Cake Ventures’ Female Founder Drives Layers of Change

We hope this feature during Women’s History Month (and our Furnishing Futures blog) inspires you to consider new and different ways your skills and experience can reach beyond traditional boundaries to positively impact others and address critical issues. #womenshistorymonth

This dynamic woman takes a different path than most individuals looking to invest in diverse company founders. Cake Ventures, the firm she launched in 2021, is diving deeper into diversity with a goal of driving demographic change.

Monique Woodard launched Cake Ventures to affect the “layers” of what she calls tomorrow’s internet users: the aging population (“by 2034, Americans over 65 will outnumber those under 18”), the earning power of women (“the original influencers”), and the “majority-minority” early adopters from Asian, Black, and Latino markets.

To address this powerful demographic shift, Cake Ventures raised a $17 million seed and pre-seed venture fund. A recent Forbes feature shares, “about 40% of its investments to date are led by women founders, and 40% by founders who identify as Black,” although it isn’t a prerequisite of the fund. Woodard sees this as a natural occurrence when you change who founders see across the investor table.

Despite her extensive entrepreneurial career building and selling technologies, time as a Venture Partner at 500 Startups, and a Venture Scout at LightSpeed Ventures, Woodard acknowledges the challenges of raising the fund. She tells Forbes, “raising a fund as a woman is like crawling through glass. Raising a fund as a Black woman is like crawling through glass with no clothes on, and then they pour fire ants all over you.”

Today, Cake Ventures’ portfolio includes a wide variety of companies, including Pamper, which offers sustainable, collectible boxes marrying fine art with nail designs using only vegan and cruelty-free products. (Consumers can order a Mystery box of Claude Monet designs.) Rares is an SEC-regulated stock market where you can invest in sneakers and other collectibles. Guaranteed focuses on hospice care, blending at-home treatment with cutting-edge technology. And Serif is a global members club for LGBTQ+ members and creators.

In addition to her investment fund, another respected skill of Woodard’s is her depth of research and data. In 2020, she authored Gray New World, a report that outlines the opportunities, shifting trends, and tech requirements in healthcare, technology, and retirement for today’s aging population.

Outside of the diverse entrepreneurs Woodard attracts, her efforts draw the attention and investment of extraordinary women such as self-made entrepreneur and investor Arlan Hamilton, founder of Backstage Capital (who built her venture fund while homeless). High-profile philanthropic leaders, like Melinda French Gates’ Pivotal Ventures, have also invested, as has Screendoor, Bank of America, and Cendana Capital.

Learn more about Monique Woodard, Cake Ventures, and its portfolio of companies here. Listen to her podcast interview on Venture Unlocked.

Smoothing the Rough Edges (Takeaways from 2022)

Starting and growing an artisan business is like making a handcrafted gift box. It begins with raw beauty, the right tools, and a careful selection of pieces. The process then shifts to refining and removing the excess, making solid connections, and a proper fit. Finally, you identify and smooth the rough edges before continuing. The end goal is something you’re proud to share.

Each year, we review the business in the same light, to discuss rough spots and how to smooth the process. We reflect, fine-tune and celebrate success. Every year brings opportunities and challenges, and 2022 didn’t disappoint. Here’s what we learned and what’s next.

Boundaries

You might remember we kicked off 2022 intending to bring more ease into the business, as shared in our blog, At Ease, Please. And Other Lessons Learned. We held to our intention of creating more calm - a worthy goal. We took family time off in the summer, enjoyed date nights, and set deadlines for accepting orders during the holiday season. We remind ourselves that we are in charge of our schedule. Stepping away shouldn’t be celebrated as so much of an accomplishment but infused into business as normal, healthy, and expected.

The Social Media Tsunami

A recent LinkedIn report confirms what we’ve felt for a long time. What started as simple image posting has evolved into an entire department of specialized talent required to meet the demands of changing algorithms, the quest for visibility, and the appetite for new social content. Like us, every business owner has to determine their commitment to social media based on their team, budget, goals (and sanity). Keeping a laser focus on adding value is our best action plan which includes consistency and more videos - a trend that will continue. (No, we are not on Tik Tok.) The challenge is to remain vigilant and stick to the plan, yet flexible enough to adapt when needed.

