Stephanie and Kate talk about what it takes to work in a start-up, challenges facing sales leaders, how to think about measuring sales effectiveness, and more.
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(upbeat music)
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- Welcome to GTM Confessions,
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where we share what it takes
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to be a go-to-market professional today,
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because it's freaking hard,
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and it's far from the glamorous picture
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that social media often paints.
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Consider this show your weekly
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go-to-market therapy session.
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I'm your host, Stephanie Cox.
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I have more than 20 years of experience,
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and I've done almost everything
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go-to-market related in my career.
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In this episode, I chat with Kate,
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Vice President of Revenue at Audience Plus,
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about what it takes to work on a startup,
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the challenges facing sales leaders,
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how to think about measuring sales effectiveness,
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and so much more.
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- Welcome to the show, Kate.
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I'm so excited to have you.
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- I'm excited too.
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Good to see you.
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Thanks for having me.
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- So, for those of you that don't know Kate,
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she is the VP of Revenue.
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So, all things tied to revenue at Audience Plus,
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and what I really wanna talk about is sales initially,
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and how it's different at a startup
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compared to a more established company.
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'Cause I think sometimes there's a perception that,
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well, if you're good at sales at a large company,
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like a sales force Adobe, you could come to a startup,
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and it's the same.
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And you and I both know that's not the case.
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So, talk to me about how you've seen it be different.
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- For sure, I heard it referred to recently on LinkedIn
1:27
as the Magic Rep, which I had never heard before,
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which I was like, of course in love with,
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'cause that's like just convenient for me.
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But yeah, it's extremely different.
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And I've been at enterprise, on enterprise teams,
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run enterprise teams, and then been progressively smaller
1:48
and smaller startups.
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And now, being really part of a founding team,
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and around from the beginning,
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I can, I think, speak pretty confidently
1:58
to how, like, how and why it's so different.
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And I think it comes down to just,
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everything is experimental all day.
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Nothing is done yet already.
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And that's like whether you're a leader or an AE,
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or whatever it is.
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Like, if you need a resource, guess what?
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Like, it doesn't exist.
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If you're looking for a narrative or a deck or a talk track
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that you can just come in and memorize
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and then learn how to personalize,
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guess what?
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You first, you have to build it
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because it doesn't exist yet.
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And then depending on where you are on your product,
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product market fit, journey too.
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Not only once you create those assets,
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or get it down and know what you're selling
2:46
and start getting good at it,
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it has to change again.
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And because you haven't figured it out yet.
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Like, we're finally at a place in our business
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where we've got that now
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and it does get a little bit easier,
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it gets harder in other ways.
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But like, yeah, just because you have figured out the story
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doesn't mean you're telling it right
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or that that's the story.
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So always having an openness and understanding of like,
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should I be doing this entirely differently?
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And you know, there's some ways to know
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whether or not that's the case
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and whether or not it's working.
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But, and then it's also just like nobody knows you.
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So there's an incredible burden.
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Like everyone's a bit of a marketer
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from a very early stage as well.
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So it's just, it's a lot, it's a lot.
3:34
Yeah.
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- Well, I love that you said that you kind of have to come in
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and build everything.
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'Cause I think oftentimes people think,
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well, you're going to onboard a new team of burn
3:43
teach them everything.
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And yes, but not everything exists.
3:49
There's not a process for everything.
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There's not decks for everything.
3:53
You're releasing new product functionality
3:55
and things are changing.
3:56
You're constantly iterating on messaging.
3:58
It's not this kind of like beautiful little design box
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that we give someone.
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We're like, here, go do this.
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- Completely.
4:06
Yeah, when I joined, my mind tends to work
4:09
in like wanting to build a process for things
4:11
because then I don't have to like maybe F with it again
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or I can like just then it's done.
4:16
And knowing I'd be bringing on a team at some point,
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there was like a lot of whole to document things early on
4:24
until I realized like, okay, I gotta stop doing this
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'cause this is like, yes, this is such a waste of time
4:30
because it's all changed already.
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And I can't keep updating all, like this is silly.
4:35
So finally let that go.
4:37
But yeah, that's a big part of it.
4:39
- It's interesting that you say that
4:40
'cause I do think we're all conditioned to like,
4:43
especially in a startup environment
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to think about when you start scaling
4:46
and to document the processes
4:47
and like create the training materials, which like yes,
4:52
but also.
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- Yes, but also like, yes, we'll just slow down
4:56
and like, it's okay that not everything is in fact,
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it shouldn't be scalable.
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Like nothing should be scalable for a while.
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And that's like takes a minute to really take that in
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properly, I think.
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- Well, I get everyone else on board with it too,
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especially like not just your kind of like team
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that you and colleagues that you work with,
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but also like a board who wants to think about,
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it was always thinking about what's next.
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- Yeah.
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- Creating those scalable processes.
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- 100%.
5:23
- Yep.
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- Very true.
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- So in this environment where it's very nebulous,
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things are constantly changing, you're iterating.
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What do you think is like critical skills
5:35
to be successful in that like startup sales environment?
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Because I think oftentimes people think,
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"Oh, I'm really good at sales, I like doing it."
