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May 20, 2015 7:09 EST

Winnie & Kat: Social Selling Fashion

iCrowdNewswire - May 20, 2015

Winnie & Kat

Social Selling Fashion

Westlake Village, CA

winnieandkat.com

 

  • FUNDING ROUND
  • Status TAKING RESERVATIONS
  • Target $500,000
  • Reserved NEW
  • Pre-money Valuation $3,000,000

 

  • SUMMARY
  • Team Led by serial entrepreneur with several successful exits.
  • Performance 2013 revenue $243K, 2014 projected $400K
  • Unit Level Economics Average product markup = 5x multiple
  • Customers Individuals
  • Potential Acquirers J. Hilburn, Stella & Dot, Berkshire Hathaway, apparel co.
  • Investors Seed Funded by Founder

PRODUCTS

W&K offers fashionable clothing in an intimate home trunk show setting where women enjoy shopping while socializing with their friends. Each of our seasonal clothing collections – all made in the USA – include 20 pieces, which are mix and match to help women simplify their wardrobes. The denim market has recently plummeted because women prefer comfort-based clothing such as leggings and t-shirts. W&K products are made of luxuriously soft fabrics that women love today.
W&K is currently in its 4th season of collections.

 

TEAM

Diane Prince, Founder & CEO

Serial iconic entrepreneur. At age 27, co-founded her first company which grew to $50M in annual revenue within six years and was sold to a publicly held company. Diane next participated in the management of multiple enterprises, taking some from start-up ventures to multi-million dollar national businesses.

Cheyne Cunningham, Director of Operations

Lowered shipping costs, helped decrease the merchandise return rate by 68% since 2013, manages inventory, strengthens vendor relationships, helps support a welcoming and informative environment for new and experienced Independent Stylists, and more.

Tiff Mulligan, Stylist Liaison

Right hand woman to founder and CEO Diane Prince and the Independent Stylists across the country. A former Independent Stylist herself, she has field experience that brings a unique perspective of the Stylists’ needs to the Home Office.

 

  • ADVISORY TEAM
  • Harvey Finkel
    SCORE Advisor
    Over 40 years of financial and operational management. Through SCORE, … 
  • Daniel Jensen
    Consultant
    Worked with over 1,000 direct selling companies in his 35 … 
  • Terrell Transtrum
    Consultant
    Part of the team that took Melaleuca from several hundred …

FINANCIALS

  • HIGHLIGHTS
  • Revenue2013 revenue $243K, 2014 projected $400K
  • DistributionHome Trunk Shows

DEAL DETAILS

  • FUNDING ROUND
  • StatusTAKING RESERVATIONS
  • Target $500,000
  • Reserved NEW
  • Pre-money Valuation$3,000,000
  • Round Type Equity
  • Entity Type LLC

 

 

 

 

Contact Information:

Diane Prince
Cheyne Cunningham
Tiff Mulligan

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