What does it take to build a female-founded fragrance brand in Targetโwithout prior CPG experience or a working product at launch?
In this candid episode of Raw and Real Entrepreneurshipยฎ, Susan Sly sits down with Aimee LeMaire, founder of ZEYA, to explore how a former Hollywood producer turned a personal passion for non-toxic scent into a category-disrupting brand.
From Passion to Prototype
After the birth of her first child, Aimee struggled to find fragrance products with transparent ingredients that were baby-safe and pet-safe. Frustrated by the lack of clean options on the market, she began experimenting with fragrance formulation while production in the entertainment industry was shut down during the pandemic.
What started as a personal wellness pursuit quickly evolved into a vision: functional fragrance designed to support well-being, without harmful ingredients or daily maintenance.
Getting Early Support and Building the Product
Aimee pitched the concept of functional fragrance to an LA-based incubator connected to a major entertainment agency. They provided a small pre-seed check to help her begin the journey of developing a working prototype. At that point, her diffuser was still rough and homemade, but the concept resonated.
She partnered with industrial engineers to refine the product and create a diffuser that could deliver long-lasting fragrance without heat or harsh ingredients. The formulation process took over three years to perfect, as she worked to balance luxury scent with safety.
The Target Pitch
Through a friend, Aimee was introduced to a broker who helped connect her to Target. She first pitched the idea with only a deck and early concept. The buyer liked the idea but asked her to return once she had something more concrete.
When Aimee returned with a working prototype, Target agreed to test ZEYA and offered a business award to support the launch.
Launching ZEYA in DTC and Retail
ZEYA launched both DTC and in Target simultaneously. In hindsight, Aimee advises other founders to start with DTC to gather customer feedback and iterate. Fortunately, ZEYA experienced immediate product-market fit, thanks to early customer interviews and clear market demand for cleaner, easier-to-use home fragrance.
Raising Capital and Navigating Setbacks
To fund growth and scale, Aimee raised a $2 million seed round. Though her husband is a venture capitalist, he primarily offered structural advice. Aimee pitched to over 50 VCs and learned how important it is to approach fundraising with confidence and resilience. “They want you to succeed,” she says. “You have to believe you have something valuable to offer.”
Tactical Advice for Founders
In the episode, Aimee shares her top strategies for:
- Pricing a new category product
- Managing stress while building a business with kids
- Understanding early-stage funding terms
- Listening to customer feedback for fast iteration
ZEYAโs success story proves that even without CPG experience, female founders can break into retail, raise capital, and launch scalable productsโwith the right mindset, a compelling idea, and an unshakable work ethic.
About ZEYA
ZEYA is a clean, functional home fragrance brand designed to make scenting your home effortless and safe. Featuring luxurious formulations without endocrine-disrupting chemicals, and a diffuser that lasts up to 30 days, ZEYA is redefining what home fragrance can be.
Whether you’re launching your first product or preparing to pitch your next big idea, Aimee LeMaireโs journey is a masterclass in innovation, grit, and market disruption. Tune in to the full episode of Raw and Real Entrepreneurshipยฎ with Susan Sly to get the unfiltered story behind ZEYAโs rapid riseโand the lessons every founder needs to hear.
Listen now. Be inspired. And remember: your idea might just be the one that transforms a category.
About Aimee LeMaire
Aimee LeMaire is the founder of ZEYA, a clean home fragrance brand now in 700+ Target stores. After a decade in entertainment, she launched ZEYA to offer luxurious, baby-and pet-safe scents that elevate everyday spaces and promote well-being.
Connect with Aimee:
- Website: https://zeyashop.com/
- LinkedIn: @aimee-blank
- LinkedIn: @zeyafragrance
- Instagram: https://www.instagram.com/zeyafragrance/
About Susan Sly
Susan Slyย is the maven behind Raw and Real Entrepreneurship. An award-winning AI entrepreneur and MIT Sloan alumna, Susan has carved out a niche at the forefront of the AI revolution, earning accolades as a top AI innovator in 2023 and a key figure in real-time AI advancements for 2024. With a storied career that blends rigorous academic insight with astute market strategies, Susan has emerged as a formidable founder, a discerning angel investor, a sought-after speaker, and a venerated voice in the business world. Her insights have graced platforms from CNN to CNBC and been quoted in leading publications like Forbes and MarketWatch. At the helm of the Raw and Real Entrepreneurship podcast, Susan delivers unvarnished wisdom and strategies, empowering aspiring entrepreneurs and seasoned business veterans alike to navigate the challenges of the entrepreneurial landscape with confidence.
Connect With Susan:
- Website:ย โ โ โ โ โ https://thepause.ai/โ โ โ โ โ
- Website:ย โ โ โ โ โ https://susansly.comโ โ โ โ โ
- Trusted Partners:โ ย โ โ https://www.susansly.com/trustedpartnersโ โ โ
- LinkedInโ โ :โ โ โ @susanslyโ โ โ
Loved this episode?
Check out our conversation withย Kaylee Lieffers, Co-Founder and CEO ofย Blanka, a game-changing Shopify app that empowers entrepreneurs to launchย private-label beauty brandsย without managing inventory..ย [Listen here]
This transcript has been generated using AI technology. There may be errors or discrepancies in the text. The opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views of the show or its hosts.
Susan Sly 00:00
Hey there. What is up? Susan here. I hope you're having an amazing day, wherever you are in the world, and thank you for stopping by. Lots of great things are happening with Raw and Real Entrepreneurshipยฎ. Did you know listeners are up 500%?
