Opinion
Sarah LaFleur: Email is a declining channel due to inbox saturation
“Email, first of all, I think is just a declining channel. And that's like just the hard truth. It's not that people don't read emails anymore, but it's people get so many of them every single day that it's impossible to keep in track.”
Assertion Contradicted
LaFleur: Professional women's apparel is a $100B–$120B market
“There are thirty million women, age 25 to 45, who work in some sort of corporate environment, and these women spend, on average, for women making 75 K and up, 4000 dollars a year on clothes to wear to work, and so that's roughly a hundred to a hundred twenty b…”
Insight
LaFleur: Advising cash-strapped founders to avoid certain investors is unhelpful
“Telling other entrepreneurs, like, don't just take anyone's money, or be really careful who you take money from. That's all well and good when you've got cash in the bank. When you don't it's really unhelpful advice, because it's true, you really want to make …”
Insight
LaFleur: Publicizing funding amounts creates an unhealthy startup culture identity
“We don't disclose it, and it's so funny because I think there's a real dark side to talking about how much money you've raised, and I think what happens often in startup culture is that, that is what you become known for.”
Opinion
LaFleur: Entrepreneurial success is 99% luck
“Oh it's 99% luck. I always go back to that experience I had in Zambia. It is mostly luck. Being born to the right parents at the right time.”
Insight
LaFleur: Advising cash-strapped founders to be picky about investors is unhelpful
“Telling other entrepreneurs, like, don't just take anyone's money, or be really careful who you take money from. That's all well and good when you've got cash in the bank. When you don't it's really unhelpful advice, because it's true, you really want to make …”
Insight
LaFleur: Early VC rejection preserves founder equity and product vision
“I got to hold on to a lot more of my company because we couldn't raise for a while, but the result was you know, we were, I think, in a position where we could better absorb those financial resources, so there wasn't risk of other investors coming on and sayin…”
Opinion
LaFleur: Publicizing startup fundraising totals has a dark side
“There's a real dark side to talking about how much money you've raised, and I think what happens often in startup culture is that, that is what you become known for.”
Insight
LaFleur: Professional women dress similarly at 27 and 47
“The way she's dressing when she's 27 is not all that different from how she's dressing when she's 47.”
Disclosure
LaFleur: M.M. LaFleur nearly failed after lender collapse and SVB crisis
“In 2023, we had Silicon Valley Bank, which we banked with. That was the scariest 72 hours. But then in 2024, my lender went under, and we had, like, an urgent capital call, essentially, and that actually was probably the closest I've ever come to losing my bus…”
Insight
LaFleur: Niche, single-product businesses struggle to succeed via direct-to-consumer
“I think it's really, really hard to have a single product a fairly niche single product thrive on direct-to-consumer, but I think you would kill it at a lot of outdoor stores, and I think you would kill it with the camp crowd, like Guy said.”
Assertion Not checkable as stated
LaFleur: Luxury brands do multiple fit sessions while cheap brands do none
“Luxury brands can afford to do three or four fittings to really perfect the fit, whereas lower priced brands, they might be fitting it once or maybe never. They might just go straight to production.”
Insight
LaFleur: Women look to colleagues, not fashion magazines, for workwear advice
“Women always They're not looking to fashion magazines to tell them what to wear to work. They're turning to each other. They're asking each other, where'd you get that? Where'd you shop for that?”
Assertion Not checkable as stated
First Bento Box email drove record revenue in a single week
“18% of customers responded to that email saying, sure, send me something. I don't have time, it would be so great if you chose it for me. And we ended up sending those 180 boxes out, and making more money in that one week. Than we ever had in any month leading…”
Assertion Not publicly verifiable
LaFleur: Starwood Capital had only two female investment professionals
“I was one of two female investment professionals, I think, out of dozens, if not hundreds.”
Insight
LaFleur: Luxury brands fit garments multiple times, cheap brands skip fittings
“Luxury brands can afford to do three or four fittings to really perfect the fit, whereas lower priced brands, they might be fitting it once, or maybe never. They might just go straight to production.”
Insight
LaFleur: Garment factories reject unknown designers because most fail within a year
“Most factories are not willing to work with a no-name because I mean, small designers come and go, and so I didn't realize, like, I was like, well, I'm willing to pay you money, and they were like, it doesn't matter if you're willing to pay us money, like, we …”
Insight
LaFleur: Women discover workwear through peer word-of-mouth, not fashion magazines
“And I think one thing I didn't quite realize, you know, women, they're not looking to fashion magazines to
Tell them what to wear to work.
They're turning to each other.
They're asking each other, where'd you get that?
Where'd you shop for that?”
Insight
LaFleur uses referral outs in investor pitches to ease early-stage asks
“One phrase that I developed, which I started using in all of my emails, is, if you or anyone you know might be interested, please let me know. I think the you or anyone else you know gave the other person an elegant out if they weren't interested.”
Assertion Contradicted
LaFleur: Corporate women's workwear is a $100B to $120B market
“You know, there are thirty million women, age 25 to 45, who work in some sort of corporate environment, and these women spend on average, for women making 75 K and up, 4000 dollars a year on clothes to wear to work, and so that's roughly a hundred to a hundred…”
Assertion Not checkable as stated
LaFleur: M.M.LaFleur tripled revenue month-over-month following October 2014 Bento Box launch
“We launched it into official form October, 20 14. We suddenly went from not being able to pay rent to tripling our revenue, you know, oftentimes, month over month.”
Assertion Not checkable as stated
LaFleur: M.M.LaFleur reached $8 million in 2014 revenue, mostly in Q4
“Yeah, it was eight million, but we had made more than half of that in the last 12 weeks of the year.”
Insight
Physical try-ons overcome e-commerce purchase paralysis for premium apparel pricing
“And I think what Bento did, in many ways, is it took that decision paralysis away, because we were getting our products into our customers' hands, and only once they tried it on were they really understanding why these pants cost a 195 dollars”
Assertion Not checkable as stated
LaFleur: M.M. LaFleur revenue plunged 60% in 2020, forcing three layoff rounds
“Our revenue in 2020 was down 60% from 2019. We had to go through three rounds of layoffs.”