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Mariam Naficy is the founder and chairman of Minted — the online marketplace where independent artists around the world sell everything from cards to wall art to home decor. She's also the founder and CEO of Arcade, an AI platform reimagining how physical products get designed and made.But before any of that, Mariam was the child of immigrants who fled Iran after the revolution and rebuilt their lives from scratch. Watching her family lose everything left her, by age ten, with one conviction: she would have to take care of herself. That drive carried her through Goldman Sachs and Stanford — where she became one of the only MBAs in her class to skip the corporate path and bet on herself, back when entrepreneurship wasn't really a thing.In 1998, she co-founded Eve.com, one of the first online beauty retailers — back when investors told her women would never buy makeup online. It sold for over $100 million, just two weeks before the dot-com crash. Years later, she launched Minted. And it nearly broke her. Zero sales for months. Critics who dismissed the idea. A newborn at home. And the fear that her first big win had just been luck. The turnaround came when she stopped guessing, and started asking artists and customers what they actually wanted — and built one of the earliest creator-economy success stories.In this episode, Mariam shares how fleeing Iran shaped her relationship with risk and money, what her mother meant when she said "beat all the boys," and why she bet on herself with no family history in business. We get into building Eve in the earliest days of e-commerce, selling a company before 30, and the darkest stretch of Minted — when she was ready to give her investors their money back. She tells us how she got through those dark times, the mindset that kept her going, and the advice she'd give other founders. She also opens up about motherhood, self-doubt, the pivot that saved the company, and what she's building now with Arcade.In this episode, we'll talk to Mariam about:* How fleeing Iran shaped her relationship with risk and financial independence. [03:24]* Why financial security became a driving force. [04:20]* Choosing entrepreneurship over the traditional corporate ladder. [05:20]* Being one of the only Stanford MBA graduates to start a company in 1998. [06:21]* Writing and publishing a book to stand out and fund her education. [10:58]* Convincing a future co-founder to leave New York and build a company together. [14:19]* Launching one of the first online beauty retailers before e-commerce was mainstream. [15:49]* Raising $26 million as first-time founders. [17:59]* Selling the company just before the dot-com crash changed everything. [21:54]* Navigating the emotional comedown after early success. [23:42]* The lessons she learned between her first startup and launching Minted. [26:44]* Facing the darkest moments of entrepreneurship when Minted struggled to gain traction. [30:19]* Navigating motherhood while scaling a fast-growing company. [40:14]* Stepping away from the CEO role to prioritize family during a pivotal season. [44:37]* Building Arcade and using AI to reimagine product creation and manufacturing. [45:33]* The biggest mistakes founders make when starting a business. [48:21]* What she looks for when hiring future leaders and long-term team members. [49:19]This episode is brought to you by Beeya:* If you or anyone you know have been struggling with hormonal imbalances and bad periods, go to https://beeyawellness.com/free to download the free guide to tackling hormonal imbalances* Plus, get $10 off your order by using promo code BEHINDHEREMPIRE10Follow Yasmin:* Instagram: https://www.instagram.com/yasminknouri/* Website: https://www.behindherempire.com/Follow Mariam:* Website: https://www.minted.com/* Website: https://www.arcade.ai/* Instagram: https://www.instagram.com/mnaficy/* Instagram: https://www.instagram.com/minted/* Instagram: https://www.instagram.com/arcade.ai/ Hosted on Acast. See acast.com/privacy for more information.
