Kendra Scott says she launched her billion-dollar business from her bedroom with just $500 when she was pregnant with her first son

Core Insights - Kendra Scott's jewelry business began in 2002 with no investors and only $500, showcasing her determination and entrepreneurial spirit [1][2] Company Background - The company was founded in a spare bedroom in Austin, Texas, where Scott designed her first jewelry collection while pregnant, aiming to create high-quality jewelry at accessible prices [2][3] - Scott's initial sales strategy involved personally visiting local boutiques with her infant son, which she humorously noted helped in selling products [3] Financial Challenges and Growth - The early days of the business were marked by significant financial struggles, including selling her car and taking personal loans to fund operations [3][5] - Scott's relationship with debt was intense, as she used everything she owned as collateral for loans, which instilled a sense of discipline in managing the business finances [5] - The 2008 financial crisis posed a severe threat to the business, leading to the loss of wholesalers and a critical call on a line of credit, but a local bank provided necessary support [6]