Google spent years studying what actually separates great managers from the rest.
Speaker AAnd out of thousands, they ranked just 25 people a year as elite.
Speaker AMy guest today was one of them.
Speaker BOur team was blocked back on the Gmail team, which was my first time ever leading a team inside Google.
Speaker AInside Gmail, high visibility and nothing was moving.
Speaker ASo what actually separated the leader who broke through?
Speaker BI've had multiple people tell me that my spirit animal is a wolverine, meaning I don't stop.
Speaker BI never give up.
Speaker AThat mindset didn't just win awards at Google.
Speaker AIt carried Keith from Google Manager to adobe to CEO of PandaDoc, scaling the company past 100 million in ARR.
Speaker AThis is the Wolverine mindset playbook.
Speaker CIt's time to lead the team.
Speaker AWelcome back to Lead the Team.
Speaker AI'm your host, Ben Fanning, and this conversation that you're going to hear is meant to challenge, inspire and ripple out.
Speaker AIt's not just a podcast.
Speaker AIt's a positive movement to build better leaders.
Speaker AAnd, and you can help by taking just 10 seconds to rate and follow on Apple, Spotify and YouTube and drop a quick review over on Apple.
Speaker AThis helps more bold leaders discover the show and keeps the mission alive.
Speaker CEnjoy.
Speaker CYou've won the Great manager award at Google back in the day, and that was an award given to just 25 people in a company literally of geniuses.
Speaker CWhat was a specific human trait that you had that others lacked on?
Speaker BHonestly, this is one of the biggest honors in my career.
Speaker BIt's given to 25 people a year.
Speaker BI think they only did it for eight years or so, and I still don't know exactly how I got it, but I think, and I'm not sure if it's really a human trait, but I've had multiple people tell me that my spirit animal is a wolverine, meaning I don't stop, I never give up.
Speaker BAnd you know, as I think back on my career, that wasn't something that I always had, but I kind of developed over time through perseverance.
Speaker BAnd what that led to, and I think maybe helped with my great manager award, is that anytime my team had a problem, I wouldn't stop until I helped them be successful.
Speaker BAnd my job is to make my team successful.
Speaker BAnd so I go after that with determination.
Speaker BAnd I think that helped them trust me and come to me knowing that I always had their back and was always going to do everything in my power to help them get what they needed, which ultimately made our team.
Speaker CSo what, what's on your.
Speaker CYour Mount Rushmore of Google achievements where the.
Speaker CThat really demonstrated the wolverine spirit animal.
Speaker BI mean there were just times where our team was blocked.
Speaker BYou know, back on the Gmail team, which was my first time ever leading a team on.
Speaker COn the Gmail.
Speaker BYeah, it was, it was back on the Gmail team and my team was the operations part of Gmail.
Speaker BWe had customers who had this one very significant problem which I can't speak to in detail, but the engineers didn't want to work on it.
Speaker BAnd we ended up creating a program in Gmail where we made it really exciting for some of the engineers to work on these customer facing problems.
Speaker BThey loved working on the product roadmap.
Speaker BThey always loved that.
Speaker BBut how could we swing them to this?
Speaker BAnd we came up with this really unique angle.
Speaker BSo we kind of like went around instead of just a direct confrontation, like make it appealing.
Speaker BAnd that worked out really well.
Speaker BThat's, you know, one of the best things that ever happened to one of my.
Speaker BWow.
Speaker CSo you unleash the internal desire of another group to help you what you're trying to do.
Speaker CI mean, a lot of companies, like that's how they get things done, right?
Speaker CWell, that team's the engineering.
Speaker CThey're not doing what I want them to do.
Speaker CSo I'm going to tell my manager to tell their manager's manager and it's going to come back down the other side and put the fear of God in them until they do it.
Speaker CIf that wasn't your approach.
Speaker BYeah, I always like to think through how you motivate other people and sometimes it's referring back to the vision.
Speaker BLike you align on the vision of the company or the team they're on and can you make what you're trying to do part of their vision or do you just understand their incentives and what they really care about?
Speaker BAnd that was what we did in the Gmail frame.
Speaker BWe tried to turn it around from something that seemed like an ask we were making towards something that they wanted to do.
Speaker CMan, that's so good.
Speaker CSo mental note for the leaders here inside the Google machine, you're working with all these geniuses changing the world and it go.
Speaker CAnd, and the trait that, that really sets you apart though was the wolverine.
Speaker CAnd then being able to unlock the motivation of others, it wasn't like the best idea.
Speaker BSo I mean, I guess maybe one other thing would be humility.
Speaker BLike I firmly believe that I don't have the right answers all the time.
Speaker BAnd I rely on my team who is closest to the problem to tell me what they need.