Story of the Week (DR):Trump is bringing Tim Cook, Elon Musk, and a dozen other CEOs to Beijing for his Xi summitTechnology & AIElon Musk – CEO, Tesla and SpaceXTim Cook – CEO, AppleJensen Huang – CEO, Nvidia (joined as a last-minute addition after a personal call from the President)Cristiano Amon – CEO, QualcommSanjay Mehrotra – CEO, Micron TechnologyDina Powell McCormick – President, MetaJim Anderson – CEO, CoherentFinance & InvestmentLarry Fink – CEO, BlackRockStephen Schwarzman – CEO, BlackstoneDavid Solomon – CEO, Goldman SachsJane Fraser – CEO, CitigroupAerospace & ManufacturingKelly Ortberg – CEO, Boeing (reportedly finalizing a massive 500-jet deal during the trip)Larry Culp – CEO, GE AerospacePayments & ServicesMichael Miebach – CEO, MastercardRyan McInerney – CEO, VisaAgriculture & BiotechBrian Sikes – CEO, CargillJacob Thaysen – CEO, IlluminaPaypal agrees to $30 million settlement with Trump's Justice Department over 'illegal DEI'The company launched a $530M Economic Opportunity Fund in 2020 for Black and underrepresented minority businessesDid not fight this in court, just surrenderedTo make the DOJ happy, PayPal had to ditch its race-based criteria; instead, it now funnels that financial support to veteran-owned businesses and companies in farming, manufacturing, or technology. A direct “black” to “white” transferAny company that launched a race-specific grant or loan program after 2020 is now officially in the DOJ's crosshairs, and "social justice" is being litigated as "civil rights fraud."PayPal board:“Independent” chair David W. Dorman (2015-; 17%)member of the Dell Technologies BoardMichael Dell and Donald Trump are BFFs: Dell pledged $6.25B to Trump AccountsJonathan Christodoro (2015-; 13%): a disciple of billionaire Carl Icahn (former Managing Director at Icahn Capital), one of Trump's oldest and most vocal alliesFounder PayPal Mafia Trump BFFs: Musk (DOGE), David Sacks (AI and Crypto Czar), Peter Thiel (JD Vance creator)Frank Yeary (2015-; 12%): Intel director since 2009 and chair since 2023It Was One of DOGE's Most Absurd Abuses. A Court Finally Exposed ItThis whole saga centers on a major legal showdown between the Trump administration's Department of Government Efficiency (DOGE) and the National Endowment for the Humanities (NEH). The case is a consolidated lawsuit (often called the NEH-DOGE lawsuit) filed in May 2025 by groups including the Authors Guild, the American Historical Association, and the Modern Language Association. On May 7, 2026, U.S. District Judge Colleen McMahon issued a massive 143-page ruling. She essentially nuked DOGE's attempt to defund hundreds of humanities projects, calling their process a "textbook example of unconstitutional viewpoint discrimination."The AI Purge: Instead of a professional review, DOGE staffers (described in court as young "technologists" with no background in humanities) ran thousands of grant descriptions through ChatGPT.DOGE staffers—mostly described as 20-somethings with "zero experience in the humanities"—attempted to dodge government transparency laws by conducting official business on Signal with auto-delete enabled. The court found this was a blatant violation of the Federal Records Act, proving that "efficiency" is often just code for "avoiding a paper trail."The Woke Filter: They told the AI to flag anything related to "DEI." This backfired spectacularly when the AI flagged projects on Holocaust survivors, Appalachian history, and Italian-American archives simply because they used words like "identity," "culture," or "women."DOGE didn't actually read the grants they cut. Instead, they used ChatGPT and basic keyword searches to flag any program containing "incriminating" words like "history," "culture," "identity," or "BIPOC." If the AI thought it sounded "woke," the funding was axed—a move Judge Colleen McMahon called a "textbook example of unconstitutional viewpoint discrimination."In perhaps the most "mask-off" moment of the proceedings, it was revealed that DOGE staffers flagged and canceled a documentary about Jewish women's slave labor during the Holocaust. The reason? Their AI-driven filter decided that focusing on "Jewish cultures" and "female voices" made it an illegal DEI program. Apparently, documenting Nazi atrocities is now "radical identity politics."The ruling highlighted a minor detail the administration seemed to forget: DOGE isn't a real government agency. The judge noted that DOGE had absolutely no lawful authority to terminate congressionally appropriated funds. They were essentially a group of private-sector bros playing President with the NEH checkbookThe Redirect: The court found that the $100 million "saved" wasn't actually returned to