stuart landesberg net worth

The performance of stocks bought by Stuart Landesberg within 3 months outperforms times out of transactions in total compared to the return of S&P 500 within the same period. : When we started the business, none of us had ever built a consumer internet company before. Our board is excited and embraces that approach. The Proxy app is like having a set of keys on your smartphone: Your profiles signal gives you access to any building where youre registered, eliminating the need for traditional ID cards and keys. Matt Oppenheimer, who had worked for Barclays in Kenya, and his cofounders launched the business in 2011 to help people in developed nations like the U.S. and Australia send money cheaply to relatives in developing countries like Mexico and the Philippines. Stuart Landesberg: Sure. In any organization that reaches scale, theres leadership all over the place. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. WebStuart Landesberg is Pres/CEO/Co-Founder at Grove Collaborative Holdings. Same with Chris. , : Yeah. Looking at the numbers for December, I was like, Oh my gosh, we are going to go out of business.. over $20.09K on March 20, 2023. But Bullpens mantra is to do unusual deals, and they did this one. A company who endeavors to become a B Corp undergoes an extremely rigorous examination process. $14.67K on November 16, 2022. He also says that the word collaborative is used when a problem is bigger than any one person can solve. So those relationships are complex but again, I think it comes down to transparency and trust and authenticity. Based on ownership reports from SEC filings, as the reporting owner, Stuart Landesberg owns 2 companies in total, including What I meant with the reporting is where trust is not present. Maybe like there was a time where you said, I think were into something., Stuart Landesberg: Yeah. I wish that I could have that time back and put it back into the customer. : Yeah. I think of it as we all are working together, and we have various roles to play. The difference between getting reliable alerts within seconds and getting them in minutes is the difference of seamlessly dealing with an issue, says Rau. How did the idea of Grove come together? Cars with internal, Read More 20 Things You Didnt Know about AmpleContinue. But what was the experience before that happened? Steven Landesberg was born on November 23, 1936, in the Bronx, New York, to milliner Ann Landesberg and grocery store owner Abraham Landesberg. Its ready-made and custom kits allow researchers in academia and the private sector to rapidly develop gene-edited products, including new medical treatments. The work that previously had to go through security experts now goes directly to developers, says Dabirsiaghi, now the companys chief scientist. US Navys $255 Billion Budget Request Prioritizes Submarines and Hypersonic Capabilities Over Amphibs We worked with [29:03] originally there who are both phenomenal partners; still close partners of ours today. And also, they have real governance responsibilities of the company. For the first four years of the companys existence, it was possible to spend much time with customers. The above-and-beyond effort that he did inspired our COO who talked about it to all hands, and it was like really awesome, and thats real leadership from someone whos been with the company for just a couple of months and who works on the floor in our St. Peters Fulfillment Center. But I dont think I understood at the time that there were really important milestones, and the story of what happens in-between those is much less important. Stuart Landesberg is CEOs and operators who really understood their consumer and the depth of consumer insight and research that was possible to internalize and turn into really great decision-making was quite impressive and could be really difference-making in an industry. The categories that we operate in are natural home and personal care things like dish soap, laundry detergent, bath tissue, oral care, shampoo, and stuff like that. Grove is one of the 10% of companies allowed to use the B Labs logo. Mathilde Collin, an alumna of Forbes 30 Under 30 list, got the idea for Front while at her first job after graduate school. I suppose those two things had to adjust for a little while to understand how to actually put them together. 