Yahoo CEO Jim Lanzone: The Yahoo Turnaround Plan | 20VC #911

Jim Lanzone is the CEO @ Yahoo, a company that today reaches nearly 900 million people around the world and is the third largest property on the Internet. Prior to Yahoo, Tim was the CEO of Tinder, the world’s most popular app for meeting new people, downloaded by more than 400 million people. Before Tinder, Jim spent a decade as President and CEO of CBS Interactive, a top 10 global Internet company with brands ranging from CBS All Access to CNET. He joined CBS Interactive in 2011 when CBS Corporation purchased Clicker Media, where he was founder and CEO. Before founding Clicker, Jim served as CEO of Ask.com (formerly Ask Jeeves). --------------------------------------------- Timestamps: 00:00 Intro 00:39 Jim’s career and becoming CEO of Yahoo 03:08 What part of your history are you rebelling from? 07:00 What does high performance mean to you? 09:46 What is your interview process? 12:55 Biggest hiring mistakes 15:10 How do you keep product velocity with scale? 18:46 How do you determine what to prioritize? 21:20 How do you define growth? 23:43 How do you balance short vs long term thinking? 24:51 Are CEOs the best resource allocators? 25:38 Painful lessons learned 27:19 How to survive a financial crash 31:18 How to lead through a crash 33:53 Advice to founders on board communication 36:12 How to turn around a struggling company 37:52 Yahoo -- Attractiveness vs Awareness 40:41 Would you change the name of Yahoo? 41:52 #1 thing to fix in Yahoo’s organization and product 43:52 How many direct reports do you have? 45:18 How long do you give someone when they aren’t performing? 46:10 What’s your biggest weakness as a leader? 47:40 What gets easier and harder over time as a leader? 49:59 Favorite book and why? 51:03 Hardest element of role with Yahoo 52:35 Three traits you’d most like your children to adopt 53:35 What do you know now that you wish you’d known at the start? 54:33 What are the keys to a successful marriage? 56:06 What do the next 5 years look like for you and Yahoo? --------------------------------------------- In Today’s Episode with Jim Lanzone 1.) Jim’s Entry into the World of Startups: How did Jim go from law school to founding his first tech startup in the dot com boom? How did seeing the crash and the first company going bust, shape Jim’s perspectives on great leadership? What does Jim know now that he wishes he had known when he started way back in 1999? 2.) Leadership 101: How does Jim define “high performance” in business today? What are the 4 things Jim always looks for when hiring new people? Why does Jim believe the standard interview process and questions are broken? How does he do it differently? What are his biggest lessons on how to hire effectively? How does Jim know when to let someone go? How long do you give under-performers? 3.) Crashes and Turnarounds: Jim has seen three crashes as a CEO, what are Jim’s biggest lessons from 3 prior crashes? How does Jim advise founders to be acting today? What should they focus on? How can leaders maintain morale and optimism in the face of tough macro times? How does Jim advise founders to communicate both with their investors and board when it comes to reduced performance in harder times? 4.) The Yahoo Turnaround: What does Jim believe the 1-2 core things Yahoo needs to fix is? Why are they priorities? How does Jim approach turning round the Yahoo brand? How does he plan to make it attractive? What is the biggest misnomer that people have about Yahoo today? How does Jim think about running a portfolio approach with Yahoo moving forward? How has Jim changed the org structure and management of Yahoo most significantly? --------------------------------------------- #Yahoo #CEO #JimLanzone #YahooBusiness #HarryStebbings #20VC #yahoobusiness #yahoosports #ceoadvice #ceocoaching #leadershipadvice #businessdevelopment