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And then they come into these environments
5:46
and they're surprised, shocked,
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they don't realize like everything that they have to do
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or how much they constantly have to iterate
5:55
on what they're doing as the company
5:58
is honestly being built.
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- Yep.
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- You know, I think,
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I think it helped for me for sure
6:08
that I have been doing this for a long time.
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Now that's not true for all eighties or sales,
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anybody who's gonna come into maybe a first
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or second sales role at a startup.
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But I'm like really used to hearing no from people.
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Like it's just like part of it.
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And it's in fact like it's a good thing.
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No means like you have an opportunity to turn it
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and do a yes.
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Like there's always no before there's yes.
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So like shedding the fear of that is the big deal
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'cause just like, I don't care, you know?
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Or like, I'll fix it, I'll turn it around
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if it makes sense to do that.
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And I trust that.
6:46
I think that's like, maybe that's just like confidence
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in itself a little bit that I know how to have
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those conversations and then prepared for them.
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I think just like then,
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curious like, you know, and I think that sales generally,
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but it's like an internal like with your team
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and you know, and external like that helps so much.
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And learning your business that helps you learn everyone
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else's while you're at it along the way
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and being close with your own CEO.
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And then I think just like, I don't know,
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being just fearless again back to the no thing,
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but like, I'm not afraid to fail.
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It will just make me smarter.
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Like it's okay.
7:33
You know, and you have to be willing to put on the work,
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which is duh, but I think, you know,
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for an A, especially someone that sells
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that's come from an enterprise organization
7:43
that maybe seems to having meetings put on their calendar
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for them, that is likely not going to be your reality.
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So just being prepared, like even if you're told it will be
7:56
like, that's probably not true.
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So being ready for the work.
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Yeah.
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- Well, I love what you said about being okay with no,
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because I think in sales,
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no matter where you're at, you hear a no a lot,
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but I think you hear it more at a startup
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'cause you're trying to figure out ICP,
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we're finding it, you're trying to figure out who to buy,
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who's gonna buy when they're gonna buy.
8:19
And additionally, like you don't have this brand recognition
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that so many larger companies have.
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So oftentimes you hear no, because they just don't know
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who you are.
8:29
100%, yeah.
8:31
It's like, it's so much education.
8:34
And it's one of those things too,
8:35
where there's like a 101 for a sales call
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that like exists for everybody.
8:40
It's how everybody gets trained, I feel like.
8:42
And yeah, there's iterations to it
8:43
and it changes over time when there's new methodologies
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and all these things.
8:46
And it's cool, it's great, but, and it should evolve.
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But also there's just like this very basic level of like,
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you don't wanna have these monologues on a sales call.
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Like a lot of even like recording software is like,
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you know, start yelling at you.
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If you've talked too much or if you,
9:03
but the thing about being in this kind of role
9:06
is that there's so much education that comes along with it,
9:08
especially if you are even somewhat of a category creator,
9:13
where you're not just like another solution for,
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I don't know, you know,
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call recording software let's say, 'cause I brought it up.
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Or like something that people know
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that they have a line item for it's in their budget.
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Like, and so you kind of have to throw some of those things
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out the window that you know you're maybe not supposed
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to do in this scenario also,
9:35
because this is just a different ballgame that you're playing.
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- But I think that's an important differentiation
9:41
because oftentimes, right, you were taught to jump
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on those first calls and do discovery and ask questions.
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And the person you were talking to is like,
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I don't know what you do.
9:50
- Yes.
9:51
- Can you please tell me what you do?
9:53
Because they're not, until you start to build a brand
9:56
and then demand's created from that,
9:58
you're typically the one reaching out to them saying,
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I think you have this problem that I can help you solve.
10:03
Let me talk to you about the problem.
10:05
- 100%, yep.
10:06
And it's like, it's how most of my calls have started
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and my time, like where I am today, I would say,
10:15
is that just like, tell me about what you do.
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And then of course you've got to weave the discovery in there
10:21
and all the other things you now have to be
10:23
have to be true to treat a prospect properly
10:27
and someone that's taken their time with you.
10:28
But yeah, there's some differences to it for sure
10:32
when you do it in this kind of situation.
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- Well, and one of the things I always loved
10:37
about when we work together is you do love to turn nose
10:40
into yasas.
10:41
You think of them as like, not now's versus permanent nose.
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And I think that's such an important differentiation
10:48
in the kind of like startup scale up world is most of the time,
10:52
it's you're doing outbound to these people
10:55
or you're getting introductions from other people
10:57
and they weren't looking for you,
10:59
they don't have a line item for you,
11:00
especially if you were, you know, this kind of new category
11:04
or a new product offering that they didn't know existed.
11:07
And so I think that's the part about being curious
11:11
that you mentioned earlier is so key
11:13
to being able to do that.
11:15
- Yeah, it's really true.
11:17
It's, you know, I think part of it has just been like,
11:21
and you know, you don't wanna,
11:23
like if I know someone's a good fit,
11:24
if I know we could help,
11:26
that's when I'm gonna work to turn that nose into a yas.
11:29
Sometimes it's just not,
11:30
that's likely where I'm not gonna be spending my time anyway.
