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The New Laws of Leadership

Christine Comaford-Lynch

CEO, Mighty Ventures



Copyright Mighty Ventures, LLC 2006 2

What is Leadership?

“Finance Department.”




“I was going to thank you, Philip. But, then, yours is athankless job.”

What is Leadership?




What is Leadership?

“The weird thing is we can’t find anyone qualified toreplace him.”




What is Leadership?

Influence

Energy = Equity

Equity = AccessAccess = Influence

Influence = Leadership




The “Official” Bio

• 5x entrepreneur, average 700% ROI

• Invested in over 200 companies as a VCand angel investor, including Google

• Consulted to over 700 of Fortune 1000

• Advisor to White House: Clinton & Bush• Business accelerator, columnist, author




• High school drop-out, teenage runaway

• Tried numerous “careers”: lingerie model,Buddhist monk, software engineer, geishatrainee, hospice worker

• Became entrepreneur at age 27

• Retired at 40

The “Backstory” Bio




Mighty Ventures

We help corporations turn theirteams into entrepreneurs

We help entrepreneurs turn their

ideas intohigh-value businesses




Leadership Components

BRAND:

Maven, Connector, Patton,

Hopper-in-front-of-parade or hybrid

METHOD:

“Bursty” or Always On

• Focus on how you can help others

• Become known as the “go to” person




7 Laws of Leadership

1. Build A Rockin’ Team

2. Course-Correct Constantly

3. Foster Collaboration

4. Have a “Pair” Made of Brass

5. Work With People—For Better or Worse

6. Say It and DO IT

7. Self-Sacrifice Not Necessary

Leaders Elevate Others!!




Build A Rockin’ Team

Tip #1: Hire the Fab Four

Visionaries: “see” the future

Leaders: lead the troops

Implementers: make things happen

Infrastructure Builders/Supporters:

build & maintain the foundation




Build A Rockin’ Team (cont’d)

Tip #2: Choose Wisely

Hire for: Smarts (Smarter than YOU)

Pedigree (GSD over MBA)

Emotional Equity

Playing well (enough) with others

Tip #3: Rock The Culture

• Post values that everyone agrees to uphold• Accountability, Innovation, Speed, Failing

Forward




Build A Rockin’ Team (cont’d)

Tip #4: Build an Extended Team:

Investors, Board members

Advisory board

Customer council

Strategic Partners

See my column on




Course-Correct Constantly

““You say itYou say it’’s a wins a win--win, but what if youwin, but what if you’’rere

wrongwrong--wrong and it all goes badwrong and it all goes bad--bad?bad?




Course-Correct Constantly

• Guide your staff, your company, yourself

back on track• A culture of course-correction:

• Embraces risk

• Fosters accountability and ownership

• Fails forward

• Holds rejection parties

• Fosters entrepreneurship

• Story: Intellectual property fiasco




Leadership Check

Energy

Equity

Access

Influence




Foster Collaboration

“And at this point in the meeting I’d like to shift blameaway from me and onto someone else.”




Foster Collaboration

• With departments, vendors,customers

• Equalizes everyone’s value

• Makes the leader approachable andok to challenge

• Story: Worldwide marketing

repository




Have a “Pair”

• There’s never enough info for a decision

• Hire smarter• Love competition

• Carry a big umbrella

• Deal with difficult situations & people

• Equalize, Exchange, Embrace

• Story: August 15, 2005




Leadership Check

Energy

Equity

Access

Influence




Work with People

• We bring all of ourselves to work: you willdeal with personal issues

• You will build tremendous loyalty as aresult—and touch lives too

• Do you manage up, down, across?

• No people = no business, no bonuses, nochallenge

• Story: Jane




How Connected Are You?

Myself

Greater Truth /Spirituality

Organizations& Institutions

Ideas andInformation

Pets/Animals

Nature

History

Beauty

Work

Friends &Community

Immediate

Family

Birth Family

ME






Self-Sacrifice Not

Necessary

• It doesn’t prove commitment

• It leads to burn-out

• It leads to reduced respect from the team

• You deserve high pay, time off • Your employer deserves a refreshed,motivated executive

A CommonMisconception!




Leadership Check

Energy

Equity

Access

Influence




Take-Aways

1. Leaders Are Always Elevating

Others2. Know/Reinforce Your Leadership

Brand & Method

3. Remember the Leadership EquationEnergy = Equity

Equity = Access

Access = Influence

Influence = Leadership




In Closing…

Do It Anyway By Mother Teresa

People are often unreasonable, illogical,

and self-centered;

Forgive them anyway.

If you are kind, People may accuse you

of selfish, ulterior motives;

Be kind anyway.




If you are successful, you will win some

false friends and some true enemies;

Succeed anyway.

If you are honest and frank,

people may cheat you;

Be honest and frank anyway.




What you spend years building, someone

could destroy overnight;

Build anyway.

If you find serenity and happiness,

they may be jealous;

Be happy anyway.




The good you do today,

people will often forget tomorrow;

Do good anyway.

Give the world the best you have,

and it may never be enough;

Give the world the best you've gotanyway.




You see, in the final analysis,

it is between you and God;

It was never between you and them

anyway.




Thank You…

See “Resources” sectionon MightyVentures.com

Rules for Renegades bookreleased 9/01/07!

Christine

@

MightyVentures.com

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