Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

How This Founder Overcame Doubts & Made History With a $320 Million Dollar Exit With Joanna Griffiths, Founder of Knix

How This Founder Overcame Doubts & Made History With a $320 Million Dollar Exit With Joanna Griffiths, Founder of Knix

FromBehind Her Empire


How This Founder Overcame Doubts & Made History With a $320 Million Dollar Exit With Joanna Griffiths, Founder of Knix

FromBehind Her Empire

ratings:
Length:
52 minutes
Released:
May 20, 2024
Format:
Podcast episode

Description

Joanna Griffiths is the Founder and President of Knix, the innovative direct-to-consumer intimates and apparel brand.The idea for Knix started after she had a conversation with her mom about what women’s bodies undergo as they age especially when it came to post-pregnancy leaks. After doing research on her end and speaking to more women, she realized there was a massive gap in the market. So in 2013, she launched a Kickstarter campaign that placed Knix on the map not only for its intimates but for talking openly about the reality of women’s bodies. A decade later, the womenswear brand has expanded into a variety of categories, including bras, activewear, shapewear, swim, loungewear, and more. Joanna has built Knix into one of the fastest-growing intimate apparel brands globally. In 2022, Joanna decided to sell 80% of her business for $320 million, making it one of the largest exits by a female founder in Canada and one of the most significant sales of a brand by a female founder in US history. In this week’s episode, Joanna talks to us about her incredible journey building Knix, what she learned in her career in media & entertainment, and how it actually helped her disrupt the intimates industry despite having no background. She shares how she pivoted early on from wholesale even though they were doing incredibly well, how they ended up launching as a direct-to-consumer company, and why it was one of the boldest decisions she made. Joanna also opens up about how she dealt with depression even when she had major success with the brand, and the steps she took to manage this difficult time. We talk about how she dealt with difficult investors who didn’t believe she could run a high-growth company being a mom of three, what she did to prove those naysayers wrong, and so much more.  In this episode, we’ll talk to Joanna about:* Being vulnerable and open on social media. [02:55]* The reality in entrepreneurship. [04:56]* Joanna’s coping mechanisms as a founder. [08:31]* Creating momentum in the early stages. [12:59]* Working in a record label, getting an MBA, and shifting passions. [16:23]* The genesis of the Knix idea and testing their first product. [18:12]* The manufacturing processes. [22:48]* Launching Knix on Kickstarter. [25:16]* Joanna’s depression despite the business doing well. [32:12]* Joanna’s fundraising journey. [39:05]* Building confidence and managing negativity. [45:03]* Joanna’s behind-the-scenes in managing her business and motherhood. [46:21]* Selling the company and buying a house for their nanny. [48:11]This episode is brought to you by Beeya:* If you or anyone you know have been struggling with hormonal imbalances and bad periods, go to https://beeyawellness.com/free to download the free guide to tackling hormonal imbalances and to learn more about Beeya’s seed cycling bundle.* Plus, get $10 off your order by using promo code BEHINDHEREMPIRE10Follow Yasmin:* Instagram: https://www.instagram.com/yasminknouri/* Website: https://www.behindherempire.com/Follow Joanna:* Website: https://knix.com/* Instagram: https://www.instagram.com/knix/* Instagram: https://www.instagram.com/joannaknix/ Hosted on Acast. See acast.com/privacy for more information.
Released:
May 20, 2024
Format:
Podcast episode

Titles in the series (100)

Behind Her Empire is focused on highlighting self-made women leaders & entrepreneurs and how they tackle their career, money, family and life.Each episode covers their unique journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what’s possible & inspire you to create financial freedom in your own life. Hosted on Acast. See acast.com/privacy for more information.