Exit Strategy with Moiz Ali

The Hustle & Moiz Ali
Exit Strategy with Moiz Ali

The Hustle presents - Exit Strategy with Moiz Ali. Join serial entrepreneur & investor Moiz Ali as he speaks with world-class builders about starting and selling the world's most successful e-commerce startups. Moiz Ali is the Founder of Native. Launched in 2015, Native is the fastest growing CPG company in the United States, and has over 1 million customers nationwide. The company was acquired by Procter & Gamble for $100 Million in November 2017, the first acquisition by P&G in nearly ten years. Prior to founding Native, Moiz was the Founder and CEO of Caskers, a flash sales site for spirits. See acast.com/privacy for privacy and opt-out information.

Episodes

  1. 05/14/2020

    0106 Jesse Horwitz - From 0 to Nine-Figures, How Jesse Horwitz Built a DTC Giant

    Today’s topics: (1:01) Moiz introduces Jesse Horwitz, founder and CEO of DTC contacts brand, Hubble. (03:02) Jesse explains the origins of Hubble. (05:57) Hubble soft launched, collected about 2,000 emails and began shopping the idea to investors. (06:45) Hubble raised $3.5M in May 2016, $3.7M in October and launched in November. (08:20) Jesse explains the process of procuring manufacturing partners. (21:02) Jesse discusses Hubble’s early advertising and where it was deployed. (16:00) Moiz tells the story of how Instacart got into Y Combinator by sending their interviewer a case of beer. (18:35) Hubble has diversified customer acquisition channels, but Facebook is still number one. TV and search are two and three. (21:32) Jesse reflects on how DTC brands are a product of Facebook just like TV content was created by the likes of P&G. (23:12) Hubble uses “pay-per-ticket” to verify prescriptions. An outsourced team of agents race to verify the preseptions. (28:20) Jesse discusses Hubble’s customer service operations. (31:40) Hubble outsources media buying. Jesse discusses how this is helpful and hurtful. (34:10) Jesse discusses the state of Hubble finances. It’s breakeven and still has cash in the bank. (39:10) Jesse gives his opinion on secondaries and taking money off the table. Hubble offers this to employees as well. (41:40) Jesse’s goal is to build a great business and be in control of their own destiny. (43:40) Jesse explains the venture capital cycle and its impact on funding. (49:00) Moiz asks, how should startups prepare for the economic downturn? (57:20) Jesse has been working with Andrew Yang to help with his fundraising efforts. See acast.com/privacy for privacy and opt-out information.

    52 min
  2. 05/07/2020

    0105 Paul Tran - How Manscaped Created a Nine-Figure Business by Inventing and Dominating the Pubic Grooming Industry

    (0:57) Moiz introduces Paul Tran, the CEO and founder of Manscaped, founded in 2016. Manscaped sells grooming products (3:25) Paul discusses the ages and gender of Manscaped’s customers (5:40) Paul talks about the lack of options in the pubic grooming space for men. Manscape capitalized on a white-space (9:10) What goes into creating the actual products (the “Lawnmower”). Manscaped sees itself as both a hardware and software company (13:40) All marketing, development, etc. are done inhouse at Manscaped. No agencies are used. They want to be super knowledgeable about all aspects of the business. Has 72 employees. (16:05) Paul reveals the origins of Manscaped’s marketing and branding (22:10) Paul talks about the challenges of scaling outside of Facebook and Google (29:20) Getting the messaging right and the initial growth of Manscaped. (33:40) Which messaging didn’t work initially? (36:18) Paul talks about the importance of running your marketing. (38:00) How to succeed being bootstrapped and the issues with raising venture too early. (44:50) What does Manscaped’s acquisition channel mix look like today? (47:55) Paul explains how roles are organized at Manscaped and the importance of hiring. (53:10) What are failures Manscaped has run into? (57:12) Paul talks about the move into brick and mortar. (58:18) There is a certain amount of seasonality in DTC, Paul explains when they see the biggest bumps. (59:55) Paul discusses using influencer marketing and how to get the most out of it. Paul suggests avoiding micro-influencers since you get limited data from them? (1:03:40) What is your (Paul’s) goal with the business? Paul thinks about creating a multi-generational business instead of one built solely for being acquired. See acast.com/privacy for privacy and opt-out information.

