As you know, we’re all about enabling fashion entrepreneurs with the knowledge to scale their business to International heights. However, if they’re planning to enter a new market, invest in workforce skills training or innovate, they will more than likely need growth capital. A fund entirely dedicated to business development. That’s why this week was all about Funding Strategies and understanding how to raise capital.
We dove straight in with #threadsbySB co-founder Tania Habimana, who demonstrated the 101 of crowdfunding for fashion entrepreneurs. The discussion went from why her previous campaigns failed, the top lessons she’s learnt to equity & reward-based crowdfunding basics. Debt vs. Equity was explained with Standard Bank Analyst & Credit Risk Officer Binky Morewa. When it came to engaging with Angel Investors and Venture Capitalists, AngelHub Ventures (SA) Lead Partner & VC Brett Commaille took the lead. As he revealed the ‘do’s and don’t’ when engaging with potential investors.
“Investors want to know how you will deliver on promised margins.” – @AngelHubZA Lead Partner & VC Brett Commaille. #ThreadsbySB
Last but not least, Debt Financing was unpacked thanks to Spartan SME Finance CEO, Kumaran Padayachee as he discussed the 3 F’s of funding, credit interviews, cash flow and more.
“Cashflow is like being healthy. It’s a consequence of actions. If you’ve nurtured bad habits, it’s going to show” – @KumaranSpartan CEO of @Spartan_SA. #ThreadsbySB
That’s it for this week. Stay tuned to learn more insights with The Business of Fashion Accelerator Program, Threads Stitched by Standard Bank and driven by Mercedes-Benz South Africa.