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Published · transcript-backed

Lenny Rachitsky: belief

5 Oct 2023 Lenny's Podcast Brian Balfour: 10 lessons on career, growth, and life

“I think a lot of people dislike all these companies investing in all these new ideas and random things, when that's really how you build another business line or you find and unlock for growth.”

— Lenny Rachitsky

Source trail

Everything needed to verify it.

Speaker
Lenny Rachitsky
Attribution
Verified speaker
Claim type
belief
Recorded
5 Oct 2023
Publisher
Lenny's Podcast

Transcript context

…I was going to say- [inaudible 00:33:06] really normal. I think a lot of people dislike all these companies investing in all these new ideas and random things, when that's really how you build another business line or you find and unlock for growth. That's pretty normal. Totally. When we went from one product to multi-product at HubSpot, we seeded multiple bets at once. And only a couple of them ended up making it through the filter, which ended up being the CRM and the sales tool as part of that. And then there was projects we ended up killing and unwinding as part of that. But the key about each of those bets was that we seeded each of those bets with a very limited amount of funding in a very small team. There was still the constraints involved. And I think where the mistake ends up happening is you kind of have this thing that's working but not really. And because you've got all these other people sitting on the sidelines or this cash sitting on the sidelines, you end up piling that stuff in there. And when you tend to add those things to stuff that are only kind of working, it gets worse, it doesn't get better. And that ends up creating a lot of issues.…

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