))
E6: Host Jesse Genet on Selling Her Startup While 8 months Pregnant
Manage episode 424862460 series 3581217
Content provided by Natalie Toren, Jesse Genet, and Erik Torenberg. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Natalie Toren, Jesse Genet, and Erik Torenberg or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
On today’s episode, In The Arena's very own Jesse Genet is in the hotseat. Jesse dives into her biggest crucible moment as the CEO of Lumi: deciding to halt a Series B fundraise and navigating the subsequent conversations with the board, employees affected by layoffs, and acquirers.
RECOMMENDED PODCAST:
The HR industry is at a crossroads. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact? Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners, Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors. Check out the first episode with the architect of Netflix’s culture deck Patty McCord.
https://link.chtbl.com/hrheretics
In The Arena is a part of the Turpentine podcast network. Learn more: www.turpentine.co
RECOMMENDED PODCAST:
Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.
Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH
Apple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812
TIMESTAMPS:
(00:00) Episode Preview
(02:31) Saying no to the fundraise
(08:04) What happened after deciding to go against the board?
(10:03) The moment Jesse realized she couldn't proceed with the Series B
(12:01) How the board received Jesse's decision
(14:08) Podcast Rec: The Limited Partner podcast
(14:44) Reliving Jesse’s lowest low moment
(16:53) How to conduct a layoff
(20:05) Picking up the pieces after Lumi’s layoffs
(23:01) Lumi's founding story
(25:43) The acquisition process
(28:53) Jesse's pregnancy during Lumi's transition and acquisition
X / TWITTER:
@jessegenet (Jesse)
@eriktorenberg (Erik)
@inthearena_pod
11 episodes
Share
