Executive coaching for employees is complicated and emotional – TechCrunch


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BetterUp, a reskilling and coaching platform for employees before and after the C Suite, touches on that sentiment. This week, the well-funded unicorn startup announced an acquisition in the areas of emotional artificial intelligence and HR management. move When Slandering.. The terms of the contract have not been disclosed.

BetterUp announced the acquisition after a busy situation, with annual recurring revenue of over $ 100 million, expansion into Europe and one million individual coaching sessions on the platform.

To be honest. It’s not surprising to see growing startups use milestones to grow inorganically through acquisitions. How else do you grow into your rating? The two sets of BetterUp deals still stood out to me as they showed a somewhat unconventional direction in where the coaching industry was heading. stay with me.

BetterUp claims to have pioneered the coaching category by focusing on employees as well as C Suite executives. These acquisitions have changed the look and feel of their coaching. Motivation, for example, helps BetterUp clients understand the emotional context behind data they have already aggregated through engagement and polls. This is a plug-and-play approach that helps employers respond quickly to employee emotions rather than waiting for long coaching games to run.

At the other end of the goal-achieving process, Impraise uses technology to help managers better support their direct reports through real-time performance reviews and more seamless feedback channels. Like Motive, Impraise is a step beyond the traditional boundaries of what coaching looks like.

“The relationships that report directly to us are where people’s lives change,” said Alexi Robichaux, CEO and co-founder of Better Up. “Actually, it doesn’t happen in a coaching session. Changes happen later.”

In a sense, these acquisitions are BetterUp, acknowledging that coaching for all employees must be an end-to-end solution that requires everyone in the company to be involved, from personnel to managers. It cannot be a weekly calendar invitation. With this type of investment, employers may even hesitate to even serve their staff in the first place, but the pressure to maintain can force them to give it a try anyway. Standards continue to be raised for other coaching and skill-up platforms.

“Coaching can be a point solution, but it’s not enough. We invented the point solution and we know it’s better than anyone else,” says Robichaux. “If you don’t have a data platform, you don’t have results. If you don’t have an AI to personalize this, you can teach 50 managers in your company, but not all employees.

The rest of this newsletter describes Atlanta’s big bootstrap moments, Casper’s nightmares, and Apple’s Day.As always, you can find me on twitter @nmasc_ Listen to my podcast, Equity.

Atlanta’s big bootstrap moment

With Austin and Miami aside, Atlanta is in town. This week, all eyes were on the city. Intuit Acquires Local Company Mailchimp For an astonishing $ 12 billion. The Atlanta-based email marketing company has never been externally funded. In short, this deal was one of the biggest deals ever for a bootstrapped company.And while some people saw Mailchimp’s large exit Others felt different as a win for Atlanta startups and the venture ecosystem.

Here’s what you need to know: Part of Mailchimp’s strategy as a non-traditional technology company included not giving Mailchimp employees fairness, prioritizing profit sharing and higher salaries. That sounds good until your startup ends at $ 12 billion and you realize that the business you helped build has no capital. It’s a knock on the bootstrap, As we talked about in equity.Employee talks to Business Insider About their first reactionAnswer whether the deal actually empowers the local ecosystem.

Outside the inbox:

Casper’s nightmare

Image credit: Bryce Durbin / TechCrunch

My scoop this week revealed that Casper, a direct-to-consumer mattress company, had Another round of layoff This affected 20 employees and their CMOs, CTOs and COOs. Casper cuts 21% of employees, Closed European business.

The brief explanation here is that Casper is struggling to manage and direct, and is lagging behind. Since last year’s public debut.. But I would like to argue that there is more nuance here.

Here’s what you need to know: Casper’s layoff is also a response to Apple’s iOS 14.5 update and could crack down on the app, he said. Track user data without permission. This setting limits the advertising data that businesses can access, justifies their budget, and makes it difficult to understand the effectiveness of their sales strategies.

For DTC companies, the uncertainty of face-to-face retail activity and the difficulty of advertising attribution are difficult hurdles to overcome.

Don’t sleep with this:

Apple (a) day

apple fall event 2021Apple has returned to the stage at yet another virtual event, announcing updates, upgrades and new announcements.Of course, the TechCrunch team I couldn’t resist the chance to live a blog..Read the full text here..

Here’s what you need to know: It was all about the new iPhone 13. Brian Heater explained the background of the release The actual new features of smartphones.

Last year’s iPhone 12 was a big hit, countering the stagnation of smartphone sales. This was due to a sales bottleneck due to unplanned delays, but also to the end result of 5G connectivity on Apple’s mobile lines.

The lucky number iPhone 13 (not skipped due to superstition) features a familiar design. The front notch has finally been reduced, 20% smaller than the previous model, but the rear camera system has also been redesigned. The screen is 28% brighter and you can see a 1200 nit Super Retina XDR display on both iPhone 13 and 13 mini.

Stage on and off:

Around TC

The preparation session is complete. The battlefield company is being strengthened. And the photo booth is coming.

1 TC Disrupt 21 WebOverviewCard 2000x1155 1

TechCrunch Disrupt opens next week!! The flagship event, featuring speakers such as Melanie Perkins and Reid Hoffman, will effectively run from September 21st to 23rd. The event team has really spent months making this a virtual event that feels attractive, voluntary, and faithful to our personality as a publication. And after getting a sneak peak last week, it can promise to be different from the other online meetings I attended during the pandemic.

Anyway, this all means that you can go on stage with your colleagues, interview the best names in technology, and meet as many entrepreneurs as you can. Are you sure that you want to participate? Buy a ticket using a discount code “MASCARENHAS20.. ”

Throughout the week

Seen on TechCrunch

Facebook knows that Instagram can hurt teens.Now that plan to open the app to kids looks worse than ever

Return utilizing educational technology of Inside Reach Capital

Canva PDF Issues and Their $ 40 Billion Valuation

Seen at extra crunch

Three strategies to make it easier for recruitment managers to adopt new HR technologies

What can stop the startup boom?

The value of software revenue may have finally stopped rising

Edtech is committed to the creator economy in cohort-based classes

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