the Treasury. Instead, it was being funneled into the administration's own projects, like the "National Garden of American Heroes."Why Two Big Companies Just Cut Paid Family Leave MMFor the last decade, a tight labor market forced companies to compete for talent with generous perks. Now, with the job market cooling and employees having less leverage to quit, companies like Deloitte and Zoom are quietly rolling back benefits.Zoom, the company that became the face of remote work, has slashed its paid parental leave. Birthing parents saw their leave drop from up to 24 weeks to 18 weeks, while non-birthing parents were cut from 16 weeks down to 10.Deloitte is making deep cuts, but not for everyone. The reductions specifically target “Center” employees—the administrative, IT, and finance support staff who generally earn less—rather than the high-earning consultants. Their leave was halved from 16 weeks to just eight.Beyond just time off, Deloitte is axing its $50,000 reimbursement program for adoption, surrogacy, and IVF for these support roles.I Hate Working 5 Days': Zoom CEO Eric Yuan Says AI Could Shrink Workweeks To 3 Days In A Major Future ShiftGoodliest of the Week (MM/DR):DR: Chipotle CEO [Scott Boatwright] tells customers to ‘just ask' if they want bigger portions after downsizing accusations: “You should ask for a little more ... We serve big, beautiful bowls and burritos. Full stop, no questions asked. If you want more, just ask the team member. I promise you there's never a team member on that line that's going to say no.” 886 to 1MM: Oil shortages DR MMBeer demand stumbles as gas prices surge, data showsI mean, isn't this the double best? Less idiots driving drunk AND less idiots DRIVING!Oil shortages are even hitting colored snack bagsUgly snacks, maybe less eating!Assholiest TRIGGERIEST of the Week (MM):Brett BlundyVictoria's Secret unveils allegations against activist investor, loses board directorBlundy, Australian billionaire who launched Bras N Things, a classy establishment sold to Hanes, and currently chairs Lovisa, a fast fashion jewelry business, bought 13% of VS and thinks he can run it betterHe's disappointed with VS acquisition of Adore Me (online retailer) and the drop in earningsMeanwhile, Lovisa's 1Y market returns: -22% vs. ASX +4% TRIGGERED:Blundy, a fucking Australian billionaire blowhard, chairs LovisaLovisa board: Blundy, Mark McInnes (“deputy chair”), John Cheston (CEO), Bruce Carter, Tracey Blundy (wife), John Charlton, Sei Jin Alt (woman, Asian)Brett and Tracey own 40%+ of sharesZero merit directorsExec team: John, Mark, Victor, Chris - zero womenBlundy is targeting VS, whose board is…Donna James, Hillary Super (CEO), Irene Britt, Sarah Davis, Jacqueline Hernandez, Rod Little, David McCreight, Mariam Naficy, Lauren Peters, Anne SheehanExec team: 4 women, 1 manThis is the ultimate mansplain - some chest thumping billionaire walks into a room full of women, pushes them out, takes over… and this from the filing:“On November 13, 2025, members of the Board held a videoconference call with Mr. Blundy to inform him that the Board had determined, in accordance with its fiduciary duties, that appointing Mr. Blundy to the Board would not be in the best interests of VS&Co or its stockholders. In an effort to reach amutually agreeable resolution, the Board proposed collaborating with BBRC and Mr. Blundy on (i) adding one mutually-agreed new independent directornot affiliated with BBRC to the Board, (ii) Mr. Blundy's participation in a review with the Board of the Company's capital allocation, (iii) entering into alonger-term information sharing agreement and, in the context of a negotiated resolution with BBRC and Mr. Blundy, an agreement on customary standstill restrictions, and (iv) taking down the Rights Plan. After this call, the Board delivered to Mr. Blundy the following letter explaining its rationale for rejecting his candidacy and proposing a new framework for a mutually agreeable resolution:“The potential for significant reputational and legal risk to Victoria's Secret arising from (1) your pattern of hiring executives with a history of serious allegations of sexual harassment or other misconduct, and (2) the reported and alleged instances of harassment and highly inappropriate employee policies that occurred under your oversight at companies you controlled or effectively controlled.The proxy should just say, “Australian white male billionaire who is cool sexually harassing women while selling them underwear wants to take over massive underwear store run by women”Elon Musk and Sam AltmanMusk first…Sam Altman Accuses Elon Musk of Laughing at Memes During Important OpenAI MeetingsMusk's China trip during OpenAI