How does it all work?
The Meetings
Each month each member meets 1-on-1 with Dave (Prendessa). The purpose is to clarify issues to bring up at the group meeting, and to work on accountability for commitments from prior meetings. During each monthly group meeting (at least a half day), participants collaboratively work the issues that are raised. When applicable, Prendessa will organize speakers to address the group meetings as well.
Why don't CEOs just get the help they need by working out problems with their board, investors, employees and advisors?
Why work with outsiders?
In tech, the norm is that advisors often don't agree, causing confusion and drama. Also, CEO's, like anyone else, have challenges that may not be appropriate for colleagues.
Why Prendessa versus larger established groups?
Why Prendessa
The technology space has different problems and processes than mainstream businesses. A company focused on a complex SaaS offering has little overlap with law, construction, dry cleaners and other common members. So long as the technology centric groups are entirely non-competitive, results are much better for them if they do not include industries without a common frame of reference in groups.
What is the value to participants?
What is the value?
Participants in professionally run groups have been shown to have 2.2x better results than their peers who operate alone. It works across the globe from dozens of companies such as Vistage and YPO.
What is a Private Peer Advisory Group
Private Peer Advisory Board
A group of industry peers (CEO, CRO, Founders) who meet regularly to assist each other to resolve problems.
Why does Prendessa operate private peer advisory boards?
Private Peer Advisory Boards
In the mainstream economy, CEOs in a private advisory board perform over 2X better than companies on their own. That's because the power and effectiveness of having a dozen CEOs committed to help you with serious problems is as good as it gets. Nothing gets better results.