In the summertime of 2020, Putnam bought MIRROR for $500 million to Lululemon. The pandemic has been good for enterprise. MIRROR adverts are plastered throughout New York’s subway, airing on TV and clogging up social media channels.
However promoting an organization for half a billion {dollars} is only a small a part of her story and admittedly, not even probably the most attention-grabbing.
There are three numbers to be careful for on this story. $15,000: The quantity Brynn had in her financial savings when she give up ballet. $3 million: Her first outdoors funding. $500 million: The quantity she bought MIRROR for in 2020.
Right here’s how Brynn Putnam constructed an organization price half a billion {dollars} in simply two years.
» Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a brand new part of CNBC devoted to creating you smarter about managing your enterprise, profession, and cash.
Join with CNBC Make It. On-line
Get the newest updates: https://www.cnbc.com/make-it
Discover CNBC Make It. on Fb: https://cnb.cx/LikeCNBCMakeIt
Discover CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Discover CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
How I Offered My Begin-Up To Lululemon For $500 Million