Adam Goldenberg is one of the most important young CEOs in the Los Angeles area. Some may be surprised to hear him referred to as young. But, he is still in his 30’s. The reason some may view him as older than that is the fact that he had success with his first business so early. He has been in the game since he was 16 and has had 3 companies that experienced a lot of success under his astute leadership.
His Greatest Asset is Employees
Adam Goldenberg attributes his success to a couple different things. The most important thing is his hiring practices. Goldenberg has always had a knack for hiring a quality staff of employees regardless of what kind of company he was running at the time. This is because he focuses less on experience and more on the passion that the person puts into their day to day work. Goldenberg thinks that these are great employees because those are things that you cannot teach.
The young CEO is also a fan of metrics. Some business leaders shy away from stats regarding their ideas or products because they let their ego get in the way of good decision making on Bloomberg. This is a huge mistake and Goldenberg recognizes that. He takes any statistic or number that he gets very seriously. He is not afraid to discontinue a marketing plan or take a product off of his website just because he liked the idea a lot in the first place.
Adam Goldenberg got a lot of quality experience at a very young age. This is because his first company, a gaming network called Gamer’s Alliance, was a huge success. He sold the company in 1999 to Intermix Media. He ran Intermix after they purchased his original company.
Adam Goldenberg ran Intermix until 2004 when he headed up the internet brand incubator Intelligent Beauty. This company raised over $500 million in just its first year in existence. He ran the company until starting JustFab, his latest business venture, in 2012.
JustFab is the parent company of Fabletics. It is a subscription fashion and clothing business. Goldenberg recognized this business model as something that had seen success in other industries. He thought that he could transfer this success to clothing and he did that partnered with Fabletics celebrity owner, Kate Hudson. The company at http://www.crosscut.vc/adam-goldenberg started as an e-commerce site but is looking to open over 100 storefronts in the next 3 to 5 years. This looks to be just another great leadership job by Goldenberg.