10 percent owner Sculptor Special Funding, Lp These groups include the Humane Society of the United States, the Humane Society of Canada, The American Anti-Vivisection Society, the Animal Alliance of Canada, Beauty Without Cruelty, USA, the Doris Day Animal League, the National Anti-Vivisection Society, and the New England Anti-Vivisection Society. The business opportunities are created by the business, not by the financing. : Exactly. Then we raised our Series B from Mayfield in the first quarter of the following year. If you are a shipper, once the truck leaves your facility you have no idea what is happening, Elenjickal says. WebFounder of Grove Collaborative, Inc., Stuart Landesberg currently is Chief Executive Officer & Director at Grove Collaborative Holdings, Inc. and Chief Executive Officer for CEO Max Rhodes, a 32-year-old former Square employee, came up with the idea after he started working with a New Zealand-based umbrella brand and spent thousands of dollars to sit at a tradeshow booth to convince U.S. store owners to stock the high-end umbrellas. I am always excited to dispel the notion that capital creates success because its definitely a really helpful tool on the way, but it is not a driver in and of itself. So I knew Jordan just a little bit in high school, and then he moved out to San Francisco, and we reconnected when he got out here. Every company has bad months and bad quarters and our partners, and I think most really great partners are able to focus on the long-term instead of prosecuting short-term growths because as a company, especially a small fast-growing company, the resources are so limited. David Glazer who bought, In the last year, insiders at Grove Collaborative Holdings, Inc have sold an estimated value of, Mailing address is C/o Grove Collaborative Inc. 1301 Sansome Street San Francisco CA 94111 CA. Grove Collaborative Holdings, Inc's most recent insider trade came on March 21, 2023 by Its predictive supply-chain management software is now used by more than 260 of the worlds top shippers and upwards of 500,000 loads per day including Best Buy, Kraft Heinz, Nestl and Smithfield Foods. That transition has the opportunity to materially change, not just the channel but the products people buy and the footprint of the channel on the planet in a way that is materially possible. Perhaps they will also appreciate it. Theres no subscription fee for the consumer experience. So without further ado, Stuart Landesberg, welcome to the show today. Stuart Landesberg: Thank you for the kind introduction. The virtuous cycles that happen when A-players hire A-players, Who the real leaders are in your business, How to show up for work every day if you dont want to lose your success, The embarrassing moment when Stuart realized he wasted too much time on their splash page, and what you should do instead, : Alrighty. Lattice founders Jack Altman, 30, and Eric Koslow, 28, learned first-hand the impact of work culture while working at startup Teespring, which sells custom t-shirts. We never gave up on listening to the consumer, make a little more progress, listen to the consumer, continue to evolve the experience. Its crazy to think that, in retrospect, I spent four years on this without seeing it breakout. And to know that we have the support to stay keep all of our long-term issues intact even if theres one for if media costs are too high or one of our margins are different or whatever it is, that were able to continue to focus on the long-term even if the short-term fluctuations happen. I was talking to a friend of mine who sold his business recently for a substantial sum, and I was like, Oh, man. Grove, which has been a B Corp since its founding, serves hundreds of thousands of households in the U.S. Virgin Group Acquisition Corp II (VGII.U)'s detailed insider trading history can be found in Insider Trading Tracker table. The estimated net worth of Stuart Landesberg is at least $2 Million dollars as of 2023-05-01. Grove Collaborative was named the 37th fastest growing company in the U.S. in the 2018 Inc. 500. : So shifting gears here, Stuart, how big is growth today so that people that are listening get an idea of how large the operation is? From what youre saying, Stuart, it seems that once you were able to really secure the Series A its like you got the money to really kick things into high gear and things became a little bit easier. I feel like we are still in the super-early stages. Founder of Grove Collaborative Holdings, Inc. and Grove Collaborative, Inc., Stuart Landesberg presently holds the position of President, Chief Executive Officer & Director at Grove Collaborative Holdings, Inc. and Chief Executive Officer of Grove Collaborative, Inc. (a subsidiary of Grove Collaborative Holdings, Inc.). I think good governance is important, and I think its important that the board hold me and the management team accountable to the goals that we set for the company. It offers Cleaning accessories, Home and Pantry, Personal care products, Pets supplements and Other products. WebSelect this result to view Stuart Landesberg's phone number, address, and more. I remember coming back from this trip where I had just gotten engaged, and I was so happy. I think our personalities also meshed quite well, and there was a good shared vocabulary, and also a real mutual respect for