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These are the user uploaded subtitles that are being translated: 1 00:00:08,600 --> 00:00:10,720 That's a great photo. 2 00:00:10,720 --> 00:00:11,800 Perfect! 3 00:00:16,920 --> 00:00:19,920 So these are made from old jumpers or insulation 4 00:00:19,920 --> 00:00:21,960 that would have gone to landfill. 5 00:00:26,760 --> 00:00:29,200 I used to be driven by this thought 6 00:00:29,200 --> 00:00:31,200 that I'll go out and prove everyone wrong. 7 00:00:35,840 --> 00:00:40,120 Yes, we might have pushed you to work hard then 8 00:00:40,120 --> 00:00:42,280 because I don't want you to strike the West. 9 00:00:47,440 --> 00:00:49,840 This platform could change the world. 10 00:00:49,840 --> 00:00:52,360 Is it specifically for clothes bought from here? 11 00:00:52,360 --> 00:00:54,680 No, we've built it so it could be universal. 12 00:00:54,680 --> 00:00:56,200 Seen. 13 00:01:00,400 --> 00:01:02,200 Let me give you a card. 14 00:01:02,200 --> 00:01:05,400 The second-hand market is the fastest-growing. 15 00:01:09,080 --> 00:01:10,720 This is the launch of our campaign, 16 00:01:10,720 --> 00:01:12,280 we're raising £300,000. 17 00:01:12,280 --> 00:01:15,200 Today, I'll be pitching to 200 investors. 18 00:01:15,200 --> 00:01:17,800 This is so important for us. 19 00:01:17,800 --> 00:01:20,040 It's the final pitch today. 20 00:01:40,360 --> 00:01:42,720 Thanks, everyone, for coming bright and early. 21 00:01:42,720 --> 00:01:46,360 So we're reimagining the shop today, launching our autumn/winter line. 22 00:01:46,360 --> 00:01:48,680 So, Roberta, you're in charge of merchandising. 23 00:01:48,680 --> 00:01:50,600 So, what's going in the windows? Sticks. 24 00:01:50,600 --> 00:01:53,680 OK. Lots of foliage. 25 00:01:53,680 --> 00:01:56,760 OK. It's going to really lead into all the autumnal colours. 26 00:01:56,760 --> 00:01:58,000 Cool. 27 00:01:58,000 --> 00:02:01,000 And Aoife, you are in charge of making sure the right stock's out 28 00:02:01,000 --> 00:02:04,200 and the online orders. Here to help you. Cool! 29 00:02:12,240 --> 00:02:16,600 My shop is a independent ethical-fashion retailer. 30 00:02:16,600 --> 00:02:20,240 We want to make it really easy for people to make green 31 00:02:20,240 --> 00:02:23,920 and socially sound choices as they shop, so we do the job 32 00:02:23,920 --> 00:02:25,880 of, like, scouting brands 33 00:02:25,880 --> 00:02:29,920 and good-quality products that we know are ethically made. 34 00:02:29,920 --> 00:02:34,120 So these are made from end-of-life wool, old jumpers or insulation 35 00:02:34,120 --> 00:02:36,120 that would have gone to landfill 36 00:02:36,120 --> 00:02:38,360 and then made into just really gorgeous blankets and scarves. 37 00:02:38,360 --> 00:02:40,280 Yeah, I think it's so cool. 38 00:02:41,360 --> 00:02:46,120 I started it after working for a NGO in Ethiopia. 39 00:02:46,120 --> 00:02:49,600 In my spare time, I would visit markets where stallholders 40 00:02:49,600 --> 00:02:52,920 would be selling clothes that were being made right behind them, 41 00:02:52,920 --> 00:02:55,080 so seamstresses would be sitting right behind the stalls. 42 00:02:55,080 --> 00:02:57,000 And they were creating beautiful products. 43 00:02:57,000 --> 00:02:59,840 And I really fell in love with the idea of telling people 44 00:02:59,840 --> 00:03:01,240 back in the UK, 45 00:03:01,240 --> 00:03:04,920 there is a lot of art and craft and skill in Ethiopia, 46 00:03:04,920 --> 00:03:08,120 and I really wanted to see 47 00:03:08,120 --> 00:03:11,200 what I could do to support makers 48 00:03:11,200 --> 00:03:12,560 all over the world. 49 00:03:13,960 --> 00:03:15,960 Lip balms. Oh, they're cute. 50 00:03:15,960 --> 00:03:18,280 Oh, my gosh, they're lovely, aren't they? 51 00:03:19,760 --> 00:03:22,720 Absinthe lip balm. Oh, nice. 52 00:03:22,720 --> 00:03:24,480 Do they have real absinthe in them? 53 00:03:24,480 --> 00:03:26,160 I think so. 54 00:03:26,160 --> 00:03:28,000 Mm! 55 00:03:28,000 --> 00:03:30,360 When we first started the business, one of the first things 56 00:03:30,360 --> 00:03:33,200 that we did was write a little business plan and go to our local 57 00:03:33,200 --> 00:03:36,720 bank and ask for a meagre thousand pounds. 58 00:03:36,720 --> 00:03:40,720 What we were pitching was this idea that fair trade would become 59 00:03:40,720 --> 00:03:43,400 the norm of shopping, that consumers would pay more 60 00:03:43,400 --> 00:03:45,440 for sustainable products. 