Sophia Amoruso, founder of Nasty Gal and Girlboss, discusses the rationale behind naming her early-stage venture capital firm Trust Fund with host Jeff Berman.
“It's just a good name. That's it. Like rich kids want to wear the bucket hat. Kids that didn't grow up with money think it's funny to wear a hat that says trust fund on it. Like kids in the Hamptons are wearing hats that say trust fund. It's just funny, and it cuts through the noise”
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More from Sophia Amoruso
AssertionNot checkable as stated
Amoruso: First Online Sales Were Stolen Books on Amazon at Age 17
“The first stuff I sold online was actually on Amazon as a book reseller. But I was selling stolen books. I was, like, 17.”
Sophia AmorusoOct 3, 2024▶ 5:28From accidental entrepreneur to brand expert (Nasty Gal founder Sophia Amoruso) | Masters of Scale
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Amoruso: Strict daily habits do not always correlate with high achievement
“And the whole like habits of highly successful people thing doesn't always correlate with people who are considered highly successful.”
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Amoruso: Brand lives internally and must permeate every operational business component
“A brand is so many things, like you can't pinpoint what it is, it's the name, it's the spirit, it's what you curate, it's how those things blend together, it's the models that you cast, it's the way you style it, it's the quality of the photography, it's the w…”
Sophia AmorusoOct 3, 2024▶ 7:41From accidental entrepreneur to brand expert (Nasty Gal founder Sophia Amoruso) | Masters of Scale
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Amoruso: Peak branding occurs when customers tie their personal identity to it
“I think like the best and highest thing you can do with a brand is have somebody identify with it, have their identity tied to it, and have it give people a sense of confidence, or see a future for themselves that they didn't otherwise, and that's like peak br…”
Sophia AmorusoOct 3, 2024▶ 8:53From accidental entrepreneur to brand expert (Nasty Gal founder Sophia Amoruso) | Masters of Scale
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Amoruso: Without objective brand guidelines, creative decisions devolve into subjective disputes
“If it's debatable what's on brand or off brand, then it's just gonna be like a cluster of people disagreeing, and the haves and have nots of, you know, creative, or culture, or whatever it is that you're trying to create something objective. Outside of you tha…”
Sophia AmorusoOct 3, 2024▶ 12:28From accidental entrepreneur to brand expert (Nasty Gal founder Sophia Amoruso) | Masters of Scale
Disclosure
Amoruso: Invested in Liquid Death at $50M Valuation, Now Over $1B
“So I invested in Liquid Death when it was, like, worth, like, fifty million. And they're, like, over a billion now.”
Sophia AmorusoOct 3, 2024▶ 13:28From accidental entrepreneur to brand expert (Nasty Gal founder Sophia Amoruso) | Masters of Scale
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