Establishing Communications Channels That Build Trust
Reflections on leadership, presence, and the power of showing up

Establishing Communications Channels That Build Trust

Reflections on leadership, presence, and the power of showing up

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https://www.iconiqcapital.com/growth/insights/establishing-communications-channels-that-build-trust

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After I posted my article, “Five Principles for Leading Through Uncertainty,” several of you reached out and asked me to go deeper. I wrote that original piece quickly, responding to the political and economic tensions of the moment. But I think these principles apply more broadly.

So, I’m writing five follow-up articles expanding on each principle originally cited. This is the first of these. By no means am I suggesting that I have all the answers, but I am sharing a perspective with the hope of providing some value.

Let’s start with the first principle: Establishing Communication Channels that Build Trust.

1. Set a Steady, Consistent Rhythm

Uncertainty in business is par for the course, and when things feel uncertain, people naturally look for signs of stability. One of the most grounding things a leader can do is establish a predictable cadence of communication. At Coupa, we made a point of setting regular touchpoints such as monthly all-hands meetings, bi-weekly CEO email exchanges, and consistent touchpoints by function and stakeholder. These were not always overly flashy or produced (though when it made sense, they were), but they were steady. People began to count on them happening with consistency, and I believe they kept us moving together in lock step as a company.

Even when my team and I didn’t have new answers, we still sough to show up with an authentic, thoughtful, and positive attitude. We offered focus and clarity. Saying, “Here’s what we know, and here’s what we are still figuring out,” was better than going silent, dictating, or bullshitting our colleagues. I believe this approach rightfully earned us the privilege of serving and leading the organization. It helped us establish a fabric of trust.

2. Speak Clearly, and Match the Moment

Different stakeholders need different information. Colleagues may be focused on job stability and direction. Customers may want to know if you're still investing in their success. Investors may want to see that you are managing risk, delivering on expectations, and thinking long-term.

No matter who you're speaking to, clarity matters. I have found that plain-spoken language, authentic delivery, and a little realism go much further than rehearsed optimism. People can sense when you are hedging or trying to spin the message. But they also notice when you are willing to tell the truth with complete clarity.

When the economic landscape was especially uncertain, my team and I made a point of being transparent about what we were seeing, how we were thinking about managing through it, and what we were watching to help us make key decisions. As a result, most seemed to have a grasp of the opportunities and risks we were all facing on our collective journey of company and community building in our market.

3. Be Present in Multiple Ways and Make It a Two-Way Conversation

People take in information differently. Some listen, some read, some need to see your face. That is why it helps to use more than one format. At Coupa, I recorded short video messages for prospects. I wrote welcome emails to new customers. I held key meetings in person for a host of internal and external stakeholders. I tried to select the best communication channel, balancing the anticipated content of our message exchange with each constituent's likely time constraints. I believe this approach proved effective as the business scaled. But in all cases, my goal was for my presence to be real and focused. Presence is sacred!

Of course, good communication is not just about speaking; it's also about being accessible and listening. I tried to be as responsive as possible to all inbound communications and sought to scale that by having key questions collected and voted on by colleagues for discussion at company meetings. I believe actively listening to colleagues, customers, and investors helped keep me incredibly close to the business daily. Hearing from key constituents helped us spot business challenges early and adjust course as proactively as possible. Then, when we did make changes based on feedback, we told people about it. I believe that the simple act of closing the loop helps build an even deeper trust across the community you are engaging with.

In Conclusion

I believe that having well-established communications channels with all key constituents is a fundamental element of strong leadership. Waiting for a crisis to establish them feels less than responsible as a leader.

When you communicate, you don't need to say everything perfectly or know every answer. What matters is showing up in a way that can be deeply trusted. Do it regularly. Do it honestly. Do it with clarity. Do it in a way that lets people see the kind of human you are and the leader you aspire to be.

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Notes

Disclaimer

The views expressed in this presentation are those of ICONIQ Venture & Growth ("ICONIQ" or the "firm"), are the result of proprietary research, may be subjective, and may not be relied upon in making an investment decision. 

 This presentation is for general information purposes only and does not constitute investment advice.  This presentation must not be relied upon in connection with any investment decision.  The information in this presentation is not intended to and does not constitute financial, accounting, tax, legal, investment, consulting or other professional advice or services.  Nothing in this presentation is or should be construed as an offer, invitation or solicitation to engage in any investment activity or transaction, including an offer to sell or a solicitation of an offer to buy any securities which should only be made pursuant to definitive offering documents and subscription agreements, including without limitation, any investment fund or investment product referenced herein.  

Any reproduction or distribution of this presentation in whole or in part, or the disclosure of any of its contents, without the prior consent of ICONIQ, is strictly unauthorized.  

This presentation may contain forward-looking statements based on current plans, estimates and projections.  The recipient of this presentation ("you") are cautioned that a number of important factors could cause actual results or outcomes to differ materially from those expressed in, or implied by, the forward-looking statements.  The numbers, figures and case studies included in this presentation have been included for purposes of illustration only, and no assurance can be given that the actual results of ICONIQ or any of its partners and affiliates will correspond with the results contemplated in the presentation.  No information is contained herein with respect to conflicts of interest, which may be significant.  The portfolio companies and other parties mentioned herein may reflect a selective list of the prior investments made by ICONIQ.  

Certain of the economic and market information contained herein may have been obtained from published sources and/or prepared by other parties.  While such sources are believed to be reliable, none of ICONIQ or any of its affiliates and partners, employees and representatives assume any responsibility for the accuracy of such information.  

