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In the Business of Trust: Tech Entrepreneur and Nobel Peace Prize Nominee Keith Krach Shares the Secret to Good Leadership

Keith Krach, former undersecretary of state and current billionaire entrepreneur, first started working at his father’s Ohio mechanics shop when he was 12. As he worked alongside his father, those valuable lessons his father imparted became the principles by which Krach has conducted business, from the time he was the youngest vice president of GM to his Silicon Valley ventures. They also inspired the goal Krach wanted to achieve during his time in public service: propelling America’s tech innovations so that she can continue to be the world’s foremost economic power.

Krach’s father and uncle were World War II veterans who were proud to serve their country. “They love telling stories about how America’s manufacturing might was a decisive factor in the war, and he also taught me that the key to America’s manufacturing prowess was fair competition in the marketplace. And that’s what drives productivity, and that’s what increased the standard of living throughout the world,” he said in a recent interview. That respect for America as a place that rewards hard work and integrity, coupled with his own boldness, led him to Silicon Valley. Krach turned cutting-edge tech startups into multi-billion-dollar public companies, such as DocuSign, the popular platform for signing agreements on electronic documents, and Ariba, a software offering businesses a more straightforward way to procure goods and services. The latter went public in 1999 as one of the first e-commerce companies geared toward businesses to do an initial public offering.

Later, while serving as undersecretary of state for economic growth, energy, and the environment, he spearheaded a campaign to protect American 5G innovations from authoritarian states that refused to play by the rules, earning him a Nobel Peace Prize nomination. A group of academics nominated him for developing a new model for countering unfair competition. Krach reflected that though he was sometimes advised against making such unprecedented moves, he felt that he had an obligation to serve his country. “I think sometimes people are afraid of consequences that aren’t really even going to be there. Besides, at the end of the day, you’ve got to look at yourself in the mirror and say, ‘Did I do the right thing?’ That’s the most important thing.”

Integrity and Trust

Growing up in Rocky River, Ohio, Krach learned “the beauty of free enterprise” from his father: small businesses like his were the economic engine of American manufacturing, he often explained. He also said, as Krach recalled, “‘The American dream is when the student surpasses the professor.’ … His goal was to have me be better off than him and my children better off than me.”

After graduating from Purdue University and Harvard Business School with full scholarships from GM, Krach entered the auto company with fresh ideas. At the age of 24, he gave a presentation to the board of directors, proposing that the company start a robotics division, a relatively unexplored area at the time, around the 1980s. He convinced them to enter a joint venture with Fujitsu Fanuc, the leader in programming the “brains” of robotic machinery.

Krach with his wife, Metta, during during a White House state dinner in Washington, D.C., September 2019. (Paul Morigi/Getty Images)

Through selling robotics to Silicon Valley, Krach was inspired by the risk-taking spirit of tech entrepreneurs. “[Silicon Valley] looked like the West Point of capitalism. You know—a United Nations, a total meritocracy.” He decided to go work for a software company. But on the second day of the job, he learned a hard lesson about what it meant to keep his integrity. “The CEO goes, ‘Keith, I want you to say this at the board meeting.’ I go, … ‘I won’t do that. That would be lying.’” His experience at the company went downhill from there. But it was a critical lesson that motivated him to start his own companies based on trust and integrity. “Those values are the most important thing in any company, because people can say, ‘Hey, I don’t like how you look. I don’t like where you went to school.’ But they can’t take away your integrity.”

His experience in Silicon Valley taught him that trust should be the basis of every relationship, business or personal. “You do business with people you trust, you partner with people you trust. You love people you trust, and so the most important skill is your ability to build that trust, and your biggest strategic asset are your trusted relationships, particularly when you’re starting a company from total scratch, right? And because they have to trust in you, they have to trust in your product, your processes, your company, how you’re going to treat them as a customer,” Krach said. He further explained that trust is like a “four-legged stool.” Within the idea of trust is having integrity, the capability to perform well, good judgment, and empathy. Instilling these principles enabled the staff at his companies to work together smoothly.

Krach speaks with Brent Christensen, then- director of American Institutes in Taiwan, September 2020. (HSU CHAO-CHANG/POOL/AFP via Getty Images)

At DocuSign, where he was CEO and chairman for 10 years until he was confirmed undersecretary of state in 2019, the same values held true. During a meeting with employees, he told them, “We’re not in the software business. We’re in the trust business. We deal with people’s most important documents. … Trust is sacrosanct.”

