Monday, March 5, 4:00 p.m. to 5:00 p.m. ET
Dear First Stage Investor,
It’s been a busy few months for our portfolio company DSTLD. When we checked in with co-CEOs Mark Lynn and Corey Epstein in the February 2018 issue of First Stage Investor, they told us they recently launched a store in California.
The store holds the company’s entire product line but is designed only for customers to try on the clothes, not to take them home. To buy, customers place orders through a sales rep at the store and have their purchases delivered to their homes.
By centralizing their inventory and operating in smaller, cheaper retail spaces, they’ve made a very cost-effective model. It also allows the company to be nimble and make adjustments to design or sizing more easily.
Even more exciting, the company recently informed me that it’s “aggressively pursuing liquidity options for investors in 2018.” Though nothing is guaranteed yet, I can tell you the team is working hard to make headway on this, which is potentially excellent news for investors.
In addition to being our only twice-recommended startup, DSTLD sports a fantastic $30 million valuation – which we feel is a steal given how much potential this company has.
If you haven’t yet invested in DSTLD, or if you have and are interested in hearing an update from the company, I highly recommend attending its end-of-campaign webinar next week.
The webinar will take place on Monday, March 5, from 4 p.m. to 5 p.m. ET.
You’ll get the lowdown on what’s happening with the company, and you’ll have the chance to participate in a Q&A session.
Here are the event details…
Livestreamed to your computer
Monday, March 5, from 4:00 p.m. to 5:00 p.m. ET