Adam Goldenberg, Don Ressler, and TechStyle Group

Updated for May 29th, 2017:  Don Ressler and Fabletics have a brand new partnership going on, with superstar Demi Lovato of all people.  She will represent the brand’s new summer fitness line, including their full compliment of workout gear rolling out for the summer outdoor exercise season.

The business journey of Adam Goldenberg and Don Ressler had a debut in 2001. The two, met through Intermix Media when Adam was purchasing FitnessHeaven.com. Immediately after meeting, Adam and Don realized that they had a lot in common. The two had a passion for business and knew the whole market trend with their current business. Adam and Don later founded the Intelligent Beauty Company. The company because an e-commerce brand and incubator platform.

Intelligent Beauty was highly successful as it involved merging the interaction of fashion, social life at the most affordable prices. The resultant online platform was fun and highly creative. Don Ressler and Adam Goldenberg expanded the Intelligent Beauty platform through hiring design specialist, style experts, and developing a lucrative subscription model. The success with Intelligent Beauty saw the creation of other online platforms that has worked well for the two. JustFab and Fabletics have been a result of the initial success with the online sales company. JustFab, later renamed to TechStyle, has increasingly become a platform where online shoppers can access denim, jewelry handbags and other specifications for the preferences.

Read more:
Former Intermix COO Raises $33M For Fashion Brand JustFabulous

JustFab raises $85M at what sources say is a $1B valuation

The online platform has worked for Adam Goldenberg and Don Ressler through their VIP membership platform. They later founded Fabletics with Kate Hudson. The company has been highly successful today. Don Ressler and Adam Goldenberg recently announced their expansion. At the moment, Fabletics has seen many shoppers enjoy convenience with their shopping experience. The company has moved forth to open real stores, the brick and mortar stores have provided a way where someone can try their clothing personally.

JustFab was renamed to TechStyle Group in 2010. The company has gone forth to open other brands and branches such as Fabletics. Fabletics advances athleisure items such as footwear and clothing through its stores. As of August, the company recorded huge profits of close to $500 million in 2015. The company has had its headquarters in El Segundo. The choice for its location was because it was a hotspot for selling athleisure items and clothing.

JustFab has on frequent occasions been called the Unicorn of fashion. The name is a showcase that the company deals with the latest trends in the online shopping scene on techstyle.com. The company has provided an active and casual lifestyle for shoppers. Through other platforms such as Fabletics, women can access attractive tops, yoga pants, dresses, swimsuits at affordable prices. The brand bearer of Fabletics Kate Hudson understands fashion and showcases her beautiful active wear and displays it for the world to see.

Source: https://en.wikipedia.org/wiki/JustFab

Scott M. Rocklage Remarkable Career before His Appointment at 5AM Ventures

UPDATE: MAY 26, 2017

Rocklage was recently interviewed by Ideamensch and it offered insight about his background and how the ideas of his business came to be. 5AM Ventures is his business that is based on science and life. For Dr. Rocklage, a typical day varies. Some of his days are spent researching untouched areas of life science and other days are spent working on his management portfolio. And when he’s not doing that, he is attending board meetings.

5AM Ventures is a seed as well as an early stage fund that aims at creating and developing biotechnology companies. The fund is usually sponsored by two among the top life science investment companies, Versant Ventures and Bay City Capital. They are managing more than $1 billion for the fund. It was in the year 2003 when it was announced that the fund had absorbed Scott M. Rocklage Ph.D. as a venture partner. Rocklage has been the CEO of Cubist Pharmaceuticals, Inc. since 1994 where he administered its development as well as the approval of Cubicin by the FDA to become an antibiotic treatment. He was also involved in the development of two other pharmaceutical products that were approved by FDA while working at Nycomed Salutar, Inc. as a CEO.

Scott Rocklage is expected to combine efforts with three other investment professionals at 5AM Ventures, Andy Schwab, John Diekman and Carin Mueller. The three founded the firm in the year 2002 just as a spin-out venture in Bay City Capital. Their first year of operation wasn’t a bad start because they managed to invest in six biotechnology companies. These include Ambrx, Kalypsys, Symyx Therapeutics, Celscia Therapeutics, Miikana, and Alexza.

John Diekman said that having Rocklage as an addition to the team was a tremendous achievement to 5AM Ventures in their first year of operation. Referring to his previous achievement in directing the approval of three NDAs and development of infrastructures for drug launches, Diekman believes he is a value addition to their existing business and their futures ventures.

“He has already become an Executive Chairman of Miikana Therapeutics, and we are close to finalizing another similar role in another portfolio company,” John Diekman said.

