In this episode of The Two Percent, Founders of 831 Stories Erica Cerulo and Claire Mazur discuss their second act as builders, and how they’re turning a breakout novel into a scalable intellectual property platform with 831 Stories. Rather than treating the book as a singular product, they share how they’re designing a story-driven universe built for long-term expansion across community, commerce, and culture.
They unpack the strategic decision to prioritize direct audience relationships over traditional publishing pathways, why they view community as core infrastructure rather than a marketing channel, and how depth — not virality — drives durable growth. The conversation also explores their co-founder operating system, how they divide creative and business responsibilities, and the discipline behind building deliberately in an industry that often rewards speed.
This episode is a case study in building IP in public, co-founder dynamics, and what it looks like to create something designed to last.
Check out 831: https://www.instagram.com/831storieshq/
Follow Erica: https://www.instagram.com/ericacerulo/
Follow Claire: https://www.instagram.com/clairemazur/
Follow Anu: https://www.instagram.com/anuduggal/
Follow Female Founders Fund: https://www.instagram.com/femalefoundersfund/
Season 7 of The Two Percent is presented by J.P. Morgan.
J.P. Morgan supports businesses at every stage of growth, from startups to mature companies, by providing access to dedicated banking teams with deep expertise across industries. J.P. Morgan helps startups navigate complexity with confidence and scale with purpose. Learn about How J.P. Morgan partners with startups: http://jpmorgan.com/growwithoutlimits
Disclosure: The Two Percent is hosted by Anu Duggal, Founding Partner of Female Founders Fund. Some guests featured on the podcast may be founders or leaders of companies that Female Founders Fund has invested in, or may have other professional relationships with the fund. Any views expressed by guests are their own and do not necessarily reflect the views of Female Founders Fund or its affiliates. This podcast is for informational purposes only and should not be considered investment advice.
Executive Producer: Anu Duggal
Series Producer / Editorial Producer: Julie Cerick
Production Manager: Rachel Braun
Post-Production & Editing: Rachel Braun, Don't Buzz, Melrose Podcasts Studios