Even before Susan Lyne left her high-profile CEO post at Martha Stewart Living Omnimedia (MSLO) earlier this year, the media world speculated wildly about where she might go next. Would she take a senior role at media giant Time Inc? Or would she end up in Hollywood, where she could bring to bear some of her experience from ABC, the American television network,whose fortunes she was credited with reviving on the strength of shows like Lost and Desperate Housewives?
It turned out that neither was true. In a surprise move, she accepted an offer to become the CEO of Gilt Groupe, an innovative start-up online fashion retailer that was featured on the Business of Fashion shortly after its inception late last year.
In our latest CEO Talk, I checked in with Susan to learn about the incredible progress of Gilt Groupe since then, which has seen the online start-up secure a $5m funding round from Matrix Partners, build a team of more than 100 employees from some of the best fashion brands and retailers, and most impressively, attract a passionate membership base that now numbers almost half a million users.