Speaker BAnd part of my job is to coax it out of them and to ask tough questions and pressure test whether it's what they really need or whether it's something that's just going to make their life easier.
Speaker BBut I think a big part of it is the humility of just knowing that my team is what makes me successful.
Speaker BIt's not me.
Speaker CIs it possible that the traits at the very traits that make someone a great manager actually can make them a bad CEO because you got the luxury of having both experiences?
Speaker BI sure hope not.
Speaker BBut I don't think so either.
Speaker BAnd the reason I don't think so.
Speaker BI'll go back to my Google time again.
Speaker BGoogle did a ton of research on the best performing managers and they called it Project Oxygen.
Speaker BAnd it's definitely worth looking up if you have the time.
Speaker BIt's things like people who empower their team.
Speaker BThey show concern for the team's success, they make decisions, they're good communicators and they have a clear vision that they collaborate with others on.
Speaker BWhen I think about those things, those are things that I think a great CEO does.
Speaker BAnd so to me that intersection between those traits in what makes a good manager also makes a good CEO.
Speaker BAnd I'm definitely keeping them top of mind stepping into this.
Speaker CYeah, I really like that for leaders to think about because there are plenty of traits that can help you get stuff done as a manager, but they may not be the ones that the world's top CEOs follow, you know, to get things done on a sustainable level.
Speaker CAnd I, I just think it's really cool that, that you see so much alignment between the principles you learn as a great manager at Google.
Speaker CAnd what's your, like the foundation of how you're leading PandaDoc today?
Speaker BYeah.
Speaker BInterestingly, the most impactful CEO presentation I had was from Mark McLaughlin.
Speaker BHe's the former CEO of Palo Alto Networks and he said a CEO's job is three things.
Speaker BIt's to set the vision, get the right people in the room and on the problems and then empower those people and clear the roadblocks.
Speaker BAnd so if you go back to the Project Oxygen ideas that I mentioned, they really line up very nicely with those things.
Speaker BSo I'm, I try to lean into those as much as I can.
Speaker BAnd then I'm keeping Mark's advice top of mind this year as I love that.
Speaker CAnd I think that first when you said like have a vision and I think a lot of managers run around, I'm curious about you appended doc and what you've seen A lot of managers don't believe it's their job to have a vision for their team.
Speaker CFeel like the CEO has the vision.
Speaker CI just need to make sure we're following that thing.
Speaker CAnd it really misses, I mean, to me it really misses an opportunity.
Speaker CDo you ask your managers to have that vision?
Speaker CIs that something that you think is important or is it more about just getting it sort of getting in alignment with the CEOs?
Speaker BWell, I think you need to have vision for the company.
Speaker BYou must have a vision and a lot of companies have a vision statement.
Speaker BBut then how do you turn that vision statement into something more like a three year vision?
Speaker BAnd, and you know, the job that we do is we work with the executive team and the finance team to turn that three year vision into a one year vision, including a financial plan.
Speaker BAnd so then you have this like cascade.
Speaker BYou have your top very aspirational vision, then you have a three year vision of what your product and business will look like.
Speaker BAnd then you have the one year plan and everything is laddering up.
Speaker BAnd then within that, you know, Your team's developing OKRs and annual plans to tie into.
Speaker BI do think it's helpful for each function to have a vision.
Speaker BI don't know if it needs to be at the manager level, but our sales team here has a vision, our marketing team has a vision.
Speaker BAnd I think it's been really helpful to create an identity and to align people with how we want those teams to operate.
Speaker CI love that.
Speaker CIt really puts the onus on them to be thinking bigger for their own teams and verticals inside the organization to make things happen.
Speaker CI didn't get that alignment.
Speaker CNow before we get back, I'll say the more present day stuff.
Speaker CYou work for Adobe for a long time, which is another icon like iconic brand, and you left the safety of the Adobe brand, that Adobe document cloud, to join the challenger at pandadoc.
Speaker CWas there a moment of identity crisis when you went from the giant to, to the underdog or.
Speaker BYeah, to be honest.
Speaker BTo be honest, absolutely not.
Speaker CNo.
Speaker COkay.
Speaker BFirst off, I loved my three years at Adobe and I learned so much.
Speaker BI mean it was a master class in marketing, it was a master class in sales and how to use the channel effectively and then amazing PLG and self service.
Speaker BSo I learned a ton.
Speaker BBut I have no regrets.
Speaker BI had no identity crisis.
Speaker BI love the challenge and I love being the underdog.
Speaker BAnd I've got a saying with a couple members of my team here, like, it's no fun when the fish are jumping in the boat, you know, like, if you could just swap me out and put somebody else in and the business is going to be successful, then what am I actually accomplishing?
Speaker BLike, I want to be in a business where I drive it or my team drives it.
