Jessica Alba Has A Startup Worth $1B Before IPO
If you’re like me and a billion other people, you probably just assumed Jessica Alba is a bad actress, but apparently it’s just bored indifference since obviously being an international movie star is just something she does as a hobby.
According to the Wall Street Journal, the superstar actress’s environmentally-friendly baby care startup, The Honest Co., recently closed a $70 million fundraising round. That investment now values her company just shy of a billion dollars, and it’s only growing: “She is an international star. We’re starting to see a lot of demand from her fans around the world,” [investor Jeremy Liew] said. “This idea for non-toxic, chemical free products has resonated around the world in developed and developing countries.” Since launching in 2012 with its non-toxic diapers and other natural baby products, the California-based startup has grown quickly by blending its environmentally sensitive products with a social mission. Annual revenue is tracking to hit north of $150 million in 2014, or three times the revenue of 2013, according to [co-founder Brian Lee]. Despite having been in business for just a few years, The Honest Co. is already eyeing a public stock offering, which will likely value the company even higher.
So, uhh, is she seeing anybody? She has a husband and two kids? I mean, I’ll take them all out to dinner if that’s cool.