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Byco micro-financing platform is crowdfunding Fashion’s Next Big Designers

Jesse Finkelstein has created an online “one-stop-shop” for designers that facilitates production, with a little help from investors large and small Fashion design schools teach their students how to sketch a design, drape or tailor a piece of clothing, sew it together, and, eventually, create a coherent collection. What’s less taught are the nuts and bolts of what happens after the design process: sampling, production, distribution and financing, all of which can delay (or halt completely) the debut of a designer’s pieces. One way to correct this barrier, thought entrepreneur Jesse Finkelstein, was to create an online “one-stop-shop” for designers, fashion and otherwise, that facilitates the production parts, letting them focus on what they’re good at (that would be design). And that’s precisely what his recently launched micro-financing site Byco.com is trying to do. The process works like this: Designers submit their work to their site, determining their style of clothing (dresses, tops, bottoms, jumpsuits, outerwear) or home good (duvets, lampshades, curtains) and picking their materials (linen, cobalt silk, custom-print cotton). Then they upload an illustrated design, any additional images and a detailed explanation of their product. If accepted–about 60 percent of submissions are–Byco calculates the cost to produce a sample and posts the design to […]

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