Building a Business with a Strong Foundation

16min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The chapter delves into the technical aspects of business building, emphasizing the advantages of a single back-end database and multi-tenant architecture for efficient and cost-effective customer onboarding. It covers the CEO's fundraising journey, transitioning to institutional investment for rapid growth, and the shift in focus towards a robust go-to-market strategy. The narrative also touches on leadership approaches, personal growth, and the challenges of evolving and engaging employees in a growing company.

Tooey Courtemanche has been the CEO of Procore for over two decades, bringing the company from $0 to over $1B ARR and a $11B+ valuation today. In my latest episode, we explore how Tooey built the #1 Construction Management Software company, including his strategies for maintaining a talented team, his mindsets for tough times, lessons from mentors like Satya Nadella, Tooey’s advice for founders, and much more.

(00:00) Intro

(01:22) Valuation and Investor Relationships: A Founder's Perspective

(04:57) Procore Explained: Revolutionizing Construction Management

(06:07) The Early Struggles and Breakthroughs of Procore

(06:40) Surviving the Global Financial Crisis and Pivoting to Success

(17:53) Cultural Shifts and the Importance of Hiring Right

(31:26) The Power of Being a Platform: Procore's Technical Edge

(33:42) The Unconventional Path to Success

(34:19) Navigating Early Business Challenges

(35:31) The Power of Partnership and Mentorship

(36:14) Securing Investment and Scaling the Business

(38:12) Leadership and Organizational Growth

(41:40) Evolving with the Business: A Founder's Journey

(45:43) Maintaining Employee Engagement and Motivation

(49:07) Strategic Capital Allocation and Product Innovation

(53:53) Expanding Internationally: Lessons and Strategies

(56:14) Decision-Making and Leadership Style

(58:03) Balancing Growth and Profitability

(01:01:30) Advice for Aspiring Entrepreneurs

(01:05:37) Rethinking Education and Career Paths

(01:11:56) Reflecting on Societal Transformation

(01:13:11) From Encyclopedias to AI

(01:13:56) AI's Impact on the Construction Industry

(01:17:13) Personal Journey: From Carpentry to Tech Entrepreneur

(01:19:45) The Genesis of Procore: Merging Construction and Technology

(01:26:11) Mentoring Entrepreneurs

(01:31:47) The Therapeutic World of Lego Building

(01:38:16) Lessons from Lego

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

🎙 Listen to the show

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-logan-bartlett-show/id1606770839

Spotify: https://open.spotify.com/show/5WqBqDb4br3LlyVrdqOYYb?si=3076e6c1b5c94d63&nd=1

Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9zb0hJZkhWbg

🎥 Subscribe on YouTube: https://www.youtube.com/channel/UCugS0jD5IAdoqzjaNYzns7w?sub_confirmation=1

Follow on Socials

📸 Instagram - https://www.instagram.com/theloganbartlettshow

🐦 Twitter - https://twitter.com/loganbartshow

🎬 Clips on TikTok - https://www.tiktok.com/@theloganbartlettshow

About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.