Source: Harpers Bazaar, Feb  2012

HB: Tell me a little bit about the technology behind Feyt. EY: It’s similar to a Netflix or Pandora in that it’s a user data driven site. We’re going to launch in stages to get to a place where we have guest stylist curators and the social media aspect up and running and get the algorithm in place.

FT: And that’s when people will start actually getting customized recommendations.

EY: The other exciting feature is that once the algorithm is in place, we’re also going to offer features like wardrobe planning where you can put in a budget for a seasonal buy. We’ll take into account your personal profile, which has your style, body-type, lifestyle, etc. Feyt will even do suitcase packing for you.

HB: How do you think that this will change how people shop online?

FT: Most of these websites are search based and we’re trying to move towards more suggestion-based purchases. So, we really think that we can monetize that and hopefully it can really change the way people shop because it’s not really offered right now.

EY: Many social shopping sites that have emerged mainly rely more on user-to-user recommendations and interface, whereas Feyt is more about expert styling advice and recommendations.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s