‘Michael has been with me for every major twist and turn of the business over the last four years. Michael’s wise counsel at important moments has undoubtedly led to better decisions and improved financial outcomes.’

The Challenge

Following a significant investment round, Bamboo and Robin looked to Barnett Walton for assistance with the following:

  • Advice on market expansion
  • Support on stakeholder management
  • Challenges around scaling from an operations and people perspective
  • Independent support and mentorship to the CEO on strategic matters

Key Takeaways

  • Mentorship can bridge the gap between inexperience and success in start-ups.
  • Strategic guidance from an experienced mentor will lead to significant business outcomes.
  • Regular contact between a mentor and CEO is vital.

Client Background

  • Business name: Bamboo Auctions
  • Industry: Proptech
  • Founded: 2014
  • Location: London / Market Harborough
  • Team size: 15 employees

In 2021, as a post-graduate MBA alumnus of Bayes University, Michael was approached to be a mentor to the CEO of Bamboo. Early meetings focused on the practical role of a CEO, addressing people strategy and stakeholder management. As the business grew, the focus shifted to growth opportunities both organic and non-organic. Michael introduced several client opportunities and a highly experienced adviser to the Board.

Implementation

  1. Initial assessment:
    • Michael conducted a SWOT analysis to identify strengths, weaknesses, opportunities and threats.
    • Goals were established for product development and market entry.
  2. Regular meetings:
    • Regular meetings focused on addressing immediate challenges, to ensure the business model was robust enough to meet the CEO’s growth ambitions.
    • Feedback on presentations to investors was crucial.
  3. Workshops and networking:
    • Michael helped facilitate a network of potential investors, advisers and partners.

Results

  • Stakeholder engagement ensuring high quality and productive board meetings and effective stakeholder communication.
  • Strategic growth support. Strategic advice on organic and non-organic growth opportunities.
  • Client management. Practical advice on strategic client discussions
  • Board appointment. Introduced senior board member with high growth expertise.

Mentor profile

  • Name: Michael Walton
  • Experience: 38 years in real estate investment, development and investment management — having previously led three successful start-ups.
  • Focus areas: strategic planning, funding acquisition and growth strategies.