11:33
And that's, you know, so important in the startup scenario,
11:36
but yeah, for sure, it's, it's just part of the evolution
11:41
of a conversation like this where, you know,
11:45
you're gonna try to talk yourself out of buying something
11:48
before you talk yourself into doing it
11:50
and being part of that is important.
11:52
- Yeah, well, and I think that's one of the big differences
11:55
when I think about like selling in a startup
11:57
versus selling in a more established company, right?
12:00
An established company, your kind of first call
12:03
is all about qualifying them in or out, right?
12:06
Do you have the line, do you have the buying authority?
12:08
Do you have the budget?
12:10
And you can't really do that in a startup environment.
12:13
So I think it's just completely different.
12:15
So obviously just kind of the entire sales process
12:19
and figuring out how it's gonna work for your business
12:21
is a challenge.
12:22
What are other challenges that you think someone faces
12:25
in a sales role at a company that's a early stage?
12:27
- Yeah, I think it's hard to get the attention
12:35
or the time of day.
12:39
And I'm trying to like, you know,
12:40
there's a leadership aspect to it
12:43
that I'm kind of like putting aside maybe a little bit
12:45
for this answer, which is just like thinking of it
12:47
from an AE perspective, but it's really hard
12:50
to get the time of day from anyone else on your team
12:53
and not in like a toxic problematic way even like,
12:57
you know, we've had the greatest culture.
13:01
We're a small team and a small team means that like,
13:04
if you need something done,
13:06
you gotta get scrappy and find a resource to do it.
13:10
Like again, and I touched on this earlier a little bit,
13:13
but like, you know, sales,
13:15
we always want like the perfect customer story
13:17
or the perfect asset that's gonna help support
13:20
what it is that we're doing.
13:21
And it's like, it takes them getting used to where you're like,
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okay, we don't have that.
13:27
I can't ask for it.
13:28
No one's got time to spin it up
13:30
or even like the means to do that right now today
13:32
because maybe even like,
13:33
we don't have formalized customer stories yet.
13:36
So like, how can I support that actually getting done then?
13:39
Maybe like, you know, what do we think about having that written
13:42
and who could do that?
13:43
And like, sometimes you're really just like actually outsourcing.
13:46
I mean, I have a surprising amount of sales calls
13:48
where I'm the prospect because I'm like, okay,
13:51
is there a solution for something that I can just take care of?
13:54
It doesn't maybe fall under my technical job description,
13:57
but like, it would be a difference maker.
14:00
So like, you just have to be,
14:04
I'm trying to raise the same scrappy
14:05
'cause I feel like that's such a like,
14:07
goes hand in hand with the startup conversation.
14:10
But yeah, it's that.
14:12
It's just like being extremely resourceful
14:16
because no one has time to give you the extra time
14:21
or why you need.
14:23
That's not to say the coaching, you know, here and there,
14:27
but it's kind of like a pick your battle scenario,
14:29
I think on a small team.
14:31
- Yeah, that's why I like to say part of being successful
14:34
in a startup is doing the job that's needed,
14:36
which is may not be the job you were hired for.
14:39
I think that's what you just described is,
14:41
there's a lot of things that you're gonna realize you need
14:44
that maybe in a larger organization,
14:46
another team would do that you're just gonna have to figure out
14:48
and things that other people are gonna need help on
14:50
that you maybe have done in the past,
14:53
but it aren't part of your current job responsibilities
14:56
that you can just step up and kind of help.
14:58
Everyone is truly working together to figure it all out
15:01
as the plane is being built while it's in the air.
15:05
- That's exactly right, yes.
15:08
So we talked a little bit about like establishing processes,
15:12
documenting everything.
15:14
Well, let's talk about kind of the next part of that,
15:17
which is like pipeline.
15:19
It is the most important thing at a startup.
15:22
It is also, I think, probably the most frustrating
15:25
and challenging thing at a startup
15:26
because it is constantly evolving
15:28
and you don't have a ton of good data when you get started
15:32
even as you grow 'cause your product evolves,
15:35
that where you can create predictable forecasting.
15:39
So how do you think about creating pipeline,
15:43
forecasting in a way that is maybe also
15:46
like directionally accurate
15:48
and not going crazy while you're doing that
15:52
and trying to share that with your CEO,
15:54
with the board who want predictability
15:58
and a plane that is in the air and still being built.
16:01
- Yeah, this makes me laugh because
16:06
it's an art form.
16:09
This is a benefit of an art form
16:11
'cause there's the right answer
16:15
and then there's like the reality.
16:17
And then it's like a matter of figuring out
16:20
how to bridge those to the best that you can
16:24
with what you have to work with.
16:26
I think, you know, in any,
16:30
and like in every sales role I've ever been.
16:34
Let's say sales leadership probably,
16:36
but you can waterfall all day.
16:39
And like I do, like I know based on our wind, right?
16:42
And how much pipeline we need
16:46
and how many meetings that equates to based on the race.
16:48
Me and I know ourselves like going thin
16:50
so I know what we need in order to produce acts.
16:54
And that's not a difficult math.
16:57
And then you're like, okay, you can dig a layer deeper
17:01
and you're like, what are the sources for meetings
17:04
that convert better?
17:05
And how we focus on those to make sure we're feeding
17:09
the feeding myself really ultimately.
