Think Like an Owner

Launch Series Ep.7: Spirit of Search with Coley Andrews and Mitch Cohen Ep.194

Oct 24, 2023

In this final Launch episode, Coley Andrews and Mitch Cohen discuss the spirit of search and the collaboration and mentorship within the search community. They also delve into what makes a good board member, the evolution of search as a model, and the challenges in the search fund industry. The conversation highlights the impact of mentors, creating a culture of mentorship, and the involvement of boards in hiring decisions.

01:08:33

Episode guests

Mitch Cohen

Coley Andrews

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Building a culture of mentorship requires hiring intellectually curious and relationship-focused individuals who value continuous learning and personal development.

High-performing CEOs optimize board meetings by focusing on generative discussions and provide key questions to address challenges and opportunities.

Good mentors actively listen, ask probing questions, and offer insights beyond day-to-day operations, fostering personal and professional growth in CEOs.

Deep dives

Building an organization around mentorship

One important aspect of building an organization around mentorship is fostering a culture that values continuous learning and personal development. This involves hiring individuals who are intellectually curious, relationship-focused, and energized by making an impact. Creating an organizational structure that supports mentorship requires leaders to be good listeners and empathetic to the challenges faced by searchers and CEOs. It is essential to provide ongoing support and guidance, both during and after board meetings, and to maintain open lines of communication with mentees, checking in on their progress, and addressing any concerns or questions they may have.

Introduction

4min

The Evolution of Search Funds and the Importance of Mentorship

26min

The Role of Mentorship for Investors and Board Members

5min

Setting Clear Expectations for a Successful Board-CEO Relationship

22min

Challenges and Changes in the Search Fund World

5min

The Importance of Diversity and Collaboration in the Entrepreneurship Community

5min

Ep. 194: Alex (@aebridgeman) is joined by Coley Andrews (@coley-andrews) and Mitch Cohen.

This is the final episode in our Launch Series with guests Coley Andrews and Mitch Cohen, partners at Pacific Lake and Trilogy, respectively. Through this series we have talked about industry research, starting your search, working with sellers, legal diligence, first 100 days, and more.

Today’s conversation touches on the spirit of search and the collaboration and mentorship that comes from the search community. Coley and Mitch also describe what makes a good board member, leaning on your board and investors, evolution of search as a model, and so much more. Please enjoy this final Launch episode with Coley and Mitch.

Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn.

Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/

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Links:

Pacific Lake Partners

Trilogy Search Partners

Topics:

(00:00:00) - Intro