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How I Built This with Guy Raz

Carol's Daughter: Lisa Price (2018)

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.831.1K Ratings

🗓️ 6 August 2018

⏱️ 43 minutes

🧾️ Download transcript

Summary

Lisa Price worked in television but had a passion for beauty products. At her mother's suggestion, she began selling her homemade moisturizer at a church flea market. Twenty years later, Carol's Daughter is one of the leading beauty brands catering to African-American women. PLUS in our postscript "How You Built That," we check back in with Aiden Emilio who, along with her husband Jesse, created RexSpecs — UV-protecting goggles for dogs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Prime members, you can listen to how I built this early and ad-free on Amazon Music.

0:07.0

Download the app today.

0:09.0

New years is here, and with it brings the possibility of change.

0:13.0

As one behavioral scientist put it, first starts are really powerful.

0:17.0

So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small.

0:24.0

Listen to the LifeKit podcast from NPR.

0:28.0

Hey everyone, you know, one of the things that I love about Lisa Price's story is that she was almost blindsided by her own idea.

0:36.0

I mean, when she first started making skincare products, she was putting them into baby food jars and just selling them to friends at church.

0:44.0

She did not think about turning it into a huge business, but the story of how it happened, the story of how she ended up creating one of the biggest skincare products for women of color is pretty amazing.

0:57.0

Oh, and by the way, Lisa is also going to be a speaker at the how I built this summit in October in San Francisco, which is being supported by American Express.

1:07.0

Anyway, this episode originally aired last June. It's a great one, and I hope you enjoy it.

1:16.0

You know, you're bursting at the seams, and you can't accommodate people, and your neighbors are starting to look at you like, what's going on in there?

1:25.0

I mean, we were actually watched at one point for suspicious activity.

1:31.0

Because there, you know, people are just ringing the bell and going inside, and they come out with bags like, what's going on in there?

1:39.0

From NPR, it's how I built this, a show about innovators, entrepreneurs, idealists, and the stories behind the movements they built.

1:54.0

I'm Guy Ross, and on the show today, how Lisa Price whipped up some homemade body butter in her apartment, sold it at a flea market, and then turned it into one of the biggest beauty brands, the women of color.

2:09.0

If you log on to Carol's daughter.com, you'll see this beautifully polished website with dozens of hair products, body creams, and butters, oils, and treatments all for sale.

2:24.0

And you'll see this incredibly diverse range of women as well, all types of skin tones and hues, curly hair, and straight hair.

2:33.0

And if you scroll all the way down, you'll see in small type, a division of L'Oreal, and L'Oreal, if you don't already know, happens to be the world's largest cosmetics company.

2:46.0

L'Oreal bought Carol's daughter in 2014 for an undisclosed amount of money, but you can safely bet that it was for a lot of money.

2:55.0

Now, that's not so unusual, a big multinational buying another company, right? But what is unusual is that Carol's daughter literally started in Lisa Price's kitchen, a one-bedroom apartment in Brooklyn.

3:09.0

And if you haven't already guessed, it started out as a passion project, because Lisa already had a career, in fact a pretty cool one.

...

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