EPISODE · Oct 27, 2022 · 48 MIN
Harry's Jeff Raider and Andy Katz-Mayfield: 'We have a long-term vision'
from Rooibos cosmetics · host Brendalin
When Harry's was founded in 2012, co-founders Jeff Raider and Andy Katz-Mayfield were trying to connect the dots between quality razors, affordable prices and a brand that could connect with consumers. "I can tell you exactly where it was' it was a Rite Aid on 14th and Wilshire in Santa Monica, California. I had run out of razor blades and was wandering through the store, looking for somebody to unlock the case, because they were locked away," said Katz-Mayfield, regarding the brand's inspiration. on the Glossy Beauty Podcast. "They're locked away because they're so expensive and they get shoplifted all the time. It was this absurd experience. ... I was looking at the shelf and the brands that were on the shelf, and they didn't speak to me as a consumer. There was like a picture of a razor blade flying over the moon on one of the packages. Obviously, what the brand was trying to communicate was, 'Oh, there's all this space-age technology in this thing, and therefore you should pay $25 for a four-pack of razor blades.' But I was like, 'Should I really, though?'" Katz-Mayfield Gchatted Raider, who had recently co-founded Warby Parker, another early DTC disruptor. The two met while in college as consulting interns at Bain & Company. "We say he called me a lot, but actually, he Gchatted me. I was at work, and he said, 'Hey, I had this really bad experience in a drugstore, being overcharged for razor blades by these brands that don't really connect with me. Do you think you could take what you learned at Warby Parker, building [a] brand that people love, trying to do good in the world and for customers, and bring design and style to an industry that might have lacked it before, in razors and razor blades?' I remember reading that and thinking, 'Wow, this is an awesome opportunity,'" said Raider. Though the brand is just nine years old, Raider and Katz-Mayfield have lived many lives with Harry's. The brand has gone from a best-in-class startup to an acquisition target and the focus of the Federal Trade Commission, to now a different type of parent company that acquires and incubates its own brands. Those have included Lume and Cat Person. "What Harry's and Flamingo both did was they found an unmet consumer need, an opportunity to do something that was actually better for somebody. … It started with delivering really high-quality products at a great value, and then also speaking to people how they wanted to be spoken to in these categories," said Raider. "We felt like we had the opportunity to build brands and unique products that differentially meet consumers' needs and do it on DTC. That could actually be applied anywhere in CPG."
What this episode covers
When Harry's was founded in 2012, co-founders Jeff Raider and Andy Katz-Mayfield were trying to connect the dots between quality razors, affordable prices and a brand that could connect with consumers. "I can tell you exactly where it was' it was a Rite Aid on 14th and Wilshire in Santa Monica, California. I had run out of razor blades and was wandering through the store, looking for somebody to unlock the case, because they were locked away," said Katz-Mayfield, regarding the brand's inspiration. on the Glossy Beauty Podcast. "They're locked away because they're so expensive and they get shoplifted all the time. It was this absurd experience. ... I was looking at the shelf and the brands that were on the shelf, and they didn't speak to me as a consumer. There was like a picture of a razor blade flying over the moon on one of the packages. Obviously, what the brand was trying to communicate was, 'Oh, there's all this space-age technology in this thing, and therefore you should pay $25 for a four-pack of razor blades.' But I was like, 'Should I really, though?'" Katz-Mayfield Gchatted Raider, who had recently co-founded Warby Parker, another early DTC disruptor. The two met while in college as consulting interns at Bain & Company. "We say he called me a lot, but actually, he Gchatted me. I was at work, and he said, 'Hey, I had this really bad experience in a drugstore, being overcharged for razor blades by these brands that don't really connect with me. Do you think you could take what you learned at Warby Parker, building [a] brand that people love, trying to do good in the world and for customers, and bring design and style to an industry that might have lacked it before, in razors and razor blades?' I remember reading that and thinking, 'Wow, this is an awesome opportunity,'" said Raider. Though the brand is just nine years old, Raider and Katz-Mayfield have lived many lives with Harry's. The brand has gone from a best-in-class startup to an acquisition target and the focus of the Federal Trade Commission, to now a different type of parent company that acquires and incubates its own brands. Those have included Lume and Cat Person. "What Harry's and Flamingo both did was they found an unmet consumer need, an opportunity to do something that was actually better for somebody. … It started with delivering really high-quality products at a great value, and then also speaking to people how they wanted to be spoken to in these categories," said Raider. "We felt like we had the opportunity to build brands and unique products that differentially meet consumers' needs and do it on DTC. That could actually be applied anywhere in CPG."
NOW PLAYING
Harry's Jeff Raider and Andy Katz-Mayfield: 'We have a long-term vision'
No transcript for this episode yet