603: He Built a $1B Beauty Brand Selling $1 Makeup | Joey Shamah
Joey Shamah built e.l.f. Cosmetics into a billion-dollar beauty brand by doing the exact opposite of every competitor in the industry.
In this interview, the e.l.f. co-founder breaks down how he turned a radical $1 makeup idea—laughed at by investors and retailers—into a global powerhouse that went public on the New York Stock Exchange.
From bootstrapping his business out of his father’s warehouse to selling 192,000 orders overnight after a viral Bloomingdale’s rumor, Joey shares the full story behind disrupting an entire industry, mastering retail relationships, and scaling a household name without big marketing budgets or celebrity backing.
What you’ll learn from this interview:
• How Joey built e.l.f. Cosmetics into a billion-dollar brand from scratch
• The marketing strategy that turned rejection into virality
• How a fake rumor led to 192,000 orders and changed everything
• Lessons from raising margins, expanding retail, and going public
• Why the $1 price point was his biggest advantage
• How to identify whitespace in a saturated market
• What Joey learned from multiple exits and the IPO process
• His framework for buying, turning around, and scaling legacy beauty brands
• Why perfection kills momentum and speed drives success
By the end of this interview, you’ll walk away with the playbook for disrupting established industries, scaling consumer brands from zero to IPO, and building lasting wealth through innovation, grit, and timing.
SAVE 50% ON OMNISEND FOR 3 MONTHS
Get 50% off your first 3 months of email and SMS marketing with Omnisend
with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started.
HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER
Learn directly from 7, 8 & 9-figure founders inside Foundr+
Start your $1 trial → https://www.foundr.com/startdollartrial
PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING?
→ Starting from scratch? Apply here →
https://foundr.com/pages/coaching-start-application
→ Already have a store? Apply here →
https://foundr.com/pages/coaching-growth-application
CONNECT WITH NATHAN CHAN
Instagram → https://www.instagram.com/nathanchan
LinkedIn → https://www.linkedin.com/in/nathanhchan/
CONNECT WITH JOEY SHAMAH
Website → https://www.elfcosmetics.com
LinkedIn → https://www.linkedin.com/in/josephshamah/
FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES
YouTube → https://bit.ly/2uyvzdt
Website → https://www.foundr.com
Instagram → https://www.instagram.com/foundr/
Facebook → https://www.facebook.com/foundr
Twitter → https://www.twitter.com/foundr
LinkedIn → https://www.linkedin.com/company/foundr/
Podcast → https://www.foundr.com/pod
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51:49
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51:49
602: (Solo) What I Learned From Alex Hormozi’s $100M Book Launch
Everyone saw the headlines—but the real lessons from Alex Hormozi’s $100M book launch are in the planning, positioning, and pre-launch.
In this episode, I break down the fundamentals you can lift straight into your next product launch or Black Friday promo: how to think like a founder (not an influencer), engineer your unit economics, and turn months of value-led content into a movement people want to be part of—before you ever make the ask.
Here’s what you’ll take away:
• Launch like a founder: plan, test, and engineer every touchpoint (not just “post & hope”)
• Positioning > polishing: sell the category and the community, not just the product
• Pre-launch depth: stack 3–6 months of value to build goodwill, trust, and demand
• Make the math work: VIPs, bulk buys, and upsells that liquidate ad spend
• Content as R&D: use social to test hooks, angles, & offers long before launch day
• Audience size isn’t everything: relationships and belief beat raw follower count
If you apply even one of these to your next launch—especially dialing positioning and pre-launch—you’ll see a lift in conversion, revenue, and long-tail demand.
Want to listen to our episode with Alex Hormozi? → https://
megaphone.link/YAP7042297298
This is a brand new solo series I’m testing, and I’d love your feedback. Email me directly at [email protected] — I read every reply. Hope you enjoy it.
SAVE 50% ON OMNISEND FOR 3 MONTHS
Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started.
HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER
Learn directly from 7, 8 & 9-figure founders inside Foundr+
Start your $1 trial → https://www.foundr.com/startdollartrial
PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING?
→ Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application
→ Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application
BOOST REVENUE WITHOUT MORE ADS
We use Aftersell for simple post-purchase offers that lift sales fast.
https://try.aftersell.app/ptiz4gnmvff7 to get started.
