Daily Archives: April 20, 2018

Chris Burch Urges Entrepreneurs and CEOs To Be Philanthropic:

Chris Burch recently had some interesting things to say about how philanthropy is very important for entrepreneurs and CEOs. Philanthropy is so important for entrepreneurs because responsibility comes along with money. Three million children under age five die every day for various reasons related to poverty. A lot of the U.S.’s top CEOs earn as much as 300 times beyond what the average employee earns. With this comes a great social responsibility. Chris feels that CEOs like Bill Gates have been great models of how to act. Today’s CEOs do seem to understand the charitable power they have and embrace it. Having a philanthropic spirit is quite honestly just good for business as well as it is always a good look for a company to project.

According to Chris, philanthropy is a way of “investing into society.” Many CEOs today believe in building portfolio’s based on social impact. These showcase their business’s drive to respond to its community’s needs. A great example of this that Chris lists are Elon Musk’s donations of millions to research areas that revolve around space exploration. There is research that suggests that making sure your company is philanthropic plays a large role in its ability to attract the best young talent available. Many in the millennial generation want to use their abilities for good.

Philanthropy is also valuable in improving a business’s position financially. The estimates out there show that philanthropic donation creates $3.50 to every dollar spent. Philanthropy is also important because there are still great issues in the world including starvation. The world’s successful business owners really do have the ability to make a difference in this.

Chris Burch is a venture capitalist who serves as CEO of Burch Creative Capital. The firm works in the areas of brand development and management of venture investments. Chris is one of the most successful businessmen today and has over 40 years experience as an entrepreneur (bjtonline.com).

Chris Burch serves on the Board of Directors for the Rothman Institute Orthopedic Foundation. He is also the former president of Pierre Hotel Co-op Board.  He is active in philanthropic activity with Mt. Sinai Hospital in New York City, check thenewsversion.com.

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Julie Wainwright Entrepreneur And Founder Of The RealReal

Julie Wainwright is the Chief Executive Officer (CEO) of The RealReal company. For many years, Julie Wainwright has said her company, The RealReal would be closing its door to the private financial sector. The RealReal will be conducting only Initial Public Offering (IPO) and would get a new investment.

The founder of the elegant fashion site, Julie Wainwright, is focused on brand name clothes such as Louis Vuitton and Gucci that are second-hand. According to Julie Wainwright, they are trying to get investors to raise 100 million dollars in the financing of the company from many sources. Seven years ago, since they began raising money, over 170 million dollars have been raised by The RealReal.

There may be a few reasons why The RealReal is concentraiting it conduction efforts to raise funds. The company, The RealReal, may not have reached the level that would draw the attention of appropriator and financial backers. The other reason for the effort to raise such huge amount of money, maybe that The RealReal may need to prove that it is worth investing in, as a long-term business.

Those investors that are associated with The RealReal may have come to the realization that the secondhand merchandise for luxury products is a greater opportunity than they originally thought. They may be self-assured that the site can acquire more share in the market by investing in higher expansion.

The RealReal originally focused on luxury items for women and expanded into decorations for the home, watches, clothing for men, and art. Sellers can sell and ship their products to The RealReal on consignment. When the items sell, the seller gets 60 percent of the sale and The RealReal gets 50 percent. To protect against selling items that are knock-offs, The RealReal has a team of employees that checks the authenticity of the products.

According to Julie Wainwright, The RealReal does not get the number of products they would like when it comes to the men’s department. The men make up twenty percent of those who shop at The RealReal. Customers are purchasing mainly goods made from leather, watches, and clothing items.

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