Co-Founder and Head of Consumer Investments - Ortella Global Capital (OG Capital) | Funding and co-building profitable companies | VC who cycles
Came across a LinkedIn writeup about the 2Ps that need to balanced by a founder. “Pace” and “Purpose”. There will be immense pressure on the founder from stake-holders, both internal and external (people like me :-P) for both of these. Navigating the delicate balance between Pace and Purpose as a startup CEO is both a challenge and a cornerstone of sustainable growth. #Pace: In the dynamic world of entrepreneurship, speed and agility are crucial for seizing opportunities and staying ahead of the competition. It’s about moving swiftly, adapting to market changes, and executing decisions with precision. But a rapid pace might also bring in instability and expose gap in team’s skill and capabilities. So a founder need to define the right pace. #Purpose: However, speed alone is not enough. Purpose provides the guiding star that ensures every action contributes meaningfully towards the startup’s long-term goals and societal impact. It’s about having a clear mission that inspires and aligns the team, focusing on creating value for customers and stakeholders, and upholding ethical standards in all endeavours. But any change in leadership’s mindset has to align with the overall organization and have to be in sync with the purpose. Striking this balance requires a nuanced approach. It involves fostering a culture where #innovation thrives without compromising on the startup’s core values. It means making data-driven decisions swiftly while ensuring they resonate with the startup’s broader purpose and vision. It’s about #empowering teams to take #ownership and #initiative, fostering a sense of responsibility that drives both individual and organizational growth. Can a startup flourish by compromising on either one of Pace or Purpose? On short term, “Yes”. It might create some dissonance in the organization, but then its up to the founder to bring back the organization to balance. But have seen founders who have missed pace and in the panic, lost purpose too. That’s a certain loss of value for the startup and investors. Founder has to embrace this challenge daily and has to believe that by harmonizing Pace and Purpose, they will not only drive the business forward but also create a lasting positive impact in their industry and beyond. How do you approach balancing Pace and Purpose in your journey? Let’s share insights and learn from each other’s experiences. #startup #founder #startupjourney #VC
