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Erik: Why do you feel that a vertical centric approach limits a business strategy?
Phil: I think this concept of verticals and you know – a term that I use is silos, smashing
silos is a project that I’m working on – and I think when you lock yourself into
these narrow ways of looking at either your talents or the world, you close of the possibilities.
And one of the common questions I get as a former trader – you know I worked at Goldman
– people are amazed at, you know “How did you make the transition from, you know,
one world that seems very desperate to what I’m doing now – marketing and writing
and a ton of different things?” I was always someone who was interested in those things.
You know, I promoted events in New York before business school, I was always into music,
I was always into the arts, always into culture. So, that was a natural part of who I was.
The concept of having to close off one aspect of my life to purse another never made sense
to me. I think the more we do that, even in the more traditional corporate environments
the less we’re capable of getting the best out of the people that we have. You know,
if someone is working in an accounting role, we only see them in that role. They might
have interests, they might have talents, they might have abilities

that transcend that.
Maybe they want to move into corporate finance, maybe they want to move into marketing, maybe
they want to move into operations. You never know and understand that we all have different
views, we all have different interests, we all have different talents, the more wide
spread we can make our organizations the better we are to plug in to people’s talents and
I think the more you do that the more you get value from those people. Yeah, the distinct
roles, like I said, they play more into responsibility and accountability but the dialogue should
still be open. So, yeah I’m going to have primary roles just so I don’t have chaos,
but that doesn’t mean that I’m not going look at some of those other things and have
input into them. So, we’re willing to talk to and go back and forth so we are sort of
cross-functional but we do have some certain responsibilities. I guess some of those responsibilities
are maybe tiebreakers because often times – lets say we’re looking at a layout
for the magazine or an event – a space that we’re talking about using for an event.
If one of us has a strong opinion about it then the kind of responsibilities will be
the tiebreaker.

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