In short
Earn Your Leisure Podcast Episode Summary
Episode Title
Untold Story of Curl Fest: Black Women Plan to Bounce Back After Shutdown | DEI, Hurdles & Funding
Podcast Hosts
- Rashad Bilal
- Troy Millings
Episode Overview
In this episode, the hosts interview the founders of Curl Girl Collective, Melody and Simone, to explore the journey behind Curl Fest, a major cultural celebration for the natural hair community. They discuss the event's origins, challenges faced due to the pandemic, DEI cutbacks, and how they are strategizing to bounce back.
Key Topics Discussed
- Origin Story of Curl Fest & Curl Girl Collective
- Formation: Created to celebrate and educate the natural hair community.
- Growth: Started with five women and has now become one of the largest natural beauty festivals.
- Challenges Post-Pandemic
- Event Suspension: Due to COVID-19, they had to postpone Curl Fest to 2026.
- Sponsorship Issues: DEI budget cuts have significantly impacted funding, with many sponsors pulling back.
- Business Model Insights
- Live Events: Discusses the complexities and hidden costs of organizing large-scale live events.
- Financial Struggles: Despite past successes, the founders reveal ongoing financial challenges and the impact of rising costs and decreased sponsorship.
- Community Support and Engagement
- Call to Action: The founders emphasize the importance of community support, not just through ticket sales but also through social media engagement and grassroots initiatives.
- Understanding the Need: They articulate the need for financial backing from the community due to reduced corporate sponsorship.
- The Importance of Authenticity
- Maintaining Integrity: The founders stress the significance of keeping the community-focused essence of Curl Fest, even amidst financial challenges.
- Competition: They acknowledge the emergence of other events but highlight that Curl Fest's uniqueness comes from its authenticity and community engagement.
- Future Directions
- Plans for 2026: Curl Fest aims to return with a focus on community-driven initiatives.
- Expansion Possibilities: Discussion on future expansions to other cities and countries beyond New York.
Key Takeaways
- Resilience in Entrepreneurship: The founders illustrate the challenges and resilience required in entrepreneurship, especially for Black women.
- Financial Awareness: A deeper understanding of the financial intricacies involved in running a large event and the pressures of economic downturns.
- Community Over Corporations: Highlighting the need for community support to sustain culturally significant events like Curl Fest amidst decreasing corporate involvement.
Final Thoughts
The episode serves as an enlightening discussion about the intersection of culture, community, and business in the context of an event that has significant cultural impact. The founders of Curl Girl Collective exemplify the spirit of resilience and the importance of community in navigating challenges and maintaining ownership of their brand.
Additional Information
- Invest Fest Ticket Link: [Invest Fest](https://investfest.com)
- Sponsors Mentioned:
- PNC Bank: [PNC Bank](https://www.pnc.com)
- Square: [Square](https://square.com/go/eyl)
Closing
The hosts express gratitude towards the guests for sharing their journey and insights, encouraging listeners to support Curl Fest and the broader community.
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This summary encapsulates the essence of the podcast episode, highlighting the founders' experiences and the significant issues surrounding Curl Fest and the natural hair community.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00This is an iHeart Podcast. Guaranteed Human.
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3:22All right, guys. Welcome back. Special episode of Earn Your Leisure. It's a fact. Yes. We have two of the co-founders of Curly Girl Collective and Curl Fest, Melody and Simone. And Simone, somebody that's been on the show early. Early, like episode maybe 15? Yeah. I got the number right? I think so. I'm not sure the number, but it was early. Yeah, shout out to the hometown. So first and foremost, thank you guys for joining us. Thank you for having us. So, okay. So for people that might not be familiar, right, before we get into it, can you talk about what Curl Girl Collective is and Curl Fest and how it came about, like how it hit origin story?
4:01Yeah. Okay. So Curly Girl Collective is an organization that we founded and created with our business partners. And what we're most notably known for is Curl Fest, which is one of the largest natural beauty festivals. And essentially, we created a space for a population that literally had no exposure to. And really, it's an opportunity to be educated, celebrated, provide resources for women with natural hair. So this is on the last year celebrated year 10. Year 10. Which is a huge accomplishment. Congratulations to that. it would start out with five women how how what is the situation now i know you two are here and and there are other partners what do we look like now present day yeah sure so there are there will always be five founders uh five beautiful black women um right now we have three operating members melody myself simone and sharice who couldn't be with us today got you got you so okay so you started it and it got really big i went i think like three years ago in randall's island yes right so tens of thousands of people there a bunch of sponsors and then the pandemic hits so you have to kind of put things on a hold for that because you can't do events in new york especially at that time during the pandemic and a lot of stuff happened so now we're in 2025 you'd made a decision to postpone it this year and reconvene next year, right?
