Brian Halligan: Leadership Lessons Scaling Hubspot to $28BN | E1103

Brian Halligan is the Co-Founder and Executive Chairperson of HubSpot. Brian led the business as CEO for 15 years from Day 1 to a $30BN public company with 7,000 employees. Among Brian numerous achievements, Brian is famed for coining the term "inbound marketing", he is a globally recognised author, he is also an incredible teacher having developed MIT’s popular Scaling Entrepreneurial Ventures class. In addition to all of this, he is also the Co-Founder of Propeller Ventures, a $100 million climate tech venture fund, specializing in ocean innovation investments.

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Timestamps:

(00:00) Intro
(0:42) "Paper Boy Beginnings"
(15:21) "Brian's Snowmobile Incident & CEO Exit"
(20:00) "Life Beyond CEO"
(21:59) "Elon Musk on Vacations"
(22:42) "HubSpot's Company Survey"
(27:25) "Nvidia CEO Leadership Style"
(30:18) "Musk's Team Building Tips"
(35:23) "Founder vs. Professional CEOs"
(40:17) "Choosing Effective Board Members"
(59:25) "Sequoia Meeting Insights"
(01:15:53) "Worst VC Meeting Ever"
(01:19:59) "MBA Value Today"

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In Today’s Episode with Brian Halligan We Discuss:

1. The Makings of a Generational Defining Entrepreneur:
How did the first job as a paperboy lead to the founding of a $30BN company?
How does Brian analyse the importance of luck vs skill in success?
What is Brian running from? What is he running towards?

2. How to Be the Best Leader from 15 Years as CEO:
What are Brian’s biggest lessons in leadership from Elon Musk and Jensen Huang?
How has Brian’s leadership style changed over time?
Why is the way leaders prioritise what they do today completely broken?
How can leaders use quarterly goals to prioritise most effectively?
Does Brian believe people are born CEOs? Are MBAs worth it for CEOs?

3. How to Build the Best Team:
What is the #1 failure condition of teams today?
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Why does Brian believe most of your employees are mercenaries and not missionaries? Is that ok?
Why do recovery plans never work? Once lost, can trust in teams be regained?
Are people destined for certain stages of company growth?
Why does culture always break when teams hit 100 people?

4. The Best Deal in VC History:
Why did Hubspot sell 47% of the company to General Catalyst in their Series A?
How did Sequoia come to lead their Series D?
How much of a needle mover is it for companies and founders to have Sequoia invest?
Why did Brian sell secondary to Sequoia in the Series D? Is it the most costly mistake he has made?

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