Kimmy Scotti

Kimmy Scotti

General Partner at eight Partners and Founder of the women’s health and wellness company Monthly Gift.

THIS CHAT HAPPENED ON November 25, 2015

Discussion

Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
Hi all, Kimmy here. I'm a General Partner at eight Partners and Founder of the women’s health and wellness company Monthly Gift. Prior to eight Partners, I served as the Executive Director of Business Development & Operations at Loeb Enterprises where I co-founded Script Relief, a direct-to-consumer healthcare company that has helped over 10 million Americans afford their prescription medications. I also serve as the Executive Chairman of The RunThrough, the international, digital showroom connecting established and emerging designers to the fashion press. Prior to graduating from The Fashion Institute of Technology, I created Mimz New York, a fashion jewelry line that was sold at Bloomingdales and featured on the hit show, “Project Runway”. I'm also a member of New York Angels, an advisor to the CFDA Incubator, and an advisor to Cornell Tech. Happy to be here today! Ask away.
Andrew Brandeis, ND
Andrew Brandeis, ND@mhealthdr · CEO, SharePractice
@kimmyscotti Long time listener, first time caller. Question: how did you become so fabulous?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@mhealthdr Hahaha - moving right along.
Jonathan Shriftman
Jonathan Shriftman@shriftman · BD, Snaps / Founder, Humin (acq Tinder)
Hey Kimmy, thanks for being here today! Can you share some more how you evaluate potential companies? What criteria do you look for?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@shriftman So I answered this a bit below in detail as well, but really it boils down to do we believe the founder is a winner, can they take the idea the distance, does the idea map to reality, does it solve a BIG problem, do they take guidance well are they good collaborators, are they a flexible thinker, do they have a strong engineering culture, etc!
Ryan Matzner
Ryan Matzner@rdm · Director, Fueled
@kimmyscotti You're all over the place. From fashion to health care. And you do a lot at once. How do you stay focused and organized?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@rdm I have serious ADD and way too many interests...clearly. I have this best friend, Nicole Williams, who is a bestselling author and career expert (can't hurt to have one of these in your corner, right!?) who told me like 9 years ao that "balance is bullsh*t and focus is all you can really do." and so when I am working on something, I try to just give that 100% of my attention and not think about everything else at that moment. So I'm actually only masquerading as an organized person. I also have this really amazing TEAM (hi guys!) and PARTNERS (yay!) who help support all of my craziness and enable me to scale my time.
Kate
Kate@katesegrin · Head of Social @ GitHub
Who are some of the people that have made the greatest impact on your life? (Stories, please!)
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@katesegrin Hi Kate! I have been incredibly lucky to great people around me and they have made huge impact on my life. So Ill start early. My parents are absolute hustlers, they worked so hard to give me an education and taught me the importance of hard work and also of family, I have two brothers and a sister who are my best friends and always in my corner. When I wanted to start my first company at 15 years old...a jewelry line...they didn't say, "you are insane"...my Dad drove me to the county clerks office and staples to get a little book to write receipts and turned over their dining room as my office. Michael Loeb, who I went to work with at Loeb Enterprises after college, taught me about abundance...he showed me that the sky is the limit and that I wasn't just "back", that I could also think my way through problem solving. Joe Lonsdale, one of my partners at eight Partners is the first person to tell me that I needed to solve BIGGER problems. I'll come back to more of these people!
Kate
Kate@katesegrin · Head of Social @ GitHub
Who are some of the most kickass women in tech (besides yourself 😉) that we may not have heard of?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@katesegrin Kate! There are so. many. kickass. women. in. tech. I. love. Okay...the one I probably love most...is Meredith Finkelstein, co-founder of Print All Over Me. PAOM is a platform for creating customized clothing - Meredith is like superwoman...wife, mother, sister (her brother, Jesse, is her co-founder!), rocket scientist, engineer. She literally does it all and inspires me every time I see her. Sterling Witzke @ Winklevoss has a great eye for identifying incredible early stage founders...and this girl's nail game is seriously on point. Morgan Beller @ Andreessen...understands the need to build a community and makes it her mission, literally couldn't adore a human more. Daniel Goldstein @ Innovation Endeavors in Tel Aviv, few people bring more heart to their day to day than this girl. Heather Marie @ Shoppable...crushing the universal shopping cart game...and with such poise. Erin Yogasundran, founder of ShopJeen...this girl truly understands the importance in of-the-moment-trends in e-com. Vanessa Pestritto @ New York Angels showed me the ropes of the NY angel scene early on. I try to keep all the smart girls together!
