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Transcript of Lea a Der Ship
8/6/2019 Lea a Der Ship
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The New Laws of Leadership
Christine Comaford-Lynch
CEO, Mighty Ventures
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What is Leadership?
“Finance Department.”
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“I was going to thank you, Philip. But, then, yours is athankless job.”
What is Leadership?
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What is Leadership?
“The weird thing is we can’t find anyone qualified toreplace him.”
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What is Leadership?
Influence
Energy = Equity
Equity = AccessAccess = Influence
Influence = Leadership
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The “Official” Bio
• 5x entrepreneur, average 700% ROI
• Invested in over 200 companies as a VCand angel investor, including Google
• Consulted to over 700 of Fortune 1000
• Advisor to White House: Clinton & Bush• Business accelerator, columnist, author
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• High school drop-out, teenage runaway
• Tried numerous “careers”: lingerie model,Buddhist monk, software engineer, geishatrainee, hospice worker
• Became entrepreneur at age 27
• Retired at 40
The “Backstory” Bio
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Mighty Ventures
We help corporations turn theirteams into entrepreneurs
We help entrepreneurs turn their
ideas intohigh-value businesses
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Leadership Components
BRAND:
Maven, Connector, Patton,
Hopper-in-front-of-parade or hybrid
METHOD:
“Bursty” or Always On
• Focus on how you can help others
• Become known as the “go to” person
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7 Laws of Leadership
1. Build A Rockin’ Team
2. Course-Correct Constantly
3. Foster Collaboration
4. Have a “Pair” Made of Brass
5. Work With People—For Better or Worse
6. Say It and DO IT
7. Self-Sacrifice Not Necessary
Leaders Elevate Others!!
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Build A Rockin’ Team
Tip #1: Hire the Fab Four
Visionaries: “see” the future
Leaders: lead the troops
Implementers: make things happen
Infrastructure Builders/Supporters:
build & maintain the foundation
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Build A Rockin’ Team (cont’d)
Tip #2: Choose Wisely
Hire for: Smarts (Smarter than YOU)
Pedigree (GSD over MBA)
Emotional Equity
Playing well (enough) with others
Tip #3: Rock The Culture
• Post values that everyone agrees to uphold• Accountability, Innovation, Speed, Failing
Forward
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Build A Rockin’ Team (cont’d)
Tip #4: Build an Extended Team:
Investors, Board members
Advisory board
Customer council
Strategic Partners
See my column on
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Course-Correct Constantly
““You say itYou say it’’s a wins a win--win, but what if youwin, but what if you’’rere
wrongwrong--wrong and it all goes badwrong and it all goes bad--bad?bad?
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Course-Correct Constantly
• Guide your staff, your company, yourself
back on track• A culture of course-correction:
• Embraces risk
• Fosters accountability and ownership
• Fails forward
• Holds rejection parties
• Fosters entrepreneurship
• Story: Intellectual property fiasco
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Leadership Check
Energy
Equity
Access
Influence
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Foster Collaboration
“And at this point in the meeting I’d like to shift blameaway from me and onto someone else.”
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Foster Collaboration
• With departments, vendors,customers
• Equalizes everyone’s value
• Makes the leader approachable andok to challenge
• Story: Worldwide marketing
repository
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Have a “Pair”
• There’s never enough info for a decision
• Hire smarter• Love competition
• Carry a big umbrella
• Deal with difficult situations & people
• Equalize, Exchange, Embrace
• Story: August 15, 2005
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Leadership Check
Energy
Equity
Access
Influence
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Work with People
• We bring all of ourselves to work: you willdeal with personal issues
• You will build tremendous loyalty as aresult—and touch lives too
• Do you manage up, down, across?
• No people = no business, no bonuses, nochallenge
• Story: Jane
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How Connected Are You?
Myself
Greater Truth /Spirituality
Organizations& Institutions
Ideas andInformation
Pets/Animals
Nature
History
Beauty
Work
Friends &Community
Immediate
Family
Birth Family
ME
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Self-Sacrifice Not
Necessary
• It doesn’t prove commitment
• It leads to burn-out
• It leads to reduced respect from the team
• You deserve high pay, time off • Your employer deserves a refreshed,motivated executive
A CommonMisconception!
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Leadership Check
Energy
Equity
Access
Influence
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Take-Aways
1. Leaders Are Always Elevating
Others2. Know/Reinforce Your Leadership
Brand & Method
3. Remember the Leadership EquationEnergy = Equity
Equity = Access
Access = Influence
Influence = Leadership
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In Closing…
Do It Anyway By Mother Teresa
People are often unreasonable, illogical,
and self-centered;
Forgive them anyway.
If you are kind, People may accuse you
of selfish, ulterior motives;
Be kind anyway.
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If you are successful, you will win some
false friends and some true enemies;
Succeed anyway.
If you are honest and frank,
people may cheat you;
Be honest and frank anyway.
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What you spend years building, someone
could destroy overnight;
Build anyway.
If you find serenity and happiness,
they may be jealous;
Be happy anyway.
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The good you do today,
people will often forget tomorrow;
Do good anyway.
Give the world the best you have,
and it may never be enough;
Give the world the best you've gotanyway.
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You see, in the final analysis,
it is between you and God;
It was never between you and them
anyway.