Procore, every mention

Tooey Courtemanche: From Construction Worker to Billionaire CEO | E1090 · 20VC with Harry Stebbings Dec 4, 2023 · 62 mentions

• ▶ 0:04 Tooey Courtemanche You know, if you were to invest in Procore in two, the internet was not at the job site.
• ▶ 0:35 Harry Stebbings I've been a fan of the Procore business from afar for a while, so I'm very excited, and thank you for joining me. 6 times in the scene
• ▶ 5:56 Tooey Courtemanche And the other thing is, is that clearly Procore didn't work for years, right?
• ▶ 8:39 Tooey Courtemanche You know, some founders, Steve Zahn, my co-founder, he had a company who took public before Procore.
• ▶ 12:03 Tooey Courtemanche You know, if you were to invest in Procore in 2002, we didn't even take, I didn't even take our first friends and family until 2004, but if you were to invest then, you would have had to believe the internet. 5 times in the scene
• ▶ 17:27 Tooey Courtemanche Put two engineers on it and just ship a piece of software that had nothing to do with Procore for them, just to keep the lights on.
• ▶ 19:43 Tooey Courtemanche Analyst, and we were pitching them on Procore, and literally the guy said to me, he goes, look, this is really an interesting idea, and there's probably some opportunity here, but if you did it more like Facebook, we would be invested, we…
• ▶ 22:07 Tooey Courtemanche So Bessemer, I don't know if Brian told you this, but Bessemer had an investment thesis on Procore that they, of course, they don't tell the company about. 5 times in the scene
• ▶ 26:56 Harry Stebbings So it's really interesting, you said there about focus, I, I chatted, and sorry, this wasn't in the schedule because I actually just heard it from Will and Brian, so recent additions, but I, I heard about kind of the dozen products that we…
• ▶ 31:15 Tooey Courtemanche And every day in Procore's history, I had never been the CEO of a company of that scale before, right?
• ▶ 35:15 Tooey Courtemanche And, you know, as one customer would adopt it, they would actually realize that it gives them the flexibility to buy more or less a Procore at any given time, yet they're able to get all of their team members and their collaborators. 2 times in the scene
• ▶ 36:02 Harry Stebbings You know, Procore today is a close to nine billion dollar public company. 3 times in the scene
• ▶ 42:11 Tooey Courtemanche The way people approach me is, seems to be, um, they're curious about, like, kind of, like, what my day, day-to-day job is like, so that, at the Instagram side of things, like, you must have it so easy, like, it's, you know, you're a nine… 4 times in the scene
• ▶ 44:21 Tooey Courtemanche So, if you go through the interview process at Procore, you may think you're being interviewed for your skill set, but ultimately, to get into the interview process, you've already had to demonstrate that you have the skill set to do the… 2 times in the scene
• ▶ 46:40 Tooey Courtemanche And at our scale, Harry, you, there's no longer a superhero at Procore who's going to move the needle, right? 2 times in the scene
• ▶ 47:59 Tooey Courtemanche You know, the inverse, which is really interesting, is at Procore, people will come to us and say, 2 times in the scene
• ▶ 51:45 Tooey Courtemanche You, you, with all empathy in the world, you walk them out the door, and you help them find another job somewhere else, and I'm very fortunate that a lot of the people that have, we call it graduated, but graduated from Procore, have moved…
• ▶ 52:33 Tooey Courtemanche So as we had grown Procore
• ▶ 57:35 Tooey Courtemanche A lot of opportunity for Procore, but really being judicious about how you, how you allocate capital.
• ▶ 1:00:14 Tooey Courtemanche Yeah, I, um, I had a very recent experience with, ah, with a group of leaders at Procore who all got together, and it was a cocktail reception, and I was walking around, and, um,
• ▶ 1:04:47 Harry Stebbings Procore is 21. 3 times in the scene
• ▶ 1:08:05 Tooey Courtemanche Allows me to stop thinking about Procore for a finite period of time and allows me to kind of clear my brain.
• ▶ 1:09:48 Tooey Courtemanche You would be, you would be surprised to know that I think Hillary has probably attended less than 10 Procore events in 21 years. 6 times in the scene
• ▶ 1:13:06 Tooey Courtemanche I have to really be careful of how I answer this question because I have a lot of younger folks that work at Procore.
• ▶ 1:15:25 Harry Stebbings What percent, if you were to allocate percent versus skill to the success of Procore, what would you say it is out of a hundred? 3 times in the scene
• ▶ 1:17:30 Tooey Courtemanche So I went over and I bought 10 Procore hats, uh, and I brought them back to the booth, and it cost a hundred dollars. 2 times in the scene
• ▶ 1:18:34 Tooey Courtemanche Like, I always think Procore is complicated. 2 times in the scene
• ▶ 1:21:47 Tooey Courtemanche Tackle something, and I swear Procore would not be where we are today if I didn't think about that every moment of my life.
• ▶ 1:24:14 Tooey Courtemanche So I'm still only 56 years old, so let's, let's assume, let's assume they haven't put me out the pasture yet here at Procore, but I would say at that point, you know, I am probably getting ready to think about retirement.