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Ryan Woodbury (Needed) - How she's building a bundled DTC subscription business with prenatal products, why it took 3 years of R&D research before launching and her fundraising philosophy

Ryan Woodbury (Needed) - How she's building a bundled DTC subscription business with prenatal products, why it took 3 years of R&D research before lau…

FromThe Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing I Brands


Ryan Woodbury (Needed) - How she's building a bundled DTC subscription business with prenatal products, why it took 3 years of R&D research before lau…

FromThe Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing I Brands

ratings:
Length:
49 minutes
Released:
Feb 3, 2023
Format:
Podcast episode

Description

Our guest today is Ryan Woodbury, co-founder of Needed. Needed is on a mission to empower every woman with the fundamental nutrition information, products, and community they need to be optimally nourished before, during, and after pregnancy. We discuss how she got involved / started in nutrition, why she decided to create a prenatal supplement company, why she took 3 years in R&D, how she thinks about the DTC channel and LTV of her customers and much much more.Some of the questions I ask Ryan:What was your introduction to entrepreneurship?How did you end up founding Needed?What were the first steps?How do you think about the lifetime value of the customer?When does a person use prenatal vitamins?Distribution play as opposed to an Pulvis VenturesHow did you think about financing the business?CACChallengesWhat have you learned from your customersConsumers want a two a dayHow did Needed different? What’s the bare minimum?How do you think about product development?Why did you decide DTC?Nutrients How do you think about customer acquisition in today?How do you think about retention and customer experience?How did you approach raising venture capital?What’s one book that inspired you personally and one book that inspired you professionally?Professionally - Let my people go surfing; No Rules, Rules by Reed HastingsPersonally - The Sense of Wonder***Sponsor*** Introducing aVenture - venture capital for everyoneWith aVenture everyone can now invest directly into venture capital funds through our platform while also benefiting from periodic liquidity options.If you agree, sign-up for their waitlist at aventure.vc. aVenture is a San Francisco, California-based financial technology company that permits users to launch, manage and invest in venture funds on its platform, http://aventure.vc. aVenture operates independently of any investment advisors on its platform. Certain funds listed on the aVenture platform are provided by independent fund managers and may be registered as investment advisors in the U.S., or qualify for exempt reporting status. Mike is a paid spokesperson for aVenture and is compensated $6,000. Want to keep up to date with The Consumer VC? Subscribe to my newsletter Here.
Released:
Feb 3, 2023
Format:
Podcast episode

Titles in the series (100)

The Consumer VC takes a look into early-stage consumer investing and venture capital. If you are interested in learning about consumer trends, have a b2c business and interested in learning about the fundraising process at the early stage, you have come to the right place.Mike interviews some of the top venture capitalists in the world that focus on B2C and consumer type companies or have a deep track record investing in these categories such as marketplaces, SaaS, social, CPG and non-tech subscription.Mike also interviews founders that are building some of the most disruptive consumer facing companies in the world. The conversation usually includes the insight the founder discovered, fundraising strategy, and the pitch.This podcast also includes bonus episodes. Each bonus episode dives into a particular subject that might not have to due with the fundraise or venture capital, but still would be helpful to founders. For example, a bonus episode on brand strategy or how to construct a board of directors. All bonus episodes will be clearly labeled.For all episodes, please visit www.theconsumervc.com. For updates, you can follow @mikegelb on Twitter.