And as we get into today's show, I have an amazing female founder. She is doing incredible things. Her brand is fast becoming a household name. She is in Target. She is selling out her direct-to-consumer. And you're going to hear how she went from idea to inception.
And before we jump into the show, I want to share a quick messageโthat the beginning of any great business starts with an idea. And to take that idea from something that is maybe on a piece of paper, to a Canva deck, to actually executingโit's hard. And as part of that hard, there are a lot of decisions that get to be made, and it's very easy, as a founder, to second guess yourself and to also start to listen to a lot of noise. And thatโs what this show is aboutโraw and real conversations with founders who defied the odds. They talk about their wins. They talk about their failures. They talk about their learnings. We even talk about depression, mental healthโall sorts of things that you deserve to hear, because 90% of startups fail by year number five. And my vision in life is to ensure that we change those odds.
As we go into todayโs show, a couple of quick announcements. Number one, if you are a woman 30-plus and havenโt checked out my latest ventureโthePauseยฎโI encourage you to download the app in the Play Store, in the App Store. We have symptom tracking. We have incredible AI. Our agent is named Harmoniโข. She knows what youโre going through. You can converse with her about everything from not being able to sleep to doing a workout plan for you. And think of it this wayโthis is so many apps all in oneโfor your mental health, your physical health, for any woman who is navigating perimenopause and menopause, this is for you. Check it out. thePauseยฎ App in the App Store and Play Store. It is fire. And we are getting rave reviews.
The second thing I want to share with you isโhere I am, 53 years old, and a lot of you are asking me, โHey Susan, what is going on? You look phenomenal.โ I am down 10 pounds of body fat. I am feeling amazing. Iโm wearing clothes I havenโt worn in years. And the secretโit's not so much a secretโis that I am using Isagenix, and I am putting the new creatine in my shake every day. Iโm having BฤA, which is an amazing energy drinkโadaptogens and not that harsh caffeine. The caffeine comes from yerba matรฉ and green tea. And I also cleanse every single Monday. And the Cleanse for Life with Isagenix is backed by science. So check it outโgo to susansly.com/trustedpartners and you can find out more.
With that, letโs jump into todayโs show. My guest, from a young age, had a passion for fragrances and โscentscapingโ her homeโcheck that out, a new term. And she decided to move to L.A. from Louisiana and pursue a dream of being in the entertainment industry. However, she still had this whole thing brewing in the backgroundโlike, โWhat if I couldโฆ?โ And you fill in your own โWhat if I could,โ right? โWhat if I could start a business?โ โWhat if I could launch a best-selling brand?โ
And so, she decided to make some changes following the birth of her first child. She was unable to find fragrance products that would be transparent with ingredients and were baby-safe and pet-safe. So, she began studying and said, โYou know what? I am absolutely going all in.โ And so, she has launched Zeya, with a goal of bringing clean, better-for-you, luxurious fragrance products into the home that are affordable and captivate the senses.
As I said, she is in 700 Targets and counting. So freaking in awe of this girl. So with that, letโs jump into my interview on Raw and Real Entrepreneurshipยฎ with the one and only Aimee LeMaire.
Voice Over 04:22
This is Raw and Real Entrepreneurshipยฎโthe show that brings the no-nonsense truth of what is required to start, grow, and scale your business. I am your host, Susan Sly.
Susan Sly 04:38
Aimee, oh my goodness. First and foremost, Iโm so excited to have this conversation with you. Weโre both momsโdifferent ages of moms. Husbandsโboth mine being a CPA, yours a VC. Weโve got those finance guys. And we were talking about different things we have in common as founders.
And one of the thingsโI want to just jump right in with the showโI was reading one of your quotes, which said, โI am a child of the โ90s. There was a freedom to explore different versions of who you could be.โ And growing up in Lake Charles, Louisianaโthis is like pre-social media daysโIโm thinking, you know, Spice Girls, like all of the epic music. What inspiration did you take from your childhood into Zeya? Because there is so much of that iconic โ90s feel in the brand.
Aimee LeMaire 05:38
Yes, so you touched on something thatโs likeโa couple of things. So my childhoodโI feel like Iโve always been obsessed with fragrance. Like I remember having a lemonade stand on the ninth hole of the golf course where I grew up. And so all the golfers would come and theyโd buy lemonade from us, and then I saved up my pennies to buy a Macintosh Yankee Candle. I thought it was the coolest. And that was the beginning of my fragrance journey. My taste has certainly evolved and become more sophisticated from the Yankee Candle days.
But what I loved about growing up in the โ90s is there wasnโt a lot of pressure to be performative the way that I feel like this younger generation has. Like, they are almost afraid to express themselves or just be silly or goofy or, you know, relaxโbecause theyโre constantly on camera.
And how that inspired Zeya wasโI was like, okay, letโs figure out a way that we can help people relax. Like, your home is your sanctuary. Itโs the one space that you can just completely be yourself. And so, letโs make โscentscapes.โ Like, Iโve been doing them since I was in my 20s. When I had people over and I entertained, I would always like put different scents in different rooms, and people loved it. So I was like, letโs make it easy for them, and then letโs also bring back some of the nostalgia in the design. So our device is designed like a floppy disk. So if you remember how satisfying it was to insert a floppy disk, our scent cards are like thatโwhere you pop it in, you can set it for a month, and just really customize your space to reflect who you are.