Speaker BAnd so that's been, been really fun working for a company where I can see an inflection in the numbers, I can see a change, and I know it's because of my team and the work I do rather than a company.
Speaker BNot to say it's on full autopilot, but like, Adobe has such a great name brand that they're going to come no matter what you do.
Speaker BAnd so I love knowing that I can be the driver of that chain.
Speaker CSo just play by for me, like when you wake up and go to work when you're Adobe versus when you wake up and go to work now and, and like Pentadoc, how is your mindset different when the fish are jumping in the boat versus when, you know, you know, you got to get on the water and make it happen?
Speaker BYeah.
Speaker BI mean, you're, you're figuring out how you can harvest more.
Speaker BSo adobe.com is a website juggernaut that brings in millions, hundreds of millions of visitors a year.
Speaker BAnd you've got to figure out how you can drive small changes.
Speaker BThose small changes, take those law of large numbers and turn them into real revenue.
Speaker BAnd it's meaningful, but, you know, it's probably going to be successful with or without me.
Speaker BRight.
Speaker BLike I left, I would say Adobe didn't miss a beat on the stuff I was working on there.
Speaker BThere might be some other areas of the business that are going through some challenging times and then a Panadoc.
Speaker BIt's like you're, you're hunting for survival every day.
Speaker BIf you people are ready to eat your lunch, like they're going to go to competitors if we don't figure it out.
Speaker BAnd so the fact that we have been able to inflect our growth, to be more efficient in driving that growth and to continue to build great teams, satisfy our customers, has been extremely rewarding.
Speaker CSo maybe that it may be a little more stressful in some ways.
Speaker BOh, for sure.
Speaker CBut that gives you your edge and your innovation edge.
Speaker CFor all that.
Speaker CFor all that matter, if there's no stress, like it's, there's no challenge or less of a challenge, you know, it's harder to grow.
Speaker BYeah, I mean, I think it's, what do you want out of a job?
Speaker BYou know, some people, they want the title, some people want the Money.
Speaker BSome people want the lifestyle, some people want the challenge, some people want the scope.
Speaker BYou have to figure out what mix of those are most important to you.
Speaker BAnd you know, for me, that challenge and working with great people and knowing that the success that happens is because of my team's hard work is the most important thing to me.
Speaker CIt's going to be so satisfying.
Speaker CI've worked in corporate like I worked for Honeywell and some bigger organizations, and with my own company and growing it, it's a completely different feeling.
Speaker CLike I'm way more engaged, I'm way more creative, and it's completely unintentional.
Speaker CBut it's like the situation you're in just calls on different parts of you to.
Speaker CTo grow.
Speaker CAnd I mean the growth, like your growth trajectory, I. I suspect since you joined pandad, Doc has been probably incredible learning, right?
Speaker CIn terms of.
Speaker BYeah, I have learned so much in three years, but it's been amazing and I'm definitely better for it.
Speaker CAnd your rise there has been like a rocket ship in terms of your personal success.
Speaker CYou came in as what, Chief Revenue Officer, President, and now CEO.
Speaker CAnd in my research, I noticed an interesting nuance that the founder is now the cpo, Right, The Chief Product Officer.
Speaker CSo what is it like having your founder and former boss, I guess, being a director port, for lack of a better word, how does that go?
Speaker BYep, I'm still figuring it out, to be totally honest.
Speaker BBut I do think I'm really lucky because over the past three years, Makeda, who's the founder, he and I have established this incredible relationship, and it's built on trust.
Speaker BHe, you know, he took a little while to trust me, but then over time, he knew he could trust me and knew I would do the right thing.
Speaker BAnd I think that's been really important in this evolution of my roles.
Speaker BBut it's funny because he and I actually disagree a lot, but we work to persuade each other and channel each other in the right direction, and I think that makes us better.
Speaker BThere's some times where I'm absolutely wrong, and I love that he proves me wrong.
Speaker BAnd then I know we're on the right path.
Speaker BAnd then there's other times where I know I'm right and I'm able to shift him into that direction.
Speaker BSo that's been great.
Speaker BYou know, I think stepping in, I was a little bit tentative about it, but I realized quickly, like, you just gotta grab it, go take the role.
Speaker BAnd he's been really respectful of my decision making and giving me the room to leave.
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Speaker CYeah.
Speaker CThe good news is you're CEO.
Speaker CThe even better news is I'm your director.
Speaker CPork.
Speaker CYou're like, how does this work?
Speaker CYeah, but I love that it sounds like, you know, it's worked out well.
Speaker CIf you guys have are be able to bounce ideas, you know, off of each other in terms of who gets the final call on a big decision.
Speaker CWho is it?
Speaker BIt's me.
