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I fail to see how this is newsworthy to HN as Honest Co. isn't a tech driven company. Looks like being dishonest cost them a good chunk of their valuation. Sin
by flocial 8y ago
I fail to see how this is newsworthy to HN as Honest Co. isn't a tech driven company. Looks like being dishonest cost them a good chunk of their valuation.
Since WSJ is behind a paywall but likely regurgitating the same basic info, here's a link with the gist of the investment:
https://www.reuters.com/article/us-honest-co-equity/jessica-albas-honest-co-gets-200-million-investment-from-l-catterton-idUSKCN1J22BP https://www.reuters.com/article/us-honest-co-equity/jessica-...
- craftyguy 8y ago> isn't a tech driven company Not all of the things posted on HN are about 'tech driven' companies, even though the majority are.
- flocial 8y agoI realize that but there are no other intellectually interesting features that usually define HN submissions. The only notable thing is the company is founded and run by Jessica Alba. Correct me if I'm wrong.
- was_boring 8y agoI think the connection here is Honest Co. is a heavily marketed as a way to be an ethical consumer -- akin to whole foods, soylent or hampton co. In addition, Honest Co.'s best selling products are baby related and the mean silicon valley founder is approximately 30 (https://hbr.org/2014/04/how-old-are-silicon-valleys-top-founders-heres-the-data https://hbr.org/2014/04/how-old-are-silicon-valleys-top-foun...) which is also about the same average age for having your first child in California (https://www.cdc.gov/nchs/data/databriefs/db232.htm https://www.cdc.gov/nchs/data/databriefs/db232.htm) So based upon that, the user overlap between HN and Honest Co. maybe larger then you think.
- perfmode 8y agointellectually interesting to _you_. If it is on the front page, someone finds it interesting.
- wj 8y agoThere are many consumer product focused companies that have had articles about them posted here. Whether or not Honest is "tech driven" I don't think it can be argued that they have not been operating as a startup.