From PM to CEO with Rich Sanchez - Co-Founder of Pierson Equity and CEO of Product Fit
Apr 29, 2021•32 min•Ep 21•Transcript available on Metacast Episode description
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Here's what we discussed:
- Rich's journey from Product Management at places like Disney, Johnson&Johnson, and startups to running his own Private Equity firm
- The value of communication skills and how leadership requires the ability to learn different languages. Not Spanish or French, but Finance, Marketing, etc.
- How Product demoing skills helps sell ideas to investors or Boards of Directors
- Why it's important to embrace failure and learning when taking educated risks
- Whether you're a PM or making investment decisions for VCs or Private Equity, you're still making bets with other people's money
- The methodology of testing, experimentation, and MVPs applies to any scenario where you're contemplating bigger investments
- Rich's approach to starting new jobs, especially in new industries and how to take your learnings and document them for continuity
- How leading through influence is an incredibly important skill in Acquisitions as well
- Why PMs are the future of Acquisition's specialists for Private Equity and why you should consider it
- The path to becoming a CEO can come more quickly through Acquisitions in a Private Equity firm
- My take on why Government officials should be required to have training as a PM
- Rich's definition of leadership and how leading by example, through competence and experience, makes a leader effective
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