Page 14 - Michael Mente News Today : Breaking News, Live Updates & Top Stories | Vimarsana

E-Commerce Retailer Revolve’s Cofounders Now Billionaires Amid Soaring Stock Share to Facebook Share to Linkedin Revolve cofounders Michael Mente (left) and Mike Karanikolas (right) are billionaires thanks to a soaring share price. Revolve Nearly two decades after starting e-commerce clothing retailer Revolve, cofounders Michael Mente and Mike Karanikolas are billionaires thanks to a soaring stock price, the power of influencers pushing their favorite clothes and post-Covid optimism. The company’s stock has skyrocketed in the last year, as shoppers flocked online during the pandemic...

Operator Good afternoon. My name is Chris, and I'll be your conference operator today. At this time, I would like to welcome everyone to Revolve's Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions] At this time, I'd like to turn the conference over to Erik Randerson, Vice President of Investor Relations at Revolve. Thank you. You may begin. Erik Randerson -- Vice President of Investor Relations Good afternoon, everyone, and thanks for joining us to discuss Revolve's fourth quarter and full year 2020 results. Before we begin, I'd like to mention that we have p...

How did you start at Revolve? In 2007, I started my own clothing brand. I met Revolve in 2008, and they became my biggest customer. At the end of 2009 when the recession was happening, I ran out of money, so I couldn’t ship any of the purchase orders that people had turned in, and I had to close my business. Months later, Michael Mente, who is the co-founder and co-CEO of Revolve, kindly reached out to me and asked if I’d be interested in starting a brand together. We launched Lovers + Friends in February 2010. In 2014, Revolve acquired (it), and that’s kind of when I became an official...