Thanks for the feedback and the for including us in your top 3.
dmreinke
· 5 months ago
Darren. I think your comments are great.
My two cents on these three companies.
I've known Seph at ProperCloth for a little while now. I think he is a fantastic entrepreneur who is on his way to building an incredible company. I've learned a lot from him.
iStyle - Mike Albanese is really onto something. I agree that refining his pitch will help - but that's a much better situation than having a great pitch and a crappy business model. I mentioned to Mike that investors love comps and he should compare iStyle to Polyvore because it similarly involves self expression but is better than Polyvore - iStyle has built in virality and monetization.
Pier Eleven - Who knows if this concept will work but it's an amazing idea. I'm going to be watching these guys really closely. The challenge whenever you do something completely new is who do you target? Art folks or fashion folks? I think the answer is probably art - they wear clothes. Lots of fashionistas have little or no interest in the art world.
All Comments
My two cents on these three companies.
I've known Seph at ProperCloth for a little while now. I think he is a fantastic entrepreneur who is on his way to building an incredible company. I've learned a lot from him.
iStyle - Mike Albanese is really onto something. I agree that refining his pitch will help - but that's a much better situation than having a great pitch and a crappy business model. I mentioned to Mike that investors love comps and he should compare iStyle to Polyvore because it similarly involves self expression but is better than Polyvore - iStyle has built in virality and monetization.
Pier Eleven - Who knows if this concept will work but it's an amazing idea. I'm going to be watching these guys really closely. The challenge whenever you do something completely new is who do you target? Art folks or fashion folks? I think the answer is probably art - they wear clothes. Lots of fashionistas have little or no interest in the art world.
Enjoyed reading your take on the night! Here is my recap for NYConvergnece.com:
http://www.nyconvergence.com/2009/07/fashion-20...
Cheers,
Gloria
Enjoyed reading your take on the night! Here is my recap for NYConvergence.com:
http://www.nyconvergence.com/2009/07/fashion-20...
Cheers,
Gloria