Episode Transcript
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0:00
Hey guys, it's me, Sean Hayes. I come here
0:02
to you today, not with Smartless' typical celebrity interview,
0:04
but rather to tell you about another podcast interview
0:06
series I'm just really excited about. It's
0:08
called How I Built This with Guy Raz.
0:11
Every week, Guy speaks to an innovator, an
0:13
entrepreneur, or an idealist and breaks down their
0:15
road to success. One of the interesting interviews
0:17
was with Tiffany Masterson, the founder of Drunk
0:19
Elephant. It's a skincare brand. I found it
0:21
really interesting. Here's a little bit of that
0:23
story. Tiffany Masterson was a stay-at-home mom of
0:25
four in her forties when a passion for
0:27
skincare drove her to research every ingredient out
0:29
there and its proven effect on the skin.
0:31
With no formal training and very little business
0:33
experience, she worked tirelessly to develop her first
0:35
line of products and launched Drunk Elephant in
0:37
2013. Just six years later, Drunk
0:39
Elephant was the top-selling brand in Sephora's across the
0:41
country. If this conversation doesn't inspire you, I don't
0:43
know what will. I'm about to play a clip
0:45
from this episode of How I Built This. To
0:47
hear the rest of the episode and much more
0:49
of How I Built This, follow the show on
0:52
the Wondery app or wherever you get your podcasts.
1:00
So what would you do? You would just buy
1:02
a bunch of skincare products or you would buy
1:05
individual ingredients, oils.
1:07
Never ingredients. I never was the one, I'm not the
1:09
one who made products in my kitchen. I
1:12
wanted to read and understand like
1:14
toxicity levels of ingredients. And yeah,
1:17
I remember buying like this avocado
1:19
oil and I got it, I used
1:21
it. I broke out exactly
1:23
like 10 days later and
1:25
I looked at the ingredient deck and sure
1:27
enough, there's essential oils in there. But I
1:30
didn't recognize that to be essential is because they
1:32
came under different names. So that would force me to
1:34
then learn the all the names of essential oils. They
1:36
can, things go by different names. And
1:38
I couldn't understand why everybody was using them. So
1:40
this is like a research phase, right? Basically, were
1:42
you thinking, I'm going to come up with a
1:45
basically a new bar or I'm
1:47
eventually going to come up with like a cream cleanser
1:49
or did you not quite know yet at that point?
1:52
I wanted a line that was formulated with ingredients
1:54
that I chose and that I could be in
1:56
control of and that I would know what was
1:58
in the product. And then I... I also wanted
2:00
a solution like I could say, look,
2:02
you don't have to go out and buy a serum
2:04
or a sunscreen or this or that. This is the
2:07
whole thing right here. And you
2:09
don't have to worry about ingredients affecting
2:11
your skin from another product because I'm
2:13
not gonna use the ingredients that could
2:15
potentially trigger a breakout in your skin.
2:17
But then Charles, my brother-in-law, wanted me
2:19
to make a bar because he
2:21
happened to love the bar. So that'll be
2:23
the cleanser portion of the line. And then
2:25
I'll make a vitamin C and I'll make
2:27
a sunscreen and I'll make an acid so
2:30
I would go read dermatologist articles and
2:33
I just read so much and tried
2:35
to teach myself about what this line
2:37
would need. And then a lot
2:39
of what I would want as a consumer. How
2:42
would you keep track of all these things?
2:44
Like, did you have like a journal that
2:46
you would write things by hand or did
2:48
you have like a spreadsheet? I had a
2:50
spreadsheet on a computer. Were you intuitively
2:53
naturally like a spreadsheet, P&L
2:56
kind of numbers organizational
2:58
person or? I'm
3:00
not, I hate it. I'll tell you, I don't think
3:03
I have those skills so much even today. When you
3:05
show me a spreadsheet, my brain kind of goes numb.
3:08
But I'll tell you, when you're passionate about something
3:10
and when it's all you think and care about at
3:13
the time in the moment, yeah, I mean, I opened
3:15
up an Excel spreadsheet. I may not have really
3:17
known totally how to use
3:19
it completely but I knew how to fill in
3:21
four squares and I was excited to see this
3:23
kind of come to life. You'd
3:26
mentioned to me on the phone that you wouldn't have been able
3:28
to do this in your 20s, that you actually had to do
3:30
this in your 40s. And
3:33
that makes a lot of sense to me because as a
3:36
mother or father, you know, to
3:39
raise children requires a lot
3:41
of organizational skills. It
3:43
requires a lot of like making
3:46
sure the calendar, like the school events and
3:48
the sports and getting this kid there and
3:50
that kid there. And so I
3:52
was thinking about your sort of methodical
3:54
approach to ingredients, spreadsheets and writing things
3:56
down like, but I have to
3:59
imagine that just raising four. kids also
4:01
gave you skills that enabled
4:04
you to kind of think very
4:06
methodically like spreadsheets, calendars, like lists.
