VC has taken over your life if you walk through the Souk of Marrakech and your first thoughts are: “hmmm, low differentiation, pretty low sales velocity, but sizeable inventory… how do they finance that?”
We need to not only sing hallelujah on great deals but also have accountability in the VC world. @sequoia@generalatlantic this is your investment. This cannot be what you mean with ‘we back the daring to build legendary companies’. What are you doing to fix it?
🚨 Undercover investigation finds workers in China making clothes for Shein, world’s biggest fast-fashion brand, are:
👗 Paid 3p per item
👚 Working 18-hour days
👙 Given no weekends + only one day off a month
@Channel4 findings shared with @theipaper:
https://t.co/rKma5ewuQU