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.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
Full Glass Wine Co., the company behind Bright Cellars, Wine Insiders, and Winc, knows you fell in love with home delivery during the pandemic – and it’s investing millions into making it even better.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.
