Morley: Carbon Black had 20 employees and beta customers upon joining
“When I came to Carbon Black, we had 20 employees and Full of what I would call beta customers.”
Morley: Carbon Black had raised about $24 million before his arrival
“The distant history, I think the company had raised about twenty four million dollars. Okay. Before I came on board.”
Morley: Carbon Black is under $200M ARR, passed $51M quarterly revenue
“We're just under two hundred million in ARR. Company just passed just passed 50, in our last quarter, we just passed fifty-one million in, in revenue and .”
Morley: Carbon Black raised $191M prior to IPO
“One hundred and ninety one million.”
Morley: Carbon Black raised roughly $160M on IPO day
“A 160. Rough. A hundred and sixty million.”
Morley: Cloud Companies Do Not Talk Enough About Gross Margins
“And then gross margins as a cloud company, a lot of people don't talk enough in our opinion about gross margins. Obviously gross margins are really, really important for internal employees to understand.”
Morley has taken five startup teams public over his 25-year career
“Well, when you look at building a company, my experience, I've spent the last 25 plus years helping to build and scale a variety of different startups and have been fortunate enough to be part of five teams that have brought companies public, including Carbon …”
Morley: A CEO's core duties are scaling teams, strategy, and communication
“There's three core characteristics, three core elements for the CEO. I certainly think one of them is about the people and making sure that you continue to scale the team around you. Absolutely. And by the way, that gets hard because you have to do it quite of…”
Morley: Empowering department leaders with true ownership encourages organizational risk-taking
“The desire to allow people to run your own business, in my belief, their own department, allows people to take more risks. Because if I feel like I truly am empowered to run my business within the constraints of what we're trying to do as a company, within tha…”
Morley: Executives who become reactive rather than proactive must be replaced
“When you have people, team members who are reacting as opposed to being proactive about what's coming, It becomes very obvious that you're going to have to make a decision to bring someone else in.”
Morley: Carbon Black cycled through three distinct executive teams while scaling
“If you look over the years, I've effectively had three senior teams around me that I've had the opportunity to work with.”
Morley: Leaders often fail by making critical decisions without driving organizational alignment
“And that's a big place I see people fail. They'll make critical decisions, and then on the communication side and on the alignment side, they don't do a great job of aligning everyone.”
Morley speaks at every new employee orientation to explain Carbon Black's mission
“We do new employee orientation for every single and I speak at every single new employee orientation. I shake every single new employee's hand and tell them why we're here and what we're all about and what we're trying to achieve.”
Morley: Going public forces difficult restrictions on internal transparency and employee communication
“I think one of the challenges, and many companies have spoken to this, one of the challenges of being a public company is the way that you communicate and the transparency that you exhibit inside the company from a comm standpoint has to change, and it's harde…”
Morley: Educating public equity investors consumes significant time for post-IPO executives
“Going out and helping public equity buyers understand who we are as a company, and the amount of time that that requires for myself and others at the senior level in the company.”
Morley: Founders should evaluate and treat board members like executive team hires
“First off, I think every founder, every CEO should look at their board as an extension of their team. They shouldn't think of them as separate. And by an extension of the team, I mean the same characteristics that you're looking for with regards to who you wou…”