Building Lego Structures for Therapeutic Joy

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Explore how the speaker finds solace and satisfaction in constructing Lego sets, drawing parallels between this hobby and their professional endeavors at Procore. Discover the educational initiatives using Lego to engage students in construction concepts early on, from learning about RFI's to commissioning custom Lego designs. Delve into personal anecdotes of building intricate models like Notre Dame and the Millennium Falcon, emphasizing the value of the journey over the final results.

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

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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.