17:12
But, and then you know,
17:15
but there's a, at the end of the, like,
17:20
so you can do all that.
17:21
There's only so many levers you can pull.
17:28
With very finite resources in a startup.
17:31
So it's kind of a situation where like even if I,
17:36
okay, so like I do all that work and I'm like, okay,
17:38
here's the number reality tells me is attainable right now.
17:43
Okay, so what can I do to affect that?
17:48
Right, first of all, like, can I throw more money at this,
17:51
more time at this, do we need to get in market?
17:53
Do we need to, whatever?
17:56
And like often there are things that can be done always.
18:00
And like, you know, but like to a point
18:04
and also like considering resources are extremely strapped.
18:09
And so it's, and then it's a little bit of a game of just
18:11
like, okay, what's the number that like I absolutely can't go,
18:15
like say we're gonna go below?
18:18
Like what's just like looks right and pretty?
18:21
'Cause I could never walk into the boardroom
18:24
and justify this number in a million years.
18:27
But like what also am I not gonna like put myself
18:30
in a tough spot by over promising?
18:33
So you know, it's a bit of a, again, an art form.
18:39
I will also say though, like again, I kind of laugh
18:43
and I love doing that work.
18:44
I think the waterfall, I think all that modeling
18:46
and all that data and those numbers are so fun.
18:49
I love that part of my job.
18:50
But at the end of the day, like our forecast
18:55
is our plan is our runway and is our forecasted NRR.
18:59
Like there's really not like just tell me
19:02
what number you need me to hit.
19:03
And then let me like let me,
19:06
doesn't look like cute when I'm asked what we're gonna hit
19:11
'cause I'm like, let's just save a little bit of time.
19:15
Just tell me what you need for me
19:17
and what we've committed to in our plan
19:18
and like let me find a way to get there
19:20
and that's when I'll model it and that's when I'll figure out
19:24
what I can do to make sure we get there.
19:27
And you know, sometimes we blow it out.
19:30
Like we've had like two of our best quarters in a row
19:35
and like that just keeps continuing to happen.
19:37
So like there, you know, it's not all,
19:38
it's not like a big negative party by any means,
19:42
but it's like a little bit of like a pool there
19:45
and to be like putting together my forecast.
19:48
It's like just maybe what you want.
19:50
We'll do my best.
19:51
- So I love that 'cause it's true.
19:54
Well, it's true.
19:54
And I think it's, I love when you say there's kind of
19:56
like the right answer and then there's reality
19:58
'cause I think, you know,
19:59
I think what it boards wanna hear is that we have
20:01
this really well-defined process
20:04
that where we can forecast with great certainty
20:07
what's gonna, we can make commits
20:09
of what's gonna close and all these things
20:11
that we can pull forward deals and I'm like,
20:13
okay, the reality is like best case,
20:16
best case is like all of this closes.
20:18
Worst case, none of it closes.
20:20
And the reality is somewhere in the middle
20:21
and we're still trying to figure it out.
20:23
And over time it gets better, right?
20:27
But I think because there's so much iteration
20:29
and ICP, the product, the pricing,
20:32
we can even talk about like market conditions
20:35
that have changed, that changed dramatically over time
20:39
that you can't force economy.
20:41
It's hard to kind of get into that predictability
20:44
that I think everyone wants startups to have
20:47
that I think fundamentally don't exist.
20:49
So I love what you think about,
20:51
tell me what the, tell me what's in the financial model.
20:53
What is like the bare minimum that we need
20:56
and from like a cash runway standpoint?
20:59
And I think that's important.
21:00
I also think it's really, really important
21:04
for sales leaders and marketing leaders and the CEO
21:09
at startups to work on that together.
21:11
I think oftentimes the financial plan
21:13
is kind of put together in this vacuum
21:16
and then like you're told, hi, your sales goal is this.
21:19
We need to three act, you know,
21:21
it's what triple, triple, double, double,
21:22
like we need to do this and that's great.
21:25
But then there's reality.
21:27
Reality is like here's what I think I could actually
21:30
reasonably deliver with the resources that we have,
21:33
the market that we have, what we've been able to prove.
21:35
I will strive to go above and beyond this.
21:37
But if you want to talk about like what should be
21:39
the bare minimum that you can feel confident
21:41
to build a model off of, here it is.
21:43
- Yeah, yeah.
21:44
I think more of that needs to happen.
21:46
'Cause I think that's where companies end up
21:48
putting unrealistic quotas on sales leaders and AEs.
21:52
And then marketing's, you know,
21:55
expected to help drive demand for an unrealistic quota
22:00
for sales and it just isn't successful.
22:02
And it's just, I think it really hurts culture
22:05
when you do it that way.
22:06
- It does hurt culture.
22:08
I also think like with risk and all those things are true.
22:11
I think with respect to a startup,
22:12
there is a degree of like, I don't know,
22:15
I don't think this has ever been harder than it is today.
22:18
And everybody's competing right now more than ever.
22:22
And for attention, if not, you know,
22:27
also the same buyer or the same budget or whatever.
22:32
With AI, it just, it just never been tougher.
22:37
And the reality is like, the runway is what it is.
