Ready To Make A Fashion Investment?
Have money to spend and a passion for fashion but no ability to create? Love to design but can’t afford your own line? Fashion Stake has created the perfect solution. It’s sort of like online dating but for the fashion designer and entrepreneur crowd. This soon-to-launch site will allow consumers to invest money in designers lines, therefore placing their own interest in the success of the collection and brand. And as a second incentive, with each “donation” to the creative process, the new investor will earn credit towards actually purchasing items. Essentially, the site cuts out the middle man–the buyer at big department stores–and delivers the ideas and creative collections straight to the consumer. Daniel Gulati, the chief executive, thought of the idea at Harvard Business School, where he is currently studying. His teachers must be proud. [Reuters]