Fabien Pinckaers

48 statements across 1 episodes · 12 bullish · 9 bearish · 1 people on the record · first statement Feb 12, 2025 by Fabien Pinckaers · across every show →

On the record as a speaker too: Fabien Pinckaers's record, appearances and statements → this page counts the times other people say the name.

Everything said about Fabien Pinckaers, oldest first

Feb 12, 2025
Disclosure
Odoo CEO splits time 50/50 between R&D and internal processes
“50% of my time is in the product. So research and development with the product owners and the developers. And the other 50% is improving your internal processes.”
Fabien Pinckaers Feb 12, 2025 ▶ 31:57 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 bullish
Insight
In slow markets like ERPs, superior product always beats marketing
“You can save time with marketing, you can save two or three years, you can grow the company, but at some point you cannot, the product matters. I am on a market that is very slow, you know, ERPs are very slow, LCPs is still shitty after two years, Microsoft Dy…”
Fabien Pinckaers Feb 12, 2025 ▶ 11:52 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Disclosure
Odoo lets new local directors choose international expansion cities
“And we always proceed that way. We first find the person and only after the person will define where we go.”
Fabien Pinckaers Feb 12, 2025 ▶ 37:54 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 neutral
Assertion Not checkable as stated
Odoo mandates a one-month onboarding program before on-the-job coaching
“We have one month of onboarding, where you have a lot of e-learning, test, exercise, certification, everything, and then it's more about coaching on the job. By the team leader.”
Fabien Pinckaers Feb 12, 2025 ▶ 30:16 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 neutral
Assertion Not publicly verifiable
Fabien Pinckaers bought domain sorrysep.com at age 26 to target SAP
“When I was 26, I purchased the domain name sorrysep.com, because I thought that one day I would be much bigger than them, and then I would use this domain name.”
Fabien Pinckaers Feb 12, 2025 ▶ 45:23 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Insight
Doubts about an employee signal it is already too late
“I keep saying to myself, when there is a doubt, there is no doubt. You know, we are entrepreneurs, and as an entrepreneur, we are always optimistic. We want things to make it work, we think it's gonna be better, and if, even if it doesn't work with someone, we…”
Fabien Pinckaers Feb 12, 2025 ▶ 36:17 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Insight
Office expansion succeeds on leadership quality, not location
“For me, the way we operate is that the key is not so much about the country or the city, the key is to find the right director. I mean, you can have the best location, you go in San Francisco or Silicon Valley, and you have an average director, it won't work.”
Fabien Pinckaers Feb 12, 2025 ▶ 37:10 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Insight
At 10 to 100 employees, middle managers define company culture
“10 to 100 is the time where your job change. As a founder, you start to have middle managers, and so the culture is not you anymore. It's the middle manager and the way they behave with the people. So you spend way more time communicating to ensure that the cu…”
Fabien Pinckaers Feb 12, 2025 ▶ 34:11 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Disclosure
Odoo ignores resumes and evaluates candidates strictly on practical tests
“So we don't look at resumes, we just make them do some practice and look at it.”
Fabien Pinckaers Feb 12, 2025 ▶ 26:00 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Disclosure
Fabien Pinckaers retains 57% ownership of Odoo at $5B valuation
“57%. So I only did two fundraising, very bad valuation, but I still kept the majority of the shares.”
Fabien Pinckaers Feb 12, 2025 ▶ 53:02 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Insight
Companies should pay top performers significantly higher salaries than average staff
“I think you should pay people very differently based on competencies too. The best people should have much more than the other ones.”
Fabien Pinckaers Feb 12, 2025 ▶ 1:10:52 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 negative
Opinion
Meeting VCs outside active deal cycles is a waste of time
“Waste of time. I meet them when we have an operation, so once every three years we get a transaction, then I'm happy to meet everybody, but .”
Fabien Pinckaers Feb 12, 2025 ▶ 52:18 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 bullish
Disclosure
Odoo managers have never sold company shares
“All the managers are always buying shares at Odo. We never sold shares.”
Fabien Pinckaers Feb 12, 2025 ▶ 51:47 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 bullish
Prediction Not checkable as stated
Odoo and ERP challengers will grow much faster than Salesforce and SAP
“I think same as SAP, most of the, these companies have still a good way to, I mean, you, they will continue. But other challenges like us will grow much faster.”
