E6: 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.
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.
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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