New Additions

As planned, we added a new business section to the website, called BizCreatv. The goal is to speak to women, at or near the empty-nester stage, to spark their content and creative business passions. Let’s Go, Ladies! We also added a new line of serving and cutting boards to our Marketplace. Both have been very well received :) More to come.

And Then, the Unexpected

What wasn’t planned were the family medical and health issues that occurred in the Fall. We know many of you are experiencing the “sandwich generation” right along with us and are involved in the health care of parents and other loved ones. For this reason, we decided to slow the rollout of some content and push projects into 2023. It’s a reminder that planning for unexpected turns is necessary as life happens.

An Audacious 2023

Looking ahead, we’re excited to add bold new opportunities in 2023 without adding more hours - all while staying grounded in our commitment to “ease.” How’s that for lofty goals? Here’s to an audacious 2023! We’ll continue to share what’s next and celebrate with you as our artisan gifts arrive in the homes and havens of customers around the globe. #cheers!

Righteous Babe Founder Sings a Different Tune

During Women’s History Month, we’re featuring stories of artisan innovators and inspirational female leaders. As we celebrate these global go-getters, you’ll see their drive and determination to build businesses and lift others. We hope these stories inspire you to take your next bold step. (Note: We are not sponsored by or affiliated with any of these organizations or businesses.)

We’re finishing on a high note. Today, we bring you the story of the singer, songwriter, Grammy award winner, mother of two, and founder of Righteous Babe Records.

Ani DiFranco has spent decades putting her life experiences to music. She uses music to tell her stories and the stories of others that often go unheard. In 2020, Righteous Babe Records released the debut album of the Prison Music Project, featuring songs co-written by incarcerated and formerly incarcerated individuals.

A native of Buffalo New York, Ani DiFranco began playing guitar for locals at the age of 9 and songwriting at 14. She left home at the age of 15 after becoming an emancipated minor. Reflecting on those early days, DiFranco shared in a recent Ms. Magazine article, “I feel like…I have been writing myself into existence for thirty years. I came from a place in this world where I felt very small, very disempowered, very discounted, very pushed down, very afraid. I listen to my early songs and I hear songs of survival.”

DiFranco hustled to have her music heard, selling cassette tapes out of the back of her car, on consignment, and handwriting “Righteous Records” (later changed to Righteous Babe Records because of a naming conflict.) on the front of each tape. Scot Fisher, her dedicated business partner and the man who eventually became the President of Righteous Babe Records, worked with DiFranco to self distribute her albums to over 100 indie accounts. After a few years of playing shows, she was finally able to hire friends, and slowly the record label became a reality.

Because of DiFranco’s sizeable female following, she connected with distributors specializing in women’s music. Soon after, her albums began appearing in small music shops and women’s bookstores. In 1995, after the release of Not a Pretty Girl, her music distribution expanded, as did her team to fourteen people. 2001 marked the year Righteous Babe Records opened its European office.

In 2010, another singer-songwriter started volunteering as a performer and teacher at the New Folsom Prison in California. Over the next several years, Zoe Boekbinder began working with incarcerated musicians and songwriters, leading to the Prison Music Project. What started as five songs became nine, and the idea of an album was born. A mutual friend introduced Boekbinder to DiFranco, who committed to distributing the album via Righteous Babe Records.

In 2020, the debut album of the Prison Music Project was released. Co-produced by Boekbinder and DiFranco, Long Time Gone was seven years in the making and included nine songs co-written by incarcerated or formerly incarcerated people.

DiFranco recounts 2020 as one of the busiest for Righteous Babe Records. She released her 22nd album, Revolutionary Love, and Righteous Babe Radio launched.

Outside of music, DiFranco backs grassroots cultural and political organizations and is a vocal activist for LGBTQ rights and racial justice. DiFranco’s willingness to march to a different tune empowers her as a force for positive social change. In her memoir, No Walls and the Recurring Dream, you can read more of Ani DiFranco’s inspiring story.

You might also enjoy these female founder stories:

The Woman Behind the Whisky
Elevating Artisan Entrepreneurs in Guatemala

A Pioneering Spirit: The Woman Behind the Whisky

During Women’s History Month, we’re highlighting stories of artisan innovators and inspirational female leaders. As we celebrate these global go-getters, you’ll see their drive and determination to build businesses and lift others. We hope these stories inspire you to take your next bold step. (Note: We are not sponsored by or affiliated with any of these organizations or businesses.)

