Episode Transcript
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0:02
This is Being Studios.
0:04
Audio Reality from Lemonada.
0:07
Hi, I'm Megan, and I'm so
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excited for you to hear my
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new podcast, Confessions of
0:14
a Female Founder, from
0:16
Lemonada Media. I'm sitting
0:18
down with female entrepreneurs
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and friends to uncover
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what often goes unseen
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when building something great.
0:27
The setbacks. the sleepless nights, and the
0:29
laser focus that got them to where
0:32
they are today. We're diving into the
0:34
type of insights everyone wants to know
0:36
as they're building a business. And even
0:39
if you're not, don't you want to
0:41
see what's happening behind the scenes? And
0:43
I'm able to tap into all of
0:45
this wisdom from them as I'm building
0:47
my own business as ever. So we're going
0:49
to play you a little sneak peek at
0:51
the first episode featuring my friend Whitney Wolfherd,
0:54
founder of Bumble. And after you listen, you
0:56
can search confessions of a female founder wherever
0:58
you get your podcast, or you can find
1:00
a link in the show notes to take
1:02
you there. I can't wait for you to listen. I'm
1:05
sure the first time I ever heard about you
1:07
was in Time magazine being the
1:09
youngest self-made billionaire, female billionaire. Huge!
1:11
What on earth did that feel like? Well, you
1:14
know it's funny. It's funny. It's like. It's like.
1:16
It's like. It's like... At my on paper
1:18
richest, I was my inward poorest.
1:20
What does that mean to you? That
1:22
means that what it took out of me
1:24
to hit those milestones actually
1:27
robbed me of my real wealth,
1:29
the ability to connect with
1:31
myself, to take time for myself,
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to focus on my physical
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mental spiritual health, to focus
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on my physical mental spiritual
1:40
health, to focus on my
1:42
physical mental spiritual health, to
1:44
focus on my the things
1:47
that actually make you the
1:49
wealthiest in life. So while
1:51
my financial wealth on paper
1:53
was this like crazy headline
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and like world record thing,
1:58
whatever, didn't even matter. because
2:00
all these other buckets were so
2:02
low and so what has been
2:04
beautiful and I wrote a letter
2:06
to myself over the summer actually
2:08
our stock in all-time low and I
2:11
wrote a letter to myself that day
2:13
and I said today is one of
2:15
the best days of my life I
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said because my other buckets of wealth
2:20
are so overflowing that it just doesn't
2:22
matter what a stock price is today
2:24
it's not how I measure my worth.
2:27
But what made you in that want
2:29
to write a letter to yourself? How
2:31
would that become a part of a practice
2:33
for you? I just thought, you know,
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I better clock in and I better
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check in because I want to remember
2:40
this day. I want to remember this
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day. I want to remember that I
2:44
got to a place of self-growth where
2:46
on a day that should feel like
2:49
The worst day in terms of riding
2:51
the waves of success right things always
2:53
go up and down and I just
2:55
remember I wrote myself a letter and
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I just said this is like the
3:00
best day ever I Have healthy children.
3:02
I love my husband. It's beautiful where
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I am I hiked I meditated like
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I just reflected in this moment of
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gratitude of all the things I do
3:11
have and I think it's a really
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good reminder to people that you have
3:16
to take stock of how you measure
3:18
your happiness, your wealth, and how
3:20
you define it. Take stock
3:22
and your actual stock. That's
3:24
right. I think it's amazing how evolved
3:26
you are. It takes a lot
3:29
of years for most people to
3:31
be able to have that level
3:33
of wisdom in an internal compass.
3:35
It really does. And I mean,
3:38
especially when you've spent a career
3:40
doing the work, the business work.
