http://startupnorth.disqus.com/Connecting founders, entrepreneurs, startups and funders in Canada.enWed, 23 Apr 2008 20:16:20 -0000http://staging.startupnorth.ca/2008/04/23/indochinocom-takes-new-round-of-financing/#comment-1631838<p>Totally right Jevon. We made a decision early to 'Go Big' with this company. We got successful angels in the etailing space (CEO/COO/CFO of AbeBooks), and got a first round of financing before incorporating the company back in March of last year.</p><p>If the opportunity is there (which we have a bias to think so), you want to get as much of the market before another player comes in, and through the web, you can get access to quite a large market relatively easy!</p>Kyle VuckoWed, 23 Apr 2008 20:16:20 -0000http://staging.startupnorth.ca/2008/04/23/indochinocom-takes-new-round-of-financing/#comment-1631837<p>The difference between a lifestyle business and something fundable isn't a matter of what the actual product is, it is a matter of approach and scalability.</p><p>Indochino is building a custom-clothing fulfillment business that they can scale. If it was just Kyle (the CEO) and a tailor or two, then sure, it would be a lifestyle business. But he is doing a lot more.</p><p>This is also the second ecommerce site to get funded in Canada this month.</p>Jevon MacDonaldWed, 23 Apr 2008 14:08:38 -0000http://staging.startupnorth.ca/2008/04/23/indochinocom-takes-new-round-of-financing/#comment-1631836<p>hmm i thought ecommerce websites don't get vc funding? and it's a tailored clothes? isn't this a "lifestyle" business? or the tailored jackets and the brand just the beginning for something bigger?</p>HeriWed, 23 Apr 2008 13:55:35 -0000