Invest Like The Best
Episode 156 Go Slow to Go Fast: Software Building and Investing
Invest Like The Best

Episode 156: Go Slow to Go Fast: Software Building and Investing

Invest Like The Best

Episode 156

Go Slow to Go Fast: Software Building and Investing

Chetan Puttagunta is a general partner at Benchmark Capital. We cover how to implement empathy-led software product development, build an effective recruiting pipeline, and operate a remote-friendly culture.

[00:01:34] – (First Question) – How Chetan found MongoDB and decided to invest in it

[00:08:01] – The evolution of databases in the growth of technology

[00:16:19] – Market penetration of this space and what investors should be thinking about

[00:21:46] – Advice how companies can build software effectively

[00:25:12] – Tactics to effectively implement empathy led product building

[00:30:33] – Companies asking users what to build vs telling users what they want

[00:34:26] – The need for the right capital, and patient capital in particular

[00:37:55] – Creating the perfect customer experience

[00:44:37] – Common reasons they don’t invest in a company

[00:48:48] – Lessons on scaling, especially in sales and marketing

[00:52:47] – Best recruiting pipeline strategies

[00:59:56] – Pitfalls of unit economic traps

[01:02:18] – What has changed for Chetan in his time working with the team at Benchmark

[01:06:01] – Later stage life cycle business considerations and Amazon’s AWS

[01:13:29] – Business model of open source software

[01:15:54] – Being default open

[01:17:53] – Kindest thing anyone has done for Chetan

Go Slow to Go Fast: Software Building and Investing

Introduction

Patrick
My guest this week is a good friend and business mentor of mine. Chetan Puttagunta is a general partner at Benchmark Capital and has a remarkable track record of investing in early-stage software businesses including several like Mulesoft, MongoDB, and Elastic that went on to be public companies. Chetan has been my key guide for understanding the world of enterprise software as we at O'Shaughnessy Asset Management have built an investment platform called Canvas. His advice has been critical to our early success in software. In this episode, we explore the history of software and software investing and go into the details on how to build and grow new software businesses. We discuss product, sales and marketing, recruiting, scaling, and everything in between. Please enjoy this great conversation with one of my favorite business and investing thinkers.

Non-consensus and Right

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