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E6: Host Jesse Genet on Selling Her Startup While 8 months Pregnant
Manage episode 424862460 series 3581217
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On today’s episode, In The Arena's very own Jesse Genet is in the hotseat. Jesse dives into her biggest crucible moment as the CEO of Lumi: deciding to halt a Series B fundraise and navigating the subsequent conversations with the board, employees affected by layoffs, and acquirers.
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🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.
Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937
Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSz
YouTube: https://www.youtube.com/@ThisWontLastpodcast
In The Arena is a part of the Turpentine podcast network. Learn more: www.turpentine.co
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TIMESTAMPS:
(00:00) Episode Preview
(02:31) Saying no to the fundraise
(08:04) What happened after deciding to go against the board?
(10:03) The moment Jesse realized she couldn't proceed with the Series B
(12:01) How the board received Jesse's decision
(14:08) Podcast Rec: The Limited Partner podcast
(14:44) Reliving Jesse’s lowest low moment
(16:53) How to conduct a layoff
(20:05) Picking up the pieces after Lumi’s layoffs
(23:01) Lumi's founding story
(25:43) The acquisition process
(28:53) Jesse's pregnancy during Lumi's transition and acquisition
X / TWITTER:
@jessegenet (Jesse)
@eriktorenberg (Erik)
@inthearena_pod
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