61 00:03:45,440 --> 00:03:49,480 But our bank felt that not only was it a bad business idea, 62 00:03:49,480 --> 00:03:52,960 but that we ourselves weren't going to be able to run it 63 00:03:52,960 --> 00:03:55,040 and therefore refused us. 64 00:04:05,880 --> 00:04:07,240 Hello, how can I help? 65 00:04:07,240 --> 00:04:09,840 I think a lot of people would have given up at that point. 66 00:04:09,840 --> 00:04:11,120 Mm-hm. 67 00:04:11,120 --> 00:04:14,320 But when I was younger, I used to be driven by this thought that, 68 00:04:14,320 --> 00:04:17,000 you know, I'll go out and prove everyone wrong. 69 00:04:17,000 --> 00:04:20,840 So I took out the £1,500 overdraft myself. 70 00:04:20,840 --> 00:04:25,640 Yeah, we've got the sports bra, that's the recycled activewear. 71 00:04:25,640 --> 00:04:27,920 OK, bye, bye. 72 00:04:27,920 --> 00:04:31,400 Our first store was a pop-up, just straight out of uni, 73 00:04:31,400 --> 00:04:33,680 and it was really fun. 74 00:04:33,680 --> 00:04:35,240 That went really well. 75 00:04:35,240 --> 00:04:38,600 We saved enough to be able to open a store which is kind of half 76 00:04:38,600 --> 00:04:41,200 the size of this one, but much more expensive than the pop-up. 77 00:04:41,200 --> 00:04:44,280 So it soon hits you that you need to be able to, like, run a proper 78 00:04:44,280 --> 00:04:46,600 business and not just have fun. 79 00:04:46,600 --> 00:04:49,520 And then we opened this store here 80 00:04:49,520 --> 00:04:51,800 and, yeah, it was challenging. 81 00:04:51,800 --> 00:04:55,560 It's taken seven years for us to get to the turnover we're at now, 82 00:04:55,560 --> 00:04:57,880 which is about £700,000. 83 00:05:03,880 --> 00:05:06,280 So I'm packing some online orders 84 00:05:06,280 --> 00:05:08,320 which, since the pandemic, 85 00:05:08,320 --> 00:05:11,000 has, like, increased majorly. 86 00:05:12,440 --> 00:05:14,560 I love seeing what people put together. 87 00:05:14,560 --> 00:05:16,920 I always get a bit enthusiastic 88 00:05:16,920 --> 00:05:19,240 with the little handwritten notes that we write. 89 00:05:19,240 --> 00:05:21,160 Oh, my gosh, this will look amazing! 90 00:05:24,880 --> 00:05:28,920 I'm currently putting together some window displays, so I gathered 91 00:05:28,920 --> 00:05:32,280 all this from the side of the road and then went to our local florist 92 00:05:32,280 --> 00:05:34,480 for these autumnal extras. 93 00:05:36,800 --> 00:05:39,240 Can you give me a hand? Yeah. 94 00:05:39,240 --> 00:05:43,160 Vidmantas is my partner, both in life and in business. 95 00:05:43,160 --> 00:05:46,640 So how come that isn't level to that end? What's going on? 96 00:05:46,640 --> 00:05:47,960 No, it's OK. 97 00:05:47,960 --> 00:05:50,520 I tend to do kind of more creative roles, where he tends to do 98 00:05:50,520 --> 00:05:53,280 more numerical roles. 99 00:05:53,280 --> 00:05:56,080 Yeah, that's not a good way to do it, Vidmantas. 100 00:05:56,080 --> 00:06:00,600 Vidmantas has just been a rock, really, but he is a pain in my butt! 101 00:06:03,080 --> 00:06:05,280 Pleased, yeah, it will do the job. 102 00:06:19,640 --> 00:06:22,520 So we're just in Reading at my family's home. 103 00:06:22,520 --> 00:06:25,840 I've come home for the weekend because it's been a long week 104 00:06:25,840 --> 00:06:29,960 and hoping to get just a chill time, have some food with my parents 105 00:06:29,960 --> 00:06:31,360 and just relax. 106 00:06:33,800 --> 00:06:37,280 So I was born in Addis Ababa, the capital city of Ethiopia, 107 00:06:37,280 --> 00:06:40,680 and my family migrated to the UK when I was five. 108 00:06:40,680 --> 00:06:43,000 We sought asylum here. 109 00:06:43,000 --> 00:06:44,040 Hello! 110 00:06:46,760 --> 00:06:49,520 How are you? I'm good. How are you? 111 00:06:49,520 --> 00:06:51,400 Something smells good. 112 00:06:51,400 --> 00:06:54,440 I've got an older sister and a younger brother, 113 00:06:54,440 --> 00:06:56,280 and I love them a lot. 114 00:06:56,280 --> 00:06:59,840 In Ethiopia, they say that hunger makes... A good meal. 115 00:06:59,840 --> 00:07:01,640 Yeah, a meal. 116 00:07:01,640 --> 00:07:05,280 So my dad's, like, really jovial and fun. 117 00:07:05,280 --> 00:07:08,000 My mum, she's into fashion. 118 00:07:08,000 --> 00:07:10,240 I always think she should be a blogger. 119 00:07:10,240 --> 00:07:13,280 She's got loads of clothes and she loves to cook. 120 00:07:13,280 --> 00:07:15,360 Chicken toes. Hmm. 121 00:07:15,360 --> 00:07:19,720 This is one of our traditional food for occasional time. 122 00:07:19,720 --> 00:07:21,960 Looks delicious. 123 00:07:21,960 --> 00:07:25,560 My parents didn't have easy lives and they wanted us to have security 124 00:07:25,560 --> 00:07:27,880 and they wanted more for us. 125 00:07:27,880 --> 00:07:31,040 Yeah, they're strongest people I know. 126 00:07:31,040 --> 00:07:33,000 These are my three gifts. 