Michelle Pacynski, VP, Digital Innovation at Ulta Beauty and Fund Advisor, Prisma Ventures and Agustina Sartori, Sr Director Innovation at Ulta Beauty and Managing Director Prisma Ventures joins us to discuss the role Prisma Ventures will play in driving innovation for ULTA Beaty.
How it Works
Prisma Ventures partners with early-stage startups that are primarily Series Seed and Series A technology companies within the following innovation pillars:
Personalized & Data Driven Technology
AR, VR & the Metaverse
Technology-Powered Custom Beauty Products & In-Store Services
Social Commerce
These pillars mirror Ulta Beauty’s digital innovation priorities and growth mindset, accounting for the majority of Prisma Ventures investments. The remaining investments are reserved for opportunistic technologies beyond the company’s core digital strategy to disrupt other facets of retail, beauty, or commerce more broadly.
The Ulta Beauty Prisma Ventures team will evaluate applicants based on five key metrics:
Alignment with a Focus Area: Companies that align with Ulta Beauty’s four primary innovation pillars
Leadership & Cultural Compatibility: The startups’ management experience, ability to execute, and cultural fit to enable successful collaboration
Diligence & Risk Assessment: Successful completion of diligence across functions such as legal, technical, and business
Business Plan & Scalability: Strength of value proposition, vision, plans to reach financial goals and scale
IP & Differentiation: Novel capabilities, patents, and technologies
To learn more about Prisma Ventures, please visit www.ulta.com/prisma-ventures.
Give it a listen and let us know what you think?
Podcast Guest
Michelle Pacynski
VP, Digital Innovation, Ulta Beauty
Fund Advisor, Prisma Ventures
https://www.ulta.com/innovation/
Agustina Sartori,
Sr Director Innovation at Ulta Beauty
Managing Director Prisma Ventures
https://www.ulta.com/innovation/
Podcast Hosts
Jeff Roster
Twitter https://twitter.com/JeffPR
LinkedIn https://www.linkedin.com/in/jeff-roster-bb51b8/
Website https://thisweekininnovation.com
Brian Sathianathan
Twitter https://twitter.com/BrianVision
Website https://www.iterate.ai
Podcast Website
https://www.podbean.com/pu/pbblog-f8asf-af2782
https://thisweekininnovation.com
Apple
https://podcasts.apple.com/us/podcast/this-week-in-innovation/id1562068014
Spotify
https://open.spotify.com/show/2QDqTUnt6jebdRHbRzSTJN
LaunchPadOne
https://www.launchpaddm.com/pd/This-Week-in-Innovation?showAllEpisodes=true
Listen Notes
https://lnns.co/2QPSfnizE5K
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