Social Currency with Sammi Cohen

Social Currency

On Social Currency, Sammi Cohen unpacks the stories that are shaping business, culture and the intersection of the two. From boardrooms to Instagram trends, Sammi speaks with business leaders to connect the dots between brand, consumer and influence, so you don’t just keep up—you get ahead. New episodes drop every Tuesday and Friday. Follow now to stay in the know. Want more? Find Sammi on Instagram @sammicohentalks.

  1. Gregg Renfrew (Counter) on the $1B Beautycounter Acquisition, Getting Pushed Out of Her Company, and Starting New

    2D AGO

    Gregg Renfrew (Counter) on the $1B Beautycounter Acquisition, Getting Pushed Out of Her Company, and Starting New

    Gregg Renfrew didn’t just build a beauty brand; she helped create an entire category. Long before “clean beauty” became a marketing buzzword, Gregg was lobbying Congress, reformulating products, and turning a mission-driven idea into Beautycounter, a billion-dollar company acquired by private equity. But the story didn’t end with the sale. Months after the $1B deal closed, Gregg was pushed out of the company she founded. What followed was a cascade of leadership changes, falling sales, and one of the most dramatic founder reversals in modern consumer business. In this episode, Gregg tells Sammi the full story—what founders misunderstand about selling, how investor dynamics really work behind the scenes, and what it feels like to watch your life’s work unravel from the outside. Then she shares the unexpected next chapter: the 48-hour scramble to buy the company out of foreclosure, the painful shutdown year that followed, and the decision to rebuild under a new name, Counter. Plus, Gregg opens up about walking away from private equity (for now), what she’s learned about resilience and second chances, and why starting over after a very public fall can become the most powerful chapter of all. Follow Sammi Cohen on Instagram  Subscribe to the Social Currency newsletter  Follow Counter 00:00 Gregg Renfrew’s Social Currency 00:57 The Beautycounter Origin Story 02:32 Early Entrepreneurial Lessons 04:19 Inside Martha Stewart Living 08:22 Getting Fired and Starting Again 11:04 Why Clean Beauty Mattered 14:58 Building the First Products 18:56 Lobbying for Industry Reform 21:02 The Problem With “Clean” 27:24 The Sales Model Explained 35:25 Community, Women, and Work 38:35 The $1B Deal 39:31 Why Founders Sell 41:04 Investor Power Dynamics 44:15 Private Equity Reality Check 46:04 Post-Sale Fallout 47:32 Getting Pushed Out 48:52 Watching the Decline 50:28 The Brief Return 53:09 Buying It Back 55:55 The Shutdown Year 58:18 Rebuilding as Counter 01:00:51 Advice for Starting Over 01:04:42 No More Private Equity 01:10:08 Industry Shakeups 01:12:12 Social Currency Corner Learn more about your ad choices. Visit megaphone.fm/adchoices

    1h 20m
  2. How Pat McGrath’s $1B Beauty Empire Ended in Bankruptcy

    6D AGO

    How Pat McGrath’s $1B Beauty Empire Ended in Bankruptcy

    When the most legendary makeup artist in the world, Pat McGrath, finally launched her own beauty brand, her hero product sold out in minutes.  Within three years, Pat McGrath Labs was valued at $1 billion. Today, it’s in bankruptcy court. Today, Sammi dives into the dramatic rise and unraveling of Pat McGrath Labs. Valued at roughly 25 times revenue, the brand was suddenly operating under hypergrowth expectations that clashed with its luxury positioning and deliberately controlled expansion. As sales slowed, distribution widened, and investor pressure intensified, what began as a cash flow squeeze spiraled into something much bigger. Sammi breaks down the aggressive private equity deal that set the tone, the strategic tension between artistry and scale, and the $17.5 million bridge loan that ballooned into a $43 million claim—ultimately triggering a last-minute Chapter 11 filing to stop a forced auction. It’s a case study in valuation psychology, capital structure, and what happens when the wrong money meets the right founder at exactly the wrong time. Follow Sammi Cohen on Instagram  Subscribe to the Social Currency newsletter  00:00 The Rise of Pat McGrath Labs  02:51 The Billion Dollar Valuation Problem  04:17 The Sales Strategy Challenges 08:00 The Predatory Loan  08:59 The Bankruptcy Filing  10:26 Lessons and Cautionary Tale 13:10 Pat McGrath’s Personal Liability 15:29 Takeaways From Pat McGrath Labs  16:22 How to Show Social Currency Some Love  Learn more about your ad choices. Visit megaphone.fm/adchoices

