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'I like to be scrappy': Argent founder Sali Christeson on easing into fundraising

The Glossy Podcast · with Sali Christeson · February 5, 2020 · 38 min

Summary

Sali Christeson, founder of Argent, shares her journey from corporate frustration to successful DTC workwear brand. She discusses the significant impact of professional attire on career earnings, the benefits of bootstrapping a business, and her strategies for fundraising, including securing over $4 million in Seed funding. This episode offers valuable lessons on identifying market gaps, building a brand with a strong mission, and navigating the evolving e-commerce landscape.

Key takeaways

Themes

dtc strategyfinance & fundraisingfounder & leadershipbrand & content

Topics covered

dtc brand buildingseed fundingbootstrapping a startupwomen's workwear marketimpact of amazon on consumer expectationsbrand endorsements

Episode description

Sali Christeson has worked in industries from banking to big tech, but one thing has remained consistent about her day-to-day work life: "I've always been frustrated with shopping for workwear," she said on the Glossy Podcast. Christeson found the same pain point among her friends, which was further confirmed by a study she stumbled on in 2015. The study's authors measured "the impact of what someone wears on their bottom line over [their] lifetime," Christeson said, meaning that your look impacts your salary and job level. "It ends up being a 20% to 40% difference on your personal income. That was the catalyst for me. I read that, and I was like, 'OK, see ya, corporate world!'" Argent, the women's workwear company she went on to found, has offices in San Francisco and New York, and sells direct-to-consumer items ranging from blazers and pants to dresses. Since launch, the company has raised more than $4 million in Seed funding (with a Series A coming toward the end of the year, Christeson said), and has been worn by the likes of Hillary Clinton, Kamala Harris, Arianna Huffington, Gloria Steinem, Awkwafina and Amy Poehler. Christeson talked about the benefits of boot-strapping her business, the shifting consumer expectations brought about by Amazon and the joy of pockets.

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Frequently asked about this episode

What does this episode say about dtc strategy?
Identify clear pain points in the market; Argent was founded on the lack of suitable women's workwear and a study highlighting its economic impact.
What does this episode say about finance & fundraising?
Prioritize bootstrapping initially to maintain control and build a strong foundation before seeking substantial external investment.
What does this episode say about founder & leadership?
Understand and adapt to evolving consumer expectations, significantly influenced by e-commerce giants like Amazon, to refine your DTC strategy.
What does this episode say about brand & content?
Secure prominent endorsements; Argent leveraged high-profile wearers like Hillary Clinton and Kamala Harris to build brand credibility and reach.

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