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The Pomp Podcast
#1253 Howard Lerman | Serial Entrepreneur Shares Cheat Codes For Startups
Oct 4, 2023
50:00
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Howard Lerman, serial entrepreneur and CEO of Roam, shares tips for startups including 5-minute meetings, board construction, calendar zero, and more. The discussion also covers estate planning with Trust and Will, and the benefits of Sunday night executive calls.
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Quick takeaways
- Setting up a strong board of directors can attract investors, build credibility, and create a strong company culture.
- Implementing five-minute meetings increases efficiency, encourages concise communication, and facilitates faster decision-making.
Deep dives
Howard Lerman on the Tips, Tricks, and Hacks of a Second Time Founder
In this podcast episode, Howard Lerman, the co-founder and CEO of Rome, shares his insights on being a second time founder. He discusses the importance of setting up a strong board of directors from the beginning, including the role of the chairman. Lerman also emphasizes the value of five-minute meetings, inspired by Teddy Roosevelt, and how they foster efficient communication and decision-making. He challenges the conventional wisdom of having only one founder and advocates for making more team members founders, providing them with equity incentives. Additionally, Lerman shares the advantages of keeping the company valuation low and explains why a Sunday night executive call can save time and improve team alignment. Lastly, he introduces Rome, a virtual office platform that replicates the benefits of in-person communication and facilitates fast and synchronous work.
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