Just days after stepping down as CEO of Clearco, founder Michele Romanow is still at the Toronto office every day and doesn’t have much time for extra hobbies.
“It's the hardest move for a leader,” she said. “Every time you have to fire a single person or multiple people in a layoff, you don't sleep as a founder, and I think that's a good thing. I think that makes you human.”
“It's fun to build when the sun is out… real leaders are made when it starts raining,” Romanow said. “You have to figure out how to fix and pivot and adjust a business for the economic climate you're in.”Romanow got the idea for Clearco from Dragons’ Den, where she and other business leaders hear pitches from Canadian entrepreneurs. The company, founded in 2015, loans money to businesses based on revenue rather than assets.
“The goal is what the market is demanding, which is that every tech company become profitable,” she said. “We’re very focused on our path to profitability, the capital, the structures and our funds that we need to do that, and being as efficient as possible.” “For me, this is really about not having an ego. I care about the success of the company and that's it,” Romanow said.
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