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Amy Errett, chief executive of Madison Reed, the hair-color startup she founded in 2014, worked for the first decades of her career in finance and in venture capital . Despite those industries' reputations, it was within them that she carved out her signature leadership style, which she describes as "leading with love from an open heart." Foundationally, the style involves treating employees with respect, empowering their voices in decision-making, and showing up as her full, transparent, self. She tells Inc.'s What I Know podcast that "leading with heart" isn't some mushy concept. In fact, it's especially applicable when having tough conversations. "It's really true and authentic, including having to deliver bad news," she says. "I love you. So I am going to tell you the whole truth, right? I am not going to have a conversation that isn't direct, open, loving, from the intent of the heart." If this sounds a bit like parenting, it's not far off, Errett admits. … [Read more...] about This Founder Has $236 Million From Investors Including Jay-Z. Here’s How She’s Gearing Up For Hyper-Growth

I really pity the people who are still holding their breath and waiting for life to get back to normal: that glorious day when we all triumphantly return to business as usual. I've been struggling for a simple way -- by example or analogy -- to break the ugly news to them that they're dreaming. And to demonstrate that, post-pandemic, for a variety of reasons we'll never again look at our lives, our careers, or the world in the same way. Not that that's exactly a terrible thing; nostalgia and tradition are very often just bad excuses to avoid change. We'll never progress by trying to live our lives looking backward. That's why the car's windshield is so much bigger than the rear-view mirror. So, I've settled on single symbol: the ratchet. Not the "full ratchet," which is a venture capital deal provision that protects early investors from later dilution, and something all founders dread. (And lovingly call rat s--t). I'm referring to a basic mechanical device that allows motion … [Read more...] about 4 Pandemic Changes That Will Change Your Business Forever

Maybe you were building a new business and well on your way to new heights and great things before Covid-19 -- growing like crazy and hiring folks left and right. Now you're faced with the new post-pandemic reality that bringing your people back to the office, or finding suitable replacements, isn't going to be as quick and easy as you thought. I've got some advice for you: If you want to build a sustainable, long-term and committed workforce, which is the foundation for every successful startup, please don't beg or bribe your people, or any new people, to return to work or join the team. Startups are hard enough when everyone's fully on board, pulling in the same direction, and excited about the journey. Getting good players isn't difficult; getting them to play well together is the whole ball game. If people are going to be asked to give it their all, then it is important that they share in, and are connected to, the vision -- the dream -- and shown a credible path to get … [Read more...] about Don’t Bribe Them to Come Back–Tell Them to Stick It

Share to Twitter Share to Linkedin Madison Reed is doubling down on future growth in its salon and at-home hair color businesses which combined have had over 5 million customer interactions. The company, founded by current CEO, Amy Errett, has recently announced new executives to its board of directors along with internal management moves to further its mission of expanding Madison Reed’s access to more customers across the U.S. market. In an exclusive interview with Errett, it was clear that the company is on a mission to provide access to prestige beauty hair care for more people online, in salons and through its retail partners like Ulta Beauty ULTA . New board members provide experience and diversity Michael Dubin and Stephanie Davis Michelman will be added as board members and both come with heavy experience in scaling beauty businesses. Dublin is the founder and former CEO of Dollar Shave Club, driving the company to a $1 billion dollar acquisition … [Read more...] about Madison Reed Adds New Board Members As Business Grows

Share to Twitter Share to Linkedin Madison Reed, the prestige beauty brand that revolutionized the hair color industry, has raised $33 million in new financing led by Sandbridge Capital, with participation from Marcy Venture Partners. The company plans to further its omnichannel expansion of hair color bars and retail locations and continue its investments in product innovations. The company which was founded by its current CEO, Amy Errett in 2013, has grown its business portfolio from a direct-to-consumer brand to an expansive omnichannel powerhouse including continued direct-to-consumer sales, its own retail salon locations, and partnerships with retailers like Ulta Beauty ULTA . The Hair Color Bar locations have expanded to include over 60 nationwide. Madison Reed has interacted with more than 5 million customers since launching. Access to high-quality Smart 8-Free hair color In an interview with Errett, she discussed how Madison Reed’s goal is … [Read more...] about Madison Reed Secures $33 Million To Fund Its Omnichannel Expansion

Share to Twitter Share to Linkedin Given Chloe, Poppy and Cara Delevingne’s respective professional successes over the years, it’s surprising it took a global pandemic to join forces. The sisters’ very first collaborative venture—Della Vite—launched in the UK in August 2020 with the unveiling of two premium Proseccos: Della Vite Prosecco Superiore DOCG and Della Vite Treviso DOC. And, despite a general apathy towards the Italian sparkling wine at the time, it went down a storm. “I think for anyone bringing a new product to the market, there are always concerns associated with it, but there was something quite liberating about bring something new, fresh and exciting to a category which didn’t have the best reputation,” says Chloe. “Entry-level Prosecco is a saturated market, but there aren’t many better-quality options out there. People don’t tend to have a favourite brand of Prosecco in the same way as they do champagne or gin. That’s what we’re … [Read more...] about The Delevingne Sisters On Prosecco, Pandemics And Pink Drinks