EP 95: Tooey Courtemanche (CEO, Procore) Everything This Veteran CEO Would Tell Founders After Building To $11B

Tooey Courtemanche has been the CEO of Procore for over two decades, bringing the company from $0 to over $1B ARR and a $11B+ valuation today. In my latest episode, we explore how Tooey built the #1 Construction Management Software company, including his strategies for maintaining a talented team, his mindsets for tough times, lessons from mentors like Satya Nadella, Tooey’s advice for founders, and much more.(00:00) Intro(01:22) Valuation and Investor Relationships: A Founder's Perspective(04:57) Procore Explained: Revolutionizing Construction Management(06:07) The Early Struggles and Breakthroughs of Procore(06:40) Surviving the Global Financial Crisis and Pivoting to Success(17:53) Cultural Shifts and the Importance of Hiring Right(31:26) The Power of Being a Platform: Procore's Technical Edge(33:42) The Unconventional Path to Success(34:19) Navigating Early Business Challenges(35:31) The Power of Partnership and Mentorship(36:14) Securing Investment and Scaling the Business(38:12) Leadership and Organizational Growth(41:40) Evolving with the Business: A Founder's Journey(45:43) Maintaining Employee Engagement and Motivation(49:07) Strategic Capital Allocation and Product Innovation(53:53) Expanding Internationally: Lessons and Strategies(56:14) Decision-Making and Leadership Style(58:03) Balancing Growth and Profitability(01:01:30) Advice for Aspiring Entrepreneurs(01:05:37) Rethinking Education and Career Paths(01:11:56) Reflecting on Societal Transformation(01:13:11) From Encyclopedias to AI(01:13:56) AI's Impact on the Construction Industry(01:17:13) Personal Journey: From Carpentry to Tech Entrepreneur(01:19:45) The Genesis of Procore: Merging Construction and Technology(01:26:11) Mentoring Entrepreneurs(01:31:47) The Therapeutic World of Lego Building(01:38:16) Lessons from Lego Executive Producer: Rashad AssirProducer: Leah ClapperMixing and editing: Justin Hrabovsky Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA 🎙 Listen to the show Apple Podcasts: https://podcasts.apple.com/us/podcast/the-logan-bartlett-show/id1606770839Spotify: https://open.spotify.com/show/5WqBqDb4br3LlyVrdqOYYb?si=3076e6c1b5c94d63&nd=1Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9zb0hJZkhWbg 🎥 Subscribe on YouTube: https://www.youtube.com/channel/UCugS0jD5IAdoqzjaNYzns7w?sub_confirmation=1 Follow on Socials 📸 Instagram - https://www.instagram.com/theloganbartlettshow🐦 Twitter - https://twitter.com/loganbartshow🎬 Clips on TikTok - https://www.tiktok.com/@theloganbartlettshow About the Show Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.