stuart landesberg net worth

He treats a wide range of health problems with the highest level of professionalism and comfort: Auto related injuries Arm pain Stuart Landesberg owns 3,172,651 shares of Grove Collaborative Holdings Inc (GROV) as of March 20, 2023, with a value of $2 Million. He was pretty set. An example of data being processed may be a unique identifier stored in a cookie. : And then it becomes toxic. Groves offers 30% more product for 40% less cost. You can find me on Twitter. Virgin Group Acquisition Corp II is a blank check company. So I knew Jordan just a little bit in high school, and then he moved out to San Francisco, and we reconnected when he got out here. Exit Edition, 3 Major Industries And Their Next-Gen Disruptors. The work that I was doing was a lot of junior-level stuff: running analyses, bringing in our presentations, working closely with management teams to make sure that we could accurately portray their businesses and understand their businesses as we considered investing. So many times. I remember vividly. Stuart Landesberg: Exactly. : Oh, my gosh. : So two co-founders: Jordan Savage who is our Creative Director and fantastic guy, and Chris Clark who is also terrific, whos our CTO. 16. So the business model has always been about providing better products to consumers and making it really easy for folks to switch from products that our parents used and products that are better for our homes, our families, and the planet. The most recent transaction was a purchase order of 55,000 units , worth Other key executives at Grove Collaborative Holdings Inc include According to Social Accountability Accreditation Services (SAAS), the Business Social Compliance Initiative (BSCI) is a program of the Foreign Trade Association of Europe. : When we started the business, none of us had ever built a consumer internet company before. If you like the show, make sure that you hit that subscribe button. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. He says that the reason it has been successful is due to the people who work there. But he wants to do more than sell Seventh Generation or Method soaps online. : Thats a fair amount of employees, so Im sure that for you, it has been an unbelievable journey as well as learning as a leader. Id been at it for four years with mixed results. But what was the experience before that happened? Alejandro: Wow. Yeah. Over time, we evolved it to a point where we said, Okay. After we made our repositioning, a bunch of our strategies just started working better because the business was better positioned. I dont see it as either I work for the board or the board works for me. The financing is a tool, but the business opportunity is not contingent on the financing. In this podcast episode, Stuart sheds light on how he's been able to get so many people who've never tried eco-friendly products And in your guys case, youve raised a bit of money. Enjoy a 7-Day Free Trial Thru May 08, 2023! Grove has a partnership with the Arbor Day Foundation. Still, Im proud of it, I suppose. But Im aligned with your point. The above-and-beyond effort that he did inspired our COO who talked about it to all hands, and it was like really awesome, and thats real leadership from someone whos been with the company for just a couple of months and who works on the floor in our St. Peters Fulfillment Center. He was hoping for the next round of funding to come in, and it did, much to his relief. of 103,300. For our Series A, I think we went out and talked to 156 firms. Here's why the CEO is bullish on California. The company name was changed in 2016 with a focus on being trustworthy for its engaged customers. Right? Theres no subscription fee for the consumer experience. He serves on the National Resource Defense Council's SF Council and is a frequent startup advisor and investor. I will talk about people a lot. Although Truepill started with direct-to-consumer brands, its now making a bigger play to bring on corporate customers with pricey, specialty medications. Then we raised our Series B from Mayfield in the first quarter of the following year. WebStuart Landesberg General Information. So he has been on both sides of the table. I am always excited to dispel the notion that capital creates success because its definitely a really helpful tool on the way, but it is not a driver in and of itself. I can start with the very first financing, which was me putting my own money in, and a couple of people who I worked with putting in small amounts of money. Stuart Landesberg: TPG is a wonderful firm. Prior to joining Grove, in 2012 Mr. Clark led project management and engineering at Kaggle, Inc. and was a product manager and engineer at Blackbaud from 2007 to 2012. Grove Collaborative was named the 37th fastest growing company in the U.S. in the 2018 Inc. 500. Mr. Clark co-founded Grove in 2012 and has served as its Chief Technology Officer since 2013. Alejandro: Just out of curiosity, what was that time where you were like touching the cliff? I think there was never a day that I worked at Lehman Brothers where the stock was higher than my first day. Stuart Landesberg: Yes. I was at my buddys house. Alejandro: One of the things that Ive seen here, Stuart, and let me know if you agree