Deal Dive: It’s time for VCs to break up with fast fashion | TechCrunch

February 5, 2024February 4, 2024 ~ knjohn ~ Leave a comment

Fast fashion is an industry ensnared in labor issues and copyright problems, and it has an immense environmental impact due to its wastewater and carbon emissions. It also happens to have the potential to make a lot of money, fast.

But despite all these issues, VCs won’t stop loving the sector.

On Wednesday, my colleague Manish Singh wrote a scoop about a potential Accel investment into Newme, a fast-fashion startup based in India. Newme is an app-based retailer that produces 500 new items a week with an average price tag of $10. This news comes just a week after the company closed a seed round.

Accel and Newme did not respond to requests for comment.

Survey Shows Founders Ignored by VCs Are Succeeding With Equity Crowdfunding | Entrepreneur

October 23, 2018October 22, 2018 ~ knjohn ~ Leave a comment

According to recent research done by Harvard Business School, women are less than 10 percent of the entrepreneurial and venture-capital labor pool, Hispanics have been around 2 percent and African Americans have been less than 1 percent.

Empowering entrepreneurial equality is just one of the many reasons Kendrick Nguyen started Republic, an equity crowdfunding platform. The Republic CEO believes equity crowdfunding can overcome many of the challenges women and minorities have historically faced when it comes to raising venture capital for their startups.