Host Jesse Genet on Selling Her Startup While 8 months Pregnant
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. Check out The Limited Partner Podcast. In The Arena is a part of the Turpentine podcast network. Learn more: www.turpentine.co TIMESTAMPS: (00:00) Episode Preview (02:31) Saying no to the fundraise (08:17) What happened after deciding to go against the board? (10:28) The moment Jesse realized she couldn't proceed with the Series B (12:37) How the board received Jesse's decision(14:46) Podcast recommendation: @david_weisburd (15:22) Reliving Jesse’s lowest low moment (17:46) How to conduct a layoff (21:20) Picking up the pieces after Lumi’s layoffs (24:34) Lumi's founding story (27:20) The acquisition process (30:39) Jesse's pregnancy during Lumi's transition and acquisition X/ TWITTER: @jessegenet (Jesse) @eriktorenberg (Erik) @inthearena_pod Music Licenses: KMQUK7R0WHAOYOWM QDKXN6KURFFYH6FJ
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