

Zigging vs. zagging: How HubSpot built a $30B company | Dharmesh Shah (co-founder/CTO)
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About Zigging vs. zagging: How HubSpot built a $30B company | Dharmesh Shah (co-founder/CTO)
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Dharmesh Shah is the co-founder and CTO of HubSpot (currently valued at $30 billion) and one of the most fascinating founders Iâve ever met. Dharmesh is the keeper of HubSpotâs Culture Code, built ChatSpot (an AI chatbot built on top of HubSpot CRM) and a game called WordPlay (which grew to 16 million users), and also founded and writes for OnStartups, a top-ranking startup blog and community with more than 1M members. Heâs also invested in 100+ startups including OpenAI, AngelList, Coinbase, and Dropbox. In our conversation, we discuss: ⢠The biggest lessons he has learned from building HubSpot ⢠The importance of leaning into your strengths ⢠Dharmeshâs data-oriented approach to public speaking ⢠How he developed HubSpotâs culture code ⢠The decision-making process at HubSpot ⢠His contrarian approach to building products ⢠Why founders and product teams are all fighting the second law of thermodynamics ⢠How âflash tagsâ can save your teams time ⢠How to decide what ideas are worth investing in â Brought to you by: ⢠ExploâEmbed customer-facing analytics in your product: https://explo.co/lenny ⢠VantaâAutomate compliance. Simplify security: https://vanta.com/lenny ⢠LinkedIn AdsâReach professionals and drive results for your business: https://www.linkedin.com/podlenny Find the full transcript at: https://www.lennysnewsletter.com/p/lessons-from-30-years-of-building Where to find Dharmesh Shah: ⢠X: https://twitter.com/dharmesh ⢠LinkedIn: https://www.linkedin.com/in/dharmesh/ ⢠Website: https://dharmesh.com/ Where to find Lenny: ⢠Newsletter: https://www.lennysnewsletter.com ⢠X: https://twitter.com/lennysan ⢠LinkedIn: https://www.linkedin.com/in/lennyrachitsky/ In this episode, we cover: (00:00) Dharmeshâs background (04:20) Fun facts about Dharmesh (06:31) His data-oriented approach to public speaking (11:45) Advice for adding humor to your presentations (15:28) Why he has no direct reports (18:46) You can shape the universe to your liking (20:02) Lessons from building HubSpot (23:43) Contrarian ways of running a company (37:26) Fighting the second law of thermodynamics (40:29) The importance of simplicity in running a business (45:22) Succeeding in the SMB market (50:29) Zigging when others are zagging (54:17) When it makes sense to go âwide and deepâ (57:33) Using flashtags to communicate opinions (01:02:44) HubSpotâs decision-making process (01:09:41) Deciding what ideas to invest in (01:15:26) Defining and maintaining company culture (01:30:46) The potential of AI (01:37:03) Practical advice for learning AI (01:40:07) Where to find Dharmesh Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email [email protected]. Lenny may be an investor in the companies discussed.
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