Gilt’s Co-founder Invested in FashionStake.com

By
Photo: FashionStake.com

The race to be the next Gilt Groupe is on — or at least, to have a hugely successful online fashion venture in the largely untapped, scary digital world. The website Fashion Stake began as a forum where regular fashion-inclined people like you could invest small amounts of money in fashion labels. Founded by Harvard Business School students Vivian Weng and Daniel Gulati (who are about to graduate, mazel!), the site launched in September of last year but has become very different. Now, rather than asking people to go to the bother of investing, it serves as a marketplace for independent designers chosen by Fashion Stake's buyers. So it's kind of like Etsy.

Fashion Stake [Official Site]