The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: From Construction Worker to Billionaire CEO; The 21-Year Epic Journey of Procore to an $8.6BN Company, Advice from Tobi at Shopify on Being a Great CEO & Why The Idea of "Becoming an Entrepreneur" is BS with Tooey Courtemanche

Dec 4, 2023
Tooey Courtemanche, founder and CEO of Procore, shares his transformative journey from construction worker to leading a billion-dollar company. He discusses the initial struggles, including the 13 years it took to reach $9.6M in revenue and why many investors laughed at him in 2008. Tooey emphasizes the balance between vision and adaptability in entrepreneurship. He also delves into the art of leadership, the importance of cultural fit in hiring, and the complexities of managing both a thriving business and being a present parent.
01:14:15
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Episode guests

Tooey Courtemanche

Podcast summary created with Snipd AI

Quick takeaways

  • The importance of staying true to your values and building a strong company culture through intentional hiring.
  • The role of persistence and luck in achieving success, emphasizing the need to follow passion and seize opportunities.

Deep dives

Lessons from Building Procore

One of the main lessons from building Procore is the importance of staying true to your values. Procore's hiring process focuses on hiring individuals who align with the company's values, such as being hungry, humble, and smart. This intentional approach to hiring has helped build a strong company culture. Another key lesson is the need to scale your own skills as a leader as the company grows. This involves stepping away from doing the work yourself and focusing on leading and empowering your team. Additionally, Tui emphasizes the importance of authenticity and being true to oneself, even in a high-pressure CEO role. Lastly, customer focus plays a central role in Procore's success. Regularly engaging with customers and addressing their needs helps to drive product development and maintain a strong customer base.

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