4:08
Is that right? You don't have a
4:10
choice. You don't have a choice and I'm not like
4:12
that. I was never like that. In fact, I didn't
4:14
think of myself as anybody that would be able to
4:17
raise or handle kids. I remember thinking
4:19
I could probably could handle two but I ended
4:21
up just you do it. You do what you got
4:23
to do. Yeah and what would you
4:26
put on the spreadsheet? Like the name of the ingredient
4:28
and I would take a product just
4:30
to write and I look at the ingredient
4:32
deck and then I would list out all
4:34
the ingredients and then I would had three
4:36
categories you know it's like the way I
4:38
understood it as a consumer here's three categories
4:40
these these ingredients are there for skin it's
4:43
a this is a humectant or an oil
4:45
or a cell communicating ingredient you know the
4:47
second category were ingredients that were there for
4:49
the formulation itself that you have to have
4:52
a preservative a stabilizer
4:55
things that help the product do what it's
4:57
supposed to do and keep it they keep
4:59
it safe yeah and then the third bucket
5:01
that were I used the word suspicious I'm
5:04
a suspicious person like why are these in there well
5:07
there's only one answer they're in there
5:09
that either make the product smell pretty
5:11
look pretty feel pretty there's dyes there's
5:13
fragrance there's essential oils there
5:15
are silicones that create this silky feel yeah
5:18
but a lot of ingredients can't get through
5:20
silicone so why are they there and drying
5:22
alcohol why is that there it damages your
5:24
skin straight up damages your skin chemical
5:27
screens every time I used a chemical sunscreen
5:29
I broke out so it's physical better like
5:31
mineral so that's what I was thinking like
5:33
at the time like these are ingredients that
5:35
don't need to be there these are ingredients
5:38
that do yeah I'd love to do something
5:40
with ingredients only ingredients that need to be
5:42
there and let it let the formulation
5:44
come out like it will you keep mentioning essential
5:46
oils and I'm like not essential oils would
5:49
get like or or is all
5:51
of it a problem or suspicious well
5:54
they do have some good things about
5:56
them but the cons outweigh the pros
5:58
yeah and the good things
6:00
about essential oils, you could say those
6:02
same good things about non-fragrant plant oils.
6:05
Right. Like marula oil or apricot oil.
6:07
Okay, so let's talk about one of those
6:09
oils, marula oil. Yes, made from the
6:11
seed or the pep of the marula fruit. Is
6:14
that an edible fruit? Yes,
6:16
it is. And there's a
6:18
liqueur called amarula, it's from South Africa. Okay.
6:21
And at the time, the kind of it
6:23
oil was argan oil. And
6:25
I remember thinking like, this could be a good moment
6:28
to introduce a new oil out there. Not a lot
6:30
of people had heard of marula. It was out there,
6:32
but it wasn't like, very well
6:34
known and very popular. I remember the people around me
6:36
had never heard of it. I love the way it
6:39
felt, it absorbed really easily
6:41
into my hand. One of the things that was
6:43
important to me for whatever reason was adorability and
6:46
not sitting on top of the skin. So a lot of
6:48
the products I used in the past sort of sat on top
6:50
of my skin. So marula
6:53
oil, you sort of land on
6:55
this ingredient because you're looking for
6:58
something that could kind of be the anchor
7:01
for at least one, maybe all
7:03
the products in the line. And this
7:06
to you felt like it
7:08
could be the one, marula oil. Let's talk
7:10
about the name. Because obviously
7:13
marula oil is a key ingredient, was going
7:15
to be a key ingredient that comes from
7:17
a tree that with fruits, I think they're
7:19
a little bit like loquats maybe, they
7:22
grow in Africa. Right. And the name,
7:24
trunk elephant, where does that come from? So
7:27
I'd been searching for a name and
7:30
I'm pretty shy. I didn't really see
7:32
myself calling it Tiffany Masterson. And at
7:36
the time I looked around at brands,
7:38
it's like doctors and French names and
7:41
I just felt like what am I gonna call this? So
7:43
marula oil was what I wanted to use as the
7:45
moisturizer. And so this oil
7:48
felt great. I went home, I googled it and
7:50
a video came up of animals
7:52
in South Africa eating marula fruit off
7:54
the ground, fermented and they were
7:56
like stumbling around. So the implication
7:58
was they get they eat them. fermented fruit, they
8:00
get tipsy. Probably not
8:02
true. Probably
8:04
impossible, but still it was... They're
8:07
getting drunk off fermented marula fruit, basically.
8:09
Exactly. Drunk elephants. Yes.
8:11
And so I remember thinking, well,
8:13
this is kind of my personality. Yeah. Should
8:16
I call it drunk elephant? When you went to
8:18
friends and you're like drunk elephant, where most of them are
8:20
like, yeah, that's cute. Or were they like, hmm, this is
8:22
a little weird. My best friend said, no way.
8:25
She took me out to get pizza and she was like, I got to tell
8:27
you, I hate it. I don't
8:29
like it. She changed her mind quickly
8:31
though. And my mom didn't like it. My grandmother said
8:33
it was the most asinine thing she'd ever heard. Yeah.
8:36
A lot of people said that sounds like a
8:38
bar, pub. Yeah. I mean, were
8:42
there any, I don't know, people who were like,
8:44
what? The result is you're not going to sell
8:46
this product. Like any professionals or people in the
8:48
industry that you consulted with? Yes. I
8:50
hired a... So in 2013, when
8:52
I launched the line on
8:54
my own website in Houston, actually, August
8:57
15th, 2013, I hired
8:59
this big fancy publicist in New York and I was
9:01
super excited to work with them. And she actually
9:03
asked me to put together a focus group. It
9:06
was going to cost me $30,000 to talk about the name. Oh,
9:10
they would convene a focus group. It would cost $30,000
9:12
and you would pay them to find
9:16
out what people thought. Okay. Right. Right.
9:18
And? I knew what they would
9:21
tell me. So I got her a new publicist. Oh,
9:23
you decided not to spend the money because you knew people were going to
9:25
say, I hate the name. I knew. I
9:27
knew what they would say. Oh, and by the way,
9:29
the consultant was Gutty Ranker. I told her, I've
9:31
chosen the name now. And she said, what is that? I said,
9:34
Drunk Elephant. And she said, I'm out. Wow.
9:36
She's like, I'm not into it. I'm not the... She's out. Never
9:39
heard from her again. Wow. You can listen
9:41
to How I Built This early and ad free
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right now by joining Wundery Plus in the Wundery
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and daily business content, listen to Wundery, the destination
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This, Business Wars, the best one yet, business movers
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