SlideShare a Scribd company logo
VERONIKA RIEDERLE
CEO
Demodesk
LAUREN WRIGHT
VP Revenue
Demodesk
Navigating the Rocky Road from
Founder-Led Sales to The First
Dozen Sales Professionals
The stages of growth
Product Market Fit
Founder
Predictable
Sales Team
Scalable/Repeatable
Sales Org
Brick by brick
$0-$1m
Building systems
$1-$10m ARR
Hyper Growth Team/
Market & Product
Expansion
$10m- $20m+ ARR
How to get the first 10 customers
● Friends & family
● Users -> customers
● 24/7 founder support
Understanding customer acquisition
Scraping LinkedIn Hacking Product Hunt Cold Calling
Building a founding revenue team
Tenacious
Hungry
Something to prove
Curious
Builder
Missionary
Intellect
Early sales rep DNA Iterate & Improvise
Prospect everywhere
Focus on results
Accept inefficiency
Do whatever it takes
Build relationships
Sell the vision
Duck tape & workarounds
Step guide to revenue growth
Experiment Scale
Go-to-Market Fit
2
Product-Market Fit
1 Growth and Moat
3
Goal of Phase Customer Success Unit Economics Growth & Moat
Target Market Early Adopter Early Majority Late Majority
GTM Process Customer Success Focused Codify Codify into Systems
Sales Hiring Process Builder Process Executor Role Specialist
Demand Gen. Personal Network & Referrals Scalable, Measurable Medium Many Mediums, Aligned w/ Sales
Pricing Solve for Customer Commitment Solve for Unit Economics Assess Disruption Risk
Compensation Based on Customer Success Customer Success + Unit Economics Add Promotion Path
Define Customer Success measurement to scale
Measure Product-Market-Fit using your
CUSTOMER SUCCESS LEADING INDICATOR
● Observable in weeks or months, NOT quarters or years
● Measurement can be automated
● Ideally correlated to the product CVP
● Repeat purchase, referral, setup, usage, ROI - are all
common. Revenue is usually a mistake
● OK to use multiple metrics
Slack
2,000 Team
messages sent
Dropbox
1 file added to 1 folder on 1 device
HubSpot
5 of 20 features within
60 days
To scale sustainably set up and measure
GTM SPEEDOMETER
● Define acceptable percentage of customers reaching value
● Measure by customer cohort
● Establish a pace, not a single hiring target (i.e hire 1 rep per
month, not 10 tomorrow)
● Monitor GTM Speedometer. If it looks good, increase your
speed. If it breaks, slow down and adjust
● Scale and iterate until you reach sustainable Unit
Economics (CAC/LTV > 3, Payback Period < 12 months)
Ruthlessly define your ICP
1) What central challenge are we solving and how
are we solving for this?
1) Understand and map out buyer journey (so far):
awareness/consideration/evaluation/decision
1) Define and REDEFINE your Ideal Customer
Profile (Who are the ideal NEXT 100 customers)
Aha Moments and Measurements
Incremental Maturity Stages
Solid unit revenue
economics to scale a
revenue organisation
Successful initial
acquisition &
growth/retention team
Can this be sold when the
Founder isn’t involved?
What problem are we
solving and is it big
enough?
❏ Customers will
pay for it
❏ Many customers
will pay for it
❏ Upsell /
expansion is
starting to
happen
❏ At least 1 non
founder is
productive /
performing
❏ Another sales
rep is on track
❏ Upsell /
expansion is
happening
❏ Generating
predictable
pipeline
❏ 30% conversion
qualified to CW
❏ Healthy net
churn / NRR >
100%
❏ 80% of reps at >
80% to target
❏ Predictable and
efficient ramp /rep
payback
❏ Unit economics
drive attractive
forward ARR
model + CAC
payback
Ideally you’ve got it all figured out at each stage
What problem are we
solving and is it big
enough?
Can this be sold when
the Founder isn’t
involved?
Successful initial
acquisition &
growth/retention team
Solid unit revenue
economics to scale a
revenue organisation
● ’Things have
changed’
narrative
● PLG / fast first 100
● Pricing
● Tools
● Basic Sales
Process
● Acquisition Model
/ Machine
● Operational
cadence
● Sales
Methodology
● Playbooks
● Expansion/growth
playbook
● New markets /
upmarket
● Upsell / cross-sell
strategy
What actually happens
● Hiring too many people too fast without a plan to productivity
(leads/onboarding program/sales playbook)
● Scaling when a piece of the puzzle is still broken
● No playbooks or lack of adherence to your proven science - rep failure
and fallout
● Deviating from the core problem you’re solving
● Burn, baby burn
Absolutely nothing works if you can’t nail hiring
Hiring is the most challenging and potentially detrimental piece of the puzzle
● No employer brand
● Failure rate is high (1 in 4)
● Labour market conditions are
challenging: wage pressure / the
great resignation
● Amazing talent is not always the
right talent - don’t get logo allure
Challenges
● Define your sales DNA and hire,
promote, and scale to those core
characteristics
● Build (and measure the
effectiveness of) a sales
onboarding program early
● Pace your scaling according to
passing specific ‘maturity gates’
to prevent premature scaling
(aka burn)
How to survive
How to build a sales organization from scratch
My Top Takeaways
Hustle
Hire the right talent
for every stage
Nail your ICP and
buyer journey
Figure out unit
economics before
you scale
THANK YOU

