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How I Built This with Guy Raz

Babylist: Natalie Gordon. How a new mom used nap time to build a $500M business.

How I Built This with Guy Raz

Guy Raz | Wondery

Business

4.8 • 31.1K Ratings

🗓️ 3 November 2025

⏱️ 72 minutes

🧾️ Download transcript

Summary

In 2010, software engineer Natalie Gordon was pregnant– and fed up with the overwhelming baby aisles in big box stores.  So she quit her computer job to code the registry she wished existed. No pink-and-blue giraffes. No allegiance to a single store. Just a universal list that let friends give the real help that new parents need—from strollers to diaper services to dog-walking.

Natalie coded the first lines of Babylist during her son’s nap time. She managed customer support, pitched bloggers from coffee shops, and learned growth the hard way—first through affiliates, then with a pivotal Pinterest bet, and finally by taking on her own inventory (and all the headaches that come with it). Along the way she wrestled with hiring, firing, fundraising, and the identity shift from founder to CEO. Today, Babylist is one of the most trusted parenting platforms in the U.S., with a retail arm, editorial content, and a program for providing breast pumps. 

This is a masterclass in living a problem–and building a solution. 

You’ll learn:

  • How to spot a customer pain point and design an MVP around it
  • The power of slow virality
  • How to use a small seed round without losing control
  • The painful path from affiliate revenue to first-party e-commerce
  • Stumbles with hiring – and firing– as a first-time CEO
  • How paid growth works on visual platforms like Pinterest
  • How “controlling your destiny” justifies a hard shift in business model
  • How coaching and feedback helps you evolve from founder to leader


Timestamps:

  • 05:32 - Learning to solve hard problems at Amazon -
  • 08:28 - Sabbatical in Latin America: Natalie’s first (failed) business and what it taught her
  • 17:50 - A meltdown in a superstore → the Babylist “aha” moment
  • 19:40 - Designing a universal registry, dog-walking included
  • 24:42 - Blitzing the mommy blogs, a  “pregnant hacker” post on Hacker News
  • 30:01 - Why $140/month revenue felt like a victory
  • 39:18 - Going solo at an Accelerator, and the agony of early hiring and firing
  • 49:29 - From “slowly viral” to real scale, and how Pinterest helped
  • 58:09 - Affiliate links to in-house inventory → piles of bassinets in the office 
  • 1:01:57 - COVID’s unexpected windfall,  the health wedge (breast pumps & beyond)


This episode was produced by Kerry Thompson with music by Ramtin Arablouei. It was edited by Neva Grant. Our audio engineers were Patrick Murray and Jimmy Keeley.

 Follow How I Built This:

Instagram → @howibuiltthis

X → @HowIBuiltThis

Facebook → How I Built This


Follow Guy Raz:

Instagram → @guy.raz

Youtube → guy_raz


X → @guyraz

Substack → guyraz.substack.com


See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Wonderie Plus subscribers can listen to how I built this early and ad-free right now.

0:05.7

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:10.3

I know from all the people I've interviewed that hiring people with the right background is one of the most important steps in building a company.

0:18.8

Spend more time interviewing candidates to check all your boxes.

0:22.6

Less stress, less time, more results now with Indeed sponsored jobs. And listeners of this show

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will get a 100-pound sponsor job credit to help get your job the premium status it deserves

0:35.4

at Indeed.com slash how I built. Just go to indeed.com slash

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how I built right now and support our show by saying you heard about Indeed on this podcast.

0:48.4

Indeed.com slash how I built. Terms and conditions apply. Hiring, do it the right way with indeed. Startups move

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fast, and with AI, they're shipping even faster and attracting enterprise buyers sooner. But big deals

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bring even bigger security and compliance requirements. With AI changing regulations and buyers' expectations, Vanta knows what's needed and when,

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and they've built the fastest, easiest path to get you there.

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My listeners can get $1,000 off at Vanta.com slash H-I-B-T. That's V-A-N-T-A-com slash

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for $1,000 off. The origins of this podcast were once just a dream. That dream turned into the podcast and business

1:47.3

you're listening to today. Taking your business to the next level is a dream lots of us share,

1:53.2

but too often it remains just a dream. We hold ourselves back thinking, what if I don't have the

1:58.5

skills? What if I can't do it alone? Turn those what

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...

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