Sarah Kunst graduated from college in 2008 and went straight into the luxury marketing world with a job at Chanel.
Then, the stock market collapsed and Kunst was laid off. It was that layoff, Kunst says, that brought her to the world of startups and eventually to founding her own firm, Cleo Capital, to invest in diverse founders.
“Without the recession, I would probably still be at Chanel,” Kunst said. “Cleo wouldn’t exist.”
Silver linings amid a layoff is exactly the thesis of Kunst’s newest effort: a six-week fellowship, called Chrysalis, for anyone who has faced job cuts as a result of COVID-19. Kunst wants to bring together smart people that have been laid off from top companies.
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