Kim Kardashian's Shoe Dazzle Gets $40M Investment
Kim does business
Many people are quick to dismiss Kim Kardashian as being a publicity hound who only cares about what she's wearing, who she's dating, and who's talking about her. But she also happens to be a pretty savvy businesswoman. And her company, Shoe Dazzle, just received a hefty investment.
Read: Kristin Cavallari Designed Shoes for Shoe Dazzle
Jessica Simpson may be the billion dollar fashion queen at the moment, but it sounds like Kim Kardashian has grand plans to sneak up behind her. You've likely heard of Shoe Dazzle the affordable subscription-based website for shoes. But did you know that Kim Kardashian is the brains behind the operation?
According to WWD.com, Kim and her business partner Brian Lee just received a $40 million investement from Andreesen Horowitz for ShoeDazzle.com.
What does this extra funding mean for Shoe Dazzle? Well, according to Lee, the company will be expanding into new categories... and internationally! They'll be expanding into the U.K. soon, with possible expansion in Asia and South America to come..
A partner from Andreeson Horowitz says, "ShoeDazzle is the first vertical e-commerce business we've invested in" and says that Shoe Dazzle does an excellent job with social media and that they love the subscription model. In case you're wondering, Andreeson Horowitz also invests in Facebook, Foursquare, Groupon, Skype and Twitter.
Read: Kim Kardashian Looks Fabulous at Shoe Dazzle Party
Congratulations to Kim Kardashian and the Shoe Dazzle team. I can't wait to see what's next for this businesswoman!