ER Accelerator recently announced its summer 2013 NYC class, aka ERA5. Today we hear from Jennifer Lee, the founder of ClosetDash, a sustainable fashion swap company located in New York.
Tell us about the decision to apply for ER Accelerator.
As you know, the ERA family is profoundly experienced in all things related to startups in NYC. They offer connections to a killer set of mentors, VCs and angel investors. Not to mention, a first-rate office community, and a high profile Demo Day. How can any NYC Startup not be interested in this ideal arena? The opportunities they provide are irreplaceable.
Tell us about the product that you are launching.
ClosetDash takes the consignment shop model to the next level by giving full credit to shoppers to swap their items for items in the ClosetDash inventory, whether it be online, in-store, or at one of our swapping events. Visit our website, ClosetDash.com, or come see us at our showroom in Flatiron.
What market are you attacking and how big is it?
The clothing resale market is $20 billion per annum in revenues. We’re taking a fresh approach by combining multiple avenues for customers to shop, socialize, and be green.
What is your take on the current scene in New York today?
The NYC Startup Scene is intensely fertile right now. It’s a superlative environment for creative, hard-working women and men to produce innovative products and cutting-edge businesses. Very, very exciting!
Where does your company fit in the ecosystem?
ClosetDash is in a space that is ripe and ready for departure from the past’s consignment store models. Since our business model takes revenue from a variety of streams, we’re in the unique position to offer customers exactly what they want, no matter what type of shopping satisfies them. We’re highly organized and rightly passionate about the future of ClosetDash and all our colleagues at ERA!
Read about the other startups selected for the 2013 ER Accelerator Summer Class.