(In pic from left: Justin Timberlake, Rohan Oza, Sophia Vergara)
How do you go from borrowing money from dad to closing billion-dollar deals? Marketing mastermind Rohan Oza shares anecdotes from his journey.
“I am fun, but you can’t say that about yourself — others have to say it,” quips Rohan Oza. The American entrepreneur of Indian origin has a net worth of $200 million — and a magic touch in the business of celebrity branding. Check out the folks he hangs out with: Justin Timberlake is a good friend. He’s had a danceoff with Sofia Vergara. He works with Mark Cuban. And 50 Cent likes to joke that he was the one who made Oza famous. It is no laughing matter, however, to be called “the Hollywood brand father”, as he is frequently referred to by leading US media. Oza, on his part, cemented his status as the go-to guy for celebrity branding, transforming A-list celebrities’ branding partnerships into gold.
“When I met 50 Cent, I had no money, I was broke and borrowing money from my dad,” Oza tells ETPanache during a visit to the city earlier this year. “For me, it all started with 50 Cent and Vitamin Water. 50 took the risk on himself and said ‘All good. I’ll do my thing’. I thought how much can this guy make? Well, apparently a lot.
When we sold the company for $4 billion, he made a lot of money. I won’t tell you the exact number because we have a deal: I don’t reveal the exact number and he doesn’t beat me up (laughs). I think that’s fair. Although he does credit himself for making me famous. He tells me, ‘Now that’s some Slumdog Millionaire stuff’.”
Taking A Stand: How Tech Bosses Brought About A Change
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A culture revolution doesn’t always begin on the outside. Sometimes, accountability comes from the inside, as these powerful tech giants discovered.
A culture revolution doesn’t always begin on the outside. Sometimes, accountability comes from the inside, as these powerful tech giants discovered.
Earlier this year, Microsoft came under scrutiny when over a hundred employees published an open letter calling on the company to cancel its contracts with the US Immigration and Customs Enforcement agency. “We believe that Microsoft must take an ethical stand, and put children and families above profits,” the letter said. CEO Satya Nadella (in pic) defended the contract stating, “Microsoft is not working with the US government on any project related to separating children from their families at the border.” Nadella did not commit to more transparency.
Earlier this year, Microsoft came under scrutiny when over a hundred employees published an open letter calling on the company to cancel its contracts with the US Immigration and Customs Enforcement..
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Earlier this year, hundreds of Amazon employees signed an internal letter demanding that the company stop selling its facial recognition surveillance software — Rekognition — to law enforcement agencies. “As ethically concerned Amazonians, we demand a choice in what we build and a say in how it is used,” they wrote. Despite the outcry, Amazon executives have skirted around the issue saying that it is the responsibility of the US government to specify the regulations needed around facial recognition.
In pic: Amazon CEO Jeff Bezos
Earlier this year, hundreds of Amazon employees signed an internal letter demanding that the company stop selling its facial recognition surveillance software — Rekognition — to law enforcement agenc..
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Last month, Facebook executives came under fire when the company’s VP of global public policy — Joel Kaplan (left) — was spotted publicly supporting Judge Brett Kavanaugh as he testified before the Senate. Kaplan’s appearance raised eyebrows and resulted in a strong backlash among employees with some viewing Kaplan’s show of support as an endorsement from the company itself. Following the outrage, Kaplan apologised and defended his actions, claiming that he had attended the hearing as a close friend of Kavanaugh. “I’ve talked to Joel about why I think it was a mistake for him to attend given his role in the company. We support people’s right to do what they want in their personal time but this was by no means a straight-forward case,” Facebook COO Sheryl Sandberg (right) wrote in an internal post.
Last month, Facebook executives came under fire when the company’s VP of global public policy — Joel Kaplan (left) — was spotted publicly supporting Judge Brett Kavanaugh as he testified before the ..
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Last week, more than 20,000 Google employees staged a worldwide walkout over reports that former executive Andy Rubin (left) received a handsome $90 million severance package in 2014, despite sexual misconduct allegations. Reacting to the protests, Google CEO Sundar Pichai (right) said, “People are walking out because they want us to improve and they want us to show we can do better. We’re acknowledging and understanding we clearly got some things wrong.” Shortly after, Google announced new sexual harassment policies for employees including a crackdown on alcohol at work-related functions.
Last week, more than 20,000 Google employees staged a worldwide walkout over reports that former executive Andy Rubin (left) received a handsome $90 million severance package in 2014, despite sexual..
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Netflix received a lot of pushback when it was discovered that its “unlimited parental leave” policy — which allowed new parents to avail of unlimited paid leave for the first year following the birth or adoption of a child — only extended to “salaried streaming employees” and not to those in the DVD or hourly workforce. Over 1,08,000 signatures were collected protesting the two-track policy. Netflix tried to defend its actions claiming that DVD workers received a minimum of 12 paid weeks of maternity and paternity leave. But the company bowed to the backlash and upgraded its parental leave policy for hourly workers and those in the DVD business.
In pic: Netflix CEO Reed Hastings
Netflix received a lot of pushback when it was discovered that its “unlimited parental leave” policy — which allowed new parents to avail of unlimited paid leave for the first year following the bir..
According to Oza, this crossover from celebrity to entrepreneur is a smart one. “I think most celebrities have the ability to transit into the business and entrepreneurial world and more and more are doing it these days,” he says. Oza credits 50 Cent for changing the game and making celebrities realise they could significantly increase their value. “They realised they could add another zero or in some rare cases, two zeroes, to how much they were getting paid through equity. But it’s a gamble. The smart ones — I have worked with Justin Timberlake, Jennifer Aniston, Madonna — all understood and believed in their brands and they took the skin in the game.”
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While he’s successfully managed to turn many celebrities into businesspersons, channelling his vision and theirs, there have been times when Oza has missed out on a great deal — and it hurt. “It’s very stressful. Do you ever fully get over it?” he asks, and then recalls one such incident that he has found hard to shake off: “A friend offered me the opportunity to invest in a ride-sharing app five years ago. And I texted him thinking I would put some money in it. He didn’t respond. So I texted him again. Didn’t respond. So, I said forget it. How much am I going to make out of this ride-sharing app? Turned out to be Uber. You can’t get over it. When I tell people about it, it’s cathartic,” he says with a laugh.
How does he deal with the disappointment? “When deals don’t go the way you want, you need to have an exit channel. For me, it’s hanging with close friends, dancing [which is a big part of what I do]. Socialising with friends and escaping is my way of moving forward. If you just work the whole time, your brain never recharges.” Moving forward, Oza says that the next big segments that will make a positive disruption are food, tech and health care. “These are going to be the Big Three.” He adds, “Ninety per cent of the things on shelves these days are not good for you. They are full of chemicals, preservatives, high sugar and so on. I think the brands of yesterday will not be the brands of tomorrow, especially when it comes to food, beverage and beauty. Globally this is happening. America is already there, trying to create a solution — maybe because we started a product that is so bad and now we are trying to come up with a solution.”