Ep 230 | Neha Kumar
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Neha Kumar is a serial entrepreneur and investor. She’s the co-founder of Full Glass Wine, a DTC wine consolidation business, and co-founder of New Money Ventures, a consumer fund and brand studio focused on empowering the next generation of entrepreneurs.
Beyond her reputable banking career, Neha has worked at several startups over the years and, most recently, served as the COO and CFO of Create & Cultivate which sold to Corridor Capital in 2020.
Neha shares her unique perspective when it comes to building a successful company as both an operator and investor. In this episode, we learn about how she serendipitously landed in banking, why she chose to leave to start her own business, and how she prepared to do so. She also fills us in on the greatest challenges she faced transitioning from corporate to launching her first business, why it didn’t work out, and what she wishes she knew before going into it.
We also chat about why it’s never too late to re-create yourself and your life, what people get wrong with the concept of work-life balance, why you shouldn’t start a business around your passion, and so much more.
Show Notes:
Why Neha believes you have to constantly find yourself to be resilient. [2:49]
How to find yourself without being influenced by others’ expectations. [5:09]
Impact of Neha's parents' values on her life. [7:11]
Advantages of achieving financial independence. [9:57]
What prompted Neha’s banking career. [11:10]
Transition from banking to startups - preparation and motivation. [14:59]
Inspiration behind Neha's entrepreneurship journey. [16:56]
Her greatest challenge transitioning into the startup space. [17:25]
The importance of embracing your wholeness. [20:41]
Insights Neha wished she knew before her first business. [22:00]
Neha's decision to let go of her business. [24:21]
Neha's definition of entrepreneurship. [27:09]
The difference between self-interest and selfishness. [30:03]
Importance of separating business ideas from hobbies. [31:05]
Misconceptions about work-life balance. [37:25]
How Neha balances her priorities. [41:07]
Motherhood in the professional world. [45:32]
Support from Neha's job after childbirth and its impact on motherhood. [46:56]
Qualities Neha seeks in founders as an investor. [54:08]
Evaluating resilience in a founder. [55:44]
Advantages of passion in business. [59:34]
Significance of team building and individual empowerment. [1:03:41]
Lessons from motherhood: letting go and having faith. [1:07:24]
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Follow Yasmin:
Yasmin on Instagram: https://www.instagram.com/yasminknouri/
Follow Neha:
New Money Ventures Website: https://newmoneyventures.co/
Maie Wines Website: https://drinkmaie.com/
Instagram: https://www.instagram.com/nehatkumar/