Sara Blakely's $5,000 Spanx startup reached a $1.2bn valuation after 21 years
0
·1 viewsSara Blakely launched Spanx in 2000 using $5,000 of her own savings while working as a door-to-door fax machine salesperson. She had no formal business training and took no outside investment in the early years. Over the following two decades she grew the company into a global womenswear brand. In 2021, Blackstone bought a majority stake at a valuation of $1.2 billion, and Oprah Winfrey and Reese Witherspoon came on board as investors.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Discussion (0)
Log in to join the discussion and vote.
Log in