Dr. Rocklage and his new partners have known each other for over 15 years, and he was excited to join the team of investors and entrepreneurs. He added that he is willing to contribute the experience he gained over the years to ensure that 5AM Ventures grows its portfolio of inspiring biotechnology and innovation.

Dr. Rocklage has served in different pharmaceuticals companies holding executive positions. They include Cubist Pharmaceuticals, Nycomed Salutar, Inc., MDS Proteomics Inc., Nycomed Interventional Inc., Salutar, Inc., Miikana Therapeutics and Catalytica, Inc. Rocklage has also led different teams to raise funds to cater for various pharmaceutical operations such as in the first public offering of Cubist Pharmaceutical and other successful fundraising events. Through this, he has managed to raise over $500 million.

Scott Rocklage is a member of the board of the Massachusetts Biotechnology Council, affiliates of the Whitehead Institute as well as BIO Emerging Company Section. He graduated from the University of California and the Massachusetts Institute of Technology holding a B.S. in Chemistry and a Ph.D. in Chemistry respectively. 5AM Ventures has gained a tremendous growth over the years under his control and management.

Source: http://www.prnewswire.com/news-releases/scott-m-rocklage-phd-joins-5am-ventures-72545982.html

Adam Goldenberg Is No Longer Just Fabulous, He’s Amazing!

The co-founded entrepreneurial e-commerce ventures of Adam Goldenberg have not only met his forecasted projections of 2014 but have greatly exceeded his expectations for growth and profitability. In the span of four short years, independent auditors have dubbed the e-commerce start-up Just Fabulous, Inc. (JustFab) a ‘Unicorn’ company. Unicorn companies have a valuation of over one billion dollars. According to an October 2016 Tech.co article “e-commerce businesses have a failure rate of 80% within the first five years of operation,” but daunting statistics did not keep Adam Goldenberg from plunging into this market chock full of competition. He has performed a rare feat in the e-commerce industry and many are marveling at his great success on hudl.com.

Adam Goldenberg has always been a forward thinker; at the tender age of fifteen, he began his first entrepreneurial venture in marketing as a website designer. This was followed by a five-year stint as the Chief Operating Officer at Intermix Media (an internet marketing company). It was at Intermix Media that he crossed paths with Don Ressler; the two began working together and eventually left the company. Subsequent to their departure from Intermix Media, they created a home-based retail startup selling health and beauty products in 2006 called Intelligent Beauty, Inc. The success of Intelligent Beauty, Inc. fueled the mind of Adam Goldenberg to break into the women’s fashion retail market. Utilizing his experience, skills, and knowledge of marketing he and Don Ressler became co-founders of Just Fabulous, Inc.

According to an August 2016 interview with WWD Adam Goldenberg discussed how the vision for Just Fabulous, Inc. would change going forward. He said, “When Don Ressler and I co-founded JustFab, we set out to change the way people shop by delivering on-trend fashion at an incredible value…but along the way, the company has transformed into a powerful brand-building platform that is driven by data and personalization.” This prompted the JustFab team to create a new name that encompasses all that Just Fabulous, Inc. has become. They decided that the moniker TechStyle, Inc. well-suited their new corporate identity. Adam Goldenberg explained the reasoning behind the name TechStyle, Inc., “Our new corporate identity captures the essence of what JustFab has become—where Fashion Avenue meets Silicon Valley.”

Read more: TechStyle CEO Adam Goldenberg Talking Name Change on CNBC

Adam Milstein Giving to a Worthy Cause

Adam Milstein is a renowned Israeli philanthropist, an investor in the real estate industry and leader. He is one of the founders of Adam and Gila Milstein Family Foundation; an organization which he currently runs together with his wife. The foundation provides humanitarian and benevolent services to various organizations in a bid to strengthen the relationship between Israel and US. In 1978, he graduated from Technion where he had served the Yom Kippur War. He migrated to the US together with his family in 1981. In 1983, Adam became an MBA after earning his Master of Business Administration degree from University of Southern California after which he started his career as a sales agent in the in commercial real estate industry.

His main areas of philanthropy are based on continuity, education and advocacy of the Jewish culture and community through consulting, affiliation improvement, and fundraising based on three principles; active philanthropy and not only through financial resources; maintaining a deep and continuous connection with their niche throughout and philanthropic Synergy. Adam sits in the board of Israel on Campus Coalition, the Jewish Funders Network, Stand By Me among others. He is also an active partner at Hager Pacific Properties. He says he started the organization after being offered with jobs that did not meet his  expectations. Adam therefore decided to become an entrepreneur that brought about Hager Pacific Properties. He was named one of the Top 100 People Positively Influencing Jewish Life positively in 2016. Moreover, he is among the top 25 Twitter activists.

