36 min
E6: Host Jesse Genet on Selling Her Startup Lumi While 8 months Pregnant "In The Arena"
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- Entrepreneurship
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 PODCASTS:
On The Limited Partner Podcast we discuss Venture Capital through the lens of Limited Partners. Join us for conversations that are normally held in stealth. Head to https://link.chtbl.com/thelimitedpartner to listen on the platform of your choice!
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
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 PODCASTS:
On The Limited Partner Podcast we discuss Venture Capital through the lens of Limited Partners. Join us for conversations that are normally held in stealth. Head to https://link.chtbl.com/thelimitedpartner to listen on the platform of your choice!
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
36 min