Mariam Naficy
{{short description|American entrepreneur}}
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| nationality = American
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| occupation = Entrepreneur
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|alma_mater=Stanford Graduate School of Business
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| website = [https://www.linkedin.com/in/mariam-naficy/ LinkedIn profile]
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Mariam Naficy is an American entrepreneur. She is the co-founder and board chairman of Tonic.xyz, a fine art NFT gallery and community focused on generative art collections. {{Cite web |last=Chen |first=Min |date=2023-01-24 |title=Gagosian's Former Digital Lead Is Spearheading a 'Safe and Welcoming' NFT Marketplace With a Focus on Generative Art |url=https://news.artnet.com/market/tonic-fine-art-generative-art-nft-gallery-2246437 |access-date=2023-03-29 |website=Artnet News |language=en-US}}
Mariam previously was CEO and founder of the trend-setting online design marketplace Minted{{cite web|url=https://mastersofscale.com/mariam-naficy-the-money-episode/|title=Mariam Naficy: The Money Episode|publisher=Masters of Scale}} and prior to that, founded one of the first online cosmetic retailers, Eve.com, in 1998. Eve won kudos from media outlets such as Fortune Magazine and CNN for its site architecture and other innovations.
Early life and education
Naficy was born to Iranian and Chinese parents who are graduates of Georgetown University and were stationed abroad throughout Africa and the Middle East.{{cite news |title=Fortune picks woman for business acumen |url=https://iran-times.com/fortune-picks-woman-for-business-acumen/ |access-date=18 February 2023 |publisher=Iran Times}} Her parent was a United Nations development economist, and she spent her childhood in six countries, including Egypt, Tanzania, and Iran.{{Citation|year=2019|title=A Dot-Com Era Survivor Is Back With Minted, A $700M Stationery Startup For The Instagram Generation|work=Forbes|url=https://www.forbes.com/sites/bizcarson/2019/01/23/a-dot-com-era-survivor-is-back-with-minted-a-700m-stationery-startup-for-the-instagram-generation/#38ac305046f8}} She earned a degree in political science from Williams College, and then proceeded to pursue her master's degree from the Stanford Graduate School of Business in 1998.{{cite news |last1=Feloni |first1=Richard |title=The 25 Most Successful Stanford Business School Graduates |url=https://www.businessinsider.com/famous-stanford-business-school-students-2014-9#after-graduating-in-98-mariam-naficy-founded-the-crowd-sourced-design-company-minted-she-sold-her-online-makeup-retailer-evecom-for-a-reported-110-million-in-2000-22 |access-date=18 February 2023 |publisher=Business Insider |date=9 September 2014}}
While in business school, Naficy published The Fast Track: The Insider's Guide to Winning Jobs in Management Consulting, Investment Banking, & Securities Trading, which has sold 50,000 copies.
Career
Naficy worked as an investment banker at Goldman Sachs early in her career.{{cite news |last1=Marino |first1=Jonathan |title=This Wall Street bank is minting startup founders |url=https://www.businessinsider.com/goldman-sachs-alumni-leading-startups-2015-11 |access-date=18 February 2023 |publisher=Business Insider |date=3 November 2015}} In 1998 at the age of 28, she co-founded Eve.com, which later sold for $110 million to Idealab in 2000. {{cite news |title=Minted: Mariam Naficy |url=https://www.npr.org/2019/12/06/785607378/minted-mariam-naficy |access-date=18 February 2023 |publisher=NPR |date=9 December 2019}}
She led project management at Movielink, a 5-studio consortium, including Sony Pictures, Warner Brothers, Universal that was one of the first downloadable movie services. {{Cite web |last=Bloom |first=David |date=2002-07-24 |title=Movielink adds to exec ranks |url=https://variety.com/2002/digital/people-news/movielink-adds-to-exec-ranks-1117870157/ |access-date=2023-03-29 |website=Variety |language=en-US}}
After that, she was Vice President and General Manager at The Body Shop, launching their first e-commerce business in 2004.{{cite news|work=San Francisco Chronicle|title=Mariam Naficy went from makeup to Minted.com|url=http://www.sfgate.com/style/article/Mariam-Naficy-went-from-makeup-to-Minted-com-3166110.php | first=Regan|last=Mcmahon|date=November 14, 2010}}
Naficy founded the online stationery store Minted.com in 2008.{{Cite web|url=https://www.gsb.stanford.edu/insights/mariam-naficy-tech-startup-mintedcom-crowdsources-artwork|title=Mariam Naficy: Tech Startup Minted.com Crowdsources Artwork|website=Stanford Graduate School of Business}} It stalled at first, but grew to 400 employees by 2019.{{Cite news|url=https://mastersofscale.com/mariam-naficy-the-money-episode/|title=Mariam Naficy: The Money Episode {{!}} Masters of Scale podcast — WaitWhat|work=WaitWhat|access-date=2018-03-19|language=en-US}} {{Citation|year=2019|title=This Founder Almost Shut Down Her Design Business After Year 1. Now It Has 400 Employees and a 9-Figure Revenue |publisher=Inc.com|url=https://www.inc.com/christine-lagorio/minted-mariam-naficy-founders-project.html}} Raising $208 million in 2018, it was the largest funding transaction that year involving a startup led by a female founder.{{Citation|year=2019|title=Funding For Female Founders Stalled at 2.2% of VC Dollars in 2018|publisher=Fortune|url=http://fortune.com/2019/01/28/funding-female-founders-2018/}}
Naficy sits on the Board of Directors of Minted, Medium, Victoria's Secret, and Every Mother Counts. She is a Trustee of Williams College and a member of the Advisory Council of Stanford's Graduate School of Business.
Works
- The Fast Track: The Insider's Guide to Winning Jobs in Management Consulting, Investment Banking, and Securities Trading, Broadway Books, 1997, {{ISBN|9780767900409}}.{{cite book|author=Earl G. Graves, Ltd.|title=Black Enterprise|url=https://archive.org/details/bub_gb_M14EAAAAMBAJ|date=June 1998|publisher=Earl G. Graves, Ltd.|pages=[https://archive.org/details/bub_gb_M14EAAAAMBAJ/page/n127 1]–|issn=0006-4165}}
Personal life
Her husband, Michael Mader, also works at Minted. They have two children.{{Citation|title=Parents|date=9 May 2014 |publisher=Entrepreneur|url=https://www.entrepreneur.com/article/233734}}
References
{{Reflist}}
External links
- [http://www.minted.com Minted]
- {{Medium}}
{{DEFAULTSORT:Naficy, Mariam}}
Category:American businesspeople
Category:Williams College alumni
Category:Date of birth missing (living people)
Category:Year of birth missing (living people)