37 min
Lori Coulter (Summersalt) - How She Built an Inclusive Swimwear & Apparel Brand The Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing I Brands
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- Investing
Presenter: Burkland Associates helps you build the right systems that can keep up with your growth and can handle all the finance, accounting, tax and hiring services that consumer startups need to scale.
For more information head to burklandassociates.com
Presenter: Skillful runs online, immersive programs that help people launch and accelerate their careers in business roles in tech - Strategy & Ops, Product, Strategic Finance and Growth.
Click Here to Apply to the Next Cohort
Thank you Madeline Keulen for the intro to Lori Coulter, founder of Summersalt. Summersalt produces flattering swimwear designed to fit you, not the other way around. The internet’s favorite swimwear — & your new go-to for everything from activewear to PJs. It was so fun chatting with Lori about how she developed Summersalt into one of the fastest growing swimwear brands. Without further ado, here's Lori.
Here are some of the questions I ask Lori.
What was your attraction to fashion?
You were designing swimwear for 10 years, what sparked Summersalt?
Body scanning
Could you IP
Scanned over 10,000 women, 1to1 fit
Customer who was neglected
What was the insight that you found that incumbents weren't understanding?
How did you approach distribution? What was the old way to distribute swimwear and gain consumer trust?
Resort businesses
Privacy from the own home, direct mail
How did you approach brand and your positioning?
Swimwear (I'd imagine) is a seasonal business. How do you think about introducing new products so you aren't only a seasonal business?
How did you go about hiring a team?
Why did you decide to raise venture money?How was that process? What's the biggest reason why a fund passed on you?
What's one thing you would change about the fundraising process?
What's one book that inspired you personally and one book that inspired you professionally?Peter Thiel Zero to OneBillion Dollar Brand
What's the best piece of advice that you've received?The highs are never as high as you think they are
What's one piece of advice for founders?
Presenter: Burkland Associates helps you build the right systems that can keep up with your growth and can handle all the finance, accounting, tax and hiring services that consumer startups need to scale.
For more information head to burklandassociates.com
Presenter: Skillful runs online, immersive programs that help people launch and accelerate their careers in business roles in tech - Strategy & Ops, Product, Strategic Finance and Growth.
Click Here to Apply to the Next Cohort
Thank you Madeline Keulen for the intro to Lori Coulter, founder of Summersalt. Summersalt produces flattering swimwear designed to fit you, not the other way around. The internet’s favorite swimwear — & your new go-to for everything from activewear to PJs. It was so fun chatting with Lori about how she developed Summersalt into one of the fastest growing swimwear brands. Without further ado, here's Lori.
Here are some of the questions I ask Lori.
What was your attraction to fashion?
You were designing swimwear for 10 years, what sparked Summersalt?
Body scanning
Could you IP
Scanned over 10,000 women, 1to1 fit
Customer who was neglected
What was the insight that you found that incumbents weren't understanding?
How did you approach distribution? What was the old way to distribute swimwear and gain consumer trust?
Resort businesses
Privacy from the own home, direct mail
How did you approach brand and your positioning?
Swimwear (I'd imagine) is a seasonal business. How do you think about introducing new products so you aren't only a seasonal business?
How did you go about hiring a team?
Why did you decide to raise venture money?How was that process? What's the biggest reason why a fund passed on you?
What's one thing you would change about the fundraising process?
What's one book that inspired you personally and one book that inspired you professionally?Peter Thiel Zero to OneBillion Dollar Brand
What's the best piece of advice that you've received?The highs are never as high as you think they are
What's one piece of advice for founders?
37 min