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Julie Wainwright

👤 Person
567 total appearances

Appearances Over Time

Podcast Appearances

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Not lately, but you're right. We had Bumble come out, I think, right after that, and that did well. But before me was Katrina Lake with Stitch Fix.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Not lately, but you're right. We had Bumble come out, I think, right after that, and that did well. But before me was Katrina Lake with Stitch Fix.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Well, all right, let's just take a step back. If you take money from people, which I took a lot of money, you have to have a vehicle for them to get it out. Totally. It's as simple as that. You either have to sell the company or take it public. That's it. You only have two paths. Or if you shut it down, you're sort of in hot water for a long time.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Well, all right, let's just take a step back. If you take money from people, which I took a lot of money, you have to have a vehicle for them to get it out. Totally. It's as simple as that. You either have to sell the company or take it public. That's it. You only have two paths. Or if you shut it down, you're sort of in hot water for a long time.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Well, all right, let's just take a step back. If you take money from people, which I took a lot of money, you have to have a vehicle for them to get it out. Totally. It's as simple as that. You either have to sell the company or take it public. That's it. You only have two paths. Or if you shut it down, you're sort of in hot water for a long time.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

That's a bad end. So I find founders, they don't always understand that you are obligated to actually return money. Once you take it in. So no one was going to buy the real, real. So our path was going public. And my goal was when the company got to at least a billion dollars in top line sales, we should be ready because it was becoming highly predictable. And we were that year.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

That's a bad end. So I find founders, they don't always understand that you are obligated to actually return money. Once you take it in. So no one was going to buy the real, real. So our path was going public. And my goal was when the company got to at least a billion dollars in top line sales, we should be ready because it was becoming highly predictable. And we were that year.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

That's a bad end. So I find founders, they don't always understand that you are obligated to actually return money. Once you take it in. So no one was going to buy the real, real. So our path was going public. And my goal was when the company got to at least a billion dollars in top line sales, we should be ready because it was becoming highly predictable. And we were that year.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

We had a billion 2019 with a billion in top line sales. It was predictable.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

We had a billion 2019 with a billion in top line sales. It was predictable.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

We had a billion 2019 with a billion in top line sales. It was predictable.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Except you still report. You still have a board of directors.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Except you still report. You still have a board of directors.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Except you still report. You still have a board of directors.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

you report publicly the mechanism in my view isn't that different if you're running a company you're still having board meetings preparing financials reporting you better have checks and balances on those financials and you're reporting into the board of directors yes

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

you report publicly the mechanism in my view isn't that different if you're running a company you're still having board meetings preparing financials reporting you better have checks and balances on those financials and you're reporting into the board of directors yes

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

you report publicly the mechanism in my view isn't that different if you're running a company you're still having board meetings preparing financials reporting you better have checks and balances on those financials and you're reporting into the board of directors yes

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Yeah, everyone talks that, but you're right. It's a different, I agree. I'm just being a little cantankerous, but I don't disagree. But look, the RealReal was growing 40%. Pre-COVID. In January of 2020 versus a year ago, same period a year ago. February, same number, 40% versus a year ago. March, San Francisco and New York were early people to force shutdowns.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Yeah, everyone talks that, but you're right. It's a different, I agree. I'm just being a little cantankerous, but I don't disagree. But look, the RealReal was growing 40%. Pre-COVID. In January of 2020 versus a year ago, same period a year ago. February, same number, 40% versus a year ago. March, San Francisco and New York were early people to force shutdowns.

Money Rehab with Nicole Lapin
Julie Wainwright (Founder, The RealReal) on Facing the Competition and Taking Companies Public

Yeah, everyone talks that, but you're right. It's a different, I agree. I'm just being a little cantankerous, but I don't disagree. But look, the RealReal was growing 40%. Pre-COVID. In January of 2020 versus a year ago, same period a year ago. February, same number, 40% versus a year ago. March, San Francisco and New York were early people to force shutdowns.