Kimmy Scotti, Venture Capitalist & Wellness Entrepreneur

Conscious Enterprises

Kimmy Scotti is so engaging and effervescent, I’m sure you’ll easily see how she has become such an accomplished business woman.

Aside from being a Partner at 8VC, her venture capitalist firm, she was one of the first investors in Sakara Life; and she is also a co-founder of a women’s health & wellness company with her sister called Monthly Gift. Kimmy co-founded a direct-to-consumer healthcare company that has helped millions of Americans afford their prescription medications, and she even started a fashion jewelry line that was sold in Bloomingdale’s when she was in college.

In this conversation with Kimmy, you’ll learn what this venture capitalist looks for in the start-ups and the entrepreneurs that she invests in. We discuss Kimmy’s customizable feminine care business, the healthcare industry, being a woman in the male dominated finance industry, using meditation to enhance gut instinct, and Kimmy’s super unique mindfulness practice.

Click here to listen on iTunes - Apple Podcasts

Recognitions:

• Partner at 8VC

• Investor in Sakara Life

• Founder of Monthly Gift

• Co-Founder of a direct-to-consumer healthcare company

• Former Director of Business Development

• Creator of Mimz New York (fashion jewelry line sold in Bloomingdale’s while in college)

• Featured in Forbes

Topics discussed in this conversation include:

• Shoe swapping for good karma

• Growing up with close siblings in New York

• Childhood crafts and becoming a “maker”

• Starting her first business at the age of 15 years old

• Mims

• How Kimmy’s businesses got to span so many different industries

• Passion for healthcare

• Sakara Life and how it made Kimmy an official investor

• Monthly Gift – Kimmy and her sister’s feminine care subscription company

• Tampons vs Pads

• The necessity for customization of feminine care product bundles

• Dear Kate acquisition

• Monthly Gift’s commitment to giving back through Days for Girls

• Balancing a business plan that incorporates charitable giving with an accessible price point for every woman

• Finding the balance of reciprocity or charity in business

• Kimmy’s reciprocal business strategy - making profit from solving a big problem

• Qualities that Kimmy seeks in startups and entrepreneurs

• Magnetism vs Metrics

• Kimmy’s wellness regimen and her strict breakfast routine

• Bari trampoline class - (now at Fithouse)

• Our broken healthcare system

• Businesses falling short on wellness programs

• Practicing prophylactic medicine

• Fixing healthcare by fixing prescriptions

• Blink Health

• What Kimmy sees many tech entrepreneurs focusing on that isn’t working

• Making the cost of care accessible

• Trends Kimmy sees in wellness, work-life balance, startup culture

• Biggest challenges in business

• Pitching male investors a tampon company

• Being bi-coastal

• What makes business leaders successful

• How Kimmy perceives her own success

• Meditation with Headspace

• Active meditation with floral arrangements

• Activities being mindless vs mindful

• Converting to Judaism

• Shabbat dinner being meditative

• Strengthening your “gut instinct” through meditation

• Imposter Syndrome as a woman in business

• Flower arrangement meditation process

• Applying mindfulness to the cut-throat venture capitalist world

• Sh*t happens

• Accepting a base of worst case scenarios

• Having empathy for the founders Kimmy invests in

• When mindfulness and empathy are a detriment to business

• How to know where and when and who to trust

• Animal instinct

• How Kimmy sees the world 5 years from now and how she intends to contribute to it

• Healthcare science and innovation

• Valuable advice for entrepreneurs

Bio:

Kimmy Scotti is a founding partner at 8VC where she focuses on consumer and healthcare investments. She oversees the fund's investments in companies such as Blink Health, uBiome, and MakeSpace. She also is Co-Founder and Executive Chairman of the women’s health and wellness company, Monthly Gift.