Speaker BAll right.
Speaker BAnd if we disagree then, and he firmly disagrees, then we will eventually of a significant magnitude.
Speaker BWe would take it to the board, but we haven't had anything like that.
Speaker BAnd again, that's what I mean by he's been really respectful.
Speaker BThat is cool of me.
Speaker BHe's like, this is your decision.
Speaker CYeah, like, if that works out, like it, like it seems like it is, it is really a great thing because you've got someone that's all in entirely passionate and wise and experienced, that's on your team.
Speaker BIdeally, he's a huge asset.
Speaker CThat is so cool.
Speaker CSo can you share?
Speaker CWas there like the first, hardest conversation that you could remember?
Speaker BYeah, I mean, I would say, let me start by saying Nikita is a visionary.
Speaker BLike many great founders, he has some of these ideas that sometimes I don't always get them.
Speaker BAnd then three months later, I realized how prescient he was and that he saw something that like, I couldn't figure out.
Speaker BOne of those ideas was a way we're manifesting the way we're changing how companies drive agreements in a, in an age of AI.
Speaker BAnd that's really what like our three year vision is.
Speaker BHow do we change the way companies create sign and understand agreements?
Speaker BWe want to be the place where every SMB in the world can do that in a frictionless way.
Speaker BThis hard conversation came about though, because I felt like we were being a little too cautious in shipping and waiting for the product to be perfect.
Speaker BBecause Makita has this vision.
Speaker BHe knows exactly what he wants to look at, look like.
Speaker BAnd so I started pushing him on moving faster and he's been really good at taking that feedback.
Speaker BHe cares about the outcome and he knows the outcome is so important to our customers.
Speaker BHe wants that to happen.
Speaker CYeah, I love that and I'm glad the leaders can really hear that because in this time and age that we're in with AI and how things are shifting so fast, it is helpful to have people that are more of your peers that push back and you listen and you may have these difficult conversations versus hey, I'm the leader on here.
Speaker CEveryone's job here is to say yes and get on board with whatever I say.
Speaker CAnd having these different lenses is really important.
Speaker CBut I think most people would acknowledge, yes, I get it, but they rarely see an example of how to do it.
Speaker CDo you guys have these conversations over coffee, text, a cocktail?
Speaker CLike where how do these things play out?
Speaker BYeah, we have the conversation probably every week.
Speaker BYou know, we check in, in our one on ones.
Speaker BWe talk about them in every board meeting.
Speaker BAnd then Makita is a big fan of in person meetings so luckily he lives fairly close and we're able to get together over coffee or food and talk through them.
Speaker CA lot of people think that being promoted to the CEO role is like the ultimate win and yes, it is a huge win but the seat of the CEO is famously lonely.
Speaker CWhat is the most difficult conversation or decision I guess you've had to make since taken over and, and in having that, I guess maybe realizing like, hey, there's no one to delegate this to.
Speaker CI've got to do this myself now.
Speaker BYeah.
Speaker BSo it's funny because when I took the job to be CRO at PandaDoc, I had no aspiration to be CEO here.
Speaker BI had no intention of it like I wanted to be CRO.
Speaker BAnd yeah, the journey has been what the journey has been and I'm incredibly honored by the trust that Vaquita, Sergey, our other co founder and the board have put in me.
Speaker BI guess this difficult decision was at a board meeting.
Speaker BWe had my first board meeting as CEO and I can't share the exact details of the conversation but I had to change the short term direction towards that three year vision.
Speaker BWe agreed on the three year vision but there was something that I noticed in the data and through talking to the team and so I pushed for us in that board meeting to be more focused and you know, it was tough because I went in telling Makita and Sergey, the two co founders, that I was going to do it and you know, I think I did it in a very respectful way.
Speaker BBut we, I think we've all aligned on this being a great outcome and working it through the board of which they're members.
Speaker BSo that was probably the most difficult thing I had to do went out of the gate.
Speaker CWhat was the.
Speaker CSo coming from cra CRO, I mean, I think listeners might find it interesting.
Speaker CWhat have you found that you've had to sort of kill off in terms of your old CRO mindset or the metrics you were provide or focus on versus had to sort of be reborn as the CEO?
Speaker BYeah, I mean, I don't know if I would call it kill off, but I would say compartmentalize is probably a good way to.
Speaker BYou know, I still care a lot about revenue.
Speaker BI still care a lot about the growth numbers.
Speaker BI'm trying to let the team drive more of it without me.
Speaker BAnd the part that's really important for me now is to make sure the product and the engineering org and the designers know me, know that I'm all in for this long term vision and that I don't have favorites.
Speaker BJust because I came from the revenue team doesn't mean like that's my favorite team.
