Why Startups Fail at Culture | BUILD with Blake Bartlett | Venture Capital Podcast
Patrick Campbell sold his startup ProfitWell for $200 million. He says most startups have a broken company culture. Why? Leaders try to be too nice and accommodating to everyone.
Patrick says he learned this lesson the hard way by making the same mistake. He then worked hard to fix ProfitWell’s team culture and it worked. Hear Patrick’s journey as a startup founder and how you can do the same as an entrepreneur.
Blake and Patrick talk through:
(0:41) Patrick's view on company culture at a startup
(06:03) How Patrick describes the culture of ProfitWell
(10:32) Failure: Culture of accommodation
(18:18) Advice: Be disagreeable
(22:17) Company values and trade-offs
(25:16) Interviewing and hiring for culture fit
(27:03) How to change company culture at your startup
(31:34) Best practices and tactics for building company culture
(38:51) Work-life balance for startup founders and CEOs
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