Fascinated with her entrepreneurship stance, NastyGal CEO, Sophia Amoruso, won hearts of millions aspired women entrepreneurs. Her memoir, #Girlboss, set the tone for many women entrepreneurs that love the idea of reaching their goals of having their own storefront and where to start. Her phenomenal memoir trended to be the next biggest used hashtag (#Girlboss) used on social media platforms such as Instagram and Twitter. Pinterest began to flood links and photos of NastyGal apparel and accessories.
Overnight, Amoruso's NastyGal was placed in front of every entrepreneur's eyes and changed the outlook of the fashion game.
Within this season, entrepreneurs are coming into an over standing that success is hard to achieve, but even harder to maintain. The fashion e-commerce savvy entrepreneur began her climb in 2006, selling luxury labels such as Chanel on eBay store. By 2015, NastyGal generated $300 million in sales. During her climb, she took at multi-million dollar investment that flourished in storefronts, line development and distribution center located in Kentucky.
It has been reported there has been many reasons for the decline in NastyGal. There has been multiple lawsuits regarding mismanagement and legal stumbles ranging from copyright infringement and discrimination in the work place.
In November, NastyGal filed for Chapter 11 bankruptcy precedent to protecting the company as it restructures.
In entrepreneurship words, NastyGal wasn't able to grow at the rate the venture capitalist desired. In attempting to do so, we can only assume to objectives and tasks were heavy on the NastyGal's CEO's to-do list. "I think it's the responsible thing to do," Amoruso stated at a recent event in Australia.
With fame, success and fortune, we believe we can accomplish our dreams. Has anyone taken a look at the milestones to get there? To open your own eBay store and doing as a one-person team translates you are living out your dream! To feel accomplished once you have too many dollars to spend makes it very easy for alternative focuses to steer you from your OWN goals. Not assuming equality wasn't an issue, but when you are wanting to make your OWN money but need OTHER's to get there, you find that it wasn't worth speeding up for the benefit of others.
We wish Sophia Amoruso much success in moving forth with her endeavors.