More Related Content

Similar to Navigating the Rocky Road from Founder-Led Sales to The First Dozen Sales Professionals

Ignite your sales team up in the air
Ignite your sales team up in the airIgnite your sales team up in the air
Ignite your sales team up in the airShoaib Anwer Qambrani
 
How you scale your marketing smarter - Pandemic or not
How you scale your marketing smarter - Pandemic or notHow you scale your marketing smarter - Pandemic or not
How you scale your marketing smarter - Pandemic or not
Marketo
 
Innovative eLearning in Sales: The Modern Essentials for Sales Onboarding Eff...
Innovative eLearning in Sales: The Modern Essentials for Sales Onboarding Eff...Innovative eLearning in Sales: The Modern Essentials for Sales Onboarding Eff...
Innovative eLearning in Sales: The Modern Essentials for Sales Onboarding Eff...
Shelley Reece
 
Growth Marketing for Startups by WeWork Labs & Jim Huffman
Growth Marketing for Startups by WeWork Labs & Jim HuffmanGrowth Marketing for Startups by WeWork Labs & Jim Huffman
Growth Marketing for Startups by WeWork Labs & Jim Huffman
Jim Huffman
 
Launchub sales 2020
Launchub sales 2020Launchub sales 2020
Launchub sales 2020
Vladimir Rusev
 
Building a SaaS Startup | Fernando Okumura | Lunch & Learn
Building a SaaS Startup | Fernando Okumura | Lunch & Learn Building a SaaS Startup | Fernando Okumura | Lunch & Learn
Building a SaaS Startup | Fernando Okumura | Lunch & Learn
UCICove
 
Five steps of startup go to-market
Five steps of startup go to-marketFive steps of startup go to-market
Five steps of startup go to-market
Guy Turner
 
How to Setup Growth and CRM Teams to Succeed in 2020 with Saket Toshniwal of ...
How to Setup Growth and CRM Teams to Succeed in 2020 with Saket Toshniwal of ...How to Setup Growth and CRM Teams to Succeed in 2020 with Saket Toshniwal of ...
How to Setup Growth and CRM Teams to Succeed in 2020 with Saket Toshniwal of ...
MoEngage Inc.
 
From SDR to AE: Becoming a Powerhouse Sales Professional
From SDR to AE: Becoming a Powerhouse Sales ProfessionalFrom SDR to AE: Becoming a Powerhouse Sales Professional
From SDR to AE: Becoming a Powerhouse Sales Professional
Tenbound
 
Business summary template_2015
Business summary template_2015Business summary template_2015
Business summary template_2015
a9653217 asd
 
Basics of Digital Marketing.pdf
Basics of Digital Marketing.pdfBasics of Digital Marketing.pdf
Basics of Digital Marketing.pdf
DhSthh
 
Webinar: Using Agile Marketing to Drive Bottom-line Revenue
Webinar: Using Agile Marketing to Drive Bottom-line RevenueWebinar: Using Agile Marketing to Drive Bottom-line Revenue
Webinar: Using Agile Marketing to Drive Bottom-line Revenue
Redbooth
 
Fundraising Messaging That Works
Fundraising Messaging That WorksFundraising Messaging That Works
Fundraising Messaging That Works
Parth Mukherjee
 
Introduction to Agile Marketing
Introduction to Agile MarketingIntroduction to Agile Marketing
Introduction to Agile Marketing
Will Egan
 
The Ideal Prospect Fit
The Ideal Prospect FitThe Ideal Prospect Fit
The Ideal Prospect Fit
Luca Mastrorocco
 
