Serena & Lily: Serena Dugan and Lily Kanter. They Built a $20M Brand—Then One Investor Almost Destroyed It
Aug 3, 2026 · 1h 16m
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EP · How I Built This with Guy Raz · Serena & Lily: Serena Dugan and Lily Kanter. They Built a $20M Brand—Then One Investor Almost Destroyed It1:15:44
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0:12We needed working capital and so I asked a friend if they had any ideas of the valuation of this company and they said no, but I'm going to introduce you to a CFO at a private equity firm.
0:28So Serena and I went to pay them a visit just literally to get their opinion on the valuation.
0:36And in about 10 minutes into the meeting, the CFO went and got one of the general partners of the firm.
0:44He literally patted us on the heads like we were dogs or puppies.
0:50Or children.
0:52He took a seat at the table and said, you girls sure have been busy.
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