Adam Goldenberg has built a great career and a great legacy as one of LA’s top young CEOs by not being afraid to trust the numbers. Goldenberg uses information and metrics as well as just about any CEO in business today. He is fearless when it comes to decision making. This, combined with his excellent hiring practices, is why he has been so successful over the years. It is also why his current venture, JustFab, is having so much success.
JustFab is a VIP membership fashion and clothing company on latimes.com. People buy memberships to the service and then can shop online for different products and clothing to suit their needs. It helps them get these items at a lower cost than if they bought the items themselves on a retail basis. The company has seen a lot of success since its inception. In fact, JustFab received just over $50 million in funding in 2014. JustFab has solidified Goldenberg’s legacy as one of the top young CEOs in Los Angeles. This is a reputation that he has earned through his successes over the year.
The superstar CEO first burst onto the scene in LA in the late 1990s with his company Gamer’s Alliance. Gamer’s Alliance was a gaming network. The company was bought in 1999 by Intermix media. This was Goldenberg’s first success. Goldenberg’s next notably successful venture was Intelligent Beauty. This company was a brand incubator that Goldenberg headed up in 2006. He ran that company until he started JustFab in 2010.
Goldenberg is not afraid to ignore his own instincts and use quality feedback in order to make his decision. He is well-known to take customer reviews and customer complaints to heart and use them to help shape the path of his company. Adam Goldenberg has been known to change the price on items on JustFab if they are selling well and customers have complained that the price is too high.
Goldenberg also isn’t afraid to abandon an idea that isn’t working before it is too late. Many CEOs make the mistake being married to an idea just because it was their idea and they think it will work eventually. Goldenberg isn’t scared to move on quickly and not waste any more time or resources on something that isn’t effective in any way. This open-minded commitment to using information as it is given in order to help the company is something that a lot of CEOs fail to do.
Learn more about Adam Goldenberg: http://video.cnbc.com/gallery/?video=3000543492