Everything Andrea Madho said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Madho: Brand dilution comes from discounting, not plus-size customers
“Brand dilution doesn't come from someone chubby like me wearing their brand. It comes from the fact that most people are waiting until it goes on sale before they buy it.”
Madho dislikes 'segregated' investing that limits women to female-focused funds
“One of the things that, that's happened is I go to a lot of events that only have female investors or investors that are specifically looking for female founded companies. And this is a good thing, but I also don't like segregated investors. I want bro money t…”
Madho: Advanced manufacturing's future is localized microfactories
“The future of advanced manufacturing is localized microfactory production.”
Madho: Only 0.1% of luxury clothing fits 67% of American women
“0.1% of luxury clothes are available to the 67% of American women.”
Madho: Lab 141 is seeking a $16.5M pre-money valuation
“The pre-money would be 16.5.”
Madho: 50% of US women are petite and 67% are plus-size
“I'm five feet tall, which means I'm petite, which is 50% of all American women. I'm also size 18, which means I'm 67% of all American women because I'm plus.”
Madho: Fashion brands typically use only one fit model
“Typical fashion is one fit model per brand.”
Madho: Apparel manufacturers lack incentive to innovate due to low-cost sewing
“And that innovation, there's no incentive for those existing manufacturers to innovate. It's because there's low cost sewing.”
Madho: Lab 141 is negotiating LOIs with two well-funded DTC brands
“We're actually negotiating an LOI with two very well-funded direct-to-consumer brands already.”
Andrea Madho: Lab 141 held 70+ investor meetings without landing checks
“And I've had seventy-something VC angel meetings, but no one's gone out of their way to say, listen, we had an off-the-record kind of conversation, but I really like what you're doing. Let's talk about me investing. That hasn't happened either.”
Madho: Lab 141 is raising $5M to fund its first facility
“We're raising five million dollars in order to kit out our first facility, to make our first hires, and to fulfill the unmet needs of the consumers.”
Madho: Lab 141 cannot compete on $30 items, targets $250–$500 garments
“So this is at the premium end of the market. We can't compete with items that are 30 dollars. It's between 250 and about 500 dollars.”
Madho: Lab 141 invented a single-ply cutting table and holds patents
“So we have invented a single ply cutting table that my partner and I are on the patents for.”
Madho pauses Lab 141 venture fundraising to pursue customer revenue
“So frustrated, in fact, that I don't know if I really want to raise from investors. So I'm kind of stepping back from the hard pitch.”