In this episode of Momentum, hosts Tiffany Monahan and Erika Cola are joined by Stephanie Benedetto, the visionary CEO of Queen of Raw and Materia MX.
They delve into the revolutionary ways Queen of Raw is transforming the fashion industry by tackling its massive waste problem using blockchain technology and machine learning. Discover Stephanie's journey from a law career to launching a marketplace that converts unused textiles into profitable, sustainable resources. Learn how her great-grandfather’s legacy inspired a modern solution to a century-old problem, the challenges of integrating technology into traditional supply chains, and the impressive impact of saving 1.77 trillion dollars in excess inventory. Whether you're an entrepreneur, investor, or industry expert, this episode is packed with insights on innovation, sustainability, and the future of fashion
(00:00) - Introduction
(03:00) - Family inspiration
(06:00) - Meeting my co-founder & founding the team
(12:00) - Launching the marketplace
(26:00) - Getting our First B2b clients: Marc Jacobs, Donna Karen
(22:00) - The secret to education & free press
(30:00) - Case study: Shein
(37:00) - Future focus