or not is that there are two types of boards. In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his consultancy, Aspect, to developing a program that would automate software security analysis. At least thats been my really fortunate history. He went above and beyond in creating a really awesome video that shows what the lifecycle of a particular shipment from getting picked to going out the door. That will give you a rough sense for how big we are. So if we reposition, we think theres a higher maximum rate, a different global maximum that we can shoot for. When we relaunched the company, it was extremely nerve-wracking, but we had built at that point a culture of constant improvement, which I think is still really with the company today that allowed us to see this as just one more natural step in our own evolution as a business. I love the potential that our category already has for a positive change. Lattice helps their employers step up. I feel like we are still in the super-early stages. Stuart Landesberg: Paul Martino at Bullpen Capital who I also think the world of and if you folks who are listening have an opportunity to work with Paul or Bullpen another phenomenal group. David Glazer who bought 25,548 units worth Mr. Landesberg co-founded Grove Collaborative in 2012 and has served as its Chief Executive Officer Stuart Landesberg is the co-founder and CEO of Grove Collaborative which has an owned direct-to-consumer e-commerce platform for natural home and personal care products. Im excited about the guest that we have today because he has the experience not only as an operator, as a founder, but then also before, he was on the investment side. I'm Ken Martin. : Got it. Your email address is 100% safe from spam! It has 6 locations nationwide in key cities, but keeps it friendly with highly personalized service. The second thing is a willingness not just a willingness, a perspective that is long-term and positive. I viewed it as just part of constant chipping away. Stuart Landesberg: I left TPG with one of the partners who I respected deeply and actually had been an operator previously, and we started Toro on many of the same themes as TPG: long-term investing, looking for companies that had sustainable, competitive advantage. Then during one of the commercials, it said, Crisis at Lehman. I saw a friend of mine walking out of the building with a box. Stuart Landesberg: The idea of Grove was a combination of something Ive always cared deeply about as an individual and industry trends that I saw at TPG. It was a lesson that I never forgot. Why are you at the office in the middle of the night packing up your stuff? He said, You didnt hear? : Sure. Its been multiple rounds that youve gone through. So thats number two. Alejandro: Got it. Whats on shelf at most grocery stores and retail stores is driven by big brands that have extraordinary marketing budgets and hundreds of billions of dollars of trade stand. The second best result is Stuart N Landesberg age 60s in New York, NY in the Hell's Kitchen neighborhood. In those early days, I wish I had just Im really grateful we did focus as much on the consumer as we did, but we also wasted a lot of time in cycles on things that werent ultimately value-creating in the long run but were only there to sort of swage short-term founders of a small business insecurities. Stu was previously an investor at TPG Growth, where he was involved in over $400 million in consumer and technology investments. Reporting to the board and the board holding us accountable means communication well beyond just the actual board meetings. Instead of charging per user, Lehi, Utah-based Divvy gives businesses custom Mastercards and takes a cut of merchants fees to the bank when people make purchases. I shouldnt say that. We end up spending resources in part where our stakeholders, including our stockholders, want us to focus. GuruFocus.com is not operated by a broker or a dealer. Alfred Lin at Sequoia said something quite smart at a conference I was at recently. Redis Labs relies on whats known as NoSQL, an alternative form of compiling data that is faster than traditional models. The second thing is a willingness not just a willingness, a perspective that is long-term and positive. Mr. Stuart Landesberg is a Co-Founder and serves as Chief Executive Officer, Board member & President at Grove Collaborative. Mr. Landesberg earned a B.A. The company had raised $150 million in its Series D round, led by Lone Pine Capital, General Atlantic, and Glynn Capital; along with new investor Greenspring Associates. The categories that we operate in are natural home and personal care things like dish soap, laundry detergent, bath tissue, oral care, shampoo, and stuff like that. For me, personally, its really about, can I create the atmosphere and bring the people together, set them up for success such that we have a chance at pursuing those things? Thats normal. The company was removed from consideration after our investigation, and its CEO resigned in mid-June. I didnt realize year five was going to be the breakout. Its a common refrain, and Ive certainly said it myself that if only we had all this money, it would be so easy. Drayage is a lot more complicated because it involves terminals and