BigDeal.com Launches New Guaranteed Auction Site Where Every Bidder Is A Winner
Auction Winners Get up to 90% off Retail Price While Non-Winners Get Full Refund of Their Bids to Purchase Auction Item and Cash Discounts on Popular Gift Cards
SAN FRANCISCO–(BUSINESS WIRE)– BigDeal.com, a new auction website where every bidder is a winner, announced today that it has opened its “virtual doors.” BigDeal.com provides a fun and exciting shopping experience in which shoppers get the chance to win up to 90% discounts on new, brand name consumer items, without any risk of losing money.
“Winners of auctions at BigDeal.com will get very deep discounts on popular, brand new items,” explained Nicolas Darveau-Garneau, BigDeal.com’s CEO. “What differentiates BigDeal.com from other auction sites is that everyone is a winner. That’s because bidders at BigDeal.com always retain the value of their bid investments and never lose money. That’s why we call it a Guaranteed Auction.”
The bidder who wins an auction will often get 65% to 90% off retail price on new, factory-sealed items while bidders who don’t win get a 100% refund of their bid fees toward the purchase of the auction item. In addition, all bidders get $1 in “Loyalty Bucks” for every $1 of bids they purchase, which they can redeem for a discount on a gift card from participating retailers. Winners get a BigDeal and non-winners get all their money back!
“BigDeal.com is pioneering a new retail category that brings together the best of casual games and ecommerce. We believe this is the next generation of entertainment shopping, akin to QVC’s combination of shopping and entertainment for television that resulted in a multi-billion dollar business,” said Raj Kapoor, Managing Director, Mayfield Fund and investor in BigDeal.com.
About BigDeal.com
BigDeal.com is a VC-funded ecommerce company that offers consumers an exciting shopping experience where every bidder is a winner. BigDeal was established in 2009 with financing from The Mayfield Fund, Foundation Capital and First Round Capital. The management team is comprised of former executives from Apple, eBay, Microsoft, Yahoo! and Half.com. The company is based in San Francisco, CA.