Lisa Price, founder of the beauty brand Carol's Daughter, talks with Carla Harris about her journey from home business to selling her company to the world's largest beauty brand, and the astounding reactions to that sale.

Welcome to season four of Access & Opportunity. Over the course of the season, we’ll be speaking with entrepreneurs who have successfully scaled and sold their companies, with a particular focus on the exit. In this first episode we talk to Lisa Price, the founder of one of the nation’s largest multicultural beauty brands, Carol’s Daughter.

In the late 1980s, Lisa was working in the television industry by day and formulating lotions and balms by night. After 35 years of building her brand, Lisa sold her company to the world’s largest cosmetic company, L’Oreal. We’ll take you on Lisa’s journey to entrepreneurship, the challenges she faced as she scaled her business, how she found investors, and how she managed to successfully exit. We’re particularly excited to talk to Lisa about the challenges she faced as a woman of color and the backlash she received when she ultimately sold her company. And finally, we discuss how her story is helping to change the narrative of wealth and success in underrepresented communities.

The guest speakers are neither employees nor affiliated with Morgan Stanley & Co. LLC. (“Morgan Stanley”). The views and opinions expressed herein do not necessarily reflect those of Morgan Stanley. The information and figures contained herein has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Morgan Stanley is not responsible for the information or data contained in this podcast.

This podcast does not provide individually tailored investment advice and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

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