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“I recently talked to a 30 person startup that was already using 75 different pieces of software to do their work.”
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More from Akshay Kothari
Insight
Kothari: Founder mode only works if the founder is right a lot
“Founder mode is really good if you have a founder who's right a lot. If they're not, God bless that company.”
Akshay KothariSep 18, 2024▶ 0:00Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
AssertionSupported
Notion avoided hiring product ops and researchers early on via feedback automation
“We didn't have to hire as many support people. We did not have to hire a product ops person, and we also did not have research early days. In fact, all of these were given to the engineer directly to be able to tap into that feedback and actually solve that pr…”
Akshay KothariSep 18, 2024▶ 4:19Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
Insight
Kothari: Omitting sales quotas hurt Notion's early growth
“Some of the best salespeople They join because there is a quota, because they can hit a number, because they can outperform that number. And so actually not having that and not having, you know, the attribution really hurt us, I think the first year or two.”
Akshay KothariSep 18, 2024▶ 13:22Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
What-if
Kothari: Reinventing Notion's sales machine cost the company three years
“If I had to do it one function all over again, I would do sales. And the way I would do it is to not try to like overthink it, just do it the way it is run, like a proper sales machine. I think it would have saved three years in that journey.”
Akshay KothariSep 18, 2024▶ 15:53Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
Disclosure
Notion gave up only 2-3% equity and granted zero board seats
“I think there's essentially two to three percent ownership that we gave out. And so, you know, we were able to essentially not give out board seats.”
Akshay KothariSep 18, 2024▶ 36:27Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
Disclosure
Kothari: Notion Was Profitable For Two Years Prior To $50M Raise
“It's allowed as a company to be profitable over the last two years.”
Akshay KothariApr 17, 2020▶ 24:3920VC: Notion's Fundraise with Index: The Most Anticipated Deal in The Valley: How It Came To Be | The Future of Remote Work |How Notion Approach The Balance of Growth and Profitability
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