When You Suddenly Realize The Sales Process Is Broken
When You Suddenly Realize The Sales Process Is BrokenWhen You Suddenly Realize The Sales Process Is Broken
When You Suddenly Realize The Sales Process Is Broken
Tenbound
 
Strategies for Managing Sales Teams: How to find, select and compensate these...
Strategies for Managing Sales Teams: How to find, select and compensate these...Strategies for Managing Sales Teams: How to find, select and compensate these...
Strategies for Managing Sales Teams: How to find, select and compensate these...
MaRS Discovery District
 
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-MachineSales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-MachineTara Crawford
 
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-MachineSales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-MachineTaylor Miller
 
B2B Sales - an holistic overview
B2B Sales - an holistic overviewB2B Sales - an holistic overview
B2B Sales - an holistic overview
Klaus-M. Schremser
 

Similar to Navigating the Rocky Road from Founder-Led Sales to The First Dozen Sales Professionals (20)

Ignite your sales team up in the air
Ignite your sales team up in the airIgnite your sales team up in the air
Ignite your sales team up in the air
 
How you scale your marketing smarter - Pandemic or not
How you scale your marketing smarter - Pandemic or notHow you scale your marketing smarter - Pandemic or not
How you scale your marketing smarter - Pandemic or not
 
Innovative eLearning in Sales: The Modern Essentials for Sales Onboarding Eff...
Innovative eLearning in Sales: The Modern Essentials for Sales Onboarding Eff...Innovative eLearning in Sales: The Modern Essentials for Sales Onboarding Eff...
Innovative eLearning in Sales: The Modern Essentials for Sales Onboarding Eff...
 
Growth Marketing for Startups by WeWork Labs & Jim Huffman
Growth Marketing for Startups by WeWork Labs & Jim HuffmanGrowth Marketing for Startups by WeWork Labs & Jim Huffman
Growth Marketing for Startups by WeWork Labs & Jim Huffman
 
Launchub sales 2020
Launchub sales 2020Launchub sales 2020
Launchub sales 2020
 
Building a SaaS Startup | Fernando Okumura | Lunch & Learn
Building a SaaS Startup | Fernando Okumura | Lunch & Learn Building a SaaS Startup | Fernando Okumura | Lunch & Learn
Building a SaaS Startup | Fernando Okumura | Lunch & Learn
 
Five steps of startup go to-market
Five steps of startup go to-marketFive steps of startup go to-market
Five steps of startup go to-market
 
How to Setup Growth and CRM Teams to Succeed in 2020 with Saket Toshniwal of ...
How to Setup Growth and CRM Teams to Succeed in 2020 with Saket Toshniwal of ...How to Setup Growth and CRM Teams to Succeed in 2020 with Saket Toshniwal of ...
How to Setup Growth and CRM Teams to Succeed in 2020 with Saket Toshniwal of ...
 
From SDR to AE: Becoming a Powerhouse Sales Professional
From SDR to AE: Becoming a Powerhouse Sales ProfessionalFrom SDR to AE: Becoming a Powerhouse Sales Professional
From SDR to AE: Becoming a Powerhouse Sales Professional
 
Business summary template_2015
Business summary template_2015Business summary template_2015
Business summary template_2015
 
Basics of Digital Marketing.pdf
Basics of Digital Marketing.pdfBasics of Digital Marketing.pdf
Basics of Digital Marketing.pdf
 
Webinar: Using Agile Marketing to Drive Bottom-line Revenue
Webinar: Using Agile Marketing to Drive Bottom-line RevenueWebinar: Using Agile Marketing to Drive Bottom-line Revenue
Webinar: Using Agile Marketing to Drive Bottom-line Revenue
 
Fundraising Messaging That Works
Fundraising Messaging That WorksFundraising Messaging That Works
Fundraising Messaging That Works
 
Introduction to Agile Marketing
Introduction to Agile MarketingIntroduction to Agile Marketing
Introduction to Agile Marketing
 
The Ideal Prospect Fit
The Ideal Prospect FitThe Ideal Prospect Fit
The Ideal Prospect Fit
 
When You Suddenly Realize The Sales Process Is Broken
When You Suddenly Realize The Sales Process Is BrokenWhen You Suddenly Realize The Sales Process Is Broken
When You Suddenly Realize The Sales Process Is Broken
 
Strategies for Managing Sales Teams: How to find, select and compensate these...
Strategies for Managing Sales Teams: How to find, select and compensate these...Strategies for Managing Sales Teams: How to find, select and compensate these...
Strategies for Managing Sales Teams: How to find, select and compensate these...
 
