Most Important Skills for a Co-Founder at Auxo Partners
Connor, Co-Founder & Managing Partner at Auxo Partners, highlights that while technical skills like "financial modeling" and "storytelling" are crucial, the most important skill for a founder is empathy, enabling stronger relationships with clients and team members to optimize effectiveness and messaging. This prioritization of empathy underscores the importance of understanding and serving others' needs in building a successful business.
Financial Modeling, Storytelling, Empathy, Relationship Building, Strategic Communication
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Connor Frischmeyer
Co-Founder & Managing Partner
Auxo Partners
University of Iowa 2016
N/A
Finance
Finance (Banking, Fintech, Investing)
Entrepreneurship and Business Owner
None Applicable
Video Highlights
1. Financial modeling and storytelling are crucial skills for capital raising and investment banking.
2. Empathy is key to building strong relationships with clients and team members, which are essential for business success.
3. Understanding and serving client needs through effective communication is vital for optimizing team performance and achieving business goals.
Transcript
What skills are most important for a job like yours?
You need to be good at financial modeling and storytelling, especially as it relates to a capital raise. You also need to be proficient in other aspects of the CFO role or things associated with capital raises and investment banking.
However, I believe that once you become a founder, empathy becomes the most important skill. This means having empathy for your clients, for the people you're trying to sell to, and for your team.
Empathy helps you understand them and build stronger relationships, which is the most crucial part of running any business. It also helps you optimize to ensure your employees are effective and your messaging to clients and potential clients is appropriate and meets their needs.