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@kimmyscotti @katesegrin OMG I missed some...Alexandra & Katherine Keating...sister geniuses...AK founded @dwnldmedia and KK founded, One on One series - the coolest mobile first interview platform where she talks to all of these great leaders about something that is important to them that we might not know about. Obsessed with these two and crazy about their content. OH and Maddy Maxey @thecrated, lets please make LED clothing all day, seriously.
Ryan Hoover
Ryan Hoover@rrhoover · Founder, Product Hunt
Hi, Kimmy! You've done a lot of different things. Why did you choose to become a VC?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@rrhoover This is a question people ask me a lot - its so fun building companies, so why move to investing in companies...I fell in love with investing because it's really the only place that you can sit in between the two things I value most highly in the world - People and Ideas. As an investor, the most creative people in the world come and see you and tell about something they hope to create, and they are asking for YOUR help to bring it to fruition, I loved that process as an angel and decided to go industrial strength!
Alex Carter
Alex Carter@alexcartaz · Operations @ 60dB. Ex-PH Podcasts 😻
What markets or type of ideas are you most excited to invest in and why? What do you look for in founders you angel invest in?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@alexcartaz Alex! This changes for me all the time...Im really excited about just-in-time-produced everything and mass customization. I think it means less waste in general, more investment in the things we buy because they are truly for you (and maybe by you - like in the case of Print All Over Me) and a lot if taking middle-men out of transactions.
Alex Carter
Alex Carter@alexcartaz · Operations @ 60dB. Ex-PH Podcasts 😻
What is the most insightful thing you've learned from being a founder? From being an investor? And from being a creative?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@alexcartaz This is such a great question! So from being a founder, I think one of the most important things I have learned is that your plan is like a good roadmap, but it can't be set in stone. We pivoted to building ScriptRelief from a digital magazine company...super random. You have to be flexible and listen not just to the information that comes in loud and clear, but look in the data for the ground swell...little whispers...to tell you where you should be going next. As an investor, I think the most important thing I'm learning is to truly partner with your companies and be there during the tough times...I always want to be the first phone call when something is going wrong, not the kind of investor you hide from when you have bad news. I want to roll up my sleeves and get in the trenches with my founders and their teams. As a creative...the most insightful thing I have learned is to just CREATE...don't over think it. People often plan and plan and plan...planning is the enemy of the creative. Just create and then iterate. Also I think in all of these roles I take on, I apply my creative self. I always just define myself as a "Maker." Sometimes I make companies, sometimes I make investments, sometimes...I make meatballs.
Alex Carter
Alex Carter@alexcartaz · Operations @ 60dB. Ex-PH Podcasts 😻
What advice would you give your 20 year old self?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@alexcartaz So this year I turned 30...(WTF. THIRTY!?) and I think I would have told myself 10 years ago to just worry less...I would tell myself what I tell my founders now..."You won the 'brain lottery', you make things with your mind, it's rare, enjoy it." I was so focused on my work/company/etc..that I didn't stop a ton to look around and realize how fun it all was in the process. Now I am more present...at the end of a busy day, even when it's a really really hard one, I'm super grateful for the work I get to do and I realize it.
Tim Porthouse
Tim Porthouse@timporthouse · CEO Coach, Zealeap
What has surprised you about the business person you've become in the last few years Kimmy?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@timporthouse I think what is surprising in general is that I just am allowed to do what I do all day long. I'm always sitting in these rooms with my team or partners or other founders and someone asks a question and then all the heads turn and look at me and you sometimes get this overwhelming fear that you don't know the answer to something, and then you hear an answer and some of the heads nod and you look around and realize it was you talking and that you had the answer! What a concept!? I think if you are doing things right you always feel like a bit of an imposter and that you are in a gig thats too big for you, and then you prove to yourself you can do it and move on to the next thing. I am always surprised that no matter how many people think you are successful, you always just feel like you stepped in to that movie, Don't Tell Mom the Babysitter's Dead, and you are mistaken for the boss but are really just a little kid in your moms clothes answering questions of other kids wearing their mom's clothes and sometimes...hopefully most of the time...getting the answers right.
Adam Carver
Adam Carver@adamcarv · AngelList
Wow @kimmyscotti! I'm very interested in females and female products. But sometimes feel awkward talking about it. How can I bridge into demographics where I'm not a member?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@adamcarv You are right to want to invest in females and female products...we are THE consumers, right? I think it's important to kind of note the gap here..."I know Im not the end user of this product, but I've done my research and I'm passionate about the problem and supportive of what you are doing...tell me more about it." Trying to raise money for a feminine care product was hilarious. My male investor counterparts were like, "just stop saying tampon to me and I'll give you whatever you want."
