SAN JOSE, Calif., June 21, 2016 /PRNewswire/ -- CEO Quest, a Silicon Valley leader in the coaching of tech company CEOs to accelerate growth, today announced that it is expanding its advisory practice by hiring industry veteran Bill Portelli as managing director. Portelli was most recently Chairman and CEO of CollabNet, the recognized market leader for large-scale distributed software development in the cloud, which he co-founded and led to a private exit. Previously, he led the $500 million product and services divisions of Cadence, and also helped lead Cooper and Chyan to an IPO and $450 million public company acquisition. Now, Portelli will work directly with CEOs to develop and implement growth strategies based on CEO Quest's proven "Share/Coach/Do" method that guides executive leadership and company acceleration.
"We are thrilled to add Bill's outstanding entrepreneurial and leadership background to help coach and develop the top tier CEOs we work with," said Tom Mohr, founder and CEO of CEO Quest. "At CEO Quest, we work with high-performing CEOs of high-promise companies. Our member CEOs leverage our 'Share/Coach/Do' growth framework to gain increased self-awareness and pattern recognition resulting in consistently better decisions. For the CEOs of the companies we typically work with – VC-backed tech companies between $3 million and $100 million revenue – Bill is ideal."
"I am delighted to join CEO Quest," said Portelli. "There is no greater force multiplier to drive company growth than a CEO's effectiveness. Through one-on-one intelligent engagement and peer group sharing, we help tech CEOs tighten their grip on the next right action in the scaling of their companies – from team-building and strategy development to execution."
Independent research indicates that of all venture capital portfolio investments, 30 percent have a complete or substantial loss of invested capital, 70 percent fall short of projected ROI, and 90 percent fail to meet projections. Contributing reasons include failure of the CEO to see the company's challenges and opportunities holistically, insufficient reliance on data, a poorly designed revenue engine, and team skill, interpersonal and alignment issues. To improve company performance and accelerate growth, CEOs seek external coaching and mentoring to help them detect, define and crack the right riddles in the right order.
CEO Quest developed the "Share/Coach/Do" approach to help CEOs systematically interact and gain insight with trusted CEO peer groups and networks of industry partners, while providing individualized coaching that defines a CEOs top priorities. It leverages CEO Quest's team of experienced managing directors that all have large-company experience developing decision frameworks and best practices to optimize decision-making at every stage of company growth.
"CEO Quest doesn't just give you a leadership coach. Nor is it just a CEO peer-to-peer sharing group," said Don Loonam, CEO of AcademixDirect. "Yes, there's a coach – CEO Quest coaches have been founding CEOs and senior execs themselves, so they get it. And yes, there are CEO small group meetings. But CEO Quest is so much more. It's a whole system for helping CEOs zone in on the truth. By deeply understanding where we really are, we can identify and execute the next right step in scaling our business."
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About CEO Quest
CEO Quest provides tech company CEOs both individualized coaching and small CEO peer group experiences, a network of industry peers and partners, decision frameworks and extensive best practice research to help CEOs optimize decision-making at every stage of company growth. Through this coaching, CEO Quest companies are realizing an average year-on-year growth rate of 55 percent.
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SOURCE CEO Quest