Faire, an online marketplace that gives local retailers a way to buy in bulk from independent brands around the world, launched in 2017. This means the company recently is valued at $12.59 billionhas been dealing with the impact of the COVID-19 pandemic for roughly half of its life.
The start-up company had to not only navigate its own business, but also help your customers survive unprecedented supply chain disruptions and adapt to new normals. Faire currently connects its customer base with 500,000 retailers and 70,000 brands. Despite the challenges, the startup has done well during the pandemic. Between October 2020 and May 2022its valuation increased by about $10.1 billion.
This success in the face of an extremely challenging macro environment is just one of the reasons we are excited that Jeff Colovson, co-founder and COO of Faire, and Kirsten Green, supporter of Faire and founding and managing partner at Forerunner Ventures, will join us for a fireside chat on stage at TechCrunch Disruptwhich takes place October 18–20 in San Francisco.
We are curious about the company’s business model and its ability to sustain rapid growth in such a turbulent time. We’ll also explore how Faire customers have adapted to pandemic-related challenges, such as supply chain disruptions, and find out the company’s take on the future of retail and learn what’s next for the growing decacorn.
Jeff Colovson, Faire’s founding partner, has rejoined the company as COO after a period leading growth and operations at Opendoor. Prior to co-founding Faire, Colovson held various leadership positions at Square, where he worked in product, business development, marketing, analytics and business operations.
In college, Colovson started Evolving Vox, a rental furniture company that sold at a profit after two years of operation.
Kirsten Green launched San Francisco-based Forerunner in 2010, where she serves as managing partner. She has led efforts to raise over $2.3 billion from leading institutional investors, and the firm has invested in more than 100 companies.
Greene currently serves on the board of several portfolio companies, including Faire, Glossier, Ritual, The Yes, Prose, Hims & Hers, and Curated. She is also on the board of retail giant Nordstrom.
The investor has been included in Time’s 100 Most Influential People, NYT’s 20 Best Venture Capitalists, Forbes’ Midas List and Forbes’ 100 Most Powerful Women in the World.
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