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 Born & raised in Iran
 Colgate, development
studies, and idealism…
hard winter
 Spring fling trip to Florida
with David Angell
 Meet Archie, pre-med
student, and #1 vacuum
cleaner salesman
 The Scheme & $5,000
 1,000 Wedding shirts $ 800
 184 Afghan rifles (used) $1,800
 1 Bengal tiger skin $2,600
Guns Clothes
… and a Fantastic summer!
 US student visa delayed…Grad school deferred
 Failure 1: Bengal tiger skin: Confiscated by US Customs
 Failure 2: Guns: No one wants them
 Failure 3: Wedding shirts: Quality a disaster
 Occasional clean wedding shirt sellable at boutiques
 Collection problem  NY Show Opportunity
• Amateur city… Late night…
• Major backing by one key fashion pub…
 Retail hit: 35 stores
nationwide
 Bloomingdales
 Bendell„s,
 Many emerging new
“boutiques”
 …and TONS of more
press
Not Guns… Not Tigers…
 Bringing 2 worlds together: Production Nightmare
 Mired in complex high friction negotiations
VS.
 Try raising purchase price…
 Experiment w/ direct hire… 1 tailor on salary…
 ... to 3 tailors...
 … to a team of 20 … in a rented house
Shift to collaborative environment…
…. Transformative!
 Hire our first
designer in Boston…
 ... and the editorial
support rockets
Anne Sheldon
 ... and the editorial support further rockets
 Development Dream:
“Afghanistan, Iran of 100 years
ago”
 20‟s Dream: New York / LA
fashion scene
A team of close friends
Eli Zelkha KarimSaddiq Tom Pat Jim Anne Eli David Ellyn
O‟DaySala Hathaway Sheldon Zelkha Angell Hessler
Demand goes CRAZY!!
Yves San Lauren goes Ethnic…
 Enter the major European exhibitions:
Pret a Porter, Igedo, London Fashion Week
 Starting with press offensive…
The Sunday TimesElle German Vogue
 7 years of expansion in Kabul & Boston
 Establishing clear leadership & retail following
 Wealth effect
 Strategic sloth and growing cost structure
 Aging of the trend
 Iran revolution & fall of the Shah
 Soviet invasion of Afghanistan
 Logistical difficulties
 Failure to diversify production
 Cataclysmic failure for Afghan teams…
 Failure to build nest egg .. Family in jeopardy
 Self worth in tatters
 Unable to make a living!!!
 Wandering the desert for a couple of years…
 Attempt at “salvaging” something…
 A year of convulsions…
 “Kick of the dying mule”
 Failure?
 Opportunity
 Chinese farmer

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My first failure in afghanistan .. Professor Eli Zelkha

  • 1.
  • 2.  Born & raised in Iran  Colgate, development studies, and idealism… hard winter  Spring fling trip to Florida with David Angell  Meet Archie, pre-med student, and #1 vacuum cleaner salesman  The Scheme & $5,000
  • 3.
  • 4.  1,000 Wedding shirts $ 800  184 Afghan rifles (used) $1,800  1 Bengal tiger skin $2,600
  • 5. Guns Clothes … and a Fantastic summer!
  • 6.  US student visa delayed…Grad school deferred  Failure 1: Bengal tiger skin: Confiscated by US Customs  Failure 2: Guns: No one wants them  Failure 3: Wedding shirts: Quality a disaster
  • 7.  Occasional clean wedding shirt sellable at boutiques  Collection problem  NY Show Opportunity
  • 8. • Amateur city… Late night… • Major backing by one key fashion pub…
  • 9.  Retail hit: 35 stores nationwide  Bloomingdales  Bendell„s,  Many emerging new “boutiques”  …and TONS of more press
  • 10. Not Guns… Not Tigers…
  • 11.  Bringing 2 worlds together: Production Nightmare  Mired in complex high friction negotiations VS.
  • 12.  Try raising purchase price…  Experiment w/ direct hire… 1 tailor on salary…  ... to 3 tailors...  … to a team of 20 … in a rented house
  • 13. Shift to collaborative environment… …. Transformative!
  • 14.  Hire our first designer in Boston…  ... and the editorial support rockets Anne Sheldon
  • 15.  ... and the editorial support further rockets
  • 16.
  • 17.
  • 18.  Development Dream: “Afghanistan, Iran of 100 years ago”  20‟s Dream: New York / LA fashion scene
  • 19. A team of close friends Eli Zelkha KarimSaddiq Tom Pat Jim Anne Eli David Ellyn O‟DaySala Hathaway Sheldon Zelkha Angell Hessler
  • 20. Demand goes CRAZY!! Yves San Lauren goes Ethnic…
  • 21.  Enter the major European exhibitions: Pret a Porter, Igedo, London Fashion Week  Starting with press offensive… The Sunday TimesElle German Vogue
  • 22.  7 years of expansion in Kabul & Boston  Establishing clear leadership & retail following  Wealth effect  Strategic sloth and growing cost structure  Aging of the trend
  • 23.  Iran revolution & fall of the Shah  Soviet invasion of Afghanistan  Logistical difficulties
  • 24.
  • 25.
  • 26.  Failure to diversify production  Cataclysmic failure for Afghan teams…  Failure to build nest egg .. Family in jeopardy  Self worth in tatters  Unable to make a living!!!  Wandering the desert for a couple of years…
  • 27.  Attempt at “salvaging” something…  A year of convulsions…  “Kick of the dying mule”

Notas del editor

  1. But please NOTE: We did have DIVERIFICATION!!! 3 times at bat!!QUESTIONS FOR FUTURE VENTURES:Is it LEGAL?Will the dogs eat the dog food?Does the “product” actually work? Is it WEARABLE by HUMANS?
  2. Centrality of reducing system friction. (heavy bargaining, back stabbing biz culture)
  3. Centrality of reducing system friction. (heavy bargaining, back stabbing biz culture)
  4. Centrality of reducing system friction. (heavy bargaining, back stabbing biz culture)
  5. Centrality of reducing system friction. (heavy bargaining, back stabbing biz culture)
  6. Centrality of reducing system friction. (heavy bargaining, back stabbing biz culture)
  7. Centrality of reducing system friction. (heavy bargaining, back stabbing biz culture)
  8. Centrality of reducing system friction. (heavy bargaining, back stabbing biz culture)