Chief Executive Officer of TechStyle, formerly known as JustFab, attended an interview session on CNBC to discuss the corporations re-branding. He stated that the company had made advancements on its subscription services based on their customers’ feedback. For the customers who opt to enroll in their VIP program, they are expected to pay a certain fee at the end of every month but are allowed to skip a payment at least for a month. He continued to say that the company has prioritized always to inform their customers to pay a monthly visit so as to emit a certain month of payment.
After Mr. Goldenberg had been asked about what makes TechStyle stand out from other online based fashion companies, he said that their aim is not only to sell brands but also build them. He is confident that they have a chance to create brands at a fast rate with the help of a sales model and online subscription. Back in 2014, Adam directed a funding which they managed to raise $85 million during a valuation of $1 billion. He stated that TechStyle is an enterprise that is capital-intensive as it handles all its retail, manufacturing, and design processes.
Mr. Goldenberg founded the company alongside Don Ressler in 2012. They later recruited a creative director, Kimora Simmons, among other celebrities so as to run their lines under their firm. They have undergone massive growth and also acquired several small companies which go through a couple of rounds of investing. The company is also planning to set up an average of 100 stores in the USA in the coming five years.
Shawn Gold, a newly recruited corporate marketing officer, developed the new industrial name, TechStyle, which was inspired by the brands ShoeDazzle, JustFab, Fabletics, and Fabkids. At this position, his role is to oversee the efforts of the brands so as to ensure consistency with the corporate identity. Gold mentioned that they have only been building the business without putting in enough focus. He continued to state that many companies which deal with online fashion are normally less steak and more of sizzle.
After raising the $85 million, Don Ressler stated that the obtained money was not going to change them regarding their operating methods. He has always believed that to build a great business, one ought to create value rather than building towards a certain outcome. Their aim is to build a $3 billion- $5 billion Company despite the much work they have to do so as to eliminate the distractions. http://rgtadvisors.com/bio/adam-goldenberg/
Adam Milstein was added to a top 200 list of most influential Do-Gooders in the world in April of 2017. Adam is joining a growing list of reputable businessmen turned philanthropist, such as Warren Buffet, Bill and Melinda Gates, and Mark Zuckerberg to name a few. Adam admits that his philanthropic work is one of the most satisfying parts of his life. He ready thanks his wife and the Israeli-American Council (IAC) for their support of his charitable work.
At the core of his belief and work are two pillars: strengthening the Jewish people and their homeland, the State of Israel. The foundation, the Adam and Gila Milstein Family Foundation, works to strengthen the Jewish people and the State by building up pride and support pro-Israel groups and through fostering relations with the U.S.-Israel Alliance.
Adam Milstein was born in Haifa, Israel to Eva and Hillel Milshtein and was the eldest child. In 1971 Adam joined the Israeli Defense Forces for his mandatory term. In 1973 he fought in the Yom Kippur War. Milstein later enrolled at Technion where he graduated in 1978 with a Bachelor of Science in Business and Economics. In 1974 he married his wife, then Gila Elgrably, in Haifa and their first daughter was born in 1976. A second child was born in 1980, and the third in 1990. The Milstein family relocated to the United States in 1981.
Professionally Adam Milstein is a managing partner of Hager Pacific Properties where he manages nearly $2 billion worth of properties across the county. He owes his great success to his understanding and incorporation of the Jewish faith. Additionally, Adam is a co-founder and national chairman of the Israeli-American Council. Adam is also on the board of several organizations such as the Israel on Campus Coalition, the Los Angeles Board of Birthright Israel, and the Jewish Funders Network to name a few. Adam and his wife also co-founded Sifriyat Pijama B’America, or organization that provides free monthly books in Hebrew to Israeli-Jewish-American families in the United States. Adam has sincerely dedicated his adult life to giving back to the Jewish people.
Our culture has long been fascinated with the world of entrepreneurs and leaders of industry as it something most will never see despite their actions. The world of those who are willing to take their dreams and travel the distance to making them a reality has the draw of a world in which effort and hard work are alway repaid. Whether it is Edison, Rockefeller, Jeff Bezos, Elon Musk, or even Bill Gates the public has always been curious to learn from those individuals who have made a name as being the top of their individual field and industry.
Far too often though, it is difficult for writers to gain access to the busy schedules of these leaders and the curiosity of the public goes unanswered.
One publication has ben feeding that curiosity despite the difficulty inherent in the undertaking. IdeaMensch has been able to pin down some of the greatest minds, visionaries, and leaders of our generation to asks questions that often are left out in the scheduled press releases held by these individuals.
Continuing the same trend of writing, the journalist at IdeaMensch were able to sit down and speak with Diversant’s Principal, John Goulett, for an intimate one on one conversation. Their talks touched on everything from how John Goulett has maintained a firm sense of what the market needs to which book the business leader has found most influential within in his own life.
On a lighter note, as is the standard with IdeaMensch who are unafraid to asks the questions other publications are afraid to asks, the journalist gave readers a glimpse into the past of John Goullet, even bringing up his time spent working a dead-end job in a factory that did not value productivity as you would not expect.
As an aspiring entrepreneur and blogger who has extensively covered start-ups and entrepreneurialism within America, the article was not only an interesting look into a world otherwise unseen but provided a bit of inspiration to be taken into my own ventures.