    18 min
  3. Aparna Chennapragada (Microsoft) on AI’s Next Two Years, Category Collapse, and Using AI To Ace a Meeting

    FEB 10

    Aparna Chennapragada (Microsoft) on AI’s Next Two Years, Category Collapse, and Using AI To Ace a Meeting

    AI is no longer a future trend—it’s already reshaping how countless people work. And few people are closer to that shift than Aparna Chennapragada, Chief Product Officer for AI experiences at Microsoft. In this conversation, Aparna pulls back the curtain on how AI is actually being built into everyday work. She shares her bold two-year prediction for how work will change, tips for using AI to ace your next big meeting, and what Gen Z expects from the tools they use every day. They also get honest about the bets that didn’t work, how to prioritize when everything feels urgent, and the leadership lessons Aparna has learned scaling innovation inside one of the world’s largest companies. Plus: why prompting may be the most important new career skill—and what that means for managers, creators, and anyone trying to stay relevant in the AI era. 00:00 Aparna Chennapragada’s Social Currency  02:23 Bold Predictions for AI in the Next Two Years  03:48 How Microsoft's AI Strategy Has Evolved 06:39 AI Hacks For Your Next Meeting 11:39 Empathy in AI Design  13:50 How to Prioritize When Everything Feels Urgent  17:27 The Right Way to Think About Customer Feedback  19:39 Gen Z's Influence on Design  22:47 Workshopping Cohesiveness and Interoperability  25:46 Staying Focused in a Noisy AI World  29:28 Mastering the Skill of Prompting  34:11 AI in Education and Parenting  35:24 Leadership Principles in AI Development  38:33 How to Have Difficult Conversations With Your Team 40:24 Innovating at the Speed of Tryst  42:35 The Future of AI in Media  45:37 Hot Takes on AI 47:10 Social Currency Corner  50:09 Advice for New Product Managers  51:37 How to Show Social Currency Some Love Learn more about your ad choices. Visit megaphone.fm/adchoices

    57 min
  4. The 1 Rule That Made Aldi America’s Fastest-Growing Grocery Chain

    FEB 6

    The 1 Rule That Made Aldi America’s Fastest-Growing Grocery Chain

    Aldi is quietly becoming the fastest-growing grocery train, without flashy stores, massive advertising budgets, or endless product choice. In this episode, Sammi breaks down how the company’s deliberately simple model (limited assortment, extreme cost discipline, productivity obsession, and private-label strategy) has allowed it to grow rapidly while competitors struggle with rising prices and complexity. Drawing on her own experience training to be an Aldi District Manager, Sammi explains the one rule that has cemented Aldi’s position leading the pack. At the center of Aldi’s strategy is a single internal question that guides nearly every choice. Understanding that principle helps explain not just Aldi’s growth, but why the model continues to hold together as it scales. Follow Sammi Cohen on Instagram  Subscribe to the Social Currency newsletter  Here’s what Sammi covers today: 00:00 Aldi’s Social Currency 02:15 Aldi’s origin story 03:12 The kidnapping 04:05 Trader Joe’s and the Aldi split 06:40 How Aldi scaled 08:34 Ruthless efficiency 10:15 Private label products 10:59 Sammi’s Aldi days 12:35 Aldi’s customer psychology strategy 14:28 The single internal rule that explains Aldi’s success 16:04 How to show Social Currency some love Learn more about your ad choices. Visit megaphone.fm/adchoices

