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Angel Investor (Individual)
daymondjohn.com

Investments

73

Portfolio Exits

4

About Daymond John

Daymond John is an entrepreneur and angel investor. His primary industry is fashion and began the FUBU clothing line which earned $350 million in 1998. He started out making and selling tie-top hats on the streets of Queens, NY. He appears on ABC's The Shark Tank as well. Over the last 20 years, Daymond has evolved from one of the most successful fashion icons of his generation to one of the most sought after branding experts, business, and motivational speakers in the country. Daymond's creative vision and strong knowledge of the marketplace helped him create one of the most iconic fashion brands in recent years. FUBU, standing for For Us By Us, represented a lifestyle that was neglected by other clothing companies. Realizing this need in the marketplace, Daymond created the untapped urban apparel space and laid the groundwork for other companies to compete in this newly established market. Daymond grew up in the community of Hollis, Queens, quickly becoming known as the birthplace of the new genre of music called Hip-Hop, with acts like RUN DMC and Salt-N-Peppa rapidly making names for themselves. Being surrounded in this influential neighborhood helped spur the inspiration for his clothing line that would ultimately change the fashion world. His first foray into the apparel market came when he wanted a tie-top hat he had seen in a popular music video but could not find one for a good price. With the sewing skills he had learned from his mother, Daymond started making the hats for himself and his friends. Realizing he was on to something, Daymond made a sizeable order of the tie-top hats, sold them on the streets of Queens one day, and made $800 in just a few hours. There was a buzz about Daymond's products that simply could not be ignored. Based on that early success, Daymond recruited some of his neighborhood friends and FUBU was born. They created a distinctive logo and began sewing the FUBU logo on all sorts of apparel, including hockey jerseys, sweatshirts and t-shirts. The brand hit a tipping point when Daymond convinced Hollis native and Hip-Hop superstar, LL Cool J, to wear FUBU for a promotional campaign. This was the catalyst behind the entire Hip-Hop community supporting the new brand and instantly giving it credibility. In need of start-up capital to keep up with demand, Daymond and his mother mortgaged the home they collectively owned for $100,000. Soon, the home was turned into a makeshift factory and office space. FUBU gained even more nationwide exposure when Daymond and his partners traveled to the industry trade show Magic in Las Vegas. Despite not being able to afford a booth at the event, the FUBU team showed buyers the distinctively cut, vibrantly colored sportswear in their hotel room. The company came back to Queens with over $300,000 worth of orders. FUBU soon had a contract with the New York City-based department store chain Macy's, and it began expanding its line to include jeans and outerwear. A distribution deal with Korean electronics manufacturer Samsung allowed their designs to be manufactured and delivered on a massive scale. With the brand transcending into the mainstream markets, FUBU recorded annual sales of $350 million, placing it in the same stratosphere as designer sportswear labels such as Donna Karan New York and Tommy Hilfiger. After focusing on FUBU's international expansion, Daymond and his partners decided to bring back the brand that started it all, but this time with a slightly different style. They answered the call with the creation and launch of FB Legacy. Inspired by turn-of-the-century workman wear, the rebooted brand will become the mainstay in menswear in response to today's ever-changing and expensive trending fads. The fashion line has already been embraced by the Hip-Hop community with artists like Rick Ross, Lil Jon, DJ Khaled, and SouljaBoy all seen wearing it. In 2009, John joined the cast of the ABC entrepreneurial business show, Shark Tank, produced by acclaimed TV producer Mark Burnett.

Headquarters Location

New York, New York,

United States

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Latest Daymond John News

These 6 money movies inspired CEOs and financial experts and helped shape their careers

Jan 22, 2023

Reid Hoffman, Sallie, Krawcheck, Daymond John, and others weigh in with their favorite movies about money. Read More The post These 6 money movies inspired CEOs and financial experts and helped shape their careers appeared first on 스타트업앤칠(Startup&Chill).

Daymond John Investments

73 Investments

Daymond John has made 73 investments. Their latest investment was in KENT as part of their Angel on September 9, 2022.

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Daymond John Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/23/2022

Angel

KENT

$0.2M

Yes

1

4/15/2022

Line of Credit

Browndages

$0.08M

No

1

4/15/2022

Angel

Browndages

$0.1M

Yes

1

11/8/2021

Corporate Minority

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$99M

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10

6/30/2021

Series B

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$99M

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10

Date

9/23/2022

4/15/2022

4/15/2022

11/8/2021

6/30/2021

Round

Angel

Line of Credit

Angel

Corporate Minority

Series B

Company

KENT

Browndages

Browndages

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Amount

$0.2M

$0.08M

$0.1M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

1

1

10

10

Daymond John Portfolio Exits

4 Portfolio Exits

Daymond John has 4 portfolio exits. Their latest portfolio exit was BuggyBeds on May 04, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/4/2021

Acq - Fin

$99M

1

9/16/2020

Acquired

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$99M

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10

5/13/2020

Acquired

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$99M

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10

1/27/2017

Acquired

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$99M

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10

Date

5/4/2021

9/16/2020

5/13/2020

1/27/2017

Exit

Acq - Fin

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

Daymond John Acquisitions

2 Acquisitions

Daymond John acquired 2 companies. Their latest acquisition was Moki Doorstep on January 07, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/7/2019

Seed / Angel

$99M

$0.11M

Acquired

1

8/15/2009

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$99M

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10

Date

1/7/2019

8/15/2009

Investment Stage

Seed / Angel

Companies

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Valuation

$99M

$99M

Total Funding

$0.11M

Note

Acquired

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Sources

1

10

Daymond John Team

1 Team Member

Daymond John has 1 team member, including former Chief Operating Officer, Rhonda Levene.

Name

Work History

Title

Status

Rhonda Levene

Chief Operating Officer

Former

Name

Rhonda Levene

Work History

Title

Chief Operating Officer

Status

Former

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