In this interview I speak with Richard Kestenbaum, partner at Triangle Capital on the ups and downs of the life of Gilt Group which was recently acquired by Rue La La, it's main competitor. The flash sale commerce model took off like a rocketship a few years ago but has fizzled recently and the market is not growing as much as it was once expected.  We also discuss other commerce models including subscription, rental and direct-to-consumer as well as the ongoing battle between the heavyweights Amazon and Walmart.