Business 27 December 2017
The beauty business is a crowded market from focused retail stores to department stores to online shops to subscription boxes. One might think there wasn't room enough for even one more player in the game. But Scentbird founders Mariya Nurislamov (CEO) and Rachel ten Brink (CMO) thought otherwise.
With a background in Applied Mathematics, Computer Science and Marketing, Nurislamov was COO of Neuvey, an IT outsourcing company and co-founded Beta Week, an invite-only IT conference based in Moscow prior to founding Scentbird with Sergey Gusev (Founder & COO) and Andrei Rebrov (Founder & CTO).
Brink, who holds an MBA from Columbia Business School, spent over fifteen years in Global Marketing leadership roles at L'Oreal, Estee Lauder, P&G and Elizabeth Arden before embarking on this endeavor.
Mariya Nurislamova. Photo Courtesy of ScentBird
They took a gamble in October of 2014 and they played their cards just right. Investors flocked and sales soared. Why, you ask? Because the brand considers themselves a tech platform first. An interesting position and one that has paid off “scentsational" dividends.
1. From where did the idea for Scentbird come?
Mariya Nurislamova: Scentbird was created with the simple notion of offering choice when it came to personal fragrance.
As a true fragrance lover myself, I oftentimes found myself wanting to try something different. I didn't (and still don't) believe in a “signature scent" because I like to mix things up – sometimes I want a floral scent and other times I want a musky scent, it's just the way of life. I then would embark on my search to find a new fragrance and realize that in order to find my next perfume I have to dodge salespeople at the department stores, sniff numerous scents until my eyes watered, and then pay for an entire bottle that I never finish.
Sticking to one scent feels stifling and outdated; however, perfume bottles are expensive, impractical for travel, and last forever. We had many conversations with women who found themselves in the same situation that I was in saying, “I like the scent but I'm so bored of it. But there's so much left that I feel bad buying something else." That's when we came up with Scentbird, a way that would make it fun and be engaging to try new scents in a small sized atomizer filled with a designer fragrance of choice that lasts 30 days for only $14.95 a month. We knew very early on that there just had to be a simpler, more pleasurable way to discover different fragrances so we used that as our fuel to create Scentbird.
2. Did you feel as if something was missing in the beauty market offerings?
Rachel ten Brink: Absolutely. Perfume is supposed to be an indulgent, sensory experience, yet we found that shopping for perfume to be anything but easy.
We knew very early on that there just had to be a simpler, more pleasurable way to discover different fragrances so we used that as our fuel to create Scentbird.
3. What made you think it would work despite the exceptionally crowded beauty and beauty box market?
Andrei Rebrov: Like many new businesses, we had identified an issue and created a solution. But only after trial and error did we eventually realize we were on to something special. Scentbird was developed with two major things in mind, the customer and the current fragrance space. There are no “one-size fits all" when it comes to finding a perfume or cologne and the marketplace didn't seem to grasp that concept at the time.
What makes us different from other subscription boxes, is that our customers have the ability to choose what they want. Every time. If they need a suggestion from us Scentbird's unbiased approach to recommending perfumes combines analytics with highly visual design to help direct them with recommended choices. There is some serious technology we developed called, TrueScent that helps pair the person with the fragrance of their desires.
4. What were your first steps in terms of getting Scentbird started? Technology? Product? Distribution?
Rachel ten Brink: Technology. We started Scentbird as a recommendation engine where we took 500M authentic consumer reviews. Instead of industry terms, we did a semantic analysis based on real consumer language (e.g- “I love it but it smells like grandma"- what other scents are consumers describing with these words?).
5. Where did you get your funding for Scentbird?
Mariya Nurislamova: We were lucky to be funded by Y Combinator in the early days and that really helped open up our network. Demo Day was instrumental in terms of meeting investors and getting our message across. It was reasonably straightforward from there.
6. Why do you think Scentbird has done so well in terms of funding?
Mariya Nurislamova: Truthfully, we have been very capital efficient, so didn't have to raise much. The strong unit-level economics and high margins really help tell our story and do most of the work for us. Recurring revenue stream and fast growth also help when it comes to raising outside capital.
7. How do you account for the speed at which Scentbird has taken off?
Sergey Gusev: The fascinating thing about Scentbird is that it appeals to a variety of people.
Scentbird is not only great for those perfume addicts who know exactly what they want or love trying new scents. It's also good for people who have no clue what they want in a fragrance and need a little help figuring it out.
