Third Wave Fashion // JULY 2013 // THE WEDDING TECH ISSUE | Page 17

The world of fashion provides an inspiring backdrop to all things fashion tech. Here are events in fashion impacting the industry as a whole. YOUNG ENTREPRENEURS BYPASS COLLEGE FOR BUSINESS Twenty-year-old designer Maddy Maxon has recently become the first to receive a $100k scholarship from the iel Foundation, created in 2011 to help aspiring entrepreneurs. She has created a pattern optimization soware called Meld that the young designer hopes will transform the garment industry. - New York Magazine A FASHION BRAND MADE FOR URBAN CYCLISTS Iva Jean, a functional cycling lifestyle brand based out of Seattle, has released a line of garments that make cycling easier for women. e fashionable exercise line uses smart materials and design to streamline cycling into the mainstream. - PSFK LUCKY MAGAZINE HIRES NEW EDITOR IN CHIEF In the world of magazines, editorial changes happen in the blink of an eye. At Lucky Magazine, recent newcomer Eva Chen has been named Editor in Chief. Formerly Beauty Director at Teen Vogue, Eva brings digital and online commerce experience with her on recommendation from Vogue’s Anna Wintour in efforts to bolster the Condé Nast media brand. - Fashionista From Wall Street to the global economy, economic trends shape our world. For more investment information and funding trends, see Show Me The Money on page 26. A M A P O F K I C K S TA R T E R ACTIVITY SHOWS MAJOR FUNDING AREAS IN THE U.S. BITCOIN EXCHANGE MT. GOX S U S P E N D S U. S. D O L L A R WITHDRAWALS FEDERAL RESERVE CHAIRMAN’S REMARKS CONCERN TRADERS A paper released on NBER features a map that displays all Kickstarter funding events by state. California and New York dominate in terms of money raised, food startups see funding in North Carolina, and Tennessee sees music startups raising money. - Business Insider A recent rise in the volume of bitcoin deposits and withdrawals on Mt. Gox has led to increasingly difficult transaction processing for the bank. For two weeks at the end of June, cash withdrawals of USD were suspended temporarily pending an upgraded trading engine. - Business Insider A recent press conference with Federal Reserve Chairman Bernanke has traders concerned about a potential slowdown of asset purchases in 2013. A massive subsequent selloff saw Nasdaq drop 79 points, with commodities and bonds taking a significant nosedive. - Forbes We’re here to keep you on top of all news affecting our world of fashion tech! Subscribe today and don’t miss a beat. // 14