Pendo

49 statements across 7 episodes · 26 bullish · 1 bearish · 5 people on the record · first statement Mar 30, 2017 by Todd Olson · said 140 times in 29 episodes since 2017 · across every show →

Mentions by year

brought up most by Nathan Latka (106), Todd Olson (11), Eric Boduch (10), Rajesh Jain (3), Matt Ford (2), Steve Pockross (1), Massimo Arrigoni (1), Mahir Iskender (1)

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081520172018201920202021202220232024episodes it came up in
00107.5201520172018201920202021202220232024episodesmentions per episode
2024 25 mentions in 3 episodes 8 per episode
2023 1 mention in 1 episode
2022 26 mentions in 11 episodes 2 per episode
2021 16 mentions in 5 episodes 3 per episode
2020 2 mentions in 1 episode
2019 2 mentions in 1 episode
2018 48 mentions in 3 episodes 16 per episode
2017 20 mentions in 4 episodes 5 per episode

every mention, scene by scene, with the transcript →

Everything said about Pendo, oldest first

Mar 30, 2017 positive
Insight
Fast feature adoption directly drives conversion and customer lifetime value
“Every product has a key set of features that, you know, if people get to those fast, they're more likely to either convert to a paying customer and or stay a happy customer and ultimately renew and generate a ton of lifetime value.”
Todd Olson Mar 30, 2017 ▶ 5:26 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017 neutral
Opinion
How Pendo positions its in-app messaging against Intercom
“I think intercoms focuses more around being a next generation communication platform. Think of our in-app messaging more like campaigns, like let's launch a campaign to do guided tour when you log in. So onboarding, new feature announcements, those sorts of th…”
Todd Olson Mar 30, 2017 ▶ 3:35 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017 neutral
Assertion Not checkable as stated
Pendo generated zero revenue during its first two years
“Zero year one, zero year two, and then we started making some the next.”
Todd Olson Mar 30, 2017 ▶ 6:35 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017 positive
Assertion Not checkable as stated
Pendo's CAC payback period is approximately 12 months
“Our CAC payback is right around 12 months.”
Todd Olson Mar 30, 2017 ▶ 15:05 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017
Assertion Not checkable as stated
Pendo's average customer pays over $2,000 per month
“Average amount customers paying us per month is over 2000 dollars a month.”
Todd Olson Mar 30, 2017 ▶ 9:44 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017
Disclosure
Pendo has raised $31 million in total funding
“Thirty-one million.”
Todd Olson Mar 30, 2017 ▶ 8:17 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017 bullish
Assertion Not checkable as stated
Pendo achieves net negative churn with net retention over 130%
“We have net negative. Oh, absolutely. Yeah. Yeah. Our net numbers are in the one 40 range. So north of one 30.”
Todd Olson Mar 30, 2017 ▶ 13:35 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017 positive
Disclosure
Pendo expands primarily by adding products rather than seats
“So we typically land on a single product and we expand when they put us on another product. So take a company like an Infor, you know, we may start with a couple of products, then the product management products will go to their peers and say, Hey, check this …”
Todd Olson Mar 30, 2017 ▶ 10:21 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017
Assertion Supported
Pendo has over 200 customers as of Q1 2017
“We are working with a little over 200.”
Todd Olson Mar 30, 2017 ▶ 12:29 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017 positive
Assertion Not checkable as stated
Pendo maintains an annual revenue churn rate under five percent
“I mean, churn as a percentage is as a percentage of overall revenue is very, very small under five percent.”
Todd Olson Mar 30, 2017 ▶ 13:14 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017
Assertion Supported
Optimizely uses Pendo to analyze and guide trial onboarding
“I think a good example of someone who's using a company people have heard of is Optimizely. Optimizely uses us to one, understand people who are in their trial flow and onboarding flow to help get up and running, start creating experiments. Their team can get …”