127 00:07:33,000 --> 00:07:35,640 The eldest one is Bethlehem, 128 00:07:35,640 --> 00:07:37,840 and that one's Natty 129 00:07:37,840 --> 00:07:40,560 and the middle one is Kalkidan. 130 00:07:40,560 --> 00:07:42,600 I call her Sanjo. 131 00:07:42,600 --> 00:07:46,640 The reason was that there was a film that we have seen, 132 00:07:46,640 --> 00:07:51,920 me and her mum, back in Ethiopia about a person called Sanjo. 133 00:07:51,920 --> 00:07:53,840 Mum, do you need a hand? 134 00:07:53,840 --> 00:07:57,920 He was trying to get more than anyone will expect him to get. 135 00:07:57,920 --> 00:08:03,040 That's why when we saw her growing up, then we said, 136 00:08:03,040 --> 00:08:05,360 Sanjo is the right name. 137 00:08:05,360 --> 00:08:09,040 This is Sanjo when she got her first degree 138 00:08:09,040 --> 00:08:11,840 in politics, philosophy and economics, 139 00:08:11,840 --> 00:08:15,280 and this is me when I was at University of Hull 140 00:08:15,280 --> 00:08:17,640 to do my master's. 141 00:08:19,480 --> 00:08:22,560 I feel like they gave up a lot for us. 142 00:08:22,560 --> 00:08:28,440 My parents have taken jobs in the UK that are below their skill sets. 143 00:08:28,440 --> 00:08:31,840 Mum, this looks amazing. I can't wait to get stuck in. 144 00:08:33,600 --> 00:08:37,120 My mum works as a hospital carer and cleaner, 145 00:08:37,120 --> 00:08:39,840 and my father works as a security guard. 146 00:08:39,840 --> 00:08:41,640 That's enough, yeah. 147 00:08:42,920 --> 00:08:44,480 This is very good. 148 00:08:44,480 --> 00:08:48,240 Yeah, I prepared yesterday, but I cooked this morning. 149 00:08:48,240 --> 00:08:50,840 When's the last time Dad cooked, Mum? 150 00:08:50,840 --> 00:08:52,600 This week. No, not this week. 151 00:08:52,600 --> 00:08:54,240 Oh, no, no! 152 00:08:56,680 --> 00:08:59,960 When we grew up, I thought my parents were the strictest parents 153 00:08:59,960 --> 00:09:04,360 in the world because they would make us study every day. So we'd finish 154 00:09:04,360 --> 00:09:07,840 school and have to go home and then do our two hours of studying 155 00:09:07,840 --> 00:09:09,400 every single day. 156 00:09:09,400 --> 00:09:14,920 But now I feel like they gave us, like, a foundation for understanding 157 00:09:14,920 --> 00:09:18,560 how to navigate the world, and I'm really grateful to them for that. 158 00:09:18,560 --> 00:09:21,840 Ask any African man, 159 00:09:21,840 --> 00:09:26,400 we have got two or three specific, you know, 160 00:09:26,400 --> 00:09:30,000 qualifications that we aspire our children to have. 161 00:09:30,000 --> 00:09:33,680 That is engineer, doctor, lawyer, 162 00:09:33,680 --> 00:09:38,200 but Kalkidan is a business owner. 163 00:09:38,200 --> 00:09:41,520 Now I will say what she did is better 164 00:09:41,520 --> 00:09:46,200 because I know from helping others, that makes her happy, 165 00:09:46,200 --> 00:09:49,120 which makes me happy and proud. 166 00:09:52,160 --> 00:09:56,600 I'm glad that we grew up with high expectations. Like, it was hard, 167 00:09:56,600 --> 00:10:00,120 obviously, but I'm glad that I'm, like, a resilient 168 00:10:00,120 --> 00:10:01,680 and capable person. 169 00:10:01,680 --> 00:10:05,640 Yeah. And that's because you guys have created a really lovely home 170 00:10:05,640 --> 00:10:10,080 for me and Beth and Nat. Yes, we will. 171 00:10:10,080 --> 00:10:13,320 We might have to admit we might have pushed you 172 00:10:13,320 --> 00:10:16,520 more than necessary 173 00:10:16,520 --> 00:10:21,960 because it's my fear, who will push my children in order 174 00:10:21,960 --> 00:10:26,000 to work hard because I don't want them to strike the West. 175 00:10:27,680 --> 00:10:30,200 For an immigrant person, 176 00:10:30,200 --> 00:10:33,200 a black woman - 177 00:10:33,200 --> 00:10:39,520 with this, very hard to put your feet in business. 178 00:10:39,520 --> 00:10:42,280 I know it's hard work. 179 00:10:42,280 --> 00:10:45,520 For sure, but I think, like, I've got... 180 00:10:47,600 --> 00:10:49,400 I've got a lot of support. 181 00:10:49,400 --> 00:10:51,160 Yeah, yeah. 182 00:10:51,160 --> 00:10:52,600 Don't cry. 183 00:10:52,600 --> 00:10:54,200 No, I'm fine. 184 00:10:54,200 --> 00:10:55,840 Everything will be fine. 185 00:10:55,840 --> 00:10:57,360 I'm good. 186 00:10:57,360 --> 00:11:01,680 I often wonder, like, why I've done business, because of course 187 00:11:01,680 --> 00:11:03,280 it's very risky. 188 00:11:03,280 --> 00:11:05,840 There have been many years where I have not had any money, 189 00:11:05,840 --> 00:11:08,840 and I think, for me, it's because, yeah, my family is just a rock 190 00:11:08,840 --> 00:11:13,000 and they're really stable and sound and risk-averse. 