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The Honey Pot Sold For $380 Million. Don’t Call It A DEI Success Story [Forbes]
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The Honey Pot's irreverent marketing spoke to an audience who didn't see themselves in the legacy brands. You know, the ones still advertising menstrual pads using blue liquid. It's a pretty impressive price tag especially during a down-market for start-up exits. It turns out that $380 million dollar offer wasn't even the highest bid. As cofounder and CEO Beatrice Dixon tells it, she walked away from a $450 million offer. Why? “I would have been selling my soul,” she says. For most entrepreneurs—but especially Dixon—the start-up journey has been personal. The idea for the Honey Pot came to her in a dream in 2014. (More on that soon.) Two years later, her first product was on shelves at Target, a move that changed her company's trajectory. But as Dixon points out: This isn't a DEI success story. “We got into Target the old fashioned way,” she says. And she has a lot to say about the retailer's recent decision to roll back its minority initiatives. Here, Dixon talks about pitching i
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