The Ledger
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Procore paused financial product development for a year to re-architect
“So we had actually had to stop developing that product at a certain point and go back and re architect it. So it was enterprise grade. And we literally stopped new future development for a year, but we realized that if we weren't going to, if we weren't going …”
Procore doubled its revenue four consecutive times leading up to 2017
“You know, it really started within about a year where we would double, and then double again, and double again. And so it really did, I mean, around 2017, we were rolling.”
Courtemanche took out two mortgages and sold assets to fund payroll
“Myself and Steve's on my co-founder. We had to go without a paycheck, and I'll never forget, Harry, having to go home and tell my wife who by the way, at this point, we had sold everything that we had acquired in life. Like, I had, like, two mortgages on the h…”
Procore offered only one product until 2017
“Up until 2017 we only had one product. It was our project management tool, and it's still our flagship product.”
Procore lost its primary customer base during the 2008 financial crisis
“We were selling our software to mostly custom home builders prior to the great financial crisis. And of course, the very first part of the construction industry that fell apart was the custom home business market. So we basically, our customers all went out of…”