22:41
And also, or like, you know,
22:44
if you're on attractive profitability
22:47
and don't wanna fundraise,
22:48
like those numbers just are what they are.
22:50
So I do think like part of the startup team mentality
22:55
means like you brace yourself and you do what you gotta do
22:59
to get there and you have to go the extra,
23:01
whether that's just like harder or smarter or whatever.
23:04
Like, you know, you've gotta have a good team
23:07
that can support being told what the number is
23:10
and finding a way to it.
23:11
Because I do think more often than not,
23:13
like in a perfect scenario,
23:14
there is alignment on what those numbers look like.
23:18
I think more often than not for a lot of teams today,
23:21
it's just like, this is what it is,
23:22
or we're not here anymore.
23:25
So it is, it's how to like handle,
23:30
handle that and not go into panic mode
23:32
and build your way to it.
23:33
- Well, and I think one of the things
23:36
that you just said around, like you're competing
23:38
for attention and for dollars in the past, you know,
23:42
a few years ago, it was you were competing for that
23:45
against competitors.
23:47
Now it's like you're competing against that,
23:49
at least if you're selling software,
23:50
against all other software that exists as well as--
23:53
- 100%.
23:54
- Even resources and it's really challenging.
23:59
And I don't know if everyone has caught up
24:03
to what that's like across any size of company,
24:06
let alone what it's like in a startup
24:08
when you don't have the brand recognition,
24:09
you don't have the resources to build or the time honestly
24:14
and runway to do that successfully.
24:19
- Yeah, although I think like it's so hard.
24:21
I think like sometimes we remind each other
24:24
that like, you know, there are a lot of bigger,
24:28
more well-known brands in the last couple of years
24:31
that don't exist anymore or have taken it on the nose
24:36
to merge or have been acquired on pennies on the dollar,
24:40
if that, you know, because of these huge fund raises
24:45
in these huge rentals in these huge teams
24:47
and all these things and it's impossible back out of that
24:52
once you're there.
24:53
So I think there is also like a bit of a,
24:55
we're like, as hard as this is, we consider ourselves lucky
25:00
as often as we can manage that, you know,
25:03
we like are doing this now today
25:06
and have the opportunity to do it the way that we are
25:08
instead of kind of being stuck.
25:10
Like I think some brands that came before us are right now.
25:14
- I think there's a lot of brands that are in that position
25:16
even right now, which is really hard.
25:19
So kind of tied to goals, I know you've, you know,
25:23
I've been in the situation, you've been in this situation.
25:26
What do you do when you have a board
25:29
that once you had a triple, triple, double, double
25:31
and grow, grow, grow and the reality is
25:35
you only have so much pipeline to work with.
25:39
When you pull things forward, that means now you have a gap
25:43
and like the next quarter, the next two quarters.
25:45
How do you try and have like those realistic sales target
25:49
and like quota conversations that, to help them understand
25:54
like it's not that you don't want to have to hit
25:57
these huge numbers, but the, you want to also set
25:59
like realistic expectations of what's going to happen.
26:02
- Yeah, I think this is where like data comes into play so well
26:07
and I think this is where lucky that like I have,
26:10
like I have the ability to manage, gather like own this part
26:15
of our business and A.E. of course, maybe isn't having
26:20
a board conversation anyway, but it's in a tougher position
26:22
to kind of justify that delta a little bit.
26:25
But I think like understanding what that delta looks like,
26:28
calling it out, like here's where we are today,
26:30
here's where we came up short, maybe in pipeline last quarter
26:33
and therefore that's what this quarter looks like realistically.
26:36
Here are, again, like our best sources for me.
26:41
Here's what closes when we got them on the line
26:43
and here are the following, here's like what,
26:45
here's how the numbers break down,
26:47
here's what we're going to need incrementally
26:48
in order to make it happen and quickly because of sale,
26:52
like so, you know, we've got this month
26:54
that it's extremely important to start this conversation.
26:56
So we've got time for the quarter
26:58
and like this is how we're doing that.
27:00
And so it being like just like extremely,
27:02
I think very proactive both with communication
27:06
and what we're doing about it.
27:10
I think the bigger problem is like the surprises.
27:15
So, you know, it's like, it's not a fun conversation
27:20
no matter what, but it's worse to over promise
27:23
and under deliver than just a like,
27:26
and duh, but like then to say like, hey,
27:28
here's like we've got, we've identified a gap.
27:31
Here's how we're working a result already today.
27:34
And here's how we're holding ourselves accountable to that.
27:37
And here's what we're going to adjust maybe as well
27:39
if like we're falling off track of that.
27:42
So, and then you got to do it.
27:45
But I think like the beginning of that
27:48
is like having good data that tells you those things.
27:51
So I'm a pretty, I'm a pretty big like stickler
27:55
with like Salesforce cleanliness as my team knows.
28:00
And, but it's for a reason and it's because then
28:04
it allows me to speak intelligently about my business
28:08
and be able to address those things and answer questions
28:12
and not like sound like an idiot
28:14
'cause I don't know the reality of what's going on
28:16
or can't identify those problems.
28:19
- Yeah.
28:19
So what metrics do you find are most essential then
28:22
for measuring like sales effectiveness at the stage?
28:25
- Yes.