191 00:11:13,000 --> 00:11:15,800 So, yeah, they're wonderful. 192 00:11:21,800 --> 00:11:24,520 Shall we open the door today, get some fresh air? 193 00:11:24,520 --> 00:11:28,400 Yeah, we've all got jumpers. Yeah, yeah. 194 00:11:38,000 --> 00:11:41,440 I've literally brought a bag full of old clothes and just swapped, 195 00:11:41,440 --> 00:11:45,120 like, seven items, so I feel like I've got a new wardrobe now. 196 00:11:45,120 --> 00:11:47,800 Although I think my daughter's also choosing something for me! 197 00:11:50,160 --> 00:11:55,200 So I've got a Laura Ashley cardigan, old Gap dress 198 00:11:55,200 --> 00:11:57,640 which doesn't fit me any more. 199 00:11:57,640 --> 00:12:00,120 I just want it out of my wardrobe. 200 00:12:06,640 --> 00:12:09,040 You observe customers over time and you realise, OK, well, 201 00:12:09,040 --> 00:12:12,080 these customers are coming in and they're buying four or five 202 00:12:12,080 --> 00:12:15,440 of the same type of item, or maybe they're buying it each year 203 00:12:15,440 --> 00:12:17,960 and you have to ask the question, OK, well, what are they doing 204 00:12:17,960 --> 00:12:20,920 with what they've purchased before? 205 00:12:20,920 --> 00:12:24,080 But it's that kind of questioning that really led me to think 206 00:12:24,080 --> 00:12:27,120 about, what are the opportunities for the second life of the products 207 00:12:27,120 --> 00:12:28,800 that we sell? 208 00:12:33,280 --> 00:12:37,960 I've borrowed £50,000 in order to develop the pilot product 209 00:12:37,960 --> 00:12:40,760 for Shwap, which is essentially a web app. 210 00:12:40,760 --> 00:12:42,760 So, reselling clothes. 211 00:12:48,360 --> 00:12:51,120 Although there are lots of apps currently that you can resell 212 00:12:51,120 --> 00:12:53,680 clothes on, this platform is different. 213 00:12:53,680 --> 00:12:56,280 This platform could change the world. 214 00:13:00,560 --> 00:13:03,400 What I'm really passionate about is environmental progress, 215 00:13:03,400 --> 00:13:06,800 and the fashion industry is putting this huge weight on the planet 216 00:13:06,800 --> 00:13:09,400 because businesses overproduce. 217 00:13:09,400 --> 00:13:12,280 And the reason they overproduce is because they only make money 218 00:13:12,280 --> 00:13:14,160 when they sell new items. 219 00:13:14,160 --> 00:13:16,880 They make their profit on that initial sale. 220 00:13:16,880 --> 00:13:19,920 And the problem with that is, basically, there's finite resources 221 00:13:19,920 --> 00:13:23,320 on the world - like, there's only so much land to produce clothing. 222 00:13:23,320 --> 00:13:25,920 There's only so much water to dye jeans. 223 00:13:25,920 --> 00:13:28,520 And there's only so much land at the end of an item 224 00:13:28,520 --> 00:13:30,480 to put a garment into landfill. 225 00:13:33,000 --> 00:13:36,160 My ambition, what I hope, is that every high-street shop 226 00:13:36,160 --> 00:13:39,160 in the UK will use this platform for resale. 227 00:13:39,160 --> 00:13:43,080 So whenever a second-hand product sells on our marketplace, 228 00:13:43,080 --> 00:13:45,560 we pay brands a commission on that sale. 229 00:13:45,560 --> 00:13:49,000 What that means for high-street retailers is that they're going to 230 00:13:49,000 --> 00:13:52,600 earn profit in the secondary market as items are resold. 231 00:13:54,360 --> 00:13:57,360 So we're going to give her £5 store credit for the top. 232 00:13:57,360 --> 00:13:59,960 But we're going to sell these both on and then pay Lizzie 233 00:13:59,960 --> 00:14:02,080 the commission once we have done so. 234 00:14:02,080 --> 00:14:03,400 Thank you so much. 235 00:14:12,760 --> 00:14:16,400 So what we built is a way to integrate your purchases 236 00:14:16,400 --> 00:14:19,920 with your digital wardrobe, and if you want to resell, 237 00:14:19,920 --> 00:14:23,520 you already have the information of that product here for you 238 00:14:23,520 --> 00:14:26,280 and then you can set a price and list it 239 00:14:26,280 --> 00:14:29,600 onto the marketplace through a click of a button. 240 00:14:29,600 --> 00:14:31,960 So I brought a couple of things that had been just sitting 241 00:14:31,960 --> 00:14:34,080 in the bottom of my wardrobe. Yeah, it's gorgeous. 242 00:14:34,080 --> 00:14:35,720 We've got two options, really. 243 00:14:35,720 --> 00:14:39,880 We can manage the resale for you, or you could do it at home yourself. 244 00:14:39,880 --> 00:14:44,240 We hope over time to add other services like repairing 245 00:14:44,240 --> 00:14:46,760 and recycling and donating clothes there, as well. 246 00:14:46,760 --> 00:14:49,640 Is it specifically for clothes that I bought from here? 247 00:14:49,640 --> 00:14:51,840 No, that's the really exciting thing. 