3:42
How would you? approach that or what
3:45
advice I guess would you give to people
3:47
who are listening that say okay well you're
3:49
saying you felt so depleted and the buckets
3:51
were so low or so empty in all
3:53
these other categories but it's because of that
3:55
you were able to still get to this
3:57
number and get those metrics and isn't that
3:59
the goal and then you could fill
4:01
up your cups again, would you do
4:04
it differently? Totally, totally. And I think,
4:06
you know, the one thing I can
4:08
offer to the world is actually a
4:10
blueprint of, hey, don't take this route
4:13
to the top of Everest. It's not
4:15
worth it. The view is not worth
4:17
it. Don't do it because the one
4:19
thing you can never get back is
4:21
time. Yeah. Is your precious time. And
4:24
the amount of time, Meg, that I...
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wasted on being stressed, being miserable, being
4:28
overwhelmed, being paranoid about what shoe was
4:30
gonna drop. You know what? I actually
4:32
think I would have been more successful
4:35
had I not been like that. But
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can you turn it off? I say
4:39
this because last night I was just,
4:41
you know, when your brain goes in
4:44
a loop. those three a.m. loops and
4:46
it's just like you can't stop overthinking
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the thing and how are you going
4:50
to address that and oh gosh but
4:52
that packaging and I want the packaging
4:55
to look like this and that's not
4:57
the unboxing experience I had in mind
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and what how are we going to
5:01
pivot and does it matter? I think
5:03
you have to really take a deep
5:06
breath and say you know what how
5:08
big of a deal is this and
5:10
I would size it up? Is this
5:12
going to matter? Yes, is it going
5:15
to matter in five hours? Yes or
5:17
no? Is it going to matter in
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five days? Yes or no? If it's
5:21
not going to matter in five years,
5:23
like throw it out the window. Who
5:26
cares? Like if this is not going
5:28
to be a defining issue in your
5:30
business, your life, your family in five
5:32
years, like, you'll be fine. And so
5:35
when you're ruminating in the middle of
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the night, you're like, oh, but the
5:39
box came out the wrong texture. Well,
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is that a problem in five months?
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But not really, because you can switch
5:46
that box. You can get a new
5:48
box in the next few weeks. Right.
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And will anyone else know what the
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box was supposed to look like? No.
5:54
Right, that's the other piece, but I
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think so much of it is... especially
5:59
at launch. Yeah, I get it. Trust
6:01
me, I get it. And first impression
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and the pressure and you try to
6:06
compartmentalize it and say, okay, all I
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can control is this extension of my
6:10
essence and my aesthetic and what I
6:12
want to share with people. But you
6:14
know, I think in that focus on
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the details, at what point can you
6:19
release some of the attachment to it?
6:21
Right? To be completely attached to the
6:23
process and attached to the intention, but
6:25
in some ways detached from the outcome.
6:28
I mean, you have to detach from
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the outcome. You have to. It's a
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little bit like the way we talk
6:34
to our children. It's, did you try
6:37
your best? You know, like, did you
6:39
really give it your all? And if
6:41
you didn't, like, if you... you know,
6:43
if you missed the meetings for the
6:45
packaging and you let it slide till
6:48
the final hour, then like, yeah, that's
6:50
not great. But if you gave it
6:52
your all and like you really, you
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know what, you did what you could,
6:56
your team did what they could, and
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this is the way it ended up,
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like, it's gonna be good. It's gonna
7:03
be great. And I also think that
7:05
candidly... energy is everything and I think
7:08
if you're so stressed launching your customers
7:10
will feel the stress like that. And
7:12
so it's almost like shake it off
7:14
it's like it's you know i don't
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i'm not comparing our customers up for
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our businesses to the way our children
7:21
pick up on energy but there's something
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deeply intuitive and brilliant about the way
7:25
children can read energy you know if
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you're stressed children can feel it i
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also feel that there's an intangible invisible
7:32
energy attached to launches attached to products
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attached to all this and so you
7:36
kind of want to like do a
7:39
happy dance for your products and send
7:41
them out the window because like that
7:43
happy energy is going to land inside
7:45
someone's kitchen counter and you want that
7:47
for them. And so I think it's
7:50
kind of like just shake it off.
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