Fabien Pinckaers Feb 12, 2025 ▶ 56:00 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 negative
Assertion Supported
Odoo bans recurring meetings to avoid traditional managers
“I forbid the recurring meeting at the company. They can do meetings. But on the job, or for specific tasks, or trainings, but not recurring meeting. I mean, recurring meeting is a way to manage people, and we try to avoid managers. We want team leaders that wo…”
Fabien Pinckaers Feb 12, 2025 ▶ 30:52 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 bullish
Disclosure
Reinvesting personal funds in Odoo because it reliably returns 50% yearly
“I still if I have money, I don't have a lot of money in my bank account, but if I have money, I will buy or do shares. Even more. I mean, it's the best investment I can do, so. It's purely financial. I don't know another company that can give me 50% year after…”
Fabien Pinckaers Feb 12, 2025 ▶ 1:12:02 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Assertion Not checkable as stated
Odoo recruits within five days using single-meeting automated process
“And our process is extremely fast. So it's one meeting and we decide right away. So usually we recruit within five days and everything is automated. So you apply online, you can book your meeting with the interviewer right away from his, into his calendar. The…”
Fabien Pinckaers Feb 12, 2025 ▶ 27:12 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Assertion Supported
Odoo stopped all services overnight in 2010 to pivot to software
“So I decided to stop all my services activities from one day to another. But to fund that, I needed to do my first fundraising.”
Fabien Pinckaers Feb 12, 2025 ▶ 6:49 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Insight
Hiring well-rounded candidates yields average talent
“If you look for people that are perfect in everything, you will get people that are average in everything. I mean, if you want people who speak multiple languages, who is a good developer, who is a good communicator, Probably it's gonna be average. So if you d…”
Fabien Pinckaers Feb 12, 2025 ▶ 34:57 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Assertion Supported
Fabien Pinckaers bootstrapped Odoo to 100 employees via custom services
“Not a good business model, but I grew the company to 100 people on that basis.”
Fabien Pinckaers Feb 12, 2025 ▶ 5:20 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Assertion Supported
Switching Odoo to open core allowed a 10x dev team expansion
“When I decided to switch to an open core business model and say, it's not only, it's not anymore 100% open source, it's only 80% open source and 20% for free. I could 10 times the development team, so now I'm contributing way more to open source than before.”
Fabien Pinckaers Feb 12, 2025 ▶ 1:07:09 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Assertion Not checkable as stated
Running Odoo is easier at 5,000 employees than at 100
“I think my life is easier now than it was when we were 100.”
Fabien Pinckaers Feb 12, 2025 ▶ 1:05:50 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 bearish
Prediction Open · timeframe Feb 2045
Odoo will displace SAP within 10 to 20 years
“First, I think it's just a matter of time. I think I don't know how they can survive to what's coming in from them. We have so much advance, years in our head, we are stealing so much clients to them, that it's just a matter of time for me. But it's gonna take…”
Fabien Pinckaers Feb 12, 2025 ▶ 46:25 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Assertion Partly supported
Odoo has one product, three departments, and 400,000 lines of code
“We only have one product. One way to deliver the service. Only three big departments. All our companies everywhere operate the same way. Our product is only 400,000 lines of code”
Fabien Pinckaers Feb 12, 2025 ▶ 49:21 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 positive
Insight
Sales efficiency doubles after three to five years of experience
“For every job, like, take a salesperson. His first two years, he will sell X. When he has three, four, five years experience, he will sell double. If you keep them only three years, you will have way less efficiency than if you keep them five, six, seven years…”
Fabien Pinckaers Feb 12, 2025 ▶ 39:19 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 negative
Opinion
Burning more money on marketing would not help Odoo much
“I couldn't burn much more in marketing, but I don't think it would help a lot.”
Fabien Pinckaers Feb 12, 2025 ▶ 44:24 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 negative
Disclosure
Odoo lost a year of growth from a flawed pricing change
“And one of the worst decisions I did is one of these price change, we probably lost one year of growth because when you work with partners, if it doesn't work, then it takes time to rebuild the trust and everything.”
Fabien Pinckaers Feb 12, 2025 ▶ 12:40 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Assertion Not checkable as stated
Pinckaers' student art marketplace sold more items monthly than eBay Belgium
“Yeah, I was selling more objects than eBay.be. So, 15,000 art per month at the time. I was working with auction houses, antique dealers, art market, art place. And I started to be big, one of the biggest of Belgium actually.”
Fabien Pinckaers Feb 12, 2025 ▶ 2:40 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 bullish
Prediction Not checkable as stated
Management software will commoditize into standardized horizontal tools across industries
“And I think as part of, for my vision is to commoditize the management software market. When you see that as a commoditization, I think everybody will use the same CRM, the same accounting, the same website builder. It doesn't have to be dedicated to one indus…”
Fabien Pinckaers Feb 12, 2025 ▶ 18:24 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 positive
Assertion Not checkable as stated
Odoo generates sufficient cash to hire as fast as possible
“We get so much cash that I can spend it. I'm trying to recruit as fast as I can, and I have enough.”
Fabien Pinckaers Feb 12, 2025 ▶ 44:13 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 negative
Assertion Not checkable as stated
SAP failed in the small and mid-sized business market
“On small and mid-sized, they failed. On the large companies, they are still the main option.”
