What is your most recent monthly burn?

Hi Olivia, recent monthly burn rate is $54,000.

1.are you making a profit? 2.what are your online margins? 3.what is your core competency? 4.are you in any retailers or primarily online? 5.where do you see the business being at in the next 5 years? 6. how is your cogs? I have seen a ton of companies lose money cause their c...

Hi John, thanks for your questions and kind words! The answers are below: 1.are you making a profit? We are fundamentally profitable. Our cost of goods and return on ad spend lead to profitable revenue. We are working on cutting operating expenses, ebing more efficient, and selling more to yield holistic profitability, which we've projected will happen in 2025. 2.what are your online margins? Our margins are great! On average it's 75-80% 3.what is your core competency? I have 10 years of expe...

I love what I am reading, hearing, and absolutely love the merchandise I have already purchased. In regard to the possible selling in 5-7 years and it actually comes to fruition, what will happen with those that have invested and those that will invest before the 31 May deadline?

Thanks David! The goal is to return your investment with a multiple behind it. By investing, you're betting that KIN Apparel will be worth more than 10 million in 5-7 years. God willing, when we ultimately sell, investors can convert their shares into cash. This is a SAFE note investment (Simple Agreement for Future Equity). so when we have a priced round or when we sell, whichever comes first, investors will know how many shares of the company they own based on how much they invested this ro...

Based on your prior comments just wanted to confirm my understanding. While you have great margins, it’s the G&A expenses that are driving the losses? Are your overhead expenses mostly fixed (salaries, rent, etc.) or variable costs? If someone decides to invest, by what me...

Hi Lex, that's correct. Last year was our only non-profitable year because we invested a lot into infrastructure and R&D. We now have a better system that works for us. Overhead expenses are fixed. If you decide to invest, updates will be sent bi-annually as we need time to put strategy to work and see results.

Will there be a second chance to invest?

Hey Trivilian :) No, this is our first and last crowdfunding campaign.

KIN Apparel

Successful Shark Tank Apparel Brand with $8M in Sales

kinapparel.com

Philadelphia, PA

Female Founder Ecommerce Consumer Goods Minority Founder Fashion

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LEAD INVESTOR

Invested $5,000 this round

Finding the right hair products has been a lifelong challenge, so when someone comes up with a brilliant idea, I have to at least try it. When I found out this was also a fellow Princeton woman, I had to invest! KIN Apparel's vision is evident in the variety and quality of products they create and the intimate connection they have with their community. I recognize their current success, but what I also see is a dynamic, driven and creative founder in Philomina who sees growth and partnership opportunities for continuing to expand the brand in thoughtful and unique ways. I am excited to invest in and support the continued growth of KIN Apparel.

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