Susan Sly 07:21
Which isโwhen you think about this whole conceptโand I love what you said about the younger generation and not having fun. Itโs actuallyโI even think for me, in Gen Xโone of my intentions this year is to have more fun. And Iโve been sharing with the listenersโIโm doing an amazing, like, transformational leadership program that I go to L.A., like, all the time. And itโs like, okayโI realized, Aimee, that Iโm not inviting fun in.
Because building a company, especially early stage, like that first like, โOkay, we have an idea. We have a Canva deckโwoohoo, letโs go!โ And we have friends, maybe over wine, that are like, โThatโs a great idea. You should do that.โ And then it gets real, right? And you're starting creating, or youโre putting in a PO for, you know, an allocation.
And Jen Pelka, who founded Unfemme Winesโfull disclosure for everyone listeningโis one of my portcos, as an angel investor. But Jenโs been on the show. Like putting in that additional orderโlike, oh my goshโitโs getting real.
And I realized for me that I wasnโt inviting fun in. And yet I also realizedโwhen Iโm having fun, Iโm more productive.
What about for you? How do you bring fun and escape in? Because thatโs what your brand is all about.
Aimee LeMaire 08:51
It is hard, right? Youโre dealing with such serious topics all day. But I think I really enjoy the creative process, like designing the fragrances, and so thatโlike designing different versions of the diffuserโand that creative outlet is really fun for me. And then just also talking to customers, like I talk to them every day and just get feedback from them.
And so I grewโactually grew up watching my father run a small business, and I feel like that sort of permeated into my day-to-days, because I likeโI like that Zeya, we feel like a small business. Because you can pick up the phone and talk to somebody over here. But thatโs fun, like just listening to feedback.
But as far as, like, hobbiesโI feel like I have none right now that are fun.
Susan Sly 09:41
Besides, your kids are four and six. Their hobbies are your hobbies.
Aimee LeMaire 09:47
Iโm like, is skincare a hobby? I donโt know.
Susan Sly 09:53
Is fundraising a hobby?
Aimee LeMaire 09:57
But no, itโsโitโs been a lot of fun just to watch the initial concept for the company grow into what it is today and, like, how we are touching peopleโs lives and helping them have fun. Thatโs my goalโhelp them have fun.
Susan Sly 10:13
That customer relationshipโand weโll get into thatโit can be so incredible. And as part of it, it is an opportunity, especially in early stage, to get feedback and pivot quickly.
I want to ask youโgoing back to the lemonade standโon Raw and Real Entrepreneurshipยฎ, I always want to know: what was your first business? So was it the lemonade stand, or was there something else?
Aimee LeMaire 10:40
Good question. I think it was the lemonade stand, because I was, like, eight. Like, we were really little when we started doing that. But I think that the peopleโthe adults around us that were buying lemonadeโjust found it so cute. They were so precocious and, like, charging, like, an exorbitant amount for a cup of lemonade. Yeah, I think it was that one. That was the first one.
I feel like there was aโlike, I was selling Goldfish, like snacks, on the playground, but thatโI donโt know if that was a legal business or not.
Susan Sly 11:11
Well, weโif you are at the IRS and listening, justโjust go back and donโt listen.
When Iโm talking to founders on the show, Aimee, itโs so interesting because almostโat some point, Iโm going to use AI to analyze all of the show contentโyou know, the hundreds of hoursโbecause almost every single entrepreneur that comes on this show had a childhood business.
And I see, like, resale is a big one. So itโs likeโthe reselling Goldfish crackers. Iโve had a couple of the guys who would buy candy, resell it. I had someone selling watermelon. And then my favorite was selling rattlesnakes. He is thus far the only person.
And so Gregory Shepherdโcheck out that episodeโso Gregoryโs family was so poor, and they were living on this, like, a dirt platform, and there were all these rattlesnakes in Northern California. So he would catch them and sell them to the pet store. So yes, that definitely was not a business I would have ever been interested in myself.
But we see that so much with founders. Thereโs this entrepreneurial spirit. Are you fostering entrepreneurship with your kids? And if so, whatโfor you as a momโis so important that they learn, especially now that weโre living in the AI revolution, robotics, and all of the technology thatโs happening?
Aimee LeMaire 12:43
Yeah, we definitely are just teaching our children the value of money and also the value of hard work. I feel like growing up, we were told, "Oh, you can achieve anything," you know, "follow your dreams, follow your dreams," but no one ever talked about how it's okay to fail. That's a big oneโthat we're like, you learn from failure. So like, just try your best, and if you fail, that's okay.
And then also, just for them, like, just not giving up and praising the effort as much as the outcome has been a big part of how we're fostering that sense of entrepreneurship. And then also we are just teaching them, like, how toโhow to handle money, right? That was something that I wasn't really taught, like, I taught myself, right? But it wasn't really a big part of my household growing up. And soโin a structured wayโso we made it in a structured way where it's like they can earn money by doing jobs.
And also, I thinkโI really think itโs likeโentrepreneurship is a mindset, right? It's like just not being afraid to push the boundaries, not beingโoh, the problem-solving aspect. Because that's a big aspect of entrepreneurship. It's like teaching our children how to solve problems and look for problems to solve that you can do.
Susan Sly 13:59
Oh yeah, yeah. Preach that, sister. Because itโsโitโs the, you knowโfor those of you listening, I did the Lady Gaga mic dropโbut theโthat we did the same thing with our kids.