Michael Farber
Michael Farber@michaelxfarber
Hi Kimmy! What is the most frustrating question you receive as a female founder/vc?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@michaelxfarber UGH I get the most frustrating questions being female in this space...but I wouldn't change it for the whole world...you should see my shoe closet. I think the most difficult thing that happens but less so now, is that people bring you "girl" things to evaluate only. "Hey can you look at this bra company or make-up company or fashion company..." rather than just allowing me to evaluate all different kinds of deals that I could be interested in, I want to see everything, so bring on the referrals! I think the worst thing that happens is kind of hilarious...I'll be on a date and the guy finds out what I do, and the next day, I get the dreaded 'deck pic'..."Hi Kimmy, I thought I would share what I'm working on..." The end. No second date. Lose my number!
Erik Torenberg
Erik Torenberg@eriktorenberg · Former Product Hunt
@kimmyscotti @michaelxfarber i keep my deck picks to snap chat
Andrew Brandeis, ND
Andrew Brandeis, ND@mhealthdr · CEO, SharePractice
@kimmyscotti @michaelxfarber ....is that why you're not returning my calls?
Diana Rube
Diana Rube@di4rube
@kimmyscotti Is there one piece of career advice you have received that you always come back to? If so, what makes it so important to you?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@di4rube So this piece of advice came from Michael Loeb...Founder & CEO of ScriptRelief. Michael told me once that I would always win because I can work the hardest and that because of that I rely on my "back" all the time, but that I should learn to trust my brain because I am also smart...essentially don't always use the hammer...use a scalpel. So whenever I am working on something, I ask myself first brain or back? Hammer or scalpel?
Erik Torenberg
Erik Torenberg@eriktorenberg · Former Product Hunt
2) You + Jake + Drew + Joe are a dream team - but with hundreds of other funds out there, what's your unique core offering to startups? What do you guys do or believe about what makes a great investor that other's don't?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@eriktorenberg We really are a great team to have in your corner because we are this unique blend...Joe is a top founder/serial entrepreneur, Drew is an incredible investor with a killer track record, Alex is one of the MOST technical investors around, Jake is a founder the BEST business development person ever and then I'm an operator/founder. We are so founder friendly because so many of us are founders ourselves. We have all spent our careers building relationships with other founders and business leaders and creating community around ourselves. I think that what is most important is that we work as a team and leverage these communities and provide access to our founders to the people and information that they need. This ensures that our founders get the best advice or the help that they need. We are also really great at involving one another when we need help, I am new to industrial-strength investing...even though I have been an angel...so when I have a question about terms that I'm not sure of or something about a deal that doesn't seem right, I can call on Drew or Alex, who have literally seen it all. I seriously could not ask for better partners!
AALLEEXX
AALLEEXX@aalleexx · Product Designer
@kimmyscotti I am excited about rumors I've heard related to you starting a podcast. Can you tell us more?
Dre Durr💡
Dre Durr💡@dredurr · Growth is the only thing that matters
@kimmyscotti Hi Kimmy In the spirit of Thanksgiving. 🐓 If you were to hold a Thanksgiving dinner with 5 of the greatest minds dead or alive for you to learn from. While also eating a delicious dinner. Who would be at your table?
Arpit Gupta
Arpit Gupta@arpitgupta · Product Manager
@kimmyscotti Can you tell more about MonthlyGift? What's the offering? Monthly gift box for women? Looks like you already made some great hires. Good luck.
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@arpitgupta Monthly Gift. is going to be EPIC and you are right, we made amazing hires (Shout out to my "Girl Band!"). First, the idea. Monthly Gift is a tech-enabled subscription service for all of your feminine care needs. In one box you can have tampons, pads, liners - all fully customizable to a woman and her individual needs (LADIES...go sign up for launch info at monthlygift.com now!) My team is incredible and we are doing a lot of innovative things in the space. Also...LisaMarie, my sister is my COO on Monthly Gift...its the most fun part of my day is that I get to work with my sister. In reality, we are launching with menstruation, but we are really striving to build a women's health company, for women by women...so stay tuned. Thanks for the well wishes.
