My First Million #42 - Wall Street Bets & Tesla Shorts, Curating Job Boards & Executive Recruitment Firms
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Feb 7, 2020 This insight-packed discussion dives into the challenges faced by direct-to-consumer brands, highlighting regulatory hurdles and market dynamics. The peculiar culture of WallStreetBets is explored, revealing the wild world of Tesla shorts and short selling. The lucrative yet often overlooked realm of executive recruitment is examined, alongside innovative job board strategies. This talk also touches on the complexities of compliance in hiring, and finally, it analyzes Spotify's acquisition of The Ringer, shedding light on shifting podcasting landscapes.
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Harry's Blocked Sale
- Harry's, a D2C razor company, attempted to sell to Edgewell for over a billion dollars.
- The FTC blocked the sale, citing monopoly concerns, despite Harry's primarily online presence.
D2C Shift to PE
- D2C companies may shift towards selling to PE firms, prioritizing profits over revenue growth.
- This could lead to a focus on profitability and valuations based on profit multiples.
Dollar Shave Club Acquisition
- Dollar Shave Club's acquisition by Unilever serves as a test case for D2C exits.
- The success or failure of this and similar acquisitions will determine future big company appetite for D2C brands.