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Four years ago Gilt Groupe was the hottest startup in New York — Here’s what happened

Four years ago Gilt Groupe was the hottest startup in New York — Here’s what happened

Business Insider - Jillian D'Onfro

In the words of one former employee, "We were really hot shit." Now, the buzz is gone. Gilt Groupe has downsized and is struggling to maintain growth, its executive team has turned over, and it still hasn't gone public — and probably won't any time soon, as a new $50 million cash injection this week …

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