Alli Webb started a mobile blowout side hustle in LA, offering hair styling services for $40 with no cuts or color. With overwhelming demand, she opened the first Drybar salon in 2010, focusing on high volume blowouts to break even. The business grew rapidly, expanding to over 150 salons and eventually selling its product line for $255 million in 2020. Webb’s initial goal was simply to do what she loved, never anticipating the massive success that Drybar would achieve.
Full Article
Peter Hargreaves’ Blue Whale sells major tech stocks over AI concerns
Blue Whale Growth, managed by Stephen Yiu, has reduced exposure to major US tech companies like Microsoft due to concerns over their hefty investments in AI infrastructure. Yiu has aggressively sold shares in Microsoft, pushing it out of the top 10 holdings for the first time since 2017. Blue Whale has seen success, returning 24% this year, with a significant stake in Nvidia and concerns over the financial performances of other Magnificent Seven tech giants...
Read more