S6 E2: From Billions to Bankruptcy: How SmileDirectClub and Dollar Shave Club Fell From Grace

Lululemon, Mirror, Dollar Shave Club, SmileDirectClub, WeWork... In this day and age, it’s insane that businesses can literally disappear overnight. Except for maybe that last one… because honestly, we all saw that one coming. This week, Nik and Moiz are giving all the dirty details straight from the bankruptcy files of Dollar Shave Club and SmileDirectClub’s legal filings. They’re diving deep to break down the dismantling of these once-promising e-commerce brands, dissecting how SmileDirectClub went from a $9 billion evaluation into nearly $900 million worth of debt and detailing how the acquisition of Dollar Shave Club from Unilever fell apart. And later, they guys touch on other topics, including Alo Yoga's rumored fundraising efforts and the challenges faced by e-commerce brands in 2023. Take a year off from running your Shopify business and get paid monthly with OpenStore Drive. OpenStore’s experts handle everything, from marketing to logistics to customer service. Head to open.store/limited for details. Shopify businesses with more than $500k in yearly net sales qualify. 00:00:00 - New York's E-commerce and Marketing Updates 00:02:15 - Smile Direct Club vs. Dollar Shave Club 00:07:55 - Smile Direct's Bankruptcy and Debt Crisis 00:23:15 - The Challenges of Spending Billions on Facebook Ads 00:23:48 - Unilever's Regrettable Acquisition of Dollar Shave Club 00:33:05 - Roan Buys Out Investors for Growth 00:34:51 – Alo Yoga Seeks $10 Billion Valuation 00:39:34 - 2024 Outlook for E-commerce Brands 00:42:09 - Google Pricing Transparency and Charitable Business Ideas Want more DTC advice? Check out the Limited Supply YouTube page for more insider tips. Check out the Nik’s DTC newsletter: https://bit.ly/3mOUJMJ And if you’re looking for an instant stream of on-demand DTC gold, check out the Limited Supply Slack Channel for Nik and Moiz’s most unfiltered, uncensored thoughts. Follow Nik: Twitter: https://www.twitter.com/mrsharma Follow Moiz: Twitter: https://www.twitter.com/moizali