A VC backed fintech was struggling to manage company dynamics, particularly due to a growing divide between its co-founders.
With one co-founder looking to exit the business and the other looking to stay, the remaining founder needed advice on how practical this decision would be and whether they had the skills and support to prevent fragmentation and loss of momentum.
As an important part of the company’s management was disappearing, the business also needed restructuring to ensure continued stability and efficiency and to support the remaining leadership through the ensuing business challenges.
By working closely with the management team, Invigorate helped the business prioritise its strategic objectives. Invigorate assisted them in establishing crystal clear guidelines for measuring success, concrete plans for how to achieve this, and an acceleration plan to manage rapid business growth. As an outside party, Invigorate was able to ensure the company didn’t lose focus on these key facets and provided crucial perspective.
The team worked very closely with the business to establish how best to utilise advisors, understand what kind of advisor would be the most appropriate to the particular challenges and strengths of the business, and ultimately promote the benefits they could bring. Collaborating with investors and the board, Invigorate provided a set of suitable advisors prepared to work very closely with the remaining co-founder. This ensured that they would be supported from an execution perspective.
Invigorate also facilitated several critical strategy sessions with the advisors to challenge and support the co-founder as they navigated through fast growth and a precarious stage in the withdrawal of the co-founder relationship.
Consequently, the founder was able to pull together an advisory board from across Invigorate’s suggestions and their own network. This included expert advice from advisors who had worked in the same industry and so were able to really understand the dynamics of the business. These advisors were able to work very closely with management and the remaining founder, to ensure they had the skills and support to facilitate a successful transition of power.
Through the interventions of Invigorate and the new advisory board, the business was able to complete and implement continuity planning, allowing the successful exit of one co-founder and the support and establishment of the remaining founder.
This really increased the confidence and expertise of the management team, and positioned the company effectively for further growth – turning an uncertain moment in the company’s story into a real opportunity to drive efficiency and growth.