The Logan Bartlett Show EP 126: Eran Zinman (Co-Founder, monday.com) on The Efficiency Hacks That Drove monday.com to $14B
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Dec 13, 2024 Eran Zinman, co-founder and co-CEO of monday.com, shares insights on scaling a $14 billion company. He discusses their innovative analytics platform, Big Brain, which boosts efficiency by allowing teams to achieve more with fewer resources. Zinman emphasizes a cash-focused strategy and the unique practice of sending daily metrics to investors. They also delve into flexible product development and the importance of hiring practices. Embracing failure as a learning tool is a crucial theme, reinforcing a strong company culture that encourages adaptability.
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Disrupting Crowded Markets
- Eran Zinman prefers disrupting crowded markets rather than inventing new ones.
- He believes high customer demand validates the market and presents opportunities for innovative solutions.
Platform vs. Product
- Monday.com's success isn't solely due to product features but a fundamental shift in business direction.
- They built a platform, not just project management software, enabling diverse applications like CRM and Dev tools.
Embrace Change
- Founders should embrace change and adapt their products based on market feedback.
- Changing course is not failure; it demonstrates resilience and adaptability.