So there was a job boardโunload the dishwasher, sweep the kitchen, do all of those things. Each task was assigned a dollar value. And so theyโthey learned. And my kids were never the ones having the temper tantrum at the grocery store because they wanted something or whatever, because they knew that it wasnโt going toโnothing was going to happen.
Andโandโand itโs okay. And when my kids would say, โIโm bored,โ Iโd say, โGood. Be bored. Find a problem to solve.โ Right?
Andโand thatโraising kids, itโs soโI mean, even though our kids are different generationally by 10 yearsโbut itโs so different now because there are a lot of distractions.
And for youโletโs get into your entrepreneurial day, because there are people now who are moms, who are dads, and we never want our kids to be an excuseโwe want them to be a reason.
What does your entrepreneurial day look like? I mean, you are in 700-plus locations. The brand is growing. You have a lot of life living. Walk us through your day?
Aimee LeMaire 15:20
Yes. So, I have an early riser. My daughter wakes up at 6:30 every day, which maybe to some people, they hear that and theyโre like, โThatโs not early,โ but Iโm Californian-set now, so Iโm like, thatโs early for me.
So weโll get upโshe and I will spend time together. I protect that first hour and a half to two hours with my children. I donโtโI donโt do meetings, I donโt do anything during that time unless itโs an absolute emergency.
And then I find I get my best work done starting at 8:30. Like, thatโthe first three hours is, like, deep problem-solving. And then usually Iโll try to take a walk or, like, move my body at some point midday and, you know, to, like, sort of, like, beat that slump in the afternoon that a lot of people get.
And then in the afternoon, it tends to be more of the creative work. So like, designing something thatโs not necessarily financeโwhich isnโt, you know, likeโnot my idea of fun. And Iโll do that in the afternoons.
And then when the clock hits six, like, itโs my time for my children. Like, they come home, we spend time together. And again, I protect that.
And then I usually pick upโbecause weโre running the company and weโre always thinking aboutโI usually pick the mantle back up around 7:30, 8:00, and start working again untilโI need to schedule time for myself. Iโm, like, listening to my schedule. I need to schedule some me time.
Susan Sly 16:47
Well, thatโsโthatโs one of the things on the show. Thereโs a lot of self-actualizing that happensโnot just for the guests, but also for me too.
And thatโwhen I wrote my book The Have It All Woman back inโgosh, what year did that come out? I was likeโI donโt knowโ'07 or '08, during the recession? And my whole thing was, there was this big dialogue happening, Aimee, about work-life balance. And The Atlantic did an article and said, โWe canโt have it all.โ
And my pushback wasโwe can. Because itโs a personal definition. And itโsโyou come from entertainment, right? So itโs like a scene in a movie or a chapter.
What balance looks like to Aimee right nowโwith a six-year-old, a four-year-old, a growing businessโis very different than what balance looks like to Aimee 10 years from now. Right?
And thatโto your pointโwhat is not scheduled doesnโt happen. So if you were going to embrace self-careโbecause we were talking about this before the showโwhat would that look like for you?
Aimee LeMaire 17:52
I have been wanting to get into Pilates, actually. I know itโs so, likeโbut itโs such a movement right now, and women are just loving it. So, yeahโI know thatโs not very deep, but, like, I really want to start doing Pilates.
Susan Sly 18:07
Okay, soโso in front of the global audienceโthe show will probably come out after this actually happensโyou and I, letโs go to Pilates.
So when Iโm in LA next time, letโs schedule it. Weโll go. I will source for us a place to go. We were talking about, like, Santa Monicaโsomewhere like that. And letโs go.
Are we doing mat, or are we doing reformer?
Aimee LeMaire 18:31
Well, I want to try the reformer. It's so intimidating, and I'm like, excited to, like, jump in and do something scary. So let's doโ
Susan Sly 18:38
Reformer. All right, it's on. Okay, so now, in front of a global audience in 140 countries, we have committed to doing Pilates reformer. Okay, so that's checking that off your box, right?
And whatโthe value of self-care. Let's talk about the landscape of raising money as a woman. So last year in the United States, less than 1% of VC funding went to women. The year before that, it was 2.4%. So we're talking about declining. This yearโwhen we're doing the show, 2025โwe don't know what that number is going to be, but with interest rates the way they've been, VC firms are diminishing. So there arenโt as many firms as there were in 2020, 2021. It is a very different landscape.
And so letโs talkโand like, so many people who write in about the show, theyโre like, โWe love when you talk about the raw and real truth about fundraising.โ So for Zeya, how did you start this company? How did you go from an idea to a prototype? Thatโs the first question. And then, at what point did raising money come into the equation?
Aimee LeMaire 19:53
So I started the company with the concept of functional fragrance. I had gotten rid of all of the fragrance products when I got our dog and had our first baby, because there is such a lack of transparency in the ingredients. So everythingโeverything was out. Like, all my scent-scaping disappeared.
And I was trying, like, essential oil products. They were cumbersome. You had to refill them every day. Andโand I was like, golly, like, I just want a product that's easy to use, that I can set for weeksโbecause I donโt have time to mess with anything day to dayโand helps me to relax. Because you have so much anxiety as a new mom, right? The first time, especially.
Andโand so I took that concept and I pitched a couple of incubators. And one of them was actually connected to a large entertainment agency out here in LA. And they were like, โWe really love this concept.โ
At the time, it was like candles. And I had been tinkering with this diffuserโthat this new way to diffuse fragranceโbecause I was, like, just trying to make it easy, to where you could set it and forget it and it would actually last a full month. Because that was the thingโa lot of the products claim to last a full month, and theyโre like, ten days. They last ten days.