trial prompts apology from his lawyer for CEO's absenceTRIGGERED: This is the man child trillionaire we're supposed to take seriously - does his mom fold his socks for him? Does he eat Cheerios out of a frisbee for breakfast? These are our male adult role models?Musk apparently was too busy for the trial, but during talks of absorbing OpenAI into Tesla, he wasn't too busy to spend a long time forcing everyone to look at his fucking dopey idiot manboy memes that made him laughReminder time: Musk is in charge of who gets internet in military conflict (Starlink), gutted the government (DOGE), is trying to implant chips in brains (Neurolink), and used everyone else to get his billions (Tesla was bought, subsidized, SpaceX subsidies, Boring Company steals municipal money to dig holes…)Altman next…Sam Altman faces awkward grilling over 'toxic culture of lying'ChatGPT Told a 19-Year-Old How to Mix Drugs — His Mother Found Him Dead the Next MorningWHEN YOU PUT A SOCIOPATH AND MANCHILD IN CHARGE OF A WORLD DESTROYING DEVICE, IT TURNS OUT IT'S BADWarren Buffett DRPut the folksy “I'm just a guy eating a werther's original candy making money” schtick aside, where he says they pick great management and let them do their thing - this is “their thing”:TRIGGERED: Electric Company Says It's Cutting Off an Entire Town So It Can Sell All Its Power to Data CentersThere is so much to hate here:Tech billionaires building data centers for AI: checkNV Energy is wholly owned by Berkshire Energy which is owned by Warren Buffett: checkTrump appointed asshole running regulatory agency that represented utilities: checkThe town is Lake Tahoe - 50,000 residents have to find a new source of electricity in ONE YEAR because Buffett/Berkshire/NV Energy decided the re-route all energy to data centers for AIGoogle, Apple, MSFT all have facilities, 12 data center projects in Northern NevadaNevada would have to ask woke California to build hundreds of millions of dollars worth of transmission lines in a year to get to Tahoe, FERC would have to approve other changes (Chair Laura Swett, Trump appointee, represented electric utilities and the firm wrote pieces about the glory of data centers - one of the Amicus Briefs they wrote in 2024 was on behalf of… NV Energy)Of the fines issued by FERC this year, 99% are one company: an energy efficiency companySince Trump was elected, FERC has issued fines targeting blue state utilities and renewables at a more than 2:1 rateSo the people are fucked - maybe Warren can tell them to power their town on See's Candy sugar rushesHeadliniest of the WeekDR: Kids with fake mustaches can fool high-tech age verification systemsMM: Waymo recalls 3,800 robotaxis after glitch allowed some vehicles to 'drive into standing water'Who Won the Week?DR: Steve Roth, the CEO of Vornado Realty Trust, expressed his support for fellow billionaire and the Citadel CEO Ken Griffin: “I must say that I consider the phrase tax the rich — quote tax the rich — when spit out with anger and contempt by politicians both here and across the country, to be just as hateful as some disgusting racial slurs”MM: Lawyers - literally everything now is a lawsuit and everyone is a lawyer. PredictionsDR: NYC Mayor Mahmdani asks Steve Roth for “just little more” and Roth replies: “I'm not a fucking Chipotle, commie scum.”MM: Chili's CEO wakes up at 5 a.m., runs daily, and uses that time to generate ideas for the business: On a run next Thursday, May 21, Chili's CEO Kevin Hochman stops short and says out loud, “What if the Big Crispy Chicken Sandwich was BIGGER???”
Minted Founder Mariam Naficy was ready to shut it all down. She'd spent nearly all the capital from her angel round, but nothing was selling. Then, she experimented with crowdsourcing stationery and card designs from independent artists, and everything changed. Sales exploded. And 18 years later, Minted is in 75 million homes worldwide, empowering tens of thousands of independent artists and designers to make a living. And it's a testament to Mariam's ability to find the potential in people that others miss. Whether it's with customers, independent artists, or her own team, she leads with the belief that people are full of possibilities, and it's up to leaders to draw them out. Hit play and see how to become the kind of leader who gets the best out of the people around them. You'll also learn: The question to ask before you fire someone How to build a competitive moat around your business Why your brand should be a big factor in your approach to AI One surprising strategy that can help you be a better listener Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you'll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.
