?? The Spool - May 2024

Happy May! We have a great edition of The Spool in store for you today - it's a 4-minute read. In May's edition:

? Exciting updates from Cashmere Fund portfolio companies ??

? Looking for a new job? We’ve got you covered ??

? Meet Lee Mayer, Co-Founder & CEO of Havenly ???

So let's dive in!

But First…

Graduation season is upon us. As a family or friend to a graduate, it’s not uncommon to give the gift that always fits—cold hard cash.

As a graduate, it’s easy to pocket it away for textbooks, trips abroad, summer vacations, or other experiential life events. Rarely do you hear the sage advice to make your first investment in the market and watch it grow. Let alone receive an offer to have a trusted friend help you begin investing.

But one might argue it’s the most important time to do just that—learn about how money compounds and grows. Learn the joys and pitfalls of investing in public and private markets. The importance of understanding what to do when the market swings. Understand the meaning of diversification and accreditation. Take risks while adult life is still in its infancy.

Cashmere port co EarlyBird is teaching a new generation of children how and why to invest. We believe the societal value of their offering is tremendous to the financial health of the next generation.

But that brings us back to the graduates who haven’t had this sage advice while growing up.

What is your sage advice for the class of 2024 as they begin their investment journeys? Comment and let us know.

Port Co’s in the Wild

News ???

? Havenly has acquired The Citizenry. Havenly’s CEO, Lee Mayer, shared the the decision was “informed by data on what styles and items customers were looking for,'' and that she “aimed to assemble the best of breed across styles and categories.” We couldn’t be more excited for this next step in Havenly’s development, having already acquired The Inside and Interior Define! Read more about Lee below in this month’s Founder Spotlight. ?

? Cabinet Health has hit the road on their Sustainable Swap Tour in partnership with Target. The campaign is designed to care for the health of Cabinet Health patients and the health of our planet by swapping out old single-use plastic bottles and refreshing them with refillable medicines from Cabinet. Click here to follow along on their journey visiting 500 cities across the country, plus claim prizes and limited edition sustainable gifts.

? Nomadica was recently featured by renowned author of The Wine Bible, Karen MacNeil. Karen tasted 50 canned wines and shared her top ten favorites here (paywall). Spoiler alert and no surprise to us, Nomadica snagged 5 of the 10 top spots. Cheers to that! ?

A (Social) Word from our Founders ??

Jobs ??

? Strategy Manager, Owned Brand at Havenly.

? Senior Backend Engineer at Cabinet Health.

? Controller via IsoTalent.

?Sweater, On-Demand ??

Get your Sweater fix on-demand. To view our entire library of on-demand content, click here.

Founder Spotlight ??

Lee Mayer, co-founder and CEO of Havenly, had never planned to disrupt the interior design industry. She started the company out of a personal problem back when she first moved to Denver from New York City.

Lee’s journey started at Columbia University where she earned a Bachelor of Science. She went on to earn her MBA from Harvard Business School while working as a consultant at Bain. When she decided to take a job at Bankrate and relocate to Denver, she quickly realized the lack of accessible, efficient, and high-quality interior design services. So she went out to start her own.

Havenly quickly gained meaningful traction in just a few years. With its acquisitions of Interior Define, The Inside, and The Citizenry, Havenly is at an inflection point for scale for not just design, but for all things home and goods. In fact, Lee is being awarded BEN Colorado’s 2024 Growth Award “for her magnificent leadership and innovation in building the largest digital-first, direct-to-consumer platform in the home decor market.” We couldn't agree more.

Want to invest in Havenly and other innovative startups? Click here for more information.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and can be obtained by calling 1-888-577-7987 or by visiting the Fund's website at https://www.sweaterventures.com/cashmerefund. Please read the prospectus carefully before investing. All investments involve risks, and past performance is no guarantee of future results.

The content herein is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect to any products or services for any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile, or residence.

Some statements herein may express future expectations and forward-looking views based on Sweater's current assumptions. Statements about companies, securities, or other financial information represent personal beliefs and viewpoints of Sweater or the respective third party. These statements may involve known and unknown risks and uncertainties, potentially leading to different results than those implied or expressed. All content is subject to change without notice.