Guest: Rachel Pike, COO at Modern Treasury
Payment operations startup Modern Treasury is not afraid to do things in “our own weird way,” says COO Rachel Pike. Its values statement is a 150 word essay, it has gone viral by writing about nerdy ACH payments minutiae, and it has an unusual rule for quarterly internal reviews: No slides. Instead, departments have to write one to two page essay, which are packaged together and then shared company-wide, and with the board. In previous jobs, Rachel laments, she and her coworkers would waste time “pushing pixels” around 50-slide decks. “It [the essay] actually takes more thinking and less hours to put together a summary of, ‘where have we been?’” she says.
In this episode, Rachel and Joubin discuss the state of San Francisco, the value of tradition, hunger to learn, the Draper Fisher Jurvetson split, the opportunity cost of staying put, HIPAA and startups, two-entrepreneur households, career transition coaching, “try before you buy” hiring, learning to be remote, the downside of grasping, and fixing inequalities in compensation.
In this episode, we cover:
Links:
#175 CEO Snowflake, Frank Slootman: Amped
#174 CEO and Co-Founder Ginkgo Bioworks, Jason Kelly: Life Finds a Way
#173 Author of “The Qualified Sales Leader,” John McMahon: The Five-Time CRO
#172 Professor at UPenn & Author, Angela Duckworth: Grit
#171 Founder and Former CEO Drift, David Cancel: Never Trapped
#170 Chairman of Kleiner Perkins, John Doerr: Getting Into Trouble with Disruptors (Encore)
#169 CEO and Founder Cato Networks, Shlomo Kramer: The Burden of Persona
#168 CEO and Founder Glean, Arvind Jain w/ Mamoon Hamid: New Playbook
#167 CEO StockX, Scott Cutler: Detroit’s First Unicorn
#166 Executive Chairman and Former CEO Attentive, Brian Long: Problem Hunting
#165 Former CEO and Co-Founder of Zillow, Spencer Rascoff: Real Estate Voyeurism
#164 CEO and Co-Founder Duolingo, Luis von Ahn: "The Pitch Was Never Pittsburgh"
#163 CEO Bill, René Lacerte: Hourglass Leadership
#162 CEO and Co-Founder Rippling, Parker Conrad w/ Mamoon Hamid: Compounding
#161 Founder and EVP of Oracle NetSuite, Evan Goldberg: Endless Possibilities
#160 CEO Grammarly, Rahul Roy-Chowdhury: Better, Not More
#159 CEO 1Password, Jeff Shiner: Chief Eliminator of Obstacles
#158 CRO Anduril Industries, Matt Steckman: On Defense
#157 CEO Udemy, Greg Brown: The Plunge
#156 CRO Snowflake, Chris Degnan: Part 2
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