Madison Maxey Is Building A Business On The Frontier Of High-Tech Fabric

This article was originally published on Forbes.com on October 12, 2016.
Written by: Susan Adams and Forbes Trep Talks

In 2013, Madison Maxey, 23, became the first fashion designer to win a $100,000 Thiel fellowship, set up by billionaire PayPal cofounder Peter Thiel to fund young people who want to pursue entrepreneurial ventures instead of going to college. She had already dropped out of Parsons School of Design after one semester and started a company making women’s blazers. Her proposal to Thiel involved her interest in making patterns for clothing using 3-D modeling, which would cut down on production costs because the patterns would have fewer seams. She has since founded a Brooklyn-based company called Loomia…