And so when I brought that to them, they were like, โThis is the idea. Like, this is the idea. Letโs go out.โ You're gonna needโlike, they gave me someโa small pre-seed check to get the idea going, to create the prototype, with the goal being to go out and raise the seed round and then, you know, bring it to market.
And creating the prototype was interesting. I enlisted the helpโonce I had the idea down and it was working in my house. It was very, very ugly. And I met with a group of engineersโlike industrial engineersโto make a prototype that we could mass produce. Because I was like, this is something that I feel likeโlike, I did a deep-dive white space analysis, and the industry actually hadnโt beenโthere hadnโt been any innovation since, like, Febreze in the '90s, right?
So thereโit hadnโtโthe technology was designed, like, the plug-in technology was developed in the '40s to mask the smell of tobacco in the home and hasnโt changed since, really. I mean, there have been a couple of bells and whistles thrown on it, but essentially, itโs heat and a plug-in. Itโs heat and oil.
So we worked to create this new version that doesnโt use heat, thatโs better for you. The fragrance formulation is another story. That took me three years to actually get it to where it smelled luxurious but didnโt include a lot of the traditional ingredients that were endocrine disruptors that fragrance often contains.
And weโthis team of engineersโwe worked together for a long time. Took us about 18 months, really, to develop the prototype, set up our supply chain. And then, while all this was happening, one of my friends introduced me to a broker who was in Minneapolis. And the broker loved the idea, loved the concept of the company. We didnโt even have a working prototypeโwe had, like, a deck and a, you know, like aโ
And so we went in and talked to the buyer. And we were like, โThis is what we're building,โ you know? And she was like, โI really like it.โ She's like, โCome back to me when you have something, you know, concrete.โ
And so I sent the working prototype in, and they were like, โYeah, this is great. Like, we want to do a test with you.โ And so we decided to launch DTC and Target simultaneously, which I would not recommend. If I were to go back and have the abilityโI was like, I would not recommend it.
I would say, if you are listening to this and you are thinking you want to do an omnichannel approach, use the time in DTC to iterate. Useโand to get to know your customers, to know their preferences.
It worked out well for us, because we had instant product-market fit, instant concept-market fit, because it is something that I designed forโlike, with consumers in mindโpeople like me. And we had a lotโwe spoke to a lot of people during the process, like, a lot of consumers. But yeah, I would say do DTC first and then do retail.
Susan Sly 24:17
I have so many questions, like all over the place. No, it's so good. It's Raw and Real Entrepreneurshipยฎ, and we get toโlike most entrepreneurs, we have ADD brain, right?
So what I'm so curious about is, so you have your deck, you have your prototype. And one of the questions thatโin my mindโis like, how did you come up with pricing? Because thatโs always a big, big thing, especially when youโre creating a category within a category that doesnโt exist.
And for all the listenersโif youโre new to the showโa little bit of my backstory. I went to MIT Sloan, and I also went to engineering school, like, back in the day. But one of the courses I took at Sloan was all on pricing. And as someone who had to create pricing for a product that didnโt exist in the marketโan odd productโin my past startup, I know the pain of creating pricing for something in a category, and youโre like, โI donโt have a reference point.โ Like you said, there hasnโt been disruption. How the heck did you create the pricing?
Aimee LeMaire 25:25
Well, the product itself is so high qualityโlike the oils are designed by master perfumers, like the people who make the perfumes that you pay $400 for. Thatโs the level of oil that weโre working with.
But I wanted to make sure that the pricing was done in a way that everyone could afford it. So itโs like attainable luxury, because weโre living in a time where itโs likeโweโre being squeezed everywhere. And I was like, it shouldnโt be that people who canโt necessarily pay $90 for a reed diffuser are smelling poison. Like, thatโs not fair.
So we worked so hard to figure out a way to keep the pricing down. Like our refills are $8.99โto keep the pricing and the COGSโlike our cost of goodsโdown, so that the business was viable, because you still have to make a profit. And also something that people could feel comfortable buying every month. And our diffusers are $19.99.
Again, it was just likeโwe just worked really, really hard to make sure we were giving a quality product for a really good price.
Susan Sly 26:35
And with that, to get to that priceโso then thereโs that whole immersion in unit economics and economics of scale and supply chain and gross profit and all the things the VCs want to see.
So for just like a super quick masterclass, Aimee, for anyone listening who is producing, like, a CPG productโlike a consumer packaged goodโgive your top three tips for creating pricing models. Because I think that would be so incredibly valuable to people so they can get it. Because you didnโt justโyou didnโt just go, for those of you tending to meditate and like, โ$19.99, that makes sense!โ Yeah. So like, what are your top tips to come up with that pricing?
Aimee LeMaire 27:30
Okay, top tips. I would say:
Know who you're targeting, right? Know who you want to target. If youโre looking for, like, a niche luxury product, your pricing strategy is going to be very different than if youโre going for a mass audienceโwhich is what we're going after.
If you are going after a mass audience or mass stage, which is kind of where we live, you can always optimize your supply chain. Like, thereโs always the economies of scale. So I would say: go for the customer experience first. Just do it in a way that, like, okay yesโlike, if this ingredient is slightly more expensive for this first run because youโre only buying 3,000 unitsโgo for the better quality. Because you need to establish your customer base first. Then, as you grow, you can grow into that modelโbecause you are buying 30,000, 300,000, hopefully 3 million units eventuallyโand then you can improve your margins that way.
