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Matt Mochary: preference

10 Nov 2022 Lenny's Podcast How to fire people with grace, work through fear, and nurture innovation | Matt Mochary (CEO coach)

“Ryan obviously started Product Hunt and then he sold the company to AngelList, so he was part of AngelList when I went there because I was coaching Naval.”

— Matt Mochary

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Everything needed to verify it.

Speaker
Matt Mochary
Attribution
Verified speaker
Claim type
preference
Recorded
10 Nov 2022
Publisher
Lenny's Podcast

Transcript context

…This episode is brought to you by Vanta, helping you streamline your security compliance to accelerate growth. If your business stores any data in the cloud, then you've likely been asked or you're going to be asked about your SOC 2 compliance. SOC 2 is a way to prove your company's taking proper security measures to protect customer data and builds trust with customers and partners, especially those with serious security requirements. Also, if you want to sell to the enterprise, proving security is essential. SOC 2 can either open the door for bigger and better deals or it can put your business on hold. If you don't have a SOC 2, there's a good chance you won't even get a seat at the table. Beginning a SOC 2 report can be a huge burden, especially for startups. It's time consuming, tedious, and expensive. Enter Vanta. Over 3000 fast growing companies use Vanta to automate up to 90% of the work involved with SOC 2. Vanta can get you ready for security audits in weeks instead of months, less than a third of the time that it usually takes. For a limited time, Lenny's Podcast listeners get $1,000 off Vanta. Just go to vanta.com/lenny, that's vanta.com/lenny to learn more and to claim your discount. Get started today. That actually reminds me of another question a reader asked on Twitter who happened to be the one on only Ryan Hoover. He asked, "How has your approach changed in your coaching since you started?" Ryan obviously started Product Hunt and then he sold the company to AngelList, so he was part of AngelList when I went there because I was coaching Naval. What we realized coaching Naval is that Naval did not want to be CEO and he just didn't know how to get out. So, I said there's a way and I can show you, and so I did and made Naval's life 10 times better. Frankly, made AngelList 10 times better because Naval wasn't enjoying being CEO, therefore he wasn't good at it. We ended up putting someone in who did a fine job, then put someone else in who's doing an insanely good job. Now, of course, AngelList is massively valuable. Ryan was there at the time, Ryan Hoover, great guy, I love Ryan. So, what has changed since then? I think what's changed is I don't think back then I had any of this fear and anger give bad advice. I think back then it was all very tactical. It was all very high up management type stuff, which is you need to have goals and at the company level, at the department level, at the individual level, you then need to track those goals. You need to track all the agreements that people make, all the actions they say they'll do. You have to put it all in Asana. Everyone has to be able to see each other's Asana board so they can see what each other is doing. I still do that, but now I've added on this piece of oh, you're in the moment and you're feeling fear? Okay, you still got to go forward. That's sort of the big change. I noticed that's at the top of the curriculum. Do you find that's where a lot of the biggest transformations happen, that curriculum component?…

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