248 00:14:51,840 --> 00:14:53,520 We've built it so it could be universal. 249 00:14:53,520 --> 00:14:57,040 Yeah, it's so exciting to see people here and just get their feedback 250 00:14:57,040 --> 00:14:58,640 for the app. 251 00:14:58,640 --> 00:15:02,080 Basically, what we're trying to do now is raise money in order 252 00:15:02,080 --> 00:15:04,320 to take our product to market 253 00:15:04,320 --> 00:15:07,240 and hope that we can attract people to it. 254 00:15:23,040 --> 00:15:25,920 Today, I'll be pitching to 200 investors. 255 00:15:25,920 --> 00:15:28,080 It's going to be an online Zoom pitch... 256 00:15:28,080 --> 00:15:29,520 Hi. 257 00:15:29,520 --> 00:15:33,240 ..and we've come here to the science park to some offices to get super 258 00:15:33,240 --> 00:15:34,600 practised and prepared. 259 00:15:34,600 --> 00:15:36,240 Wish me luck. 260 00:15:36,240 --> 00:15:38,280 So the pitch is at 11.30. 261 00:15:38,280 --> 00:15:41,480 That just gives us an hour to go through the slide deck, 262 00:15:41,480 --> 00:15:43,120 do a spell check. 263 00:15:43,120 --> 00:15:46,960 What we're going to do is give away a percentage of our company 264 00:15:46,960 --> 00:15:49,120 in return for some cash. 265 00:15:49,120 --> 00:15:52,520 Within the next three months, I'd like us to have raised £300,000 266 00:15:52,520 --> 00:15:54,800 and then within the next six months, 267 00:15:54,800 --> 00:15:59,200 I'd like us to have closed in the million pound. 268 00:15:59,200 --> 00:16:01,520 Hi, guys. So, as I said in my post today, 269 00:16:01,520 --> 00:16:03,280 this is the launch of our campaign. 270 00:16:03,280 --> 00:16:05,960 We're raising £300,000 and we're going to turbo boost 271 00:16:05,960 --> 00:16:07,640 circularity in retail. 272 00:16:07,640 --> 00:16:10,160 So send me positive vibes, please. 273 00:16:10,160 --> 00:16:12,120 Bye! 274 00:16:12,120 --> 00:16:14,360 So this is for our Instagram followers. 275 00:16:14,360 --> 00:16:17,280 You know, we have thousands of customers who... Believe in you. 276 00:16:17,280 --> 00:16:18,840 ..who believe in us. 277 00:16:18,840 --> 00:16:21,600 That money is going to allow us to build the core team that we need. 278 00:16:21,600 --> 00:16:24,640 So we're going to hire a marketing person, a salesperson, 279 00:16:24,640 --> 00:16:27,800 some more product developers, some software engineers. 280 00:16:27,800 --> 00:16:29,880 This is a slide that I added at the end. 281 00:16:29,880 --> 00:16:33,120 Currently, our technology can integrate with 200,000 stores, 282 00:16:33,120 --> 00:16:35,120 but with this investment we'll be able to connect 283 00:16:35,120 --> 00:16:37,680 with any store in the UK. 284 00:16:37,680 --> 00:16:39,600 Well, I'm going to practise a pitch to you. 285 00:16:39,600 --> 00:16:41,480 Then I'll time myself as well 286 00:16:41,480 --> 00:16:43,480 because it needs to be under five minutes. 287 00:16:43,480 --> 00:16:46,960 The current model of retail in business isn't working. 288 00:16:46,960 --> 00:16:49,160 This is so important for us. 289 00:16:49,160 --> 00:16:53,080 If investors think this is a good business model, 290 00:16:53,080 --> 00:16:57,920 I'm so confident we will raise what we need and more. 291 00:16:57,920 --> 00:17:00,720 So, yeah, so I guess I've got to do a good job! 292 00:17:00,720 --> 00:17:02,400 Six minutes. 293 00:17:02,400 --> 00:17:04,080 We need to get it down by, like, one minute. 294 00:17:13,760 --> 00:17:17,080 Don't, leave, get out, get out, don't disturb me. 295 00:17:21,280 --> 00:17:23,080 OK. 296 00:17:25,280 --> 00:17:26,760 Hi. 297 00:17:26,760 --> 00:17:28,520 Hi, there. How are you? How are you doing? 298 00:17:28,520 --> 00:17:29,760 Yeah, really well, thank you. 299 00:17:29,760 --> 00:17:32,280 We're going to be, you know, very soon so numbers wise, 300 00:17:32,280 --> 00:17:34,000 you had 200 registered for the session. 301 00:17:34,000 --> 00:17:35,880 So we will... No pressure, then! 302 00:17:35,880 --> 00:17:37,880 Can we just check the sound levels 303 00:17:37,880 --> 00:17:40,120 on the emergency backup video? 304 00:17:40,120 --> 00:17:42,400 Yeah, here we go. 305 00:17:42,400 --> 00:17:44,680 This meeting is being recorded. 306 00:17:50,320 --> 00:17:53,200 She's only got five minutes, 307 00:17:53,200 --> 00:17:59,360 and she could talk about it for an hour, so just need to keep calm. 308 00:17:59,360 --> 00:18:02,000 Yeah, she'll be fine. 309 00:18:02,000 --> 00:18:04,560 Final pitch today is from Kalkidan. 310 00:18:04,560 --> 00:18:09,520 Kalkidan, if could come on to camera and share your screen. 