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Playing to Win! Lessons in Building Pendo Well Past $100M ARR
Build a winning business strategy by being aggressive, prioritizing features with data, and pivoting when necessary, as demonstrated by Pendo's journey from 50M to 100M ARR.
- Playing to win means being aggressive in business decisions, like acquisitions, and not being afraid to make bold choices.
- Prioritize features by intersecting platform areas, using data to inform decisions.
- Lead by example, being on sales calls and being willing to get hands dirty to close deals.
- Don’t get married to your roadmap; be willing to pivot and change directions.
- Surround yourself with good people, like COO Hannah Chaplin, who has a similar vision and approach to business.
- The CEO plays an always-on role, with no “off” switch, requiring constant energy and commitment.
- Pendo’s focus is on building a product-led motion, with a future in digital-led companies.
- Data is crucial in decision-making, and having a data scientist on board can provide valuable insights.
- The company has grown from 50 million to 100 million ARR, with challenges in messaging and educating users along the way.
- Winning mentality is key to success, and being willing to take risks is important.
- Todd Olson believes in the importance of being a technologist as CEO, and hiring for specific skills.
- Lessons learned from building Pendo include believing in bold choices, playing to win, and being willing to pivot.
- The company has made a number of acquisitions, including Receptiv.
- The CEO is not directly involved in sales now, but is willing to get involved to close deals if necessary.
- The future of most companies is digital-led, with a focus on product-led motion.