4.4 • 637 Ratings
🗓️ 12 January 2018
⏱️ 36 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Henry Davis is the President and COO @ Glossier, a New York brand that has taken the beauty world by storm. To date they have raised close to $35m in VC funding from some of the best in the business including past guests on the show Kirsten Green @ Forerunner, Index Ventures, IVP and our friends at Thrive. As for Henry, prior to entering the world of beauty and brands with Glossier, he sat on the other side of the table as a VC with Index Ventures in London. Before that, for his sins, Henry spent time in the world of corporate finance with Citi Group.
In Today’s Episode You Will Learn:
1.) How Henry made his way from rising star in London VC with Index to President of New York's hottest beauty brand, Glossier?
2.) From a personal security standpoint, was it tough to move from a more secure role in VC to startups? Why does Henry believe the nature of risk is forgotten in entrepreneurship? Why does Henry believe the best entrepreneurs risk mitigate?
3.)What does branded e-commerce really mean to Henry? Why does Henry believe that Amazon have already won multi-brand? What 3 dimensions does Henry present for how Amazon has changed a consumer's expectations of e-commerce? Have Amazon done more to make the market than destroy it?
4.) Why does Henry not believe that brands have as much brand loyalty as they think they do? With that in mind and many recent acquisitions, is this not a market of consolidation? Why are acquisitions cheap for incumbents today? How does this compare to the supply of capital available to startups, ultimately, altering their willingness?
5.) Henry has stated before that there are 3 strategies that can be done to improve diversity in the workforce, what are they? How must your hiring process be structured? How must your culture be structured? Where do most people go wrong in hiring diverse teams?
Items Mentioned In Today’s Show:
Henry’s Fave Book: Anna Karenina
Henry’s Fave Blog: Human Rights WatchÂ
As always you can follow Harry, The Twenty Minute VC and Henry on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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0:00.0 | You are listening to the 20 minute VC with me, Harry Stebbings. I want to start today with a huge |
0:04.2 | thank you to all of you for your support. Three years ago yesterday, I started the 20 minute VC from my |
0:09.3 | bedroom, in my family home. Today we have listeners in 191 countries, over 20 million downloads, |
0:15.3 | and a fantastic team of five behind the scenes here. And if you'd like to see more behind the scenes, |
0:19.8 | you can on Snapchat, simply add at 8th Stebbings. It would'd like to see more behind the scenes, you can on Snapchat, |
0:21.1 | simply add at H. Stebbings. It would be fantastic to see you there. However, to the show today. |
0:25.8 | And warning ahead of time, today's episode features two very English gentlemen, |
0:29.9 | drinking tea and talking beauty brands. What more could you want from your Friday afternoon |
0:34.0 | podcast listening? So without further ado, I'm thrilled to welcome Henry Davis, |
0:37.6 | president and C.O. at Glossier, a New York brand that has taken the beauty world by storm. |
0:43.0 | To date, they've raised close to $35 million in VC funding from some of the best in the business, |
0:47.8 | including past guests on the show Kirsten Green, at Forerunner, Index Ventures, IVP, and |
0:53.2 | our friends at Thrive. |
0:54.4 | As for Henry, prior to entering the world of beauty and brands with Glossier, |
0:57.9 | he sat on the other side of the table as a VC with Index Ventures in London. |
1:01.6 | Before that, for his sins, Henry spent time in the world of corporate finance with Citigroup. |
1:05.9 | And I'd also want to say a huge thank you to both Kirsten Green at Four Oner and Roseanne at IVP for the intro to Henry |
1:11.2 | today, creation of a beautiful friendship and I really do appreciate that. However, before we meet |
1:15.8 | today's guest, it's the new year and everyone is thinking of health and diet, and so this month's |
1:20.0 | partnerships will be aligned to that. And did you know that office snacks are the third most |
1:24.1 | requested perk by employees, with 83% suggesting it to be a huge perk. |
1:28.8 | Well, that's where Naturebox comes in. |
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