Forbes Cover to Bankrupt to Back on Top | Sophia Amoruso
Jordan Belfort, the Wolf of Wall Street, welcomes Sophia Amoruso (founder of Nasty Gal & Girlboss) to the show to discuss growing her company to a $350M valuation, writing a best-selling book, being on the cover of Forbes while pulling in $100M in earnings...and then filing for bankruptcy.
JB and Sophia also dive into their thoughts on the state of entrepreneurship, what Sophia's doing to empower women to be their own boss, the pros & cons of venture capital, growing up with parents who both worked on commission, hard lessons learned from Nasty Gal, & advice for building a successful brand from scratch.
SOPHIA AMORUSO - Sophia Amoruso is a world-renowned entrepreneur, best-selling author, and respected CEO. At 22, she founded Nasty Gal, a women's fashion retailer, which experienced early rapid growth by tapping into the powerful social media channels of Facebook, Twitter, and Instagram.
During Amoruso's tenure, the company experienced immense success. From 2008 to 2011, sales rocketed 10,160%, making Nasty Gal one of the fastest-growing retail companies ever. In 2012, the company reported revenues of over $100 million, raised $49 million from venture capital firm Index Ventures — an early investor in Asos and Net-a-Porter — and leased a 500,000-square-foot fulfilment centre.
In 2016, she was named one of the richest self-made women in the world by Forbes. However, Nasty Gal was later forced to file for bankruptcy, decimating Amoruso's fortune.
During this period, she managed to also author a best-selling book, #Girlboss, which was adapted into a television series of the same name for Netflix.
Today, she runs Girlboss Media, the platform she founded to create content geared toward a female audience. With this in mind, Amoruso hosts yearly Girlboss Rallies, weekend-long instructional events for young entrepreneurs. Her mission is to encourage and inspire millennial women to follow through with their personal and professional pursuits.
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