Company description
At our simplest, we are the original Netflix for neckties. What we offer is a monthly service, where members choose to have either 1,3,5, or 10 spots available in their online closet. We allow our members access to hundreds of different ties each month to fill these spots. Shipping is free both ways, with all necessary packaging already provided. When you'd like to exchange for a new tie, just send one or all of them back- and you can do this an unlimited number of times each month. We'll send our ties from our door to yours in 3 days or less, and members always have the option to keep the ties they like most. Since our inception in November 2011, we've grown to now ship over 1,800+ packages a month. Our users are loving our service too, as we've been able to achieve a 96% retention rating among members.
We carry top brands such as Burberry, Armani, and Brooks Brothers, but the real strength is in our direct partnerships. We work with great smaller tie companies, such as Mosaic, to provide them with a location for distribution and in turn, receive product at a highly-discounted price. But Tie Society isn't done yet- we're selling the full look of style to young, aspirational men. While we currently carry ties, pocket squares and cufflinks, our service is expanding to include other accessories and apparel. Curated outfit selections/fashion advice, member discounts for our partners's products, and item recommendations are all established in the new version of our site- launching within the month of September. Ties are just the beginning- soon Tie Society will be able to connect you with the resources to complete the full outfit at the lowest cost possible.
That being said, ties are still a huge market, and are growing in popularity each day. We'd like to refer to it as the "Mad Men" effect. We've heard that their are well over 5 million jobs in the US that still require guys to wear a suit and tie Monday through Friday. Beyond that you have weddings, job interviews, dates, bar mitzvah's, etc... The US is just a beginning for us- we're constantly being told to set up shop in London or Japan and with your help we'll get there!
For the month of September, Tie Society has been officially partnered with the Prostate Cancer Foundation in their efforts to end prostate cancer. For more than 16 million men and their families fighting prostate cancer globally, the PCF is a primary source for new research information. Tie Society will be donating 50% of all the money we receive from new members using the promotional code "BLUETIE"-which will give them a special discount as well. Join us this Thursday, September 20th, for our inaugural Blue Tie Day event by wearing a blue tie at your office. Wear one of ours or one of your own, as long as you're wearing a blue tie to show your support for prostate cancer awareness.
Competitive advantage
We've been doing this for longer and our service simply works much better. We have an expansive stock of ties, and are adding more each day. While competitors do exist, we are confident in our team's abilities- as well as our moves to expand into offering customized style advice and curation. Ties are just the beginning...keep checking back as a major shakeup is headed soon.
Team
Zac Gittens, Co-Founder and CEO- Went to Bowdoin College and previously worked at IBM and UBS. Zac helps to provide a fantastic vision for the brand, and excels when in a team managment role. When someone has to speak to investors or the media, Zac is our man. He's worn ties for all of his life and can also dunk.
Otis Collins II, Co-Founder and COO- Attended University of Wisconsin, then went on to dominate the Washington DC political scene by working in nonprofit management and for the Office of the Mayor. Without Otis, Tie Society would be a failure. From dealing with customer assistance requests to filling our orders- Otis provides the strength we needed to ensure our daily operations run smoothly. He'll be getting married soon and is currently working on growing quite a nice beard.
Jake Kuczeruk, Head of West Coast Operations and Marketing/Community Management- Proud Indiana University graduate who worked with fellow 500 Startups seed company Console.FM in 2010. Jake is a man of many hats-taking on operations, sales, marketing, community management, intern managment, PR, and filling out online Vator contest profile roles too. The guy is a trivia wiz too, with specialities in music, film, and antique metal lunchboxes.
Interns- We have many- including Tony Zhang our lead who will be attending UC Davis this fall.
Business model
Rent ties and other men's accessories on a monthly basis. Our ties are always available for purchase at a discount, and within the month our website/online store will be changing significantly. We offer diverse membership plans, curate style decisions, and partner with supporting companies to help complete the outfit.
Competitive advantage
We've been doing this for longer and our service simply works much better. We have an expansive stock of ties, and are adding more each day. While competitors do exist, we are confident in our team's abilities- as well as our moves to expand into offering customized style advice and curation. Ties are just the beginning...keep checking back as a major shakeup is headed soon.
Investors
Dave McClure likes to hang out with entrepreneurs, and occasionally help or invest in their start...
This investor has confirmed their investment.