PeopleStrong

17 statements across 1 episodes · 7 bullish · 2 bearish · 1 people on the record · first statement Jul 15, 2019 by Pankaj Bansal · said 15 times in 1 episodes since 2019 · across every show →

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brought up most by Siddhartha Ahluwalia (13), Pankaj Bansal (2)

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Everything said about PeopleStrong, oldest first

Jul 15, 2019 positive
Insight
Bansal: Devolving Power to Next-Level Leaders Is the Biggest Scale-Up Factor
“So whatever decisions I was taking, I downloaded 50% of them to my next layer. And similarly, it happens across the country, which is the biggest factor for scale-up, I believe.”
Pankaj Bansal Jul 15, 2019 ▶ 13:25 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 positive
Insight
Bansal: Founders Learn Best by Hiring Smarter, More Senior Talent
“The best way to learn is hire people who are smarter and senior than you. Even if it's a higher salary, I have done that. It works very well because you end up learning with them.”
Pankaj Bansal Jul 15, 2019 ▶ 30:42 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 positive
What-if
Bansal: PeopleStrong Would Have Died Without Shutting Down Failed Services
“We shut down Twice our services which are not working out. They were very painful they were big mistakes, but I'm proud that we did that, because if we wouldn't have done it we would have got killed.”
Pankaj Bansal Jul 15, 2019 ▶ 18:20 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019
Assertion Not checkable as stated
Bansal: PeopleStrong Averages Signing One New Enterprise Customer Per Week
“In terms of signing up customers, we are signing about one customer a week.”
Pankaj Bansal Jul 15, 2019 ▶ 6:34 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 bullish
Prediction Held up
Bansal: PeopleStrong Will Expand to 14 HR Products by March
“We have nine products, which is constantly evolving. So by March, we will have almost 14 products within HR.”
Pankaj Bansal Jul 15, 2019 ▶ 6:19 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019
Insight
Bansal: Introducing Systems Too Early Kills Agility; Delaying Them Destroys Scale
“If you hire or build in systems too early, you take away the birthright of a company, but if you delay the systems too long, you take away the destiny.”
Pankaj Bansal Jul 15, 2019 ▶ 9:39 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 neutral
Insight
Bansal: Founders Must Decisively Cut Underperforming Products and Toxic Relationships
“I have learned, you need to know when to kill a product. You need to know when to part ways with a person. It can be an employee. It can be an investor. It can be a friend. Because those are the toughest things or toughest decisions because you're attached to …”
Pankaj Bansal Jul 15, 2019 ▶ 10:42 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019
Assertion Not checkable as stated
Bansal: PeopleStrong Employs 1,200 People Across Its Organization
“So we are a 1200 people organization.”
Pankaj Bansal Jul 15, 2019 ▶ 6:04 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 negative
Disclosure
Bansal: Doubting Their Ability to Scale in 2009 Cost PeopleStrong Dearly
“In 2009, Shelly and I thought we can't scale up. We need to get people who can scale it up. So that was a very, very stupid thinking. We just thought that, okay, we've never built a large enterprise. So how will we do that? That was a very stupid thought that …”
Pankaj Bansal Jul 15, 2019 ▶ 19:54 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019
Assertion Not checkable as stated
Bansal: PeopleStrong Has Crossed a $100 Million Order Book Milestone
“We, we've crossed hundred million dollars order book, which will be probably largest for any company in India in HR, HR technology space.”
Pankaj Bansal Jul 15, 2019 ▶ 6:26 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 negative
Insight
Bansal: Emotional Attachment to Team Members Is an Entrepreneur's Worst Mistake
“Breaking up with people or parting ways at the right time because I took much longer because I was attached. It's the worst thing that an entrepreneur can do to an enterprise or to a team if you become attached to it.”
Pankaj Bansal Jul 15, 2019 ▶ 16:54 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019
Assertion Not checkable as stated
Bansal: PeopleStrong Serves Approximately 175 Enterprise Customers
“We have about 175 customers.”
Pankaj Bansal Jul 15, 2019 ▶ 6:16 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019
Disclosure
Bansal: PeopleStrong Ended Custom Client Work to Shift to SaaS
“We had to shift the whole business to SAS. It was very painful because we had people for a long time at people strong. So to help them to convert, sometimes I had to become hard. Sometimes my colleagues, my co-founders have to, Become extremely hard to tell pe…”
Pankaj Bansal Jul 15, 2019 ▶ 11:05 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 positive
Insight
Bansal: Admitting Vulnerability Brings Investors' Long-Term Support Despite Initial Anxiety
“Investors may for one month feel a little jittery, but eventually they will stand with you and they will guide you. They've been there. They've seen that.”
Pankaj Bansal Jul 15, 2019 ▶ 19:13 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 neutral
Assertion Supported
Bansal: In 2004, the US Had 30 Listed HR Companies; India None
“We took trip to US and saw 30 illicit companies in human resources. We saw none in India.”
Pankaj Bansal Jul 15, 2019 ▶ 0:41 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 bullish
Opinion
Bansal: Every Startup Should Raise External Funding Rather Than Bootstrap
“I believe that everyone should raise funding. And my simple reason for that, because you cannot run factories on cashflow you will compromise growth, which is very, very important. So you must do it. And number three, you cannot really attract good teams. If y…”
Pankaj Bansal Jul 15, 2019 ▶ 16:07 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Jul 15, 2019 positive
Disclosure
Bansal: PeopleStrong Onboards Senior Hires by Reviewing Near-Death Company Failures
“Third thing that I do with them is I talk to them a lot about our failures and the points where we almost failed and shut down the company.”
Pankaj Bansal Jul 15, 2019 ▶ 25:54 100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
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