Speaking in an interview, Adam notes that the real estate industry characterized by exciting ups and downs with supply lagging behind demand, unpredictable changes in trends and frequent price fluctuates. Real estate is an industry where results take a long time to be received. As an entrepreneur he believes that the most important qualities of success are Follow-up, consistency and persistency and as for him he holds no regrets. He urges entrepreneurs to always try to understand the problem and be a part of the solution. His greatest mistake, he says, was to want to have big success in a very short time. He encourages people to follow contacts and never miss any chance. To him his family comes first. He acknowledges David Hanger for being a great thinker who is very smart and also has a great perspective of seeing the world and economic matters.

Additional Links:

https://www.algemeiner.com/2017/02/13/how-to-make-jewish-philanthropy-go-further/

https://www.youtube.com/user/AdamMilstein

The Career of Stephen J. Rotella as an Executive

Stephen J. Rotella is an individual who has had a long and fruitful career. He has held several executive positions and currently works for StoneCastle Partners LLC as its President. Before being hired by the company, he was executive vice president at JP Morgan Chase and the Chase Manhattan Mortgage Corporation’s CEO. He was a member of JP Morgan’s executive committee and oversaw the community development staff of the JP Morgan Chase’s. Stephen Rotella also worked for Washington Mutual where he was president and COO from January 2005 to October 2008. He was executive in charge of supervising the company’s retail bank, credit card, mortgage, and commercial business lines as well is the management of its technology team. At JP Morgan Chase, was chief operating officer of ots home lending business from 1998 to 2001, subsequently being promoted to be the Chase Home Finance’s head in July 2003. From 1991 to 1998, he was an employee of the Chase Manhattan Mortgage Company, and he served as its executive vice president of servicing.

Before being hired by Chase, Stephen worked in the mutual funds, retail brokerage, and technology consulting industries.  Rotella served as a director and chairperson of BalletMet, which is one of the largest Columbus-based art companies. He was also a board member of the Mortgage Bankers Association. He has served on the Boards of ArtsFund and Youthcare in Seattle and the Seattle Foundation and currently serves as Chair of the Board of LIFT Communities, which is dedicated to breaking the cycle of poverty for parents with young children.

Stephen graduated in 1975 from the State University of New York with a Bachelor’s degree in Economics. He later furthered his studies at the State University of New York – Albany and was awarded an MBA in Finance and Information Systems.

Roberto Santiago – Brazil’s Top Most Tycoon In The Entertainment Space

Roberto Santiago is one of the most famous personalities in the real estate and entertainment space in Brazil. He is a serial entrepreneur and is involved in many different businesses, but one of his important projects for which he is widely known for is Roberto Santiago Manaira Shopping Mall. The Manaira Shopping Mall was opened for public in 1989 and is located in the city of Joao Pessoa in Manaira area. The shopping mall on blogspot.com has the building area of 135,000 square meters and has the parking space for 3,180 vehicles, making it one of the largest malls in Brazil. It also holds the status of being the largest mall in Paraiba, one of the states of Brazil.

The construction of the building took two years, and Roberto Santiago ensured that there were no compromises made in the building process. It has all the features and amenities urban population can ask for, and the mall stands at par with the best malls in the world. The mall has also had a dedicated gourmet space on Odiario.com that inaugurated in the year 2014, and the first restaurant to open here was Capital Steak House, which is very popular among the locals. Other favorite features of the Roberto Santiago Manaira Shopping Mall includes a large food court offering a variety of global cuisines, fitness center, a bank, Game Center, 11 movie theaters, a school, garden, shopping area, sitting area, spa and salon, kids zone, and more.

Roberto Santiago has extensive experience in the entertainment business and is also the owner of the previously opened Mangabeira Shopping Mall. Due to his working experience of construction of the mall, Roberto Santiago ensured that Manaira Shopping Mall is even better and provides consumers with the experience they have never had before in the region. Out of the 11 movie theaters in the mall, 3 of them are equipped with the latest high definition 3D technology, which assures moviegoers of entertaining and immersive experience.

One of the key features of the Manaira Shopping Mall is the Domus Hall on the terrace of the mall. The hall can accommodate over 8,000 people and holds exhibitions, conferences, events, concert, live music shows, award ceremonies, school and college events, and much more. Many famous celebrities including Ana Carolina and Jorge Maria Da Silva ssssshave performed here. The Domus hall is also given on rental for private events, such as for wedding, anniversaries, birthday parties, and so on. The mall representatives are attentive and responsive to the requirements of the visitors and clients and take feedback very seriously. Roberto Santiago personally supervises the maintenance of the mall and is involved in its day to day operations, ensuring the operational efficiency is at its peak always.

