Assessing the likelihood for success of a CEO transitioning from venture capital to the growth equity landscape typically extends well beyond one person. At Edison Partners, our investment barometer factors in multiple elements including product and customer feedback, your approach to leadership as your team grows, and the current and future culture and capabilities of the company you aspire to build. Growing a company is truly a team sport. How you assemble your critical C-suite roles across product and technology, go-to-market, finance, and HR (among other disciplines) are all telling factors in the assessment process.
Preparing for step change requires an intentional and disciplined approach, around the leadership table. One approach used to support newly invested portfolio CEOs and their teams is the Six Team Conditions Framework. Originally informed by research from more than a thousand teams, the framework considers three enabling factors and three essential factors critical to accelerating team performance. Using a systemic approach, the framework considers how your team operates together, the efforts applied, and the skill sets used. Through a connected diagnostic, you as the CEO are able to identify where strengths and gaps exist, while concurrently navigating the challenges and complexities of top and bottom-line growth. A cursory review of the Six Team Conditions framework leads to one simple question: as CEO, what type of leadership team do you want to build that will deliver against the vision you have?
As you reflect, consider this …
Look in the mirror:
Design the team you seek:
What team processes should we put in place to ensure we operate effectively over time (including team purpose, norms and values)?
Leading a high growth company is hard work. Successful portfolio CEOs and their teams must all be committed to the effort. The best CEOs build the right teams around them – with intentionality, suited to the business, tailored to the business’ stage of growth, oriented toward customers, and that operate in the most effective way possible.
Should you be looking for help, consider tapping your Board. If they’re anything like us, they’ll want to be pulled into these team-forming discussions right from the get-go. When that’s not an option, please drop me a line. Let's work together to make it happen.