Jamie Kern Lima ’04 and Paulo Lima ’04: Distinguished Early Achievement Award

Jamie Kern Lima ’04 and Paulo Lima ’04: Distinguished Early Achievement Award


[MUSIC] [APPLAUSE]
>>I think you threw in an unremitting there,
as a testament to Dean Feldberg.>>Dean Feldberg.>>Yeah, wherever you are,
we used unremitting. Anyway I’ll be the faster
speech of the two of us. I just want to thank a few people because
this is definitely not a journey that we made alone. I would first like to thank my family, who’s over there with
cell phones recording.>>[APPLAUSE]
>>And we have a lot of family, so I won’t give names for everybody,
but there’s a whole bunch of you and we’re grateful for
every single one of you. I’d also like to thank our second family,
who’s the team at It, I think we’ve always run ourselves like a family business and
I think you guys are all family to us.>>[APPLAUSE]
>>And I think that for some of you it’s like, are you family? Are you It? Are you both? I don’t really know but
we’re definitely incredibly grateful for everything that all of you guys have done
for the past many, many, many, years. And this company would not have
been what it is without you guys, we’re really appreciative. And also to our new family from L’Oreal,
you guys have been the greatest partner. And I’m really looking forward
to 20 years from now when we accomplish things together that we
never even dreamed of doing before. So thank you to everyone, Xavier, Carol, thank you guys so much.>>[APPLAUSE]
>>And finally, I wanna thank Columbia,
thank you guys for this great award but thank you for
the university just existing. Thank you for
the mood lighting in stats class, for those of you have never been to Columbia. Definitely if you’re looking to find a
wife stats class, is definitely the place to go, especially on Thursdays,
it’s just a great, great place.>>[LAUGH]
>>And especially if Paul Thurman
is anywhere around, I don’t know if he’s here but definitely
it was a great way to do stats class. But on a serious note, it’s just
a wonderful place to find amazing people, the people that I got to know at Columbia,
not just Jamie, but everybody else. It was just a wonderful place to just
be for two years and just grow and learn and
learn to be the best version of yourself. And finally, I want to thank Jamie, I think if you’re going to be in
a foxhole with someone, to have the most wonderful person you’ve ever met
in your life be in there with you. It was really tough for
us in the beginning. When you look at our story now
things look like they were easy, they really weren’t easy for a long time. And I definitely don’t recommend writing
a business plan on your honeymoon and then not paying yourselves for
three years. And working out of a town-home
with one-year bridesmaids, it’s definitely not the way to go. It worked out well for us but
what we went through and how hard we worked and
everything we did in the beginning. I don’t think anyone else would
have done what you did and I really hit the wife jackpot when
I went to stats class that day. So that’s it for me,
I will leave the rest to you.>>[APPLAUSE]
>>And I just really want to say thank you to our parents and our family here
tonight for loving us, supporting us, my mom and dad, everyone here tonight,
thank you for believing in us. And I also want to thank
Columbia Business School, everyone that’s part of
Columbia Business School. This story of ours, it’s really
a fairytale, but it’s a fairytale of fearlessness, and a lot of that
is part of the Columbia culture. It’s really being fearless, not afraid
to take risks and do things differently. It’s really part of the Columbia Business
School culture, not only the students but also the faculty, all of the deans, also,
you guys, I have to give a shout out. You probably have people that
are really special to you when you were part of
Columbia Business School. And Paulo and I are honored that
the dean of admissions from when we went to Columbia Business School,
Linda Meehan, she’s here. She’s here, right over in one
of this tables, thank you for letting us in, thank you,
Linda, for being fearless also. Actually, when she accepted me,
I was an untraditional applicant, no one from my undergraduate school at
Washington State University had ever been accepted to CBS before. She went with her gut, and I will never
forget her phone call telling me I was accepted, I love you,
I’m getting emotional. But I thought I was gonna focus on finance
and I fell in love with interviewing alumni becuase so many of you guys in this
room have the most incredible stories. And just capturing those stories,
your stories, the stories of professors, and writing for
the paper it was great, I loved it. And when everyone graduated and got huge-paying jobs from
Columbia Business School. I decided to be fearless and take a job
in journalism and it didn’t pay anything. In fact it was a $24,000 salary out
of Columbia Business School and I used to worry about hurting
the school salary curve, actually, I’m pretty sure I did hurt it then but
not anymore. [LAUGH] And I want to say that
the person that I want to thank for being the most fearless
above it all is Paulo. Paulo had an amazing career,
he was so secure and rock solid and huge trajectory, he left it,
took a chance to start this dream of his. And then mine together to do things
differently in the beauty space and he was fearless so many times,
even in moments when I wasn’t. During all the years that retailers told
us, no, because we’re number 1 at QVC and Ulta. And number 2 at Sephora right now,
but we just launched. But it was years of no and he really, he was the fearless one too
that was really strong and kept me strong. And the years of running
the business in our living room, when we didn’t pay ourselves for
three years. I remember, actually, we were down
to our last $1,000, literally, and I didn’t know what was gonna happen. And Paulo was life-changing, in both of us
keeping our faith bigger than our fear. Speaking of fearless, I want to thank
our incredible team at It Cosmetics, many of them are here tonight.>>[APPLAUSE]
>>And also, our very first employee, Jackie Fennan who’s here tonight.>>[APPLAUSE]
>>She left a way better career at the time to take a huge risk and
start working at It in our living room, so I thank her for that. I want to thank Cara Hamilton and L’Oréal,
not just for acquiring It Cosmetics. But really for being fearless to acquire
a brand, doing things completely differently and going with your gut, and
fighting for our partnership to happen. And believing that we’re gonna change
women’s lives globally, and we’re so excited to do that with you. So Paulo and I feel so
honored and grateful and blessed to be in the company of each
of you in this room tonight and honored and proud and blessed to be
alums of Columbia Business School. So thank you so much for
this amazing recognition.>>[APPLAUSE] [MUSIC]

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