Young Millionaires
Tarina Tarantino, 30 and Alfonso Campos, 30
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- Richard Allred, 36
- Phil Shawe, 30, and Liz Elting, 33
- Alexis Abramson, 32
- Andrea Keating, 38
- Brad Aronson, 28
- Walter Latham, 28
- Tarina Tarantino, 30 and Alfonso Campos, 30
- Per Welinder, 36 and Tony Hawk, 31
- Dennis D'Alessio, 34
- Rosemary Jordano, 36
- Mike Manclark, 35
- David Watkins, 31
- John Jerit, 37
When the entrepreneurial bug bit Tarina Tarantino, she'd
already made quite a name for herself while working at a cosmetics
store in L.A.-and not just for her talents as a makeup artist. The
creator of Los Angeles-based Tarina Tarantino Designs used to wear
her bug-shaped jewelry and hair accessories to work-but she'd
come home bugless, having sold her bejeweled treasures to customers
eager to decorate their hands and heads with her creations.
Turns out, retail stores and Hollywood costume designers were just
as eager. "At the time, there were few hair accessories on the
market that were ornamental and pretty," says Tarantino, who
owns her company with her husband, Alfonso Campos. "There was
such a void in the marketplace that when we showed these pieces to
the stores, they jumped on them."
Even now, Tarantino doesn't fret about competition. "There
aren't many designers that make high-quality, funky, fun
costume jewelry," says Tarantino, who expects sales of $5
million this year, up from last year's $1 million-plus. "A
lot of them are trying to look real; we're not trying to do
that. Everything we make is whimsical and unusual."
That's not to say it's been a breeze for Tarantino and
Campos. After starting in 1992, orders flooded in-more than they
could handle-and banks all but scoffed at their loan requests.
"We had $50,000 worth of orders, and we thought 'Wow! This
is going to be it," says Campos. "They looked at us like
'$50,000 is nothing, kids. Do you have any
collateral?'"
But all they had was $400 in the bank; a car, which they sold; and
the will to make their bugs fly. So they set up shop in their
living room, worked around the clock to fill the orders, and set
about marketing themselves to Hollywood costume designers and
magazine editors.
For the editors, the fashion-conscious pair sent out silk pillows
bearing Tarantino's creations. And for the designers?
"I'd set up appointments for them to see the line,"
says Campos, who found designers by watching the credits of TV
sitcoms. "They're busy and they don't have time for
you, so I'd tell them all I needed was one minute of their
time, and it would be the best minute of their lives."
They'd all laugh, says Campos, but the laughter would quickly
die down when he'd open his jam-packed box of goodies and blind
them with all the colorful, Swarovski-crystal creations. "It
worked-they said this was the stuff they tried to get their
assistants to look for all the time," says Campos. "The
rest is history."
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Young MillionairesFrom bootstrap to big time, our 2008 picks share their secrets to multimillion-dollar success.
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