HubSpot designates all 7,000 employees as legal insiders to maintain financial transparency
Dharmesh Shah · Zigging vs. zagging: How HubSpot built a $30B company | Dharmesh Shah (co-founder/CTO) · Apr 4, 2024 · at 26:39
Dharmesh Shah, co-founder and CTO of HubSpot, explains how the company preserved radical internal data sharing after its IPO by making every employee a designated corporate insider.
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“What we ended up doing literally the day we went public is we designated every single employee to be a designated insider. So that allowed us to maintain the transparency thing, because there was no rule that said you could only have five, six, 10, and it was hundreds of people. And we did not make it optional. We didn't say, oh, because there are downsides to being an insider. There's windows within which you can't trade. There's stuff. But we're like, okay, well, we believe in transparency. Everyone's going to have access to it. And it's not an opt-in kind of thing. You're like, you're, this is it. We're all in it together. And it's been all, and we still do this to this day, right? Even at 7000 people everybody's insider. So, so we can still share all the financials with everyone all the time.”
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