Business coach Cameron Herold and host Nathan Latka discuss the macro fundraising environment and market froth.
Disclosure
Herold: Sprint pays $160,000 annually for one monthly executive coaching call
“My starting point is 80,000 a year is my starting entry point with any of the clients. And then I have up from there, depending on the size. So I coach the second in command of sprint. So they're paying double that. And I just do one call a month with them.”
Disclosure
Herold: Uses Augusta rule for an $80,000 to $90,000 annual tax deduction
“So what I do is my business rents the house from myself for the 16 nights a year that I'm allowed, and I use it for business purposes, and those business purposes are legitimate, and you get a fairly about an 80 or 90,000 dollar tax rate.”
Insight
Herold: Culture Is Alignment and Removing Bad Employees, Not Free Food
“Culture is not about the wee room and the free lunch. It's about the alignment with core values, alignment with vision, getting rid of the bad employees.”
Assertion Not checkable as stated
Herold: Pushed Hootsuite aggressively back toward profitability during 2015 leadership meeting
“I led the leadership team meeting for Hootsuite two and a half years ago for Ryan Holmes and his team, and I really, really aggressively pushed them back towards profitability, so they did.”
Assertion Partly supported
Herold: Scaled 1-800-GOT-JUNK from 14 to 3,100 employees in six years
“I then became the COO, chief operating officer for a small company called the one 800 got junk. And I took them from 14 employees to 3100 employees in six years.”
Assertion Contradicted
Herold: Early virtual currency startup had 30,000 corporate clients including Starwood
“We had 30,000 companies using our currency instead of the US dollar. We had Starwood Hotels, Avis Rent-A-Car, Hard Rock Cafe. They all accepted our electronic currency, which was tied to the US dollar in terms of evaluation, but it was completely backed by not…”