1 00:00:00,000 --> 00:00:01,590 - We always look at it through the lens 2 00:00:01,590 --> 00:00:04,210 of how can it be better, does it already exist, 3 00:00:04,210 --> 00:00:06,630 let's create something she didn't know she needed, 4 00:00:06,630 --> 00:00:08,080 and now she can't live without. 5 00:00:08,080 --> 00:00:09,430 My name is Sara Blakely 6 00:00:09,430 --> 00:00:12,323 and I am the Founder and Owner of Spanx. 7 00:00:14,520 --> 00:00:17,930 Spanx was founded off of an invention and an innovation 8 00:00:17,930 --> 00:00:20,440 that didn't already exist in the marketplace. 9 00:00:20,440 --> 00:00:23,310 I happen to be wearing my very first invention 10 00:00:23,310 --> 00:00:27,210 which is the footless pantyhose and I wear it 11 00:00:27,210 --> 00:00:28,730 under all my pants. 12 00:00:28,730 --> 00:00:31,130 The best advise I would give a female founder 13 00:00:31,130 --> 00:00:35,260 looking to launch a female centric company or product 14 00:00:35,260 --> 00:00:40,260 is to start with the why and continue to lead with why 15 00:00:40,310 --> 00:00:42,690 and be very authentic in your message. 16 00:00:42,690 --> 00:00:44,100 Stay vulnerable. 17 00:00:44,100 --> 00:00:46,330 Be yourself through the process. 18 00:00:46,330 --> 00:00:48,430 At Spanx when I first started it, 19 00:00:48,430 --> 00:00:52,440 I observed how companies were treating me as a consumer 20 00:00:52,440 --> 00:00:56,730 and I was very determined to be one of my customers 21 00:00:56,730 --> 00:00:59,413 and to be authentically connected to them. 22 00:01:00,580 --> 00:01:05,230 The biggest hurdles for me as a woman in business 23 00:01:05,230 --> 00:01:07,460 were also my greatest strengths 24 00:01:07,460 --> 00:01:09,510 and that was being underestimated. 25 00:01:09,510 --> 00:01:13,110 Many times in a journey being underestimated made it harder 26 00:01:13,110 --> 00:01:16,600 for me to get the men in the manufacturing plants 27 00:01:16,600 --> 00:01:19,970 to take my idea seriously or to even give me a chance. 28 00:01:19,970 --> 00:01:22,490 But it was also a real competitive advantage 29 00:01:22,490 --> 00:01:24,020 for me growing the company. 30 00:01:24,020 --> 00:01:28,010 I continue to really embrace the being underestimated 31 00:01:28,010 --> 00:01:30,890 as a woman and I've been able to stay true 32 00:01:30,890 --> 00:01:33,930 to the feminine principles in leadership 33 00:01:33,930 --> 00:01:36,063 and throughout growing Spanx.