Kenneth Coe
Chicago, IL (USA)
Role(s):
Founder/Owner/Principal
FutureNow Technologies, LLC
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Startup
Location:
Chicago
Industry:
Media
Year Founded:
2008
Number Employees:
1-10 people
Description:
Last year U.S. consumers spent $6.8 billion on online apparel shopping. They returned 30% of the apparel because of fit. FutureNow Technologies solves this $2.8 billion dollar problem with our Myvatar(trademark pending),The Ultimate Fit platform. Once consumers are scanned and their 3D Myvatar image is in the computer, they can shop online in our virtual try-on closet
by accessing their favorite clothing manufacturer's 3D renderings and trying them on their Myvatar for the Ultimate Fit. The industry's $2.8 billion dollar problem of returns is thus significantly reduced.
The power in the FutureNow Technologies Myvatar platform is that it works to truly reflect how the market and the customer's roles within it perceive value and, as a consequence, operate their purchasing decisions. Not only can customers do unique virtual try-on they can involve their decisions in the Myvatar social media component - few purchasing decisions today are made by a single person.
Manufacturer's can look to create sustainable competitive advantage for their business by leveraging the new method of listening (Myvatar social media)to determine if their customers needs are being met today. FNT allows Manufacturer's to obsess on their customers'purchases more than they do and gain cost saving and money making efficiencies.
FNT brings together technology and process in a unique way to fundamentally rewrite industry dynamics. We are projecting annual FNT revenues of $100 million plus by year three of operation.