the others areas of expertise. In 2010, software security analyst Jeff Williams, 52, started dedicating resources at his consultancy, Aspect, to developing a program that would automate software security analysis. of 0 shares. So I called him up and said, Hey, Joe. there will be demand growth for labor, he says. Some of my best mentors and my favorite conversations have been ones about bringing more of the companys vision into the room, not just our financials. We have estimated Sylven Landesberg's net worth , money, salary, income, and assets. During the past 18 months, 962,221 shares of Grove Collaborative Holdings Inc (GROV) were sold and 634,609 shares were bought by its insiders, resulting in a net : Thats great, and I think that having such phenomenal investors has also allowed, perhaps to have a phenomenal structure at a board level. So thats the yardstick against which I measure company success. For our Series A, I think we went out and talked to 156 firms. He had been leading Lehmans for 30 years and famously never sold a share of stock. Grove does factory audits before the collaborative does business with them. The first was that consumer presence wasnt and still isnt super-well represented on shelf. Stuart Landesberg is the co-founder and CEO of Grove Collaborative (@grovecollaborative), a certified B-Corp and the leading e-commerce platform for natural home and personal care products in the U.S.. Chief Financial Officer Sergio Cervantes The above-and-beyond effort that he did inspired our COO who talked about it to all hands, and it was like really awesome, and thats real leadership from someone whos been with the company for just a couple of months and who works on the floor in our St. Peters Fulfillment Center. 2023 PitchBook. So how was TPG Growth for you? How do you see it? Stuart Landesberg currently owns a total of 1 They sit on a lot of boards. He also believes that alignment of incentive has the power to change behavior very clearly. : I see that the last round that you guys did was the Series E on December of 2018. : I dont believe everything I read. The women- centric Sustain Natural brand is carried at Target. : Got it. While working on cybersecurity in the military, they came up with the idea for Cybereason, a cloud-based cybersecurity platform specializing in continuous monitoring and response to advanced cybersecurity threats. Yeah. Continue with Recommended Cookies, Your email address will not be published. That will give you a rough sense for how big we are. As of September 6, 2019, Sophia Kunthara reported for Crunchbase News that Grove Collaborative had reached a valuation of $1 billion. It was close a lot of times. During the past 18 months, 0 shares of Virgin Group Acquisition Corp II (VGII.U) were sold and 0 shares were bought by its insiders, resulting in a net Private equity is an interesting industry, and my experience at TPG was fantastic because of all the really smart people that I got to rub shoulders with. Im thrilled to be here. Nor was seeing I remember the managing director who sat right in front of me. 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That stuff is really exciting, and so I, as you can probably tell, think extraordinarily high of our management team, so I try to incorporate our management team into board meetings as much as possible. The thing that I needed to do was focus on getting product/market fit as fast as possible, not creating the trappings of an organization that was well-run or whatever. (Individuals are still free.) But as long as there are really strong transparency and really strong trust, that creates the dynamics for a strong, long-term working relationship so that we can both do things to make sure that our partners are successful. 3 transactions in Grove Collaborative Holdings Inc (GROV) over the past 5 years, including 2 buys and 1 sells. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language. In 2014, he and former Aspect analyst Arshan Dabirsiaghi, 36, founded Los Altos, California-based Contrast Security to monitor the code within running apps and directly notify developers of potential vulnerabilities. Any idea that can be Reddit tested is a good place to start.. 20. 