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No Limits with Rebecca Jarvis

#84: Amy Jain and Daniella Yacobovsky: Co-Founders, BaubleBar

No Limits with Rebecca Jarvis

ABC News

Business, Careers

4.7703 Ratings

🗓️ 15 May 2018

⏱️ 29 minutes

🧾️ Download transcript

Summary

As the co-founders of BaubleBar, Amy Jain and Daniella Yacobovsky know what it means to build a business with your best friend. They first met while working in investment banking before both getting accepted to Harvard Business School. The idea for BaubleBar came to them while working on a class project and after graduation, the company officially launched in 2011. The business quickly scaled to amass over 1500 orders per day and their brand can be found in 200 retailers around the world. On this episode, Amy and Daniella open up about deciding to launch BaubleBar instead of pursuing the jobs they had lined up after graduation, the downside of raising too much money when you're a founder, and why they believe their friendship has been a key driver in BaubleBar's success.   Congratulations to our No Limits Entrepreneurs of the Week: Melissa Harper and Christy Keswick, Co-Founders of Good Sports Find out more:  https://www.goodsports.org/ Want to be a featured NLEOTW? Know someone who should? Send your nominations to [email protected] Don’t forget to subscribe and leave us a review! It’s easy! Click here: http://bit.ly/2ks4f90 ABOUT REBECCA JARVIS:  Rebecca Jarvis is an Emmy Award-winning journalist and the Chief Biz, Tech and Econ correspondent for ABC News. Follow Rebecca Jarvis: Instagram.com/RebeccaJarvis Twitter.com/RebeccaJarvis Facebook.com/RebeccaJarvis https://www.linkedin.com/in/rebecca-jarvis-217ba052/ Snapchat: RebeccaJarvis Learn more about your ad choices. Visit

Transcript

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0:00.0

We were straight out of school. We were supposed to start our jobs at the end of summer,

0:05.0

and we both ended up calling our bosses and quitting two weeks before we were supposed to start.

0:09.6

We really have no reason to be where we are today. We worked in finance. I think my skill set was Excel.

0:17.4

No background in retail, certainly no background in fashion, running an e-comberts business,

0:21.4

and we've really taught ourselves everything. But there's been many moments where we say,

0:26.7

did we really know what we're doing? The industry is often no, but we're going to figure it out.

0:32.4

From ABC, it's no limits. I'm Rebecca Jarvis, and each week we're talking to the most bold and

0:39.4

influential women laying at the top of their game, trying to demystify success and what it

0:45.2

really takes to get there and all the tradeoffs, whether you're looking for answers or you

0:50.8

just want to hear a good story. You're in the right place.

0:56.0

On today's episode, two women without backgrounds in fashion. They started out in finance,

1:01.7

went to business school. They both had jobs lined up post-graduation, but they saw

1:07.9

white space in the fashion industry, started a class project.

1:11.5

It changed everything.

1:13.2

Instead of taking those jobs, they quit to start Babel Bar.

1:17.8

Amy Jane and Danielle Yacobovsky, they are the best friends behind the jewelry brand that started out as an online direct consumer company and has since transformed into multiple brands. They're in retailers

1:29.3

like Nordstrom, Bloomingdale's, and Anthropology. And here's the story of Bobble Bar.

1:34.7

Amy Jane and Danielle Yakubovsky, welcome to No Limits. Thank you. Thanks for having us.

1:40.2

I'm so glad to have you with us today, co-founders of Babel Bar.

1:48.5

So I thought it could be fun because the company you founded in, what is it, 2011.

1:49.0

Yeah.

1:55.7

I thought it could be fun to hear the elevator pitch that you gave back in 2011 versus the 30 seconds.

...

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