Tracy DiNunzio on Resilience, Raising Money, and Guest Hosting the Pod
Money Rehab with Nicole Lapin
Deep Dive
Why did Tracy DiNunzio initially hide her disability when starting her company Tradesy?
She feared investors and employees would doubt her capabilities if they knew about her physical disability, as she didn't see many successful women or people with disabilities in her field.
How much venture capital did Tracy DiNunzio raise for Tradesy over a decade?
$150 million from notable investors like John Doerr and Richard Branson.
What was the primary reason Tracy DiNunzio had to manage her health condition alongside her business?
She was born with spina bifida, which required numerous surgeries and constant medical management, making her health her first job and business her second.
What pivotal moment led Tracy DiNunzio to be more open about her disability?
In 2019, she started using a cane due to worsening health, which forced her to reveal her condition. Contrary to her fears, her team and investors responded with increased support.
What advice does Tracy DiNunzio give for fundraising?
Confidence is crucial; founders should exude a contagious belief in their vision. While preparation is essential, the energy and conviction in the pitch are more impactful.
How did Tracy DiNunzio's perspective on personal finance evolve?
Initially focused on managing investor capital, she struggled with personal finance until seeking guidance, highlighting the difference in mindset when dealing with personal versus investor money.
What role does Tracy DiNunzio see for herself in the entrepreneurial community now?
She is an angel investor focusing on promising startups, particularly those led by determined founders with a chip on their shoulder, similar to her early days.
What significant change did Tracy DiNunzio notice in the fashion resale market during her time at Tradesy?
The market saw a surge in funding and competition, with companies like Tradesy, The RealReal, Poshmark, and ThredUp heavily investing in rapid growth, though profitability became a later concern.
- Founded Tradesy, a luxury resale marketplace
- Raised $150 million in venture capital
- Sold Tradesy for a nine-figure sum
- Overcame challenges of starting a business with no prior experience
- Emphasizes the importance of confidence and faking it till you make it in fundraising
Shownotes Transcript