Serving America

He carried this idea with him when he was appointed to the State Department. He called it “the fastest decision I’ve ever made in my life, probably.” His father’s auto shop, and thousands of other small businesses in the Midwest, were gutted by China’s predatory trade practices. In Silicon Valley, he experienced first-hand having intellectual property stolen by Chinese state-backed companies. His father taught him to act if he witnessed something unfair. “It’s easy to sit back and think, somebody else can do this. But if everybody thinks that way, what do you got?”

Krach developed a new model for foreign relations, especially to target adversarial nations like China that don’t follow the rule of law—one that would leverage America’s strengths as an economic superpower and driver of entrepreneurship. Called the Clean Network, it created an alliance of nations and international telecom companies that promise to follow standards for transparency and not to use distrusted Chinese vendors that threaten data privacy. These countries and companies would be encouraged to partner with each other for 5G technology. Krach said he wanted to beat the aggressors at their game. “I would just harness the U.S.’s three biggest areas of competitive advantage: by rallying and unifying our allies and our friends, leveraging the innovation and resources of the private sector, and amplifying the moral high ground of democratic values—those trust principles,” he said. After all, America always played fairly.

Krach is sworn in as Under- Secretary of State for Economic Growth, Energy, and the Environment, September 2019. (Public Domain)

His approach was seen as risky by some—many companies and countries are afraid of upsetting China for fear of retaliation, or because it may impact their China market. But Krach said he again believed in the importance of building trust among like-minded partners. By creating an alliance, “it gave them a security blanket, because there’s strength in numbers and there’s power in unity and solidarity.” For this approach to diplomacy, he was nominated for the Nobel Peace Prize earlier this year. He believes more tech executives should work together with the federal government—so they can counter foreign threats more effectively. In July 2021, he founded the Krach Institute for Tech Diplomacy at Purdue University, aimed at exactly this cross-section between foreign policy and tech. The institute conducts research on cutting-edge tech that could have implications for national security.

Mentorship

Krach firmly believes that entrepreneurship is what makes America the leader in innovation. And at the heart of it all, Silicon Valley, “the secret sauce … I think is mentorship.” He recalled that after he took Ariba public, the board recommended that he seek out advice from then-CEO of Cisco, John Chambers. Krach was surprised that Chambers agreed and invited him to ask any questions. One day, Krach asked Chambers why he was willing to teach him. Chambers said that he was mentored, too, by then-CEO of HP Lou Platt. Chambers said, as Krach recalled: “‘So Keith, I don’t ask for anything in return. I just asked you to do it for the next guy.’”

In 2019, Krach founded the Global Mentor Network, a program that matches young entrepreneurs with top Silicon Valley CEOs to teach them leadership skills and provide resources for succeeding. He hopes to inspire the next generation. “People go, ‘What do you think your legacy is going to be?’ And I go, ‘Well, it’s not the companies I led. It’ll be the people that I mentor.’” He thinks back to something his father said. “‘You never know if you’re a good father until you see your children’s children.’ You also don’t know if you’re a great leader until you see your mentees’ mentees, right?”

This article was originally published in American Essence magazine.

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American Polo Star Nic Roldan on Harnessing the Power of the Mind

A polo player must have great control not only of his body, but also over his horse. The two must be able to turn together on a dime. In the ancient game of polo—one of the oldest-known team sports, originally crafted as a mock battle for training cavalry—the speed is fast, the strategy is sharp, and the maneuvers are precise.

With horse power driving the action, the players’ lives are at stake. “People don’t understand … that we literally put our lives on the line every time we step out on the polo field,” said Nic Roldan, current captain of the U.S. national polo team.

He balked at discussing further the dangers or injuries he’s witnessed. “I never like to talk about it or even think about it,” he said. He compared polo players to NASCAR drivers; neither can afford to be paralyzed by fear. “The moment you start thinking about those things and having that fear, it’s probably the moment you need to quit,” he said.

Roldan keeps a tight rein on his thoughts. He directs them toward positivity, gratitude, and achieving his goals. At the age of 15, he became the youngest player to win the U.S. Polo Open. Now, at 39, he not only continues with polo, but also models, has his own apparel line, and founded a property development company. He spoke of the perseverance that’s key to his success.

“There have been challenging moments in my career—where either I’ve lost a job, or I didn’t get hired one year, or I wasn’t on a really good team—and you get really frustrated. You just go through it. I’ve always dug deep and had faith and a strong belief that I could do it. The mind is a very powerful muscle.”

An Early Start

Roldan starts his busy days with meditation and prayer. He takes an hour and a half of peaceful time to himself, and it’s his favorite part of the day. But going to the “office” is pretty good, too.