34 CEO, Grove Collaborative What the company does San Francisco company specializing in natural and sustainable He is from . Grove was required to think carefully about everything including best practices, ratio of highest paid employees to lowest, and company equity. Stuart Landesberg: Yeah. I was at my buddys house. Landesberg believes that our society needs to pay close attention to the legitimacy of our supply chains. Drayage is a lot more complicated because it involves terminals and ports, says Yan, 38. He was pretty set. And in your guys case, youve raised a bit of money. : The biggest two takeaways were not to take anything for granted. : Yeah. It can be a really rich and rewarding and super enjoyable experience. Grove helps these families have easier access to these conscientious products. On the personal side of it, Ive always cared deeply about sustainability. The most-recent trade in Grove Collaborative Holdings Inc is the Insiders are limited to only officers and/or directors of the company. I think it is people who do their jobs in a way that sets those around them up for success, and that is really true to the mission of the organization and true to the passion that we feel for our customers. Also, remember, if you need any help whether it is with your fundraising efforts or with selling your business, you can reach me at, Robert Sadow And Jonathan Sadow On Raising $100 Million To Reinvent How You Commute To Work, He Sold His Last Company For $130 Million And Now Raised Millions To Help Others Build Wealth, Satyen Kothari On Selling His Last Company For $130 Million And Now Raising Millions To Help Others Build Wealth, He Built An $8 Billion Venture Capital Firm To Invest In Startups That Are Fixing Our Broken World, Drew Oetting On Building An $8 Billion Venture Capital Firm To Invest In Startups That Are Fixing Our Broken World, This Entrepreneur Raised $124 Million To Power The Next Generation Of The Web. We offer a really curated selection of 1,000 SKUs, some of which are from national brands like Seventh Generation, Mrs. Meyers Method, some of which are from brands that we owned and developed in-house. Financial institutions use the technology to screen customers and comply with regulations designed to prevent money laundering, while government agencies such as the Internal Revenue Service and the Federal Bureau of Investigation can identify illicit transactions and investigate alleged criminals. At least thats been my really fortunate history. I am far from the primary source of leadership at this time. : One of the things that Ive seen here, Stuart, and let me know if you agree or not is that there are two types of boards. I think this goes back to one of the early things I learned from computers is that if the truth exists, its always better to name it even if its not right. a net GuruFocus.com is not operated by a broker or a dealer. Over the past 18 months, Fundamental company data provided by Morningstar, updated daily. The thing that I needed to do was focus on getting product/market fit as fast as possible, not creating the trappings of an organization that was well-run or whatever. What makes a great partner, at least in my mind, I suppose there are three accesses that I think about. David Gandler, 44, a longtime network sales exec, launched FuboTV in 2015 to tap into pent-up demand in the United States for overseas soccer leagues. I have the pleasure of knowing him personally, so a really great guy and probably one of the best investors out there today. 17. After we made our repositioning, a bunch of our strategies just started working better because the business was better positioned. WebStuart Landesberg is the co-founder and CEO of Grove Collaborative, a company that aims to provide environmentally friendly household products. See Stuart Landesberg's compensation, career history, education, & memberships. Stuart Landesberg: I dont know if anybody is listening from a tactical perspective. It was so close, and this group Serious Change out of New York; they didnt blink. Mr. Clark co-founded Grove in 2012 and has served as its Chief Technology Officer since 2013. I dont see it as either I work for the board or the board works for me. But the byproduct of that is, as an employee you end up meeting a ton of brilliant executives and. Grove acquired Sustain Natural, featuring sexual wellness products putting women first. Still, Im proud of it, I suppose. Ive experienced investors who have a little bit of an entitlement, and they think the company does the work, and the investor sees some of the returns. If theres a person who wants to get to know our company better, there isnt a board member of a major investor that I cant get on the phone, see them today to talk to that person. No kidding. Design is like this viral infectant because once your competitor is well-designed, you have to be well-designed, otherwise youll be disrupted, says Field. Seventy-five or so took muse with us. Each order of Seedling tree-free products helps Groves initiative to replant deforested areas across the United States. Stuart Landesberg's largest sale order was 11,700 units , worth over Mars and Ratner now hope to expand their technology (which includes the app, management platform and signal-reading hardware) to identity verification for ride-sharing and event check-in. Grove Collaborative is just a few years old but generated $104 million in revenue in 2018. GuruFocus also compares Stuart Landesberg's trading performance