{"id":10615,"date":"2022-03-17T14:32:45","date_gmt":"2022-03-17T14:32:45","guid":{"rendered":"http:\/\/TheNextWeb=1382682"},"modified":"2022-03-17T14:32:45","modified_gmt":"2022-03-17T14:32:45","slug":"high-fashion-to-high-tech-what-startups-can-learn-from-industry-icon-francois-kress","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=10615","title":{"rendered":"High fashion to high tech: What startups can learn from industry icon Fran\u00e7ois Kress"},"content":{"rendered":"\n<p><em><span data-token-index=\"0\" class=\"notion-enable-hover\" data-reactroot>Did you know Fran\u00e7ois Kress is speaking at<span>&nbsp;<\/span><\/span><a class=\"notion-link-token notion-enable-hover\" href=\"https:\/\/thenextweb.com\/conference\" target=\"_blank\" rel=\"noopener noreferrer\" data-token-index=\"1\" data-reactroot><span class=\"link-annotation-unknown-block-id--365819335\">TNW Conference<\/span><\/a><span data-token-index=\"2\" class=\"notion-enable-hover\" data-reactroot><span>&nbsp;<\/span>this summer? Check out the full list of speakers&nbsp;<\/span><a class=\"notion-link-token notion-enable-hover\" href=\"https:\/\/thenextweb.com\/conference\/speakers\" target=\"_blank\" rel=\"noopener noreferrer\" data-token-index=\"3\" data-reactroot><span class=\"link-annotation-unknown-block-id-1780967274\">here<\/span><\/a><span data-token-index=\"4\" class=\"notion-enable-hover\" data-reactroot>.<\/span><\/em><\/p>\n<p>Louis Vuitton, Fendi, Bulgari, Prada, Carolina Herrera, Miu Miu. This might sound like a bar from a standard rap song, but it\u2019s actually a list of companies where Fran\u00e7ois Kress has held leadership positions in his long career in the luxury industry. Then, an unexpected but welcome opportunity presented itself.<\/p>\n<p>\u201cI was really suffering from luxury fashion fatigue, and decided to move on and start this project,\u201d he tells TNW over Zoom.<\/p>\n<p>At the invitation of a friendly venture capitalist, Kress joined Feelmore labs as co-founder and&nbsp; CEO, to develop a unique, category-defining type of wearable: Cove. It\u2019s a wearable device that relies on the science of neurostimulation, sending specific vibrations to specific sensors behind your ears to \u201chelp you feel calm and emotionally balanced,\u201d <a href=\"https:\/\/www.feelcove.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">according to the website<\/a>.<\/p>\n<p>Curious about his switch from high fashion (\u201cThere was a time I had two secretaries and obviously a driver and everything\u201d) to high tech (\u201cNow I have to change the toilet paper at the office myself\u201d), and what experience he took along with him, we spoke to Kress from his apartment in New York about the lessons tech can learn from the most luxurious of luxury brands on the planet.<\/p>\n<p>Dressed in a casual navy blue long-sleeve with perfectly coiffed silver-gray hair and thick-rimmed glasses, it\u2019s easier to see Kress managing Fendi than a high-tech wearable company. But looks, in this case, are deceiving.<\/p>\n<p>Kress\u2019 background, before being recruited by Bernard Arnault of LVMH (Louis Vuitton Moet Hennessy), was in theoretical physics, with a special interest in topology \u2014 hardcore math describing complex dynamic geometric problems.<\/p>\n<p>\u201cFor me, it was like going back, because after high school I studied intense theoretical stuff for 8 years.\u201d<\/p>\n<h2><strong>Move slow, do things well<\/strong><\/h2>\n<p>During his career in luxury, Kress was sucked into tech when he was offered a board position at a biopharmaceutical company, and was surprised by the fast pace of tech companies.<\/p>\n<p>\u201cComing from big luxury groups, which have hundreds of years of history and where everything is very slow and very careful, to this fast-paced biotech world and <a href=\"https:\/\/thenextweb.com\/topic\/startups\" target=\"_blank\" rel=\"noopener noreferrer\">startups<\/a> and VC money was a shock.\u201d<\/p>\n<p>After meeting some VCs through his board position, he agreed to co-found Feelmore Labs, where he could finally bring together his experience in rigorous science from his science degrees, and dedication to craftsmanship from his career in luxury. This also allowed him to bypass some long-held beliefs about the pace of business that many <a href=\"https:\/\/thenextweb.com\/topic\/founders\" target=\"_blank\" rel=\"noopener noreferrer\">founders<\/a> face<\/p>\n<p>\u201cJust put an MVP on the market. Even if it\u2019s crappy, you know, you will learn as you iterate,\u201d he says was something he\u2019d hear often. \u201cBut I was very determined not to get rushed, or half-bake the technology for the sake of this kind of iterative process.