An Interview with STYLIGHT, a uni start up.
Recently we had the opportunity to speak to STYLIGHT, a fashion affiliates company that began life as a university project headed by four friends. Five years on, the company sees international success, operating in 19 countries and employing 160 talented people. We caught up with Benjamin Gunter, one of the founders and CEO of STYLIGHT about how the business began and what he and the team have learnt along the way.
How did you raise the finance for STYLIGHT?
We got investment from Business Angels and Venture Capital.
What was the toughest part of starting your business?
At the begining, it was convincing investors. Some of them told us that online fashion has no future because people want to touch the fabrics when buying clothes.
Now the challenge is keeping the start-up spirit inside the company whilst growing the team.
What would you do differently?
Nothing really, the sum of our decisions, mistakes and successes brought us to where we are.
What advice would they give to university students or graduates thinking about starting their own business?
Go out and do it. All the people who try to convince you that it’s wrong will soon be your biggest admirers.
How quickly did the business grow?
We optimsed and shaped the business in the first three years. Since then, we are growing quite fast in terms of traffic, users and also the team. We went from 70 – 150 employees last year!
What’s the best part of your job?
We started out with just four guys and four laptops. Now we can reach millions of people around the world with our product. That still amazes me every day!