She turned 100+ rejections into a $42B company | Melanie Perkins
Melanie PerkinsSpeaker- Lenny RachitskyHost
Key ideas
Perkins teaches planning backward from a wild future, solving one group's real problem well, setting crazy big goals, using rejections to sharpen the pitch, and listening to users.
From a machine transcript of the audio. Quotes link to the moment they are said.
- 1
Dream first, then add clarity
Perkins contrasts stacking the bricks around you with imagining the future you want and working toward it, which she calls column B, and says column A for a student with no experience would have been not very much. She suggests asking what wild success and terrible failure look like in 10 years, then taking a first step however small. Inside Canva she calls this going from chaos to clarity: an idea gets written down, turned into a pitch deck, designs and then a prototype, and she admits the first step feels embarrassing.
- 2
Solve a real problem for few first
Perkins says they did not worry about competitors and instead looked for a gap where people had a core problem today: with her first company, Fusion Books, that was yearbooks in Australia, where they spoke to every customer and gave phone tutorials. Canva came out of that a few years in, when a school asked to use the product for newsletters and she says they found nothing on the market for those other uses. She warns against a solution looking for a problem.
- 3
Set goals that make you feel inadequate
Perkins says a reasonable goal gets dropped when the first roadblocks come, while a crazy big one you truly want justifies years of work. Canva splits its mission into pillars such as every language and every device, sets goals in each and marks hits with things like smashed plates and released doves. She concedes timing is unreliable: a front-end rewrite expected to take six months took two years without shipping product, and the team tracked it with bath toys on a game board.
- 4
Let rejections rewrite your pitch
Perkins says she thought investors were wrong, yet treated objections about market size, similar companies or an unfamiliar industry as new slides until the deck pre-answered them. She says the vision stayed fairly consistent while the way it was told changed, mainly by explaining the problem before the solution. She advises focusing on what you can control, your deck and how many people you talk to, and accepting that some investors will never like you.
- 5
Build the future and close loops
Perkins describes product as two parts: building toward the mission and listening to the community. She says Canva gets more than a million requests a year, tallied and sent to product teams, with more than 200 loops closed this year, from gradient text to its Sheets product. She also relies on online user tests, says she has personally run hundreds if not thousands, and finds people more frank alone with their camera.
In Melanie’s words
“I think it's better to solve a small number of people's problem really well than trying to solve a large number of people's problem not very well at all.”
Melanie Perkins·She turned 100+ rejections into a $42B company | Melanie Perkins·Watch at 52:29(opens the original in a new tab)“I think the thing that I love about a crazy big goal is that you feel completely inadequate before it.”
Melanie Perkins·She turned 100+ rejections into a $42B company | Melanie Perkins·Watch at 15:38(opens the original in a new tab)“And so while it was extraordinarily frustrating, their feedback made us stronger and made our pitch deck stronger.”
Melanie Perkins·She turned 100+ rejections into a $42B company | Melanie Perkins·Watch at 27:53(opens the original in a new tab)About this entry
- Published
- Nov 2, 2025
- Channel
- Lenny's Podcast
- Type
- Video
- Length
- 1:06:10
- Language
- English
- Added
- Nov 2, 2026
- Source last checked
- Nov 2, 2026
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Draft. Written by us with AI from a machine transcript of the video’s audio (Whisper) and checked against it. Machine transcripts can mishear; each quote links to the moment so you can hear it. Not yet rights-reviewed.
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