Black Business Pitch Competition | April 2018
Perfect Tux is the first online clothing retailer to allow customers to try a garment on for fit and sizing before making their final purchase, which lowers return rates while also giving potential customers more buying confidence. Within 18 months, Perfect Tux has entered the marketplace and found quick success, establishing itself as a main competitor in the online formal wear retail market by utilizing an aggressive marketing strategy for intent, ready-to-purchase customers, creating a user-friendly website for the modern customer, and understanding user data to capture conversions. www.perfecttux.com
CEO Steven Burton has spent the last 12 years in the formal wear industry. Before launching Perfect Tux in 2016, he worked for another online e-commerce mens clothing store, which he helped build to a million dollar business.
VAUGHN BLAKE is the Founder and Managing Director of Autochrome Ventures and Autochrome Capital Management. Vaughn is also a venture partner at NextGen Venture Partners.
SHANE KELLY is the Founding Partner of Wolverine Angels, an early stage investment firm. He is also Head of Investments at CrowdSmart.io.
BENONI TAGOE is Head of Business Development for Issa Rae Productions. Benoni is also founder of the web series The BIZZ Plan.
LABIC would like to extend a special thank you to our sponsors, Southern Glazer's Wine & Spirits and Sip & Sonder.