Amoruso: It is okay for founders to take a year to make no decisions
Sophia Amoruso · We Give Away 7 Profitable Side Hustle Ideas for 2023 · Dec 20, 2022 · at 37:36
Sophia Amoruso (founder of Nasty Gal and Girlboss) discusses year-end reflection and counteracting the constant entrepreneurial urge to start new projects.
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“I think it's okay. For a year to stop and make no decisions and that to be your goal and to sit with not knowing and ambiguity in the liminal space.”
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More from Sophia Amoruso
Amoruso will no longer build identity-based consumer brands
“Honestly, I don't want to play into people's identities anymore. I've played enough in that realm. I just want to be really good at things and build things that people love that aren't necessarily like I'm a blank because. That can get outdated.”
Amoruso: VCs push founders toward paper markups to impress LPs
“Venture capitalists are beholden to their LPs or the bigger fish that invest in them as one asset that is among a variety of diversified assets. It's their job to, on paper, take your company and say, nasty gal is worth three hundred and fifty million today wh…”
Amoruso: HR is where complaints die and payroll needs no specialist
“I think HR is where complaints, I think HR is where complaints go to die. I think anybody can administer benefits and payroll. I think learning and development is important, and I think all of the benefits that we're talking about can be run by someone much mo…”
Amoruso: Index Ventures built Nasty Gal's pitch deck for $50M investment
“When Index invested fifty million dollars, they literally made a deck. I had never made a presentation, and they were like, we want to invest so much in this company. They propped me up in the boardroom in front of all their partners and just said, like, speak…”
Amoruso: Nasty Gal should probably have been sold before raising VC
“I probably should have sold nasty gal long, you know, before I raised venture capital, cause it was an incredibly profitable, successful business.”
Amoruso: Three-hour morning routines promoted on social media are a scam
“I think it's a scam. I think it's really dangerous to inspire people with a lifestyle or a morning that takes three hours and, you know, unless you can go to bed at nine PM, it's not possible for most of us and it makes most of us feel bad.”