Shah has had zero direct reports across HubSpot's 7,000-employee scale
Dharmesh Shah · Zigging vs. zagging: How HubSpot built a $30B company | Dharmesh Shah (co-founder/CTO) · Apr 4, 2024 · at 4:42
Lenny Rachitsky fact-checks biographical details with HubSpot co-founder and CTO Dharmesh Shah regarding his unusual executive setup.
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“7000 plus employees, exactly zero direct reports from time t equals zero.”
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HubSpot designates all 7,000 employees as legal insiders to maintain financial transparency
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“In software, there's what I call reverse gravity. Over time, the market will always pull you up, right? Because what ends up happening is that smart founders and smart management teams will look at the numbers and say, oh, well, as it turns out, our bigger cus…”
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“Are we in the top three in the market in that category? If the answer is yes, that means we invested too much in that category. We should not be in the top three because our value proposition is not that we want the top three blogging tools or one of the top t…”
Shah: Founders should continuously iterate on company culture rather than preserving it
“And this is the number one mistake I think I'm biased. I think founders make is that they say, oh, we have an awesome culture and my job is to preserve the culture. That is not the job because The needs of your customers change. The needs of the employees chan…”
Shah: Founders overstate the downsides and misery of taking a company public
“I think too many founders you know, once they get to it, they are very apprehensive of going public and going through the IPO process and being a publicly traded company because they're, they think, I mean, that's at the beginning of the end. It's going to lik…”
Shah: HubSpot avoids top-down executive mandates, treating founder interventions as pleas
“We don't have mandates at HubSpot. I have thought about this so much, like to my core in my soul, I believe this is the thing we should be doing. I'm going to plea with you to please just do this. Still not a mandate by the way.”