    1 hr
  3. 04/30/2020

    0104 Nik Sharma - How To Build and Invest in Great DTC Brands

    Today's topics: (12:24) Nik gives his background, hes an investor in a handful of DTC startups. He’s hands on, does something for each brand every week  (14:20) Getting domain names and handles for a startup. Nik just paid low 5-figures for judy.co (16:00) Moiz talks about how he came up with the Native name and dealing with trademark issues. Had to pay high 6-figure to get native trademark. (19:10) Talks about Nik’s brand Judy. Disaster kit - launched recently. Talk about founders and their backgrounds. (22:40) General talk about state of DTC today. Brandless shut down, Outdoor voices issues. And how will economic down-turn affect this? (31:15) Blowback around Outdoor Voices and Away. Moiz says he was Joe Exotic when running Native (37:00) Native got huge publicity once, but only drove an extra $25k in sales. Why court press then? (40:00) Talks about how to get press coverage (44:00) How to find good agencies (marketing, pr, etc)? (49:34) What agencies do you (Nik) recommend? (54:40) What are other industries that need to be disrupted? (55:50) What DTC brands do you (Nik) admire right now? (1:00:00) Discuss how much of your budget should be allocated to brand versus performance. (1:08:00) Moiz discusses subway ads Native was supposed to run on NY subways this summer. Bc of covid, ridership down 90% (1:12:20) How can someone starting out today learn about DTC advertising? Nik says he just talks to a lot of people. Looks at what other brands are doing. (1:20:04) They discuss the possibility of brands cutting acquisition costs by sharing audience See acast.com/privacy for privacy and opt-out information.

    1h 2m
  4. 04/09/2020

    0101 Nick Green - Thrive Market’s Unconventional Rise to Success

    Moiz (@moizali) is joined today by Nick Green, founder of Thrive Market (@thrivemarket) - a membership-based retailer offering natural and organic food products at reduced costs. Today’s topics: (0:47) - Moiz introduces Nick Green, and they discuss the history of Thrive Market (3:48) - How Nick and the founding team bootstrapped the business (5:09) - Groupon for x, and other fashionable business models (6:34) - Discussing Costco’s scale and negotiating position (8:08) - How much did Nick put down to start the business? (11:11) - Why Magento (12:27) - Shop Tribe, Thrive Market’s former alias (13:30) - Native’s trademark issues pre-M&A (15:30) - How did Thrive Market get their first $100,000 in sales? (19:49) - How much did Thrive Market raise from influencers? (21:28) - Are there any investors who originally didn’t want to invest, but came back at Series A? (23:46) - How big is your catalog at Year 1? (25:49) - Is there a North Star metric for understanding customer retention? (29:33) - What are some of the fastest-growing categories at Thrive Market? (32:46) - Where are you spending your money on paid acquisition channels? (35:18) - What are your top 3 performing channels? (38:03) - What is Nick’s favorite product on Thrive Market? (38:29) - What’s the most popular product on Thrive? (38:55) - Nick’s favorite indulgence product (39:55) - Will Thrive Market ever sell their products in brick and mortar stores? (40:05) - COVID-19’s impact on Thrive Market (40:59) - What is the exit strategy for Thrive? See acast.com/privacy for privacy and opt-out information.

    47 min
4.9
out of 5
57 Ratings

About

The Hustle presents - Exit Strategy with Moiz Ali. Join serial entrepreneur & investor Moiz Ali as he speaks with world-class builders about starting and selling the world's most successful e-commerce startups. Moiz Ali is the Founder of Native. Launched in 2015, Native is the fastest growing CPG company in the United States, and has over 1 million customers nationwide. The company was acquired by Procter & Gamble for $100 Million in November 2017, the first acquisition by P&G in nearly ten years. Prior to founding Native, Moiz was the Founder and CEO of Caskers, a flash sales site for spirits. See acast.com/privacy for privacy and opt-out information.

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