Elias Neibart is a successful entrepreneur and business executive with a wealth of experience in starting, scaling, and leading companies. In this exclusive interview, he shares his insights on entrepreneurship, leadership, and success.
Early Life and Career
Elias Neibart grew up in New Jersey and attended the University of Michigan, where he earned a bachelor’s degree in Business Administration. After graduation, he worked for several companies in various roles, including as an analyst at Goldman Sachs and a consultant at McKinsey & Company.
In 2012, Neibart co-founded a technology startup called Modabound, which he later sold to a larger company. He then joined the e-commerce platform Jet.com as a director of business development, where he helped grow the company’s business and eventually sold it to Walmart for $3.3 billion.
Lessons Learned from Starting a Company
Starting a company is challenging, and Neibart learned many valuable lessons from his experience with Modabound. One of the most important lessons he knew was finding the right team. According to Neibart, “The team is everything when building a successful company. You need people who share your vision and are passionate about what you’re doing.”
Neibart also emphasized the importance of adaptability and willingness to pivot if things aren’t working. He noted, “You have to be willing to change your approach if you do not see the desired results. It’s important to be flexible and open-minded.”
Leadership and Management
Neibart has held leadership roles in several companies, including as a director at Jet.com and as a co-founder of Modabound. Regarding leadership, Neibart emphasized the importance of setting a clear vision and empowering your team to achieve it.
He said, “As a leader, it’s important to set a clear direction and give your team the tools and resources they need to be successful. But you also have to trust them and give them the autonomy to make decisions and take ownership of their work.”
Neibart also stressed the importance of creating a positive culture within your organization. He said, “Culture is everything in a company. If you create a positive, collaborative, and supportive culture, your team will be happier, more productive, and more likely to stay with the company for the long-term.”
Advice for Entrepreneurs
For aspiring entrepreneurs, Neibart had several pieces of advice. He emphasized the importance of doing something you’re passionate about and building a company around that passion. He also stressed the need to be persistent and focused on your goals, even when faced with setbacks and challenges.
Neibart also advised entrepreneurs to seek mentors and advisors who can provide guidance and support. He said, “Having a mentor or advisor who has been through the entrepreneurial journey before can be incredibly valuable. They can help you avoid common mistakes and provide guidance and support when needed.”
The Future of Entrepreneurship
As someone who has experienced the ups and downs of entrepreneurship firsthand, Neibart is optimistic about the future of entrepreneurship. He believes technology will continue to play a crucial role in creating new opportunities and driving innovation.
Neibart also believes that the pandemic has accelerated many trends that were already underway, such as the shift to e-commerce and remote work. He said, “The pandemic has forced companies to be more agile and adapt to new ways of doing business. I think this will create more opportunities for entrepreneurs who can identify new needs and find innovative ways to meet them.”
In conclusion, Elias Neibart’s insights from his experience as a successful entrepreneur and business executive provide valuable lessons for anyone who wants to build and grow a successful company. His emphasis on building a solid team, being adaptable, setting clear goals, creating a positive culture, and seeking mentorship are all critical components of successful entrepreneurship. As technology continues to drive innovation and new opportunities, Neibart’s optimistic outlook on the future of entrepreneurship offers hope for aspiring entrepreneurs looking to make a positive impact on the world through their businesses.