Episode #476
Nasty Gal went from an eBay side hustle to a business doing $100M in sales in under a decade. Behind it was the most famous “Girlboss” in America, Sophia Amoruso. She had no business experience, management training, leadership coaching, background in logistics, business financials, or running an online shop. Somehow, she built a business to heights few entrepreneurs ever reach, owning an extremely profitable clothing empire and finding herself on the cover of "Forbes." But then, Nasty Gal went bankrupt. What happened?
Sophia joins us on the show today to explain it all. She’ll share her full financial story, which included watching her parents go bankrupt, eventually selling her business, and seeing it suffer the same fate. From entrepreneurial mistakes to risks Sophia took that led her to massive financial success, Sophia has seen both success and failure, and she has priceless insight to offer any aspiring entrepreneur or investor.
If you want to build a business, invest in one, or start a profitable side hustle, Sophia can help. She’ll also uncover what led to Nasty Gal’s downfall, the pressure “Girlboss” put on her, and why growing too fast can kill your financial future.
Show Notes at:
https://link.chtbl.com/Money
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Connect with Sophia:
#GIRLBOSS Book: https://www.amazon.com/GIRLBOSS-Sophia-Amoruso/dp/1591847931
Business Class: https://www.businessclass.co/
Instagram: @sophiaamoruso or https://www.instagram.com/sophiaamoruso/
LinkedIn: https://www.linkedin.com/in/sophiaamoruso/
Trust Fund: https://www.trustfund.vc/
Twitter/X: @sophiaamoruso or https://twitter.com/sophiaamoruso
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Connect with Kailyn on Instagram:
@kailynhopebennett or https://www.instagram.com/kailynhopebennett/
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Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
01:39 Bankrupt Parents and Financial Beginnings
07:36 From Nothing to $20M+ with Nasty Gal
12:49 Leaving eBay to Sell Solo
15:04 Investors Come Knocking
17:57 Dangerously Fast Growth
22:22 Nasty Gal Goes Bankrupt
33:15 What Sophia Invests In
37:57 Advice for Entrepreneurs
39:26 Connect with Sophia!
40:03 Wrap-Up