Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
kind of groundbreaking, very groundbreaking and also impactful, not just for what we're creating, but women's health, generational health at large.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
So when you asked me about, you know, exit versus building, I mean, I think both are important, but why I'm doing this a decade later is things like this, that I'm getting to actually impact outcomes and generations of people, which is really exciting.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
I think we went through this a decade ago when I was fundraising, when people were telling me that pregnancy was niche, postpartum was niche, menopause was niche, and yet it made up the collective women's health experience and something that I only went through, that I continue to go through and see with my own eyes and why I'm building in this space.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
But I think what we're in this really interesting moment in time culturally where niche, even though I don't consider those things niche, niches are actually what drive cultural change and community and marketing.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
Like some of the most successful companies today will be focused and started around niches because that's how you start by building community.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
And that's also how
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
marketing engines are working these days.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
So it's a really interesting time.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
People often tell you to not focus on a niche, but I would absolutely focus on the niche if I was starting something today.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
Totally.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
I think that people have an instinct to go really big and wide right away.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
But when you're starting a company, going more narrow is actually so much more impactful.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
For us, we started with a multivitamin, one single product, one way to buy it, one price point.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
And people were like, why are you launching all of these other things at once?
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
But we started with one thing.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
because it helped us build the trust around our consumer, like your wife.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
And we earned that trust.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
And only later on did we launch a prenatal vitamin because people were like, oh my gosh, you stand for transparency of science and sourcing.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
I know where my ingredients come from with you guys.
Founder's Story
The Supplement Industry Is Broken and Ritual Is Rebuilding Trust From Scratch | Ep. 409 with Kat Schneider Founder & CEO of Ritual
I feel safe.