• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

This Woman Emptied Her 401(k) to Launch a Business – and It Worked

By
Polina Marinova
Polina Marinova
Down Arrow Button Icon
By
Polina Marinova
Polina Marinova
Down Arrow Button Icon
August 1, 2016, 7:30 AM ET
Courtesy Yummy Spoonfuls

Agatha Achindu vividly remembers the day she told her husband she was quitting her six-figure salary job at a Fortune 500 company to work on her baby–food business full-time.

Ten years later, she’s still in disbelief over what she did next.

“It would only take an immigrant to do something like this: I took every penny out of our 401(k)s,” says Achindu, a native of Cameroon who moved to the U.S. in the early 1990s. “It was everything we had.”

In hindsight, she acknowledges how brash a decision it was, but at the time, it was what they needed to fund the packaging for her line of frozen, squeezable organic baby-food purees, Yummy Spoonfuls.

Achindu launched the brand in 2006 and had a handful of celebrity customers, including actress Tia Mowry-Hardrict, but growing the business was a slow burn. Then, one day in 2014 changed her company’s entire trajectory. She met Brazilian-born Camila Alves, model-designer and wife of actor Matthew McConaughey, over tacos at Ollie’s Duck & Dive in Malibu, California. (Alves was considering launching her own baby food business, but a friend recommended she speak with Achindu first). The two hit it off right away on both a personal and professional level.

“[Agatha is] from Africa, I’m from Brazil,” Alves says. “She grew up in a family of farmers, I grew up in a family of farmers. We both really understand the importance of real, organic food.”

Related: One Investor’s Advice to Immigrant Entrepreneurs: Don’t Hide Your Accent

The duo decided to team up and take Yummy Spoonfuls from a small venture in Georgia to a national brand. Alves took a co-founder role, and they began discussing production methods, raising money and packaging designs. Whole Foods was the first retailer to pick up the product in 2009. Target began selling it this past June.

Achindu and Alves say they stayed up until 4 a.m preparing a pitch for Target executives. Target was an important partner because Achindu “didn’t want this to be an elitist product,” and wanted to make it accessible to consumers who don’t shop at high-end grocery stores. Yummy Spoonful pouches are available for purchase in the freezer section of Target starting at a price point of $2.29.

In 2009, Yummy Spoonfuls had 25 different types of pouches available in 14 stores. Today, it has 31 flavors in more than 1,500 stores. The company declined to disclose annual revenue and funding.

The growth hasn’t been entirely easy on Achindu. As a working mother with a husband and three kids, her biggest challenge is spending enough time with family. She calls it “the working mother guilt.” Over the years, she’s learned not to let it consume her. “To all the women out there who are aspiring to start their own business — do not let the guilt take you away from your purpose because you can find a way to do all of it.”

Her secret to leading a productive life is a strict adherence to her calendar. Tuesday evenings are sacred to her – that block of time is reserved for a date night with her husband. If she’s traveling and has to miss a date night, she immediately re-schedules it. “It sounds weird but it makes my life work, so no one feels cheated,” she says. “My husband doesn’t feel cheated. My kids don’t feel cheated. And my business doesn’t feel cheated.”

About the Author
By Polina Marinova
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

‘Babies become sitting ducks’: Babies too young for vaccines remain vulnerable in measles ‘hotbed’ communities
HealthVaccine
‘Babies become sitting ducks’: Babies too young for vaccines remain vulnerable in measles ‘hotbed’ communities
By The Associated Press, Laura Ungar and Devi ShastriApril 10, 2026
16 minutes ago
The Bread Savings logo on a green layered background.
Personal FinanceCertificates of Deposit (CDs)
Bread Savings CD rates 2026: Standard and IRA CDs with top-tier APYs
By Joseph HostetlerApril 10, 2026
35 minutes ago
Top CD rates from major banks April 10, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on April 10, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerApril 10, 2026
46 minutes ago
Current price of Bitcoin for April 10, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for April 10, 2026
By Joseph HostetlerApril 10, 2026
52 minutes ago
Current price of Ethereum for April 10, 2026
Personal FinanceEthereum
Current price of Ethereum for April 10, 2026
By Joseph HostetlerApril 10, 2026
52 minutes ago
Current price of gold as of April 10, 2026
Personal Financegold prices
Current price of gold as of April 10, 2026
By Danny BakstApril 10, 2026
53 minutes ago

Most Popular

The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined
Economy
The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined
By Fortune EditorsApril 9, 2026
1 day ago
A Meta employee created a dashboard so coworkers can compete to be the company's No. 1 AI token user—and Zuckerberg doesn't even rank in the top 250
AI
A Meta employee created a dashboard so coworkers can compete to be the company's No. 1 AI token user—and Zuckerberg doesn't even rank in the top 250
By Fortune EditorsApril 9, 2026
1 day ago
Gen Z doesn't want your full-time job. They want several part-time roles, and it's reshaping the entire workforce
Success
Gen Z doesn't want your full-time job. They want several part-time roles, and it's reshaping the entire workforce
By Fortune EditorsApril 9, 2026
1 day ago
Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'
Investing
Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'
By Fortune EditorsApril 9, 2026
22 hours ago
'I hate working 5 days': Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031
Success
'I hate working 5 days': Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031
By Fortune EditorsApril 9, 2026
23 hours ago
Current price of oil as of April 9, 2026
Personal Finance
Current price of oil as of April 9, 2026
By Fortune EditorsApril 9, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.