Digestly

Dec 19, 2024

Live Workshop Wednesday: A Tactical Guide to Multiproduct with Dennis Lyandres, Former CRO @ Procore

SaaStr - Live Workshop Wednesday: A Tactical Guide to Multiproduct with Dennis Lyandres, Former CRO @ Procore

Dennis Leandrus, former CRO at Procore, emphasizes the significance of a multi-product strategy for business growth. He highlights the need for intentionality and alignment across product development, corporate resources, and go-to-market strategies. Leandrus shares insights from his experience at Procore, a construction software company that evolved from a single-product to a multi-product platform, achieving over $1 billion in ARR. He stresses the importance of integrating product strategy with market needs, using Procore's journey from project management to financial solutions as an example. Leandrus also discusses the role of customer relationships in multi-product success, advising companies to leverage existing customer bases for new product launches while being mindful of the challenges in changing established workflows. He suggests treating multi-product initiatives like startups, with dedicated teams and strong leadership connections, to ensure successful integration and market adoption.

Key Points:

  • Intentionality is crucial in multi-product strategy, requiring alignment across product, resources, and market strategies.
  • Procore's evolution to a multi-product platform was driven by strategic alignment and customer-centric approaches.
  • Customer relationships are vital for multi-product success; leverage existing bases but be aware of workflow challenges.
  • Treat multi-product initiatives like startups, with dedicated teams and leadership support for successful integration.
  • Training and development are essential to ensure teams can effectively market and support new products.
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