She’s 14, Black and already a CEO. Her Columbia business just got a $200K investment

July 9, 2021

source: The State newspaper

Gabby Goodwin of Columbia received a $200,000 investment from television personalities Marcus Lemonis and Gayle King on a podcast episode of “One Hundred Percent with Marcus Lemonis” that aired Wednesday.

Goodwin is the 14-year-old CEO of GaBBY Bows, a hair product line that she started with her mom at just 7 years old when they had a problem getting hair clips to stay in Goodwin’s hair.

“I’m so excited about your business and what you’re doing,” King told Goodwin in the podcast, adding how she would’ve used GaBBY Bows as a young, Black girl.

GaBBY Bows started an innovative, two-sided hair clip designed to stay put in braids and now includes shampoo, conditioner, styling cream, scalp pomade and more.

After getting a lesson in pitching her product, Shark Tank-style, from King and Lemonis, Goodwin became emotional on the show when she was awarded more than the $150,000 investment she asked for. Lemonis promised incremental investments of $50,000 of up to $150,000 to GaBBY Bows as long as the company continues to grow, and King committed to a one-time $50,000 investment.

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And, check out this Podcast with Gabby and her mom from SCRIBBLE - South Carolina Innovation Hub. (article photos courtesy of SCRIBBLE)