Adam Goldenberg is a successful entrepreneur and businessman who first ventured into the business world at an early age of 16. Following the acquisition of his first venture by Intermix Media in 1999, Goldenberg became the Vice President responsible for Strategic Planning at the firm. At age 20, he was promoted to the position of COO, a role he served until 2005 when Intermix Media was bought by News Corp. In 2006, Mr. Goldenberg and Don Ressler teamed up and formed Intelligent Beauty. The Intelligent Beauty specialized in two lines of businesses; the DERMSTORE and JustFab.com. Intelligent Beauty believed in an improved way of launching and expanding entities in the market. It utilized technological approach to help brands to grow.
Goldenberg named 3 LA CEOS
In 2014, Built In LA named Adam Goldenberg among the ‘3LA CEOs you need to know’ following his successful career, which he started during his teenage years. JustFab operated a fashion program that was operating in five other countries. JustFab expanded and launched another athletic platform Fabletics. According to Mr. Goldenberg at http://www.entrepreneur.wiki/Adam_Goldenberg, working with the numbers is their biggest priority because they can detect discrepancies and make the necessary fixes before they are ignored. He believes when numbers are shared among the team, they can understand where tactical changes are required to keep the business successful.
Adam Goldenberg’s take about LA startup community
Adam Goldenberg believes that LA startup community has shown significant growth in the past few years. For this growth to continue, Adam says that established businesses and leaders should invest in nurturing emerging entrepreneurs. As such, the startup industry will continue on an upward tread and that will benefit many new entrepreneurs.
JustFab hit $1 billion in capital
In 2014, JustFab raised $85 billion from partner investors in order to invest in new market opportunities in Western European countries. JustFab and its affiliates FabKids and ShoeDazzle have surpassed $1 billion in valuation on vator.tv. About four years, JustFab decided to construct a 3,000 sq-ft complex in Los Angeles suburban area. Mr. Goldenberg was optimistic that his firm has positioned itself properly to compete with established brands in the industry. He was projecting the firm’s sale to exceed $500 million after one year.
JustFab changes its name to TechStyle
Last year, the co-CEO of JustFab Mr. Adam Goldenberg was interviewed on CNBC about the change of name to TechStyle Fashion Group. He also explained what consumers should expect in the fashion industry in coming years.
Read more: TechStyle’s data-driven fashion – CNBC Video