The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SAN FRANCISCO, United States — Three influential venture capital firms are teaming up to find and finance entrepreneurs who want to create applications and other accessories for Google Glass, an Internet-connected device that is setting out to turn wearable computing into the latest fashion trend.
The partnership announced Wednesday will join Google's own venture capital arm with two other investment firms, Kleiner Perkins Caufield & Byers and Andreessen Horowitz. The firms are pledging to work together to arrange seed funding ranging from $250,000 to $2 million to support ideas for software and other gear built for Google Glass.
The formation of the "Glass Collective" is likely to heighten the anticipation surrounding Google Glass. The device isn't expected to be released on the mass market until next year.
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The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely.
The app, owned by TikTok parent company ByteDance, has been promising to help emerging US labels get started selling in China at the same time that TikTok stares down a ban by the US for its ties to China.
Zero10 offers digital solutions through AR mirrors, leveraged in-store and in window displays, to brands like Tommy Hilfiger and Coach. Co-founder and CEO George Yashin discusses the latest advancements in AR and how fashion companies can leverage the technology to boost consumer experiences via retail touchpoints and brand experiences.
Four years ago, when the Trump administration threatened to ban TikTok in the US, its Chinese parent company ByteDance Ltd. worked out a preliminary deal to sell the short video app’s business. Not this time.