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20VC Assertion Supported
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 Kothari Sep 18, 2024 ▶ 4:19 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Supported
Kothari: Notion holds more cash than its total funds raised
“There's more cash in Notions Bank today than the history of its race. So it's like, in some ways, like, we've produced cash. We haven't spent any of it.”
Akshay Kothari Sep 18, 2024 ▶ 0:06 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Not checkable as stated
Kothari: Notion founders personally conducted final interview for first 500 hires
“I think for up to about 500 people, we're about 700 people today, but up to 500 people, the last interview was always with Ivan or myself.”
Akshay Kothari Sep 18, 2024 ▶ 6:44 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Not publicly verifiable
Kothari: Notion employs under 20 product managers and 12 designers total
“I think even if I think about today, like all of Notion, with all the different surfaces we have under 20 product managers, and we have about 12 designers.”
Akshay Kothari Sep 18, 2024 ▶ 7:57 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Not checkable as stated
Kothari: 46% of Notion's business stems from personal use
“We actually did this study recently, and we found that you know, something like 46% of our business in in, you know, it can be attributed back to someone using Notion in their personal life.”
Akshay Kothari Sep 18, 2024 ▶ 17:30 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Supported
Kothari: Notion reached $100 million in ARR around 2022
“So Notion got to about a hundred million in ARR a couple of years ago”
Akshay Kothari Sep 18, 2024 ▶ 25:12 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Partly supported
Kothari: Nvidia CEO Jensen Huang has 40 direct reports and no 1-on-1s
“Jensen has like, 40 direct reports and doesn't do one-on-one.”
Akshay Kothari Sep 18, 2024 ▶ 5:08 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Not checkable as stated
Kothari: Notion became cashflow positive around 2019
“So I think I'll just talk a little bit about notions, very nuanced, but we got there pretty early. I think we got there like five years ago.”
Akshay Kothari Sep 18, 2024 ▶ 19:05 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Supported
Kothari: Notion raised $50M at $2B valuation in early 2020
“So we did we raised fifty million at two billion at the start of COVID like pretty much like a couple of weeks into COVID in 20, 20, 20, 20.”
Akshay Kothari Sep 18, 2024 ▶ 22:32 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Supported
Kothari: Notion raised $270M at a $10B valuation in late 2021
“We raised around two hundred and seventy million at ten billion.”
Akshay Kothari Sep 18, 2024 ▶ 27:31 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Not checkable as stated
Kothari: Few 2021-2022 unicorns can show leaders a path to growing into valuations
“I think it is a challenge for a lot of companies when you can't show them a path. And I think it was a bigger challenge in twenty-twenty-two. I think some companies have been able to sort of like show a path or have gotten there. But I think they're probably m…”
Akshay Kothari Sep 18, 2024 ▶ 31:52 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Supported
Kothari: Most Of Notion Was Built By Just Three Engineers
“When I joined, I think a lot of Notion that you and I play with today was built by just three engineers on the team.”
Akshay Kothari Apr 17, 2020 ▶ 23:26 20VC: 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
20VC Assertion Not checkable as stated
Notion waited until 50 employees to codify four core company values
“After about, I think when we were 50 people, we actually, like, did the exercise of codifying the values. And we have four values. We are owners of a mission, We are pace setters, we are truth seekers, and we are kind and direct.”
Akshay Kothari Sep 18, 2024 ▶ 9:33 Akshay Kothari: How Notion Has More Money Than Ever & Why Startup Fundraising is Broken | E1203 · 20VC with Harry Stebbings
20VC Assertion Contradicted
Kothari: Notion Did Not Launch Its Product For Four Years
“And for many years, I thought I lost all my money in Notion because it hadn't launched a product for, I think, four years. And then when it did in 2017, it took off.”
Akshay Kothari Apr 17, 2020 ▶ 4:42 20VC: 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
20VC Assertion Not checkable as stated
Kothari: A 30-Person Startup Was Using 75 Different Software Tools
“I recently talked to a 30 person startup that was already using 75 different pieces of software to do their work.”
Akshay Kothari Apr 17, 2020 ▶ 14:54 20VC: 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
20VC Assertion Not checkable as stated
Kothari: API Is The Most Requested Notion Feature Across Users
“Interestingly, the number one thing that individual users ask, the personal users ask, And the number one thing that large enterprise asks right now for notion is our API.”
Akshay Kothari Apr 17, 2020 ▶ 16:21 20VC: 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
20VC Assertion Not publicly verifiable
Kothari: Naval Ravikant Wrote Notion's First Angel Check
“I think the exact first one might have been Naval. I think he was the first one who put money in the company and then, but then a lot of other individuals were very close to him.”
Akshay Kothari Apr 17, 2020 ▶ 33:41 20VC: 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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