Fabien Pinckaers Feb 12, 2025 ▶ 47:00 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Insight
Software maturity makes product quality matter more than vertical customization
“So we think, I think that as these applications get mature pretty much all the CRM, they look the same today. So it's not so much about CRM for that business or that business, they are the same. So it's more about the quality of your product now rather than ho…”
Fabien Pinckaers Feb 12, 2025 ▶ 18:04 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 negative
Opinion
Tech CEOs waste time on external networking over operational needs
“I think a lot of CEOs are not right. If you look at the agenda, They are constantly meeting people, going to have a coffee with someone, and, or going to events, and I think the company needs them more than the external people.”
Fabien Pinckaers Feb 12, 2025 ▶ 31:40 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 negative
Opinion
Executive committee and team leaders matter far more than board
“For me, the executive committee and the team leaders I'm working with are way more important than the board, and I shouldn't say that.”
Fabien Pinckaers Feb 12, 2025 ▶ 1:09:22 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 positive
Insight
IQ tests are the second best predictor of job performance
“One thing I noticed is that we also do an IQ test, and it's the second best predictive KPI on the performance of the person.”
Fabien Pinckaers Feb 12, 2025 ▶ 26:04 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 positive
Insight
Scaling is easier by training young talent than hiring VPs
“I think it's easier to scale when you don't need to get the top people. I mean, you just recruit young people, a lot of them, and train them and make them evolve. It's easier than always looking at the best VP of X, the best managers of X.”
Fabien Pinckaers Feb 12, 2025 ▶ 25:23 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Insight
Success in business requires complete obsession, says Odoo CEO
“You have to be obsessed. I don't think you can succeed if you are not obsessed.”
Fabien Pinckaers Feb 12, 2025 ▶ 1:07:43 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 negative
Opinion
SAP and Microsoft enterprise software is shitty, slow, and expensive
“On the market, you have two types of market. You have the large players, like SAP and Microsoft. They do several applications, but it's shitty, it's slow, it's expensive. And people are not happy using it.”
Fabien Pinckaers Feb 12, 2025 ▶ 40:41 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Disclosure
Service revenue accounts for only 18% of Odoo's business
“As a software vendor, the thing I want to do is to lower the service as much as I can. I'm not interested in service revenues. It's only 18% of our revenues.”
Fabien Pinckaers Feb 12, 2025 ▶ 1:00:46 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Disclosure
Billionaire Odoo CEO does not own a house
“You know, I have a very small car, I don't have a house, I live in the house of my wife.”
Fabien Pinckaers Feb 12, 2025 ▶ 1:12:50 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 bullish
Disclosure
Odoo executives took out loans to purchase shares every funding round
“Every round we were buying shares. And to the point where we get a big loan because we don't have money. We are just simple personnel, so we get a big loan just to acquire shares and at every round.”
Fabien Pinckaers Feb 12, 2025 ▶ 51:59 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Insight
Management layers create a constant dark force toward company complexity
“When you start to have managers and managers of managers and team leaders, they all want to do something. They all have ideas and the complexity is that there is like a dark force that push everyone to complexify the company. And to keep your company simple, y…”
Fabien Pinckaers Feb 12, 2025 ▶ 49:53 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 bullish
Prediction Not checkable as stated
Odoo reaches $100B by maintaining 50% annual growth and culture
“Continue doing what we do today. Growing 50%. Not defocusing, innovating year after year with the same pace growing the company 50% per year while keeping the culture.”
Fabien Pinckaers Feb 12, 2025 ▶ 59:50 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Disclosure
Fabien Pinckaers relocated to India for a year to fix regional growth
“I was one year in India last, this year. Because the company was not growing enough, so I relocated myself for one year.”
Fabien Pinckaers Feb 12, 2025 ▶ 32:20 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025
Disclosure
Fabien Pinckaers serves as Head of Marketing and CPO at Odoo
“But I'm also working, I'm the head of marketing. I'm also working a lot with other departments, service departments, so I'm doing a lot of things.”
Fabien Pinckaers Feb 12, 2025 ▶ 59:22 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 neutral
Insight
Good product UX is often more efficient than AI agents
“So in a lot of ways, UX having a very, very good product is more efficient than AI, but there are also a lot of use cases where AI is good.”
Fabien Pinckaers Feb 12, 2025 ▶ 57:05 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 neutral
Assertion Not checkable as stated
Over 90% of Odoo dismissals stem from competency, not culture fit
“It's always competencies. For me it's always you will succeed or you will never, but it's always, for us, 90, probably more than 90% of the people we dismiss, it's always competencies.”
Fabien Pinckaers Feb 12, 2025 ▶ 28:45 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
Feb 12, 2025 positive
Assertion Not checkable as stated
Odoo AI reaches 98.5% accuracy on invoice recognition, outperforming humans
“For instance, in accounting, it transforms the market. We have no 98 per five percent recognition on invoice and bills and everything. Which is better than the humans, and that transformed the market.”
Fabien Pinckaers Feb 12, 2025 ▶ 57:15 Fabien Pinckaers, CEO @Odoo: The Billionaire Founder Who Doesn’t Care About Money | E1259 · 20VC with Harry Stebbings
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