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Michelle Phan’s MyGlam Raises $2.75 Million

Most new subscription commerce companies have a few things in common. They charge a monthly fee for “something in a box.” They sell some consumer goods, typically to women. And they use a movie star spokes-founder to drum up attention and customers. ShoeDazzle has Kim Kardashian, BeachMint has Rachel Bilson (although she’s not a founder), and Honest Company has Jessica Alba.

But we live in a post-Web 2.0 world. It only makes sense that YouTube stars and endorsement-hungry bloggers could take that same role.

That’s the idea behind MyGlam. It’s a subscription beauty products company co-founded by Michelle Phan, a makeup instructor with almost two million YouTube subscribers and 600 million video views.

Phan’s San Mateo-based company began selling monthly “glam bag” subscriptions in November last year. In February, the company hired Jennifer Goldfarb, VP of Corporate Strategy for publicly traded Bare Escentuals, as its President. This week the company secured $2.75 million in venture backing.

Or rather, its parent company “Personalized Beauty Discovery” did, according to an SEC filing.

The company reserved $275, 000 to go towards payments to Goldfarb and CEO Marcelo Camberos (formerly a VP of Biz Dev at Funny or Die), which is rare for a company this early stage. The company had raised $480, 000 in January and filed to raise $3.5 million in June, apparently lowering that to its current raise of $2.75 million.

Source: Startuphood

Bowflex PR3000 Home Gym
Sports (Bowflex)
  • Get a total body strength workout with affordable home gym; no cable changes needed between sets
  • Provides as little as 5 or as many as 210-Pounds of resistance
  • Over 50 strength exercises, includes vertical bench press and lat pull down
  • Upholstered roller cushions for leg extension and leg curl, triple function ankle cuff grips
  • 300-Pound maximum user weight, requires 100 x 78-Inch minimum workout area

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A preview of what the BowFlex Tread Climber comes in before its put together
BowFlex Tread Climber

Here's the best way to save. Buy your own gear.

2007-11-21 14:05:35 by JMcDanielDC

Weight systems are cheap and small. You can find used BowFlex on CL for $400. You can get a treadmill at Play it Again for $500. Whatever you need you can buy, cheap as a used product. People buy these all the time, use them for 30 days and then stop. They spend $2K on a system and sell it two years later for $400 after using it 10 times.
Then you can use for free and sell it when you are done. No travel time, no membership, no fees, and you have an asset, not a monthly bill.

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  • Avatar Mean What you Say and say it I need some helpful and honest advise on this purchase?
    Apr 19, 2007 by Mean What you Say and say it | Posted in Diet & Fitness

    I just want to say thank you for clicking the link and answering my question, I do appriciate it. I want to purchase a exercise machine but the reality is I'm not sure which one to buy. I kinda like the new bowflex tread …y other option was this Elliptical machine that makes no noise and its not hudge for the prize of 888.00, has anyone ever used the new bowflex treadclimber machine ? I mean, what do you advise me. Thank you for your time

    • I have an elliptical strider and like it very much. It also gives an upper body workout when you use it correctly. In my part of the world, it is cold and rainy a lot of the time, so an indoor exercise machine works great …s available any time you want to use it. Don't spend a lot of money, I got mine for just under $200. You can always trade in and upgrade, or sell. Best wishes. I think the foul mouthed commentator needs his diaper changed

  • Avatar Which would be better for losing weight ? please answer asap!?
    Feb 25, 2012 by | Posted in Diet & Fitness

    I am 13 years old, in the middle of spring im signing up for soccer with my best friend and then in about 2 weeks at most im running the mile. I am really really out of shape. I weight about 155 lbs and im short so its al … go out running, because i have extremely bad anxiety and im kind of socially awkward. I have friends but whenever i try going out to run or somewhere public i get anxiety attacks, thats why i need to improve for my mile

    • Either one will do but try joining the ymca trust me once you start going youll know why i suggested it