Todd Olson Mar 30, 2017 ▶ 2:59 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
Mar 30, 2017
Disclosure
Pendo employs 76 people, primarily in the Research Triangle
“76 people.”
Todd Olson Mar 30, 2017 ▶ 8:27 EP 614: Pendo Raises $31M Helping 200 Customers With In App Messaging To Drive Usage with CEO Todd Olson
May 19, 2018 bullish
Assertion Not checkable as stated
Olson: Pendo maintains a net retention rate above 150%
“We still carry a very high net retention rate. North of one 50, so .”
Todd Olson May 19, 2018 ▶ 5:01 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
May 19, 2018 neutral
Disclosure
Olson: Pendo's CAC payback period exceeds 12 months
“More than 12. Yeah, I think it is. I mean, it, We should be under 12. But I think a little more than 12 is fine for the stage. Growing in our growth rates, I think it's fine.”
Todd Olson May 19, 2018 ▶ 6:57 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
May 19, 2018 positive
Assertion Not checkable as stated
Olson: Pendo headcount has reached 163 employees
“Well, we're a 163 employees today.”
Todd Olson May 19, 2018 ▶ 1:25 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
May 19, 2018 bullish
Assertion Not checkable as stated
Pendo's top 20 customers now each generate over $100,000 ARR
“So now if you look at our top 20 customers, It's all north of a 100,000 dollars in ARR and above, right? And that's complete change from a year ago this time where we probably had two or three.”
Todd Olson May 19, 2018 ▶ 3:08 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
May 19, 2018 bullish
Assertion Not checkable as stated
Olson: Pendo generates nearly $1.2 million in monthly revenue
“So we're nearly triple that.”
Todd Olson May 19, 2018 ▶ 1:52 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
May 19, 2018 positive
Assertion Not checkable as stated
Olson: Pendo has expanded to well over 400 customers
“Yeah, yeah, we're well over 400 customers. Our average revenue per customer has increased significantly since then as well. We've kind of moved up the market, selling larger deals to larger companies, but yeah, well over 400 customers now.”
Todd Olson May 19, 2018 ▶ 2:10 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
May 19, 2018 positive
Assertion Supported
Olson: Pendo has raised $56 million in total funding
“We've raised now forty-five million dollars. No, 56, actually, in total.”
Todd Olson May 19, 2018 ▶ 1:30 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
May 19, 2018 neutral
Disclosure
Pendo's minimum annual contract size has increased to $18,000
“Our minimum price point now is 18,000 dollars annual.”
Todd Olson May 19, 2018 ▶ 15:14 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
May 19, 2018 positive
Assertion Not checkable as stated
Olson: Pendo's annual gross logo churn is under 10%
“It is under 10% annually now.”
Todd Olson May 19, 2018 ▶ 15:12 1029 The Right Way to 18x Your Price Point With $1.2m MRR Pendo CEO
Aug 13, 2018
Disclosure
Olson: Pendo's customer success has ~24 people, sales is double
“Well, support and success are part of the broader customer success organization, so that organization is probably two dozen people, and, you know, it's sales is about double that.”
Todd Olson Aug 13, 2018 ▶ 5:02 1115 How Pendo CEO Uses War Chest to Acquire Companies, Integrate
Aug 13, 2018 neutral
Opinion
Olson: Pendo and Intercom don't compete; Intercom targets Zendesk
“I see them trying to disrupt the support tools like Zendesk and Freshdesk more so than attacking Pendo. So I think there's plenty of room in the market for Intercom and Pendo to coexist. So I don't actually see them as competitive at all.”
Todd Olson Aug 13, 2018 ▶ 7:30 1115 How Pendo CEO Uses War Chest to Acquire Companies, Integrate
Aug 13, 2018 neutral
Assertion Not checkable as stated
Olson: WalkMe is Pendo's most frequent competitor in deals
“Yeah, I think the company we see most frequently in deals is a company called WalkMe.”
Todd Olson Aug 13, 2018 ▶ 7:46 1115 How Pendo CEO Uses War Chest to Acquire Companies, Integrate
Aug 13, 2018
Disclosure
Olson: Pendo has 168 total employees, with five in support
“168. We have about five in support.”
Todd Olson Aug 13, 2018 ▶ 4:56 1115 How Pendo CEO Uses War Chest to Acquire Companies, Integrate
Aug 13, 2018 positive
Assertion Not checkable as stated
Olson: Pendo is typically the premium-priced product in its space
