Financial Struggles of Selena Gomez's Mental Health Venture

May 10, 2025 - 20:38

In a surprising turn of events, employees at Wondermind, the mental health startup co-founded by Selena Gomez and her mother, Mandy Teefey, were informed about the company's financial difficulties. Teefey revealed that she had to take out a loan against her home to help keep the company operational after the startup missed payroll on two occasions in recent weeks.

This revelation has raised concerns among the staff regarding the future of the company and its ability to provide the support and resources it aims to offer for mental health awareness. Employees were left feeling anxious about their financial stability and the long-term viability of the organization.

Wondermind was established with the mission to foster mental health awareness and provide accessible resources, but these recent challenges highlight the difficulties many startups face in securing consistent funding. As the situation unfolds, the focus remains on how the company will navigate these financial hurdles while continuing to support its workforce and mission.