To help you celebrate the accomplished women in your life this month, we’re excited to offer our limited-edition Strong & Sassy Gift Box. (Today’s the last day to order, 3/31/22.)

Today, we're raising our glass to another artisan and female business owner making history. This pioneering spirit is one of the first Hispanic founders of Scotch Whisky. Not only has she built a successful business, but she's also created a fund to support other entrepreneurs of color.

As a first-generation Cuban American and woman entrepreneur, Carin Luna-Ostaseski knows a thing or two about building a business. Fueled by her desire to create a modern scotch blend and revamp the outdated perception of whisky as "an old man's drink," SIA Scotch Whisky was born.

Like most successful entrepreneurs, Luna-Ostaseski was scrappy in the early days going on distillery tours, visiting Scotland, attending whisky tastings, reading books on the subject, getting her bartender's license, hosting focus groups and workshops, even becoming a certified whisky ambassador.

In 2012, the initial funding for SIA Scotch Whisky came from an unlikely source, a Kickstarter campaign. She raised almost $50,000 in 28 days. It's one of the first scotches to be crowdfunded, and the result paid for the first production run. Since alcohol is prohibited as a reward, creativity ruled the day with shirts, flasks, and tickets to launch parties given in exchange for financial contributions.

Luna-Ostaseski held multiple jobs during the course of building the company. She grew SIA while working full-time in graphic design and communications for large companies like Reuters and small businesses. Her years of experience were instrumental in SIA's design, leading to the selection of the label, glass color, and bottle shape. Like most entrepreneurs, she worked on her business over lunch breaks, evenings, and weekends for many years. When necessary, she added freelance design work to fund the business.

Her persistent networking and community-building skills proved vital in growing the company. After several failed meetings with importers, her luck changed when Luna-Ostaseski met female executive Lauren Shayne Mayer of Spirit Imports. Mayer, along with other family members, helped guide her through the process with assistance in everything from manufacturing to distribution. Another group also noted as instrumental to SIA's success is the Women's Cocktail Collective, a group of 25 female founders of spirit brands. The biggest piece of advice Luna-Ostaseski has for female founders? Find community.

In 2021, she decided to expand her efforts and support other business owners of color. The Entrepreneurial Spirit Fund by SIA Scotch was launched, with the help of online platform Hello Alice, to support entrepreneurs of color build successful companies. Luna-Ostaseski joined forces with actor Wilmer Valderrama, and together they used the Fund to deploy $250,000 to 25 multicultural small business owners, each one receiving a $10,000 grant and 1:1 business coaching. The plan is to repeat the process this year, continuing to provide community, mentorship, and capital to minority business owners.

Carin Luna-Ostaseski is flying high these days, both inside and outside her business. She’s one of the few women (Less than 20%) licensed as a private pilot. Her Scotch Whisky is a multi-award-winning brand scoring 96 points at the Ultimate Spirits Challenge (2016). In San Francisco, she won a Double Gold Medal in the World Spirits Competition (2014), a prestigious and exclusive award. For Luna-Ostaseski, it seems the sky is the limit.

At ease, please. And other lessons learned.

Each year we review the data and glean the facts to determine what stays and goes in our business. We experienced excitement and frustration as we embraced new tools and technology. We worked around the supply chain issues. We enjoyed the satisfaction of launching new product lines (Specialty Series) and new gift box designs. We met clients and colleagues in person to laugh and live again. And we were aware of the continued heavy news cycles layered on top. Upon reflection, our business lessons revolve around communication and marketing channel growth, time, and our mindset toward all of it.      

 The raw numbers we collect (opens, clicks, visits, engagement, etc.) are combined with anecdotal information (texts, comments) to celebrate the wins and decide what we need to start or stop doing. Web analytics, social media tracking, and sales stats are some of the gauges we use to evaluate a given year. And, are we having fun? This is an important metric too.

 More is just more. It’s easy to get wrapped around the axel of social media and spend precious hours in the vortex of producing posts, stories, reels, videos, and feeds. Posts on social media channels were once a way to boost visibility when we had extra time. Today, with so much vying for customers’ attention, digital and social channels are a minimum point of business entry. More is not necessarily better. Weaving creativity into the message is the differentiator now. 

