Podcast Episode

Everyone Told Her Not to Build Peanut. She Did It Anyway | Michelle Kennedy

The Entrepreneur Experiment

Episode 526Oct 8, 20261 hr

Who’s talking

2 speakers
Michelle Kennedy42 min · 72%
Gary Fox16 min · 28%

1Transcript613 turns · 1 hr

MK
Michelle Kennedy0:00

I launched Peanut at a time when no one wanted to talk about motherhood, let alone fertility, let alone menopause. I mean, that was not being done. I allowed so many people to pick my brains, I'm not sure if I had any brains left after year one.

GF
Gary Fox0:11

[laughs]

MK
Michelle Kennedy0:11

If it catastrophically or really to the negative of the business impacts your data, then you know that that's, that's either the thing you shouldn't touch or it's the very thing that you could amp. Go and build your network. Start today. Don't wait. Do not skip a beat. Listen to this, and go and do that exercise of what do I need my network to do for me, and how am I gonna action it?

GF
Gary Fox0:32

Michelle, welcome to the pod.

MK
Michelle Kennedy0:33

Thanks so much for having me.

GF
Gary Fox0:34

We did a pod within a pod there.

MK
Michelle Kennedy0:36

We did.

GF
Gary Fox0:36

We chatted away, so I think-

MK
Michelle Kennedy0:37

[laughs]

GF
Gary Fox0:38

... the chemistry is there. What do you do?

MK
Michelle Kennedy0:41

What do I do? I am the CEO of Peanut, which is a social network which connects women across different life stages. So if you're going through a fertility journey, uh, if you're pregnant, a new mom, mom of tweens, um, it's a place where you can come, connect, ask questions, share stories, laugh, vent. Um, we always say there's nothing too gross on Peanut. You can say whatever you want, within reason, um, about the realities of being a woman and being a mother.

GF
Gary Fox1:09

Hmm. And where did that idea come from?

MK
Michelle Kennedy1:11

I didn't have that platform. I became a mom. I was the first in my friendship group to have, um, a child, and I really didn't expect a lot of what came with it. I had the stuff. I had the gear.

GF
Gary Fox1:24

Hmm.

MK
Michelle Kennedy1:24

I knew about everything I needed to buy, but when it came to the me part, I didn't know that I was gonna change. I didn't know that I would feel, um, differently than I'd expected to feel. And really, really what I needed were other women who were going through the same thing as me, and that's never changed. That's always been there throughout. You know, my kids are older now, and I still feel it. Um, and so I think I'd built the platform I wish existed, and then when I had my daughter, I used the platform that then did exist. So it's, it's, it's for that reason.

GF
Gary Fox1:59

You solved your own problem.

MK
Michelle Kennedy2:00

I think so, yeah.

GF
Gary Fox2:01

Uh, it, it's a really powerful thing to do because I think sometimes founders build products and then find the problem. They go searching for a problem-

MK
Michelle Kennedy2:11

That's right

GF
Gary Fox2:11

... whereas it rarely works. It always has to come from a pain. I was ta- and a friend of mine yesterday, they're building a new product, and I was like, "Right, there's a massive pain point there." He goes, "Honestly, Gary, people are crying on the customer discovery calls because they're in s- literal pain."

MK
Michelle Kennedy2:23

Yeah.

GF
Gary Fox2:24

It's, it's so beautiful when you see a product like yours that just has a ripple effect.

MK
Michelle Kennedy2:29

Yeah.

GF
Gary Fox2:29

The f- funny, it's in my head 'cause the previous guest was talking about just the ripple effect of doing good things.

MK
Michelle Kennedy2:34

Mm.

GF
Gary Fox2:34

And, like, when you think about the ripple effect of Peanut, it is quite large.

MK
Michelle Kennedy2:37

I always say to the team, and we, we really revel in it, we are one of the very, like, we're in a really rarefied position where we get to go into work every day and leave the world a little bit better than we found it because the only thing that we are focused on is, is she feeling heard? Is her

2Episode notes

Michelle Kennedy was told to build another dating app.

She knew dating. She had worked at Badoo and Bumble. It was the obvious move.

Instead, she built Peanut.

Michelle created Peanut after becoming a mother and experiencing first hand how isolating that transition could be. What began as the product she wished existed has grown into a global community connecting women through motherhood, fertility, menopause and some of the most important stages of their lives.

But the journey started unusually.

Michelle raised investment before she had a product or a team. At that point, she essentially had herself, an idea and a deck.

She then made another unconventional decision. Rather than slowly expanding from London across the UK, she went directly after the US market, launching into cities including New York, San Francisco and Los Angeles.

In this episode, we unpack how she did it.

Michelle explains why she deliberately targeted America, what she would do differently if she were raising money today, and why taking institutional investment so early created lessons she only understood later.

We also explore one of the most important but least discussed advantages in business: your network.

Michelle openly admits that she spent much of her early career without understanding networking at all. She explains how she eventually realised that relationships were driving opportunities

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