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Sheila Marmon:
When I had been in magazine publishing, I was doing a lot of work in digital transformation for some of our large magazine titles, and I was also doing a lot of work in launching multicultural titles. And there wasn't a lot of innovation around thinking about how you reach diverse audiences on digital media platforms. And I launched Mirror Digital to address that unmet need. We operate a network of websites that are in digital publishing. We have a network of creators on social media, which is all about digital connectivity and community. And we have a network of podcasts, which is all about digital audio. We have always focused on being innovative and taking risks. The roadmap has always been: What can we do that's new? What can we bring our clients that's exciting and interesting and that hasn't been done yet? And that culture of experimentation keeps it really fresh and fun. We've had some real wins, and it's built that muscle of trial and error and wanting to move fast and be first.
Shawnna Feddersen:
Our primary focus was to really solve the problem that was lacking in the sports license world for fan apparel and that was just no female product. So we came in and we noticed a huge gap in the market, and our goal was to solve that and to bring attention to the female consumer and that women really did want the product in a pretty male-dominated industry. And I'm proud to say that we've definitely succeeded in that. I think it's really important to mention that we had so many doors closed in our face. They were just-- would not take us serious[ly] when it came to women's products. They did not believe that there was a demand there. I did have that moment of, "Do I know what I'm doing? Am I sure about this?" But whenever the numbers don't lie, the data doesn't lie, it's black and white, and the sell-through is over 100%, and the demand is there, and people are still coming back asking for more, you've got to believe in yourself. You've got to believe in your vision. You have to just keep pursuing it.
END
Founding a company takes creativity, bold decision-making and an unwavering commitment to drive change. Two entrepreneurs who embody these characteristics are Sheila Marmon and Shawnna Feddersen.
When Feddersen, CEO of GameDay Couture, identified a significant gap in sports fan apparel for women and set out to address it, the road wasn’t easy.
“We had so many doors closed in our face,” Feddersen said. “You have to believe in your vision and just keep pursuing it.”
Marmon, founder and CEO of Mirror Digital, also experienced obstacles when she started a digital media company. “Mirror Digital is a bootstrapped business,” Marmon said. “When I launched it in 2012, we were firmly in the ad tech space, and this was a business model that was traditionally venture-funded.”
When Marmon initially tried to raise capital, however, she was “surprised that the market was closed.” She ultimately overcame resource challenges to launch a successful business from her condo.
“We have always focused on being innovative and taking risks. We’ve had some real wins—and it’s built that muscle of trial and error and wanting to move fast and be first.”
—Sheila Marmon, Founder and CEO, Mirror Digital
Learn from Feddersen’s and Marmon’s entrepreneurial spirit and innovative drive, and read inspiring stories from other founders J.P. Morgan has supported. We have dedicated bankers who are focused on understanding and supporting the unique journeys of all business owners and founders.
JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/commercial-banking/legal-disclaimer for disclosures and disclaimers related to this content.
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