The Retail X Series Podcast
Are you an early stage founder revolutionizing the future of retail? Then you’re in the right place. My name is Sapna Shah and I’m an angel investor investing at the preseed stage in retail tech, ecommerce, marketplaces and consumer. I’m also the founder of Retail X Series, an ecosystem to help early-stage founders in the retail sector. Retail X Series includes events, a YouTube channel, a Slack community, resources for founders, and this podcast. In this podcast, I interview founders, investors and experts in the retail space, and we dig deep into the tactics around key topics that early-stage founders want to hear about. Welcome to the Retail X podcast.
The Retail X Series Podcast
Getting to a Successful Exit Featuring Ju Rhyu of Hero Cosmetics
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Sapna Shah
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Episode 41
When you’re just starting up your company, it may feel too early to be thinking about a future potential exit. But how does that exit ultimately happen? This episode features Ju Rhyu, co-founder and CEO of Hero Cosmetics, who sold her company for $630 million dollars to a strategic acquiror. Ju will talk about the decisions she and her co-founders made along the way that ultimately led them to a great outcome.
Topics:
- Why a focus on what your ultimate outcome is important for how you set up your business from the beginning
- How bootstrapping and a deep focus on profitability set up Hero for success
- When and why Hero thought outside investors would be helpful
- The key metrics that the co-founders of Hero focused on to be ready for exit
- How the co-founders decided it was time to exit
- How the exit process works, including if founders stay post-acquisition or not
- The emotional side of selling your startup
- Why a focus on fundamentals is the most critical thing you can do in your own company
Music by Eino Toivanen, kongano.com
Learn more at Retail X Series and follow @retailxseries on Twitter and Instagram.
To submit a pitch or to find out more about Sapna Shah, check out Red Giraffe Advisors.