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Olivia Ongpin's stepping out and standing
out on the Web. The twenty-eight year old is the co-founder and
co-owner of a stylish small business on the web, Fabric8.com.
Her site is an on-line boutique featuring products from independent
clothing designers, record labels, and makers of jewelry, handbags
and other accessories.
Recently Ongpin was recognized as one of 25 top women on the
Web by San Francisco's WOW, or Women on the Web, organization.
This award is for the advancement of women in technology related
fields, and also for helping increase the number of women on the
Internet to nearly half the total Internet population.
Olivia Ongpin launched the site in the Fall of 1995 with her
business partner Anthony Quintal. The site has grown from selling
the products of one independent clothing designer, "Sui Generis,
to selling the products of seventy five independent designers with
diverse product lines.
"How many hours are there in a week -
that minus eight hours of sleep a night." That's how much Ongpin says she and Quintal
work at Fabric8.com. Olivia says she is able to endure the long work days because she
incorporates her interests and her passions into her work.
It has been like that
from the beginning. Ongpin met her business partner Anthony Quintal in the club scene of
San Francisco. They dated for a while in the early days of fabric8. It was a business born out of
the sights and sounds of the urban scene around them: the fashion, music and styles they enjoyed
and wanted to pass on to others.
Fabric8 was a pioneer in e-commerce, selling goods
over the Internet before Amazon and Ebay. While it has grown in size, fabric8 has maintained
its niche of offering products from independent designers. (Designers who
make their products locally, as opposed to farming them out to cheap labor
abroad, says Ongpin.) And of course the rest of the niche is the distinctively hip and urban
flavor of the products, which is all about Ongpin and Quintal.
In the work, there is some play.
Ongpin's hobbies and social
activities are incorporated into her job. She enjoys her relationships
with the two or three people she knows at each of her 75 designer companies.
To publicize her company, fabric8 also sponsors the odd party or fashion show:
a party at the Gavin music convention in San Francisco, or a fashion show in
Chicago for Good Looking magazine for example. In the work, there is some play.
She says she probably would have eventually started her own business, but
the Internet helped make it possible. "The Internet platform enabled us to a
great extent because we saw an open field there. When the web began to explode,
there were so many positive abstractions around it.". .
Ongpin worked for the
San Francisco Food Bank and wrote for the on-line jazz magazine OnTheOne before starting
fabric8. She is a local girl who grew up in San Francisco and San Mateo and stayed in
the area to go to school. She graduated from Stanford in 1994 with a degree in American Studies.
Anthony Quintal also is local. He graduated from the University of California at Davis
and worked as an architect before fabric8.
Between nothing. . .and I.P.O.
Can Fabric8 survive in an environment where new web ventures are
increasingly large and backed by large investors?
"If the internet is a microcosm
of the real economy than there has to be something between nothing and I.P.O," Ongpin says.
That "something" is a small business. It is fabric8's goal to endure and grow as a viable small
business on the web. Small businesses, in the brick and mortar sense, have
always been called the engine of the economy for their role as innovators
and job creators.
Ongpin's business is small by all accounts. She and Quintal are the only
full-time employees. Ongpin says she's still making less than one million
in sales per year - and notes that technically small businesses are those
which make less than fifteen million annually. To date, Ongpin and her partner
do not have any investors, with the exception of Visa and MasterCard, she jokes.
The two started their business with a combined savings of less than ten
thousand dollars. In the beginning, they did some outside web design projects
to bring in income; and Ongpin stayed at her day job for the first six months.
Like most e-commerce companies, including the biggest ones, Ongpin says she's
investing more money than earning.
Ongpin says Internet startups face more
complex technology and higher entry costs, not to mention more competition today.
The founders were able to learn the technology - just a few languages then - on the
job when they started. In order to put up a dynamic and competitive site with complex
infrastructure on the web now, you need to have more skills and you may need outside investment,
Ongpin says.
Get Rich Quick But the lure is there.
Millionaires permeate the Valley and a get-rich-quick climate prevails. The signs are everywhere
from the SUV's in the Haight neighborhood of San Francisco to the pervasiveness of
cell phones, palm pilots, DVDs and other adult electronic toys. The fairy tale is
about the smart, sometimes nerdy kids who end up getting rich before the clock
turns midnight -before they turn thirty?
As for Ongpin and Quintal, they aren't there yet.
Not yet millionaires, and in her case anyhow, not yet 30. She's 28. He's 32. They haven't ruled out the
possibility of going public - the I.P.O., or the yellow brick road to getting rich.
"There are so many companies starting up with the main idea that they're going
to get rich . . . start up a company. . .get x million dollars in investment, go
IPO and leave. There aren't ideas to create a business that lasts."
Ongpin emphasizes
she is most concerned with creating a business that endures. She can envision herself with fabric8
three years from now. . . and while that may not seem like a long time that would be eight years
from the inception of the business. In Silicon Valley, average job turnover for those under 30 is well
under 2 years.
Future Fashion and Fortune
Ongpin's focus will be on continuing to expand with new designers, while maintaining an emphasis on quality
products, quality design and quality service. She also hopes to capture a growing
international market of customers as well as offer products from designers abroad.
Maybe she will become a millionaire along the way. What kind of millionaire would
she be like? Turning around some of the other things she said, I'd venture the following.
She will be a philanthropist in the style of some of the millionaires at the turn of the
century. She will give money and establish arts, music and other scholarship funds. She
will receive the tax shelter and the good P.R. but will not be solely motivated by it.
Like her business now, she will be motivated by sharing her interests and passions with others.
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