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Raising the Bar with Alli and Michael


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 and subscribe and rate us!
 
Produced by Dear Media.