58 - Rich Gersten, True Beauty Ventures

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This is a podcast episode titled, 58 - Rich Gersten, True Beauty Ventures. The summary for this episode is: <p>In Episode 58 of Earned, Conor sits down with beauty investor Rich Gersten, co-founder and Managing Partner of beauty-focused growth fund (and newly announced Tribe Dynamics partner) True Beauty Ventures. To start the episode, Rich walks us through his career trajectory, unpacking his transition from private equity to venture capital, before explaining how he wound up investing exclusively in beauty brands. We then learn why he founded True Beauty Ventures at the end of 2019 to provide capital and guidance to smaller beauty businesses. Next, Rich shines a light on the qualities that distinguish a successful investor, emphasizing that the investment business is all about pattern recognition, so specialization is key. We also hear which characteristics of effective brand founders make Rich keen to invest, before learning about the metrics and KPIs that he values most. To close the show, Rich shares the knowledge he gained from investments that didn’t turn out as expected, and how those takeaways have informed True Beauty Ventures’ brand mentorship program.</p>
Why Rich Gersten Started True Beauty Ventures
06:03 MIN
The Qualities That Distinguish a Successful Investor
06:10 MIN
Characteristics of Effective Brand Founders
01:42 MIN
The KPIs That Matter Most to Beauty Investors
03:51 MIN
Why Earned Media Value is Important to Investors
06:49 MIN
Rich's Learnings From Investments That Didn't Succeed
03:52 MIN

DESCRIPTION

In Episode 58 of Earned, Conor sits down with beauty investor Rich Gersten, co-founder and Managing Partner of beauty-focused growth fund (and newly announced Tribe Dynamics partner) True Beauty Ventures. To start the episode, Rich walks us through his career trajectory, unpacking his transition from private equity to venture capital, before explaining how he wound up investing exclusively in beauty brands. We then learn why he founded True Beauty Ventures at the end of 2019 to provide capital and guidance to smaller beauty businesses. Next, Rich shines a light on the qualities that distinguish a successful investor, emphasizing that the investment business is all about pattern recognition, so specialization is key. We also hear which characteristics of effective brand founders make Rich keen to invest, before learning about the metrics and KPIs that he values most. To close the show, Rich shares the knowledge he gained from investments that didn’t turn out as expected, and how those takeaways have informed True Beauty Ventures’ brand mentorship program.