In the webinar discussion, Michael Anderson emphasizes that effective partnerships often begin informally, sometimes initiated by conversations among executive directors or CEOs. These initial talks can lead to significant collaborative efforts that require a structured approach. He highlights the importance of writing down a shared vision early in the process, essentially creating a hypothesis. All subsequent discussions, due diligence, and negotiations should revolve around this shared goal to ensure alignment and focus among all parties involved.
It's all about writing your hypothesis first and then aligning due diligence and negotiations to ensure everyone is focused on the shared vision.
Having a clear roadmap is crucial, especially when conversations may initially only involve a few key people like EDs or CEOs.
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