Anti-Hype Business Growth
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Carolyn Childers, co-founder of Chief, shares her perspective on building a successful community-based business while intentionally staying under the radar. She believes that focusing on building a great business and showcasing members rather than founders leads to stronger, more sustainable growth.
Key Points:
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Business Model Philosophy:
- Community should lead, not curriculum or professional development
- Vetted membership (not exclusive) ensures peer-level value
- Companies typically sponsor membership ($5-8K/year per member)
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Brand Building Strategy:
- Intentionally minimal social media presence
- No "inspirational quotes" or typical women's network approach
- Focus on creating an aspirational, high-quality brand
- Physical spaces helped establish brand credibility early on
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Growth Approach:
- Primarily word-of-mouth driven
- Minimal marketing spend
- Under-the-radar by design
- Focus on member showcase over founder publicity
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Community Engagement:
- Started on Slack for easy adoption
- Moved to proprietary platform in 2020
- Regular touchpoints (monthly meetings) drive platform engagement
- Utility-driven features keep members active
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Mission-Driven Business:
- Aims to drive more women into leadership positions
- Focuses on senior executive women (VP level and above)
- Values mission alignment over hype
- Raised VC funding to accelerate mission, not just growth
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Results of Strategy:
- Close to 15,000 members
- 60,000 person waitlist
- $1.1B valuation
- Achieved substantial growth without heavy publicity
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Perspective on Publicity:
- "Being under-hyped" is intentional and beneficial
- Focuses on "building a great business" over generating hype
- Members are "more impressive than the founders"
- Success should speak for itself
17:18 - 20:30
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.