# Michael Wang

> Michael Wang is the cofounder and CEO of Cider, a Gen Z fashion brand he started in September 2020 during the pandemic and grew into a billion-dollar, social-first company selling trend-driven womenswear to more than 100 countries. A UC Berkeley applied-math graduate and former KKR and IDG Capital investor, Wang built and ran market strategy for YCloset (often called the Rent the Runway of China) before founding Cider. He installs his own software inside factories, releases new styles daily on a near-zero-inventory model, and treats Instagram and TikTok as the storefront. He was named to Forbes 30 Under 30 in 2018.

- **Role:** Cofounder and CEO at Cider
- **Organizations:** Cider, YCloset, IDG Capital, KKR
- **Nationality:** United States
- **Education:** B.A. in Applied Mathematics and Operations Research & Management Science, University of California, Berkeley
- **Known for:** Cofounded and leads Cider, a Gen Z fashion brand valued at over $1 billion within roughly 18 months of launch, Named to Forbes 30 Under 30 (2018), Grew Cider to sell 2-3 million garments a month across more than 100 countries

## Career timeline

- **2012** — Joined KKR as a private equity investor evaluating opportunities in Greater China (2012-2014)
- **2014** — Moved to IDG Capital as a TMT investor focused on early-stage e-commerce and IoT (2014-2016)
- **2016** — Cofounded YCloset, Asia's largest fashion rental platform, leading market strategy (2016-2020)
- **2018** — Named to the Forbes 30 Under 30 list
- **2020** — Cofounded Cider in September and became CEO, launching a social-first Gen Z fashion brand
- **2021** — Closed a $130M Series B (co-led by a16z and DST Global) valuing Cider at over $1 billion
- **2023** — Opened Cider's NYC pop-up at 33 Howard Street, pushing into omnichannel retail

## Achievements

- Cofounded and leads Cider, a Gen Z fashion brand valued at over $1 billion within roughly 18 months of launch
- Named to Forbes 30 Under 30 (2018)
- Grew Cider to sell 2-3 million garments a month across more than 100 countries
- Built one of the fastest-growing fashion followings on Instagram and TikTok
- Raised about $140M-$162M total, including a $130M Series B co-led by Andreessen Horowitz and DST Global
- Previously cofounded YCloset, Asia's largest fashion rental platform

## Latest updates

- **2023-11** — Cider opened a 2,400-square-foot pop-up at 33 Howard Street in New York, signaling a move into omnichannel retail.

## Links

- Website: https://shopcider.com
- LinkedIn: http://www.linkedin.com/in/michael-wang-1b108016
- Twitter/X: https://twitter.com/shopcider
- Facebook: https://www.facebook.com/cmichaelwang/

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Profile page: https://yespress.io/michael-wang
Published by YesPress — https://yespress.io
Last updated: 2026-06-10