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… venture capitalists wrote a $100 million check to a startup called Ipsy to build the next-generation, global beauty brand… Startups like Ipsy believe the future is super intelligent software that knows your tastes so well, it will send products you’re guaranteed to like… There’s a large prize if they succeed. Worldwide revenue for beauty care products is expected to jump to $461 billion by 2018, up 21 percent from 2013. So far, San Francisco-based Ipsy has grabbed about $150 million of that total each year from its 1.5 million subscribers. Read more: http://www.cnet.com/news/f-u-n-d-e-d-silicon-valley-bets-100-million-that-its-computers-can-help-you-look-good/
Who made it possible:
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ipsy Founders:
Jennifer (Jaconetti) Goldfarb,
President and Co Founder
Marcelo Camberos,
CEO and Co-Founder
Michelle Phan,
Co-Founder
ipsy Mailing Address:
Personalized Beauty Discovery, Inc.
11 N. Ellsworth Ave. San Mateo, CA 94401
Source: CrunchBase
Silicon Valley News 