Speaker BAnd you guys are this new team that just falls under my umbrella.
Speaker BLike these are all teams that I want to be successful and care about.
Speaker BAnd particularly for that R and D function, it's the forward long term thinking and making sure we pursue that strategy of becoming that frictionless place for agreements to happen.
Speaker CI've read about a controversial move that you, that you made earlier in your career where you eliminated essentially one of the foundational roles of the company known as the sdr, these sales development reps. And I think, and you were in charge of sales and top level growth.
Speaker CA lot of VPs of sales, I don't know if they would go all in on that normally because that could backfire when you're changing and eliminating the people that were responsible for helping you get the results that you need to get.
Speaker CYou made this move and literally the company was able to in fact check me.
Speaker CBut you're able to increase the price of what you were selling.
Speaker CLike 4x5.
Speaker BOkay.
Speaker C5X.
Speaker CWhich, which sounds, which sounds crazy.
Speaker CLike that, like that could actually happen.
Speaker CWalk us through that.
Speaker CAnd was that decision you made?
Speaker CI'm really curious if it was like a gut decision that you know, based on what you'd seen or, or what.
Speaker CDid you notice that the traditional sales model was just not working?
Speaker BYeah.
Speaker BSo first off, this was an incredibly hard decision because it impacted a team of people and those people all meant well.
Speaker BBut I had a responsibility to the business and to the rest of the team members to ensure they were successful.
Speaker BAnd so I didn't take it lightly.
Speaker BBut how did I come to this?
Speaker BAlthough I do have a lot of gut feelings, this started with the data.
Speaker BAnd not just data, but conversations and looking at the data we saw that we had these MQLs that were making it to S1 but the S1s weren't closing.
Speaker BAnd you know, I'm a big fan of breaking down pipelines.
Speaker BSo you've got the pipeline qualification, then you've got the like the close of the pipeline, you've got the size.
Speaker BAnd what we were seeing is that throughout these things either the SDRs didn't understand what would close and so we would have droppage there, or things that went through would then get dropped and not close or would close at a lower win rate.
Speaker BAnd so we were able to see that and align the leads with the closing.
Speaker BSo moving AES to full cycle.
Speaker BBecause CanadaDoc is a fairly high velocity business, our deal cycles are between 30 and 60 days.
Speaker BMeant that we could compress the time because we would have a single qualification call, we'd have a better customer experience because we didn't hand them to someone else.
Speaker BWe didn't have any loss of information and transforming of what the SER notes were to the AE and then the AE knew what would close so they would be able to disqualify deals early.
Speaker BThat didn't go there.
Speaker BYou could say that ultimately we could have done better training of our SDRs, but I think this resulted in a really efficient machine that's been really good for PandaDoc and our customers.
Speaker CHow does this relate to the leading through the TE philosophy that you've really honed?
Speaker BYeah.
Speaker BSo leading through the team, like I said before, I definitely didn't invent was in the culture code at PandaDoc before I got here.
Speaker BAnd Sean knew who's the CEO of Adobe is probably the one that I saw use at first and talked about.
Speaker BAnd the T is like in any leadership role you cover a broad spectrum of things and you have to understand it at least a surface level of depth.
Speaker BBut you've got to understand everything at a surface level and then every once in a while you've got to go deep and that's where like the cross section of the T comes in and you go all the way down into the nitty gritty details and you understand it and you hopefully solve it and then you pull back up and you go scan across the T to figure out where you Go down next.
Speaker BAnd, you know, when I first got here, sales performance was the area that I dove in on first.
Speaker BI own marketing and CX as well, but sales was the one that appeared like it needed the most structure.
Speaker BAnd so, you know, scanned quickly across to understand all the functions and then realized that was the area I needed to go deep on from the numbers.
Speaker BAnd then I went all the way deep, working with rev ops, working with the sales leaders, talking to the AES, talking to the SDR to figure out what we were going to do.
Speaker CWell, what did you say?
Speaker CThose managers were sitting there thinking this is just an excuse for micromanagement.
Speaker CLike, if he's got, like, don't want the, like, the chief Revenue officer is going to use the T on me, he's going to get up in my business.
Speaker CAnd I mean, there's got to be a little bit of that because you're diving in deep and they're going to feel that.
Speaker BI'll use another framework.
Speaker BBut I think going back to what Mark said, if there's three things I'm supposed to do, setting the vision, getting the right people, and removing the blockers.
Speaker BThis is about removing the blockers.
Speaker BAnd if I don't understand what the blockers are, then I can't remove them.
Speaker BSo I've got to go all the way deep to remove the blockers.
Speaker BBut then I know I can't stay deep all the time because there's other things where I have to remove the blocker.
Speaker BSo I'll come back up and move on.
Speaker BAnd I'm just.
