Headlines

Entrepreneur Finances His Line with His Own $5,000

Published

8 years ago

December 24, 2015

Illevesta profitable since year two, he says.

Noting that 2009 was “ä tough time to start a business because of the recession,” New York City entrepreneur Daniel Silberman went ahead and did it anyway, launching his Illevesta brand that year. “Illesteva launched with just $5,000, and it has tried to save money along the way,” reports Fox News. “Instead of taking on investors, Silberman says he has financed the company’s growth with its own cash flow. It has been profitable since year two. Today, Illesteva has grown to 50 employees and has a host of celebrity customers, including Beyoncé, Rihanna, Reese Witherspoon, Jessica Alba, Karlie Kloss and Kendall Jenner. Even first daughter Sasha Obama is a fan.”

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