Cup of Ambition Podcast S2[4]: Venture Capitalist, Investor, and Entrepreneur Kimmy Scotti of Monthly Gift and 8VC
Kimmy Scotti is a powerhouse investor, entrepreneur, and businessperson who's been building successful businesses since she was in high school. Her jewelry line Mimz New York was sold in Bloomingdales and featured on Project Runway before she even graduated college, and her career ladder has gone upward since there.
As a founding partner of 8VC, Kimmy focuses on consumer and healthcare investments. She also is co-founder and executive chairman of the women’s health and wellness company Monthly Gift. Kimmy is also on the board of the Breakout Foundation, which helps change makers get access to capital and support in their communities.
On this episode, we talk all things venture capital (and what it is if you've never heard of it before), angel investing, and building successful businesses. Kimmy gives advice on how to get started on big, seemingly impossible ideas, what advice she'd give to her younger self, and tons of great book recommendations.
00:03:30: What's Kimmy's job and where does she work?
00:04:45: What has her career trajectory looked like?
00:09:33: What are some products and companies she's super excited about right now?
00:12:07: We talk about how Kimmy got her start in retail/wholesale and why she decided that she wanted to disrupt the traditional retail paradigm.
00:16:11: What's angel investing? What's venture capital? What's the difference between the two?
00:20:13: If someone has a huge business idea, what's the best way for them to get started on it? Kimmy gives us the ingenious way she plans her years, months, weeks, and days to achieve goals in small bites.
00:27:45: What is Monthly Gift, and why did Kimmy decide to start this company?
00:32:33: What are some rewards and challenges about her job? What are some misconceptions?
00:39:00: Kimmy tells us about some of the philanthropic work she does, including with the Breakout Foundation.
00:41:00: How is her industry and her founders adapting to COVID-19 challenges?
00:46:16: Back to the Future: What advice would Kimmy give to her younger self?
00:55:00: Our Lightning Round, and Kimmy's AMAZING book list.
BONUS: I've compiled them all for you here cause they're too good to miss:
Reading for fun:
Business or Mindset Books:
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