“But our prices are typically higher. So we typically are the premium product in our space. And it's because we actually have a broader platform.”
Todd Olson Aug 13, 2018 ▶ 8:58 1115 How Pendo CEO Uses War Chest to Acquire Companies, Integrate
Aug 13, 2018
Assertion Not checkable as stated
Olson: Pendo carries 98-99% CSAT with zero-negative weeks
“We carry a 98, 99% CSAT. We, you know, we've gone The last seven days, we haven't set a single negative response. So and on multiple seven day periods, we average that. So across weeks, I mean, not a single negative interaction.”
Todd Olson Aug 13, 2018 ▶ 4:27 1115 How Pendo CEO Uses War Chest to Acquire Companies, Integrate
Apr 5, 2020 positive
Disclosure
Ford: Prism FM uses Pendo granular click tracking to prevent customer churn
“Pendo allows us to track our customer data like, see who's clicking into what, and that's giving us really key insight right now about, like, who's falling off the map that, you know, lets us be proactive and make calls and it's so detailed that we can look in…”
Matt Ford Apr 5, 2020 ▶ 15:59 1716 $60k/mo Live Event SaaS Company Virus Survival Plans
Mar 10, 2022 positive
Insight
SaaS companies mistakenly separate adoption platforms from video academies
“We see that a lot of companies invest a lot of money and efforts in creating what's called digital adoption platforms like WalkMe, Pendo, AppCuse, and others. But it also invest a lot of money and effort in creating content like visual content tutorials is goi…”
Ohad Ronan Mar 10, 2022 ▶ 2:01 This Pendo plus Loom Startup Just Got First Paying Customer, $3m Valuation
Nov 3, 2022 positive
Insight
Olson: Startups must let systems break to know what to fix
“Sometimes things have to break and fall over to actually see what you need to fix.”
Todd Olson Nov 3, 2022 ▶ 28:15 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022 positive
Assertion Not checkable as stated
Olson: Battery invested in Pendo after an Austin CEO recommended it
“We heard about us because an investor, Battery, was here in Austin, and they were meeting with a local company, and the CEO, they asked the CEO Who, who's the interesting company that you use, and that Liz Pinto thing is like pretty good, and it's, they got gr…”
Todd Olson Nov 3, 2022 ▶ 10:51 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022 bullish
Assertion Supported
Olson: Pendo reached $100M ARR while growing over 50%
“Announced that we crossed a hundred million dollars in ARR. Last year, we're growing north of 50%, so you can get a sense of where we are.”
Todd Olson Nov 3, 2022 ▶ 5:49 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022 positive
Assertion Not checkable as stated
Olson: Pendo jumped from a $1.5k deal to $60k ARR
“It was a 60 K deal ARR when our largest deal previous was about 1500 dollars ARR.”
Todd Olson Nov 3, 2022 ▶ 4:48 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022 negative
Insight
Olson: Corporate layers sanitize frontline data shown to top executives
“The fact is you've got a lot of layers, and they all want to look good, and they all care about how they're perceived inside the organization, so if there's a presentation to someone high in an organization, you're gonna get three people's filter on what that …”
Todd Olson Nov 3, 2022 ▶ 25:20 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022
Assertion Not checkable as stated
Olson: Pendo processes over 100 billion events per week
“We now get over a hundred billion a week, and this is when we had a hundred billion cumulatively. This is probably back in that 20 17 range. We have tens of trillions of events now.”
Todd Olson Nov 3, 2022 ▶ 28:25 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022 positive
Disclosure
Olson: Personally interviewed nearly every candidate until Pendo reached 500 employees
“It is a fun fact that I interviewed nearly every person at the company up until 500 employees.”
Todd Olson Nov 3, 2022 ▶ 15:54 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022
Disclosure
Olson: I personally read every Pendo NPS response every morning
“This morning when I woke up, I read every Every single MPS response we got this morning from the last time I looked, which is last night when I got off the plane and got to the hotel”
Todd Olson Nov 3, 2022 ▶ 11:31 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022