5:42So what happened in that timeline and what was the decision to actually, you know, put it on ice for this year and look at 2026? Yeah. So a couple of things happened in the timeline. I think since COVID, the events business and industry has been quite difficult. It has changed. And never fully recovered. Never fully recovered. And it's becoming increasingly more difficult. And this specific year, I think with the political climate, with the rollbacks on D &I, the economy, all these things make the perfect storm. while it's becoming almost impossible to have events kind of that scale without certain levels of like sponsorship backing.
6:28And so when we saw a lot of our big ticket sponsors saying, you know, we're not moving in that direction and being very black and white about not having a budget for events that look like ours, we had to make a decision that we have to shift, take a pause and shift to see what Curlfest could look like maybe without that level of sponsorship backing, really pull the veneer away and talk to our audience about support and what it looks like with entrepreneurship, because there's a narrative out there that is like super easy. And we have this like big, big company and we're, you know, doing this with our eyes closed and we're all like super wealthy and rich.
7:10But we have still been a passion project even for 10 years later. and so this specific year we decided to it was important for us to kind of just take a pause take a beat and re-strategize a bit yeah it's important that it's a reschedule right so it's definitely gonna be back in 2026 but most people don't understand the business of live events and I was telling you I was telling you I said Mel because we friends now um that you know when you get into this space it looks it looks great on day of yes but it's a full year process to get to show day. Sponsorships is one way that you get money, obviously selling tickets to the event.
7:50Break down the business of how it looked for you from year one when it was sitting in the living room to leading up to COVID. I think we did in 2019. I think right before. Yeah, that was a massive one. It was in New York Times and I was like so proud. I'm like, I know it. She's from high school. So talk about the business structure and how it's changed. Obviously, pre-COVID, post-COVID. Yeah, yeah. I mean, I think pre-COVID, post-COVID is literally a thing, right? And it's like, I think, especially anyone from an entrepreneur standpoint or business standpoint could understand sort of the magnitude of what that created for us.
8:29I think when we think about our scale, our scale is the biggest thing. Like I think our first one maybe we had like, we had two sponsors on the lawn. A thousand people. We had a thousand people maybe, mostly, you know, friends and friends. And then, you know, you scale to let's say 2019 where there's over 40, you know, sponsors on the lawn. There's activations. There's people flying in from Ghana, from South Africa, everywhere. And I think what we noticed was that it scaled quickly. And so when you have something and you build the infrastructure, you almost need to have that foresight of like, how far can it go?
9:09And it wasn't something that we could have ever imagined that it got to that. So we had to adapt as it scaled and figure out, are there different ways to work? When it came to the pandemic, I mean, we were the largest natural beauty festival in the world, right? And you're like, okay, wait, the whole thing is about being in person and connecting in person. What does that look like when we can't do that on a global scale? Like the world is shut down. That year, we actually did a virtual Curl Fest, which was a success. That's Erica Badu came. And so it taught us, what it taught us and validated was that what we were doing was still needed, right?
9:50Even in the midst of not being able to have it. But when you break it down in terms of like, what does that mean to produce a live event? Skyrocket, cost skyrocket, everything from porta-potties to vendors, all the behind the scenes stuff, right? That doesn't look like, okay, day of, beautiful sunshine, beautiful people. But there's a lot of a lot of actual work logistics that go into PACE and everything is a dotted line to finances. Yeah. And as we've gotten bigger, there's been more and more expenses that we never thought. Right. Yeah. Increased insurance, all sorts of things that pop up as line items that never existed before when we were a couple thousand strong.
10:33So as the expenses continue to increase the line item for those expenses, also there's inflation in those things, too. But the income doesn't necessarily inflate at the same level. Yes. You know, sometimes we have this like, you know, dichotomy where we have to decide and make a decision what things need to be cut, what needs to be kept, how do we keep people safe, etc. Those are the tough decisions. And y 'all are five. This is pre-COVID. This is five working women. And this is not your was this full time or did this ever become full time? No, a lot of people think it's full time for us, but no.
