For over 15 years we have had the privilege of partnering with visionary entrepreneurs and teams as they build transformational companies. While much has changed since we opened our doors in 2007, our commitment to fund the extraordinary has not wavered. We are more energized than ever to seek out the next generation of great American companies that will disrupt their industries and forever change how we learn, work and live—for the better.
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Mercato Partners reposted this
VP of Networks at Mercato Partners | Growth Equity | Platform | Business Development
Excited to head to LA Tech Week with the Mercato Partners team next week! This year's focus on the future of tech—including AI, healthtech, and growth strategies—makes it a great opportunity to connect with founders, investors, and others driving innovation. Who’s going? Let’s connect! #LATechWeek
🛫 And we're off! Our itinerary for this week includes: 🍁 Cincinnati 🍑 Atlanta 🫏 Columbia The team is already off to Cincinnati and Atlanta today for CincyTech's Startup Cincy Week 2024 and founder visits, respectively. Tomorrow we take off and reroute to Columbia, MO to join Redbud VC in hosting the first ever Venture & Startup track at the second annual Main Street Summit!
In addition to a few members of the team heading to Atlanta and Cincy this week (check out our weekly MOTM post for details), we’re particularly looking forward to spending a few days in Columbia, Missouri at the Main Street Summit starting tomorrow! While the Summit is in its second year, we are excited to have the opportunity to partner with Redbud VC to host the inaugural Venture and Startup Track at MSS. Brett Calhoun and Maria Heyen at Redbud have been instrumental in nailing down every last detail of the VC/S events—from putting together a rockstar lineup to securing some extra fun swag. You won't want to miss it and, luckily, it isn't too late to grab your tickets! https://lnkd.in/eaw6kBp2
We are ✨ officially ✨ one week out from the Main Street Summit! We've got quite the lineup of amazing speakers who are all amazing owners, operators, investors, and entrepreneurs that you can check out below ⤵️ And if you haven't already... grab your ticket to the Venture and Startup Track here https://lnkd.in/eaw6kBp2 Mercato | Kirkland & Ellis | Full Scale | University of Missouri Health Care | The Arcade District | Flyover Capital
⚾ From an evening spent at the ballpark... 🏀 to our fireside with Wendy Borlabi Psy. D., the Chicago Bull's Director of Performance and Mental Health... 🏋 to our annual gifted book, Relentless, by legendary trainer Tim Grover... 🏓 to our swag.... Sports and performance psychology were a consistent theme at our Annual Meeting this year. The mental dexterity of the athletic greats has rich parallels to the grit and resilience required of the business world's best. From mindset to mindfulness, being ruthlessly committed to elevating one's performance is a journey (and a daily decision) rather than a destination.
Congratulations Tolithia Kornweibel, and thank you Alex X Frommeyer for building an exceptional company! As Joe Kaiser said, “Alex Frommeyer accomplished the impossible to build Beam Benefits from an idea to a company that today serves tens of thousands of small businesses all over the country." 👏👏👏
Today, we announce that Alex X Frommeyer has tapped Tolithia Kornweibel to be his successor and to serve as Chief Executive Officer at Beam Benefits. Please join us in celebrating Tolithia in her new role! Tolithia’s vast experience has positioned her to take our innovative, fast-growing company through its next chapter. Read more https://bit.ly/3ZN0Oh8
From the small details to the shared moments, this year's Annual Meeting in Chicago stood out. The Second City has always been kind to us, but during this trip the city welcomed us in even more and provided the perfect backdrop for us to connect with our Limited Partners and introduce them to a few of the reasons why we're all-in on Chicago: 🧠 Education is the bedrock for any successful entrepreneurial ecosystem and Chicago sports two top 15 universities, with Illinois producing the second most computer science graduates in the country. 🏋♂️ Home to 15 Fortune 500 companies (with the broader state of Illinois home to 37), Chicago is an elite training ground for future founders. 👩🔬 Chicago is the leading city for both female- and POC- founded companies. 34% of Chicago’s start-ups are run by women—the highest concentration of any metro in the world. Further, with over 1200 minority-owned businesses, Chicago is the #1 city for early stage funding for black and latin founders.
After a fantastic week in Chicago spent with our investors, portfolio executives, and ecosystem partners at our 2024 Annual Meeting, we are back at it! Find us headed east today as we hit the road to spend time with the team at Attain, attend Michigan Tech Week, and visit with our Limited Partners in the horse capital of the world, Lexington. 👀 p.s. – Be on the lookout Tuesday through Friday. We'll be sharing behind-the-scene moments from our Annual Meeting in The Windy City every (other) day this week!
Mercato Partners reposted this
At our annual meeting today, Dr. Wendy Borlabi Psy. D. shared lessons with us that she’s taught the Chicago Bulls, Olympians, and even the Navy SEALs: growth mindset; winning and learning; and managing adversity. Mercato is so fortunate to learn from you today, Dr. Borlabi!
Navigating investor and board relationships can be a daunting, difficult task for first-time and seasoned CEOs alike. By approaching the relationship with trust and transparency, roles and expectations can be clearly set, conflict and ambiguity can be avoided, and you can begin to identify how to best lean on a board for support. 📞 Frequently check in with and update the board on ongoing changes. Contact should extend beyond quarterly board meetings and calling with problems. Make sure the board is informed of changes to the strategic course of the business. Make the calls and keep board directors abreast of developments. Otherwise, they’ll be unpleasantly surprised to hear about changes for the first time in board meetings. 📝 Discuss expectations (especially for a first-time CEO). There’s often an unstated assumption the CEO should know what to do. As a result, a CEO doesn't want to ask for expectations because it reveals vulnerability. Rather, the CEO needs to get clarity from investors to stave off this sink or swim mentality. 🛡 Don’t try to keep up appearances for investors. Transparency doesn’t come naturally when you get the big job. CEOs often feel like they need to have a pristine image and make everything seem perfect. Bring the board along on the journey—including, and especially with, any problems. Investors should not be there to inspect and judge, but collaborate.