Disclosure
Olson: I still monitor Zendesk and work support tickets at Pendo
“Folks, I still am in the Zendesk queue, and actually, even this morning, I was communicating with my VP of support. We're looking at doing a sprint to burn down our backlog, and I volunteered to go into the tickets and burn down the backlog with our support te…”
Todd Olson Nov 3, 2022 ▶ 10:12 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022 bullish
Prediction Not checkable as stated
Olson: Pendo will probably reach nearly $200M ARR by year-end
“We'll probably end the year just under two hundred million ARR, so and we've gone from basically zero to that in under eight years”
Todd Olson Nov 3, 2022 ▶ 5:57 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 3, 2022
Disclosure
Olson: I personally phoned every customer who emailed in early days
“In the early days of the company, I picked up the phone every single time a customer emailed me. Every time.”
Todd Olson Nov 3, 2022 ▶ 9:29 The $100m Pendo Story: The Crazy Not-Scaleable Stuff We Did At Every Stage
Nov 5, 2024 bullish
Opinion
Boduch: Pendo CEO Todd Olson is driving to take the company public
“He's, his, he would love to take it public. He wants to, you know, have another public software company in Raleigh, and he's driving to that point, and the growth is accelerating, and things are great in the business.”
Eric Boduch Nov 5, 2024 ▶ 19:42 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
Nov 5, 2024 neutral
Assertion Supported
Boduch: Pendo's last public valuation was $2.6 billion
“Last valuation that was public, ah, 2.6, I think.”
Eric Boduch Nov 5, 2024 ▶ 18:33 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
Nov 5, 2024 positive
Assertion Supported
Latka: Pendo has surpassed $200 million in annual revenue
“They are now, today, over two hundred million dollars of revenue, so they've more than doubled what this green graph is at, which is really incredible.”
Nathan Latka Nov 5, 2024 ▶ 1:35 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
Nov 5, 2024 neutral
Assertion Not checkable as stated
Boduch: Pendo's win rate against competitor WalkMe once dropped to 50/50
“It was fifty-fifty one quarter, like, and we're like, and before we had won slightly more, now all of a sudden it's fifty-fifty, and we didn't like, I mean, we're super competitive.”
Eric Boduch Nov 5, 2024 ▶ 15:50 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
Nov 5, 2024
Assertion Not checkable as stated
Boduch: Investor forced Pendo founders to abandon equal 25% equity splits
“We had one investor that insisted the CEO needed to own the most. We're actually gonna do 25, 25, 25, 25, and an investor actually caused it to change a little bit.”
Eric Boduch Nov 5, 2024 ▶ 11:17 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
Nov 5, 2024 positive
Insight
Boduch: Companies undervalue product marketing in competitive sales deals
“People undervalue product marketing, like in product marketing, messaging, positioning, go to market enablement ends up being like in deals, right? There's a limited number of deals and you want to win all of them, right? And you're not going to win all of the…”
Eric Boduch Nov 5, 2024 ▶ 14:57 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
Nov 5, 2024 positive
Insight
Boduch: In-app user guidance fails without integrated behavioral analytics
“Combining guidance and analytics is essential, because if you're going to show someone a guide in your product, right, you want to target it to people based upon their behavior. There's no point in showing the guide to everyone, because it, you know, if you do…”
Eric Boduch Nov 5, 2024 ▶ 16:47 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
Nov 5, 2024
Disclosure
Boduch: Pendo's early entry-level pricing was just $99 per month
“Our entry point pricing was 99 dollars a month way back in the day.”
Eric Boduch Nov 5, 2024 ▶ 4:49 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
Nov 5, 2024 positive
Assertion Not checkable as stated
Boduch: Pendo historically generated $32 in pipeline per marketing dollar spent
“We were getting, like, every dollar we were spending, we were getting 32 dollars a pipeline.”
Eric Boduch Nov 5, 2024 ▶ 11:58 Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch
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