ENTREPRENEURSHIP

Should Emerging Beauty Brands Be Filling C-Suite Roles Earlier Than Ever?

At Beauty Independent's Dealmaker Summit last month, Rich Gersten, co-founder and managing partner at beauty and wellness venture capital firm True Beauty Ventures, advised today's emerging beauty brand founders to think about recruiting a CEO or GM for their brands sooner than their predecessors generally did. He …
Rachel Brown·July 8, 2024·1 min read
The 30-second read
At Beauty Independent’s Dealmaker Summit last month, Rich Gersten, co-founder and managing partner at beauty and wellness venture capital firm True Beauty Ventures, advised today’s emerging beauty brand founders to think about recruiting a CEO or GM for their brands sooner than their predecessors generally did.

He said, “That may not be the caliber of the CEO you hire into a $50 million brand, but that recognition is there might be someone better suited to run the business day to day than I can and to focus on what I can do best to benefit the business…We’re increasingly seeing that as a viable strategy and a preferred one actually for earlier stage brands to professionalize the team.”

To see if others agree with Gersten’s advice, for the latest edition of our ongoing series posing questions relevant to indie beauty, we asked 20 investors, brand founders, consultants and more the following: Do you believe emerging beauty brands should be hiring CEOs or GMs at earlier stages than they did in the past? At what stage or revenue level should they be doing so, and what should they be looking for in someone to fill those positions?

The players

3 mentioned
Brand

Better Being

Founded1993
HQSalt Lake City, Utah, United States
Revenue Range$150M+
Funding StatusAcquired
Primary CategoryWellness
Top 3 GeographiesUnited States Global - 85+ countries
Top Channels / Retailers
Health and natural food stores
Specialty stores
Online retailers
Recognition
ISO-certified labs and cosmetic manufacturingNSF cGMP certified facilityCCOF organic certificationOrthodox Union Kosher certification
Brand

AS Beauty

Founded2019
HQNew York, New York, United States
Revenue Range$150M+
Investor

True Beauty Ventures

Founded2020
HQGreenwich, CT, USA
TypeVenture Capital
Fund Size$75M (Fund II)
Check Range$500K – $5M
Target Stage
Pre-SeedEarlyGrowthLateBuyout
Geographic Remit
North AmericaWestern Europe
Portfolio
Active investments (beauty)24 (24 in beauty)
Highlights
Crown Affair
K18
Saie
Westman Atelier
Notable Exits
Youthforia (acquired)
Vegamour (strategic)
Community
8.4k 14.2k
Recognition
Forbes Midas Brink List