Building a $150MM Brand on the Foundation of Passion + Purpose with Karissa Bodnar, Founder of Thrive Causemetics
Dear FoundHer...Real Founder Stories for Women Small Business Owners
Lindsay Pinchuk
4.9 • 1.1K Ratings
🗓️ 19 October 2023
⏱️ 40 minutes
🧾️ Download transcript
Summary
“I wish there was a beauty brand I could go work for that was rooted in philanthropy.” It’s the desire that led Karissa Bodnar to found Thrive Causemetics, the leading direct-to-consumer luxury beauty brand. As a child growing up on her family’s farm in rural Washington, she mixed her own beauty products and would go on to travel the world working for L’Oreal’s luxury division. Following a friend’s death from cancer, Karissa was inspired to create a line of clean products which people with health concerns can feel safe using. Since its founding in 2015, the company has donated an astounding $135 million in funds and products to 500 giving partners in order to help deserving communities thrive.
With empathetic leadership and a dedication to social action, Karissa is on a mission to change the way we think about the power and potential of beauty.
Key takeaways:
- Ignorance is bliss when you’re starting a business
- Don’t raise money if you don’t need to
- Start slowly - especially if you’re low on capital
- Rely on and trust your community to guide you in making pivotal decisions
- Ask for help, you can’t do it alone
- Find friends outside the business
Quotes:
- “I often say that ignorance is bliss when you're starting a business, because if I had known how hard it was, I wouldn't have done it.”(11:47 | Karissa)
- “I had to work on it for many, many years, much longer than your traditional product development cycle. That spirit of creating products that are truly solving problems still rings true in all of the products that we're creating. Because at the time the world didn't need another pair of false eyelashes or lash glue. There were great ones on the market, but we needed to solve a very specific problem.” (13:39 | Karissa)
- “We always say everybody's on the giving team at Thrive Cosmetics because one of our values is one team, one score.” (24:11 | Karissa)
- “I did not think that it would get this big. I did not think it would happen the way that it did and when it did, but that's one thing that always inspires me, Lindsay, is that I didn't dream that big, but our community did.” (34:34 | Karissa)
Connect with Karissa Bodnar:
Instagram:http://www.instagram.com/thrivecausemetics
Instagram:http://www.instagram.com/karissabodnar
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Transcript
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| 0:00.0 | Hi guys, it's me, Lindsay Pinchuk, host and founder of Deer Found Her. And before we get into |
| 0:06.3 | today's episode, I have some exciting news. You've asked and I'm answering, we're taking |
| 0:11.5 | Deer Found Her live for some much anticipated networking events starting this fall. We'll be kicking |
| 0:17.5 | things off where I live in Chicagoland with the goal to add more cities to our lineup in 2024. |
| 0:22.8 | Our events will be free. |
| 0:24.4 | You just have to be a female founder, but you'll have to RSVP. |
| 0:27.6 | So make sure you get on our list so that you are the first to know when registration goes live. |
| 0:32.4 | Space is limited. |
| 0:33.5 | The links in the show notes. |
| 0:34.8 | I can't wait to meet you. |
| 0:41.4 | Dear founder, as you know, there's no blueprint for entrepreneurship. You wear so many hats, you burn the men'side oil, pour your heart and |
| 0:47.1 | soul into everything that you do. But without a doubt, the journey is worth every single second that you |
| 0:53.2 | put into it. I'm Lindsay Pinchuk, host of the |
| 0:56.2 | Deer Founder podcast. I say this because I've lived it for over a decade. I started my first |
| 1:01.8 | company with $500 in my pocket and a baby in my belly. I grew it and I sold it all. This |
| 1:08.1 | podcast is my weekly letter to you. We'll talk all things starting, |
| 1:13.0 | growing, nurturing, and in some cases even selling a business. Together with some of my closest |
| 1:18.4 | contacts, I'm here to help you find your own success, whatever that means to you. The ride as a |
| 1:23.8 | founder is the ride of your life. So come on and enjoy me for another episode that |
| 1:28.3 | will get you one step closer to reaching your own founder goals. Welcome back to another |
| 1:35.1 | episode of Dear Founder. I am so glad to be back with another incredible female founder guest. |
| 1:41.9 | Today's guest built her company,rive Cosmetics completely on her own |
... |
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