#86 If the Suit Fits, Invest.
The Pitch
Josh Muccio
4.6 • 1.5K Ratings
🗓️ 25 March 2020
⏱️ 34 minutes
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Summary
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| 0:00.0 | Over the last decade, a whole new type of fashion company has exploded on the scene. |
| 0:05.0 | Brands built on VC dollars and massive Facebook ad budgets. |
| 0:09.0 | Think Stitch Fix and Everlane. |
| 0:11.0 | They all have their own unique message, whether it's convenience or |
| 0:14.9 | being socially conscious. Or sometimes it's just that they have the right kind of cool. |
| 0:20.6 | Today's founder thinks he can cut through the noise with an even newer trend, custom fit. |
| 0:26.0 | Ray Lee's company sells clothing made to order just for you. |
| 0:30.0 | But can he convince our investors that his technology is good enough for Scene Studio to have |
| 0:36.1 | its own moment on the fashion startup runway? |
| 0:39.5 | From Gimlet, this is the pitch. |
| 0:41.5 | I'm Josh Muccio. |
| 0:45.0 | Let's meet today's investors. |
| 0:47.0 | I'm Elizabeth Yin. |
| 0:48.0 | Elizabeth is a managing partner at Hustle Fund, |
| 0:51.0 | and so far she's invested 30 million in over 250 startups. |
| 0:56.0 | One example, a company called Nerd Wallet. |
| 0:58.0 | I'm Charles Hudson. |
| 1:00.0 | Charles started Precursor Ventures where he's invested 45 million in over 100 startups to date. |
| 1:05.8 | I'm Scheel Manette. |
| 1:07.0 | Scheel has sold three startups for over $50 million. |
| 1:10.7 | Now he's an angel invested in several companies worth billions today. |
| 1:15.0 | I'm David Goldberg. |
... |
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