Question 1

What are your plans for the funds raised this round?

Accepted Answer

Hey Will, we are using most of the funds for inventory and supply chain. So far we've sold out of most product sets we've released to our customer base. Last December, we sold out of our Christmas inventory in 6 hours. Based on our traffic, if we had enough inventory we would have sold over $600,000 in product that month. The funds will allow us to better control our inventory levels and continue to build out both a domestic and international supply chain. We're also planning on building out ...

Question 2

Part of the brand appeal is that the apparel is so unique. How will you balance one-of-a-kind selection against increased inventory demand. Where do you draw the line for repeat production?

Accepted Answer

Good question, we believe that an aspect of uniqueness is crucial to our brand. In fact, we created the brand on the premise that people are tired of wearing the same boring clothing as everyone else. To balance uniqueness with inventory demand we will have to become a fast fashion company. We will need to create new designs faster than the typical spring/fall line releases most brands adhere to. Luckily, our team is a bottomless well of creativity. We are also building a platform called Shin...

Question 3

Is there pro rata rights for investors in the Wefunder investing vehicle for Shinesty?

Accepted Answer

Hey Duc! Shinesty's docs do give pro rata rights for Wefunder. If they a raise a follow on round we will offer the chance to follow on to our community, and then participate if there is interest.

Question 4

Hello, congratulations on your success thus far. Your company and team look like a great market fit for our times. A few questions: could you provide me with a clear plan for your growth in the next 2 years. What targets are you planning to reach prior to considering a series ...

Accepted Answer

Hi Dilraj, In terms of growth, our main focus after closing this round is product. To date, our only constraint is not having enough inventory to meet demand. To deal with this, we are actively developing both domestic and international manufacturing supply chains that will be able to supply us with a more consistent stream of inventory. We are developing a range of new designs to cover more themes and we are building a platform (Shinesty Mad Labs) that will allow us to test and crowdsource d...

Question 5

I want to invest in your company. How can I? Do you have a stock code or something?

Accepted Answer

Hi Carlton,  we are not currently raising money but we will certainly keep everyone posted if we decide to raise funds again. Thanks for the interest!

Shinesty

Irreverent fashions for any event year round.

$36,700

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Shinesty

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$36,700

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