From Ami Colé's Closure To SKIMS Beauty: Diarrha N'Diaye's Journey Reveals Myths On Black Founders And Venture Capital

[ad_1] by BLACK ENTERPRISE Editors November 13, 2025

The founder shares why elevating $1M wasn't sufficient

By Noel Walker

A fast Google search of Ami Colé reveals that with $1 million in monetary backing, the model stuffed a void, bringing much-needed merchandise to the Black magnificence business. So when information broke on July 17 that founder Diarrha N’Diaye was closing the model and could be off Sephora cabinets in September 2025, the wonder neighborhood was gutted. N’Diaye‘s self-authored piece in The Reduce requested a query that reverberated throughout the business: “My magnificence model supplied Black ladies shades they couldn’t discover elsewhere. Why wasn’t that sufficient?“

At present brings a special headline. SKIMS introduced N’Diaye as govt vice chairman of Magnificence & Perfume, efficient Nov. 3, the place she’ll lead product growth and model technique for Kim Kardashian’s magnificence enterprise. However weeks earlier than the press launch, N’Diaye sat down with BLACK ENTERPRISE to debate what actually occurred with Ami Colé.

The Therapeutic Mindset and the Sample Recognition Lure

The trail to elevating that million {dollars} started someplace sudden: remedy. Rising up in a Senegalese household the place asking for cash was culturally taboo, N’Diaye discovered herself preventing psychological obstacles earlier than she may even take into consideration pitch decks.

“For me, it took actually nearly like a therapeutic mindset of, OK, why am I asking for cash? I’m not asking for charity, for private profit. That is actually for the enterprise,” she explains to us in an interview. The breakthrough got here from reframing capital solely—not as a handout however as power. “The unlock was excited about capital as power. So if I’m going to convey one thing to life, you actually want a battery to ensure that factor is on, persevering with to go robust.”

This psychological shift remodeled how traders perceived her, as a result of in enterprise capital, insecurity has a price ticket. “They’re going to know whenever you’re feeling insecure in regards to the ask or should you’re asking for too little,” N’Diaye says. “I don’t assume deserving is the phrase, however I do assume that they'll take benefit. There are various things like valuations and different deserves that might simply be reconsidered, otherwise you get the shorter finish of the stick.”

As considered one of solely 30 Black ladies to boost over $1 million throughout the pandemic, she carried statistical weight into each investor assembly. However being a part of that group didn’t imply traders could be lenient. It was fairly the alternative. “It was all the time the elephant within the room. Traders don’t like to speak about that; there have been so few solo ladies of colour,” she reveals. She really needed to be quadruple ready as a result of enterprise capital operates on sample recognition, persevering with to guess on the identical fashions that already work. Most pitches are “we’re gonna be the Uber of XYZ” or “the Glossier of XYZ” as a result of traders want you to plug into frameworks they already perceive. Once you’re constructing one thing genuinely new, you’re not simply pitching a product; you’re reeducating traders on why the unfamiliarity issues.

Regardless of working at Glossier in analysis and growth and actively attempting to tell apart Ami Colé’s DNA, traders defaulted to the best comparability anyway. “I actually tried to vary their mindframe as a result of I knew that we weren't going to be on the trajectory of a Glossier, eager to be a unicorn and all these metrics that in all probability wouldn't be true to this model by way of our intention, our pace, our cadence,” N’Diaye expressed. The comparability caught regardless.

With out entry to friends-and-family funding rounds, a bleak actuality for a lot of Black founders whose communities can’t present that preliminary capital, the stakes felt impossibly excessive. “It felt like actually zero to one million. Like, no in between,” she recollects. She constructed networks by means of former colleagues, elevating capital concurrently, enterprise panels, and crucially, the Clubhouse app throughout its pandemic peak. This was the start of The Black Magnificence Membership with Tomi Talabi, the place founders like Olamide Olowe of Topicals, Maeva Helene from Bread, and Abena Boamah-Acheampong from Hanahana Magnificence would pop in, sharing notes. After 150 rejections, the funding got here by means of. However securing the capital was just the start of laborious classes.

What They Don’t Educate You About Retail and Scaling

Touchdown in 250 Sephora doorways seems like validation. N’Diaye discovered that with out understanding retail equipment, even dream partnerships change into traps. Wanting again, she needs she’d began with 20 doorways as an alternative.

“Ask retailers what’s the naked minimal you might do each for dot com and in-store as a result of they’re two completely different beasts. I promise you, they provides you with a suggestion. Most retailers are grateful that you just’re asking these questions as a result of it exhibits a stage of intentionality and want to succeed,” she affirms.

