This episode explores Ju Rhyu's journey of launching and scaling Hero Cosmetics, highlighting key decisions and inflection points. Rhyu recounts her initial hesitation to launch the company despite having a product, manufacturer, and packaging ready, and how finding co-founders provided the necessary support. The discussion pivots to Hero Cosmetics' early strategy of focusing on Amazon, defining success metrics, and utilizing earned media and micro-influencer marketing. More significantly, Rhyu details the decision to take on outside investors to gain strategic guidance and invest in experienced talent, which transformed the company's growth trajectory. The conversation shifts to channel diversification, including an exclusive retail partnership with Target, and the eventual decision to sell the company to Church & Dwight for $630 million. Rhyu emphasizes the importance of emotional detachment post-acquisition and expresses her eagerness to start another entrepreneurial venture, leveraging her experience and network. This journey reflects emerging industry patterns of balancing growth with strategic partnerships and recognizing the opportune moment for an exit.
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How this first-time founder landed a $630 million exit | Masters of Scale | Podwise