11:09And entrepreneurship looks different for everyone. Yeah. But yeah, it was we were still working women with, you know, seasoned careers. Yes. Also doing this on the side. So it was, you know, working nine to five in your day job. and then, you know, the 6 to 4 in the morning the next day, right? Especially in Curlfest season. Especially in Curlfest season. Yeah. Yeah. So talk about the DEI cutbacks. Like, when did that hit? Like, walk us through that whole thing. Because a lot of people, when they heard about it, they couldn't relate to it. So that was a narrative that was pushed a lot, where it was like, this isn't something that even affects Black people because we never benefited from DEI.
11:53people. Only people that benefited from D.I. was like white women. That's popular on the internet. So you guys actually has been affected by it. So can you like walk us through that? Yeah, that's a good point. I think it affects people in different ways. Our direct impact would be kind of sponsorship impact. And we saw it before a little bit trickling in before kind of this widespread rollback. We saw shifts in like, oh, we don't have budgets for you guys this year. Um, or, you know, our budgets are tight, you know, what can you do for$10? Right. So I mean, some ridiculous conversations we have to have, right.
12:33Like all the time we're justifying our worthiness all the time, but it's been like a little bit egregious sometime this year, this year and last year about like what, what they are offering or not offering anymore. And then this year was a complete, we were just not moving in that direction at all. We don't have a D &I budget. We don't have a budget any longer for multicultural events. It just no longer exists. And they've been pretty black and white about it. And we've seen it quietly happening to a lot of our fellow kind of event producers, but nobody's really talking about it. So that's why we thought it was important for us to kind of have this conversation because a lot of people are suffering in silence and no one is talking about it.
13:18So for us our direct impact was just sponsorship um and sponsorship for us is more than just money that also is our as a part of the activations that are part of curl fest right and so folks come to the event to experience these activations um you know like the big box brands like the targets etc will come and build out these beautiful spaces for our guests to interact with provide input um all of these things and even and and i'll also add it's not just like folks who are also rolling back with de and i there are also other smaller brands that are affected by just the economy in general and are unable to you know the maybe the mom and pop beauty brands that are also unable to to uh participate in curlfest because they just don't have the funds for the funds and they're also not being funded by other partners that they've had in the past like the targets etc you're in a unique space um and it's interesting because when we talk about who is a prime target and we've seen this in the uae uh for consumers and people of wealth and it's black women yeah and when you go to girl fest i mean it is sea of black women and so you said you had to explain to your audience what support looks like can elaborate on that are you are you talking from a standpoint of like hey it's not just come to the event it might be hey we need to have community initiative what does that look like what did you have to explain to the audience yeah i mean i think it's layered right so first first i want to say we have gotten to where we've gotten because our community and so the at the onset when we created this it was all in service of our community what do we need and the good part about is we look like our community.
15:08We're literally a reflection of what we've built, right? And so when we talk about what we might need from our community, I think, you know, people probably aren't really thinking about it. Like they're thinking, oh, tickets out, I'll get a ticket, come to the event. But support looks like, you know, bringing us up in rooms that we're not in. Support looks like maybe just taking a little beat to understand what it takes from a financial standpoint to put on something at the magnitude that we're putting it on. Right. And so support looks like sponsorship, you know, support looks like understanding, right.
15:49Giving grace when we have to make a very difficult decision to, you know, have to postpone. And so I think, I think if we, if we got granular support is a ticket, literally is purchasing a ticket. If you can't come, maybe purchasing a ticket for a friend or bringing a school, you know, and it's only a fraction of it, but it actually is like, it's really important for us to continue to support by us for us. And so, you know, with the rollbacks with DEI, yes, a lot of large corporations are not able to fund things that we've been doing however what does it look like if we just funded it ourselves as a community right and so we know we've been validated by our community that what we've created is like magic and it just feels good and it feels good but it's also education right we're very very mindful of the thumbprint that we're putting on for you know the next generation right the little girl who will wear her hair natural because now she sees that and so how do we keep that going so what's the pathway forward because okay in the climate Donald Trump's still president for the next three years right so the DEI thing probably is not going to get any better no and it's also a recession so spending habits is actually decreasing as well right like that's having an effect on events across the board also.
17:30So from consumers spending less money and corporations spending less money, how do you see a pathway forward to actually ramp back up? Yeah. So, I mean, we're working through what that looks like. I think it's just setting expectations that CurlFest may look a little different in the years. I think a big thing that Melody mentioned was having grace. And part of these conversations is to kind of humanize what it looks like to be an entrepreneur and it's not this big corporation. These are three black women who are trying and, you know, carrying this business on our backs because it's bigger than us.
