History. Dollar Shave Club was founded by Mark Levine and Michael Dubin. The pair met at a party and spoke of their frustrations with the cost of razor blades. With their own money and investments from start-up incubator Science Inc., they began operations in January 2011 and launched their website in April 2011.

Dollar Shave Club "Shave time. Shave money."

Dollar Shave Club founder Michael Dubin is very serious about his hilarious offbeat advertising. You expect Michael Dubin to be funny. After all, he wrote, produced, and starred in one of the funniest and most viral commercials that's ever been posted on YouTube, a 2012 ad for his company, Dollar Shave Club.

Once a private company, Dollar Shave was purchased by Unilever in 2016 for approximately $1 billion. Unilever kept the club intact and it has remained a key player in the shave-subscription space with an estimated 4 million members, according to the company.

This business model made it possible to provide cheaper razors for consumers, since competitors like Gillette had to deal with the higher costs of retail distribution. Offering a subscription model in their space was a smart strategy that allowed Dollar Shave Club to take over more than a third of the razor market.

Dollar Shave Club's supply model is also highly cost-effective. The company sources its blades and other men's grooming products from China and South Korea, and manages inventory from a single distribution center.

Dollar Shave Club was founded by Michael Dubin and Mark Levine to solve a very basic problem: men were frustrated with the high cost and inconvenience of restocking razor blades.

According to its CEO and founder, Iskra Tsenkova, a San Diego resident, she made her way to Los Angeles last summer to pitch her company to a panel of investors. Tsenkova was Christmas shopping with her husband when she learned that her business was chosen to appear on the show.

Co-Founder of Dollar Shave Club, Property Developer, Residential Designer, Landscape Designer, Hardscape Designer & Interior Decorator.

A major development was reported between late July and early August, when it was announced that Gillette had lost $5 billion in quarterly sales, resulting in P&G giving Gillette an $8 billion non-cash writedown in terms of valuation.

For Jeff Raider, his worst day just happened to be his wedding anniversary. Only two months after launching Harry's in 2013, Raider recalls, razor maker Gillette slammed the company with a lawsuit, alleging it had stolen Gillette's patent.

Unilever waited too long to expand into brick-and-mortar stores, unsuccessfully attempted to stretch the brand beyond shaving products, and underestimated how Dollar Shave Club's high customer acquisition costs would make turning a profit difficult.