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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

So think about what I said at the beginning. I didn't want to be the people at Clorox and all of a sudden I have people like them on my board who think they know and they're hierarchical. And it's the same thing. You can't talk to a board member like that because what they're saying is wrong and will hurt the company. And it was a lie.

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

So think about what I said at the beginning. I didn't want to be the people at Clorox and all of a sudden I have people like them on my board who think they know and they're hierarchical. And it's the same thing. You can't talk to a board member like that because what they're saying is wrong and will hurt the company. And it was a lie.

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

It's a huge disconnect. And I would say there's two problems. One is it was all corporate except this one person. And I just think it's the wrong thing. I think that we need to look at choosing board members differently. Okay. And I think it's really critical. But if you're raising capital, you get that board member. And that board member may also be toxic. But I didn't have that experience prior.

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

It's a huge disconnect. And I would say there's two problems. One is it was all corporate except this one person. And I just think it's the wrong thing. I think that we need to look at choosing board members differently. Okay. And I think it's really critical. But if you're raising capital, you get that board member. And that board member may also be toxic. But I didn't have that experience prior.

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

It's a huge disconnect. And I would say there's two problems. One is it was all corporate except this one person. And I just think it's the wrong thing. I think that we need to look at choosing board members differently. Okay. And I think it's really critical. But if you're raising capital, you get that board member. And that board member may also be toxic. But I didn't have that experience prior.

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

The board members, the original investors, except for one, were pretty remarkable. So you had a great board.

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

The board members, the original investors, except for one, were pretty remarkable. So you had a great board.

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

The board members, the original investors, except for one, were pretty remarkable. So you had a great board.

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

And I think that person would have supported. He wouldn't have messed up and gotten off the board. He blew it. Everybody answers to somebody. So I'm sure he messed up. He should have gotten his money out. He didn't.

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

And I think that person would have supported. He wouldn't have messed up and gotten off the board. He blew it. Everybody answers to somebody. So I'm sure he messed up. He should have gotten his money out. He didn't.

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

And I think that person would have supported. He wouldn't have messed up and gotten off the board. He blew it. Everybody answers to somebody. So I'm sure he messed up. He should have gotten his money out. He didn't.

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

Well, it's your story, so you can always talk. I don't think it benefits me to talk that publicly about it. It's in the book, though, of course. How do you think the company is doing now? If you follow the financial results, they're not in a growth mode. Their customer base shrunk by over 9%. Their average order size went way up, which I know they're very proud of.

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

Well, it's your story, so you can always talk. I don't think it benefits me to talk that publicly about it. It's in the book, though, of course. How do you think the company is doing now? If you follow the financial results, they're not in a growth mode. Their customer base shrunk by over 9%. Their average order size went way up, which I know they're very proud of.

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

Well, it's your story, so you can always talk. I don't think it benefits me to talk that publicly about it. It's in the book, though, of course. How do you think the company is doing now? If you follow the financial results, they're not in a growth mode. Their customer base shrunk by over 9%. Their average order size went way up, which I know they're very proud of.

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

I think it's dangerous, especially in a bad economy. I'm not there day to day. I would say I really can't comment beyond that. But the stories I know are the stories I know. I still people call me. And I will just go on record, Rati does not call me, but they've fired the CFO who also was the new CFO in the company. And look, I'm not there. So I'm not going to say anything good.

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

I think it's dangerous, especially in a bad economy. I'm not there day to day. I would say I really can't comment beyond that. But the stories I know are the stories I know. I still people call me. And I will just go on record, Rati does not call me, but they've fired the CFO who also was the new CFO in the company. And look, I'm not there. So I'm not going to say anything good.

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

I think it's dangerous, especially in a bad economy. I'm not there day to day. I would say I really can't comment beyond that. But the stories I know are the stories I know. I still people call me. And I will just go on record, Rati does not call me, but they've fired the CFO who also was the new CFO in the company. And look, I'm not there. So I'm not going to say anything good.

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

I hope it goes on. It was a labor of love. And honestly, it's a great service. We really changed the fashion world. We got people thinking about recirculating goods. We raised awareness of the issue of unused clothing or really poorly made clothing going to landfills, which is for microplastics. which goes right into your drinking water.

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

I hope it goes on. It was a labor of love. And honestly, it's a great service. We really changed the fashion world. We got people thinking about recirculating goods. We raised awareness of the issue of unused clothing or really poorly made clothing going to landfills, which is for microplastics. which goes right into your drinking water.

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

I hope it goes on. It was a labor of love. And honestly, it's a great service. We really changed the fashion world. We got people thinking about recirculating goods. We raised awareness of the issue of unused clothing or really poorly made clothing going to landfills, which is for microplastics. which goes right into your drinking water.