She Bootstrapped Beyond Yoga for 18 Years Without Outside Investment and Sold It for $400 Million
Dear FoundHer...Real Founder Stories for Women Small Business Owners
Lindsay Pinchuk
4.9 • 1.1K Ratings
🗓️ 6 June 2024
⏱️ 53 minutes
🧾️ Download transcript
Summary
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Building a hundred million dollar company without outside investment is rare. Doing it while holding the line on body inclusivity, never photoshopping a single model, and keeping your entire team intact through an acquisition is something most founders never pull off. In this episode of Dear FoundHer, Lindsay Pinchuk sits down with Michelle Wahler-Adams, co-founder and former CEO of Beyond Yoga, to talk about what bootstrapping a business really looks like across eighteen years of slow, disciplined growth. If you are a female founder who wants to build something real without giving up control or compromising what you stand for, this conversation is for you.
Michelle shares some of the most honest and specific real founder stories you will hear about scaling a company from a trade show connection to a four hundred million dollar acquisition. She talks about discovering the Space Dye fabric that changed everything, and why managing teams well, starting with hiring her husband Jesse as CFO and COO, was the unlock that made everything else possible. She explains how she navigated six million dollars in COVID cancellations, pivoted into mask production to keep her contractors employed, and leaned into performance marketing when everyone else pulled back. Managing rapid growth while staying true to the brand's mission required hard calls made quickly, and she made nearly all of them right.
This episode is for women founders who are figuring out when to hire, how to spend, and whether staying bootstrapped is the right call for their business. It is also for anyone navigating the tension between scaling responsibly and moving fast enough to matter. Michelle's story does not end with the sale. It ends with a woman who protected her people, passed the baton with intention, and is now spending her days meeting with other female founders because she genuinely wants to help. That is what building something that lasts actually looks like.
Quotes
- “I knew that if we sold to Levi’s, we were going to make sure that Beyond Yoga was going to be a brand that lived on forever… This was our legacy… I joined the leadership team so I can say that, in truth, they really live their principles. It’s all about principles over profits…” (41:24 | Michelle Wahler)
- “You will learn, and you are smarter and more capable than you realize. You have to turn off that voice in the back of your head that thinks everybody else knows things that you don’t. Just trust yourself. You’re gonna do great.” (50:23 | Michelle Wahler)
Connect with Michelle Wahler:
LinkedIn: https://www.linkedin.com/in/michelle-wahler-4b43315/
Grab Lindsay’s JumpStart Your Business Blueprint from last week's episode:
https://lindsaypinchuk.myflodesk.com/11stepsforbusiness
Grab Lindsay’s Reels Cheat Sheet + Social Media Challenge. CLICK HERE
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Transcript
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| 0:00.0 | Hi guys, it's me, Lindsay Pinchuk, founder and host of Dear Founder. Today, you're going to hear |
| 0:06.0 | Michelle Whaler talk about how she's been meeting and connecting with female founders ever since |
| 0:10.6 | she exited the company that she sold, thus proving to me how important it is to continue to build |
| 0:16.4 | your network no matter where you are in your business journey. What I would have done to have had a conversation with someone like Michelle when I was |
| 0:24.2 | first starting out, which is why when I started Lindsay Pinchuk marketing and consulting |
| 0:28.7 | and Dear Founder, I wanted to bring you the opportunity to build your own network with |
| 0:33.2 | resources, support, and mentorship. |
| 0:35.3 | I also wanted you to learn along the way, which is where |
| 0:38.6 | Dear Founder Live, our in-person and virtual events come into play. On June 21st is our next |
| 0:44.8 | live virtual event. We're going to talk about how to make a reel for your small business and |
| 0:49.9 | why Reels on Instagram are important for growth. And then you'll have the opportunity to connect with |
| 0:55.0 | and brainstorm with other women in attendance about your Reels strategy and other marketing opportunities. |
| 1:01.5 | And if you're in or near Chicago, our next live event is Tuesday, June 11th. We're partnership |
| 1:07.5 | dating this month, which means come ready to meet other women who can |
| 1:11.0 | enhance and support your business through strategic partnerships. |
| 1:14.3 | You can click the link in our show notes to RSVP and reserve a spot for either one of these |
| 1:19.0 | events. |
| 1:19.6 | And now on to today's episode. |
| 1:22.2 | I was so taken by Michelle Whaler and her story of bootstrapping an idea into a hundred million dollar |
| 1:29.1 | business with minimal outside investments. But the fact that Michelle did this and really hasn't |
| 1:35.5 | done much press before was really astounding to me. Given the opportunity to meet and interview |
| 1:41.4 | this incredible female founder, I jumped at it, and I am so glad that I did. |
... |
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