Description
This week on How To Win: Vinay Patankar of Process Street, a workflow management software company. You'll hear why they didn't monetize for the first 2 years, how going upmarket increased retention and revenue, and why they focused the product on specific use cases.
Key Points:01:15 Identifying market need from personal frustration03:00 Deciding not to monetize for 2 years to optimize fundraising06:15 Recognizing larger customers have higher retention and expansion07:00 Transitioning from SMB to mid-market and enterprise14:30 Having over 50% of revenue from inbound channels15:00 Needing specialized use cases to differentiate amid competition19:00 Advising founders to get very clear on product and go-to-market strategy
Mentioned:
Process Streethttps://www.process.st/
Vinay Patankar's Linkedinhttps://www.linkedin.com/in/vinaypatankar
Vinay Patankar on Xhttps://twitter.com/vinayp10?lang=en
My Links:
Twitter
LinkedIn
Website
Wynter
Speero
CXL
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