Georg Koch - 10 things to know with detail
- Georg Koch is a German entrepreneur and founder of the popular online marketplace, 1stdibs. Here are 10 things to know about him:
- 1. Background: Georg Koch was born in Germany and studied Business Administration at the University of St. Gallen in Switzerland.
- 2. Career Beginnings: After completing his studies, Koch worked for several years in investment banking in London and New York.
- 3. Founding 1stdibs: In 2001, Koch co-founded 1stdibs, an online marketplace for luxury goods including furniture, art, jewelry, and fashion.
- 4. Growth of 1stdibs: Under Koch's leadership, 1stdibs has grown into a leading platform for high-end design and antiques, connecting buyers and sellers from around the world.
- 5. Unique Business Model: 1stdibs operates on a commission-based model, where sellers pay a fee to list their items on the platform and a commission on successful sales.
- 6. Expansion: Koch has overseen the expansion of 1stdibs into new markets, including Europe and Asia, and the introduction of new categories such as vintage fashion and fine art.
- 7. Partnerships: Koch has forged partnerships with top design brands and galleries to offer a curated selection of high-quality products on 1stdibs.
- 8. Recognition: Under Koch's leadership, 1stdibs has received numerous accolades, including being named one of the "World's Most Innovative Companies" by Fast Company.
- 9. Vision: Koch is known for his vision of creating a global platform that showcases the best in design and craftsmanship, while also supporting independent sellers and artisans.
- 10. Philanthropy: Koch is involved in philanthropic efforts, including supporting arts education and cultural preservation initiatives through the 1stdibs Foundation.