Who will be fashion’s Facebook or Linkedin is still wide open @HeliumMagazine
117 startups at the nexus of fashion and technology raised $1.6 Billion of venture capital last year.http://www.heliummagazine.com/2012ftir-part-1-data-crunch-infographic/
The reality is that the fashiontech industry is one completely of it its own. It doesn’t play well with traditional fashion retailers nor is it understood by tech industry professionals and venture capitalists. There is extreme uncertainty in it as an uncharted frontier, but venture capitalists are pumping this money into it because they know that there is disruption going on and where there is disruption there is HUGE amounts of profit to be made.
We’re looking for the next billion dollar companies that will pave the way for the rest of the industry and make the acquisitions that will fuel innovation. I think Nasty Gal will be the next Channel, but the question of who will be fashion’s Facebook or Linkedin is still wide open.
Matthew Mountford26 March, 2013 at 5:27 AM