Speaker BI try to always be transparent that this is the thing I'm focused on solving right now.
Speaker BOnce we solve it, I'm out of your hair, like.
Speaker BAnd I, I think most of my team knows that I do want to empower them.
Speaker BAnd if I'm stealing ownership, I'm not giving them the agency.
Speaker BUh, so I want to give them agency.
Speaker BI want to drive accountability.
Speaker BIt's only when that blocker really needs to be cleared.
Speaker BAnd it's not that I've got to go in deep to get at it.
Speaker CReally, really good to communicate it.
Speaker CIf you're going to use the T structure, explain when someone's getting the T on their.
Speaker CThe T part on their organization.
Speaker CI think leaders really don't think about that, though, and setting the expectation that there are going to be areas where they've got to be able to go deep and not just stay strategic.
Speaker CI think that's a real.
Speaker CLike, when I hear leaders say, well, I'm just trying to stay strategic, like you're only missing some opportunities, you have to be able to go deep, selectively on that.
Speaker CAnd man, did you get good results with that one.
Speaker CI mean, 5x the price for doing a lot of the same type of work, right.
Speaker BYou get against pretty much, pretty much every dimension.
Speaker BSo the qualification rate and pipeline generation is up, the close rate is up and the ECVs are up.
Speaker BSo it's been a really good change.
Speaker CThat's the power.
Speaker CNow you, you've been quoted in fact, check me on this.
Speaker CBut saying that nobody cares about document workflow, is that, is that somewhat of accurate?
Speaker BIt's somewhat accurate.
Speaker BSo I would say it's accurate in the abstract.
Speaker BSo nobody cares about like what happens with their documents, like from a process standpoint, but they very much care about the pain that occurs when you lack good document workflow.
Speaker BAnd again, I think that's where PandaDoc really differentiates itself.
Speaker BA lot of people think we're a simple E signature tool, but we're much more than that.
Speaker BWe're an agreement workflow platform.
Speaker BAnd so we try to make sure that we're differentiated by making workflows really easy so businesses can concentrate on the things that matter to their financial results and doing the work that they love.
Speaker BLike nobody loves working on.
Speaker BLike taking a document and making sure it gets routed to the right person or downloading the right document and then signing it and re uploading it or making sure it's got the right approvals.
Speaker BLike, that's just not something that's fun or exciting.
Speaker BIf you can automate that so I can get my sales quotes out faster, so that I can change a quote without having to go through like seven layers of deal desk that I can get a contract edited to match the counterparty much faster.
Speaker BThose are the things I care about.
Speaker BI just don't want to deal with all the redlining and like download, re upload back and forth multiple times.
Speaker BAnd that's where PandaDoc stands out.
Speaker BSo I try to try to say nobody actually cares about the flow itself, but when you make the flow work, they suddenly realize what a painful experience they have.
Speaker CYeah, what we do is we solve a problem people have and people don't say I have a workflow problem or a paper flow problem.
Speaker COne of the things I was looking at with Pandadoc, I think it's so cool, is the level of detail it can provide a sales leader who's trying to track all their own sales agreements.
Speaker CWhen I worked for DHL and some other organizations in Sales man.
Speaker CI would have loved to have a tool, and frankly, today I would love to have a tool that could tell me what's going on with that agreement, where it's being circulated or what's happening, because otherwise you're not going to have visibility of it.
Speaker BIt's so great running pandadoc on Pandadoc because we can go in and ask it for the status of any deal and where the agreement is, and it'll tell you.
Speaker BAnd we launched an AI copilot inside that helps you get these answers even at the end of the year.
Speaker BYou know, one of the reps was working a deal at the very last minute.
Speaker BShe's based in Poland.
Speaker BAll the sales execs were out.
Speaker BShe sent me the deal.
Speaker BI'm able to ask the AI to give me a summary of the terms and how it's different from other terms that we signed.
Speaker BAnd I can send it out or the one that I really love is at the end of the month, you've got tons of proposals out that you're trying to get signed.
Speaker BAnd as a sales leader, you only have so much time you can spend which one's the right one to go after.
Speaker BWhat do most people do?
Speaker BThey go after the big ones.
Speaker BBut what we're able to see is the level of engagement and how many times have been open, how many people have looked at it, what page they've looked at.
Speaker BAnd so for our sales leadership, we can zero in on the ones that we think are closest to getting done because we see a lot of engagement there.
Speaker CYeah, you can really focus your help.
Speaker CYour team prioritizes.
Speaker CIf you're gonna.
Speaker CIf you're following up on a document that hasn't been opened in 60 days and you're hoping that's gonna close.
Speaker CYeah, it's a long shot, man.
Speaker CYeah.