    18 min
  5. Dianna Cohen (Crown Affair) on Building a Cult DTC Brand, Choosing a Hero Product, and Why “Take Your Time” Wins

    FEB 3

    Dianna Cohen (Crown Affair) on Building a Cult DTC Brand, Choosing a Hero Product, and Why “Take Your Time” Wins

    What does it actually take to build a beauty brand that feels timeless? Today, Sammi sits down with Dianna Cohen, founder and CEO of Crown Affair, the cult haircare brand that made slowing down a competitive edge. Before Crown Affair, Diana was behind the scenes of some of the most talked-about consumer brands of the last decade (Away, Outdoor Voices), Then, she walked away to build something quieter, more intentional, and way harder to pull off. In this conversation, she breaks down how she chose her hero product, what she learned during the DTC boom (and bust), and why “take your time” isn’t soft advice, it’s a strategy. They get into the real stuff: fundraising without losing the soul of your brand, the moment celebrity endorsements actually matter (and when they don’t), the slick bun tutorial we’ve been waiting for, and the one social move that directly translated to product sales. Dianna also opens up about evolving as a CEO, letting go of control, and building a company culture that doesn’t burn people out. Follow Sammi Cohen on Instagram  Subscribe to the Social Currency newsletter  Follow Dianna on Instagram Follow Crown Affair on Instagram 00:00 Dianna Cohen’s Social Currency02:53 From Away and Outdoor Voices to Crown Affair 07:02 Launching Crown Affair and Picking a Hero Product 14:57 Product Development and Early Tradeoffs 28:53 Go-to-Market Strategy and Raising Capital 31:38 Celebrity Endorsements and Timeless Branding 34:31 The Slick Bun Tutorial We’ve Been Waiting For 37:11 Dianna’s Fundraising Philosophy 46:52 Personal Brand vs. Business Brand on Social 50:27 The Seedling Mentorship Program 55:46 Dianna’s Hot Takes on the Beauty Industry 56:22 Social Currency Corner and Listener Question Learn more about your ad choices. Visit megaphone.fm/adchoices

    1h 9m
  6. The $10M Influencer Empire That Collapsed Over a Pink Cake

    JAN 30

    The $10M Influencer Empire That Collapsed Over a Pink Cake

    Chiara Ferragni wasn’t just an influencer, she was a case study in how to turn social media fame into a multi-million-dollar business. And then a pink Christmas cake almost destroyed everything. Today, Sammi breaks down the scandal that triggered regulatory fines, a criminal fraud investigation, mass sponsor exits, and a collapse of more than 90% of company revenue in a single year — all tied to a holiday charity campaign that raised major questions about transparency in influencer marketing. But this story is bigger than one creator. It’s about what happens when governments try to regulate the creator economy in real time and how public blame gets distributed when a brand is a person versus a corporation. Follow Sammi Cohen on Instagram  Subscribe to the Social Currency newsletter  Here’s what Sammi covers today: 00:00 Chiara Ferragni’s Social Currency 02:02 The Christmas Cake Controversy 03:01 Backlash and Fallout 04:23 The Legal Battle  06:11 The Lessons Most People Are Missing Learn more about your ad choices. Visit megaphone.fm/adchoices

    10 min

  7. JAN 29

    Stacy Martinet (Adobe) on AI Solving the Blank Page Problem, the Ethics of Generative AI, and Branding Hot Takes

