CEO & Co-Founder
Naadam Co-Founder & CEO Matt Scanlan’s “Millennial Capitalism” is changing the 1,000 year old cashmere industry and is leading the way for sustainable sourcing across any category. Naadam is a brand specializing in rare cashmere sourced responsibly and sustainably from nomadic Mongolian herders. Scanlan left a background in venture capital to found the business by purchasing 40 tons of cashmere with millions in cash packed in plastic bags in the middle of the Gobi Desert in Mongolia. His goal: create a higher quality cashmere product at an affordable price. Naadam is all about supply chain sustainability. They support herders' livestock through microeconomic development, thereby gaining first access to the world’s finest fibers. To Matt this isn’t charity - it is smart business. The business model works cyclically, circulating a percentage of profits to preserve herders livestock through annual vaccination programs.