18:04And so when CurlFest does look different, right? And the reasons why, let's have these conversations now proactively about why it's looking different. It may not have, you know, 35 sponsors on the lawn. We may have three, right? But what we do have and we'll always have is community, which was the heart of the event anyways. And, you know, we'll just build it back. I think we've got through we've got through COVID. We've got through a pandemic. Right. Yeah. All of these things and the economy, inflation, all of these things. And we'll get through this, too. It's just, you know, being for us, I think for the last several years, we've gone through so many hurdles that we haven't talked about.
18:44Everything. Yeah. Everything that we could happened has happened but we've always kind of take the stance like let's have like this very polished message PR message to the audience and a little bit like ambiguous about what's happening but I think we wanted to take a shift away from that this year and be a little bit more transparent about the process and the struggles and where we need support because it's not a victim story it's really just like this is what it is this is the reality and we know everyone also has their own reality because if you have to decide between a curl fest taking and buying eggs obviously you buy the eggs right but we're not asking folks to do that but support could look like a different a number of different things if it's not a ticket it's a like on a post because also the algorithm has changed from a few years ago too back from when we used to launch the event and used to sell out 30 000 tickets in in two days now it's a post could be out for a month and no one sees it And so resharing, you know, using, you know, the different ways to have organic reach is also a way to support us as well.
19:52Was there anything that surprised you? I mean, you're very much grounded in reality, but you've had, I don't want to call them sponsors at this level, right? Because somebody's with you for more than five years. This is a partnership. Partnership. So like, were there partners who you were with and you come to, you know, the past couple of years and they're no longer there? Was there a surprising factor or are you just like, this is somehow, sometimes out of the cookie crumbles a little bit? Some of you were surprised. Some of you were very surprised. Some of you were very surprised. Yeah. Folks who have been with us since the beginning.
20:21Day one. And said all of a sudden they can't work with us. And sometimes it's not their decision. We also saw a lot of businesses get acquired in the last several years. And that's just the nature of the way you do business sometimes, too. Nobody talks about exit strategies. And the goal is sometimes to get acquired. And maybe if that does happen, you may not have the say to say, I really want to do CurlFest this year. You may not have that level of power anymore. So we've seen that happen with a number of beauty brands in the past that have been with us since day one. The other part of it, it was like a second part of the question is that from a competitive landscape, obviously Curl Fest was for me the first and the biggest.
21:10And I'm still going to look at it that way. But from a competitive landscape, as you start seeing people pop up with beauty festivals and beauty conferences and they don't look like you. Tell me the realities that you face when you see things like that happen. Yeah. I mean, it's just the reality, right? If you've built something at some point, at some turning point, there will be something that perhaps maybe mirrors it or it touches it. I think one of the things that has also been interesting for us is, you know, we talk about obviously our women are our number one supporter, but the men are there too.
21:47And so we've had events where we've had activation specifically for men for hair and beards and things of that nature. We also have an empowerment stage, right? And there we talk about very real aspects of our community. That isn't necessarily centered on here, but is it about, you know, empowerment? Is it about self-image? Is it about, you know, mental capacity? And so I say that to say that when you look at the aperture of who our audience is, it actually is larger than just the Black female with natural hair. And because of that, that means there's competitive when sponsors, depending on who they are, if it isn't just a black hair brand, there's choices for them to where they spend their money.
22:34Right. And so I think one of the challenges that we've had over the years, because we were fortunate enough to be trailblazers in this space, is, you know, brands are now seeing the importance of the black female, the importance of the billions of dollars of money that is spent on hair care. So they'll maybe have a little portion of their regular event in a pop up of a hair moment there. And I think everything can still coexist. I think what makes CurlFest different is literally the community. I think it's our community. I think it's the need, the voids that we're filling that at scale, I feel like some of the other places or touch points that hair brands may show up.
23:21It's not, it doesn't feel quite the same as when you support CurlFest. Yeah. And I think we get that question a lot. You know, what's your differentiating factor? Somebody else could come up with a festival that looks. And we've had a number of, you know, cease and desist going on last several years. Yeah. Folks are coming out with the exact name. Right. Curl Fest, Guyana, Curl Fest. Right. All over. Right. Logos, everything. So that's another conversation. But I think it's, you know, our authenticity is part of our differentiating factor. And there's no one that can kind of recreate that. And there's something special about the fact that this this is for a majority.
