Hastings: Pure Software doubled sales annually for five years despite executive turnover
“And so we had a new head of sales every year, five years in a row, which is chaos in enterprise software. And yet, despite that we doubled sales every year in that time.”
Hastings: Rules introduced to prevent mistakes drive out high-caliber talent
“And then with declining talent density, you need a bunch of rules to protect against the mistakes. And that only further drives out the high caliber people.”
Ramaswamy: Line Between Agentic Systems and Pure Software Will Be Bloody
“But on the other hand, I think the line between what an agentic system like this is going to be and what like pure software is going to be will be absolutely is going to be bloody.”
Hastings: Pure Software doubled sales annually despite yearly sales turnover
“So we had incredible products because we doubled our sales every year despite the fact of turning over the sales team every year.”
Hastings: Pure Software board twice rejected my offer to step down as CEO
“Twice I went to the board of, and said, look, you should hire you know, a CEO who's got a shorthand in sales, and I'll do product, and it's fine, and, you know And both times they rejected that idea”
Pure Software's IPO was the second most successful ever at the time
“Now he had been very successful building company called pure software, which ended up selling and been taken public by Morgan Stanley. And I think was maybe the second most successful IPO of all time. If I'm recalling correctly, a little bit out of my depth th…”
Hastings: Pure Software doubled annually and IPO'd one week before Netscape
“Because then I was able to start a company, it doubled every year, went public, one week before Netscape, actually, and so for one week, we were the big topic.”
Hastings: Managing creative teams like semiconductor yield kills innovation
“You know, at Pure, I was a product guy, and I didn't think much about management, and it didn't turn out very well, so as the company grew, it got more bureaucratic we were obsessed with putting processes in place, because every time there was a mistake, we wa…”
Hastings: Netflix will operate with fewer rules as it grows
“And so that's when I vowed that in starting another company, that at least we wouldn't make that mistake. That as we grew, we would try to have less rules, not more rules.”
Hastings: Software tools companies get acquired; media companies scale independently
“So that company, Pure, was a software tools company. They always get acquired. Media companies can grow to be quite large and independent.”