311 00:18:09,520 --> 00:18:11,680 Yes. 312 00:18:11,680 --> 00:18:13,440 Switch your camera on. 313 00:18:13,440 --> 00:18:15,200 Hello. Hello, everybody. 314 00:18:16,960 --> 00:18:18,720 Yeah, my name is Kalkidan. 315 00:18:18,720 --> 00:18:21,760 I'm... What? 316 00:18:21,760 --> 00:18:23,120 Hello? 317 00:18:28,840 --> 00:18:31,720 Yep, the worst possible thing has happened! 318 00:18:31,720 --> 00:18:34,040 Did you sign out? Yep. 319 00:18:34,040 --> 00:18:37,040 I think Kalkidan accidentally left the room. 320 00:18:37,040 --> 00:18:39,040 Like, how did that happen? 321 00:18:40,960 --> 00:18:42,920 We've actually just launched... 322 00:18:42,920 --> 00:18:44,560 So they're playing the pitch recording. 323 00:18:44,560 --> 00:18:47,560 It was recorded earlier, just in case 324 00:18:47,560 --> 00:18:50,120 of any technical difficulties. 325 00:18:50,120 --> 00:18:53,200 In their digital catalogue, users can get itemised information... 326 00:18:53,200 --> 00:18:55,480 I don't know what happened. 327 00:18:55,480 --> 00:18:59,240 I think I turned off my Zoom, like some sort of Zoom novice, 328 00:18:59,240 --> 00:19:02,640 as though I haven't been on Zoom every single day for two years. 329 00:19:02,640 --> 00:19:04,240 So our team has found... 330 00:19:04,240 --> 00:19:06,160 It's just a shame because obviously 331 00:19:06,160 --> 00:19:09,240 he pitch has developed a lot since we recorded last week, 332 00:19:09,240 --> 00:19:10,920 and...yeah. 333 00:19:12,360 --> 00:19:16,080 ..hundreds of thousands of products and seen many of them listed... 334 00:19:16,080 --> 00:19:18,040 That's all we've got time for, obviously. 335 00:19:18,040 --> 00:19:21,280 So thank you to everyone that's pitched today. 336 00:19:24,280 --> 00:19:27,520 And the reason that I think I closed it is because I really was trying 337 00:19:27,520 --> 00:19:30,360 not to run over so I was turning on my phone timer. 338 00:19:30,360 --> 00:19:34,320 When I clicked at my phone time and pressed the back button 339 00:19:34,320 --> 00:19:36,600 and then I exited the same call! 340 00:19:38,160 --> 00:19:41,920 Oh, my goodness, I'm so stupid! 341 00:19:43,320 --> 00:19:46,040 Yeah, I think... Well, I think we're done. 342 00:19:46,040 --> 00:19:47,920 I think actually they need this office room. 343 00:19:47,920 --> 00:19:50,520 So I think we've got to pack up and go, yeah. 344 00:19:50,520 --> 00:19:52,160 Come on, let's bounce. 345 00:19:52,160 --> 00:19:54,600 Yeah, let's go. OK. Bye! 346 00:20:04,760 --> 00:20:07,840 That pitch was a bit of a disaster, 347 00:20:07,840 --> 00:20:11,280 but you're constantly on a learning curve because as soon as you've 348 00:20:11,280 --> 00:20:13,880 figured something out, you have to figure out the next thing 349 00:20:13,880 --> 00:20:15,320 to keep pushing forward. 350 00:20:15,320 --> 00:20:17,360 So that's everyone's first outfit. 351 00:20:17,360 --> 00:20:19,800 All right, let me get changed. 352 00:20:19,800 --> 00:20:22,840 So today we're here on a photo shoot with capturing content 353 00:20:22,840 --> 00:20:24,720 for our autumn/winter launch. 354 00:20:24,720 --> 00:20:26,520 The content is going to go across our social media, 355 00:20:26,520 --> 00:20:28,240 on our website. 356 00:20:28,240 --> 00:20:32,200 I am going to be modelling today, which is exciting. 357 00:20:32,200 --> 00:20:34,760 So we're going to do some serious posey ones. 358 00:20:34,760 --> 00:20:38,720 But then I want to do some more, like, smiley, candid shots as well. 359 00:20:38,720 --> 00:20:41,080 Yeah, gorgeous. Great. 360 00:20:41,080 --> 00:20:46,520 Do we have the wind speed for the blowing hair? 361 00:20:46,520 --> 00:20:48,440 Yeah, maybe. Or I'll blow on you! 362 00:20:52,120 --> 00:20:54,520 I feel kind of shy modelling the clothes. 363 00:20:54,520 --> 00:20:56,040 Being in front of the camera 364 00:20:56,040 --> 00:20:58,040 is something that always makes me a bit nervous. 365 00:20:58,040 --> 00:20:59,400 Oh, my goodness. 366 00:20:59,400 --> 00:21:01,240 I'm stuck. 367 00:21:01,240 --> 00:21:04,920 But I really want people who, you know, aren't a size ten 368 00:21:04,920 --> 00:21:08,560 and who are brown, to see the clothes on them. 369 00:21:08,560 --> 00:21:10,360 I'm all of those things, 370 00:21:10,360 --> 00:21:12,720 so I think, you know, I might as well get in front of the camera 371 00:21:12,720 --> 00:21:14,440 and be a part of the shoot as well. 372 00:21:14,440 --> 00:21:15,720 Nice, guys. 373 00:21:17,200 --> 00:21:19,320 People love to see Kalkidan wearing the clothes. 374 00:21:19,320 --> 00:21:21,560 She's actually, like, really honed her modelling skills 375 00:21:21,560 --> 00:21:25,400 since her first, like, few snaps on Insta. 