Starting your own company from scratch is difficult, regardless of your gender, sex, race or age. Theoretically, gender shouldn't matter when it comes to fundraising and getting your company off the ground, but female entrepreneurs unfortunately do experience different challenges than their male counterparts. I've seen just how skewed the funding process can be against women first-hand in my experience as the founder and CEO of Beautiac, a subscription-based makeup brush company I started in 2018.
As soon as I had the idea for Beautiac, I was excited to hit the ground running. I wanted to create a makeup brush that would prevent breakouts; as the solution, I designed an interchangeable makeup brush system. Customers get new brush heads in the mail every month, pop off the old ones and send them back to us for recycling. This concept had never been done before; it was quite a hectic period while I designed and sourced everything from scratch. I knew I needed capital to turn this dream into a reality, so I started the fundraising process ASAP.
Luckily, I was familiar with fundraising. Before Beautiac, I was the founder and CEO of a candle and home décor wholesale company, where I raised over $2 million to expand brand partnerships and retail channels. When I exited that role to start Beautiac, I was excited to get back in the swing of investor meetings, but I also knew to expect some ups and downs. After all, female founders collectively received $10 billion less in funding than the company Juul alone received in 2018. That's right. Let's say it louder for the people in the back: a vape company accused of causing a teen smoking epidemic received $10 billion more in funding than the hundreds of female entrepreneurs combined.
Given that, along with the nature of my product, I knew that explaining the nuances of makeup brushes to rooms full of men wasn't going to be easy. However, I also had something else to worry about: a growing baby bump. Don't get me wrong—I was overjoyed when I found out I was pregnant with my son. Fundraising while pregnant however, opened up a whole new can of worms, and I had a lot of anxiety about it. As a woman in a man's world, I was used to the subtle digs and implied biases, but nothing could have prepared me for the blatant sexism to come.
While speaking with potential investors, I would constantly be asked whether my pregnancy would impact my vision and abilities as an entrepreneur or how I was going to manage both an infant and a startup. I've even sat across the table from a potential investor who said "We would be interested… but given the state your in, we're going to pass," while gesturing at my large belly. Every encounter like that left me incredulous, but nevertheless I persisted. The key is to find investors who not only believe in your brand and in you as a founder, but also in you as a person. Business partners who respect and celebrate every aspect of your life—not just your company—are the partners you want. Sometimes, that means walking away from a check. Turning down cash is hard, but you'll never regret standing up against biased behavior, and in my case, standing up for the desire to have a family and be an entrepreneur at the same time.
Admittedly, there were a few times when I got worried and asked myself, "Should I really be doing this? Are they right?" To doubt yourself is to be human, but don't let a little doubt deter you. Throughout my experience, I used my pregnancy to fuel my passion for Beautiac even more. It's hard to be in a position where you constantly feel the need to prove something, change peoples' minds and change the way something is thought about. It feels like a nearly impossible task and it's exhausting. Someone once said to me, "just show up every day, and every day thereafter, and every day after that." By showing up time and time again, you break down barriers and prove to people just how serious you really are. I subscribe to that method in my life with almost everything I throw myself into. I just keep showing up!
I took Beautiac from concept to consumer launch in just nine months, raising a $750,000 seed round along the way. Incredibly, it was the exact same time frame I was pregnant. In fact, I was in labor only two days after we began officially shipping Beautiac kits to our first customers! I was able to do this balancing act because I work with investors who understand the vision of Beautiac and support me as a founder, CEO and mother. And as Beautiac is fundraising again, I've become even more confident in my role as both a mom and an entrepreneur. There's no place for sexism or bias in my company. We celebrate all women, all people, and all stages of life, encouraging everyone to dream big and be at their best each day.
I'm looking forward to instilling those Beautiac values in my son as he comes of age and to everyone else the Beautiac brand touches. Because together, when united, we can be a powerful catalyst—making this world a more open-minded, caring and supportive place. A place where women are not just included but are actually thriving in their roles and sought after because of their amazing talent and skill sets, which are often developed by being moms with undeniable perseverance. A woman who is determined is a powerful force, one that is unstoppable.
WRITTEN BYDrea Gunness Groeschel