“Coming to my barn every day and knowing that this is sort of like my office and being able to hang out with these incredible animals, … I’m obviously incredibly blessed,” he said.

Roldan at a meet-and-greet with the champion racehorse California Chrome. (Courtesy of Nic Roldan)

As a fourth-generation professional polo player, Roldan has been around horses for as far back as he can remember. His father, Raul Roldan, played polo for the Sultan of Brunei. His father is Argentinian and Roldan was born in Argentina, though he has lived most of his life in Wellington, Florida.

“What I learned the most [from my father] was his dedication, his passion for the sport,” Roldan said. “He was always extremely humble. I think that was a really great quality of his. He was always very kind. I think at the end of the day, those are the most important things.”

Roldan’s account of what led to his success shows humility as well: “It’s a little bit of luck; it’s having the right team, the right organization, and the right horses under you.”

He says that the relationship with horses is one of the most important parts of playing polo. “What defines an elite polo player is being at-one with your horse, … flowing with each horse in sort of an artistic way, like a ballerina.” It’s not easy to learn that level of synchronization, Roldan said. It’s partly innate, and it also develops naturally by spending a lifetime with horses.

The Horses

A game of polo typically lasts more than an hour, and players switch horses every several minutes. A player must thoroughly understand each horse’s unique characteristics, Roldan said.

For example, some are light in the mouth, so the player must be mindful of how hard he pulls to have the horse respond as he needs. Some horses have more stamina than others. He must be aware of how the horse is feeling that day. “You could have your best horse, but that day he doesn’t feel that great,” Roldan said.

He describes what it’s like taking all this into consideration in the moment: “It’s the relationship with the horse you have to have, the speed and the intensity, the understanding of each horse and the control of each horse⁠—all while you’re trying to hit a ball 25 to 30 miles an hour, [and] you’ve got four other guys trying to chase you. It’s incredible.”

Roldan added: “We don’t just get out onto the polo field and run around like a bunch of chickens without heads. Every play is thought out. … It is really like a chess game.”

Holistic Life

Polo works the mind and the whole body. “The most important thing for polo is having strong legs, strong core, and strong shoulders and upper body,” Roldan said, laughing as he admitted that he listed pretty much every part of the body. “It’s the whole body. … If you look at most polo players, we’re not bulky. You need to be lean, flexible.”

Roldan also exercises his creative side. His mother, Dee Roldan, is an interior designer, and Roldan began working with her on flipping houses as a side project during his 20s.

“My mom has always had an artistic palette. She’s always been very unique and very distinctive in the way she’s dressed and in her designs,” Roldan said.

He set his mind to excelling in this pursuit and started building from the ground up. He founded a development company, Roldan Homes, and recently became a realtor for Equestrian Sotheby’s International Realty.

The polo player is committed to keeping his mind and body in peak condition at all times. (Courtesy of Nic Roldan)

His equestrian experience melds with his real estate ventures. His hometown of Wellington is a large equestrian community, with many housing developments centered on equestrian facilities. One of his projects was a horse barn in the Grand Prix Village that sold for $8.8 million. The stalls are a clean, crisp white, contrasting with black wrought iron. Neat cobblestones pave the passageway through the barn. The staff accommodations are modern and roomy, and the owner’s lounge is centered around a large fireplace.

“As an athlete, your career ends at some point. Thankfully, in polo, you can play until your late 40s at a competitive level. As my career starts to wind down, I have to have other things to do,” Roldan said. “I love to stay busy. I love to work hard.”

Gratitude

He also loves to give back. Roldan has dedicated himself to philanthropy, including working regularly with the Boys and Girls Club in Wellington and Kids With Cancer.

“First and foremost, my motivation is what life has given to me. I feel deep down in my heart that, because of what I was given, that I should give back,” he said. “For me, anything to do with kids is really important.”

At the Boys and Girls Club, he spends time with children who are less fortunate, who need extra support as their parents struggle to provide for them. “We throw pizza parties there. I love going over there and seeing the smiles on the kids’ faces and playing ball with them. We do karaoke. It’s a lot of fun,” Roldan said.

Through Kids With Cancer, he spends time with children who are either going through treatment or in remission. He recalled a boy named Johnny who was in remission. “He was an entertaining little boy to be around. He was always smiling and having fun.”

Roldan keeps his mind on gratitude. “I’m obviously incredibly blessed to be where I am today, to have had such a great career. I get to travel the world, and I get to do something I love, I get to meet incredible people,” he said. It has taken hard work to excel to the level he has in polo, and “there’s the gray times and struggles,” but in the end, “it’s built me to who I am today.”

This article was originally published in American Essence magazine.