Up and coming lingerie companies are increasingly using crowdfunding to back their collections. Like all kickstarter campaigns, these companies aren’t just launching a product — they’re launching a brand. And by using crowdfunding, they are allowing consumers to “talk back” to the lingerie industry.
A number of new brands with a lot of industry buzz have secured funding for first and second collections through Kickstarter, among them Ampere, BlackBird Underpinnings (selected as “One to Watch” at Lingerie Fashion Week A/W 2014), Naja (which did two successful campaigns), Najla, Rachel Rector, Angela Friedman, and Relique. San Francisco-based designer Filiz Rezvan is the latest luxury lingerie startup to go the Kickstarter route (full disclosure: I’m backing them — I love their aesthetic and am a strong believer in startups that stay local).
So, why go the Kickstarter route and eschew traditional funding through banks, venture capitalists, and angel investors? Aside from the fact that Kickstarter can be quicker (barring the time it takes to finish the product prototype and make the movie widely considered essential to a successful campaign), there’s one key component that Kickstarter has built into its system.
By and large, these designers are doing business differently. They are small businesses with strongly articulated visions that resonate with consumers who want their purchases to mean something and would rather not shop at big chains, where it’s not clear where the money goes, who the business supports, or where the materials come from.
Crowdfunding facilitates easy communication between creators and backers, who are often existing or potential customers. Creators can quickly and clearly share their vision, which in the case of lingerie designers often includes keeping it local (e.g. Filiz Rezvan, who wants to train local San Francisco seamstresses and do business family-style) but can also have a more global scope (e.g. Naja’s founder, Columbian-born Catalina Girald, brought her company to Columbia in order to give a livelihood to single moms). When the vision is clear, potential backers are empowered in the opportunity to put their money where their mouth is. Put simply, it feels good to support people who do business in a way you can respect.
The best Kickstarter campaigns foster a sense of transparency between creators and backers. A number of these brands, perhaps most notably Ampere, have tapped into lingerie buyers’ dissatisfaction with current industry practices. The simple takeaway from Ampere’s campaign was that lingerie buying should not be as hard (or expensive) as it is. Ampere provides an enormous range of sizes (which are clearly explained), sends multiple sizes for home try on in the mail, and then gives free shipping and returns. It’s an easy message for backers to get behind.
When vision and transparency come together, it’s a recipe for success. BlackBird Underpinnings packed a lot of information into their video that (successfully) sought funding for their first collection. The creators shared their design background, how they met, their frustration with the fashion industry, how their product answered those frustrations, and key questions like how and where their collection was being made (locally at a factory in San Francisco), all offset by beautiful shots of models walking around in pieces from their “Maven” collection to the lilting sounds of old music from the 1920s — all in under four minutes.
Kickstarter isn’t just about giving people the chance to invest in a cool product; it’s about giving them the chance to feel like they’re a part of something. And with an industry as frustrating and obscure as lingerie (and fashion, generally), giving people something a little bit different, that resonates with them on a personal level, makes all the difference.