Vetted Beats Exclusive
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Chief is a community-based business focused on senior executive women, with a unique approach to building an elite network while avoiding traditional exclusivity. Here's their framework for building a high-value community.
Core Business Model
- Membership costs $5-8k annually
- Companies typically sponsor the membership
- Core groups of 10 members meet monthly with executive coach
- Currently ~15,000 members with 60,000 person waitlist
- Revenue estimated $60-100M in recurring revenue within 3 years
Vetted vs Exclusive Approach
- Position as "vetted" not "exclusive" community
- Focus on VP-level and above executives
- Members naturally fall into mentor positions
- Careful curation of peer groups for maximum benefit
- Strict vetting ensures peer-level quality
Brand Building Strategy
- Minimal social media presence (LinkedIn only)
- No traditional marketing/hype
- Focus on showcasing members over founders
- Physical spaces initially used to establish brand presence
- Word-of-mouth as primary growth driver
Community Engagement Tactics
- Started with Slack for initial community building
- Moved to proprietary platform in 2020
- Built-in utility drives regular engagement
- Monthly core group meetings
- Resource sharing
- Hiring networks
- Professional services referrals
- Focus on practical value over social scrolling
Value Proposition
- Addresses "lonely at the top" problem for senior women
- Companies see it as cost-effective vs traditional executive coaching ($30k/6mo)
- Creates strong retention incentive for companies
- Refusing to sponsor sends negative signal to valuable employees
- Sponsorship shows investment in top talent
40:59 - 42:42
Full video: 52:22CC
Carolyn Childers
Co-founder and CEO of Chief, a private network for women leaders. Leverages background in business and leadership to empower professional women through community building. Featured on business podcasts, including My First Million, to share insights on entrepreneurship and women's leadership.