Published Feb 12, 2025

20VC: The $5BN Company Built from the Belgian Countryside | The Story of Odoo: The Company with No Plans to Sell, IPO & Their Billionaire Founder Who Does Not Care About Money with Fabien Pinckaers, Founder & CEO @ Odoo

Explore the rise of Odoo from the Belgian countryside to a $5BN powerhouse as founder Fabien Pinckaers shares his anti-establishment vision focused on sustainable growth, innovative management, and a business model evolution that shuns IPOs and traditional profit motives, nurturing a culture that prioritizes long-term value over short-term gains.

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- How do you scale a profitable business?
  Asked by 41 people
- Is profitability important for startups?
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- How to hire great people
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- How did the experience change their startup?
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- What about Mercury Bank as mentioned in "Sarah's List" on the My First Million podcast?
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- How does the company plan to scale?
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- What are the challenges of scaling a business?
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- How did she build her business?
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- How does Greg's team hire?
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- How do you scale a business?
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- What elements contribute to a scalable business model in software companies, as discussed in the episode How I Reverse Engineered A $100 Million Exit - Jason Lemkin and the clip Scaling Success?
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- How can I scale a business effectively?
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- What sparked the idea for the business?
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- What are the challenges of scaling a business as discussed in the episode #285: Why Cold Plunging is the Hottest Thing with Ryan Duey and the clip Scaling with Purpose?
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20VC: The $5BN Company Built from the Belgian Countryside | The Story of Odoo: The Company with No Plans to Sell, IPO & Their Billionaire Founder Who Does Not Care About Money with Fabien Pinckaers, Founder & CEO @ Odoo

Topics covered

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Questions from this episode

Episode Highlights

Company Ownership and VisionFabien Pinckaers, founder and CEO of Odoo, shares his unconventional approach to business, emphasizing long-term vision over short-term profits. He discusses his decision to avoid selling or taking the company public, and his unique philosophy on investor relationships.

Company Ownership and Vision

Business Model EvolutionFabien Pinckaers shares the strategic pivots that propelled Odoo from a service-heavy model to a thriving product-focused company. He discusses the challenges of maintaining community trust and adapting pricing strategies to drive growth.

Business Model Evolution

Management PhilosophyFabien Pinckaers, founder of Odoo, revolutionizes management by discarding traditional titles and focusing on young talent. His unique approach emphasizes culture, rapid recruitment, and minimal management processes, fostering a dynamic work environment.

Management Philosophy

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