Drybar
11 statements across 1 episodes · 3 bullish · 2 bearish · 1 people on the record · first statement Sep 5, 2024 by Ali Webb · across every show →
Everything said about Drybar, oldest first
Sep 5, 2024
Webb: Drybar bootstrapped to ~11 stores before raising $26M from Castanea
“Because I think we got to like 10 or 11 stores, like bootstrapping it ourselves. And then we raised about twenty six million was our first big tranche from Castaneda with the intention of, you know, opening a lot more stores and starting a product line. And th…”
Sep 5, 2024
Sep 5, 2024 neutral
Webb: Drybar had 150 locations with roughly 70 company-owned when sold
“And, you know, at the end of the day, it's harder to run a company owned operation because you have, you know, of the a 150, there's a 180 actually now, but when we sold it was a 150 and probably 70 or so were company owned and the rest were franchise.”
Sep 5, 2024 positive
Webb: Drybar refused investor requests to add makeup or lashes
“Our investors and even clients are always like, oh, you could sell so many other things here. You could sell makeup. You could offer lashes. You could do all this stuff. I'm like, no, no. You know, I felt very strongly of like we do this one thing and we're th…”
Sep 5, 2024 negative
Webb: Hybrid franchise and company-owned models create competing organizational needs
“I wouldn't recommend it, what, the way we did it, because what we did was, like, we were basically now running two different organizations. One was, like, franchise, and one was company owned, and so the needs of those two stores were quite different, and mana…”
Sep 5, 2024 neutral
Alli Webb: Major beauty conglomerates buy product brands, not service companies
“Unilever, L'Oreal, like, Helen of Troy, who did end up buying us, like, those guys are product, those are huge product companies, they don't want a service company, it's a very different buyer that wants a service business”
Sep 5, 2024
Sep 5, 2024
Sep 5, 2024 negative
Sep 5, 2024 positive
Sep 5, 2024 positive