28:28
- So I think ultimately G-R-R is actually like the biggest thing.
28:35
I think it's also the toughest,
28:43
like it's the toughest at a startup.
28:48
And that is like how much are you,
28:51
and you don't want to just be replacing churn with more deals.
28:55
Right?
28:56
Like that doesn't solve anything.
28:59
You want to be continuing to growing,
29:01
retaining the revenue that you have
29:03
and adding on top of that.
29:04
So like, but you know, talked about product market
29:09
fit earlier, that can be hard to do for the first couple
29:12
of years, potentially first year, first whatever it is
29:15
because you've not like quite figured out
29:16
the right way to do it yet.
29:19
That number identifies whether or not you're starting to,
29:23
I think first of all, like what's happening with renewals
29:27
is the signal for whether or not you're selling the right way.
29:33
So that's a big, a big, big thing.
29:37
And then I don't know, the other things are just like
29:41
some of the more basic, I think stuff,
29:46
they're still really finding makes sense and whatever,
29:48
but like a CV, how much are you selling for?
29:52
What's your win rate?
29:53
What percent of meetings booked if you're measuring that way?
29:57
Which is, I think the way it should be measured are
30:00
and in a close one and like knowing what's good
30:04
and what you're aiming for and knowing again,
30:08
and like as you get a little bit smarter
30:11
and a little bit more sophisticated,
30:13
what do you need in terms of pipeline?
30:16
What has been your like month over month
30:19
or quarter of quarter average in terms of meetings booked
30:22
and where have those meetings come from?
30:24
And what can you do to maybe automate some things
30:29
and channels a little bit better
30:30
so maybe you can focus on some other areas?
30:33
So just like following the journey of where the revenue
30:39
is coming from beginning to end is really important
30:43
and then again paying really close attention
30:47
to renewal cycles and who's happy and who's sticking with you.
30:52
- So when do you think about, you mentioned renewal cycles,
30:57
where do you think in a startup,
31:00
renewals should sit because oftentimes you have like
31:05
a sales team which is responsible for bringing new customers,
31:07
customer success is responsible for retaining and upselling,
31:11
but so much of what you're trying to figure out
31:14
is not just how to bring on new customers
31:16
but how to make sure you're bringing on
31:17
the right customers long term.
31:19
So yeah, and I know it's different for every organization
31:22
but how are you thinking about that today
31:24
and how would you suggest others think about it?
31:27
- Yeah, I mean, it's definitely,
31:29
we're lucky we've got like an all-star CS leader
31:33
shout out Clayton who is experienced
31:39
and owns the number ultimately.
31:42
We spend a lot of time one by one.
31:49
In fact, I have that meeting this afternoon.
31:51
Like going through customers one by one
31:54
and just talking about like where we are,
31:57
we've got a bit of a matrix we've been able to build
31:59
that takes into consideration like product utilization
32:03
and then just like the things you can't quantify
32:06
like how much do they like us?
32:08
Like, you know, there we have that helps us measure
32:12
like who is maybe at risk a little bit
32:16
'cause that can fall into a different,
32:18
a couple different buckets
32:19
and how you identify those individuals.
32:21
But it's, I mean, it sounds like so cliche
32:24
but it's such a team effort.
32:25
I would say probably like least of all mine,
32:28
although I'm bringing in the initial business,
32:31
I truly have to like kind of and I stay involved
32:35
and I'm in market a lot.
32:36
We do a lot of like customer dinners and visits
32:39
and all those things, but I largely have to focus
32:41
on top of funnel for us to continue to hit those goals
32:45
but our CEO is hugely involved in our customer meetings
32:50
and journeys and then also I didn't say
32:56
but our CS leaders also our product leader
32:58
which I think is also just extremely beneficial.
33:02
Would it be great if his workload didn't look like that
33:05
and that was two people's roles?
33:06
Yes, it would still be extremely important
33:08
that both of those roles are very, very much involved in
33:11
in the customer relationship
33:16
because of how much that affects signals ultimately.
33:18
- Well, I know you just mentioned how your CEO
33:24
and your CS leader and you are involved in customer knows
33:27
but how do you think about the roles that they can play
33:29
like in the initial sales process?
33:32
Like when do you think about bringing someone in?
33:35
- Yeah. - And does that always happen
33:38
or does it really depend on the situation?
33:40
- Definitely dependent on the situation.
33:43
Our sales cycle length is often fairly short.
33:52
It's not unheard of to have a turnaround to be within
33:57
a week or two by any means and we've even had like
34:02
significantly shorter than that at times
34:04
because if it's a good fit, it's a really good fit
34:06
and it like makes so much sense kind of thing.
34:08
So, and also I think just like in this world of
34:12
self service and information and like,
34:17
if I hear one more person tell me,
34:19
no one wants to talk to a sales person,
34:21
you know, like kind of process you have to be as easy
34:25
as possible to buy from.
34:29
And that means like, I tackle it all
34:33
in a first-meltz meeting.
34:34
Like you're gonna get pricing, you're gonna get a demo
34:36
and like thankfully our product,
34:38
we have a lot of enterprise customers.
