WhoBuilt

HubSpot CEO and Cofounder Brian Halligan with Wufoo Cofounder Kevin Hale

May 8, 2019· 46 min· 13K views·Watch on YouTube

Speakers

HubSpot CEO and cofounder Brian Halligan talks with Y Combinator’s Kevin Hale about leading as an introvert, building HubSpot, and adapting its marketing, product, and culture as the company grew.

Making room to recharge

Halligan says public-facing leadership takes extra energy as an introvert. He blocks Wednesdays for solo work and builds breaks into busy days for rest, email, and thinking. He also describes a daily nap as a way to clear his head.

From LegalSpot to inbound marketing

Halligan and cofounder Dharmesh Shah met at business school and first explored LegalSpot, a suite of tools for law firms. After firms showed more interest in online marketing, they shifted toward a product for any business. Halligan says they saw people moving to Google, social media, and blogs while becoming better at blocking ads and calls, creating an opening for inbound marketing tools.

Finding a model that can grow

Halligan recalls that the founders set HubSpot’s initial price at $250 a month with little research, and kept it there for six years. Early software was rough, so the team helped customers directly and turned what they learned into product features, including Website Grader. He says he would have started with freemium, and argues that B2B software should make it easy to try and buy, with sales support available when customers need it.

Building durable growth and customer value

Halligan argues that cold calls can damage a brand, while useful content, freemium products, and a better buying experience can create lasting growth. He recalls writing two blog posts a week with Dharmesh and competing to see which brought in more leads. As HubSpot grew, he says the company shifted investment toward product and R&D, tied executive compensation partly to NPS, and focused more on delighting customers than closing prospects.

Changing with the company

Halligan says coaching and an annual 360 review helped him see where he needed to improve. He eventually left the product role after feedback showed it was not a strength, and says founders must learn to let others take control as a company scales. He also describes humility as part of HubSpot’s culture and notes that the company had to change its sales-heavy habits to become more customer- and product-focused.

Takeaways

  • Protect recurring time to recover and think if people-heavy work drains your energy.
  • Test customer needs before committing to a product direction or price.
  • Turn repeated customer support into product improvements and useful learning materials.
  • Make buying and using the product easy, and invest in customer satisfaction to earn referrals.
  • As the company grows, seek candid feedback and hand off roles that are not your strengths.

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