How Capital-Seekers Can Impress Investors: Inside Advice From Eloquii Founder Mariah Chase
Eloquii founder Mariah Chase wanted to fill a hole in the fashion industry — stores were selling clothes that fit women in larger sizes, but the offerings weren't very, well, fashionable. Chase took this idea and turned it into a full-sized fashion powerhouse that Walmart snapped up in 2018 for $100 million.
Success didn't come easy, said Chase, particularly as a female founder. "There's a level of grit and resilience you need, both to operate in this kind of market, with these dynamics, as well as raise capital," she explained.
A great network, supportive board, and engaged investors helped Eloquii get through some tough moments. Now that she is on the other side, investing in new companies, Chase shared tips about what she looks for before committing funds to new companies.
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Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
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