The eBay Economy and Its Impact on the Luxury Market
The eBay Economy and Its Impact on the Luxury Market
Date: Tuesday, March 14, 2006
If you are not aware of Dan Nissanoff and his new book, FutureShop you must come to our March 14 event. You will leave thinking differently about retail, the web and the luxury market place.
Generously Hosted by Jim Druckman, President, The New York Design Center
eBay has grown into a behemoth that generated almost $44 billion in
sales last year. If it were a retailer, it would rank amongst the top
10 in the world. Over 180 million people trade on the site and almost
25% of all online revenue is transacted through it. eBay is quickly
becoming a mainstream consumer venue.
But as eBay continues to grow, and new online exchanges emerge, it is
beginning to have a subtle but serious impact on many sectors,
including the luxury sector. The impact manifests itself in both
positive and negative ways that are just becoming visible.
What is the relationship with eBay and the luxury market today? Where
is it going in the future? How is it impacting your business and what
can you do to harness its benefits and ward off its evils.
Internet visionary and acclaimed author Dan Nissanoff shares his
perspectives on what you need to know about how eBay and its imitators are redefining how we shop not only online, but off-line as well.
Speaker:
Daniel Nissanoff
Author, FutureShop (Penguin Press, 2006)
Time: 6 p.m. to 7:30 (with reception to continue until 8:15)
Location: 200 Lexington between 32nd and 33rd Street (west side), main floor conference room.
Attendance Limited to 100 on a 'first to reply' basis:Please RSVP by replying to this email
In the event that your plans change, we'd be most appreciative of the courtesy of a cancellation.
Recent acclaim for FUTURESHOP:
Books about e-commerce tend to be like uninspired sex: a convenient shortcut to a nap. But this one is like the jolt of a double espresso.
- Wall Street Journal
"The author's economic argument is persuasiveŠDaniel Nissanoff has seen the revolution, and it is in mint condition, still in the original boxŠIf Nissanoff's vision comes to pass, one can imagine a slew of tough questions. Should corporations extend their marketing outreach to down-the-line owners, and should resale value become part of that message? What happens to the notion of built in obsolescence? Can makers of disposable items get in on the act?"
- Harvard Business Review
"If you think putting out $700 for a stroller is foolish extravagance, think again... The stroller is only one of scores of examples [Nissanoff] provides to drive home the point that consumers today are increasingly shedding their "accumulation" culture mind-set and are moving toward an "auction" culture mind-set."
- Boston Globe
"What was the last business book you read that kept you up past your bedtime? This one will.
--Paco Underhill, Author of Why We Buy: The Science of Shopping
Ebay and it imitators have profoundly changed the way consumers shop and buy, and
Dan Nissanoff's FutureShop shows that what we've seen so far is only the beginning."
--Michael Silverstein, Co-author of Trading Up and Senior VP, Boston Consulting Group
"Would you buy a used engagement ring? What about a used share of Google stock?
What's the difference? This breathtaking, clear, compelling book by Daniel Nissanoff reveals
that in the future, there is no difference."
--Seth Godin, Author of Free Prize Inside
"Dan Nissanoff views the future with a 'jeweler's eye,' and FutureShop
is a quantum jump in strategic thought."
--Ed McQuigg, Group VP Marketing, Richemont
ABOUT DAN NISSANOFF
Daniel Nissanoff is a visionary entrepreneur who is an internationally recognized and accomplished expert in secondary market economies, technologies and
businesses. He is the Founder and Chairman of PartMiner Inc., the Co-founder
and Vice Chairman of Portero and the author of recent bestseller FUTURESHOP: How the New Auction Culture Will Revolutionize the Way We Buy, Sell, and Get the Things We REALLY want (Penguin Press, January 2006).
In 1994, the same year eBay was founded and began to build its consumer-
to-consumer marketplace, Nissanoff began focusing his professional energies
on building a central online business-to-business marketplace for the electronic
components industry. Since the world's leading technology manufacturers
were not readily able to buy urgently needed parts for immediate delivery,
or sell parts they no longer needed for fair value, he saw an opportunity to
balance supply and demand in order to enable an improved level of fluidity;
Nissanoff helped legitimize an entirely new way of doing business by re-writing
the rules of trading in the secondary market.
By the late 1990's, he had brought his vision to reality and founded a company
called Partminer. Working with a team of technologists from IBM's renown
Watson Research Center, Partminer built one of the world's first business-to-
business online marketplaces to service a $200 billion industry.
At the height of the Internet Boom, Partminer rolled out its "Free Trade Zone,"
a NASDAQ-like trading and information platform, which became the world's
leading online marketplace for the semiconductor industry. By 2001, the FTZ
was ranked by CMP as the most valuable component web site. Today,
Partminer's digital solution is used exclusively by almost all of the top
electronics manufacturers in the world.
To execute on his vision, Nissanoff raised more than $150 million from leading
venture capital and strategic firms and partnered with some of the industry's
biggest and most influential companies including Dell Corporation, Celestica
and IBM. During his tenure as the founding Chairman and CEO of Partminer,
Nissanoff grew the business to facilitate billions of dollars in transactions while employing more than 500 people globally. At its peak, Partminer's estimated market value was over $1 billion. Today, Partminer is headquartered in New York with offices world-wide.
In 2004, having spent most of his professional life on the b2b sector,
Nissanoff decided to dedicate the next phase of his life to the consumer
side of secondary markets. In addition to sharing his vision of the future globally by writing this book, he has spent the last two years building Portero, a leading online facilitation business dedicated to helping luxury brands navigate the online world.
Nissanoff was a 2001 finalist for the coveted Ernst and Young Entrepreneur
of the Year Award. He was named a "Mover and Shaker of 2001" by
Electronic Industry, alongside 14 CEO's of multi-billion dollar public electronics
companies. His deal with IBM was recognized by Line 56 as one of the 20
Top Events in 2000. Under his leadership, Partminer was ranked as a
Deloitte Fast 500 company, for two years in a row. He is also an active member
of Young President's Organization (YPO), an international assembly of over
11,000 influential business leaders, since 1999. He has been a frequent public
speaker and featured guest at prominent events worldwide including Internet
seminars, venture capital workshops, semiconductor industry events and more recently retail and luxury forums. Hundreds of articles have been written about him, his companies and his views and cutting-edge strategies on the Internet.
Prior to conceiving Partminer, Nissanoff founded a software company that
automated secondary markets. Previously, he was also an associate attorney
in the corporate reorganization group of the law firm of Weil, Gotshal and Manges.
Daniel Nissanoff holds a J.D. from New York University School of Law and a
B.S. in Economics from California State University, Northridge. Dan has a
passion for international travel and speaks many languages. He was born in
L.A. and lives in Manhattan.