How I Built This with Guy Raz ·Money

Karissa Bodnar says an iPhone eyeliner ad took Thrive Causemetics from $150 days to $30 million in months

The founder’s version of the Thrive Causemetics breakout story is less girlboss magic than inventory anxiety, unpaid labor, and one very lucky eyeliner ad.

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Thrive Causemetics: Karissa Bodnar. How $150 a Day in Sales Turned into a $150 Million Beauty Business with a Mission

The funny thing about overnight success is how often it has a shipping label printer wheezing in the background. On How I Built This, Karissa Bodnar says Thrive Causemetics went from $150 sales days to a $30 million business in months after customers made a homemade iPhone ad for Infinity Waterproof Eyeliner go viral.

That’s the actual claim here, and it’s a good one because it contains the whole DTC beauty fantasy in miniature. No Sephora buyer anointing the brand. No celebrity founder posing in a beige bathroom. No tasteful launch dinner with tiny spoons. Just a founder with inventory in her living room, no employees, and an eyeliner ad that hit right before Black Friday 2016 like a match in a hairspray aisle.

Having a $150 revenue day, I felt like an absolute baller. And so I was funding the production through working my full-time job as well as my life savings. And I wiped out my entire life savings.

Karissa Bodnar, on the episode

Bodnar’s story has all the founder origin-story accessories, some of them genuinely moving, some of them polished by years of retelling. She grew up in Washington State making pigment from blackberries and grinding sunflower seeds before she knew that “clean beauty” would become a marketing department’s favorite fog machine. She worked at Sephora and Nordstrom, landed at Clarisonic, stayed on after L’Oréal acquired it, and then left after her college friend Kristy died of cancer at 24. That loss became the emotional blueprint for Thrive Causemetics, a brand built to sell makeup and donate products or support to people going through cancer, domestic violence, homelessness, and other hardships.

The viral moment wasn’t cute. It was operational panic.

Bodnar’s best detail is that Thrive’s first big scale problem wasn’t brand awareness. It was customer service. A normal founder fairy tale would pause on the miracle of virality, then cue the montage. Bodnar gives us the less glamorous sequel, dental hygienist friends answering messages after work, sorority students and high school business-club kids packing orders, family members accidentally double-shipping products at midnight.

I had made an ad on my iPhone talking about Infinity Waterproof Eyeliner. And then little by little, those customers started commenting. And I remember calling my sister and saying, oh my gosh, we’re going to do $5,000 in sales this day. And then I remember calling her the next day and saying, oh my gosh, we’re going to do $25,000. And within seven days, it was $100,000.

Karissa Bodnar, on the episode

This is where the claim feels plausible rather than merely shiny. Viral stories often get told as if the internet is a benevolent fairy godmother. Bodnar’s version is sweatier. The ad worked, then the business almost immediately became a logistics problem. She says the company had no employees when the surge began. If true, that means the “zero to 30 million” line is not just a revenue flex. It’s a warning label.

The first department that we built out was customer service. It was because the business went from zero to 30 million in a matter of months when the business finally took off in November of 2016, before Black Friday.

Karissa Bodnar, on the episode

The numbers are still company-reported in this interview, not audited on mic by Guy Raz while wearing a green visor. Treat them as founder testimony. But Bodnar makes the case stronger by including the unsexy parts, no payroll for years, no employees, $25,000 of personal money sitting in unsold eyeliner, and a Honda Civic as basically the only asset in the empire. Nobody invents “I accidentally double-printed ShipStation labels” because it sounds cool.

The mission helped. The mascara had to slap.

The more interesting, and more useful, part of Bodnar’s pitch is what she refuses to romanticize. Thrive Causemetics is a mission brand, yes. The name is literally Causemetics. Its giving model is central to its identity. But when Raz asks whether the mission is why people buy, Bodnar swats away the easy halo answer.

No. No, no. They’re not coming to us because of that. They’re coming to us because Liquid Lash Extensions is Allure’s Best of Beauty winner, you know, which is essentially like winning a Grammy in the beauty industry.

Karissa Bodnar, on the episode

That’s the smartest thing she says. In the 2010s, direct-to-consumer brands could talk themselves into believing that mission, packaging, and an Instagram grid with the emotional temperature of a eucalyptus candle were enough. Bodnar’s line is harsher and better. If the mascara clumps, the donation model won’t save you. If the eyeliner doesn’t work, nobody cares how noble the cap table feels.

She also makes a convincing case against the standard venture-capital beauty script. Bodnar says she spent 2013, 2014, and 2015 trying and failing to raise money. By the time she did bring in outside capital, she says the business was already profitable and over $30 million in revenue, which meant she could write a term sheet that protected her majority ownership and control. That may sound like founder gospel from the Church of Bootstrapping, but in beauty, where products can be developed one at a time and margins can fund the next launch, it’s not crazy. It’s also convenient. The person who still controls the company is always going to have a beautiful theory about why control is virtuous.

Her advice, though, has teeth: raise less. Scarcity, in her telling, forced the company to stay narrow, test product by product, and keep the team lean. The danger of this gospel is that it can make underfunding sound morally superior, which is easy to say once the eyeliner ad has already hit. Before that, scarcity is not a leadership philosophy. It’s boxes in your apartment and a sick feeling when they don’t move.

Infinity Waterproof Eyeliner, which is ultimately what built the business into a $30 million business, that didn’t take off for a year and a half. And so I had to walk, it was like the walk of shame every day looking at that inventory.

Karissa Bodnar, on the episode

That’s the part a listener should keep. Not the $150 million headline, not the founder myth, not even the iPhone ad. The stake is simpler and meaner: if Bodnar’s story is true, the product that changes your business may spend 18 months making you feel like an idiot before it makes you look like a genius.

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Questions this episode answers
How did Thrive Causemetics go viral?
Karissa Bodnar says the breakout came from an iPhone ad she made for Infinity Waterproof Eyeliner. Customers started commenting and sharing, and she says daily sales jumped from $5,000 to $25,000, then to $100,000 within seven days. That momentum, by her account, pushed the company to $30 million in revenue within months.
Was Thrive Causemetics successful because of its mission?
Bodnar gives the less sentimental answer: no, not by itself. She says the charitable mission strengthens loyalty and shapes what ingredients Thrive will and won’t use, especially because the brand donates to cancer patients, but customers come first for the product. Her blunt point is that people who only want to give back can donate directly.
Did Karissa Bodnar raise venture capital early?
Not successfully. She says she tried to raise money in 2013, 2014, and 2015 and struck out, then built the company with savings, a full-time job, and product revenue. By the time she did take outside capital, she says Thrive was already profitable and over $30 million in revenue, which let her protect majority ownership and control.