Episode
#72 with Sophia Amoruso - GIRLBOSS
Description
Today we hang out with Sophia Amoruso (@sophiaamoruso), founder of Nasty Gal & Girlboss. Her story is bananas. She is a community college dropout who created a company that at its peak was valued over $400M+. She has had highs (sold over 500k copies of her book) & lows (nasty gal eventually crumbled) and we talk about both. I was pretty blown away by her honesty. She wasn't trying to make herself sound good or look good (which ironically, made her sound/look great to me). We start with some fun topics like The Bachelor & her favorite cars she's owned (2:23), About her background and businesses (4:45), The story of Nasty Gal: $30m revenue, Index putting $50M investment and her selling life changing secondary (6:44), Expectations after raising venture capital (11:31), Starting conference businesses (15:54), Being a starter vs. operator (17:16), Downsides of being the CEO (20:52), How she got her book to sell 500K copies (24:54), Her investment portfolio of startups and funds (29:17), What's in store for her in the next 10 years? (32:45), Freemium vs Subscription for content (37:13), Opportunities and trends she's seen in the media + retail space (40:06) and Sam's great book recommendation with a horrible - How to Get Rich by Felix Dennis (43:27) Today's ep is possible because of Superside! Head to www.superside.com to hire a dedicated team of designers for your project! See acast.com/privacy for privacy and opt-out information.
Chapters
HubSpot CRM is an all-in-one platform offering automation tools and allowing companies to keep track of contact information, deals and team data, enabling better team collaboration and customer service.
00:00 - 01:03 (01:03)
Summary
HubSpot CRM is an all-in-one platform offering automation tools and allowing companies to keep track of contact information, deals and team data, enabling better team collaboration and customer service. Superside.com is also mentioned as a quick design option for those in need.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The podcast features a discussion about The Bachelor and why the host is universally disliked.
01:03 - 03:07 (02:04)
Summary
The podcast features a discussion about The Bachelor and why the host is universally disliked.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The speaker talks about owning a Porsche and Jaguar F-Type, selling her company, and going through a rough time before getting into a Twitter rabbit hole about people who believe that Tesla is a fraud.
03:07 - 07:42 (04:34)
Summary
The speaker talks about owning a Porsche and Jaguar F-Type, selling her company, and going through a rough time before getting into a Twitter rabbit hole about people who believe that Tesla is a fraud.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The speaker shares a personal anecdote about his lack of financial literacy when it came to business funding and investment, highlighting the importance of understanding basic financial principles as an entrepreneur.
07:42 - 10:20 (02:38)
Summary
The speaker shares a personal anecdote about his lack of financial literacy when it came to business funding and investment, highlighting the importance of understanding basic financial principles as an entrepreneur.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The decision to take money off the table as an entrepreneur, especially in the growth stage, can sometimes be a difficult one, but ultimately depends on how much of the company is still owned and the potential risks involved in the decision.
10:20 - 16:15 (05:55)
Summary
The decision to take money off the table as an entrepreneur, especially in the growth stage, can sometimes be a difficult one, but ultimately depends on how much of the company is still owned and the potential risks involved in the decision.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
Many successful entrepreneurs have a background in small business operations, and the transition to scaling up can be easier for them.
16:15 - 21:05 (04:49)
Summary
Many successful entrepreneurs have a background in small business operations, and the transition to scaling up can be easier for them. However, this is not always acknowledged or viewed positively.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The speaker reflects on how their experience has allowed them to have a better understanding of supply chain and how they may give their generation hope.
21:05 - 25:32 (04:27)
Summary
The speaker reflects on how their experience has allowed them to have a better understanding of supply chain and how they may give their generation hope. Additionally, they discuss the importance of not caring what others think despite facing criticism.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The transcript features an author's experience of overcoming doubts in the initial stages of becoming an author, the response she received from editors regarding her book's potential niche, working with agencies to market herself and create a personal brand, and the change in her thinking throughout the journey.
25:32 - 33:07 (07:34)
Summary
The transcript features an author's experience of overcoming doubts in the initial stages of becoming an author, the response she received from editors regarding her book's potential niche, working with agencies to market herself and create a personal brand, and the change in her thinking throughout the journey.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The guest speaker talks about being in a leadership position and only focusing on important tasks while delegating the mechanics of operating the business to a great team.
33:09 - 37:50 (04:41)
Summary
The guest speaker talks about being in a leadership position and only focusing on important tasks while delegating the mechanics of operating the business to a great team. Additionally, it explores how opportunity led her to where she is today and not necessarily following a concrete plan.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The podcast host interviews an entrepreneur who is similar to Richard Branson but more vulgar.
37:50 - 46:27 (08:36)
Summary
The podcast host interviews an entrepreneur who is similar to Richard Branson but more vulgar. They dive into the world of government incentives for small businesses and startups and discuss how this system is often opaque for those not in the know.
Episode#72 with Sophia Amoruso - GIRLBOSS
PodcastMy First Million
The speaker shares their experience of buying large quantities of books at the airport while under the influence of Xanax before a flight.
46:27 - 48:00 (01:33)
Summary
The speaker shares their experience of buying large quantities of books at the airport while under the influence of Xanax before a flight.