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Private Equity: Learn How to Raise Capital with Drybar’s Largest Investor

Private Equity: Learn How to Raise Capital with Drybar’s Largest Investor

FromRaising the Bar with Alli and Adrian


Private Equity: Learn How to Raise Capital with Drybar’s Largest Investor

FromRaising the Bar with Alli and Adrian

ratings:
Length:
64 minutes
Released:
Jan 24, 2020
Format:
Podcast episode

Description

In 2012, two years after its first store opened, Drybar announced that it had closed $16 million in financing with private equity firm Castanea Partners. Since then, Drybar has raised more than $50 million in venture capital to date. And just last month, Drybar sold its product line for $255 million in cash to Helen of Troy, a consumer group with a portfolio that includes OXO, Braun, and Hot Tools. It's been a long journey, and there's no one better to discuss the ups and downs of Drybar's money story than Steve Berg, Castanea's managing partner. Steve catches up with Michael and Alli to discuss the early days of raising money at Drybar, finding new investments and working with beauty companies, and his new firm called Stride Partners. Plus, he answers the most common money questions Alli's gets from entrepreneurs in her DMs. Learn more @castaneapartners. And don't forget to follow @alliwebb for #BTS of Raising The Bar and subscribe and rate us!   Produced by Dear Media. 
Released:
Jan 24, 2020
Format:
Podcast episode

Titles in the series (100)

A show for entrepreneurs, for anyone who wants to know about business, or how to have a life while having a business. Founders Alli Webb and Michael Landau speak to budding and successful business owners whose ideas they love. Alli started their business Drybar by driving herself around to homes in Los Angeles to give blow-outs to clients, but then their business took off. Now, Drybar has over a hundred stores across the country. Alli and Michael share what it takes to risk everything on a great idea, they share the things they’re obsessed with -- and they fight like brother and sister. Oh, did we forget to mention that Alli and Michael are also siblings?