CONNECT WITH NATHAN CHAN
Instagram → https://www.instagram.com/nathanchan
LinkedIn → https://www.linkedin.com/in/nathanhchan/
FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES
YouTube → https://bit.ly/2uyvzdt
Website → https://www.foundr.com
Instagram → https://www.instagram.com/foundr/
Facebook → https://www.facebook.com/foundr
Twitter → https://www.twitter.com/foundr
LinkedIn → https://www.linkedin.com/company/foundr/
Podcast → https://www.foundr.com/podcast
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13:35
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13:35
601: The Couple Who Built a 9-FIGURE Brand While Working Full-Time Jobs | Natalie Holloway
Natalie Holloway turned a $5,000 side hustle into Bala — a globally recognized fitness brand worn by millions and backed by Mark Cuban and Maria Sharapova.
In this interview, the Bala co-founder breaks down how she and her husband Max bootstrapped the brand from their garage to $20M+ in sales, weathered near-bankruptcy after the post-COVID crash, and rebuilt into a nine-figure company with 20+ products and collaborations with brands like Spanx and Pucci.
From surviving massive layoffs to mastering profitability and rebuilding from the ground up, this is a raw, unfiltered look at what it takes to build, lose, and rebuild a modern fitness empire.
What you’ll learn from this interview:
• How Bala grew from a $5K side hustle to a nine-figure global brand
• The story behind their $900K Shark Tank deal with Mark Cuban & Maria Sharapova
• What really happened after the COVID fitness boom — and how they recovered
• The leadership lessons from scaling a 30-person team down to 3 and back again
• How to manage co-founding a company with your partner without burning out
• The strategy behind Bala’s collaborations with Spanx and major lifestyle brands
• How to protect your IP, handle copycats, and stay focused on innovation
• Why Natalie is now mentoring founders and writing The Bala Playbook to share hard-won lessons
By the end of this interview, you’ll walk away with a roadmap for building a resilient, profitable, and enduring brand — and the mindset to navigate every high and low along the journey.
SAVE 50% ON OMNISEND FOR 3 MONTHS
Get 50% off your first 3 months of email and SMS marketing with Omnisend
with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started.
HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER
Learn directly from 7, 8 & 9-figure founders inside Foundr+
Start your $1 trial → https://www.foundr.com/startdollartrial
PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING?
→ Starting from scratch? Apply here →
https://foundr.com/pages/coaching-start-application
→ Already have a store? Apply here →
https://foundr.com/pages/coaching-growth-application
CONNECT WITH NATHAN CHAN
Instagram → https://www.instagram.com/nathanchan
LinkedIn → https://www.linkedin.com/in/nathanhchan/
CONNECT WITH NATALIE HOLLOWAY
Website → https://shopbala.com/
Instagram → https://www.instagram.com/natalieholloway/
FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES
YouTube → https://bit.ly/2uyvzdt
Website → https://www.foundr.com
Instagram → https://www.instagram.com/foundr/
Facebook → https://www.facebook.com/foundr
Twitter → https://www.twitter.com/foundr
LinkedIn → https://www.linkedin.com/company/foundr/
Podcast → https://www.foundr.com/podcast
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57:38
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57:38
600: (Solo) How Founders Should Actually Use AI (Without Getting Lost)
AI is the biggest shift since the internet—and if you’re not using it daily as a founder, you’re falling behind.
In this episode, I break down exactly how I use AI to think clearer, execute faster, and lead better—without being technical.
From treating AI as a true thinking partner to training it like a team member, I’ll show you the practical workflows, tools, and prompts that have meaningfully increased my output and product velocity.
Here’s what you’ll take away:
• How to use AI as a thinking partner for email drafts, decks, research, & data synthesis
• The prompt method: ask AI to write the prompt for the outcome you want (then refine)
• Why Claude/ChatGPT for writing, Gamma for decks, NotebookLM for knowledge mining
• How to train AI like a team member (voice rules, stories, frameworks, formats)
• Speed > everything: real example of mapping and shipping a new product faster with AI
• Guardrails: keep strategy owned by you, verify facts, and avoid over-automation traps
If you put even one of these workflows in place this week, you’ll move faster on content, decisions, and product—without adding headcount.
This is a brand new solo series I’m testing, and I’d love your feedback. Email me directly at [email protected] — I read every reply. Hope you enjoy it.
SAVE 50% ON OMNISEND FOR 3 MONTHS
Get 50% off your first 3 months of email and SMS marketing with Omnisend with the code FOUNDR50. Just head to https://your.omnisend.com/foundr to get started.
HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER
Learn directly from 7, 8 & 9-figure founders inside Foundr+
Start your $1 trial → https://www.foundr.com/startdollartrial
PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING?
→ Starting from scratch? Apply here → https://foundr.com/pages/coaching-start-application
→ Already have a store? Apply here → https://foundr.com/pages/coaching-growth-application
BOOST REVENUE WITHOUT MORE ADS
We use Aftersell for simple post-purchase offers that lift sales fast.
https://try.aftersell.app/ptiz4gnmvff7 to get started.
