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Let's Gift It is a platform for social gifting. We give online retailers the ability to allow multiple contributions towards high ticket items on their registry, wish-list and product pages. By socializing the buying experience for high ticket/high margin products, we help online retailers generate incremental revenue and increase average order value.
Online, non-virtual gifting is 10% of the $192 billion eCommerce market. Group gifting represents a $2 billion market. Yet currently, only 2% of the Internet Retailer top 500 retailers offer a group giving option. We offer customers a patent-pending, fully integrated checkout solution and social marketing tool. We are thrilled to announce our first retail client, 1800Flowers, the #1 gifting website in the US, with more than $450 million dollars a year in online sales. 1800Flowers has long been a pioneer in eCommerce and they tapped Let's Gift It to power their first ever group gifting solution.

News & Updates

Sep
21
The Future of the Present
LetsGiftIt / News & Updates / Portfolio — No comments

by David Zax

The Internet, by and large, is a selfish place. Tech startups are so often driven by the ego–not just the ego of their founders, but the ego of their users. “What can this service do for me?” we tend to ask of the latest technological marvel. “How will it improve my life?”

It’s refreshing, then, to encounter a spate of startups that are looking to reboot selflessness. A series of gift-giving startups want to rethink the gift, by hacking both the gift card and the cumbersome process of group gift-buying.

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Aug
15
The inside story of DreamIt Ventures’ first New York City accelerator
1DocWay / AfterSteps / AppAddictive / ClothesHorse / Cognection / CustomCoup / Dreamit News / Hoot.Me / KeepIdeas / LearnBop / LetsGiftIt / ListenVoice / NewQuill / News & Updates / Portfolio / TakeTheInterview — No comments

By Courtney Boyd Meyers

“Have you ever had a failed startup?” I asked Mark Wachen, the managing director of DreamIt Ventures’ New York accelerator program.

He laughs, “Well, in the mid 1990s, I had what one might call a start-down.” It was between graduating from Harvard Business School, helping to launch the original Sony Music website, running music promotions with Yahoo, leaving Sony and then returning to Sony that Wachen tried to launch his own company. He became distracted by the freneticism of the time, and people around him who said “I don’t like your idea, but hey there’s this other opportunity…” Shortly after, Sony recruited him back to start a corporate venture group, which Wachen cites as a great learning experience for his current role leading fresh young startups into the world.

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http://thenextweb.com/insider/2011/08/14/the-inside-story-of-dreamit-ventures-first-new-york-city-accelerator/