Jeffry Schneider’s Take On Alternative Investments

Delivering on his approach that alternative investments are a remarkable means to expand holdings and lessen volatility, entrepreneur and financial services expert Jeffry Schneider’s intent is to be the trusted liaison to those looking to maximize return and diversify risk.

To accomplish his objective, Schneider founded Austin, Texas-based Ascendant Capital LLC, which focuses on a diversified array of services which take in education, marketing, inventive financial structuring and sales.

As chief executive officer and with his 24 years of financial services industry experience, he oversees sales, marketing, operations and policy while also administering a group of financial and operating professionals.

Over the last five years under the guidance and direction of Schneider, Ascendant Capital has grown rapidly from two employees to more than thirty and raised nearly $1 billion working with more than 50 broker dealers and 250 investment advisors.

The boutique investment firm finds and classifies hedge, private-equity and real estate funds that are typically not available to investors and then works to add valuable options for clients.

In addition to working with a network of brokers and advisors, Ascendant Capital works with private banks and family offices.

According to Schneider, the firm’s success comes from its distinctive setting which encourages hard work, confidence and friendly, receptive communication.

On a personal level, Schneider recognizes the value of learning about new customs and cultures and has already traveled to Europe, Asia and South America and looks forward to travel to Brazil, Australia and Cuba.

He also enjoys staying fit and has joined in a number of marathons, iron man and half iron mans.

What’s more, Schneider is committed to giving back to the community as he is engaged in activities with such charitable organizations as the Gazelle Foundation, God’s Love We Deliver, Wonders and Worries, Camp Honey Creek’s Summer Dream Program, the Cherokee Home for Children and several others.

Jeffry Schneider, who was born in New York City, graduated from the University of Massachusetts at Amherst, with a Bachelors of Science degree.

Before founding Ascendant Capital in 2009, Schneider worked at Axiom Capital Management and Paradigm Global Advisors as well as at Merrill Lynch, Alex Brown and Smith Barney.

Don Ressler and Fabletics Finding Success With a New Business Model

There have been few new companies that have had the rapid success of Fabletics and its parent company, JustFab. Fabletics tapped into a growing fashion trend for young and fashion conscious women. Those women have tired of wearing sportswear that was less than comfortable. They were accustomed to wearing comfortable clothes in the gym and spa and had decided to wear this type of clothing, athleisure wear, more often. As any casual observer of fashion knows, women are turning their backs on the accepted casual wear and the previously called sportswear in favor of real sports clothing. Now yoga pants, sweat pants, leotards, comfy tops, baggy sweaters, and hoodies are the preferred choice for women on the go and are worn when not at work.

Combine this fashion element with the business acumen of Don Ressler and the physical attributes of Kate Hudson, and Fabletics was born with a near perfect mixture of a fashion idea and a subscription service that young women wanted to join. Having the physical beauty of Kate Hudson as a model didn’t hurt, and soon this heavily leveraged company was profitable. With 10 million subscribers paying $39.95 a month to be a part of the expanded program of JustFab, Fabletics, FabKids, and ShoeDazzle, the success of the company was guaranteed, and another brand was born.

Read more: JustFab wants to be the next H&M

Don Ressler had joined forces with Adam Goldenberg in 2010 and the management duo combined with Kate Hudson as a spokesperson, model, and figurehead. The group further used the skills of a former model and personality, Kimora Lee Simmons, as acting CEO, and thus the stage was set for success.

The success of JustFab has allowed this ingenious firm to explore a new form of marketing. A company that is dependent on subscription sales taking place on the Internet has now opened six brick and mortar stores and plans on expanding with more locations. This new and revolutionary style of marketing by Don Ressler implementing the two types of marketing may establish a new trend and become the wave of the future. Judging from the success of JustFab and Fabletics it will work and possibly offer new life to the decaying brick and mortar concept of merchandising. The mall concept has been popular for decades but now is in decline. Retail business owners have tried numerous angles to create interest in maintaining the retail store concept, but Don Ressler and company are business trendsetters and have an idea that could save the malls across America.