CONNECT WITH NATHAN CHAN
Instagram → https://www.instagram.com/nathanchan
LinkedIn → https://www.linkedin.com/in/nathanhchan/
FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES
YouTube → https://bit.ly/2uyvzdt
Website → https://www.foundr.com
Instagram → https://www.instagram.com/foundr/
Facebook → https://www.facebook.com/foundr
Twitter → https://www.twitter.com/foundr
LinkedIn → https://www.linkedin.com/company/foundr/
Podcast → https://www.foundr.com/podcast
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12:40
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12:40
599: They Rejected Her Idea, She Turned it into a BILLION Dollar Business | Suneera Madhani (Best of Foundr)
Suneera Madhani built Stax from an idea her employer rejected into a $1B
fintech unicorn processing over $25B in payments.
In this interview, the Stax co-founder shares how she went from selling
credit card terminals out of her car to pioneering the first
subscription-based payment processor, raising over $500M in capital, and
scaling a company now generating $120M+ in revenue.
From turning down a $17.5M acquisition offer to building an omnichannel
platform before “fintech” was even a word, Suneera breaks down the
strategies, resilience, and leadership lessons that took her from a
scrappy founder to one of the most successful female entrepreneurs in
tech.
What you’ll learn from this interview:
• How Suneera turned a rejected idea into a billion-dollar company
• The scrappy marketing tactics that got her first 250 customers
• Why she turned down a $17.5M acquisition offer early on
• The lessons from raising over $500M in funding and navigating
investors
• How to build an MVP using white-label solutions and customer feedback
• The importance of execution and focus over “big ideas”
• Why resilience, intuition, and community are critical for long-term
success
• The rebrand from FatMerchant to Stax and what it taught her about
scaling
By the end of this interview, you’ll walk away with proven insights for
scaling a fintech or SaaS company from zero to unicorn status—so you can
apply the same strategies to grow your own business with focus and
resilience.
SAVE 50% ON OMNISEND FOR 3 MONTHS
Get 50% off your first 3 months of email and SMS marketing with Omnisend
with the code FOUNDR50. Just head to https://your.omnisend.com/foundrhttps://your.omnisend.com/foundr to get started.
HOW WE CAN HELP YOU SCALE YOUR BUSINESS FASTER
Learn directly from 7, 8 & 9-figure founders inside Foundr+
Start your $1 trial → https://www.foundr.com/startdollartrial
PREFER A CUSTOM ROADMAP AND 1-ON-1 COACHING?
→ Starting from scratch? Apply here →
https://foundr.com/pages/coaching-start-application
→ Already have a store? Apply here →
https://foundr.com/pages/coaching-growth-application
CONNECT WITH NATHAN CHAN
Instagram → https://www.instagram.com/nathanchan
LinkedIn → https://www.linkedin.com/in/nathanhchan/
CONNECT WITH SUNEERA MADHANI
Website → https://staxpayments.com/
Instagram → https://www.instagram.com/suneeramadhani/
LinkedIn → https://www.linkedin.com/in/suneeramadhani/
FOLLOW FOUNDR FOR MORE BUSINESS GROWTH STRATEGIES
YouTube → https://bit.ly/2uyvzdt
Website → https://www.foundr.com
Instagram → https://www.instagram.com/foundr/
Facebook → https://www.facebook.com/foundr
Twitter → https://www.twitter.com/foundr
LinkedIn → https://www.linkedin.com/company/foundr/
Podcast → https://www.foundr.com/podcast
Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan.
About the show:
For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn their proven methods, lessons from failure, and inspirational stories.
Past guests include Emma Grede, Mark Cuban, Neil Patel, Kendra Scott, Alex Hormozi, Trinny Woodall, Tim Ferriss, Sophia Amoruso, Simon Sinek, Tony Robbins, Amy Porterfield, Ed Mylett, Michelle Zatlyn, Reid Hoffman, Scooter Braun, Dany Garcia, Marc Lore, Ariana Huffington, Pat Flynn, Lewis Howes, Jordan Harbinger, and many more.
About the host:
Nathan Chan is the CEO of Foundr and the creator of The Foundr Podcast. Chan literally started from knowing nothing. He was just an average guy working in a 9-5 job he utterly hated. He knew nothing about entrepreneurship, nothing about startups, nothing about marketing, and nothing about online or how to build a business. In the past decade, Chan's built Foundr into a global leader in entrepreneurial education, helping tens of thousands of aspiring entrepreneurs start and scale their businesses.
Need help with your business?
Visit foundr.com/foundrplustrial to join a global community of entrepreneurs, gain access to proven strategies, and fast-track your business growth confidently.