Million Dollar Bloggers – Blogs, Venture Capital and Funding
According to AD Age writer, Lauren Sherman, there’s a new influx of online startups especially in fashion. Bloggers are using their online platforms to build profitable brands and create lucrative business partnerships.
From Ad Age:
Bloggers-turned-startup founders have been commonplace in tech, but the “big ideas” of fashion scribes never drew the same kind of investor appeal. Now, an influx of style-driven startups – Moda Operandi, Rent the Runway, and more recently, Bauble Bar and Halsbrook – is changing that.
Geri Hirsch never considered bigger opportunities when she launched the fashion-lifestyle blog Because I’m Addicted in 2005. “From day one it was always a hobby,” said Ms. Hirsch, who reports that the blog draws more than 200,000 unique users each month. Even though Because I’m Addicted is now a source of revenue – she sells ads through celebrity fashion site Who What Wear’s blogger network – it’s never been her job.
But when Ms. Hirsch wanted to work fulltime on Leaf – a series of DIY, style and cooking videos created with Erin Falconer – she used her influence as a blogger to appeal to investors. “I want Leaf to be a lifestyle brand,” she said. She envisions everything from shoppable videos to product lines.