Jan 24, 2020
In 2012, two
years after its first store opened, Drybar announced that it had
closed $16 million in financing with private equity firm Castanea
Partners. Since then, Drybar has raised more than $50 million in
venture capital to date. And just last month, Drybar sold its
product line for $255 million in cash to Helen of Troy, a
consumer group with a portfolio that includes OXO, Braun, and Hot
Tools. It's been a long journey, and there's no one better to
discuss the ups and downs of Drybar's money story than Steve Berg,
Castanea's managing partner. Steve catches up with Michael and Alli
to discuss the early days of raising money at Drybar, finding new
investments and working with beauty companies, and his new firm
called Stride Partners. Plus, he answers the most common money
questions Alli's gets from entrepreneurs in her DMs. Learn
more @castaneapartners. And don't forget to follow @alliwebb for #BTS of Raising The Bar
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