34:40
So it's not that it's not an enterprise solution,
34:43
it's just like there's not like intense systems
34:48
and data and things that we're working with
34:51
that are scary which is what makes this possible
34:54
and makes it lucky for me,
34:56
which is 'cause it's a lot more fun for me personally
34:59
in this scenario, but like we move pretty fast.
35:02
So all that say like a lot of the time,
35:03
it's really just me that's doing it.
35:05
And then everybody comes in, you know,
35:08
when we do like a knowledge transfer,
35:10
everybody's involved in that conversation.
35:11
Our CEO, our product and sales leader
35:15
is involved in that conversation.
35:17
And then in probably about like,
35:21
I don't know 75% of the time,
35:22
we're all able to make the kickoff as well.
35:24
Like our CEO is involved in those calls too
35:28
as much as possible.
35:31
I will bring in the CEO though,
35:33
and this is a little bit of a startup thing too, I think.
35:35
Like, you know, sometimes I might not be the best person
35:39
to have the conversation though.
35:41
Like if I am talking to another CEO founder,
35:48
maybe Jonathan as the CEO founder should be having
35:55
the conversation and like I have to like let my go
35:57
of my pride and be fine with it,
35:59
which I'm over at this point.
36:01
Sometimes I'm like, I wish I owned this
36:03
'cause you're not like doing what I want you to do.
36:05
But he's pretty good about listening to me.
36:08
But so, you know, if anything,
36:10
it's usually like passing things off to him
36:13
or being like, I'm adding you to this meeting
36:15
and letting you take it.
36:16
And also just like for better or for worse,
36:19
sometimes there's like cues about like maybe the,
36:22
who the person is, you know, my founders and well,
36:28
not gonna like go on and on about, you know, that today.
36:33
But like sometimes he's the better person
36:36
to have the conversation,
36:37
depending on who the person is,
36:38
if it's the best interest in business.
36:40
So, and then also like just the typical maybe
36:44
if I've got like an entire leadership team,
36:46
just to balance things out,
36:48
balance things out, I'll have him join me.
36:50
Just so it's not just me maybe,
36:53
but I'd say like, you know, seven out of 10 times,
36:57
maybe even more than that, it's just me
36:59
and I'm not bringing anybody else in.
37:01
- So we've talked a little bit about some market conditions
37:06
and how they can impact sales.
37:08
How, and it's more crowded than ever right now.
37:13
What role do you think market conditions
37:16
just in general are playing right now
37:18
and how can you attempt to combat them
37:20
because they are so unpredictable?
37:24
- Yeah, that's such a tricky one because it's very real.
37:28
And you can ask anybody that is an enterprise staff,
37:33
same particular today, but a lot of other ecosystems as well.
37:38
Like it has a real impact, a real significant impact.
37:44
And I think everybody,
37:45
I mean, I think like for better for worse COVID helped
37:48
normalize that a little bit in that like,
37:52
are and not, you know,
37:54
there's a difference between the board understanding
37:56
that that's true and like giving you any room
38:01
to speak to that being true.
38:04
But I think at least like an outcome of the last few years
38:09
we've all been through has given the like kind of communal
38:13
understanding that like this shit's hard right now.
38:16
And it's hard for everybody right now.
38:19
But at the end of the day, it doesn't fucking matter.
38:21
Sorry, bye.
38:22
It doesn't matter.
38:26
So you can, 'cause it's like,
38:27
and I think it's ingrained in me too,
38:29
just from like time and doing this like,
38:33
you have to take ownership for what has gone wrong.
38:37
And like as much as the market is the elephant in the room
38:41
and there's always gonna be some mention of like that.
38:44
And I think it comes out by way of like,
38:45
here's the customers we've lost
38:47
'cause they've merged with each other.
38:49
Or like, here's the customers we've lost
38:52
'cause they went out of business.
38:53
So like, I can't affect that at all.
38:58
I wish I could have kept an emphasis.
39:00
I'm super busy over here.
39:02
So like, you know, I think like the,
39:05
it comes out in a variety of ways.
39:07
But again, at the end of the day, it doesn't matter.
39:10
Everybody's in the same boat.
39:12
I think there's like pros and cons to the stage of business
39:14
that people are in today and whether or not
39:16
that makes this easier or harder to get through.
39:18
And I think you could argue both sides of that
39:21
for everybody right now.
39:23
But it is just like a lesson in like,
39:28
put your head down,
39:30
maybe get off LinkedIn for a minute
39:34
and just like, keep going.
39:38
And think about how to break through the noise.
39:42
And then just like think about, you know,
39:44
if you're lucky enough to sell a solution
39:45
that is a difference maker from a business perspective,
39:49
which hopefully, you know, we all are,
39:53
we all know that's not true
39:54
or else there's a lot of competition for similar things.
39:57
But like, if you focus on like what people are,
40:01
what the pains are that can help people solve
40:04
the issue that they have that's like impactful
40:08
to their bottom line.
40:10
And you have relentless focus on that
40:12
and relentless focus on your ICT.
40:16
You gotta do what you gotta do.
40:18
- Well, and I think your perspective that,
40:23
you know, your example of there's companies
40:25
that are getting acquired merging together,
40:28
there are companies going out of business,
40:30
there are things happening, you know,
40:33
politically, economically, that are drastically
40:35
changing the landscape that we as software leaders
40:39
can do absolutely nothing about.