 One challenge is the sheer number of unique social platforms and products available. The vast amount of social media options that offer visibility, sales, and engagement are fantastic - and terrifying. (Do I really have to jump around and point? Ah, maybe.) Focusing on which channels to grow and our efficiency in content creation is vital. We’re an online business; however, we make a physical product, so we manage much more than the online elements.

 Another lesson was the self-inflicted tension around the learning curve of digital and web-based tools. Wouldn’t it be nice if it was all short and fast? Some things took more time than was allotted, which caused frustration in scheduling. You have to be mindful of and evaluate the size of your team, your circumstances, the true time investment necessary (an eye-opener), your goal for the platform (leads, sales, visibility, engagement?), and determine what works for your business and life. For the coming year, we’ve settled on a more reasonable frequency, a better-planned process (batching and tools like Later), and an intention of embedding ease into our day (more on this below.). Everyone wins when we accomplish this.

Add ease, please. It won’t surprise you to hear that this year is about a mindset of ease. We still have deadlines and schedules to follow, and things will not always go as planned. However, we can have more patience, reduce the “hurry” mentality and be more content with the journey. There will always be new products and technologies, and some deadlines will slide from their original dates. And yet, we’ll figure it out, life will go on, and it will be amazing.

This is one of those personal moments.

Certain moments in our lives invite us to take time off to be fully present with family and close friends, to reflect, and to experience joy. This week is one such occasion. In the coming days, we will be sharing the joy of our daughter’s wedding. This event has been years in the making with law school graduation, passing the bar, and the design of multiple Michelin star restaurants accomplished between these two amazing young women. As a content writer at heart, I can’t help but jot a few words about this moment. I expect the excitement, scenery, and design details (not to mention the dancing and after-party) will continue to inspire us upon our return.

Throughout the festivities, we’ll be using our beautiful, custom wood boxes (and more). We look forward to sharing a peek behind the scenes in the coming weeks. As you plan your milestone moments, we invite you to visit our Specialty Series, where you can select custom gift boxes, and other unique accents, for your big life occasions.

Taking the plunge, the last picture of their engagement photos. Photo @alexandraroberts

A Renaissance of Relaxation

This summer, a renaissance of relaxation is unfolding. We’re watching a proactive shift to delight in the downtime. Some are taking to the open road to explore uncharted destinations. For others, it's a short trip to the back patio, to a chair by the garden, or a quiet spot by the water. Sightseeing may be as simple as watching the pour of a cold beverage into your favorite glass. However you define it, we’re looking to see how this translates to small business owners. And here’s what we’ve found so far…

This trend of a healthier work-life blend is playing out before us as we watch artists, friends, and fellow entrepreneurs make an intentional move to cut back. Yep, work less. In the last month, we’ve seen online business owners announce they're signing off social media for the summer, taking a podcast hiatus for a month, or scaling back to a 4-day work week (with no 10 hour work days preceding.) Business owners are picking their health, and families, over the voice that calls us to work seven days a week (because there’s always more to do). For those we follow closely, it appears to be born of a real desire (or need) to take a break, to enjoy time with loved ones more fully.

It's a new day in this dialogue of how to rest and reach our goals, two objectives that at one time were considered opposites. Now, they've emerged as an attainable standard. We've never seen so many of our colleagues simultaneously make this move and we're cautiously optimistic about the outcome. It's a time to imagine the possibilities and to acknowledge that we are in charge of our time and our lives.

While this might sound like a simple decision, we’ve also learned that it takes planning and preparation to make this change stick. We don’t pretend to have it all figured out yet. What we can say is we believe we can work on it while taking more long weekends, slowing the roll, and unwinding into a summer of hazy days by the water, patio parties, and the flash of a few sparklers to celebrate our victories along the way. We hope you’ll ponder doing the same.

How to Design a Message that Moves

When your print piece moves organically, you see it clipped behind a magnet, repurposed as a bookmark, or tacked to a bulletin board; you know it captured someone's attention with a message that meant something. We recently designed a card with the dual purpose of sharing a positive message and with a mission toward movement. Based on the fun calls and texts we received, we're sharing a few key details that went into the card design to inspire your next piece.

