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The Wolf's Den

Forbes Cover to Bankrupt to Back on Top | Sophia Amoruso

The Wolf's Den

Jordan Belfort

Society & Culture, Business

4.71.2K Ratings

🗓️ 17 June 2020

⏱️ 62 minutes

🧾️ Download transcript

Summary

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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Transcript

Click on a timestamp to play from that location

0:00.0

I had Logan Paul my podcast.

0:05.0

Would Logan do it with?

0:08.0

Logan would kick your ass, I think.

0:09.6

You're riding a fantastic wave.

0:12.2

How could you not make some mistakes along the way?

0:14.6

How can you be for small government and then have the government dictate all these things in your

0:17.8

personal life, right?

0:18.8

You idiots, you got it completely wrong.

0:20.6

You just wake up and stop.

0:22.4

I was walking down the hallway like a

0:23.8

dotted bull with a needle sticking out in my ass coming to five steps to like to the

0:27.4

games a point where someone like you would say I want this guy in my life I want to

0:30.9

help this guy. Hey guys J. B here the Wolf of Wall Street in the Wolf's den for another

0:40.6

amazing episode I got a really smart woman who's accomplished a lot throughout

0:47.0

her young life and has also made some mistakes along the way and had some rises and some falls and it re-rises again, so I have even

0:54.8

that much more respect for. Before we get to the actual podcast, obviously there's some things going on in the world right now, which

1:01.6

probably deserve a bit of addressing. So before we get

1:05.6

started I want to just you know give you my take on on what's going on politically.

1:10.8

I don't want to make this too political because I'll alienate half the world's the problem when you get political.

1:16.0

But there's things I have to say right now.

1:18.0

Starting with this movement, which is the single dumbest thing I've ever heard ever and before you

1:25.7

judge me and hate me you have to listen through to the end all right the dumbest

...

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