Serendipitously my twitter feed shared this business news this morning. I'm naturally curious and it led me to read this interesting piece below on "Why investors don't fund dating".
Though I don't have any particular interest in dating products (today happens to be the 20th anniversary of when my wife & I first met!) it has got me thinking about some commonalities with the business of Executive Coaching. In fact, I think there are some interesting tensions to look at :-
- Assignment churn vs. Client churn
- Shelf-life for the coachee vs. shelf-life in the eyes of the Client
- Client acquisition vs. Relationship investment
- Geographic expansion vs. Industry expansion
- Understanding of coachees vs. Understanding of their leaders
- Sustainability vs. Failure
Each of these merits a blog of their own to be honest as there is lots to pick out in each. In the meantime, if you are interested in the business of Executive Coaching, do take a look at the article and let me know your thoughts.
Here are the reasons usually given for why investors don’t do dating: Built-in churn Dating has a shelf-life Paid acquisition channels are expensive City-by-city expansion sucks Demographic mismatch with investors Hard to exit