This week, we chat with Mariam Naficy!A serial entrepreneur and visionary leader known for pioneering new ways to connect creativity, technology, and human expression. Mariam is the Founder and Chairman of Minted, and now the Founder and CEO of Arcade, a platform that uses AI to help people communicate visually — transcending geographic and language barriers to connect creators, artisans, and consumers worldwide.For Mariam, Arcade is a full-circle moment. Having grown up overseas exploring marketplaces and bazaars, she developed a lifelong love of handcrafted objects and the stories behind them. At Arcade, she's bringing that passion to life — using technology to foster deeper human connection. By training models for makers like Christofle, Bitossi Ceramiche, Cabana, and Anastasio Home, as well as manufacturers around the world, Arcade empowers anyone to create meaningful, personal objects that reflect individual taste and creativity.Before founding Arcade, Mariam built some of the Internet's most influential creative brands over the past several decades. She founded and built Minted, the design marketplace that revolutionized the creator economy and became a several hundred million dollar business, and co-founded Eve.com, the very first online cosmetics retailer in the world, in 1998.At the heart of her work is a belief that technology, when used thoughtfully, can bring meaning, beauty, and connection into people's lives—as well as create meaningful income for others, such as the Minted artist community.✨ This episode is presented by Brex.Brex: brex.com/trailblazerspodThis episode is supported by RocketReach, Gusto, OpenPhone & Athena.RocketReach: rocketreach.co/trailblazersGusto: gusto.com/trailblazersQuo: Quo.com/trailblazersAthena: athenago.me/Erica-WengerFollow Us!Mariam Naficy: @mnaficyArcade: arcade_ai@thetrailblazerspod: Instagram, YouTube, TikTokErica Wenger: @erica_wenger
Arcade, a new online retail startup founded by Mariam Naficy, uses AI to allow customers to design their own jewellery. Customers can input simple text prompts into the AI tool to generate designs, which are then crafted by artisans in countries such as India and Italy. Arcade is backed by $17 million in funding from investors including Reid Hoffman, co-founder of LinkedIn. The startup is aiming to expand its AI-powered design tools to other categories such as home decor and accessories. The article highlights Naficy's entrepreneurial journey, which includes founding the early online makeup retailer Eve.com and Minted, a platform for selling crowdsourced designs. Arcade's approach seeks to empower consumers by enabling them to dictate what products are made, potentially disrupting the traditional manufacturing and retail model.
Our guest today is Mariam Naficy, a veteran entrepreneur who has founded and scaled successful companies, including Eve.com, the world's first online cosmetics retailer, Minted, the online marketplace of premium design goods created by independent artists and designers and Tonic.xyz, a curated fine art gallery focused on blockchain art. Born to Iranian and Chinese parents, Mariam's childhood in diverse countries shaped her perspective. She overcame adversity when her family fled Iran during the 1979 Revolution and faced challenges upon arriving in the US. Today she is the Founder & Managing Partner of Heretic Ventures, the San Francisco-based venture studio that founds companies at the intersection of culture, commerce, and creators. With a keen eye for innovative ideas, Mariam's insights on crypto, blockchain, and NFTs are invaluable. Learn more about your ad choices. Visit megaphone.fm/adchoices
“we know where web three culture is going, it's a decentralization and disintermediation of platforms, direct ownership, and a connection of creators with their consumers directly” How do you build a scalable business crowdsourcing from artists from all over the world? Listen as serial entrepreneur Mariam Naficy, Founder and CEO of Minted, shares just how crowdsourcing can turn a greeting and holiday card business into a platform for art, home and so much more. And what does she think about Web3? Find out now on her incredible interview on this episode of #TheKaraGoldinShow Enjoying this episode of #TheKaraGoldinShow? Let Kara know by clicking on the links below and sending her a quick shout-out on social or reach out to Kara Goldin directly at karagoldin@gmail.com Follow Kara Goldin on Linkedin: https://www.linkedin.com/in/karagoldin/ Follow Kara Goldin on Instagram: https://www.instagram.com/karagoldin/ Follow Kara Goldin on Twitter: https://twitter.com/karagoldin Follow Kara Goldin on Facebook: https://www.facebook.com/KaraGoldin/ Check out our website to view show notes: https://karagoldin.com/podcast/230 List of links to resources mentioned in episode, suggested reading & social media handles: Check out Minted.com: https://www.minted.com/ Follow Mariam on Instagram: https://www.instagram.com/mnaficy/ Connect with Mariam on LinkedIn: https://www.linkedin.com/in/mariam-naficy/
Mariam Naficy is the Founder and Co-CEO at Minted. Minted is the leading crowd-sourcing design company that holds continuous design competitions. Designers submit work from all over the world and Minted's community votes to tell the company what to sell. Previously she co-founded the first online cosmetics retailer, Eve.com, which was sold for over $100 million. In this episode we get to hear Mariam's expertise on entrepreneurship and business strategy.