The Big Picture. The first consideration for any custom piece is understanding the ultimate goal. How do you want people to feel when they see it, open it? Is there an overarching message you want to communicate? In our case, we wanted to share the word “Joy” intentionally. It was a specific choice, one we felt was better suited to us than the words, Cheer or Celebrate, as an example.

Pass It On - Having the card move and be shared between people was a central theme. In social we see it happen with reposts, tagging, and shares, but we forget this can occur with a physical piece too. Creating a voluntary hand-off, a reason to share, was the most challenging part; encouraging movement without making it too complicated. Our choice was a perforated card that included a postcard mailer, something our recipients would tear off and want to mail to their person of choice. (Access to a talented print team comes in handy. We work with Schmitz Press.).

Engaging and Interactive – When people think of interactive, they often go right to a digital or online platform; however, you can accomplish this in print. How can you get people to interact and do something fun with your mailer? We created three different checkboxes with whimsical fill-in-the-blank lines for people to complete.

Pick your Postage - We affixed the postcard stamp as part of the mailing to encourage people to address and mail the tear-off postcard. It was an added expense, however, worth it when our recipients sent their postcards, which was the whole point. On a funny note, the Post Office only had fish postcard stamps; they told us no holiday postcard stamps were coming. Not exactly a traditional choice, but we didn't get hung up on it. The envelope stamps for the entire card were holiday-themed, and that was more important.

Creating unique elements that make an impact with clients is a priority in our business. Yes, we do all the online things; however, creative, non-digital communication is a welcome reinforcement and bonus to email and online outreach. Let's face it, this is a process that anyone can do, but few people will. That’s why it’s a smart move.

Package with Pizzazz

Wrapping, packing, labeling, and shipping, it’s all in a day’s work. How do we take what little time we have and make sure our carefully selected gifts stand out in the crowd? Gift packaging used to be so straightforward. It’s not like the old days when the big new thing was invisible tape. Now the wrapping options are as varied as the choice of the gift inside. Resist the urge to crinkle tissue and call it quits. Creativity invites connection.

We know it’s the season to make a list and check it twice, so we’ve picked three quick options to inspire your creative wrapping and get your gifts noticed. The packaging shouldn’t be just what you dig through to get to the juicy center (unless you’re under the age of five); it’s part of the gift itself.

Add care with flair - If you’re adding special instructions, a festive trinket, a personal note, or care instructions, feature it as part of the wrapping. For the fun trinket, loop a ribbon through it and attach it as part of the bow. If it’s a note, type (or write) a few short sentences on colored paper, hole punch it, and tie it with colorful twine or leather. If you make the gift be sure to add your logo to the note.

Tips for tape - Bold graphics, bright colors, solids, and prints, it’s all available in the color and design of a strip of tape. This is one of the easiest, least expensive, and quickest options to boost the packaging if time is pressing. Pick a season or a favorite hobby, from birds to cakes to patterns and travel. The sky is the limit in choices. Tape is fun to swipe across the back of envelopes too. We use colorful tape in our communication and special promotions. Customers enjoy getting personal mail with a surprise as they turn over the envelope and spot a hint of color. They’ll notice and remember that you did something different. Be thoughtful in your choices if you’re using it for business. While there are many fun designs, it needs to connect with your brand and messaging. (Note, not all colorful tapes have the same level of stickiness to the back, which is why we like mt Masking Tape.)

When you’ve had your fill - If you’re making an effort to be eco-friendly, like we are, look for fill and other packaging products made from recycled or plant-based products. Consider packaging tape from a company like Netzero, complete with designs in garden or marine life. Or try recycled packing paper that’s die-cut in a unique pattern for an interesting wrap, like Geomi WrapPack. If you need filler inside a box or bag, look for Kraft 100% recycled paper, which we use in all of our gift boxes.

Here’s to your festive giving occasion and brightening someone’s day with your creative attention to detail.

More than Just a Pretty Face

What you read from your favorite brands may look easy to do and all pulled together, but don’t be fooled, it’s their effort behind-the-scenes that creates this impression. Delivering a quality newsletter might sound like a straightforward action item, but a well-executed one goes beyond what you see on the face of it.