Arpit Gupta
Arpit Gupta@arpitgupta · Product Manager
@kimmyscotti @arpitgupta Awesome. Thanks for the info. Any thoughts on targeting this to men so they can buy this care package for the women in their lives? Also, might want to look into http://www.menstrupedia.com/ @menstrupedia -- comics to lift taboos (big problem in various parts of the world) related to Menstruation
Ben Tossell
Ben Tossell@bentossell · Makerpad.co
What part of your day/week is the most valuable (to you) with regards to work?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@bentossell I never really think about work day/week in general - I always say my work isn't 9-5 it's more eyes open-eyes shut. So I call my weekends the "sides of the pool" it's like all week long you are swimming in the deep end and treading water because you have TONS of meetings, and when you are in meetings your time is standing still because you are focused on that person, and then when you get to Friday night lots of other people switch off so it's a great time to get ahead of my schedule, get tasks done and just power through my work work, reading through decks/presentations, etc.
daniellevine
daniellevine@daniellevine · Fireside
@kimmyscotti Hey Kimmy! Thank's for doing this AMA. I'm wondering, what's the best thing you've come across in the last 30 days and why? Could be anything, a product, an article, a tea, a quote. Anything! Thanks for answering.
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@daniellevine First of all...I am like a crazy seeker of new things I can obsess about. One of my latest obsessions is Hey Day, it's like a little mini spa that takes the ceremony, but not the ritual, out of getting a facial while still allowing you the glowy skin. They have 30 and 50 minute facials and you just sign in, jump in a chair and get prettier. I am on the go a lot and I travel a TON (My partners are all in SF and I am based in NY so I am on long haul flights all month long), which dulls your skin and makes you look tired so Hey Day has been my saving grace! While on beauty, I'm also a CAPbeauty.com junky, it's newly launched in the west village and I'm crazy about their curation. On the content front, I'm loving Finimize.com right now - it's this email that translates financial news into english so that I better understand what is going on in the world. And Ill end with a new quote that I am nuts about...I was Alice in Wonderland for Halloween this year and so in re-reading the story I came across this Lewis Carroll quote, "It's no use going back to yesterday, because I was a different person then." I feel like I am constantly reinventing myself, and this so accurately describes that feeling.
Beautified
Beautified@beautifiedapp · Co-founder Beautified
@kimmyscotti How do you go from running a startup to creating a VC fund? What's the first step?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@beautifiedapp It's so funny because this felt like a really natural progression for me but people are always really surprised (particularly, my parents?) I think founders gravitate toward other founders for advice, so when founders I really believed in started coming to me for advice, I started also giving them a little bit of money so that I could get aligned. It was baby steps to the "other side of the table" and now when I'm there, Im super empathetic to the founders. I've lived in their shoes, I know the struggle (...is real.) So when earlier this year, I decided to go industrial strength and build eight Partners, It was another baby step and not a giant leap. So I would stay, start small, prove out your thesis a bit and then go big!
Ryan Matzner
Ryan Matzner@rdm · Director, Fueled
@kimmyscotti @beautifiedapp So, basically, becoming a VC and building up a portfolio and fund is just like MVP'ing on the product side.
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@rdm @beautifiedapp Exactly how I think about it, just start...and learn and grown and change and pivot and then going industrial strength. Just like building a product.
Sar Haribhakti
Sar Haribhakti@sarthakgh · Learning
Hi Kimmy! I am loving all your answers so far. Thanks for answering. I have a rare opportunity (considering my background , location etc) to become a VC associate for two partners. (One of whom has raised a university affiliated VC fund that is doing decently well). Would you recommend jumping on the opportunity and going all in even though the partners are still in talks with LP's? Think it could be a great behind-the-scene things experience ?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@sarthakgh We have a pretty smooth process...we meet with the founders, we try to meet in person (nothing like good old face to face), get a walk through of the product or idea for the product if it's pre-product...we do our research understanding the market, sometimes consult experts if its in a space we don't have a great hold on...we are lucky to have SO many amazing advisors. And really it boils down to do we believe the founder is a winner, can they take the idea the distance, does the idea map to reality, does it solve a BIG problem, do they take guidance well are they good collaborators, are they a flexible thinker, etc? And we try to get everyone through the process quickly so that there is not a lot of waiting around for founders...which we know is the worst.
Sar Haribhakti
Sar Haribhakti@sarthakgh · Learning
@kimmyscotti @sarthakgh I see. Thats true. Most teams pivot. So investing in the people makes sense. Thanks Kimmy!
