Thursday, October 11, 2012

Software Is Eating The Fashion World And The VCs Are Going Shopping

Screen Shot 2012-10-10 at 19.34.47Over the last couple of years a new trend amongst startups has been towards addressing incumbent industries. And there are few such traditional sectors as the world of fashion. Hence we've seen a great deal of activity in the space. We've seen the rise of apps to measure our bodies for clothes and personalise our fashion shopping experience. We've even seen fashion startups start to acquire each other. And tech is merging with fashion - heck, even models are starting to wear Google Glasses on the catwalk. What the heck is going on? Well I'll tell you: the disruption and transformation of an entire industry. Software is definitely eating this particular world. The latest symptom of this fever is the news that VC Index Ventures plans to offer up $50,000 to find the next hot little number.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/HRCxZcMRiNo/

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