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Abakar Saidov

CEO at Beamery

Abakar Saidov is an accomplished tech entrepreneur, co-founder of Beameryhq, a London-based startup. He has a broad educational background, having studied Economics at the University of Warwick, and Mandarin at Capital Normal University. Saidov has worked for some of the most prestigious companies on Wall Street, including Goldman Sachs’ Investment Banking Division, where he spent time as a Financial Analyst and a Summer Analyst. He has also worked as an associate at Francisco Partners. Saidov co-founded Seed Jobs, a job board for startups in emerging markets, before focusing on Beameryhq. Saidov's areas of expertise include technology, SaaS, bikes, and fitness. He is passionate about his work and has a particular interest in Behavioral Psychology, Development Economics, and Management Science.

Highlights

Jun 19 · linkedin

The secret to Selling picks and shovels in a Goldrush…

Today NVIDIA became the world’s most valuable company. A culmination of decades of execution by Jensen Huang

Nvidia is in a league of its own for AI chip’s with no real competitors that come close. Who saw that coming? In the last 12 months it seems obvious - of course a company selling the hardware needed for the AI revolution is incredibly valuable. But 10 years ago - is this a bet you would have made?

It is a result of two things: 1️⃣ Incredible strategic foresight and conviction from Jensen to see and bet on what others didn’t. And doing it so many times over. 2️⃣ Unusual practices to create focus on execution, speed and excellence.

And one thing it isn’t - Luck. Getting one trend right might be luck. But getting 4 separate trends right (gaming, automotive, mobile and now AI) over 3 decades - now this is where you start believing in magic.

The real magic comes in being different. Unapologetically different in the culture and management of the business.

💡Strategy: Doing things No one is doing There is an old saying in startups - if no one thinks you’re crazy - you aren’t being ambitious enough. Nvidia’s strategy was different because they made “bet the house” decisions that were each 10 years in the making. And continued to execute them relentlessly. Living 10 years in the future sounds visionary in retrospect - but it feels incredibly risky while you are doing it, especially if no one else seems to be doing it. You are making a product better before the market is there. That is the opposite of what they reach you in business school.

⭐️Culture: no plans, no reports, no hierarchy Unconventional management style is putting in mildly. Jensen has 50+ direct reports. Doesn’t have 1:1s with his team - only group discussions. Meetings can be attended by anyone. To quote “if there is a strategic direction - why only tell one person”.

He prefers a direction not a plan, being able to take feedback and agility as opposed to the rigidity of long term planning. “…we just plan continuously; there is no five-year plan, there is no one-year plan, there is no plan — there is just what we are doing”

To speed up decision making there are no status reports, instead employees just send him their “top 5 things” immediately. This was he keeps in touch with ground realities of the company.

All this at the scale of being the most valuable company in the world with 30k employees.

This isn’t your usual managers handbook approach. What can we learn from this? Should we do the same at our businesses?

I think the answer is - don’t be afraid to try what hasn’t been done before. Incredible CEOs from Andy Grove, to Jeff Bezos have not stuck to convention of their time in management or strategy and found ways that were uniquely their own to build remarkable companies. The key to it all is how to get the best out of people to get them to do remarkable things.

What leadership stories inspire you?

Jun 7 · linkedin

Well, that’s a wrap for another year!

#SparkLive, our huge virtual HR event, is over for another year. A massive thank you to everyone at Beamery who put this together, all the clients and partners who took part, and – of course – all of you who tuned in and engaged in some really inspiring sessions…

🤝 Sultan Murad Saidov spoke to Michael Rizzi from DraftKings Inc., Katharine Rooney from Mimecast, and Thanh Duong from Autodesk about the way #AI is empowering humans, particularly the humans of HR…

🎉 We announced our annual #BeamieAward winners - our clients who are reimagining the future of work and leading the charge in global talent transformation

💪 Huge Congratulations to Hilti Group, DraftKings Inc., Wells Fargo, Salesforce, and Verizon 🎉

⭐ Fernando Bellón de Aguilar de Aguilar of BBVA spoke to Kyle Lagunas about their skills-based transformation journey

💡 We announced some exciting new innovations deploying AI into enterprise workflows to help organizations build more agile workforce plans, manage talent risk, and maximize ROI from talent investments. Read all about here. https://lnkd.in/evr5r9bt

⭐ Betsy Summers from Forrester interviewed a stellar crew of talent leaders: Ashley Walvoord from Verizon; Arthur Lokerson from Wells Fargo and Olga Power from Just Eat Takeaway.com … about how #skills intelligence and #AI help them with their "build, buy, borrow" decisions.

✨ Industry legend Larry Emond Emond spoke to some excellent #CHROs on the changing nature of the role: Caroline Heller from BlackRock, Samantha Hammock from Verizon, and Jacqui Canney from ServiceNow shared their collective wisdom…

⭐ Our very own Matt Fenton chatted to Elle Lebourg & Lara Farrell from Hilti Group, and Nigel Williams from BlackRock, about taking a more metric-driven approach to quantifying the value of #HR.

💎 We had keynotes from the super impressive Kat Cole and (alongside Mary Meaney) Jill Ellis (the most successful head coach in US Women’s National Team history), who shared many gems about transformative leadership. Thank you!

If you missed it - You can watch it all on demand here: https://lnkd.in/ejM3YFPC

Related Questions

What inspired Abakar Saidov to start Beamery?
How did Abakar Saidov's experience at Goldman Sachs influence his career?
What are some key achievements of Beamery under Abakar Saidov's leadership?
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What challenges has Abakar Saidov faced as CEO of Beamery?
Abakar Saidov
Abakar Saidov, photo 1
Abakar Saidov, photo 2
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Location

London, England, United Kingdom