to market benchmark return within the same time period. A lot of really terrific and brilliant people there. Obviously, once you put it out there, and you start seeing the reaction, then youre able to breathe. Other key executives at Virgin Group Acquisition Corp II include Alejandro: Right. He views homes as central to peoples lives, and as such, are the one place where families can effect change in a meaningful way. Save my name, email, and website in this browser for the next time I comment. The company name was changed in 2016 with a focus on being trustworthy for its engaged customers. Its stu_land or my email is [emailprotected]. Over 100,000 Grove trees were planted in the U.S. in 2019. The categories that we operate in are natural home and personal care things like dish soap, laundry detergent, bath tissue, oral care, shampoo, and stuff like that. The process gave him much data about what customers wanted. Mr. Landesberg started his career in the investment banking division of Lehman Brothers. I mean, I see at least a publicly-reported 165 million. : So, even though it wasnt taking off the way that we had all hoped, we were making progress. : I sure was. Prior to co-founding Grove, he worked for TPG Capital, where he was involved in consumer and internet investments. Grove Collaborative just raised $150 million, which it will invest in expanding into clean beauty, among other sustainability efforts, according to CEO Stuart Landesberg. (The full story is here.). No kidding. Its no problem to skip a month. What is Stuart Landesberg's Net Worth? : Was there a time for you when you were actually heading into the office knowing that there was going to be a tomorrow, and that you guys were going to survive? So thats number two. Right? Description. It hit a nerve: Dave was Apples app of the day in April 2017, and has been downloaded nearly 10 million times in two years. It was a lesson that I never forgot. Alejandro: I dont believe everything I read. Regardless of where people exist in their beliefs, he believes that the goal for the world must be more than just making money. I know they funded me $40,000 in the bank. In 2019, the company founded by three Stanford graduates and the former cofounder of Meraki (a cloud startup since acquired by Cisco) signed on the city of Memphis a nearly 1,000-camera contract Juul Labs and Newtown Public School District, the district of the 2012 Sandy Hook Elementary School shooting tragedy. The bamboo and cane sequester about 5 times the amount of carbon that trees do. If theres a person who wants to get to know our company better, there isnt a board member of a major investor that I cant get on the phone, see them today to talk to that person. Grove Collaborative is a Certified B Corporation. But I have a saying that Ive said many, many times through the last six-and-a-half years on this journey, which is, The only way out is through. Even though for those first four years four years is a long time, especially when Chris, Jordan, and I, and a lot of people on the team had given up good-paying, stable jobs to come do this. My parents were probably some of the largest early customers of the brand called Seventh Generation, which back when I was a kid, I thought was the biggest company in the whole world. Right? I think that the leaders at Grove who are most successful and the leaders in our context are not just the senior people at the company, but they range from we had an associate at one of our fulfillment centers. So the first thing I would say is having a board culture that is consistent with your company culture and your operating culture is going to make a ton more fun and authentic. 6. Your email address will not be published. Why did you decide to leave TPG and go into Toro Investment Partners? Landesberg believes that Grove has been able to compete against Amazon because, in practice, more than 50% of the product Grove sells today is not available on Amazon. : Why did you take the CEO role out of the three of you? WebIt is now valued at over one billion dollars and is leading the category in sustainable venture by being first to pledge a 100% plastic free service and platform by 2025. Required fields are marked *. So thats the yardstick against which I measure company success. I think that normally, people give themselves three years, so the fact that you were at it for four years is remarkable. And theres no subscription fee. So he has been on both sides of the table. So the number one consumer preference wasnt matched by assortment. Running in an undercapitalized startup where you only sort of have product/market fit, in my experience, was extraordinarily stressful. On the other hand, we also wouldnt be as successful if our board members werent happy to hop on the phone at a moments notice about any issue. Our investors, to a person, are available to us to hop on the phone, help me close candidates. Because the brand is focused on female buyers, it has helped women feel more comfortable when purchasing these items. Chris and Jordan both are I cannot say enough good things about them as individuals, as partners, and I cannot stress how important or how valuable it is to have great people as partners on this entrepreneur journey. and It can be a really rich and rewarding and super enjoyable experience. A couple that I remember in particular, we raised our seed round in January of 2016, I think. Our board is excited and embraces that approach. A couple that I remember in particular, we raised our seed round in January of 2016, I think. . 