\u201d<\/p>\n<h2><strong>Listen to your customers less<\/strong><\/h2>\n<p>The iterative process couldn\u2019t be more removed from the process in high-end fashion and luxury, Kress tells us.<\/p>\n<p>\u201cIt\u2019s the opposite of what you hear in luxury and fashion, at least at the top end of those products. There, it\u2019s \u2018don\u2019t listen to your customers, they don\u2019t know what they want.\u2019 If you ask customers what they want to see on the runway, you will always see the same black dress coming out of every workshop. So for me, that was a complete shift.\u201d<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1382685 size-featured_img js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-796x528.jpeg\" alt width=\"796\" height=\"528\" sizes=\"(max-width: 796px) 100vw, 796px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-796x528.jpeg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-280x186.jpeg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-204x135.jpeg 204w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-407x270.jpeg 407w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-1536x1018.jpeg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-1592x1055.jpeg 1592w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6.jpeg 1640w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/high-fashion-to-high-tech-what-startups-can-learn-from-industry-icon-francois-kress#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fgrowth-quarters%2F2022%2F03%2F17%2Fhigh-fashion-to-high-tech-what-startups-can-learn-from-industry-icon-francois-kress%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Haute couture by fashion designer Iris van Herpen\" data-title=\"Share Haute couture by fashion designer Iris van Herpen on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Haute couture by fashion designer Iris van Herpen on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>Haute couture by fashion designer Iris van Herpen<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1382685 size-featured_img\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-796x528.jpeg\" alt width=\"796\" height=\"528\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-796x528.jpeg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-280x186.jpeg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-204x135.jpeg 204w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-407x270.jpeg 407w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-1536x1018.jpeg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6-1592x1055.jpeg 1592w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Iris_van_Herpen_-_Haute_Couture_Spring_Summer_2012_6.jpeg 1640w\"><\/noscript><\/figure>\n<p>Kress says he\u2019s trying to find a middle ground between not listening to customers at all, and letting customers determine the whole product. \u201cI think like everything in life, there is a middle point, right? We could bring a little more finesse into tech. Apple is a good example of a brand which had very strong aesthetic content and a strong vision, which was not purely based on practical aspects.\u201d<\/p>\n<h2><strong>Not everything needs to be practical<\/strong><\/h2>\n<p>A total focus on practicality can be a flaw, he thinks. \u201cIt sometimes makes me sick when all I hear is like, \u2018Oh, what is the problem, what is the solution.\u2019 That\u2019s cool, and you can make nice little projects that way. But you\u2019re never going&nbsp;to build greatness out of solving practical problems.\u201d<\/p>\n<p>Kress believes firmly that for building a new category of wearable, one that actively affects your mood, versus one that just registers your vital signs, you need to do more than just focus on the functionality. To do this, you need to look at the whole picture, and build the brand holistically from the get-go.<\/p>\n<blockquote class=\"twitter-tweet\" readability=\"7.7251908396947\">\n<p dir=\"ltr\" lang=\"en\">Louis Vuitton Fall\/Winter 2021 Airplane Bag by Virgil Abloh<\/p>\n<p>\ud83d\udcb0$39,000 <a href=\"https:\/\/t.co\/GEUmoylYqD\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">pic.twitter.com\/GEUmoylYqD<\/a><\/p>\n<p>\u2014 SAINT (@saint) <a href=\"https:\/\/twitter.com\/saint\/status\/1378030033269313538?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">April 2, 2021<\/a><\/p>\n<\/blockquote>\n<p>\u201cIf you look at the functionality of fashion, like a bag is to carry your stuff from point A to point B, then there is no reason to spend thousands of dollars on that, because you could do it with a plastic bag, right?