23:59Our demo is black women and it is created and founded and run by black women. I think that's also something that sets us apart. But it's a it's a challenge. I'll be lying if I say it wasn't a challenge that when somebody does come up with an event and we're like, wait, this looks like Curl Fest, you know, and then we question, like, are we doing the right thing? Do we need to add something different? You know, will our fans know the difference and all of these things? And we have these conversations all the time. but there's also something you know that you i think there's there's uh there's a level of like um uh i was there was a level of comfort in knowing that what you created was created by us and no one else can recreate that magic something that's maybe not even tangible um just like no one could create another invest fest it would never be another troy Look in the camera.
24:55Create another investment. Right. Like they could try, but it'll never be the same. So I'm with you on that. Yeah. So what's the state of black women's hair? Like as far as when we first talked, I mean, obviously there was a lot of attention. I think Chris Rock did that documentary. Yeah. You know, billions of dollars. is it the same level of enthusiasm in regards to the business of the hair or has that kind of died down a little bit? Yeah, so the business of hair, I wouldn't say it has died down. There's ebbs and flows about like the natural hair movement when it has, you know, just caught on.
25:34And I think we're a little bit spoiled being in New York, you know, it's just kind of the norm now, you know, and everybody is so fluid. It is not the norm, though, around the world either. There's still conversations. There's still conversations being had in boardrooms and corporate, you know, walls as well about hair and what is deemed kept and unkempt. And so there's still work to be had. I think the business of hair care in general hasn't died down at all. It's actually increased. Right. I think I think this last that I read was like black women spend nine times more than any ethnic group in beauty and personal care.
26:10and is just continuing to move in that direction. What that looks like with beauty, whether you're wearing curls or 20-inch bust down, it really doesn't matter. Like a Black woman, I think hair is an identifying factor for Black women much more than just aesthetics. It represents who you are. It represents where you come from. It represents my mother and my mother's mother, you know, and stories and creativity and growing up. And I remember this, you know, there's a nostalgia with, you know, your hair as well. So I don't think that's going anywhere. Yeah, I'm not sure if 20 inches is a bust now.
26:49You gotta be like 30. 30? Yeah, I thought 20. Oh, it's been a long time. I know, I'm overdue. When you give those numbers, obviously you have a wife, you have a daughter. Yeah. Braves is expensive. Everything. It's just expensive. Yeah. And like you said, that number is going to continue to increase as more people look at opportunities for entrepreneurship. to create in that space. Yeah. I want to talk about something that is important and it's something that we've actually had looked into when we were creating the event is the timing of it. Because summer is usually when you see a lot of music festivals.
27:24Yeah. A lot of people are going on tour. A lot of Black events are happening. Yeah. And so you're right in smack in the middle of that. And so talk about the timing of it in terms of why you chose to do it when you did and competing with some of those people who are fighting for those same sponsorship dollars that you are looking for. Yeah, yeah. Well, when we think about New York Curl Fest, you know, it's funny, right? When we first, first conjured up the whole idea, we called it a picnic in a park. Like if I gave you the flyer that I made back then, And we literally said Curl Fest, a picnic in the park, which is kind of ironic, right?
28:09Because we called it Curl Fest. So it almost manifested itself before we even realized what it had the potential to be. And I only bring that up because the grass aspect of it, the summer aspect of it, is actually a pillar for what we've been able to create. And so that puts us in the summer month for New York. Obviously, you know, goals and aspirations to expand to other countries and continents, you know, we'll have a little bit more leeway in terms of that. When we did Atlanta, Atlanta was in September. That's great. Yeah, September 20. Was that 2019? 2019. 2019 as well. Yeah. Yeah, 2019. And so, you know, when we think about, OK, what, you know, what's the formula for Crowfest?
28:54Like what has to be true for it to feel like Curl Fest, to not feel like maybe a convention inside, right, or a symposium. And so the outside sort of grounding of the earth is a part of it. So what, you know, what that means is tough decisions, right? What that means is early pitching. What that means is continuing to try and, to be honest, convince some partners that there's a need. Our audience is a spending audience. They come with intention. We have stories for days of, you know, partners that come on the grass, whether that's a small business or a large business. They bring in boxes and boxes and tons of product.