2. Stuart Landesberg: Sure. Alejandro: Thats a fair amount of employees, so Im sure that for you, it has been an unbelievable journey as well as learning as a leader. If anyone listening ever has an opportunity to work with Josh Mehlman or anyone from the Serious Change family I cant speak highly enough about the folks at Serious Change, Nestle Ventures, and MHS Group, and Pennington Capital Ventures Group, the four largest participants in our seed round. Number three is a willingness to think like an RM. Its stu_land or my email is, : Amazing. : I think about this frequently because I know so much now that I wish I had known in the very beginning. Grove Collaborative Holdings Inc (GROV) : Got it. , Transparency that I can be honest about, whats happening in our business, what are my goals, the company and companys long-term vision? In 2016, the company brought in an outside chief executive, Alan Naumann, formerly CEO of online fraud detection startup 41st Parameter, to expand the business. Before teaming up to found Chainalysis, CEO Michael Gronager, 49, cofounded cryptocurrency exchange Kraken, while CTO Jan Moller, 47, built the Mycelium cryptocurrency wallet. Every day became closer and closer to the ultimate reality. Ask Grove Collaborative CEO Stuart Landesberg, 34, who his typical customer is, and hell give you a specific answer: A 29-year-old mother of two working as a substitute teacher in Lawrence, Kansas. Even in the age of Amazon, Grove has carved out a $104 million niche in e-commerce by selling natural products, from laundry detergent to sponges, in easy-to-order shipments. He explained that the move from heavy weight cleaning products typically found in grocery stores to the use of highly concentrated products sold and delivered to homes by Grove is making a difference in the way Grove families buy products. Ill always be embarrassed about that as I recall. : Yeah, and by the way, I agree with you on that, and I love Alfred too. And it wasnt like there was a breakout moment. I think this goes back to one of the early things I learned from computers is that if the truth exists, its always better to name it even if its not right. That was our only viable Series A option. : The first four years, candidly, were kind of a scary experience. So we started guiding to the flywheel, and it felt really good. Is that it? . 9. He was previously an investor at TPG Growth, where he was involved in over $400 million in consumer and technology investments. I want them to hold me and the company accountable. So then what ended up being the business model of Grove, and walk us through how you guys ended up monetizing. The business is forming well. Grove Collaborative is part of the Grocery Retail industry, and located in California, United States. Its a straightforward idea, but Australian-expat founders Denis Mars, 42, and Simon Ratner, 39, are confident that theyve just scratched the surface of its potential. of Wilk, an avid Redditor, saw that overdraft fees are a common complaint among users. We definitely lost a few pounds when we were first starting up. Now based in San Francisco, Kong has successfully penetrated the enterprise market with 130 customers that include SoulCycle, Yahoo Japan and WeWork. Before founding Pittsburgh-based Duolingo, he sold two inventions to Google, including reCAPTCHA, the software that spits out the squiggly lines you type to alert a website that you are not a bot. I had a lot of conviction that the category could move from offline to online and also from conventional to natural, and at the intersection of those two trends, it was possible to go into business that was both very big and that had a positive impact on the world. We almost ran out of money two dozen times, and when we closed our Series A it was four years to raise our Series A. Well, Stuart, thank you so much for being on the DealMakers show today. I still try to go to work every day with the same feeling of Its my job to continue listening to our consumer, continue to set our teams up for success, and continue to just make a little bit of progress every day.

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