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-MachineSales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
 
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-MachineSales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
Sales-Leaders-Guide-to-Building-a-Revenue-Generating-Machine
 
B2B Sales - an holistic overview
B2B Sales - an holistic overviewB2B Sales - an holistic overview
B2B Sales - an holistic overview
 

More from saastr

Workshop Wednesdays with Jason Lemkin, CEO @ SaaStr
Workshop Wednesdays  with Jason Lemkin, CEO @ SaaStrWorkshop Wednesdays  with Jason Lemkin, CEO @ SaaStr
Workshop Wednesdays with Jason Lemkin, CEO @ SaaStr
saastr
 
Workshop Wednesday with HyperGrowth Partners
Workshop Wednesday with HyperGrowth PartnersWorkshop Wednesday with HyperGrowth Partners
Workshop Wednesday with HyperGrowth Partners
saastr
 
SaaStr Workshop Wednesday with CEO of Guru
SaaStr Workshop Wednesday with CEO of GuruSaaStr Workshop Wednesday with CEO of Guru
SaaStr Workshop Wednesday with CEO of Guru
saastr
 
SaaStr Workshop Wednesdays - RevenueCat.pdf
SaaStr Workshop Wednesdays - RevenueCat.pdfSaaStr Workshop Wednesdays - RevenueCat.pdf
SaaStr Workshop Wednesdays - RevenueCat.pdf
saastr
 
SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, YardstickSaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
saastr
 
SaaStr Workshop Wednesday w: Jason Lemkin, SaaStr
SaaStr Workshop Wednesday w: Jason Lemkin, SaaStrSaaStr Workshop Wednesday w: Jason Lemkin, SaaStr
SaaStr Workshop Wednesday w: Jason Lemkin, SaaStr
saastr
 
SaaStr Workshop Wednesday w/ Kyle Norton, Owner.com
SaaStr Workshop Wednesday w/ Kyle Norton, Owner.comSaaStr Workshop Wednesday w/ Kyle Norton, Owner.com
SaaStr Workshop Wednesday w/ Kyle Norton, Owner.com
saastr
 
SaaStr Workshop Wednesdays: Top 5 Lessons Learned from Databricks' Journey fr...
SaaStr Workshop Wednesdays: Top 5 Lessons Learned from Databricks' Journey fr...SaaStr Workshop Wednesdays: Top 5 Lessons Learned from Databricks' Journey fr...
SaaStr Workshop Wednesdays: Top 5 Lessons Learned from Databricks' Journey fr...
saastr
 
SaaStr Workshop Wednesdays: What I Learned Selling My Company: Insights into ...
SaaStr Workshop Wednesdays: What I Learned Selling My Company: Insights into ...SaaStr Workshop Wednesdays: What I Learned Selling My Company: Insights into ...
SaaStr Workshop Wednesdays: What I Learned Selling My Company: Insights into ...
saastr
 
SaaStr Workshop Wednesdays: From Operator to Founder: What I’m Learning as a ...
SaaStr Workshop Wednesdays: From Operator to Founder: What I’m Learning as a ...SaaStr Workshop Wednesdays: From Operator to Founder: What I’m Learning as a ...
SaaStr Workshop Wednesdays: From Operator to Founder: What I’m Learning as a ...
saastr
 
SaaStr Workshop Wednesdays - 10 Things Founders Should Know About Getting Acq...
SaaStr Workshop Wednesdays - 10 Things Founders Should Know About Getting Acq...SaaStr Workshop Wednesdays - 10 Things Founders Should Know About Getting Acq...
SaaStr Workshop Wednesdays - 10 Things Founders Should Know About Getting Acq...
saastr
 
SaaStr Workshop Wednesdays: Pricing and Packaging for AI Products with Unusua...
SaaStr Workshop Wednesdays: Pricing and Packaging for AI Products with Unusua...SaaStr Workshop Wednesdays: Pricing and Packaging for AI Products with Unusua...
SaaStr Workshop Wednesdays: Pricing and Packaging for AI Products with Unusua...
saastr
 
SaaStr Workshop Wednesdays - From the Other Side: Advice from a Founder-Turne...
SaaStr Workshop Wednesdays - From the Other Side: Advice from a Founder-Turne...SaaStr Workshop Wednesdays - From the Other Side: Advice from a Founder-Turne...
SaaStr Workshop Wednesdays - From the Other Side: Advice from a Founder-Turne...
saastr
 
