Mike Steib - Leading XO Group to a $933M Exit and Becoming CEO of Artsy

On today's episode I sat down with Mike Steib, the CEO of Artsy. Mike is the CEO of Artsy, the world’s leading online marketplace for buying and selling art by the world's leading artists.
Previously, Mike was the CEO of XO Group Inc (NYSE:XOXO), parent company of The Knot. After developing America’s number one wedding planning app and two-sided local vendor marketplace, XO Group was sold in December of 2018 for $933M, a 350% increase in the company’s equity value over Mike’s five-year tenure. Mike serves on the board of Ally Financial (NYSE:ALLY), a Fortune 500 digital financial services company that helps millions of Americans save, invest, and borrow with confidence. He chairs Ally’s Technology Committee and sits on Ally's Risk Committee. Ally is America’s #1 Digital Bank (Money Magazine) and one of Fortune’s 100 Best Companies to Work For. Previously, Mike served in roles at Google, NBC Universal, Vente-Privee USA, Walker Digital, and McKinsey & Company.
Mike is the host of Office Hours with Mike Steib—a production of iHeartMedia, the #1 podcast publisher in the world—where he joins with the founders and chief executives shaping our world to answer listeners’ questions with honest, actionable advice. He is also the author of The Career Manifesto (Penguin Random House, 2018), a guide for young professionals seeking more purpose and joy in their work.

Learn more about Mike Steib: https://www.linkedin.com/in/mikesteib/

Chapters

00:00 Introduction and Background

00:30 Artsy: The World's Largest Marketplace for Fine Art

02:18 CEO's Daily Routine

05:17 Becoming the CEO of XO Group

08:55 Transforming The Knot: Culture and Team Building

14:18 Transitioning from The Knot to Artsy

21:36 Early Career Goals and Writing The Career Manifesto

28:34 Writing a Book and Publishing Recommendations

34:15 The Importance of Health and Fitness for CEOs

39:30 Excitement for Artsy and the Future

40:15 Supporting Artists and Investing in Art

43:03 The Joy of Being a Patron of the Arts

44:41 Career Advice: Creating Your Own Path

48:28 Making an Impact and Putting Others First

49:16 Promoting the New Podcast and Staying Connected

49:41 Advice for Podcasters: Find Your Unique Approach