376 00:21:25,400 --> 00:21:26,840 I quite like that. 377 00:21:26,840 --> 00:21:28,840 If you all look up, it's really nice. 378 00:21:30,880 --> 00:21:32,720 Perfect. Perfect. 379 00:21:32,720 --> 00:21:34,680 Although we've got a bricks-and-mortar store 380 00:21:34,680 --> 00:21:37,040 here in Exeter, most of our business is online. 381 00:21:37,040 --> 00:21:38,760 That's a great photo. 382 00:21:38,760 --> 00:21:44,680 So we post images of our clothes on Instagram, Twitter, Pinterest. 383 00:21:44,680 --> 00:21:46,720 Where do you want me? 384 00:21:46,720 --> 00:21:49,160 Are we thinking Kalkidan in the middle? 385 00:21:49,160 --> 00:21:53,120 Yeah. Get my best side. 386 00:21:54,320 --> 00:21:56,880 And we use our channels to tell potential customers 387 00:21:56,880 --> 00:22:00,600 that we're really passionate about environmental progress, 388 00:22:00,600 --> 00:22:02,440 social progress, 389 00:22:02,440 --> 00:22:04,520 as much as we're passionate about fashion. 390 00:22:04,520 --> 00:22:07,120 A little bit more movement, I think. 391 00:22:07,120 --> 00:22:09,680 Hands in the grass are always nice here, 392 00:22:09,680 --> 00:22:12,120 like the beginning of Gladiator! 393 00:22:13,800 --> 00:22:16,800 What we're trying to do is show people a lifestyle that would 394 00:22:16,800 --> 00:22:19,520 benefit them as well as ourselves. 395 00:22:19,520 --> 00:22:21,600 What we don't want is for people to think of us 396 00:22:21,600 --> 00:22:25,240 as, like, this really aspirational, not-attainable brand. 397 00:22:25,240 --> 00:22:28,120 The more they relate, the more they buy. 398 00:22:30,240 --> 00:22:33,000 Social media is hugely important to our business model. 399 00:22:33,000 --> 00:22:36,480 It can drive over 50% of our business through the web store 400 00:22:36,480 --> 00:22:38,400 and through our shop. 401 00:22:38,400 --> 00:22:41,880 This could generate, I guess, 402 00:22:41,880 --> 00:22:46,040 numerically, a good, like, £40,000 £50,000 worth of sales for us. 403 00:22:47,920 --> 00:22:50,800 Oh, that looks great. 404 00:22:50,800 --> 00:22:52,360 Oh, yeah. Yeah. 405 00:22:52,360 --> 00:22:54,760 Kalkidan, if we could get you, have the brand on brand? 406 00:22:54,760 --> 00:22:56,080 Sure, sure. 407 00:22:56,080 --> 00:22:58,280 There is a bedsheet there. 408 00:22:58,280 --> 00:23:00,960 Could you hold these, and then I'll take the blind tests? 409 00:23:00,960 --> 00:23:03,360 My clothes horse. 410 00:23:03,360 --> 00:23:06,560 Just have to keep a look out for me. OK. 411 00:23:06,560 --> 00:23:12,160 It's funny because it's like, let's find a discreet place to change. 412 00:23:12,160 --> 00:23:15,600 The only thing I'm missing is a mirror. 413 00:23:15,600 --> 00:23:18,960 Well, this is what good boyfriends do on tests. 414 00:23:20,760 --> 00:23:22,200 OK, I'm done. 415 00:23:24,480 --> 00:23:26,920 That's cute. 416 00:23:26,920 --> 00:23:28,840 Yeah, I feel like it's been a good shoot. 417 00:23:28,840 --> 00:23:31,520 Can you, like, do some looking back? 418 00:23:31,520 --> 00:23:33,360 We'll see the photos on Monday, 419 00:23:33,360 --> 00:23:36,440 pick out the ones that we really like, and then start telling some 420 00:23:36,440 --> 00:23:39,280 content stories over the next couple of weeks. 421 00:23:39,280 --> 00:23:40,720 So let's do a selfie. 422 00:23:43,080 --> 00:23:44,760 I'll take, like, 50. Yeah! 423 00:24:02,000 --> 00:24:05,040 To create a business, it's a full-time job. 424 00:24:07,680 --> 00:24:12,680 Splitting my week between the store and looking for potential investors. 425 00:24:17,760 --> 00:24:21,240 Networking is really important for us to find people who potentially 426 00:24:21,240 --> 00:24:22,680 could invest in the company. 427 00:24:23,760 --> 00:24:26,800 You know, nervousness and excitement are like the same emotion 428 00:24:26,800 --> 00:24:29,600 or the same chemical. Are they? Yeah. 429 00:24:29,600 --> 00:24:33,280 So, yeah, we've got to, like, learn to trick ourselves into thinking 430 00:24:33,280 --> 00:24:36,960 all of our nervousness is actually excitement, yeah. 431 00:24:36,960 --> 00:24:38,960 Thank you. Thank you. 432 00:24:40,400 --> 00:24:43,480 This will be, I guess, the first type of thing 433 00:24:43,480 --> 00:24:45,280 like this that we've been to. 434 00:24:45,280 --> 00:24:47,760 Our resale marketplace pays brands 435 00:24:47,760 --> 00:24:50,480 as their customers resell products... 436 00:24:50,480 --> 00:24:52,480 I've got to, like, really present the businesses 437 00:24:52,480 --> 00:24:54,680 well and do a good job. 438 00:24:55,840 --> 00:24:58,480 Hi, we're here for the Tech Nation. 