Inside monday.com’s transformation: radical transparency, impact over output, and their path to $1B ARR | Daniel Lereya (Chief Product and Technology Officer) | Lenny's Podcast: Product | Growth | Career | Podwise
Inside monday.com’s transformation: radical transparency, impact over output, and their path to $1B ARR | Daniel Lereya (Chief Product and Technology Officer)
This episode explores the evolution of monday.com, focusing on the counterintuitive lessons learned during its eight-year journey from a small startup to a $1B ARR company. Against the backdrop of initially slow product development, the company underwent a transformative shift after realizing competitors were shipping much faster; this spurred a radical change in their approach, exemplified by the ambitious goal of launching 30 new product columns in a single month. More significantly, the discussion highlights the importance of focusing on impact rather than simply shipping features, emphasizing the need to define clear goals and measure their effect on user behavior. For instance, the company's experience with AI blocks revealed that even with positive user feedback, low adoption rates pointed to a need for immediate action to improve accessibility. The interview also delves into the unexpected benefits of radical transparency, fostering a sense of partnership and shared responsibility among employees. Ultimately, the conversation underscores the importance of embracing bold moves, adapting to changing circumstances, and fostering a culture of continuous learning and improvement, even when facing moments of crisis. This approach, coupled with a relentless focus on impact and user feedback, has been instrumental in monday.com's remarkable growth.
