Defying the Entrepreneurial Odds: Building an Emerging Sustainability Brand During the Pandemic with Stephanie Downs
Description
Stephanie Downs has more than 20 years of experience as an entrepreneur and spent over a decade advising fashion and automotive brands on animal alternatives. She also founded the largest plant-based meat company in India.ย
In this episode of Pivot, Stephanie Co-Founder and CEO of Uncaged joins us to share her story of founding a sustainability brand during the pandemic. Uncaged is a biomaterials company combining the power of nature and technology to reimagine leather.
Stephanie Stephanie and co-founder and CTO Dr. Xiaokun Wang spent two years in the lab working to find a way to replicate the characteristics of leather. After testing thousands of combinations, they developed Uncaged's proprietary bio-leather materials and launched a business in the midst of a pandemic.
Tune in to hear Stephanie and Dr. Wang's journey into vegan entrepreneurship and what it takes to get a sustainable brand off the ground.
Get to know Stephanie and Uncaged better here: https://www.uncagedinnovations.com/
Quoteย
There's never any harm in planning out the big picture and then breaking it down into chunks. I personally do it to make the big goal less overwhelming. So we take a big, one-year goal, and then break it down into quarters, and then break it up down into months.
โ Stephanie Downs
Shownotes timestamps
๐ฆ [00:20 ]Taking animals out of products and still having cool things.ย
๐คฏ [03:36 ] Stephanieโs business history: from working with PETA, starting her plant meat business and going into leather-alternative space.
๐ [06:23 ] Most vegan leathers are made of plastic: innovation in next-gen vegan leathers.
๐ [09:00 ] The demand for leather alternatives is vast and mostly comes from fashion brands.
๐ [11:10 ] Collaborative relationship with smaller and huge brands: electric vehicle industry and creative processes.
๐ [13:28 ] Market penetration is different within automotive and fashion industries: startup needs to strategize where to focus the energy.ย
๐ฉ [16:08 ] Staying sharp in strategic mindset: breaking KPIs into monthly plans and additional tricks.
๐ฏ [18:40 ] Helping companies hear your voice and choice, plus voting with your dollars, are great approaches to getting more vegan products made.ย
โจ [20:22 ] Vegans are loyal customers: vegans love luxury too.
๐ฎ [22:58 ] The importance of educating consumers: leather is embalmed skin - how the products are made.
๐ฅ [25:54 ] Switching to vegan food is the hardest because food is an emotional thing, but people will start using other vegan products very easily.
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Thanks for listening to Pivot, our vegan business interview podcast. This is recorded as a live-streaming session, so I hope youโll join us for future interviews as well! If you are feeling inspired but unsure of how to take actionable steps to improve your business, I invite you to explore our two premium paid podcasts, Going Solo and Fix It.