Embark founder Paul Allen wanted to make sure each of his 300-plus employees was completely on board with his plans for the rapidly growing Dallas-based...
Paul Allen, founder of Dallas-based financial advisory firm Embark.Embark founder Paul Allen wanted to make sure each of his 300-plus employees was completely on board with his plans for the rapidly growing Dallas-based financial consultancy.“The last 24 months in our country and our world have been so divisive in nature,” Allen said. “I don’t know of a good organization that has accomplished a ton when its team members are not pulling in the same direction.
“About 99% of the company isn’t like me,” Allen said. “I have to surround myself with logic-based, risk-averse people to balance out my high risk tolerance and total feelings-based approach.”A year ago, Clancy Fossum was the CEO, but he’s now chief execution officer. He’s been hit up by strategic buyers and private equity companies but says he hasn’t found the right dance partner. “Until we do, we’re going to continue to grow organically.”
Clancy Fossum, left, and Paul Allen work in their office space at the West End Common Desk in Dallas. He also went to OSU to play basketball, dreaming of making the Cowboys’ traveling varsity squad as a 6-foot-2-inch, 175-pound walk-on guard. In less than two years at EY, he realized that being a practicing public accountant would never float his boat. He hasn’t been one since.
“I’m waking up at 3 a.m. with nosebleeds and migraines trying to figure out how to make payroll,” he said. “I’m not the Paul Allen who started Microsoft with Bill Gates, so we had very finite funds as we grew.
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