Having an appeal to the masses is key. Our growth is due to a lot of hard work of course, but focusing our energy on consumer feedback and actually implementing their needs is what keeps us strong. That's one of the reasons we recently launched our own namesake line of scented hand creams and shower products. Our consumers wanted more fragrance and based on a poll including over 1 M consumer insights we created unique scents like Earl Grey & Blackberry and Rose & Prosecco into everyday luxury products.
8. What do you believe is the magic formula in terms of creating, maintaining, and managing a team that can create the kind of success you've experienced?
Mariya Nurislamova: As a startup, when things get tough, I always remind the team that the darkest hour is right before the dawn and we need to focus on the prize, not the hardships of getting there.
By staying in a focused, positive, and driven mindset, we have been fortunate to have grown rapidly and hope to continue to grow!
3 Min Read
Thinking of ringing up your ex during these uncertain times? Maybe you want an excuse to contact your ex, or maybe you genuinely feel the need to connect with someone on an emotional level. As a matchmaker and relationship expert, I was surprised at the start of the coronavirus quarantine when friends were telling me that they were contacting their exes! But as social distancing has grown to be more than a short-term situation, we must avoid seeking short-term solutions—and resist the urge to dial an ex.
It stands to reason that you would contact an ex for support. After all, who knows you and your fears better than an ex? This all translates into someone who you think can provide comfort and support. As a matchmaker, I already know that people can spark and ignite relationships virtually that can lead to offline love, but lonely singles didn't necessarily believe this or understand this initially, which drives them straight back to a familiar ex. You only need to tune into Love Is Blind to test this theory or look to Dina Lohan and her virtual boyfriend.
At the start of lockdown, singles were already feeling lonely. There were studies that said as much as 3 out of 4 people were lonely, and that was before lockdown. Singles were worried that dating someone was going to be off limits for a very long time. Now when you factor in a widespread pandemic and the psychological impact that hits when you have to be in isolation and can't see anyone but your takeout delivery person, we end up understanding this urge to contact an ex.
So, what should you do if you are tempted to ring up an old flame? How do you know if it's the wrong thing or the right thing to do in a time like this? Check out a few of my points before deciding on picking up that phone to text, much less call an ex.
Before You Dial The Ex...
First, you need to phone a friend! It's the person that got you through this breakup to begin with. Let them remind you of the good, the bad and the ugly before taking this first step and risk getting sucked back in.
What was the reason for your breakup? As I mentioned before, you could get sucked back in… but that might not be a bad thing. It depends; when you phoned that friend to remind you, did she remind you of good or bad things during the breakup? It's possible that you both just had to take jobs in different cities, and the breakup wasn't due to a problem in the relationship. Have these problems resolved if there were issues?
You want to come from a good place of reflection and not let bad habits make the choice for you.
Depending on the reason for the breakup, set your boundaries for how much contact beforehand. If there was abuse or toxic behaviors in the relationship, don't even go there. You can't afford to repeat this relationship again.
If you know you shouldn't be contacting this ex but feel lonely, set up a support system ahead of time. Set up activities or things to fall back on to resist the urge. Maybe you phone a different friend, join a virtual happy hour for singles, or binge watch Netflix. Anything else is acceptable, but don't phone that ex.
Write down your reasons for wanting to contact the ex. Ask yourself if this is worth the pain. Are you flea-bagging again, or is there a friendship to be had, which will provide you with genuine comfort? If it's the latter, it's okay to go there. If it's an excuse to go back together and make contact, don't.
Decide how far you are willing to take the relationship this time, without it being a rinse and repeat. If you broke up for reasons beyond your control, it's okay. If your ex was a serial cheater, phone a friend instead.
If there was abuse or toxic behaviors in the relationship, don't even go there. You can't afford to repeat this relationship again.
As life returns to a more normal state and you adjust to the new normal, we will slowly begin to notice more balance in our lives. You want to come from a good place of reflection and not let bad habits make the choice for you. Some do's and don'ts for this time would be:
- Do: exercise — taking care of you is important during this time. It's self-care and maintaining a healthy lifestyle.
- Do: shower, brush your teeth, and get out of your sweats.
- Don't: be a couch potato.
- Don't: drink or eat excessively during this time. Again, remember to maintain a healthy lifestyle.
- Do: think positive thoughts everyday and write down the 3 things you are grateful for. Look at the impact of John Krasinksi's SGN. It's uplifting and when you feel good, you won't want to slide backwards.
- Don't: contact a toxic ex. It's a backward move in a moment of uncertainty that could have a long term impact. Why continue flea bagging yourself?