All of the information in the presentation is presented as of the date made available to you (except as otherwise specified), and is subject to change without notice, and may not be current or may have changed (possibly materially) between the date made available to you and the date actually received or reviewed by you.  ICONIQ assumes no obligation to update or otherwise revise any information, projections, forecasts or estimates contained in the presentation, including any revisions to reflect changes in economic or market conditions or other circumstances arising after the date the items were made available to you or to reflect the occurrence of unanticipated events.  

For avoidance of doubt, ICONIQ is not acting as an adviser or fiduciary in any respect in connection with providing this presentation and no relationship shall arise between you and ICONIQ as a result of this presentation being made available to you.  

ICONIQ is a diversified financial services firm and has direct client relationships with persons that may become limited partners of ICONIQ funds.  Notwithstanding that a person may be referred to herein as a "client" of the firm, no limited partner of any fund will, in its capacity as such, be a client of ICONIQ.  There can be no assurance that the investments made by any ICONIQ fund will be profitable or will equal the performance of prior investments made by persons described in this presentation. 

Any information in this presentation is directed at, and intended for, only persons who are experienced institutional or professional investors (“professional investors”) as defined by applicable law and regulation.  Any person that is not a professional investor is not an intended recipient of this presentation and the matters discussed herein.

ICONIQ is a trading name of certain ICONIQ Partners (UK) LLP. ICONIQ Partners (UK) LLP (Registration Number: 973080) is an appointed representative of Kroll Securities Ltd. (Registration Number: 466588) which is authorised and regulated by the Financial Conduct Authority. ICONIQ Partners (UK) LLP is a limited liability partnership whose members are ICONIQ Capital (UK) Ltd, Seth Pierrepont and Lou Thorne, and it is registered in England and Wales and has its registered office at 27 Soho Square, London W1D 3QR. ICONIQ Partners (UK) LLP acts as an adviser to ICONIQ Capital LLC

Unless otherwise indicated, the views expressed in this presentation are those of ICONIQ Venture and Growth (“ICONIQ" or the “Firm"), are the result of proprietary research, may be subjective, and may not be relied upon in making an investment decision. Information used in this presentation was obtained from numerous sources. Certain of these companies are portfolio companies of ICONIQ Venture and Growth. ICONIQ Venture and Growth does not make any representations or warranties as to the accuracy of the information obtained from these sources.

This presentation is for general information purposes only and does not constitute investment advice. This presentation must not be relied upon in connection with any investment decision. The information in this presentation is not intended to and does not constitute financial, accounting, tax, legal, investment, consulting or other professional advice or services. Nothing in this presentation is or should be construed as an offer, invitation or solicitation to engage in any investment activity or transaction, including an offer to sell or a solicitation of an offer to buy any securities which should only be made pursuant to definitive offering documents and subscription agreements, including without limitation, any investment fund or investment product referenced herein.

Any reproduction or distribution of this presentation in whole or in part, or the disclosure of any of its contents, without the prior consent of ICONIQ, is strictly unauthorized.

This presentation may contain forward-looking statements based on current plans, estimates and projections. The recipient of this presentation ("you") are cautioned that a number of important factors could cause actual results or outcomes to differ materially from those expressed in, or implied by, the forward-looking statements. The numbers, figures and case studies included in this presentation have been included for purposes of illustration only, and no assurance can be given that the actual results of ICONIQ or any of its partners and affiliates will correspond with the results contemplated in the presentation. No information is contained herein with respect to conflicts of interest, which may be significant. The portfolio companies and other parties mentioned herein may reflect a selective list of the prior investments made by ICONIQ.

Certain of the economic and market information contained herein may have been obtained from published sources and/or prepared by other parties. While such sources are believed to be reliable, none of ICONIQ or any of its affiliates and partners, employees and representatives assume any responsibility for the accuracy of such information.

All of the information in the presentation is presented as of the date made available to you (except as otherwise specified), and is subject to change without notice, and may not be current or may have changed (possibly materially) between the date made available to you and the date actually received or reviewed by you. ICONIQ assumes no obligation to update or otherwise revise any information, projections, forecasts or estimates contained in the presentation, including any revisions to reflect changes in economic or market conditions or other circumstances arising after the date the items were made available to you or to reflect the occurrence of unanticipated events. Numbers or amounts herein may increase or decrease as a result of currency fluctuations.

For avoidance of doubt, ICONIQ is not acting as an adviser or fiduciary in any respect in connection with providing this presentation and no relationship shall arise between you and ICONIQ as a result of this presentation being made available to you.

ICONIQ is a diversified financial services firm and has direct client relationships with persons that may become limited partners of ICONIQ funds. Notwithstanding that a person may be referred to herein as a "client" of the firm, no limited partner of any fund will, in its capacity as such, be a client of ICONIQ. There can be no assurance that the investments made by any ICONIQ fund will be profitable or will equal the performance of prior investments made by persons described in this presentation.

Any information in this presentation is directed at, and intended for, only persons who are experienced institutional or professional investors (“professional investors”) as defined by applicable law and regulation. Any person that is not a professional investor is not an intended recipient of this presentation and the matters discussed herein.

ICONIQ is a trading name of ICONIQ Partners (UK) LLP. ICONIQ Partners (UK) LLP (Registration Number: 973080) is an appointed representative of Kroll Securities Ltd. (Registration Number: 466588) which is authorised and regulated by the Financial Conduct Authority. ICONIQ Partners (UK) LLP is a limited liability partnership whose members are ICONIQ Capital (UK) Ltd, Seth Pierrepont and Lou Thorne, and it is registered in England and Wales and has its registered office at 27 Soho Square, London W1D 3QR. ICONIQ Partners (UK) LLP acts as an adviser to ICONIQ Capital LLC