Erik Torenberg
Erik Torenberg@eriktorenberg · Former Product Hunt
Kimmi! Thank you for joining us :) two questions (no being modest!) 1) What is your core competence? What makes you great at what you do?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@eriktorenberg Erik! Thank you for having me on @producthuntlive, this has been really fun! I think that my core competence is an ability to break down big problems into bite sizes...so that they just seem more "figureoutable". People always get tripped up by big problems and back down, I just say "Okay people, we are not curing cancer here, let's see if we can make this happen."
Sam Sabri
Sam Sabri@samsabri · Growth @ Polarr
@kimmyscotti any favorite books you've read this year? :)
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@samsabri I am a crazy reader...there are so many books on my bedside table right now its so hard to keep up. They are lots of serious businessy books...so one of those I liked, Joe Lonsdale sent to our entire team, called The Checklist Manifesto. It speaks to my need to simplify problems into tasks to get things done well/perfectly. But also on the funnier side, these great girlfriends of mine Stacey Heuser and Jackie Lann Brockman @ The Narrative Group turned me onto the book "Why Men Love Bitches", and its HILARIOUS...all about being a Babe in Total Control of Herself (and applies it to dating...), a meaning for the word BITCH that I actually identify with. I just ordered Anne-Marie Slaughter's new book, "Unfinished Business"...love her stuff, definitely my Thanksgiving weekend read!
Sam Sabri
Sam Sabri@samsabri · Growth @ Polarr
@kimmyscotti thanks for the recommendations, they all look great!
Tyler Scott
Tyler Scott@tsmeeton · Publicist
Hi Kimmy! You've been successful in so many different areas. How do you stay nimble and adaptive in you career? Is there a particular project or sector you're most excited about right now?
LisaMarie Scotti
LisaMarie Scotti@lisamariescotti · Chief Operating Officer, Monthly Gift.
@kimmyscotti do you think we can patent the process of licking your feet and hands to climb up the walls?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@lisamariescotti Not sure that you can patent licking your own feet...but maybe licking the feet of others to climb the walls could get a business process patent? #insidejoke
LisaMarie Scotti
LisaMarie Scotti@lisamariescotti · Chief Operating Officer, Monthly Gift.
@kimmyscotti what do you think the long term impact has been from being forced to wear a uniform to a public school? @PS207
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@lisamariescotti Hi Eash! So...for the many of you that don't know...this is my sister and she is the COO of Monthly Gift. To explain a bit, she is referring to our (Sicilian) father making us wear catholic school uniforms to public school...in queens...in the 90s. And just in case you thought we were wearing ugly plaid clothes, he had custom patches made saying P.S.207 so you would know for sure that they were uniforms. I think the longterm effects...aside from a general hate on for blue plaids...sorry hipster friends...is a life long commitment to rule breaking and wearing whatever the ef I want (hence the red, white, and blue dress debacle a Hillary Clinton dinner in LA...but that's a story for another day.)
Arpit Gupta
Arpit Gupta@arpitgupta · Product Manager
@kimmyscotti What are the skills (professional and personal) that you are looking to gain/expand in the coming years?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@arpitgupta Both professionally and personally, I'm focused right now on vulnerability. I am really focused on being myself all the time - not Kimmy the investor/entrepreneur. Early on in my career I was really all work and no play, and it taught me the wrong thing...that my work was the most important thing about me and that I HAD to create value for others. Now, I sometimes just "am"...one of my great girlfriends @rebeccaparekh taught me something @deepakchopra taught her..."You are a human-being, not a human-doing." So while I am a human-being doing tons of things I love, I'm also practicing the just being the human bit as well.
Arpit Gupta
Arpit Gupta@arpitgupta · Product Manager
@kimmyscotti What an awesome and genuine response. Love the phrase "human-being and NOT human-doing". Have you see this talk from @brenebrown on vulnerability? https://www.ted.com/talks/brene_... @arpitgupta
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@arpitgupta I HAVE...and I love this talk. Thanks for sharing!
