retail

“If you can own your audience, right, which if you can get them into a subscription that's one way to own them and then upsell them on products like that is a much more viable strategy than being beholden to retail.”

“Brands built prior to that era, especially in non-tech categories, so think CPG, beauty, retail, et cetera still can flourish. In fact, like What's old is new again.”

“And the interesting thing is, it's really unclear who's buying it after you unless the rules of the S and P 500 change. And the answer is structurally retail has to buy it after you.”