Wednesday, April 7, 2010

Fashion: Invest in New Designers

The forthcoming website Fashion Stake is the brainchild of Harvard Business School student Vivian Weng. She previously worked in finance, helping fashion companies secure funding. "Fashion’s dirty little secret is that no one really has a lot of money — even people who are well-known and household names,” she told WWD. “One designer’s first round of financing took 18 months to complete." With her new site, launching this fall, she aims to give young labels a shot at funding from the masses. Anyone can invest just $50 in a label they like. Fabulous!


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