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Choosy’s Jessie Zeng Is Using Social Media To Make Smarter Choices In Fast Fashion | Forbes

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While working as a trader at Citi, Jessie Zeng moonlighted as a fashion blogger and quickly learned from scrolling through Instagram that women often clamored to buy the outfits worn by celebrities like Kate Middleton and Kylie Jenner. In 2017, she launched Choosy, an on-demand fashion company. Instead of looking to the runway for inspiration, Choosy scans social posts to spot the hottest looks and then makes 20 to 25 new pieces a month.

“Millions of women around the world are expressing their buying intent,” says Zeng, 27, cofounder and CEO. “It became very obvious to me there was a huge opportunity in marrying supply and demand.”

To avoid being stuck with excess inventory when something flops, Zeng uses Chinese factories that can make as few as 80 units. Hits are restocked fast. Choosy projects $15 million in sales in 2020 and has raised over $10 million in funding from Forerunner Ventures, New Enterprise Associates and others. She launched the company with two fellow Citi colleagues, including Mo Zhou, 27, who serves as chief operating officer, and Sharon Qian, who left the company earlier this year to focus on a Ph.D. in applied mathematics at Harvard.

Read the full profile on Forbes: https://www.forbes.com/sites/laurendebter/2019/12/03/30-under-30-2020-retail-e-commerce-meet-the-young-entrepreneurs-changing-the-way-we-shop/#3690772b2c66

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Yara Shahidi On Why Gen Z Shouldn’t Underestimate Their Power | Success With Moira Forbes | Forbes

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From getting out the youth vote to elevating diverse identities onscreen and off, how Yara Shahidi is empowering a generation of activists and driving social and political change.

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Rivian: Tesla’s Newest Rival | Forbes

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With the emergence of Rivian, the electric vehicle market is no longer a one-horseless-carriage race. Indeed, the 2020s are gearing up to be the decade of the EV. According to research at Oppenheimer, EVs and plug-in electric hybrids accounted for a mere 2.2 percent of all U.S. vehicles sold in the last quarter of 2019. And only a third of those were purely electric. But that is changing rapidly. While only 5.1 million electric cars were sold worldwide in 2018, that figure is expected to surge throughout the decade—21 million units are projected to be sold in 2020, 98 million in 2025 and 253 million in 2030.

Building a new EV, however, requires investing in cutting-edge research into components like battery packs and powertrains. The only company that has been remotely successful is, of course, Tesla—and even it’s had a rough go of it. The question is: Even with $3 billion, does Rivian have enough to realize Scaringe’s electric dreams? If the mighty Tesla has faced so many detours and potholes, what makes Scaringe think that Rivian, which hasn’t made a single car, can have a smooth ride? He doesn’t. “Things will go wrong,” admits the young CEO. And Scaringe, who comes across like a mild-mannered Clark Kent type compared to Musk’s manic Tony Stark, is confident he can overcome any perils or roadblocks. After all, Rivian is built for treacherous terrain.

Read the full profile on Forbes: https://www.forbes.com/sites/chucktannert/2020/02/10/elon-musks-new-nemesis-rivian-founder-rj-scaringe-has-a-3-billion-war-chest-and-tesla-in-his-headlights/#72de0f06182d

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Knicks, Lakers Top NBA’s Highest Team Values List | Forbes

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Forbes’ annual ranking of the highest valued NBA teams is back and for the fifth year in a row, the Knicks top the list. But the Los Angeles Lakers and the Golden State Warriors are closing in, both joining the Knicks as the only three teams worth north of four billion dollars.

For the full list visit: https://www.forbes.com/sites/kurtbadenhausen/2020/02/11/nba-team-values-2020-lakers-and-warriors-join-knicks-in-rarefied-4-billion-club/#2b00b5b92032

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