Cherry Ventures Launches Copilot, A Coaching Program for Founders
4 March,2024
- Cherry Ventures has launched a new initiative called Copilot , integrating coaching into its investment model for newly-backed founders and core employees.
- This program requires all new term sheet recipients to work with an executive coach from Cherry’s curated network, aiming to provide leadership support from the start.
- Cherry Ventures covers the cost, and founders must attend coaching sessions for at least 12 months to build a strong leadership foundation.
- Cherry Ventures, the first investor behind brands like FlixBus, Auto1, and Spotify, emphasizes the importance of training and guidance for founders, similar to other skilled professions.
- Since 2015, Cherry Ventures has leveraged its own founding experiences to offer value beyond capital.
- Founding partner Filip Dames highlights that this coaching budget strengthens the bond between Cherry Ventures and its portfolio companies.
- Ariane de Bonvoisin, an elite coach in the Cherry network, explains that coaching raises self-awareness, mastery, and responsibility, which are essential for leadership.
Source: Tech EU
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