Nasty Gal Founder: I Built a $100M Business with ZERO Experience

Episode #476 Nasty Gal went from an eBay side hustle to a business doing $100M in sales in under a decade. Behind it was the most famous “Girlboss” in America, Sophia Amoruso. She had no business experience, management training, leadership coaching, background in logistics, business financials, or running an online shop. Somehow, she built a business to heights few entrepreneurs ever reach, owning an extremely profitable clothing empire and finding herself on the cover of "Forbes." But then, Nasty Gal went bankrupt. What happened? Sophia joins us on the show today to explain it all. She’ll share her full financial story, which included watching her parents go bankrupt, eventually selling her business, and seeing it suffer the same fate. From entrepreneurial mistakes to risks Sophia took that led her to massive financial success, Sophia has seen both success and failure, and she has priceless insight to offer any aspiring entrepreneur or investor. If you want to build a business, invest in one, or start a profitable side hustle, Sophia can help. She’ll also uncover what led to Nasty Gal’s downfall, the pressure “Girlboss” put on her, and why growing too fast can kill your financial future. Show Notes at: https://link.chtbl.com/Money ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... ~~~~ Join the BiggerPockets Money Facebook Group:   / bpmoney   ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Got a Money Tip to Share? Send Us an Email: [email protected] ~~~~ Here’s What It Takes to Succeed as an Entrepreneur: https://www.biggerpockets.com/blog/ta... ~~~~ Building a Massively Profitable Business Around Your Passions: https://www.biggerpockets.com/blog/bi... ~~~~ Connect with Sophia: #GIRLBOSS Book: https://www.amazon.com/GIRLBOSS-Sophi... Business Class: https://www.businessclass.co/ Instagram: @sophiaamoruso or   / sophiaamoruso   LinkedIn:   / sophiaamoruso   Trust Fund: https://www.trustfund.vc/ Twitter/X: @sophiaamoruso or   / sophiaamoruso   ~~~~ Connect with Kailyn on Instagram: @kailynhopebennett or   / kailynhopebennett   ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: https://www.biggerpockets.com/guest?u... Finance Friday: https://www.biggerpockets.com/finance... ~~~~ Connect with Kailyn and Mindy on BiggerPockets: Kailyn: https://www.biggerpockets.com/users/k... Mindy: https://www.biggerpockets.com/users/m... 00:00 Intro 01:39 Bankrupt Parents and Financial Beginnings 07:36 From Nothing to $20M+ with Nasty Gal 12:49 Leaving eBay to Sell Solo 15:04 Investors Come Knocking 17:57 Dangerously Fast Growth 22:22 Nasty Gal Goes Bankrupt 33:15 What Sophia Invests In 37:57 Advice for Entrepreneurs 39:26 Connect with Sophia! 40:03 Wrap-Up