29:42When it's time to load out, they're loading out with nothing. And so I think when we think about it, there's an economic part of it that we can deliver. We know that we have a primed audience who is in need of service. And so you're going to check that box when you come to CurlFest as a sponsor. I think when you think about there always will be something. So it's like, okay, well, if we don't do it in June, what if we do it in July or something else? Oh, okay, how about August? There's always going to be something. And so I think for any entrepreneur out there, yes, there's ebbs and flows. There's things you have to ship.
30:23You have to be fluid. But at the same time, at some point, you have to feel confident in what you've created. Otherwise, why wake up and do it? I was going to say the same thing. Every month, we've entertained. We've moved Curl Fest from July before. But there's always something, right? There's always something. There's always proximity to another event. And in the boardrooms where we're not in, you know, they probably have conversations like, listen, we only have money for one black event this year. Which one is it going to be? Right. And so it's really just being steadfast in like what you offer.
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30:56keeping and maintaining those relationships with the partners that you have so far and just moving forward with what you believe that you feel like is offering the most value to your your audience and your consumer everything else like this there's there's always going to be competition there's nothing really much we can do about that but it doesn't it i want to say that it's easy either like oh it's not at all that's probably part of like what is part of the the nature of business ever been flowing over the last few years as well for us and not really kind of getting back to where we were in 2019 yet we will but not yet but that's part of the conversation too so what is the business model to expand like even outside of a physical event like are there like tangible products is there an online community like is is there anything outside of just the one event?
31:49Yeah, so that's a great point. We do have some merchandise that we offer. What we are working on this year, and part of the kind of strategy is to put more time and effort into the other ancillary things, like having a membership. We already have a community, right? But we want to amplify that in a bigger way, so we're working on that, and hopefully that will be launched also with next year. All of the other things. I always say to Melody that, you know, Curl Fest may not be is our biggest, you know, identifying part of our brand. But sometimes festivals and things of that space may not be the moneymaker.
32:30somebody can have an event that large and bring in millions of dollars but the money maker are is the t-shirt sales and the food and beverage and your membership community and whatever ancillary things that you can branch off of your main kind of like identifying um brand position yeah yeah i think i think um we have a plethora of ideas yeah we are no no shortage of ideas over the years, I think if we're having a real conversation, it's the capital. And so even the non, yes, Curl Fest is our tentpole. A physical event is our tentpole. I still will forever think there's such power in human, in-person contact, right?
33:14And so, you know, I don't see a world in which that doesn't exist. But when you talk about the other pillars, right, whether it's a product, whether it's merch, whether it's, you know, online sessions, there's still capital that's needed to make those happen as well. They're almost little subsets of businesses. And so some of the work that we have been continuously doing is strategizing on how do we increase capital. One of those ways is, you know, I'm sure as you're growing this business and people are seeing the size of the audience, I'm sure people are approaching you trying to figure out how they can acquire the brand uh perhaps merge with the brand and add it to their portfolio how have those conversations gone for you post and pre-covid yeah we've had conversations fairly early on even I think prior to Curlfest maybe in our first year of Curlfest we had investors probably approach us um and you know those those we've gotten pretty close with conversations with investors we've never we still own 100 ownership of our business which is also you know i want to make sure that it's clear but the um it is difficult right because you i it's um a learning curve for us we have been built we didn't start out this business thinking it was gonna be a business we started out this business.
34:45It was something that we felt like we needed. It was a hobby. Let's do this fun thing. We need this community. And it turned into a business. So it was, and sometimes it happens that way. And so there was a little bit of like learning and unlearning that had to happen. We're building the plane as we fly it. And so if you asked us maybe six years ago, like, what's your valuation for your business? There'll be some off the wall numbers. Like our partners probably would have said at the time, like, I'm not getting an investor until we get, you know,$200 million valuation, which is not realistic. Right.
35:17And so I think part of the conversation is really, you know, what what are the real valuation numbers that you can assess? What is is it is the exit strategy or something that you thought of that is probably something that we think of more lately than we have in the past, because we built this baby up and we we start to stop saying, calling our business the baby because there's a there's a connection there as much as we we feel like it's much more than a business it's still a business right and so there's still impact that you can do even if you move in different directions so i think the investor conversation um is something we still get approached daily we are working on making sure that we have um we have the best numbers to back up any valuation that folks kind of try to offer us.
