Louis Vuitton's Virgil Abloh Tribute, Decoding This Year's Black Friday Results, The Fashion Awards
WHAT YOU NEED TO KNOW TODAY: TUESDAY, NOVEMBER 30, 2021 | | |
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| | By Cathaleen Chen and Chavie Lieber |
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| | By Tamison O'Connor and Marc Bain | | |
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| Reimagining Funding to Democratise Fashion Entrepreneurship | Clearco has invested more than $2.4 billion in over 6,000 businesses, leveraging AI to remove the bias. Its portfolio has eight times more women-founded businesses than traditional VC firms and 30 percent of founders are people of colour.
"If you are doing the work to build your company, you should own the majority of it," says Michele Romanow, co-founder and president of Clearco, who shares insight as to how Clearco are seeking to fill a gap in the funding market for those who don't fit into the traditional seeding or bank roll structure.
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