Mariam Naficy is the Founder and Co-CEO at Minted. Minted is the leading crowd-sourcing design company that holds continuous design competitions. Designers submit work from all over the world and Minted's community votes to tell the company what to sell. Previously she co-founded the first online cosmetics retailer, Eve.com, which was sold for over $100 million. In this episode we get to hear Mariam's expertise on entrepreneurship and business strategy.
A little more than a decade ago, the world of digital printing was a different place, dominated by manufacturers and largely devoid of artists and designers. In 2007, Mariam Naficy set out to change that, founding Minted as a stationery company that would use emerging tech to promote the work of independent artists and designers. Nearly 15 years later, the company continues to stay ahead of the curve through its crowdsourced design competitions—giving consumers a hand in what's sold on the site while simultaneously offering an early glimpse into rising trends.This episode is sponsored by Crypton Home Fabrics and Hooker Furniture. LINKSMintedDennis ScullyBusiness of Home
Balance: Domestic responsibilities have always fallen more heavily on women than on men, and that remains true even when both partners work outside the home. Juggling domestic and professional life has always been hard, but COVID-19 has made that balance impossible. Our co-host Nina Kjellson finds that even in these pre-COVID interviews, our guests provide much inspiration and guidance in their individual perspectives and experiences as working moms. We’ll hear from Dr. Odette Harris, Mariam Naficy, Karla Gallardo, Ginger More, Julia Collins, and Amy DuRoss to hear the similarities between starting a family and a company at the same time, the difference supportive managers make, and why women should take more entrepreneurial risks before having children.Hosted by Nina Kjellson, WoVen : Women Who Venture is a podcast from Canaan and Edit Audio Inc. that represents a platform, a community and really a celebration of venturesome and adventurous women in healthcare, tech and business.
Prejudice: Last time we explored the power of self-care. This episode, we’ll dig into prejudice, a draining reality that most women, and especially women of color, have to deal with on a regular basis. Being an “other” in a predominantly white and male working environment comes with many challenges, but it also comes with an opportunity to influence change. Our co-host Laura Chau reveals the ways in which our guests experience, cope with, and push back against the prejudice they face. We sit down with Odette Harris, Julia Collins, Julie Wainwright, Amy DuRoss, and Mariam Naficy to hear how they embody confidence, unapologetically innovate, and evoke change for the future.Hosted by Laura Chau, WoVen : Women Who Venture is a podcast from Canaan and Edit Audio Inc. that represents a platform, a community and really a celebration of venturesome and adventurous women in healthcare, tech and business.
Mariam Naficy is the founder and CEO of Minted, an online design marketplace that produces stationery, paper goods, home decor products, and really, anything to support an intentional lifestyle.And it's all based on crowdsourced designs from a talented community of independent artists from over 100 countries. Mariam is no stranger to an eclectic community. She is the daughter of Iranian and Chinese immigrants and lived all over the world growing up. She points to these diverse experiences, and the experience of often being an outsider, as the foundation for her ability to approach entrepreneurial problems from a new perspective. In 1998, she founded Eve.com, an e-commerce cosmetics company which she then sold for $110 million just two years later. She followed it up with Minted, which she originally intended to run as a lifestyle business she could operate while raising her young kids. But, after a bumpy start, and almost shutting down the company, Mariam realized the unique value of the community of artists she had built. She has now gone on to raise nearly $300 million in venture capital, valuing the company at well over $700 million.
In 2000, Mariam Naficy sold her first company, an online cosmetics store called Eve.com, for $110 million. Several years later, she got the entrepreneurial itch once again: she founded Minted.com, an online stationery store that solicits designs from artists all over the world. Today Minted is one of the biggest crowdsourcing platforms on the Internet. PLUS in our post-script "How You Built That," we check back with Christopher Rannefors who created BatBnB, a sleek wooden box that hangs on your house and provides a safe home for mosquito-eating bats.
