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.

Key takeaways
  • 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.