“Offer them a 90 day out clause ... you can say no between now and the first 90 days and that.”
RW
Rob Walling
Startups For the Rest of Us ·
Tracy Britt-Cool · Capital Allocators - Inside the Institutional Investment Industry · Building a Berkshire for the Middle Market - Tracy Britt Cool
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When entering a new portfolio company as CEO, she spent the first 90 days listening, asking questions, and co-creating strategy rather than presenting a fixed 90-day plan
“Offer them a 90 day out clause ... you can say no between now and the first 90 days and that.”
“If we're running a POC, mark it for 90 days… the tech can really prove that out within the first 90 days of piloting”
“We spent £3,500 on a guy who came in and made some videos... we were spending about £30 a day for about 90 days on that.”
“Closing the first meeting with an assertive assumption rather than asking if the prospect has any questions increases the chances the prospect will schedule a second meeting”
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