Learn all about Don Ressler on Crunchbase
Find out more about Don Ressler on Forbes.com

Stephen Murray’s Service To My Company

I came to Stephen Murray and CCMP Capital after several years of personal investment mediocrity. My business was in need of a proper trust that would support us financially, and it was quite difficult to build on my own. I had every trouble with my business considering the trust was difficult to control, but I ensured the trust worked by speaking to Stephen in his office. This article explains what he did for me as I joined his new fund.

#1: CCMP Capital Is The Chase Investment Bank

CCMP Capital is quite a large investment bank that is attached to Chase Bank. I have kept accounts with Chase Bank for some time, and I have been quite pleased with the way they do their business. I am not clear on the exact history of the bank, but I know that Stephen was with the bank for quite a long time. He helped build their funds, and he came to power after many decades at the company.

#2: What Was Our Investment Option?

Stephen took my check in our first meeting for a basic investment, and we were plunged into a fund that helps us even to this day. I have been quite pleased with the returns we see on the fund, but we cannot receive service from Stephen due to his illness and sudden passing.

Read more: CCMP’s Murray dead at 52

#3: CCMP Capital Never Misses A Beat

Stephen Murray passed away a few months after our first meeting, and I was contacted by CCMP Capital and their staff about his illness. They did quite a good job of helping us manage the investment we made, and I connected with quite a lovely person in his office who helped with my investment. I still receive lovely service, but we all took a moment of silence for Stephen as he will be greatly missed.

#4: What Is His Legacy At The Company?

Stephen Murray’s legacy at CCMP Capital is something I believe endures to this day, and I want to see it honored as much as possible. I believe that he created something magical that endures, and we are making quite a lot of money on the trust investment he started for us. His presence is felt with every new capital investment we make.

I was sad to hear of Stephen’s passing. He gave us financial freedom, and I cannot thank him enough for what he did for our company.

Read more about Stephen Murray on Pehub.com
For more about Stephen Murray, check out Lecay.com

Rick Shinto: Leadership for InnovaCare Health

Rick Shinto’s Background

Rick Shinto serves as the current President, and Chief Operating Officer of Puerto Rican’s leading managed healthcare provider, InnovaCare Health. Initially, Dr. Shinto served as Aveta’s President between 2008 and 2012. Currently, Dr. Shinto assumes the mantle of InnovaCare’s President in Puerto Rica.

Having worked in different organizations, Richard Shinto has over two decades of experience in operation and clinical management in managed care. Before his way up as the Chief Operating Officer of Aveta Inc., Dr. Rick Shinto served as Chief Medical Officer of NAMM California. Before joining NAMM California, Dr. Shinto was Medical Pathways Management Company’s Chief Medical Officer and Chief Operating Officer. After serving as MedPartners’ Corporate Vice President of managed care between 1996 and 1997, Dr. Shinto left for Cal Optima Health Plan as the Chief Medical Officer. He began his medical career as a pulmonologist and internist at Southern California.

Besides, Dr. Shinto is an internationally recognized author, having written several clinical medicine and healthcare-related articles. He attended the University of California to pursue a degree in Bachelor of Science. Later on, he enrolled at the State University of New York for a medical degree. Additionally, Dr. Shinto holds an MBA from Redlands University.

Read more: InnovaCare Health Announces Three Additions To Leadership Team

Background of Penelope Kokkinides

Penelope Kokkinides rejoined InnovaCare Health in 2015 as Chief Administrative Officer. Previously, Kokkinides served as the company’s Chief Operating Officer. She also worked at Clinical Operations as Vice President as well as Chief Operating Officer of Aveta Inc. Dr. Kokkinides leverages her 20 years of experience in healthcare specializing in government programs, Medicaid and Medicare and managed care in executing her responsibilities. She is an expert in developing health care processes and clinical programs to improve efficiency and organizational facilities. See: http://innovacarehealth.com/leadership/

Before rejoining InnovaCare, Penelope Kokkinides served as Centerlight Healthcare’s Executive Vice President and COO. Here, Dr. Kokkinides would provide strategic direction in the managed care division. She also worked at UnitedHealth Group’s business unit, AmericaChoice as Vice President for Disease Management and Care Management as well as Touchstone Health’s Chief Operating Officer. While at AmericaChoice, Kokkinides was instrumental to the development and implementation of the institution’s health model. She holds a degree in classical languages and biological sciences from the University of Birmingham.

About InnovaCare Health

InnovaCare Health is Puerto Rican’s leading provider of managed healthcare. Through two healthcare initiatives, Provider Networks and Medicaid and Medicare, InnovaCare Health creates sustainable, cost-effective, and advanced health models geared towards improving the quality of healthcare. InnovaCare Health’s mission is to redefine healthcare management to address today’s complex challenges in the healthcare industry.

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