36:09I think as black women, we also have the barrier to have to overprove our worthiness in those spaces. And so we'll get lowball numbers all day. Right. And our counterparts may get, you know, like some crazy, you know, nine figure valuation for something that hasn't made a dollar in profit. Right. And so it's it's a it's a space that we are still kind of navigating. And, yeah, it's it's it's still a learning curve for us. Yeah. Yeah. I mean, the only thing I would add is there's also. When you think about any partnership in any any capacity, if you're still going to be a part of it, whether it's, you know, sometimes the approach where the offers were majority.
36:57Right. And so we know we do know to a certain degree what that means. Right. And so knowing communities at our center and what we've done to build this empire that we've been able to create, this movement that we've been able to create. How do you scale, grow, potentially do a shared investment, but also keep the integrity of it? And that's a very real thing. And I mean, most, you know, within our community specifically, black community specifically, we can all think of numerous brands that were for us, by us, and they've, you know, sold to big corporations. And, you know, there's mixed feelings from the, you know, community as to whether or not was right choice or not.
37:46Has their product changed? That's a big headline. It's no, this is no longer the same. They sold out. They changed the formula. Changed the formula. And so, of course, life is about change. We're not expecting to look and be exactly what we were. However, I think when we think about something, a big decision like that, because when we started, it wasn't a business. that means the drive, the passion, all of that, what our core is, isn't just a money driving thing. Right. And so, I mean, if it was, we would be doing it full time. But this hasn't been we haven't been able to do it full time. Right.
38:25In terms of paying our our personal salaries and things that nature. But what we know is what we created is bigger than us. And that's the fuel that keeps us going. But when you think about, you know, a potential investor, I think it is important that like whatever that partnership is, that there's core values that are shared, that we feel as if the next evolution of what we built will at least come from the same space. what about like the elements as far as rain stuff like that how does that play in insurance and you know doing an event we never did an event outside and one of the reasons why is because of that right so what how does that play in yeah it's tough sleepless nights i'm like the director of operations right and the creative director for the business um it's super tough.
39:22There's so much unpredictability in events in general and adding the weather is another element that you, it's sleepless nights. We've had, you know, oftentimes venues that we work with, you can't, there's no rain day, right? That's it. And then, you know, we have insurances that we, you know, that are enormous numbers that we have to pay for in case that there's a a natural disaster or a weather condition where folks have to evacuate and then they may get some of the portion of the ticket sales back we may get that but we wouldn't get fully 100 % reimbursed at all it would be a significant loss even with the insurance um and some weather conditions we've we've gone through every weather oh yeah the monsoon right yeah i mean it was literally like I mean, through God's grace, no one got hurt.
40:16But probably one of our very first Curl Fest back in Prospect Park. We don't really talk about it much, but we have pictures of those times. And right when Curl Fest was about to be over, we had a great day and then the sky opened up. And it was literally a hurricane that came through. Trees falling, things. Everybody had to run to safety. And we couldn't clean up the place. the cleaning crew had to leave, right? And everyone had to go run to safety. Like, things flying literally everywhere. We get back to... Should I tell the story? It's over. So we get back to, you know, like, four in the morning.
40:59Okay, guys, stop raining. Let's go clean up. And it's a disaster. Disaster. It is a disaster. There are things everywhere. At that time, Curl Fest was free. And so folks could bring in whatever they could bring in, right? And the one thing they called it in Brooklyn was they they call them the dog walkers. Right. There's demographic of folks that would be up at five in the morning. Just make sure the place is clean at Prospect Park is back to where it used to be, what it looks like before the first dog walker hits the grass. And that did not happen. And all all we saw were the dog walkers out there with pictures with our brand on the ground.
41:41Right. Taking pictures and sending them to all these communities all over social media, all of their, you know, not in my backyard communities that were like, we don't want this kind of debauchery back in our space, even though we it was literally a hurricane. Right. And so those are the types of things that started Curlfence. And it was like, we can never get through this again. We were like in tears, picking up trash with our hands. You know, like they might have been like, you know, we didn't have security at that time. So there was a liquor bottle next to a curl fence from Banner. That's what they associated.
42:16Right. That they didn't associate community and like beautiful spaces and family event. They associated, you know, this this event of color that came into our backyard and destroyed our park. So we had to get through that. You know, we did. We did. We had to rebuild the brand and move. Right. We begged and begged and begged to stay in Brooklyn. We still hear it to this day. Ten years later, we hear people saying it's never been the same since you left Brooklyn. Right. And the fact that the thing about it is, I mean, listen, I'm such an open book and I've gotten spanked for saying too much, but I don't care.