And thenโyeah, thatโs what I would say. Like, give the best product you can for the best price, knowing your audience. And then just being honest with yourself. Like, I didnโt have tariffs on our bingo card right when we launched the company. And so weโre looking right nowโlike, I really donโt want toโbut weโre looking at a possible price increase just because our componentโone of our componentsโcomes from overseas. And itโs a bummer, right? So itโs just like, you have to give yourself grace with pricing. It's like somehowโ
Susan Sly 29:07
โwith anything. Like, adapt to your terrain, right? And the terrain changes. And there are the things within your circle that you can control, and the things outside your circle you canโt control. You canโt control a pandemic. You canโt control tariffs. There are so many things you canโt control.
And I see a lot of entrepreneurs getting burned out about focusing on things you canโt control. Itโs such wasted energy. But saying, okayโsometimes Iโll journal, Aimee, and Iโll be like, โOkay, Susan, what can you control about this situation?โ Everything else you canโt controlโjust like, doesnโt matter. Throw it out. Because, you know, as CEOs, itโs likeโwe have to focus on that.
Okay, letโs talk about raising money to scale. So your husband is a VC. He invests in later stage, and he gave you some advice. However, with raising moneyโit, for me, is one of the mostโIโve pitched, you know, well over 100 VCs in multiple companies. It is, for me, one ofโitโs fun, but Iโve had to get to fun. But it also isโI feel so exposed. I canโt imagine what online dating is like, because Iโve been with my husband for 25 years, and we met in high school. So Iโve never had to experience that, but I just feel itโs very exposing.
So what advice did your husband give you that you can share with everyone listening, and what was the experience like for you when you first went out and started pitching?
Aimee LeMaire 30:42
The advice he gave was very literal. He taught meโlike, I didnโt know what pre-seed versus seed meant. Thatโs how green I was to the world of CPG. You know, when a movie gets made, itโs funded by a studio. Itโs very straightforward.
But yeah, when it comes to raising money, thereโs a certain language. There are certain KPIs that a company needs to hit in order to be viable for a certain round. There are certain valuations that you need to hit to make sense for an acquisition. So he was super instrumental in teaching me what to look for, what to aim for, and just how it works.
What he couldnโt teach meโand Iโm sure he definitely triedโwas the mindset going in. I think itโs because, as a woman, youโre constantly taught, โBe grateful for what you have. Be demure. Donโt say anything. Just accept it.โ But when you're raising money, itโs the opposite. You have to go in with the mindset of: โI have a treasure. We can grow this treasure together.โ They have as much to gain as you do.
I didnโt have that mindset. I was so nervous about this idea, like, โOh please, you know, likeโplease, money.โ Itโs just not the right mindset. When you go into a pitch, itโs likeโyou have a great idea, go take it out there and be confident. VCs want you to succeed. Thatโs the thingโthey want you to do well because they want to make money.
So yeah, I would say thatโs one thing I wish I knew going into pitching. You have a great idea. And thatโs why I sayโget DTC data before you go out to retail. Because youโll likely be raising money once you have some traction DTC, and then youโre going into retail. So you have that data, and it makes it a little bit easier. Youโre not pitching a dream. You can literally say, โLookโpeople love it. These are the numbers.โ
Which is where we are now, and itโs a much better place to be when it comes to raising money.
Susan Sly 33:03
How much was yourโif you feel like disclosingโhow much was your initial round you were raising, and how many VCs did you pitch to get it?
Aimee LeMaire 33:13
Gosh, I pitched probably over 50, I would say. Yeah.
And ohโthat's the other thing too. A no or a rejection doesnโt mean that you have a bad idea. It just means that they canโt see your vision. Or there are factors that you canโt even seeโlike, they can see the vision, but their mandate has changed, or theyโre looking for a really specific business type. That was the other thing.
Nos are not a reflection on you, generally. Sometimes they areโlike pitching style, right? Coming in and having this... I donโt want to say I was insecure, but I was. I was insecure the first few meetings I took because I didnโt know what I was doing. I was nervous. Itโs like pitching your baby out to the world. Then you get rejected by people and think, โOh, maybe itโs a bad idea.โ Itโs likeโno. No.
Susan Sly 34:11
Did you raise that first on a convertible note or a SAFE, or what was the structure of that first round?
Aimee LeMaire 34:18
We did a priced round for our first.
Susan Sly 34:22
And how much total did you raise?
Aimee LeMaire 34:24
Two millionโfor our seed round.
Susan Sly 34:28
Okay, and were you already at revenue when you raised that?
Aimee LeMaire 34:32
No. But we did have a Target business award. So I honestly donโt think the landscape has changedโand I donโt know that a DTC business without any traction really moves the needle, unless itโs just the next huge AI thing or something like that.
You need to have a road to profitability and a clear roadmap, a clear customer journey, a clear customer.
Susan Sly 35:05
Yeah, and we were talking about this before the show. Itโs so fun to have this conversation, and I love your transparency. Itโs Raw and Real Entrepreneurshipยฎ. I pitched 50 in order to raise that. To do thatโto be so exposedโright? Like you said, itโs like someone saying your baby is ugly.
But I wrote down, โNo means they canโt see your vision.โ And sometimes I thinkโbecause I wear both hats. I wear a venture hat, and I wear my fundraising hatโthat especially in this current landscape, the scorecard has changed.
