Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Webb: Drybar sold its product division for $255 million

Ali Webb · How Drybar's Alli Webb scaled a side hustle into a blowout empire | Masters of Scale · Sep 5, 2024 · at 12:58

Drybar co-founder Alli Webb explains the commercial scale and eventual sale of Drybar's product line to Helen of Troy.

0:00 / 0:08exact quote · 8.5s
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“You know, I don't know if you're, you know this, but like we sold the product division for two hundred and fifty five million. We didn't sell the whole enchilada for, which is an important distinction”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Ali Webb

Assertion Not checkable as stated
Alli Webb: Early male investors made sexual jokes about Drybar's concept
“We really had to educate a lot especially investors, but that's a whole other story. Like men in suits were like, what? You know, so many, like, sexual jokes and whatever, I'm like, yeah, yeah, you know.”
Ali Webb Sep 5, 2024 ▶ 8:08 How Drybar's Alli Webb scaled a side hustle into a blowout empire | Masters of Scale
Insight
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…”
Ali Webb Sep 5, 2024 ▶ 9:56 How Drybar's Alli Webb scaled a side hustle into a blowout empire | Masters of Scale
Disclosure
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…”
Ali Webb Sep 5, 2024 ▶ 15:52 How Drybar's Alli Webb scaled a side hustle into a blowout empire | Masters of Scale
Insight
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”
Ali Webb Sep 5, 2024 ▶ 16:53 How Drybar's Alli Webb scaled a side hustle into a blowout empire | Masters of Scale
Prediction Open · timeframe Sep 2027
Webb predicts Squeeze will reach 500 locations within three years
“I mean, I'd like to see Squeeze, you know, expand to, like, at least 500 locations across the country, and I think that's a real doable, achievable goal, for sure.”
Ali Webb Sep 5, 2024 ▶ 28:04 How Drybar's Alli Webb scaled a side hustle into a blowout empire | Masters of Scale
Assertion Partly supported
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…”
Ali Webb Sep 5, 2024 ▶ 6:22 How Drybar's Alli Webb scaled a side hustle into a blowout empire | Masters of Scale
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