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Finroo is a high-end apparel
company enabling fashion conscious consumers to purchase limited edition
clothing designed by a worldwide network of graphic artists. Our online platform gives consumers
access to thousands of designs and enables artists to increase visibility and
sell their work as wearable art.
The custom online apparel market is in its early stage with little differentiation between competitors. With Finroo’s limited edition branding, high quality products and top tier artists, customers will see no reason to spend their money elsewhere. Recognizing the importance of branding and buzz, Finroo has already demonstrated its appeal to influence leaders in its target market with articles in internet publications like Thrillist (300K monthly hits), Clothingwire and T shirt Magazine (8k monthly hits each). Our first product is a limited edition Bamboo shirt which has its actual number of print inside the shirt.
Eric Yohay, President - Prior to Finroo, Eric
launched Orecovery an asset recovery management company specializing in
assisting distribution companies with their stressed assets. It is there where he worked on “getting
product paid for and shipped” as well as learning and testing the fundamentals
of e-commerce.
Christopher Curwen, Director of Artist
relations - Blake Curwen has an award winning business development background,
with additional experience as a consultant and project manager. He has worked in
telecom, logistic, and medical devices, and plans to become an E-commerce
guru... All in due time.
Kevin Sandhu, Head Operations Manager - Kevin
is a recent MBA graduate from Babson College, who has strong skills in
marketing, sales and operations. He believes his skill set and interest in
urban fashion combined with Finroo’s offerings will lead to success.
Finroo allows artists to upload artwork for
consumers to purchase. Once a consumer purchases
a product, a $4 commission is given to the artists, $1 is written off to the
charity and the remainder is our profit minus our COGS. All products
are made to order and we print on demand.
Our go to market strategy has been targeting
two groups, artists and consumers. Artists are given all the
tools for self promotion and consumers are targeted through:
1) Blog/PR/newsletters buzz – Finroo has
seen a positive ROI in any newsletter mention and positive traffic and sales
from blog referrals. We are
currently contacting Bloggers to work in paid advertising and contest
sponsoring.
2) Affiliate resellers – Finroo
has seen a spike in traffic as we use our affiliate program. Incentives and tools are in place to make this a profitable sales arm.
3) Artists self promotion – In
addition to purse amount given to artists as a form of compensation, we update
and educate our talent pool weekly.
4) Accessing targeted
demographics through the use of collaborations and promotions – By creating
targeted co-marketed events, we have seen an influx of users as well as sales.
Category Killers – CafePress, zazzle, redbubble, spreadshirt. These
companies use new printing technologies to be able to print on demand but by
allowing all categories and artist levels and lacking social collaboration,
consumers have to go through countless pages to find something they would
purchase.
Ongoing design competitions – Threadless, Popdeck, desired hearts, design by
humans. These companies almost always sell out of their top products but
by only utilizing the top 1% they miss 99% of their user submissions.
Finroo is different
By combining the printing technologies of the category killers and social media
display system of the ongoing design competition plus an incentive model for
selling out SKUs, Finroo capitalizes on the best of both worlds. This
provides an immense value for our artists (inputs) and customers (outputs)
resulting in one thing: profits