Emily Snowdon (née Hodgins)
Emily Snowdon (née Hodgins)@emilyjsnowdon · Operations @ Product Hunt
@kimmyscotti During your career to date, what has been your a) most challenging moment and how did you overcome it? b) proudest moment and why? c) most surprising moment?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@ems_hodge Emily! This is such a great question. My most challenging moment to date...and there have been a TON of challenging moments, lemme tell ya, was leaving a business partnership that was super important to me, and a company that I was building day to day and had really put blood, sweat and tears into...to do something different. I was so worried that relationships with my co-founders wouldn't bounce back or that I wouldn't love what I was doing next as much as what I was building then. But then I remembered something @nicolewilliams says all the time, "risk is about the HOPE of something better, not the guarantee of something more..." So I just jumped, and have had a different but incredible relationship to partners from my past endeavors and couldn't have even imagined the incredible opportunities that came my way...building eight Partners really is my life's work coming to fruition...I get to work with an incredible team every day and work with the most incredible founders (@tinyrx @opencare @omni @monthlygift @super, etc etc). I'm obsessed with my partners and our founders are literally the reason I get up in the morning. My proudest AND most surprising career moment to date was actually a week ago...I was being interviewed by Nanon de Gaspe Beaubien Mattrick and (Founder of Beehive Holdings and Executive Chairman of Monthly Gift!) Nan-B de Gaspe Beaubien (an amazing woman and the mother of Nanon!) at WEFI, the Women of Enterprising Families Initiative conference. The interview was 100% personal questions about my life and included parts of my upbringing that were very difficult and that I seldom talk about, and it was the first time that I had told the story really out loud. The response was amazing and there was so much support for what I am doing now...so I guess it boils down to that my career got me to the seat on the stage, but that I was able to practice vulnerability and use my accomplishments to share and help others...I was really proud of that.
Human Ventures
Human Ventures@human_ventures
@kimmyscotti What have been your favorite eight Partners investments to-date?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@human_ventures First of all...these are MORE favorite women in tech, absolutely adore Heather Hartnett and Meghan O'Connor from Human Ventures. This is like asking me to pick my favorite pair of shoes (or some other people say, their favorite child)...all of our portfolio companies are my favorite. I am just going to pick one to talk about for right now! Omni is disrupting the self-storage space....(OR better said, they are changing the space space?!) Tom McLeod, founder of Omni is one of the people I think about when asked why did I become an investor in the first place...what we are looking for in a founder that is going to go the distance is like bottled up in this one perfect example. Crazy about his space, passionate about the problem, surrounds himself with an incredible team and could literally bring the moon closer to the earth if it meant making his business successful. I call these few-and-far-between cases, "Blank Checks" and we are lucky to have a portfolio full of them right now.
Articulate
Articulate@articulateprod
What is the one thing all your investments have in common? what is the thing that make it an investment for you?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@articulateprod I think that the only thing all of our investments have in common are founders/teams that we believe in, a strong engineering culture and a problem we are excited about. The products themselves, the culture of each team and the way they execute are all totally different. Oh...and they have eight in common :)
Tim Porthouse
Tim Porthouse@timporthouse · CEO Coach, Zealeap
What's an investing mistake you made and how did you change because of it? (No need to name names!)
Ryan Matzner
Ryan Matzner@rdm · Director, Fueled
@timporthouse @kimmyscotti But feel free to name names if you want.
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@timporthouse @ryanmatzner So this is less of a money-investing mistake and more of a time-investing mistake. Which I think is worse. I once took a role fixing a company because the person who asked me to was really important to me (as a friend, advisor, investor, etc)...and this was a big favor but I wanted to help them specifically and really wasn't that excited about the company but I knew I could do it. While I loved helping the person, I hated the day to day and it was so much harder than the actually hard work I had to do because I didn't really want to do it and wasn't excited about it. Moral of the story...don't do things just because they are important to others. Building companies is too hard to do it for someone else - do it because you are passionate about the problem. Uri Levine, founder of Waze and now FeeX, wears this shirt like every day that says "Fall in love with the problem, not the idea." I try and remember this all the time now when I'm assessing opportunities and companies. Say to yourself, "I love this now, but am I going to love it when I'm exhausted and it's 3AM and I am still up working on it?" If the answer is no, your answer needs to be no as well.
LisaMarie Scotti
LisaMarie Scotti@lisamariescotti · Chief Operating Officer, Monthly Gift.
@kimmyscotti being so close to you I know there are a lot of brilliant people circling around in your orbit and that line between friendship and professional relationship can get blurred very easily. Is there anyone in particular you can speak about that you've been able to successfully sit on both sides of the table with?
Kimmy Scotti
Kimmy Scotti@kimmyscotti · Partner, eight
@lisamariescotti Totally. You. You are my sister and my COO on Monthly Gift. And you are brilliant and you're literally in all my orbits. Family, friends, professional. Blurred lines all over the place. So...should we really piss off Mom and host our board meeting over Thanksgiving dinner tomorrow? Love you.
Jaime Weinberg
Jaime Weinberg@jaimeweinberg
Hi Kimmy! What markets or sectors have you not yet invested in, but would like to in the future? Why those specifically?