Adam Goldenberg, the co-CEO of JustFab Inc. recently offered his views regarding what constitutes a “unicorn” company. He stated that a “unicorn” company has a valuation that surpasses $1 billion. He added that such a feat does not occur overnight. Adam Goldenberg has a mantra that states that if it was easy to build a business worth a billion dollars, then everyone would do it. This is an indication that a lot of time and effort are required before any company starts to realize a steady return. A good case scenario is Fabletics, a company that Adam Goldenberg and Don Ressler, his partner started despite all odds being against them. Hard work and resilience has seen the business develop into one of the finest fashion retailer on the internet currently.
JustFab has over the years become a darling to thousands of savvy online shoppers all over the world with its huge product assortment from shoes to bags to denim and jewelry. JustFab has greatly endeared itself to its massive customers due to its model of offering every individual customer with products that are tailor made to suit their preferences and experience. This is the niche they have created for themselves. This model gives JustFab an edge over its competition as it does not throw the same products to all its customers like other online stores do.
Adam Goldenberg Named as Top 3 CEOs in LA that People Ought to Know
Adam Goldenberg was recently mentioned as one of the three CEOs based in LA that people ought to recognize by Built in Los Angeles. A well detailed article tracing his rise from humble beginnings shed light on his entrepreneurial journey from a young age. Adam Goldenberg started his Gamer’s Alliance when he was only 16 years old and sold it off to Intermix Media in 1999, a move that marked his start in the world of business dealings. He went on with his entrepreneurial journey and founded Intelligent Beauty, an incubator of trendy internet brands back in 2006. Four years later, he was involved in the founding of JustFab, which has enjoyed massive success in a short period of time.
Goldenberg advises young entrepreneurs on a number of important points to note from the early days of his startups. He stresses the importance of always being transparent and metric driven in order to learn from mistakes just like he and Don Ressler did in order to learn what works from the onset. He advises that entrepreneurs should develop this practice in order to sustain their business for the long term.