Speaker CLook at the ones that are hot, that are getting the engagement you can focus on.
Speaker CSo I thought that was a really cool feature.
Speaker CNow, bringing it back to what y' all are doing as an overall business, you guys are just cross 150 million ARR.
Speaker BOr I'm carrying 100 plus.
Speaker BWe'll call it plus.
Speaker COkay, that's big.
Speaker CThat puts you.
Speaker CAnd for the listeners, because I was looking up a lot of this, you're in the top, like 1 to 2% of software organizations based on this, having this kind of ARR.
Speaker CYou guys are in the elite and you've got big growth dreams.
Speaker CAnd so from a CEO standpoint, beyond this, you got to protect what you.
Speaker AHave.
Speaker CBut also you're probably thinking I'm wondering about like what do you need to break next or what do you need to disrupt inside your own organization to get to 500 or to get these bigger growth numbers.
Speaker CAnd I'm thinking like what, how are you thinking about protection versus disruption in your organization and what kind of advice might you have there?
Speaker BI would say we're, we're not too focused on protection.
Speaker BI mean we, even at 100 plus million, that's, that's small in a very big category.
Speaker BEvery small business in the US and many overseas can benefit from panadoc.
Speaker BSo we've got to play offense and we've got to make sure that they know we're a solution that exists, that we're a solution that solves their problem.
Speaker BAnd then we've got to do the execution to make sure that we hit those from a go to market perspective and the execution from a product and engineering perspective that we have a differentiated solution that evolves in a time of very fast change.
Speaker BIf we continue to just say, well, we have the best agreement workflow solution on the market and we just need to make it incrementally better, someone's going to come out and leapfrog us.
Speaker BI do think workflow itself gives a fairly decent moat, but it's not enough.
Speaker BAnd we've got to be a little bit paranoid about that and try to dramatically reinvent what this looks like in the age of AI.
Speaker CYeah.
Speaker CSo what is it going to look like in the age of AI?
Speaker CAnd we're just getting started.
Speaker CI like to remind the listeners, like it hasn't really been as big as it is.
Speaker CI mean ChatGPT came out like two years ago.
Speaker CRight.
Speaker CIn a very public way.
Speaker CIn a very public way.
Speaker CAnd we got a long ways to go.
Speaker CWhat's going to happen?
Speaker BYeah.
Speaker BSo I tend to think for us at PandaDoc, we're using AI to solve high friction but high frequency tasks.
Speaker BSo what are the things that are really painful but you do them a lot?
Speaker BIt's things like organizing the documents that you have.
Speaker BIt's things like negotiating every new document that you need to send out.
Speaker BWe want AI to solve those things.
Speaker BAnd so those are the first places we're deploying it.
Speaker BAnd in many ways you can imagine that AI will make or give small businesses access to superpowers that they never had.
Speaker BAnd that's what you want to do.
Speaker BMan, with our.
Speaker CWhat's the.
Speaker CSo a couple of fun questions.
Speaker CSend us out on here.
Speaker CWhat's the one document in your life, personal, professional, that changed everything when you signed it.
Speaker BI gotta pick two.
Speaker CI gotta cheat a little.
Speaker BFirst, my marriage license.
Speaker BSo, you know, getting married was a game changer.
Speaker CYou needed to say that one for sure.
Speaker BYes.
Speaker BMy kids and family are really important to me.
Speaker BAnd the second would be my employment letter at Google.
Speaker BIt changed my life in so many ways.
Speaker BI formed incredibly deep friendships there.
Speaker BI worked there for a decade.
Speaker BIt was still pretty early.
Speaker BIt was 2007.
Speaker BSo I mean Google was like 16,000 people at that time.
Speaker BAnd I learned so much and that shaped how I lead teams today.
Speaker CWhat's happening?
Speaker CWhat's going to happen with Google?
Speaker BI am so impressed by what I so impressed by what they did with the new Gemini release.
Speaker BI really thought they were in trouble for a while and they just pulled it out.
Speaker BI mean Sundar is an incredible leader.
Speaker BThey have the best world class engineering talent.
Speaker BSo it's really incredible.
Speaker CYeah, you just don't really know what they're working on over there until it just appears.
Speaker CAnd Gemini is.
Speaker CYeah, it was a huge leap.
Speaker CWe'll see what comes next.
Speaker CIf you had to lead a team through a crisis tomorrow and you couldn't use any data or analytics, what is the first sentence you would say to them?
Speaker BI have confidence in you.
Speaker BAnd that's definitely what I would say, you know, and I'd follow it up with, we built an incredible team.
Speaker BYou know how to do it and I'll be there in the trenches with you to figure it out.
Speaker CI have heard or read you like hiring people that have a chip on their shoulder.
