good American was n’t Grede ‘s first entrepreneurial guess ; she founded the entertainment market ship’s company ITB Worldwide in 2008. And, following the launching of good american, she started another invest company, the shapewear sword Skims, this prison term with her husband, Jens Grede, and Kim Kardashian. ( Grede met the Kardashian sisters through their mother, Kris Jenner, a business associate degree. ) In 2021, the 39-year-old Grede surrounded herself with a different group of reality television receiver stars as a node on ABC ‘s Shark Tank, where she became the first Black womanhood investor to appear on the picture. One of the businesses Grede invested in was the hair care-focused invest mark KIN Apparel, which shares Good American ‘s commitment to inclusivity. Founded in 2020 by Philomina Kane, KIN ‘s flagship product is a satin-lined hoodie designed to protect hair that traditional cotton hoodies can dry out by absorbing moisture. The Philadelphia-based business generated $ 1.3 million in gross in 2021, up from $ 246,000 the previous year. Kane, 26, attributes her early achiever partially to KIN ‘s inclusive ethos. “ People felt seen and heard when they saw a satin-lined hoodie, ” she says. prior to starting the company, Kane amassed a take after of about 200,000 subscribers to her YouTube channel, NaturallyPhilo, where she shared natural hair worry tutorials for women of color. now, Kane is in place to build an even larger community of trade name loyalists — if she can get over a flimsy font of imposter syndrome. We sat her down with Grede to talk about inclusivity as a occupation scheme and how to keep KIN Apparel growing, naturally. Kane Thanks to Shark Tank, KIN Apparel experienced a huge inflow in sales. You got to $ 1 million in sales on your first day at good American. How do you deal with demand and the provision chain ? Grede The first thing is, do n’t panic. We have to be mindful that in the early days of a business, scarcity is not a badly thing. There are a lot of companies out there artificially creating scarcity. It ‘s a huge opportunity for you to learn and grow, and it ‘s about the customer experience. How are you dealing with the fact that people ca n’t get the product and you ‘ve hyped them up to want to buy it ? We were literally educating people about how much longer it takes to make our jeans than a standard copulate of jeans. And I think people appreciated our order, “ We ‘re sol deplorable, but here ‘s what ‘s happening and here ‘s why. ” It ‘s an opportunity to start understanding your supply chain. So my big advice to you is : Do n’t worry. Just practice every moment — the adept, the bad, and the atrocious — as an opportunity to learn. Kane good American has “ the Good Squad, ” which is a tight-knit residential district of customers. So what can an entrepreneur like me learn from my own community of customers ? Grede When you ‘re lucky enough to have a trace, you have to ask yourself, “ How can I use that as a datum orient in my business ? ” We decided early on that it would be a two-way street and that we would ask questions and get answers. But you have to be will to listen to the good and the bad. It shifted our priorities as a business, because we were volition to listen. We would have launched categories in a different precedence if we had n’t been listening to our customers. It turned out that they wanted different things. And they were concern in products that we did n’t have in our grapevine. Kane Another thing I ‘m still learning about is hiring. As a alone entrepreneur, I used to do everything myself. Grede same ! Kane At some steer, I realized I needed some serve. So I think that the biggest asset to a growing business is its team. When did you realize you needed avail, and how did you go about finding it ?
Grede It ‘s not just for a growing business. For any occupation, the people who work for you are your elementary asset. You have to be ampere obsessed as you are with your product in actually making an incredible place to work. good people today have many options, so being focused on your culture and how you ‘re bringing people into an environment to work is important right now. I have a mantra : hire for position, not for experience. And, in the early days, that was truly commodity, because I could n’t afford the experience. So I got the people who believed in what I was doing. Kane My operations coach loves KIN Apparel. Grede And that ‘s important. Because in the beginning, it ‘s not a 9-to-5. You need those people who are going to be super high-level and help oneself you with planning the business over the following three years. And then you need those people who will pack a box at the end of the day. And that comes down to person ‘s attitude and how a lot they care about what you ‘re building. Kane So how do you make good American a fun place to work ? Grede I think that so much of culture comes from the top down. I ‘m english, and so I think there are a lot of stylistic differences in the way businesses are run here. I had precisely had a baby when I moved to America and started commodity American, and so I was trying to understand what the standard pregnancy policy was. And, it turned out, it was not very good. So I changed that. We ‘ve all had jobs with people or in places where we were disgruntled, and so I very thought about those things and what I could afford to do better. And it ‘s truly barely belittled things that allow people to enhance the quality of their lives. Kane Something I ‘ve struggled with for most of my adult life is imposter syndrome and feel like opportunities afforded me are n’t very for me. Have you ever dealt with that ? Grede I never had imposter syndrome, and I amply accredit my mother, who was a single mother of four girls, so she was a pretty ferocious womanhood. She taught me that you are not better than anyone else, nor is anyone better than you. You might have a better education or more feel, but we all have something to bring, and I never in truth thought about it in any other way. You ‘re where you are because you ‘re where you should be, and you need to just believe that every single day. Kane Have you always entered the room and you were the only person there who looked like you ? Grede All the prison term. Every day. Look around. Kane Has that always affected you ? Grede Yes, but it ‘s besides made me understand what kind of administration I want to create. right now, the smart people and the winning companies understand that a diverse room is a succeed board. My backdrop and the fact that I think differently from other people is actually what makes me win. I ‘m not the first person to create a denim line. I ‘m not the first person to do plus-size jean. But I am the first person to put them together in one home, and the only reason I could do that is because of my vantage point and where I come from. My culture. My backdrop. And indeed I always think of those things as strengths. Kane indeed what should an entrepreneur spirit for when deciding on an investor ?
Grede This is a complex motion, because at different stages of your clientele you want unlike things. In the early stages, you need people who believe in you and believe in the mission. As you get foster along, you ‘re not constantly looking for a cheerleader. There are different types of investors for unlike stages, in the lapp way that there are unlike types of staff you require at unlike stages. Knowing what you are optimizing for when you are going out and fundraising is one of the most important things. Kane How did you go about getting fund as a Black womanhood ? Grede Let ‘s be honest : Khloé Kardashian is my business spouse, so I did n’t face the same obstacles raising finance as other Black women. But that is why I ‘m absolutely hell-bent, now that I ‘m in a position to invest, on working with minority founders and support, particularly, Black women. Because we know the stats. They are abysmal. No one is saying everything ‘s well. But I ‘m an optimist. I think the fundraising community in general has woken up and said, “ We need to think about that. ” And so that brings a lot of opportunity, and you have to be the person who goes out and takes advantage of it. person ‘s grow to, so why should it not be you ?