Finery Leaps Over the Funding Gap for a $5 Million Investment
Digital wardrobe company Finery is trying to revolutionize how women get dressed every day.
In an effort to cut down on how much time women spend choosing their outfits, Finery founders Whitney Casey and Brooklyn Decker created an online “operating system” for their closets. And the company just landed $5 million in seed funding.
Casey, who serves as CEO, joined us for our special #chedHER coverage to explain her business strategy.
“We really targeted the people that we wanted to be in the room with,” Casey told Cheddar.
The Finery team did research to find out which venture capitalist firms had previously invested in women before going into the pitch meeting. Casey described the challenges she faced explaining Finery’s concept to men.
To solve the gender disconnect in the business world, Casey said there should be more female entrepreneurs.
“We’re consumers, women, we’re 80% of the wallet, right? So more products should be built for women, by women,” Casey said.
She called on women to be conscious of who’s behind the products they use and the companies they support.
For full interview, [click here](https://cheddar.com/videos/closing-the-vc-funding-gap-2).
Facebook and Instagram users will start seeing labels on AI-generated images in their feeds. Hopefully this will save time for everyone zooming in each picture to see how many fingers someone's hand has.
Seth Schachner, Managing Director at StratAmericas, weighs in on Spotify earnings and why that headline-grabbing deal with Joe Rogan could be worth that $250 million.
Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.
Amazon saw 24% growth in their Thursday Night Football audience in 2023. Subscribers will be rewarded with even more sports, but not without enduring more ads — unless they pay extra, of course.
Low unemployment + 350 thousand new jobs in January = ...more layoffs? A bunch of tech and retail companies have laid and are laying off employees after a nationwide hiring surge during the pandemic.
The most magical place on Earth wants a protective order to keep Gov. Ron DeSantis' appointees from knowing how the magic happens. A federal judge dismissed a separate Disney lawsuit last week.