Every founder faces the same question when they start their entrepreneurial journey: How much money do I need to raise? And the answer is: A lot more than you think – but not for the reasons you think. In this classic episode, the founder and CEO of Minted, Mariam Naficy, talks about her decision to raise – and raise again. Not for a rainy-day slush fund, but because she understood that to outmaneuver the competition, to guard against economic downturns, and to take advantage of opportunities that may unfold late in the game, she’d need to have the capital. It was with that foresight that she raised more than $300 million – and grew Minted to the nine-figure revenue company it is today. Cameo appearances: Selina Tobaccowala (Evite, Gixo), Daniel Kahneman (Nobel-winning psychologist), Brian Chesky (Airbnb), Amos Kedmey (Wine and Cheese Place).
Fouad ElNaggar is the Founder & CEO @ Sapho, the only employee experience portal designed for the digital workforce. To date, Ray has raised over $27m in funding with Sapho from some real favourites of ours including Ray @ Caffeinated, Felicis, Uncork, Bloomberg Beta, Clark Landry and Howard Lindzon @ Social Leverage, just to name a few. Prior to founding Sapho, Fouad was the Chief Strategy Officer at CBS Interactive overseeing strategy, operations, partnerships, and M&A. At CBSi, Fouad structured deals with partners such as Yahoo, IAC, and Twitch and acquired premium brands such as TV Guide and Giant Bomb. Prior to CBSi, Fouad was a VC at Redpoint Ventures overseeing the firm’s LA office and helping establish a dedicated fund in Brazil. Fouad has previously founded three venture-backed companies – Marketing Technology Solutions (acquired), Liquid Light (acquired), and Hark. In Today’s Episode You Will Learn: How Fouad made his way from the world of VC to the world of CBS and media to founding SaaS companies being a serial SaaS founder with his 4th company, Sapho? What does Fouad mean when he says the role of the CEO is to be an “inspirational asshole”? Why is this role so crucial and how is it embodied both in the approach to inspiring a team and driving goals and decision-making? How does Fouad think about structuring decision-making internally? Where do so many go wrong in implementing a decision-making process? Why is Fouad a believer that “it is about coaching and promoting rather than signal hiring”? What does Fouad really interpret as signal hiring? When does signal hiring work well? How does Fouad determine when a stretch VP is a stretch too far? What are the leading indicators? Does Fouad agree with Mariam Naficy that rotation of function is key to internal upscaling? What does Fouad believe are the 2 fundamental benefits of “being old” in SaaS? How would Fouad respond to the suggestion that the rate of decay on experience has never been greater with Moore’s law effect on technology? Applied to hiring, how does Fouad think about the decision to hire a jack of all trades vs a specialist? When is the time to make the transition? Fouad’s 60 Second SaaStr What does Fouad know now that he wishes he had known at the beginning? A moment in Fouad’s business life that changed the way he thinks? What would Fouad most like to change in the world of SaaS today? Read the full transcript on our blog. If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Fouad ElNaggar
In 2000, Mariam Naficy sold her first company, an online cosmetics store called Eve.com, for $110 million. Several years later, she got the entrepreneurial itch once again: she founded Minted, an online stationery store that solicits designs from artists all over the world. Today Minted is one of the biggest crowdsourcing platforms on the Internet. PLUS for our postscript, "How You Built That," how Vanessa and Casey White turned their grandfather's pierogi recipe into Jaju Pierogi.
