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Lebanon opens startup accelerator
February 2016
Lebanon opens startup accelerator
“Slidr works by getting users to reveal a hidden price on their chosen item by using pre-purchased credits. Once the price is shown, users have 15 seconds to decide on whether or not to go ahead with the purchase before the price is hidden again. As more people click on the item, its price continues to plummet down, subsidised by the crowd’s collective credits.“

“The user gets a great price from the start,” explains Slidr Co-Founder Fouad Assaf, a serial entrepreneur who founded and sold his first start-up in 1999. “We guarantee the starting price is lower than the RRP, but HOW much lower depends on how many people slide for it. It’s a fun way to shop that allows users to get fantastic value for exclusive items, and is basically a gamble that you can’t lose.”

“Over the next months, they will be seeking partnerships with exclusive UK brands and designers to make their products and experiences available on Slidr. They plan to keep a presence in London and run dual operations between the UK and Beirut.” 

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