Galyn Bernard, co-founder of Primary, explains why building a dedicated direct-to-consumer brand for children's basics differentiates them from traditional retail clothing stores.
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“By focusing on it, we could actually do it really well in a way that was sort of profitable, and, you know, a solid business, and the basis of an amazing customer relationship, where, yes, a bunch of other companies could and do sell and A basic white t-shirt sort of in the corner of their store. But it's an afterthought, and so the experience around it and sort of the benefit of it is just very different for those brands.”
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More from Galyn Bernard
AssertionNot checkable as stated
A Series A investor reneged on Primary due to portfolio conflict
“And so we jumped on the phone and yeah, the message was, you know, I'm so sorry, but I have another company in my portfolio that is sort of pivoting into the same space and I can't make this investment now.”
Galyn BernardJan 15, 2024▶ 44:12Primary: Christina Carbonell and Galyn Bernard
Insight
Primary resolves co-CEO disagreements by deferring to the more passionate founder
“In an instance where we don't totally agree, we're both very happy to sort of let the other person, whoever feels strongly, be the decider.”
Galyn BernardJan 15, 2024▶ 57:59Primary: Christina Carbonell and Galyn Bernard
Disclosure
Primary secured a $2.5 million seed round after fifty pitches
“We had probably more than 50 meetings ended up with two sort of lead venture investors, as well as, like, a bunch of friends and family who, you know, were sort of excited about the idea and wanted to be supportive. So, yeah, we raised two and a half million i…”
Galyn BernardJan 15, 2024▶ 35:06Primary: Christina Carbonell and Galyn Bernard
Insight
Primary requires new evergreen clothing products to have five-year lifespans
“So when we started, you know, sort of our concept of evergreen was that if we were going to launch something, we needed to believe that we could sell it for at least five years.”
Galyn BernardJan 15, 2024▶ 54:08Primary: Christina Carbonell and Galyn Bernard
Disclosure
Primary plans to partner with larger retailers for international physical expansion
“The idea of having a partner at some point in the future who Maybe has some deeper pockets than we do, and who also has had experience in additional distribution channels or physical retail or international or, you know, sort of other growth areas that Christi…”
Galyn BernardJan 15, 2024▶ 1:07:27Primary: Christina Carbonell and Galyn Bernard
Disclosure
Primary initially targeted a $750,000 seed round to finance inventory
“Our target was 750,000 dollars to basically get us to the point where we were ready to launch, so our first inventory buy, obviously some product development along the way, and then mostly otherwise it was people who could help us build a website, could help u…”
Galyn BernardJan 15, 2024▶ 27:50Primary: Christina Carbonell and Galyn Bernard
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