“The co-founder of Gilt Groupe, Kevin Ryan, is also a co-founder of SAI. In fact, Kevin co-founded SAI a few minutes before he co-founded Gilt Groupe—which has rendered the relatively slow-growing SAI the equivalent of a cement business in his mind. Gilt now occupies two floors of a huge NY office building, including the closet that SAI used to occupy. Gilt has hundreds of employees. Gilt is now worth several hundred times as much as SAI.”
