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Social Leverage Letter | Issue #13

Social Leverage Letter | Issue #13

Going Below the Belt, and a Deep Dive on Beehiiv

Pete Weishaupt
November 28, 2021

The Social Leverage Letter is a weekly newsletter for early-stage seed startups and investors. Receive it directly in your inbox every Sunday. Subscribe now.

UPFRONT

Yahoo! | Allison Collins

Manscaped Inks SPAC Deal, Signs Channing Tatum

"We went from $3 million to nearly $300 million in just three years with only $23 million in capital," said CEO Paul Tran.

https://www.yahoo.com/lifestyle/manscaped-inks-spac-deal-signs-120030502.html

READING

Exec Sum | Litquidity

Litquidity takes a deep dive on Beehiiv because: (1) Exec Sum is written on the company's platform (and there’s nothing more meta than writing about a newsletter platform on that newsletter platform), and (2) it's one of several Litquidity Capital portfolio companies (and a Social Leverage portfolio company as well). Litquidity views it as a public investment memo as to why he invested.

What's the Buzz with Beehiiv? 🐝

A closer look into our favorite newsletter platform (and the new home of Exec Sum)

https://www.execsum.co/p/whats-buzz-beehiiv

LISTENING

Panic with Friends | Howard Lindzon

Take a trip in the wayback machine and climb aboard a rocketship as Paul and Howard discuss building a successful brand.

Paul Tran of Manscaped on building a successful brand (EP.25)

Listen to this episode from Panic with Friends - Howard Lindzon on Spotify. Inside a Rocketship — Building a successful Brand in 2020 Guest - Paul Tran, Founder and CEO of Manscaped howardlindzon.com, manscaped.com Twitter: @howardlindzon

https://open.spotify.com/episode/2gMAlvMYPAxotYom4xj7Ca?si=6Ysc8bZaSkWYMhYVB7w8xw

WATCHING

Halftime Report | CNBC

The numbers are staggering. $3 million in trailing 12-month revenues in 2018 to $300 million today. They did it by obsessing over making the very best products for men, an obsession that carries on to their million active members in their subscription program. Manscaped has gone beyond the groin by earning their customers permission to take care of them from head to toe. And quite profitably as well.

Manscaped to go public via $1 billion SPAC deal

Manscaped CEO Paul Tran and Bright Lights Acquisition Corp. CEO Mike Mahan join the 'Halftime Report' to discuss the company's success, it's move to go public via SPAC and future forecast.

https://www.cnbc.com/video/2021/11/23/manscaped-to-go-public-via-1-billion-spac-deal.html

JOB BOARD

Current openings at Social Leverage portfolio companies:

Software Engineer

Job Opening: Software Engineer at beehiiv in Remote.

https://careers.beehiiv.com/en/jobs/21465

Customer Success Lead - Payitoff

At Payitoff, we automate every aspect of debt management for fintechs, workplace providers, and financial institutions - starting with student loans. We are fully remote, family friendly, and committed to investing in diversity within our company.Our m...

https://apply.workable.com/payitoff/j/0FDD41A7D9/

Secfi - Senior Frontend Engineer

The Role For our Engineering team in Amsterdam we are looking for a very experienced and talented Senior Front-End Engineer, who feels right at home in a fast-paced scale-up environment. Next to hands-on development work, you help us improve the general quality of the codebase, implement best practices, and mentor more junior engineers. Your team is multidisciplinary and responsible for the full-stack delivery of each feature. You thrive on working closely together with designers, backend- and frontend-engineers and product specialists. You are opinionated on best practices and own decisions made by the team as if they are your own. Ideally, you are looking to transition into a Tech Lead or Team Lead role in the future or already have some experience in this area.

https://jobs.lever.co/secfi/320787b9-3372-47f7-9100-e403315da99b

Our portfolio companies are seeking great candidates to fill roles in engineering, product management, design, sales, marketing, HR, and more. Browse ALL available opportunities here.

Check out all of our portfolio companies at Social Leverage.

Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.