    Sammi sits down with Stacy Martinet, Adobe’s VP of Marketing and Communications, for a behind-the-scenes look at how one of the most influential creative companies is thinking about AI, creativity, and trust. Stacy shares why AI’s biggest “unlock” isn’t replacing creators— it’s getting rid of the blank-page panic and helping people start faster, whether you’re a student, a solo creator, or a CEO building a global brand. They get into the real ethics questions: what data goes into generative AI models, why “commercially safe” matters for brands, and why Adobe is betting on transparency and choice, including letting users pick between different AI models. Stacy also breaks down content credentials (think: a “nutrition label” for digital content), what it means for the future of credibility online, and why visuals and motion are quickly becoming the universal language of the internet. Plus: Stacy’s playbook for earning attention in a chaotic media landscape, how Adobe launched Firefly in a community-led way, and her advice for creators and entrepreneurs trying to build a personal brand that actually stands out—without losing the plot. Follow Sammi Cohen on Instagram  Subscribe to the Social Currency newsletter  Here’s what Sammi covers today with Stacy: 00:00 Stacy Martinet’s Social Currency 02:00 How Brands Earn Attention (and Keep It) 04:46 How Adobe Balances Creator and Enterprise Customers 06:40 The Democratization of Creative Tools 14:00 Ethics of Generative AI 16:23 Content Credentials the “Nutrition Label” for Content 17:45 Why IRL is Back 19:56 Storytelling as a Business Strategy 22:30 Advice for Emerging Creators 24:35 Hot Takes: Brands Need to Talk More 28:10 Routines and Social Currency Corner Learn more about your ad choices. Visit megaphone.fm/adchoices

    33 min
  8. Nicolas Jammet (Sweetgreen) on Pricing Strategy, Trendspotting in Food and the Future of Fast Casual

    JAN 27

    Nicolas Jammet (Sweetgreen) on Pricing Strategy, Trendspotting in Food and the Future of Fast Casual

    Today Sammi sits down with Nicolas Jammet, co-founder and Chief Concept Officer of Sweetgreen—the fast-casual brand that helped take “healthy food at scale” from a niche idea to a national movement with nearly 300 stores and a $5.5B IPO. Nicolas traces Sweetgreen’s origin story from Georgetown campus chaos (including a stolen laptop that nearly derailed opening week), to a three-founder partnership that has stayed intact for almost two decades, to taking the company public at the literal peak of the market in 2021. Then they zoom out to the bigger game: how Sweetgreen thinks about trend forecasting in food, why fast-casual is facing price-value pressure, and what it really takes to balance quality with consumer sensitivity in a $16-salad world. Nicolas explains how Sweetgreen is using feedback, loyalty, and automation to define the future of fast food—including the Infinite Kitchen, the new drive-thru format, and the viral max-protein bowl that set off a macro-counting frenzy online. They also get into brand strategy and culture: why Sweetgreen doesn’t have a Coke or Pepsi contract, how “food as storytelling” became a competitive moat, and how the Sweetlife Festival helped turn a salad shop into a cultural brand. Follow Sammi Cohen on Instagram  Subscribe to the Social Currency newsletter  Keep up with Nicolas Keep up with SweetgreenHere’s what Sammi covers with Nicolas: 00:00 Nicolas Jammet’s Social Currency 01:11 Early days and Stolen Laptops 08:47 How Three Co-Founders Stayed Together for Nearly 2 Decades 12:51 Behind the Scenes of the $5.5B IPO 14:38 The Chief Concept Officer Job Description 16:34 Trend Forecasting & the Kale/Avocado Glow-Up 22:56 The Price-Value Question in Fast Casual 24:27 Getting Customer Feedback 29:32 Automation, Drive-Thrus and the Infinite Kitchen 33:47 Who the Sweetgreen Customer Actually Is 42:40 Sweetlife Festival & Brand Building Beyond Food 46:00 Social Currency Corner: Protein Maxing & Functional Food 49:00 Retaining Talent in a Burnout Industry Learn more about your ad choices. Visit megaphone.fm/adchoices

    55 min
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Trailer

4.9
out of 5
137 Ratings

About

On Social Currency, Sammi Cohen unpacks the stories that are shaping business, culture and the intersection of the two. From boardrooms to Instagram trends, Sammi speaks with business leaders to connect the dots between brand, consumer and influence, so you don’t just keep up—you get ahead. New episodes drop every Tuesday and Friday. Follow now to stay in the know. Want more? Find Sammi on Instagram @sammicohentalks.

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