439 00:24:58,480 --> 00:25:00,880 What's your name? Kalkidan Legesse, with a K. 440 00:25:00,880 --> 00:25:03,880 We'll go up, shall we? Yeah. 441 00:25:03,880 --> 00:25:06,080 Let's do this, OK. 442 00:25:06,080 --> 00:25:08,400 Honestly, I literally have forgotten everything 443 00:25:08,400 --> 00:25:10,080 about my business right now! 444 00:25:10,080 --> 00:25:12,160 I can't remember anything that I have to say. 445 00:25:12,160 --> 00:25:14,440 It will come back. I think so, yeah. 446 00:25:18,840 --> 00:25:21,880 So we connect brands to the secondary market of their products. 447 00:25:21,880 --> 00:25:24,520 OK. And we pay them as customers resell their stuff. 448 00:25:24,520 --> 00:25:26,960 You know, we're trying to prevent things from being thrown away. 449 00:25:26,960 --> 00:25:30,040 I've got to check it out. Oh, let me give you a card. OK. 450 00:25:30,040 --> 00:25:31,920 You've come prepared. Yeah. 451 00:25:31,920 --> 00:25:34,320 Hello? Hi? 452 00:25:34,320 --> 00:25:35,960 Can everyone, like, sit down? 453 00:25:36,960 --> 00:25:38,920 So, like, welcome. 454 00:25:38,920 --> 00:25:39,920 Yeah. 455 00:25:41,120 --> 00:25:46,160 Can I just say, like, we've probably got the most diverse cohort ever. 456 00:25:46,160 --> 00:25:48,440 We found two companies in Scotland, even. 457 00:25:48,440 --> 00:25:50,640 Amazing! LAUGHTER 458 00:25:50,640 --> 00:25:53,560 To be in a room full of people, like, similar age, 459 00:25:53,560 --> 00:25:57,160 similar background, doing some really exciting things and business, 460 00:25:57,160 --> 00:25:58,560 things like that just make you feel 461 00:25:58,560 --> 00:26:02,760 like your journey is more attainable because you see, you know, 462 00:26:02,760 --> 00:26:05,720 individuals who come from the same background as you. 463 00:26:17,200 --> 00:26:19,280 Hello, everyone, my name is Kalkidan, 464 00:26:19,280 --> 00:26:23,120 this is Vidmantas, and we're just, yeah, super excited to be here. 465 00:26:23,120 --> 00:26:27,800 Like, it's really hard when you are a black women in business. 466 00:26:27,800 --> 00:26:31,720 Too often, a lot of people were seeing me at meetings, 467 00:26:31,720 --> 00:26:35,200 like, I'll be the first professional business owner 468 00:26:35,200 --> 00:26:37,480 that they've come across who's also a black woman. 469 00:26:37,480 --> 00:26:39,600 The second-hand market is the fastest-growing... 470 00:26:39,600 --> 00:26:42,440 I've come from a community that is vulnerable, 471 00:26:42,440 --> 00:26:46,400 but I know how powerful I am. 472 00:26:46,400 --> 00:26:50,680 What I would like is for me to be able to live with as much ease 473 00:26:50,680 --> 00:26:52,200 as white men. 474 00:26:53,880 --> 00:26:56,360 I guess that's the... That's the goal. 475 00:26:57,560 --> 00:26:58,800 Thank you. 476 00:26:58,800 --> 00:27:00,560 Thank you, thank you. 477 00:27:02,720 --> 00:27:04,080 CHATTER 478 00:27:08,440 --> 00:27:11,920 What we're really hoping is to describe to the top high-street 479 00:27:11,920 --> 00:27:16,000 brands, "Here's a really simple way for you to make more money 480 00:27:16,000 --> 00:27:17,400 "on products you've already sold." 481 00:27:17,400 --> 00:27:21,160 That is the best thing that a retailer can hear, right? 482 00:27:21,160 --> 00:27:22,480 Yeah, yeah. 483 00:27:25,160 --> 00:27:27,520 I just love the proposition. 484 00:27:27,520 --> 00:27:30,240 It's a win-win, both for the customer and the retailer, 485 00:27:30,240 --> 00:27:32,280 and also the planet and all the stakeholders 486 00:27:32,280 --> 00:27:35,080 that go along with making that garment possible, 487 00:27:35,080 --> 00:27:39,160 so I'm really rooting for her and I can only expect 488 00:27:39,160 --> 00:27:41,000 great success from what she's doing. 489 00:27:42,360 --> 00:27:43,840 Cheers. Cheers. 490 00:27:57,360 --> 00:28:01,760 We've managed to have 100,000 of our 300,000 target committed 491 00:28:01,760 --> 00:28:03,360 already, which is really exciting. 492 00:28:03,360 --> 00:28:04,880 And, yeah, I'm really confident 493 00:28:04,880 --> 00:28:07,320 that by the end of the year, we'll have raised the rest, 494 00:28:07,320 --> 00:28:09,440 which is great, which is really cool. 495 00:28:09,440 --> 00:28:10,760 Thanks very much. Bye, dear. 496 00:28:10,760 --> 00:28:11,920 Thank you. 497 00:28:11,920 --> 00:28:13,280 Running a business is hard. 498 00:28:13,280 --> 00:28:15,680 These past couple of years has been really challenging. 499 00:28:15,680 --> 00:28:18,160 And people are finding the bodysuits as well? Yeah, yeah. 500 00:28:18,160 --> 00:28:19,840 But I've bossed it to this level. 501 00:28:19,840 --> 00:28:21,920 I've proved that we know what we're doing. 40476

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