130: Mike Seckler Was Bill Gurley’s First Investment. Now He’s CEO of Justworks [ENCORE]
Learning how to run a startup board is one of the most overlooked jobs a founder has, and most CEOs never treat it like one. If your board meetings feel like flipping through a deck sent the night before, or investors keep filling the silence with their own agenda, the problem may be that no one is leading the room. Your board wants to be led. When you set the norms early, choose aligned investors, and invite independent directors for real expertise, governance becomes a source of energy instead of dread.Alisa Cohn, named the Top Startup Coach in the World at the Thinkers50/Marshall Goldsmith Global Coaches Awards and host of From Start-Up to Grown-Up, sits down with Mike Seckler, CEO of Justworks, the payroll, benefits, and HR platform for small businesses. Mike shares the one-pager he gives every potential board member, the dinner-table advice from his 12-year-old daughter that pulled him from the Justworks board into the business, and Ann Winblad’s lesson on intellectual stamina. You’ll also hear the Wall Street Journal test he uses for hard decisions, the imagined retro exercise that built trust before the Via acquisition, and why Justworks pulled back from its IPO in 2022.You’ll learn:How to run a startup board well above the median: send materials a week early, expect everyone to read them, start on time, and put phones in a basket so meetings stay substantive.Why your board actually wants to be led, and how a leadership vacuum invites investors to fill the space in ways that feel bad for everyone in the room.What to tell a potential independent director up front, using Mike Seckler’s one-pager on the board’s mission, values, what success looks like, self-assessments, and the standards management commits to.Why early choices about co-founders, first investors, and how much capital you raise build a “self-inflicted wound quotient” that can narrow your options for years.How the Wall Street Journal front-page test helps leaders make hard decisions, like a reduction in force, in a way that builds the brand instead of eroding it.How a lifeline exercise and an imagined retro, picturing the deal failing 18 months out, helped Justworks and the Via founders build trust before the acquisition.Why being the calmest person in the room is a leadership superpower, and how stepping away for two weeks helped Mike’s team grow faster than when he was everywhere.We talk about:00:00 Why risk in your 20s has almost no downside06:10 Surviving the dot-com bust when 80 to 90% failed10:01 Ann Winblad’s lesson on intellectual stamina16:32 How his 12-year-old daughter helped him choose Justworks20:42 How to run a startup board people want to join25:54 What should you tell a new board member up front?30:41 Why values like grit can be weaponized35:45 The Wall Street Journal test for hard decisions45:45 The imagined retro exercise behind the Via acquisition56:09 Why did Justworks pull its IPO before going public?1:02:31 Why taking two weeks off made his team grow1:16:03 The self-inflicted wound quotient every founder carriesFollow Mike onJustworks: https://www.justworks.comLinkedIn: https://www.linkedin.com/in/mikeseckler/Connect with Alisa!Follow Alisa Cohn on Instagram: @alisacohnTwitter: @alisacohnFacebook: facebook.com/alisa.cohnLinkedIn: https://www.linkedin.com/in/alisacohn/Website: http://www.alisacohn.comDownload her 5 scripts for delicate conversations (and 1 to make your life better) Grab a copy of From Start-Up to Grown-Up by Alisa Cohn from Amazon