Mehul Patel

8 statements across 1 episodes · 5 bullish · 2 bearish · 1 people on the record · first statement Apr 20, 2020 by Mehul Patel · across every show →

On the record as a speaker too: Mehul Patel's record, appearances and statements → this page counts the times other people say the name.

Everything said about Mehul Patel, oldest first

Apr 20, 2020 positive
Insight
Patel: Lower marginal transaction costs in SaaS marketplaces drive better data flywheels
“The power for the marketplace in that is as marginal cost goes down, usage goes up, they get more data, they understand preferences better. Once you understand preferences better, you can match and make recommendations better.”
Mehul Patel Apr 20, 2020 ▶ 3:16 Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue
Apr 20, 2020 positive
Disclosure
Patel: First Executive Hired in Hired's Pivot Was Head of People
“The first executive I hired when we went through this transformation was a head of people.”
Mehul Patel Apr 20, 2020 ▶ 10:38 Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue
Apr 20, 2020 negative
Insight
Patel: Relying on policies instead of values kills early-stage innovative culture
“When you don't have alignment around values, you have to find that alignment in different ways, and the way you do that often is policies and procedures. Policies and procedures kill an organization at this stage, right? If you're going to lose the most innova…”
Mehul Patel Apr 20, 2020 ▶ 8:38 Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue
Apr 20, 2020 positive
Insight
Patel: Delivering incremental feature requests builds trust for long-term product vision
“What we found, the nuance on that was because we hadn't done SAS before our customers didn't really believe we could develop the car and deliver it to them. The car for us is the end-to-end talent platform. So we needed to deliver some faster horse features, i…”
Mehul Patel Apr 20, 2020 ▶ 21:31 Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue
Apr 20, 2020 negative
Insight
Patel: Early-Stage Transformations Need Scrappy Builders Over Big-Company Executives
“We made a mistake of going too senior in certain instances. We needed people who knew how to be scrappy and how to build, not people who had done this at a very, very large company at least in the early stages.”
Mehul Patel Apr 20, 2020 ▶ 9:49 Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue
Apr 20, 2020 positive
Assertion Not checkable as stated
Patel: Hired shifted from transactional to SaaS while sustaining 100% YoY growth
“That's a massive, massive change to go from a transactional business in the tens of millions growing a hundred percent year over year to a subscription business that's delivering value now over the long term that's also growing a hundred percent year over year…”
Mehul Patel Apr 20, 2020 ▶ 6:49 Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue
Apr 20, 2020 positive
Insight
Patel: Hire leaders two steps ahead, not seven, to avoid cultural rejection
“The way we thought about it is we wanted someone two steps forward for what the future looked like, but not seven. So they could pull the org with them.”
Mehul Patel Apr 20, 2020 ▶ 10:16 Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue
Apr 20, 2020
Disclosure
Patel: Customers prompted Hired's shift to subscription pricing
“It was our customers who told us to move to subscription, right? They came to us and said, it doesn't make sense for us to pay a high cost each time. That, that chills my users from using you more. Let's set up a longer term relationship. Pay you a fixed price…”
Mehul Patel Apr 20, 2020 ▶ 25:21 Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue
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