From Zero to $500 Million: The GlossGenius Story | Danielle Cohen-Shohet

In this inspiring episode, we delve into the remarkable journey of Danielle Cohen-Shohet, the visionary CEO behind GlossGenius. We uncover the extraordinary story of how GlossGenius evolved from a nascent idea into a thriving $500 million business. This is a tale of innovation, determination, and groundbreaking solutions in the world of small and medium-sized beauty businesses.
GlossGenius closed a $28 million Series C funding round in 2022 led by the Growth Fund of L Catterton with participation from Bessemer Venture Partners and Imaginary Ventures.
00:22 Intro
00:50 Childhood
01:32 Problems to solve
02:40 Building an MVP
03:50 Starting Go-to-Market
05:03 Challenges had while scaling business
09:29 Customer obsession mindset
11:34 Advice for startup founders
EO stands for Entrepreneurship & Opportunities. We're looking for more inspiring stories of entrepreneurs all over the world, so don't hesitate to contact us! :)
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Subtitles for this video were created using [XL8.ai](xl8.ai/) machine translation.

[@entreprenuership_opportunities]

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[@ReflectionOcean]

- Recognize customer success as your own success (start at 0:00).
- Gain hands-on experience in every business area (start at 0:14).
- Focus on solving real problems for small business owners (start at 0:38).
- Start your product with a feature central to your service, like scheduling (start at 2:41).
- Design and build your MVP to understand and quickly improve your product (start at 3:00).
- Seek unbiased feedback from early users to refine your product (start at 3:53).
- Prioritize hiring people who can adapt and build in an early-stage startup (start at 6:02).
- Scale your business sustainably, focusing on strong unit economics first (start at 7:32).
- Use capital intentionally to scale what's already working (start at 8:42).
- Develop a deep understanding of your strengths and weaknesses (start at 12:28).

[@malikff6873]

Bring More Entrepreneurs...❤
Love the Work...🎉

[@plannerjoy]

6:42 “Early stage startups should hire folks who can roll up their sleeves and get their hands dirty, and who have a builder mentality vs. Someone who is used to a little bit more structure and processes, folks who can navigate ambiguity”. The question is where to find these people. Most people can’t navigate clear processes and have trouble retaining information. The few that have the ability to navigate ambiguity either start their own businesses or not in the startups budget. Most small businesses don’t have access to capital and not a single financial institution will lend you money for Human Resources, one of the most unpredictable resources.

[@geraldoconnor8053]

Calm, composed, smart, focused and driven. Where do I invest?

[@ranjithkumarm6246]

Deserves to be a successful 🤞

[@rashikakde5399]

Amazing🎉

[@turkerkaraoglu1675]

Amazing, doing all the coding for mvp.Wauw.Congrats lady.

[@corail53]

Can we please stop praising companies whose only value is based on funding rounds instead of actual business fundamentals.