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Mariam Naficy has pioneered consumer Internet models since 1998, when she co-founded the first online cosmetics retailer, Eve.com, which was sold for over $100 million. Today, Mariam is the Founder & CEO @ Minted, the startup that uses crowdsourcing and analytics to bring the best designs to market faster than anyone. To date, Mariam has raised &89m in VC funding with Minted from some of the best in the business including our favourites Floodgate, Benchmark, Menlo, Slow, Ridge Ventures and then prominent individuals such as Marissa Meyer and Jeremy Stoppelman. In addition, Mariam sits on the Board of Yelp and Every Mother Counts. In Today’s Episode You Will Learn: 1.) How Mariam made her way into startups from investment banking and came to sell her first startup, Eve, for $100m in cash within a year before founding Minted? 2.) What were the biggest lessons Mariam learnt from Eve and applied to Minted? Why did Mariam not want to pursue VC funding in the beginning with Minted? What was the inflection point in not taking VC to taking VC funds? 3.) How did Mariam think about capital efficiency in the early days of Minted? How did Mariam see that change with the sudden injection of VC capital? In the heavily funded landscape today, would Mariam have raised VC money from the start, if starting today? 4.) Mariam is a master of internal upscaling, what is the secret to creating a culture of internal continuous learning? Why is rotation within the company roles such a core element? How has Mariam's assessment of people talent changed over the years? 5.) What would Mariam say is her greatest strength and he greatest weakness as a CEO? How has she seen this change with her 20 years of founding companies? How did having children change her outlook on managing people? Items Mentioned In Today’s Show: Mariam’s Fave Book: The Effective Executive As always you can follow Harry, The Twenty Minute VC and Mariam on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. Cooley are the global law firm built around startups and venture capital. Since forming the first venture fund in Silicon Valley, Cooley has formed more venture capital funds than any other law firm in the world, with 50+ years working with VCs. They help VCs form and manage funds, make investments and handle the myriad issues that arise through a fund’s lifetime. So to learn more about the #1 most active law firm representing VC-backed companies going public. Head over to cooley.com and also at cooleygo.com. Zoom, fastest growing video and web conferencing service, providing one consistent enterprise experience that allows you to engage in an array of activities including video meetings and webinars, collaboration-enabled conference rooms, and persistent chat all in one easy platform. Plus, it is the easiest solution to manage, scale, and use, and has the most straightforward, affordable pricing. Don’t take our word for it. Zoom is the top rated conferencing app across various user review sites including G2Crowd and Trust Radius. And you can sign up for a free account (not a trial!). Just visit Zoom.us.
Mariam Naficy - Minted CEO, spends some time with us. She shared with us some what it took to start Minted, why Minted's business model is unique, how technology is being used, and if there are plans to open stores. https://www.minted.com/ --- Send in a voice message: https://anchor.fm/brickdatacast/message Support this podcast: https://anchor.fm/brickdatacast/support
Think you've raised enough money for your startup? Think again. You have to run through a minefield of unexpected expenses as an entrepreneur. And you never know where the big opportunity will come from. So always, always raise more money than you think you need. Mariam Naficy shares her white-knuckle experiences founding startups that survived two financial crashes — online cosmetic company Eve.com in the 90s, and founder and designer boutique Minted.com today.
Spirit of 608: Fashion, Entrepreneurship, Sustainability + Tech
When Mariam Naficy, the founder of crowd-sourced design juggernaut Minted, launched her first company as a go-getting 20-something, she didn't realize how grateful she'd be one day for the early risks she took - and not just because it led to a now-legendary acquisition during the first dot-com boom and a series of subsequent successes. As you'll hear her explain on today's show, she's a strong believer in leaping early - especially for entrepreneurial women. We'll talk about why that is, as well as her perspective on being a non-technical founder - and why finance knowledge may be even more important than tech skills when you're starting a new venture. Another gem from today's conversation: a quick, ultra easy litmus test for saying yes or no to the events and daily asks that pop up on your radar. This episode brought to you with support from the FEST-ive folks at Betabrand. Save 20% off when you shop and use code SPIRIT20. But wait, there's more below!
This is session 7 of Technology-enabled Blitzscaling, a Stanford University class taught by Reid Hoffman, John Lilly, Allen Blue, and Chris Yeh. This class features Reid Hoffman interviewing Mariam Naficy, the Founder and CEO of Minted.com, and the Founder and Co-CEO of Eve.com.
Host Lauren Schiller talks with Mariam Naficy, Founder and CEO of Minted, a marketplace of independent artists.
"There's never been a better time to start a business," says Philip Krim, co-founder and CEO of Casper. He joined Mariam Naficy, founder and CEO of Minted, and David Solomon, co-head of the Investment Banking Division at Goldman Sachs, to discuss what's most important for successful companies and the one class business school graduates wish they could take again. This podcast was recorded on October 15, 2015. The information contained in this recording was obtained from publicly available sources and has not been independently verified by Goldman Sachs. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty as to the accuracy or completeness of the information contained in this recording and any liability as a result of this recording is expressly disclaimed. This recording should not be relied upon to evaluate any potential transaction. Goldman Sachs is not giving investment advice by means of this recording, and this recording does not establish a client relationship with Goldman Sachs. Copyright 2015 Goldman Sachs. All rights reserved.