40:41
- Right. - With that, with that said,
40:43
I think, you know, there's the recognition of,
40:47
hey, these are market conditions impacting our business.
40:49
Here is what I'm going to do as a result,
40:52
not to fix those problems 'cause I can't,
40:55
but because like, hey, if we're getting a single lot
40:57
of customers go out of business,
40:59
I, you know, obviously our insurance going up,
41:02
we're gonna need to bring in more sales
41:04
to kind of compensate that from a revenue perspective.
41:06
Here's my plan to try and tackle that problem.
41:08
And I think that it's just an interesting flip
41:11
on this situation 'cause I think sometimes people want to say,
41:14
well, you know, use market conditions,
41:17
we can't do anything and unless you sell
41:20
into like one specific industry or buyer
41:23
that has been like a decimated,
41:25
chances are you can do something,
41:27
it's just not fixing that problem,
41:29
it's looking for a completely different solution
41:31
to address what the problem caused for business.
41:34
- Yeah, 100%, 100%.
41:36
Yep.
41:37
And there are those industries that have been decimated.
41:41
Like that exists too,
41:42
where like there are some that just like, hey,
41:45
but I think like taking the ownership
41:48
of controlling what you can add is all you can do.
41:53
And I think like emotionally and then also like,
41:56
quantifiably like that is the only way to get through it also.
42:01
- 'Cause it is a roll-up of Sir,
42:04
being an early stage company.
42:06
There are days, I know you and I've talked about this before
42:09
where you are like so excited,
42:13
you're gonna like eventually get acquired
42:16
for like billions of dollars and change the world.
42:19
And then there are days where it's like,
42:21
something happens like in the market
42:23
that you have nothing to do and you're like,
42:24
you didn't see it coming and it's like being punched
42:26
in the face.
42:27
And then 10 minutes later, you have a great sales call.
42:30
It's just constant up and downs.
42:32
And I think having like a positive like optimistic perspective
42:37
is important with also like a sense of realism.
42:41
So that balance I think is really critical
42:45
with every minute going on in the world today.
42:47
- That's 100% sense of realism,
42:49
like maybe sets a few more.
42:51
- Yes. - A little bit too.
42:52
- Oh shit.
42:53
- It does.
42:55
- There's only so much you can do.
42:57
- There is.
42:58
So last question for you,
43:00
what is your biggest go-to-market confession?
43:02
, okay.
43:12
I was thinking about this this morning
43:15
from a LinkedIn post speaking of LinkedIn that I saw.
43:18
I, and I don't know if like maybe this is like
43:21
a little bit more on the personal side.
43:23
I refuse to believe and I refuse to quote anyone,
43:28
anymore ever again.
43:31
Well, I have a team member at some point
43:35
who's tasked with doing that.
43:36
I don't know, never say never,
43:38
but like I have not made one cold call
43:43
at the Juice or Audience Plus.
43:46
I will not be doing it.
43:48
Maybe I've done so many that I can't anymore.
43:53
I've reached my limit.
43:54
Maybe I get so many that I refuse to believe.
43:57
And like I know people do it really well.
43:59
Maybe I just suck at it to you at this point.
44:01
I guess just not having done it in a long time.
44:03
And I don't, you know, but like I'm not going to.
44:07
- I'm not doing it.
44:09
- I applaud you for that.
44:11
Because I think it goes back to like the market.
44:13
Like I think things have changed.
44:15
That worked really well, but now it's,
44:19
and I think part of it's like software that has caused it.
44:22
This is why I feel like sales and marketing tech
44:26
gets regulated by the government so often
44:28
is because like we get new software
44:30
and then we make like poor choices.
44:32
- Yeah.
44:33
- And they have to do something about the poor choices
44:36
that we've made.
44:36
But right now it's just like there's so many people,
44:39
you know, that are constantly calling
44:42
with like parallel dialers and automated email sequences.
44:45
And it's, I don't know who you are.
44:48
I don't know where you got my information.
44:50
I am not interested.
44:51
Please stop calling me.
44:53
- Yeah, I know that there's a way to do it well.
44:57
- I do and I have done it for the record.
44:59
Like, you know, 15 years ago or whatever.
45:03
Well.
45:06
- So it was a different world.
45:06
- But it was a different world.
45:07
And also, but also like, I don't know.
45:10
If your first like opportunity
45:13
for an impression with someone is that you're annoying.
45:17
That's just not like there are better ways today
45:20
and smarter ways to like identify where to spend your time.
45:23
That's not.
45:25
I'm not trying, like, I'm not gonna bug people.
45:28
It's annoying.
45:29
Like there's no way around it.
45:31
- Yes.
45:32
- That's not how I want to start a relationship with somebody.
45:35
So I just, I won't do it.
45:37
I do, I will say though, like I really respect people
45:42
that do it all day because I have done it
45:44
and it's the worst and it's extremely hard work.
45:48
But it's not happening.
45:49
- You've been listening to G-Tame Conpassions.
45:53
If you love what you've heard,
45:55
make sure to subscribe, rate and review our podcast.
45:57
And don't forget to tell a friend.
45:59
(upbeat music)
46:01
(upbeat music)