42:52Like, you know, we have tried. We went all the way up to, you know, the tops of the offices to beg to stay in Brooklyn and Prospect Park specifically. And they just don't want our type of event in that space. Well, they wouldn't allow us. They wouldn't allow us to enclose. And so obviously once we scaled beyond, you know, 800 people. It's a good event. There's safety, right? And so every human that touches on the grass, we are responsible for. Right. And so, yeah, the sea of crowds, when you see our videos and you actually don't see the grass because it's humans, every single human we're responsible for.
43:28and so we had to make decisions that have their safety our safety at the forefront but yeah I mean I think the great part about a story like that is when that happened it felt like there was no return it felt like close up shop how are we ever going to come back and we did and we will continue to do it so when we talk about like what is the landscape now okay DEI the orange man like all of it it's roadblocks It's roadblocks and we will figure out a way to push past it. Yeah. Does Crowfest, is it synonymous with New York? Does it have to stay in New York? I know you did Atlanta. What did we learn?
44:10What did you learn from moving it to a different city? Right. We did the Best Fest London. We learned a lot. Yes. Right. Like it was like, okay, obviously it's a shortened, more concise event, but there was a lot of different things. You're doing something international. Is that an option as well? Oh, for sure. Yeah, we always loved, like, it's the birthplace of Curl Fest to have at least one Curl Fest here. But yeah, Curl Fest on the road for sure. What we learned in Atlanta is that we have a beautiful community in Atlanta, too, that loves us there, right? It's probably like the hair capital of the United States, at least.
44:46And, you know, they loved us there. They opened us with, you know, open arms in Atlanta. And we love to come back. We love to be in a lot of places. And, you know, that's on the map. well thank you guys for coming before we leave tell her what can they expect as far as you know 2026 is there any waiting list website like you know yeah all of that so there's a pre-sale on curlfest.com c-u-r-l-f-e-s-t should I talk to you guys there's a pre-sale at curlfest.com special for folks who are riding for us for curlfest 2026 we need your support um we need your support early right and and if you can spare you know buy a ticket tell your friends share that curl fest is coming back you know understand like the who is behind the brand that we're here for y 'all and we're we're not going anywhere we're also working on smaller kind of community initiatives this year as well so look out for announcements on Curly Girl Collective, our Instagram page.
45:55Sign up to our mailing list on CurlFest.com and buy a ticket. Yeah. Yeah. And I want to say that we appreciate y 'all. And I told you this before, Simone, we probably had this conversation that watching you guys create an event helped inspire us creating events. And there was some details when we went to CurlFest when you bought the kids from the community center, right? And I was like, wow, that's incredible. I was like, we're doing an event. We got to do the same. And so we've been flying kids down from the community center to invest. So we appreciate y 'all for kicking down the doors. Thank you.
46:27And we're going to support you any way we can. Thank you. Thank you for having us. Yeah, of course. All right, guys. Thank you for rocking us. We'll see you next week. Peace. Peace. An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS-13 gang member from El Salvador accused of murdering a Texas man. A Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Kristi Noem, the United States Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded.
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48:23Prices, they're still high, and the economy is all over the place. But 2026 is the year for you to get intentional and make real progress. That's right. Each week, we break down what's happening with your money, the most important issues to focus on, and the small moves that make a big difference. Kick off the year with confidence. Listen to HowToMoney on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hello, hello, all my people. What's up? It's Questlove. Recently, I had the opportunity to sit down with the one and only A$AP Rocky. He reflects on his journey from Harlem roots to global icon status and discovering the hip-hop origin of his name.
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From the publisher
In this episode of Earn Your Leisure, we sit down with the founders of Curl Girl Collective to unpack the journey behind one of the most iconic cultural celebrations in beauty—Curl Fest. From humble beginnings to national recognition, they share the origin story of their collective and how they built a movement that resonates deeply with the natural hair community.
We discuss the business behind hosting large-scale live events, the hidden costs they faced, and the reality of still working full-time jobs while building Curl Fest. The founders open up about how DEI cutbacks and sponsorship losses forced them to pivot, cancel events, and rebuild stronger than ever.
They also break down how Curl Fest sets itself apart from other beauty festivals, what it takes to compete in the event space, and the importance of community. We dive into the challenge of access to capital, offers to buy the company, and the need to be intentional with partnerships.
This is an essential conversation for entrepreneurs, event organizers, and anyone invested in culture, community, and ownership.
Invest Fest Ticket Link: https://investfest.com
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