For people who donโt knowโif youโve never pitched VCsโthey have a scorecard. And what is the scorecard this year? Because money is more expensive. Smaller check sizes. Thereโs still a lot of AI funding. Thereโs a bit of nerves around CPGโbecause of tariffs, because of... So you look at it and go, โOkay.โ
Especially as women, we have to be scrappier. What advice, going through the process, do you wish you would have knownโespecially as a female founderโthat you know now?
Aimee LeMaire 36:32
I think this is going to be raw and real: you deserve a seat at the table.
And that was something that, as a woman in businessโweโlook, I was in business in the 2010s when it wasnโt very female-friendly. It was before Me Too and all that. But as a woman, you deserve to be there. Youโre smart. Youโre capable. You have a great idea, and you can execute it.
And honestly, if you look at the stats, women execute CPG brands better. Sorry guysโwe just do. Because we understand the customer.
Susan Sly 37:15
One of my friends founded Womanessโsheโs also in Target. She was a VP at Targetโand we were talking about that. Itโs just really understanding it.
Because especiallyโto be in Target is such a huge deal. Every year, I would go to National Retail Federation Conference in my previous company, and I never missed any of the talks that Brian Cornell was doingโthe CEOโbecause his vision, even for the employees, is so huge.
And Brian, if you're listeningโor anyone from HRโmy vision is that thePauseยฎ will be an employee benefit for all Target employees. That is going to happen.
But to be in Targetโitโs such a big business, and how he runs it is absolutely incredible. We are the main consumers, and I canโt remember exactly what percentage of shoppers at Target are women, but itโs so high.
To your point, Aimeeโwho knows it better?
I do want to ask you, this concept of entrepreneurial failure... We're talking 90% of startups fail. And yet, here you are with Zeya. You're slaying from the outside world looking inโplus you're raising kids, you know, plus, plus, plus.
How do you look at setting milestones for the company, especially going into territory that you havenโt yet taken? Like, the question really is, Aimeeโhow do you approach challenges that youโre like, โOkay, thatโs a goal, and my investors want to see us achieve that goalโthose milestonesโbut Iโve never done that before in my life.โ How do you manage to do that?
Aimee LeMaire 39:08
I think that as an entrepreneur, you have to have, like, an unlimited amount of tenacity.
Because for me, like goal settingโitโs not like, โOh, maybe we can do it, maybeโฆโ It's likeโwe will. You have to go in with that mindset, that you will. You can't let other people's failures distract you, and you also can't be afraid of failure.
So likeโyou go in, and letโs say you donโt hit the goal. But you do everything you can to. Youโve learned something. The company improves because of itโbecause youโre able to glean information, make a different decision next time, pivot in a direction.
Likeโwe're constantly learning. We get customer feedback. We pivot. We make something better. Weโyeah.
Itโs just likeโyou canโt go in with the mindset like, โOh, maybe we'll be the 90%.โ I think you have to have this, likeโnot delusionalโbut sort of distortion field when you have an idea, that you are going to be successful because you have the greatest idea of all time.
And whether thatโs true or notโtime will tell. But you also just have to put the work behind it and not be afraid.
Susan Sly 40:25
I think you do have to be delusional. And I'm laughing because one of my friendsโhe calls me, my nickname is โThe Delusional One.โ Because in my past company, selling something that didnโt exist in the market, he was like, โYou know, how are you going to do that?โ And Iโm like, โOh, we just are. Iโll figure out a way. Iโm scrappy. Weโll get it sorted out.โ
I think when we go to Pilates, we should have t-shirts that say โDelusional.โ
Susan Sly 40:59
Amy, I want to askโhow do you handle, like, when you have wall-kicking moments? Because we have them.
Whether itโsโyou mentioned tariffs, or it could be supply chain, or it could be a customer you thought was going to order X number of units, and the order ends up being smaller because they're constricting on budgetsโlike, whatever. All the stuff you deal with.
How do you handle those moments?
Aimee LeMaire 41:24
Is it the stress aspect of it? Or... Yeah.
Well, I donโt think anyoneโlikeโI think weโre so early in our journey. I mean, we launched three months ago. So Iโm still at the stage where I feel everything really intensely. And I have friends who are business owners, and theyโre operating huge companies, and theyโre 11 or 12 years inโand they look at me like, โOh, Aimee. It passes. Youโre going to feel it all right now, but that feeling, it passes. Youโre going to get used to it, and then youโre just going to keep pushing through.โ
But I quit drinking alcohol, because I found likeโrunning a companyโitโs not helpful for me. So I quit that, and I started a fitness journey, which has helped. Just going for walks, getting sunshineโhelpful.
So, you have this moment of overwhelming stress, you have this huge problem you have to solveโfor me, when Iโm doing something where my bodyโs a bit distracted, I problem solve better.
So thatโs what I do. Whenever I hit a wall, I keep thinking, I keep working, I talkโI talk to everybody.
I have a group of people who are great advisors, so when I do get into those situations where Iโm just like, โI have no idea what to do,โ I turn to people who have been in the business for 30 years and just say, โHey, Iโm stuck.โ
And thatโs why I think mentors are so importantโor even just friends whoโve been through what youโre going through. Itโs so important. Yeah, the physical, the mentalโthose are the two things I do.
Susan Sly 42:59
Yeah, I love that, because we have toโas entrepreneursโwe have to come out of it fast. Like, we cannot say, โOh yes, Iโm going to have a pity party for a month.โ It doesnโt work like that.
