Kitsbow Apparel, public benefit corp

Kitsbow Apparel, public benefit corp

Invest in Bringing Manufacturing back to the U.S. with Purpose-Designed Apparel

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Categories
Retail, Consumer Goods & Products, Fashion & Accessories, Social Impact
Min Investment
$100
Location
Old Fort, NC
Expected Close Date
April 30, 2023
Target Raise
$150.00K-$1.00M
No. Investors
387
Security Price
$1
Website
kitsbow.com
Number of Employees
52
Cash
$59,429
Revenue
$2,690,522
Short Term Debt
$920,151
Cost of Goods
$1,422,728
Long Term Debt
$4,398,069
Net Income
$-2,279,917

Key Deal Facts

Invest as little as $100, and you'll grow living wage careers (not just jobs) in U.S. Manufacturing
Growing: $3m sales in 2021 with 48% average YoY growth in the first 10 years
Keep employee ownership alive, and hold up a Benefit Corporation providing 100% health benefits
Join 30,000+ customers that have already vetted, tested and written 1,000+ 5-star product reviews
Help support the rebuilding of a rural town after 30 years of decline and loss of jobs
Enable sustainability with apparel that lasts for years, and reduces waste since it is made to order
Give customers what they really want in fit, size, & color with 4,600 size/color combinations
A leadership team tested by fire, and a CEO with decades of experience

Management Team / Advisory Board Bios

David Billstrom CEO, OwnerDavid is an entrepreneur, coach, and recovering venture capitalist. Along a 41 year career that includes both Intel and smaller companies, he founded a company acquired by Walt Disney, ran a VC fund, and helped Clover coffee (acquired by Starbucks)., Jessie Inglis Director of Production, OwnerJessie is an avid maker, with sewing apparel at the core of her practice. She has over a decade of experience in apparel and soft goods, specializing in development, design and manufacturing. Jessie brings expertise, curiosity and love of teaching., Manya Mankiewicz Product Design, OwnerManya approaches design using an anti-algorithmic perspective to engage with the politics of optimism. Her design practice (2002-present), connects intuitive and technical skills to realize surface, space, and apparel design., Dustin Donovan Director of Operations, OwnerDustin has 18 years of manufacturing experience, beginning as a junior Cabinetmaker and strategically building up to Production Manager before joining Kitsbow to start up the Operations of the company., Steven Kidwell Director of Logistics, OwnerSteven is a leader with 15 years of experience in warehouse operations and distribution, well versed in physical and digital inventory systems., Pj Mears Director of Learning, OwnerPJ is inherently curious about how things work and how people learn. Through a varied 35 year career spanning manufacturing, healthcare, and natural resources, he applies lean methodology and process improvement to foster a learning culture in teams., Beth Donovan Merchandising Team Manager, OwnerBeth has 10 years experience as a marketing/graphic design professional, with the ability to create, contribute, and cultivate as a professional in unique and compelling ways., Katherine Ehrlichman Community Manager and Marketing TeamKatherine has been working in the outdoor industry since she was a teenager with over a decades worth of online marketing experience., Paul Blum Board Member, Advisor to Kitsbow, OwnerPaul is an author, apparel and consumer industry leader from 1990 including CEO roles with Kenneth Cole, David Yurman, Juicy Couture, Fred Segal, and Henri Bendel. He engages with promising brands via Ember Advisory in New York City., Incolo Business AdvisorA community owned accelerator on a mission to help 1000 founders fund & scale through the crowd by 2030
Amount Raised : $639,513
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