Rich Gersten is a venture capital investor at True Beauty Ventures who has spent his multi-decade career focused almost exclusively on beauty and personal care investing, giving him a reputation as a beauty specialist who has backed numerous category-defining brands. He runs a highly concentrated, high-conviction portfolio and regularly appears on industry podcasts to educate founders about beauty exits and M&A realities, positioning himself as both a hands-on company builder and advisor on the practical aspects of selling to strategic buyers.
About their Fund
Sectors
Consumer, CPG / D2C, Health, Under-represented founders, Ecommerce
Rounds
Series A
Avg Check Size
$100K - $5M
Notable Investments
True Beauty Ventures is a beauty and wellness venture capital fund co-founded by a Latina former beauty operator and a long-time beauty private equity investor, creating an unusual 50/50 GP team that combines hands-on brand-building experience with decades of sector-focused institutional investing. The fund writes $1–5M equity checks into indie brands with ~$2M+ in revenue using a hybrid PE/VC model that applies private-equity-style deep diligence and concentrated bets while investing at early-stage VC check sizes, explicitly rejecting the "spray and pray" approach common in consumer VC.
Other partners at the fund
Notable Fund
Investments
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