ports, says Yan, 38. Only the transactions in Open Market or Private Sale at the market prices are included. Alejandro: Why did you take the CEO role out of the three of you? 8. : Really cool. I define success for the company our company vision statement is that consumer products will be a positive force for human and environmental health, not just less bad, but actually more good for human and environmental health. To scale up quickly, the Mountain View, California-based company offered a free, open-source version to hook developers. In Summer 2016, he had a serious talk with his wife about the $200,000 he had invested in the business and $400,000 on a corporate credit card. Stuart Landesberg: Sure. Steven Landesberg was born on November 23, 1936, in the Bronx, New York, to milliner Ann Landesberg and grocery store owner Abraham Landesberg. We have seven locations across the U.S., and we ship to hundreds of thousands of customers a month. To make Grove Collaborative a 100-year company, CEO and Co-founder, Stuart Landesberg, only looks far enough ahead to see the next milestone. The above-and-beyond effort that he did inspired our COO who talked about it to all hands, and it was like really awesome, and thats real leadership from someone whos been with the company for just a couple of months and who works on the floor in our St. Peters Fulfillment Center. : It was a crazy experience, sad, educational, and really formative. What was the big takeaway for you from this experience? We had a couple of other potentials on the insiders that wouldnt have let the company go out of business. So I think that aside from having a culture thats authentic to the company and to the people in the room, the other factors are transparency, preparation, and what I would call a sense of shared mission around seeing the companys vision get realized. Grove Collaborative is part of the Grocery Retail industry, and located in California, United States. . So the three of our skill sets were quite complementary. What was the big takeaway for you from this experience? : The biggest two takeaways were not to take anything for granted. Nor was seeing I remember the managing director who sat right in front of me. Grove Collaborative is just a few years old but generated $104 million in revenue in 2018. We never gave up on listening to the consumer, make a little more progress, listen to the consumer, continue to evolve the experience. I didnt realize year five was going to be the breakout. There were multiple times I wasnt sure we were going to get the money we needed to keep going. acquisition Yan forecasts revenue will hit $120 million this year, helped by large contracts with retailers Dollar General, Rite Aid and Steve Madden. Where they get like the products that are about really everything that has to do with the home. Regardless of where people exist in their beliefs, he believes that the goal for the world must be more than just making money. That is how supply chains are run even now without a solution like FourKites. What I meant with the reporting is where trust is not present. : Thats great, and I think that having such phenomenal investors has also allowed, perhaps to have a phenomenal structure at a board level. cost sale The company has been in business since 1964. Stuart Landesberg was previously an investor at TPG Growth, where he was involved in over $400 million in consumer and technology investments. Read More: Robert Sadow And Jonathan Sadow On Raising $100 Million To Reinvent How You Commute To Work. Each order of Seedling tree-free products helps Groves initiative to replant deforested areas across the United States. : The first four years, candidly, were kind of a scary experience. He founded Grove, which has been a Certified B Corp since its founding, after learning that offline distribution meant that just a small percentage of families were choosing healthy, sustainable home care products. But I dont think theres ever a moment, and I still dont feel like theres a moment of like liftoff. Chris and Jordan both are I cannot say enough good things about them as individuals, as partners, and I cannot stress how important or how valuable it is to have great people as partners on this entrepreneur journey. Grove Collaborative maintains an anti-ingredient list. I think good governance is important, and I think its important that the board hold me and the management team accountable to the goals that we set for the company. Grove Collaborative works exclusively with Leaping Bunny. A company who endeavors to become a B Corp undergoes an extremely rigorous examination process. The B Corp community works to support a healthier environment, reduce inequality, lower poverty levels, create stronger communities, and create jobs with purpose and dignity in order to build a more sustainable and inclusive economy. Its awesome to know that I have that partnership. Ill always be embarrassed about that as I recall. Still, Im proud of it, I suppose. 3 insider transaction in Grove Collaborative Holdings Inc (GROV) with a net While competitors collect and query data in batches every two to three minutes, SignalFx evaluates and alerts users to anomalies in two to five seconds.
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