Retaining Talent in an Uncertain Market with Cameron Yarbrough CEO of Torch
Retaining talent is a superpower for successful companies and creating environments that support employees is often the foundation of retention. Our guest today is Cameron Yarbrough, Co-Founder and CEO of Torch, a platform that helps companies build professional growth through the power of trusted relationships. We are big believers in coaching and mentorship and Torch has really caught our eye with how they are able to measure ROI on these traditionally difficult-to-measure relationships. We also talk to Cameron about Torch’s recent $40 million Series C financing round right before the market downturn.
About Cameron Yarbrough:
Cameron is Co-Founder and CEO at Torch Leadership Labs, a leadership development company built on principles of psychology and management best practices. Prior to Torch, Cameron worked at the Stanford Graduate Business School as a facilitator to MBA students in Interpersonal Dynamics. He has a Masters in Counselling Psychology and a clinical background. He also was a CEO and founder of an e-commerce in the first dot-com wave in 1997.
A word from our sponsor:
At Ripple, we manage all of our fund expenses and employee credit cards using Jeeves.
The team at Jeeves helped get me and my team setup with physical and virtual credit cards in days. I was able to allow my teammates to expense items in multiple currencies allowing them to pay for anything, anywhere at anytime. We weren’t asked for any personal guarantees or to pay any setup or monthly SaaS fees.
Not only does Jeeves save us time, but they also give us up to 3% cash back on our purchases including expenses like Google, Facebook or AWS every month. The best part is Jeeves puts up the cash, and you settle up once every 30 days in any currency you want, unlike some other corporate card companies that make you pre-pay every month. Jeeves also recently launched its Jeeves Growth and Working Capital initiative for startups and fast-growing companies to enable more financial freedom for companies. The best thing of all is that Jeeves is live in 24 countries including Canada, US and many other countries around the world.
Jeeves truly offers the best all-in-one expense management corporate card program for all startups especially the ones at Ripple and we at Tank Talks could not be more excited to officially partner with them. Listeners of Tank Talks can get set up with a demo of Jeeves today and take advantage of our Tank Talks special with a $250 statement credit after the first $2,500 in spend or a $500 statement credit after the first $5000 in spend. Lastly, all Jeeves cardholders receive access to their Lounge Pass program and access to over 1300 airports globally.
Visit tryjeeves.com/tanktalks to learn more.
In this episode we discuss:
02:47 How Cameron’s career led him to Stanford Graduate Business School and ultimately Torch
05:28 Cameron’s journey of self-discovery after selling his first business
09:18 The final push that led Cameron to start Torch
13:09 Why companies should still invest in supporting employee's professional growth
15:55 How Founders can leverage their missions to find and retain great employees
17:11 How companies can better embody their missions
19:26 The most important leadership skills for founders to master
25:06 How Torch shows ROI on coaching and mentorship to leaders
27:01 How Torch devised their unique method of coaching and mentoring
29:11 Cameron’s advice to first-time founders
31:40 How founders should think about stress and how Cameron manages his own stressful times
34:33 Dealing with impostor syndrome
36:18 The importance of humility and authenticity in founders
37:36 Coaching high-calibre entrepreneurs
40:01 Cameron’s experience with M&A and the lessons he learned
42:14 Plans for their recent $40M Series C led by 137 Ventures, in addition to follow on capital from Initialized Capital, Norwest Venture Partners, and Obvious Ventures