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The 'Fancy Layaway': Creating a Market for Unique, Online and High-end Fashion
When Aslaug Magnusdottir started going to the top runway fashion shows in Milan, Paris and New York, she often thought about the wasted opportunity that designers were missing. "Because not many women could come to these shows, they were completely shut out of buying the fashion there," said Magnusdottir. She -- and Moda Operandi -- set out to change that.
From: May 22, 2013
As Crowdfunding Grows, the Rewards Increase -- but So Do the Risks
As the recent successful campaign to fund a movie based on the television show "Veronica Mars" proves, crowdfunding is now recognized as a reliable funding avenue for both start-ups and established firms. But the growth of the sector also creates more regulatory challenges and raises questions about the risks that funders take when they put their money behind a project.
From: May 08, 2013
Wharton's 2013 Business Plan Competition: Health Care, Kids, Fashion and More
Finalists in this year's Wharton Business Plan Competition proposed innovations to disrupt areas including health care, used car sales, children's retail and fashion. On the day of judgment last month, eight teams described their business plan and potential market, with several thousand dollars in prize money on the line. Check out descriptions of each plan, and see if you can guess the winner.
From: May 08, 2013
What Eyewear Startup Warby Parker Sees That Others Don't
Warby Parker has vision. The e-commerce startup known for its $95 retro-cool frames has attracted a steady stream of customers and top-notch investors. And just last month in New York City, the company opened its first free-standing store which, according to co-founder Neil Blumenthal, represents "uncharted territory ... the convergence of e-commerce and bricks and mortar. The idea that it's one or the other is ridiculous," he says. "E-commerce as a term will become obsolete in five or six years."
From: May 08, 2013
Why Innovation Is Tough to Define -- and Even Tougher to Cultivate
While most people would agree that they are in favor of innovation, providing a succinct definition or example of it is a tougher question, noted participants in a panel on the topic at the Wharton Economic Summit 2013. In addition to offering their personal definitions of truly game-changing discoveries, panelists also discussed the role of the government and the U.S. education system in fostering a new generation of entrepreneurs and innovators.
From: April 30, 2013
