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This is a good read, and the author hits on some solid observations about the online apparel industry. That said, I am shocked about the claim that a single VC
by diolpah 15y ago
This is a good read, and the author hits on some solid observations about the online apparel industry.
That said, I am shocked about the claim that a single VC has funded an apparel retailer recently. I am in this industry, and I can assure you that it is about as unsexy as one could get from a VC perspective.
I would love to know who all these recently funded apparel businesses are.
- jfarmer 15y agoUhhh, what? Not all apparel, but: ShoeDazzle, BeachMint (StyleMint/JewelMint), Rent the Runway, Warby Parker, Gilt, One King's Lane, Send the Trend Anyhow, the list goes on, and it includes us at Everlane (http://www.everlane.com http://www.everlane.com). Some of these (including us) are vertically integrated.
- diolpah 15y agoIt seems I'm completely out of the loop, having heard of none of these except for Gilt. Thank you.
- jfarmer 15y agoI forgot Trunk Club http://allthingsd.com/20110908/trunk-club-raises-11-million-to-shop-for-men-who-hate-the-mall/ http://allthingsd.com/20110908/trunk-club-raises-11-million-...
- diolpah 15y agoThat article is just incredible. $11MM raised, assuming 25% dilution, giving them a ~$44MM valuation on only $1MM in revenue? I had not the faintest idea there was a huge valuation bubble in my own industry. I am a little bit shocked.
- epicviking 15y agoGilt is VC funded I believe
- diolpah 15y agoThank you. For some reason I had assumed they weren't venture-backed.