\u201d<\/p>\n<p>The attractiveness of a product goes way beyond the functionality of the product, he tells us. Although he\u2019s the first to admit that Cove is still far from being acknowledged as an item with more intangible value. \u201cWe are too young, the category is still too young,\u201d he says.<\/p>\n<h2><strong>Perfection, perfection, perfection<\/strong><\/h2>\n<p>Another lesson Kress brought along from luxury brands is the obsession with quality and perfection. In the case of Cove, Kress says they spent way more time and money on first proving the science of the device, and then perfecting the device itself than strictly necessary.<\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-featured_img wp-image-1382687 js-lazy\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-796x531.jpeg\" alt width=\"796\" height=\"531\" sizes=\"(max-width: 796px) 100vw, 796px\" data-srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-796x531.jpeg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-280x187.jpeg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-203x135.jpeg 203w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-405x270.jpeg 405w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-1536x1024.jpeg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-1592x1061.jpeg 1592w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product.jpeg 1640w\"><figcaption><a href=\"https:\/\/thenextweb.com\/news\/high-fashion-to-high-tech-what-startups-can-learn-from-industry-icon-francois-kress#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fgrowth-quarters%2F2022%2F03%2F17%2Fhigh-fashion-to-high-tech-what-startups-can-learn-from-industry-icon-francois-kress%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: Cove headset by Feelmore Labs\" data-title=\"Share Cove headset by Feelmore Labs on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share Cove headset by Feelmore Labs on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"><\/i><\/a>Cove headset by Feelmore Labs<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-featured_img wp-image-1382687\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-796x531.jpeg\" alt width=\"796\" height=\"531\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-796x531.jpeg 796w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-280x187.jpeg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-203x135.jpeg 203w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-405x270.jpeg 405w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-1536x1024.jpeg 1536w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product-1592x1061.jpeg 1592w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/03\/Feelmore_Labs_Cove_at_Home_Product.jpeg 1640w\"><\/noscript><\/figure>\n<p>\u201cWe added little hinges in the <a href=\"https:\/\/thenextweb.com\/topic\/design\" target=\"_blank\" rel=\"noopener noreferrer\">design<\/a> to accommodate potentially wider heads, we added a heart rate sensor, a motion sensor, which an MVP probably could have lived without. All these things made the whole design and mechanical engineering much more complex, but they add a marginal impact, which people may not even see. There are a lot of subconscious signs that you send in luxury that overall build the dream.\u201d<\/p>\n<p>Their goal for Kress was to build something users forget they\u2019re wearing, and that has perfected \u201ceven things you don\u2019t see, because I think in luxury the value is in execution. Everything in luxury is overdone, look at the stores, they are just perfect. So we spent time perfecting the device.\u201d<\/p>\n<h2><strong>Don\u2019t price yourself too cheaply<\/strong><\/h2>\n<p>While Cove is not a luxury device per se, it did not come cheap. The launching price was 490 dollars, in a market where most wearables set you back around 300.<\/p>\n<p>\u201cWe were widely criticized for that, to be honest. As an unknown entity, it\u2019s hard to start at that price. But we decided to do it anyway,\u201d he says. Obviously, there was a reasoning behind the price point.<\/p>\n<p> <a href=\"https:\/\/thenextweb.com\/news\/high-fashion-to-high-tech-what-startups-can-learn-from-industry-icon-francois-kress\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you know Fran\u00e7ois Kress is speaking at&nbsp;TNW Conference&nbsp;this summer? Check out the full list of speakers&nbsp;here. Louis Vuitton, Fendi, Bulgari, Prada, Carolina Herrera, Miu Miu. This might sound like a bar&#8230;<\/p>\n","protected":false},"author":1,"featured_media":10616,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/10615"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10615"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/10615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/10616"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}