When you break down the pieces of a newsletter, there’s a long list of tasks that create those beautiful images and interesting articles. Good content threads its way through a communication and brand strategy, and loops back to a website that connects with photographs and visuals to support the message. The message itself should be something of value to the readers, or what’s the point? And ultimately, this leads to a purchase. Or, that’s the goal. This is why you can probably count on one hand the newsletters you love and appreciate.

If you’re thinking of creating a newsletter, or need a refresher, here are important items to consider. This is based on our experience as small business owners who value content and post website updates weekly. Our newsletter has been emailed bi-weekly, consistently, for three years, so we’ve learned many lessons the old-fashioned way. Some weeks it all flows beautifully, and other weeks it’s a painful process.

Each of these topics could be its own deep dive, however, consider this an overview to get you thinking:

It’s not as simple as writing words on a page. Valuable content means the information needs to be relevant, to both the reader and your business. This leads to a whole conversation around your audience, and the skills and/or products that you’ve determined define your business. Asking what separates you from the pack, and who will care, is a good place to start.

Identify how much newsletter content links back to your website. You can include great articles and content that only exist on the face of the newsletter; however, the goal should be to direct people back to your website for more. Once there, the site visitor can read, browse, and enjoy additional ideas, photos and information so they’ll visit again. At least, that’s the plan. If there’s no reason to click back to the website, and that’s where your ‘shop’ is located, it’s a problem. Plus, from a data analytics standpoint, there’s no way to track which articles are of interest to your readers if you don’t provide a link.

If your newsletter does link to your website, that means you’ve created sections where consistent, new content is posted, right? The keyword here being “consistent.” As a small team, we don’t change our content daily, however, we do change pages throughout the weeks and month. Our Workshop, Artists, and Blog pages all change regularly, and they change on different days/weeks to keep the content evolving and the search engines engaged. For example, we added the Workshop page when people began to inquire about our custom craftsmanship. Before we launched that section, we had to consider how updating it would impact our workload, and how much value it would add overall. Could we keep up with regular content updates, beyond just a week or two? That’s what you need to ask yourself.

Valuable content means visuals. Sounds easy, but before you upload new text, consider how you’ll execute on photographs or some kind of visual to support the message. What do people need to see? Where will you save those photos (Google Drive, Dropbox, back-up drive, to mention a few)? How many different shots do you need for the website and for social/mobile photos? Each platform likes a different kind of photo too. Photos require a significant time investment, not just in taking them, but in editing and posting across the platforms. We keep ours on the cloud, mobile, and desktop, so all of those platforms have the same photos and folders. A big lesson we’ve learned is that you’ll waste a lot of time if you start uploading before you do final photo edits and selections. And then you lose track of which photos are stored where. Also, what looks good on a small mobile screen might not look so hot on a desktop screen.

While the visual element is key, photos don’t increase your SEO (Search Engine Optimization) results or what the search engine looks for to drive traffic your way. This means you need to know what your keywords are to use in your text, which is another subject altogether. (Check out Ubersuggest, a free service, to find keywords for your website.)

Can you see how a newsletter expands to become a more in-depth process?

• Think through what you want to accomplish.

• Who will be responsible for each content area?

• Be real about how often you can manage new content.

• What do your customers want from you?

• What’s the content that matches those expectations?

• How does your website support that content?

• Which photos will best tell the story?

• Are those photos aligned with what people see when they shop for your product or service?

Some of our most frustrating, long, days are when we get caught behind the ball, writing content that requires us to backtrack and create and post new photos. Lack of preparation and planning is a giant time suck.

Step back and look at your content calendar, for a month, a quarter, or more if possible. It makes life easier for you, and the content flows better for readers because the whole picture is laid out more thoughtfully. Here’s a podcast by Amy Porterfield to boost your content calendar efforts. And another one by Jenna Kutcher on repurposing content to make your life a bit easier. These are both good podcasts when you need a refresher.

Yep, there’s a lot to consider if you want to distribute a newsletter of value. Done right, it’s a powerful communication tool. What’s laid out here are some of the things we work toward. Do we always hit the target, no, but this is what we aim to accomplish and that goal keeps us growing. You can subscribe to our newsletter at the bottom of this blog page, we’d love to hear your feedback!