The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: How SHEIN Got So Big So Fast: Behind the Scenes at One of the Fastest Growing Companies in History with Donald Tang, Executive Chairman @ SHEIN
30 Sep 2024
Full Episode
If you want your business to thrive on a global scale, you have to become a local community business. In Great Britain, you want to be a UK company. You want to be part of the fabric. You don't want to be some company parachuting in just making money. That's not the trend anymore. You are profitable. You are growing insanely fast. Customers love the products. Why IPO?
We wanted to embrace public diligence. We operate in more than 150 countries. Once you're a public company, transparency is no longer an option. It is a responsibility.
How do you answer the question that people always ask, which is that you are bad for the climate? Today's show is the show that every journalist wants. Shein is one of the fastest growing companies in history, $32.5 billion in revenue, 100 million shoppers, and 1 million items produced per day.
There are so many questions to ask, and today we sit down with Shein's executive chairman, Donald Tang, for his first ever podcast episode. But before we dive in, this episode is presented by Brex, the financial stack founders can bank on. Brex knows that nearly 40% of startups fail because they run out of cash, so they built a banking experience that takes every dollar further.
It's a stark difference from traditional banking options that leave your cash sitting idle while chipping away at it with fees. To help you protect your cash,
and extend your runway brex combined the best things about checking treasury and fdic insurance in one powerhouse account you can send and receive money worldwide at lightning speed you can get 20x the standard fdic protection through program banks and you can earn industry leading yield from your first dollar while still being able to access your funds anytime brex is a top choice for startups in fact it's used by one in every three startups in the us
To join them, visit brex.com slash startups. And finally, let's talk about Squarespace. Squarespace is the all-in-one website platform for entrepreneurs to stand out and succeed online.
Whether you're just starting out or managing a growing brand, Squarespace makes it easy to create a beautiful website, engage with your audience, and sell anything from products to content, all in one place, all on your terms. What's blown me away is the Squarespace Blueprint AI and SEO tools.
It's like crafting your site with a guided system, ensuring it not only reflects your unique style, but also ranks well on search engines. Plus, their flexible payment options cater to every customer's needs, making transactions smooth and hassle-free. And the Squarespace AI? It's a content wizard, helping you whip up text that truly resonates with your brand voice.
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