Weโve got maybe five or ten minutes. So going for walks, not drinking, the exerciseโand now weโre adding Pilates to this regime.
For years I did personal development speaking, and I was doing one multi-speaker event with Tony Robbins, and Tony said that when he would have that wall-kicking moment, heโd go and be angry for like a couple weeks. And then he realized how much it was costing him.
And heโs like, โOkay, Iโm giving myself a day,โ and then, โIโm giving myself two hours,โ then, โIโm giving myself an hour,โ and then, โFive minutes.โ
And five minutes was it. And I took that, Aimee, and I wentโIโm going to adopt that. So when something happens, Iโve got five minutes, and thatโs it.
Even that is a luxury, becauseโwhat could I do in the other four minutes?
And now Iโm being challenged to do 20 seconds.
Aimee LeMaire 44:09
OhโI misunderstood the question. When you said wall-kicking, you mean like the frustration, dealing with that?
Yeah, I thought you meant when you get to a problem that you donโt know how to solve.
So I think to answer your questionโactually answer itโthe frustration, that flare that you get...
Yeah, maybe I need to listen to Tony Robbins, because it is so frustrating. But then you have to sit there and take yourself out of it.
I think it was Warren Buffett, actually, that said, โIf you stop reacting emotionally and start reacting logically, you can do anything.โ
So for me, when these super frustrating things happen, I just takeโlike you saidโtwo minutes, 25 seconds, and just go, โOkay, how are we going to solve it? Letโs just go.โ
Because I donโt even allow myself to feel the frustration anymore. Itโs just pointless as an entrepreneur. Not even going to feel it. I meanโyou can, some days youโll feel it 20 times a day. But if you sit there and wallow in that feeling, youโll get nothing done.
Susan Sly 45:08
Noโespecially with, you know, the conversation around raising money. Youโre going to have VCs. They often donโt reject you outright. Weโve talked about this on the show.
They send you like, โOh, you know, itโs just not a fit with our thesis,โ or, you know, whatever they sayโa bunch of stuff.
Anyway. That piece aroundโyou have to come back really quickly. And I think even the strategies you gaveโthose are also huge. Like, to be able to do that.
My final question for youโwith regard to Zeyaโwalk us through that customer experience. And for everyone listening, weโll put a link to purchase in the show notes. The different scentsโtalk about the product.
Aimee LeMaire 46:02
Sure, yeah. So we launched with two colors for the diffuser. We did an antique whiteโwe actually have one, if you guys are watchingโyeah, antique white, it's like a floppy [disk], pretty. And you can mount it. So that's the thingโitโs dripless. You can put it underneath the kitchen cabinet, or a coffee table, or somewhere you want to hide it if it's not your style.
So we launched with four scents, and they were basically designed in a way thatโyou probably wonโt like all of themโbut youโll definitely find at least one that you like or love. And theyโre all designed to be used in harmony, and theyโre designed to be used in stages of life.
So we have:
Welcome
Conversation
Third Date Vibes
Epilogue
So itโs all meant to be action-oriented, right? Like, you want people to feel happy in your houseโyou want to set the mood for a partyโyou put in Conversation.
And then the customerโgenerally, what weโre seeingโis theyโll buy the Sampler Set, which comes with one diffuser and all four scents. Theyโll try what they like, and then they tend to add in a few more diffusers, and then the scent that they likeโtheyโll order a bunch of cards.
And then I want to start doing recipes for peopleโlike scent-scaping recipes. Actually, itโs on my list to start having our team create. Because the idea is to allow people to set their home with their scentscape in a way that supports their wellness goals.
So, like, if itโs productivity, put Epilogue in the bedroom to help you sleep, put Conversation in your office to help you concentrate.
Yeahโso thatโs the goal with the product. And I think thatโs the way that customers are using it.
Susan Sly 47:45
YeahโI already think thereโs a friend of mine who definitely gets to experience Third Date Vibes. Thatโs so perfect. Sheโs doing a lot of dating now, which is fun.
And my visionโmy favorite thing to do in the morning, every morningโIโve never said this on the show, so everyone gets to experience thisโI sage my house.
Okay, so I order California sage, I sage my house. I love the smell of sage. Itโs very calming to me.
And Iโm like, okayโafter I do that, pray, meditate, drink my coffee, exerciseโIโm ready to go.
So I donโt know, my vision is... RTG, like, Ready to Go. I donโt know what that scent is.
Susan Sly 48:24
What is RTG? Let's go! Letโs make money, letโs change livesโletโs RTG it. So, yesโone called Delusional, right? I think entrepreneursโ
Well Aimee, itโs been amazing to get to know you. And thank you for being on the show.
Everyone listening, we want to hear comments, give a shout out on social, order your ZeyaโI canโt believe the price point. Itโs amazing.
And Aimee, Iโm excited to do Pilates, sister. So letโs go.
Aimee LeMaire 48:58
Right. Thank you so much for having me.
Susan Sly 49:01
Absolutely. To everyone listeningโjust want to say, God bless, go rock your day, check out previous episodes, and I will see you in the next episode of Raw and Real Entrepreneurshipยฎ.
Voiceover 49:14
Hey, this is Susan, and thanks so much for listening to this episode on Raw and Real Entrepreneurshipยฎ.
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This transcript has been generated using AI technology. There may be errors or discrepancies in the text. The opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views of the show or its hosts.