Speaker CWhat is the one word you hear in an interview that makes you immediately know that they're one to hire?
Speaker BI was thinking about this because I've been redoing some of my interview questions, but I look for the word persevere or something like I stuck with it.
Speaker BThat's not one word.
Speaker BBut persevere is a great word because it just signals the ability to get through things and find ways around problems or solve things.
Speaker BAnd I think that grit and with like when you've got a chip on your shoulder is incredible.
Speaker CSounds like a wolverine to me.
Speaker COr maybe that comes up in your email.
Speaker BPeople are just going to be saying all goes together.
Speaker CYeah, that's spirit animals.
Speaker CA Wolverine.
Speaker CAnd so 12 months from now, a lot of things going to change with AI.
Speaker CWill AI be doing 10% of a panda?
Speaker CDocs users work or 90% and they'll be off to do other things.
Speaker BWe're aiming for 90% and I would say 18 months.
Speaker B18 months.
Speaker BMaybe not 12 months.
Speaker BWe want to be at be close to 90.
Speaker BWow.
Speaker CWhat about if you had to look at your whole Panda Doc workforce today, the ones on the inside?
Speaker CHow much of their jobs would you say are going to change in the next 12 months in terms of what their daily work's going to be like?
Speaker BYeah, I mean, we are seeing it already.
Speaker BThere's a lot of work that's been changing from using cursor and Claude code on the engineering side to changing how we run our go to market using AI tools as well as tools that we're building in house.
Speaker BAnd it's all designed to make us more productive.
Speaker BLike, our goal is to not shrink our headcount, but to invest less and still grow the business at a faster rate than that headcount growth, which we're doing.
Speaker BBut I think the more we can inflect that growth rate through using AI to make us more productive, the better we're going to be.
Speaker BAnd that's where we've been investing our.
Speaker CAI tooling outside of document workflows that Pentadoc is so famous for.
Speaker CRevenue operations.
Speaker CWhat's the one vertical skill on the tea that you've mastered that has nothing to do with business?
Speaker BI've mastered making a spatchcock chicken.
Speaker BIt is.
Speaker BThat is like, the one thing I'm really good at.
Speaker BI can't cook a lot of food.
Speaker BGreat.
Speaker BBut I make a mean spouse.
Speaker BYou, you cut the, the backbone of the chicken and you, like, fold it.
Speaker COpen like a butterfly.
Speaker CButterfly.
Speaker COkay.
Speaker BSo it cooks much quicker, much more evenly, and you do it on the grill.
Speaker BIt gets like, really crispy skin and it's moist inside.
Speaker BIt's.
Speaker CThat is a useful skill, my friend.
Speaker CAnd it's impre.
Speaker CVisually impressive.
Speaker CIt comes out.
Speaker BYeah, I would, I, I would say everybody who tries it is a fan.
Speaker BSo that's, that's the one thing.
Speaker BThat's the one vertical skill I'll, I'll brag about.
Speaker CYou've said and, and you can, you can fact check me on this, but I believe it's.
Speaker CRepetition doesn't spoil a prayer is a saying that you're known for.
Speaker CWhat's the one sentence that you've repeated most of your team in the last 30 days since you've taken over a CEO?
Speaker BWell, first off, this is another one that I borrowed from an old boss and he would say it all the time, and I love it.
Speaker BSo I think it's really important.
Speaker BI mean, a lot of times people need to hear the message multiple times before it really sinks in.
Speaker BBut the one sentence that I'm repeating is that what we're developing for PandaDoc with this frictionless agreement platform is a game changer and is exactly what our customers need at the exact moment when they need it.
Speaker BAnd so PandaDoc is ready to fire on all cylinders to go get there.
Speaker CYeah, that's so that's such a good reminder.
Speaker CIt's like a, like a mantra that people can fuse into their day when they're responding to an email or they're trying to prioritize their to do list.
Speaker CIt's like, is this making it?
Speaker CIs this adding more friction or is this adding less friction?
Speaker CKeith says less friction or friction less.
Speaker CI actually like frictionless.
Speaker CPowerful man.
Speaker CWhat's your parting thought to our listeners tonight?
Speaker BKeith I don't know that I have a parting thought more than thanking you for having me on just phones.
Speaker BAlways fun to kind of reminisce about how I got to where I am and very thankful for it and thankful for you to allow me to share it with your listeners.
Speaker CIt's been a fun one.
Speaker CI've really enjoyed diving into the Google foundation and also seeing, you know, it's been fun to hear how you've been able to channel that so successfully, you know, through your eyes.
Speaker CAnd I can't wait to see what Pentadoc does next.
Speaker CMan, it sounds like big things are ahead.
Speaker CThanks, Keith.
Speaker BThank you.
Speaker BThanks.
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