Home Features Mastermind Videos About Advertise Blog Network Contact
   
Entrepreneur Advice:
Paul Kedrosky
paul.kedrosky.com
   
About Paul Kedrosky

Dr. Kedrosky is currently the Executive Director of the William J. von Liebig Center in San Diego, California. Using an innovative seed capital program, the Center catalyzes the commercialization of technologies from the internationally-ranked University of California, San Diego. Dr. Kedrosky is also a venture investor with Ventures West, Canada's largest institutional venture capital firm, where he is most active in consumer technologies and software. He is currently on the board of Marqui Corporation, a marketing automation software company.



Recent Article:

Advice du Jour: Do Whatever Gets You Tenure - For more on Paul Kedrosky visit paul.kedrosky.com

I was recently talking to a CEO friend of mine who is having trouble with his board. He thinks there is a very good chance that he will soon be fired.

What's the problem?, I asked.

"Fucking board full of VCs," he said. "They undervalue me. I'm knocking myself out getting this company on analysts' radar, getting our systems in place, hiring good people, and even closed this recent round. And what do I get? Grief at every board meeting, and at weekly calls inbetween."

What are they giving you grief about?

"Number crap," he said. "They are hung up on a couple of key accounts, ones that we thought we would have closed by now, but haven't. It'll either happen or it won't, but beating on me every week isn't going to change anything. These fuckers should get a real job sometime and see what it's like on the other side."

I don't want to sound glib, I said, but why don't you just close the deals?

"What?", we're trying. "But it's complicated and time-consuming, and I can't spend every minute hanging with my sales guys as they work the process. There are too many fires to spend my time only on those ones."

I told him the story of another super-smart friend of mine. Harvard Ph.D. One of the most intelligent people I've ever met. Quicker than quick. He took a job as an academic at a top-tier U.S. school, had a great research program, and proceeded to not get get tenure, despite being the smartest guy in the place, which everyone knew.

Why? Because to get tenure he had to publish papers, and he had a couple of key papers in the edit cycle, and he knew they would eventually get published. He spent the bulk of his time doing other stuff, like consulting, teaching, helping other faculty, and doing doctoral supervision. Trouble is, those key papers weren't accepted in time for his tenure review, so he was terminated -- even though the papers were accepted 3-4 months later.

The moral of the story: Do what gets you tenure. If he had been knocking himself out getting other papers in other publications, even if they hadn't published, he would have been cut more slack than he was for what he did (however laudable it was).

Same thing for my CEO friend. Boards are wrong about many things, but if you balk at the thing they unanimously want, then you are going to have to soon find other employment. Do what gets you tenure. If they want to see you selling, be seen selling. A lot.

And if you think that's being cynical or pandering, then you have no business in real world of business.



Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
Advice du Jour: Do Whatever Gets You Tenure
  I was recently talking to a CEO friend of mine who is having trouble with his board. He thinks there is a very good chance that he will soon be fired.
Do You Pass The Leadership Test?
  The quality of performance in any organization is a direct reflection of the quality of leadership. The quality of morale, loyalty, retention, relationships, and business performance is directly related to how indiv...
When to Listen
  I always ask other people what they think. Whether it’s in my real-life boardroom when I’m making a multi-million dollar business decision or whether it’s on the set of The Apprentice in my famous boardroom, I like ...
Clearing Up The Myths About Seeking Advice and Help, According To Your Strategic Thinking Business Coach
  How do you feel about asking for advice and for some form of help from others? Do you always resist asking, or do you resist until it is a last resort? Why do people delay making a justified and valid request for ...
Father's Day Advice from My Father
  Sunday is Father’s Day which, of course, always makes me think of my dad, Fred C. Trump.

Related Forum Posts Related Forum Posts
Entrepreneur Advice From The Masters Entrepreneur Advice From The Masters
Entrepreneurial reads! Entrepreneurial reads!
Practical Sales Advice Practical Sales Advice
Michael Gerber Books Michael Gerber Books
Michael Gerber's E-Myth Michael Gerber's E-Myth
Domains Domains
3 resources to find workers to free up your time 3 resources to find workers to free up your time
Hello from an ex lurker!! Hello from an ex lurker!!
 


More Paul Kedrosky

Paul Kedrosky - Read The Blog

Paul Kedrosky - Infectious Greed Shirts, Stickers & Mugs

 

 
   
 
 
   

 

 

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell