Earlier this month, Cowboy Ventures’ Ted Wang joined us at TechCrunch Early Stage: Marketing and Fundraising, where he spoke about executive coaching and why he encourages founders in his portfolio to have a CEO coach. Wang, who has an executive coach himself, sees coaching as a key way to drive sustained personal drawl, a factor that he believes separates the middling CEOs from the ideally suited ones.
Why CEOs want coaching
Fair like professional athletes at the pinnacle of their game silent want coaching, executives can want external validation and comment on where they are and aren’t delivering, Wang says. These insights can be tricky for executives to catch on their very acquire and may well require a stage of honesty that can be challenging for a CEO to query from anyone eager with their company.
Roger Federer — the famous tennis player who has gained 20 Grand Slam occasions — he has a coach, but he doesn’t factual have a coach, he has a coach for tennis. I’m fairly certain Roger knows the foundations of the game and all the diversified strokes he wishes to hit, so why would he have a coach? The answer is really that it’s about having a second set of eyes; as soon as you’re within the moment … it’s hard to be able to search for yourself and assess yourself. (Timestamp: 4: 52)
Coaches can attend entrepreneurs replicate and reframe the issues being communicated with them.
A lawful example — you can be at a board meeting and one of your board participants is being critical of your VP of marketing, and one way to mediate of that is “Oh, OK, right here are some issues we need to resolve for this person,” but another point of scrutinize that a coach may well originate your eyes to, is actually maybe this person thinks you’re no longer hiring the factual of us. (Timestamp: 8: 59)
While advisers can attend startups navigate tactical situations, therapists may be extra centered on helping customers navigate emotional states and enhance themselves. Coaching exists in a very nebulous gray area between startup advisers and licensed therapists, Wang says, but coaching is extra centered on bettering yourself as a trade leader rather than solving a particularly vexing startup issue.
Whenever you’re within the moment … it’s hard to be able to search for yourself and assess yourself.