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.
