Boduch: Investor forced Pendo founders to abandon equal 25% equity splits
Eric Boduch · Pendo Shares Board Deck Slides, Breaks $200m Revenue, Lessons with Co-Founder Eric Boduch · Nov 5, 2024 · at 11:17
Pendo co-founder Eric Boduch explains how founding equity was distributed among the four co-founders prior to scaling to over $200M ARR.
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“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.”
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