How Zola Tackles the $100 Billion U.S. Wedding Industry

How Zola Tackles the $100 Billion U.S. Wedding Industry

Assessment

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Business

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Zola, a wedding registration startup, initially faced challenges in a male-dominated VC industry. Despite early rejections, Zola has raised over $140 million and expanded its offerings. The wedding industry is a $100 billion market in the US, with Zola positioned as a potential disruptor. The founder shares insights on overcoming gender biases in fundraising and offers advice to female entrepreneurs, emphasizing persistence and finding the right partners.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the main challenges Zola faced when seeking investment?

High competition in the tech industry

Insufficient market research

A male-dominated venture capital industry

Lack of a solid business model

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much has Zola raised in funding?

$140 million

$100 million

$200 million

$50 million

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated value of the wedding industry globally?

$100 billion

$200 billion

$300 billion

$400 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average cost of a wedding in New York?

$100,000

$75,000

$50,000

$35,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key piece of advice given to female founders facing rejection?

Avoid feedback from investors

Focus solely on male investors

Take rejection personally to improve

Find investors with a shared vision