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Dear FoundHer...Real Founder Stories for Women Small Business Owners

The Intimates Brand that Sold for $320 MILLION and Completely Disrupted the Category, with Joanna Griffiths, Founder and President of Knix

Dear FoundHer...Real Founder Stories for Women Small Business Owners

Lindsay Pinchuk

Ceo, Entrepreneur, Entrepreneurship, Women In Business, Careers, Small Business, Marketing, Business, Bobbi Brown, Female Founder, Pivot, Business Owner, Foundher

4.91.1K Ratings

🗓️ 14 September 2023

⏱️ 55 minutes

🧾️ Download transcript

Summary

“I came up with this concept to change the way that people thought about underwear.” Joanna Griffiths, founder and president of Knix, created a billion dollar category within the intimate apparel industry when she designed leak-proof period underwear.


Joanna's commitment to designing products for genuine bodies and real-life situations led to incredible success for a brand that champions diversity and inclusivity. Through comprehensive research and testing, she developed high-quality, comfortable period underwear tailored to authentic needs. Beyond product development, Joanna’s intuition guided pivotal business choices, including her fundraising approaches and her decision to part ways with retail partners who didn't align with Knix's core values.


Joanna’s story is both enlightening and raw. Unlike many polished tales of entrepreneurship, she honestly shares challenges she faced, dispelling the misconception that business success happens instantaneously.


Key Takeaways:

  • When you have to make a decision that's going to impact your business, good or bad, you have to trust your instinct. 
  • Believe in yourself and set your own parameters. It's your company and your rules, so set them. 
  • Find a tribe of female founders that are going through it, too.


Quotes:

  • “I look back and there were certain moments and I have distinct memories of moments where I should have said something back, like something so rude was said to me that I should have walked out and I didn't. And I wish I had, because when you just sit there and you eat it and you accept it, I know for sure that person has gone on to say bad things to multiple people, you know? Because they felt like it was totally appropriate.” (33:55 | Joanna)
  • “I think you're nervous in the beginning to say no, because you're never sure if another opportunity is gonna come around. And one of the things that I've realized, like, you know, now being at this for a while and being a female founder for a while, is if we wanna see change, we all have to hold the power of no. And we have to reward the people who are good actors, and we have to say, fuck off to the ones that aren't.” (36:53 | Joanna) 


Connect with Joanna Griffiths:

Instagram: https://www.instagram.com/joannaknix/


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Transcript

Click on a timestamp to play from that location

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 Deer

0:11.7

live for some much anticipated networking events starting this fall. We'll be kicking things off

0:18.1

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.

0:41.3

Dear founder, as you know, there's no blueprint for entrepreneurship. You wear so many hats, you burn the men'side oil, you pour your

0:46.6

heart and soul into everything that you do. But without a doubt, the journey is worth every

0:51.7

single second that you put into it. I'm Lindsay Pinchuk, host of the

0:56.1

Deer Founder podcast. I say this because I've lived it for over a decade. I started my first company

1:02.1

with $500 in my pocket and a baby in my belly. I grew it and I sold it all. This podcast

1:08.4

is my weekly letter to you. We'll talk all things starting,

1:12.9

growing, nurturing, and in some cases, even selling a business. Together with some of my

1:18.0

closest contacts, I'm here to help you find your own success, whatever that means to you.

1:23.1

The ride as a founder is the ride of your life. So come on and enjoy me for another episode that will get

1:28.6

you one step closer to reaching your own founder goals. Welcome back to another episode of

1:35.4

Dear Founder. Today's guest built her company from scratch and sold a majority staking it for

1:41.4

$320 million. Yet she continues. Joanna Griffith's founder and now

...

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