However getting everybody aligned on the identical progress technique proved almost unattainable. Sephora operates with sure assumptions about stock and sell-through. Traders anticipate completely different trajectories. “You'll be able to’t have Sephora agreeing on one factor, however your traders agreeing on one other plan as a result of the maths received’t work, somebody’s going to be let down, and also you’re in all probability going to be burned out,” she says. With completely different traders who valued intentional progress over explosive scaling, all the trajectory might need shifted. “I'd go a special route. I’m a mother of two now. I'd not instantly ascribe to that mannequin of excessive progress, and I'd not achieve this alone. I do assume that in future ventures, I'd begin with a accomplice.”

Then there’s the info hole nobody desires to debate. When Ami Colé carried out inconsistently throughout markets, N’Diaye began asking questions the wonder business couldn’t reply. She factors out that main firms deployed job forces to grasp Latinx customers, conducting on-the-ground market analysis. That very same rigor by no means materialized for Black customers. “I feel there are solely about two to 3 Nielsen research on Black consumerism, particularly to magnificence. Even making my deck, I used to be scraping the web, bugging all of my associates who labored at company for entry to their MPD. The knowledge will not be even on the market.”

Essentially the most basic query remained unanswered: the place are Black and brown ladies buying? Sephora, Ulta, Amazon, TikTok outlets, the patterns preserve altering. Understanding how buying conduct shifts as Black ladies achieve financial mobility exists in group chats and word-of-mouth suggestions, however there’s no centralized analysis. “I don’t assume it's the model’s full accountability to grasp the market as a result of that’s not true for different markets or firms. If we actually care, let’s sit down, let’s determine it out. Like, I don’t assume anybody’s really doing the work for that.”

The aggressive actuality crystallized throughout a remedy session: “I felt like I used to be constructing a rocket ship with papier-mâché proper subsequent door to NASA.” On one aspect, LVMH-backed manufacturers like Fenty with nine-figure advertising budgets and world infrastructure; on the opposite, Ami Colé with enterprise capital and neighborhood devotion, couldn’t compensate for the useful resource chasm. “Fenty is wonderful, all these LVMH-backed manufacturers give good high quality merchandise, however they’re not touching the neighborhood and speaking to them the best way that I'm, which was a part of our level of differentiation. The issue is scaling that with out the machine. You may make the very best pancakes on the planet, however should you can’t afford lease, there’s no extra pancakes for anybody.”

A Totally different Mannequin for Black Magnificence Management

N’Diaye’s appointment as EVP of Magnificence & Perfume at SKIMS represents what she’d already recognized as obligatory: partnership and infrastructure. Kim Kardashian, who acquired Skkn by Kim from Coty Inc. in March and folded it into SKIMS, recruited N’Diaye particularly for her community-building method. “I would like SKIMS Magnificence to be a spot the place everybody feels represented, and there was no higher individual to assist us do this than Diarrha,” Kardashian stated in a press launch.

N’Diaye’s imaginative and prescient facilities on what she discovered by means of Ami Colé. “SKIMS is for everyone, and now we’re attempting to create magnificence for everyone,” she stated within the press launch. The position presents assets her unbiased enterprise couldn’t entry: infrastructure, capital, and the flexibility to scale inclusivity with out doing it alone.

The timing provides weight to what’s been occurring throughout Black magnificence. The category of 2020—manufacturers that emerged throughout the racial reckoning—have confronted unprecedented struggles. Former Glossier grantees Ceylon and The Established have shuttered. Hyper Pores and skin is crowdfunding for survival. The tragedy deepened in August when Sharon Chuter, founding father of Uoma Magnificence, was discovered lifeless at her Los Angeles house at age 38. On the time, Chuter was in a authorized battle alleging that in her 2023 medical depart, traders used her absence to sideline her and promote Uoma’s property to MacArthur Magnificence with out her consent. The case stays unresolved.

When requested whether or not this sample represents coincidental market forces or one thing extra deliberate, N’Diaye selected her phrases rigorously.” Hear, we stay in America. We all know that there’s a variety of dismantling that we’re nonetheless attempting to do, and the system can solely work if it really works on the high. We’re watching DEI being actually erased. So you may’t assist however to assume. I'd hope not, provided that it’s actually 2025. However I can’t assist however be actually observant.”

When N’Diaye informed The Enterprise of Trend that “nobody had the reply to methods to scale a various, melanin-rich model,” she articulated what the business refuses to face: these aren’t particular person failures, they’re systemic ones dressed up as market forces. Her new position at SKIMS might supply a special mannequin for scaling inclusivity in magnificence. Somewhat than unbiased Black founders navigating unattainable odds alone, N’Diaye’s place means that partnership with established manufacturers would possibly present the help construction that enterprise capital alone couldn’t ship. For Black founders watching this journey, her transparency reveals why nice merchandise and devoted communities nonetheless aren’t sufficient when the system itself hasn’t modified.