SaaStr Workshop Wednesdays: Territory Assignment Innovation: High-Velocity Te...
SaaStr Workshop Wednesdays: Territory Assignment Innovation: High-Velocity Te...SaaStr Workshop Wednesdays: Territory Assignment Innovation: High-Velocity Te...
SaaStr Workshop Wednesdays: Territory Assignment Innovation: High-Velocity Te...
saastr
 
SaaStr Workshop Wednesdays: How to Build Out an SDR Function
SaaStr Workshop Wednesdays: How to Build Out an SDR FunctionSaaStr Workshop Wednesdays: How to Build Out an SDR Function
SaaStr Workshop Wednesdays: How to Build Out an SDR Function
saastr
 
Workshop Wednesdays: Customer Service Part 2: AMA with Jason and Nick
Workshop Wednesdays: Customer Service Part 2: AMA with Jason and NickWorkshop Wednesdays: Customer Service Part 2: AMA with Jason and Nick
Workshop Wednesdays: Customer Service Part 2: AMA with Jason and Nick
saastr
 
SaaStr Workshop Wednesdays: Dropbox, Klaviyo, Lightspeed Commerce: 10 Things ...
SaaStr Workshop Wednesdays: Dropbox, Klaviyo, Lightspeed Commerce: 10 Things ...SaaStr Workshop Wednesdays: Dropbox, Klaviyo, Lightspeed Commerce: 10 Things ...
SaaStr Workshop Wednesdays: Dropbox, Klaviyo, Lightspeed Commerce: 10 Things ...
saastr
 
Special Workshop Tuesday: The Future of Customer Success in 2024 with Gainsig...
Special Workshop Tuesday: The Future of Customer Success in 2024 with Gainsig...Special Workshop Tuesday: The Future of Customer Success in 2024 with Gainsig...
Special Workshop Tuesday: The Future of Customer Success in 2024 with Gainsig...
saastr
 
SaaStr Workshop Wednesdays: Lessons (Un)Learned: Successes and Setbacks on th...
SaaStr Workshop Wednesdays: Lessons (Un)Learned: Successes and Setbacks on th...SaaStr Workshop Wednesdays: Lessons (Un)Learned: Successes and Setbacks on th...
SaaStr Workshop Wednesdays: Lessons (Un)Learned: Successes and Setbacks on th...
saastr
 
SaaStr Workshop Wednesdays: State of SaaS with Altimeter Capital
SaaStr Workshop Wednesdays: State of SaaS with Altimeter CapitalSaaStr Workshop Wednesdays: State of SaaS with Altimeter Capital
SaaStr Workshop Wednesdays: State of SaaS with Altimeter Capital
saastr
 

More from saastr (20)

Workshop Wednesdays with Jason Lemkin, CEO @ SaaStr
Workshop Wednesdays  with Jason Lemkin, CEO @ SaaStrWorkshop Wednesdays  with Jason Lemkin, CEO @ SaaStr
Workshop Wednesdays with Jason Lemkin, CEO @ SaaStr
 
Workshop Wednesday with HyperGrowth Partners
Workshop Wednesday with HyperGrowth PartnersWorkshop Wednesday with HyperGrowth Partners
Workshop Wednesday with HyperGrowth Partners
 
SaaStr Workshop Wednesday with CEO of Guru
SaaStr Workshop Wednesday with CEO of GuruSaaStr Workshop Wednesday with CEO of Guru
SaaStr Workshop Wednesday with CEO of Guru
 
SaaStr Workshop Wednesdays - RevenueCat.pdf
SaaStr Workshop Wednesdays - RevenueCat.pdfSaaStr Workshop Wednesdays - RevenueCat.pdf
SaaStr Workshop Wednesdays - RevenueCat.pdf
 
SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, YardstickSaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
 
SaaStr Workshop Wednesday w: Jason Lemkin, SaaStr
SaaStr Workshop Wednesday w: Jason Lemkin, SaaStrSaaStr Workshop Wednesday w: Jason Lemkin, SaaStr
SaaStr Workshop Wednesday w: Jason Lemkin, SaaStr
 
SaaStr Workshop Wednesday w/ Kyle Norton, Owner.com
SaaStr Workshop Wednesday w/ Kyle Norton, Owner.comSaaStr Workshop Wednesday w/ Kyle Norton, Owner.com
SaaStr Workshop Wednesday w/ Kyle Norton, Owner.com
 
SaaStr Workshop Wednesdays: Top 5 Lessons Learned from Databricks' Journey fr...
SaaStr Workshop Wednesdays: Top 5 Lessons Learned from Databricks' Journey fr...SaaStr Workshop Wednesdays: Top 5 Lessons Learned from Databricks' Journey fr...
SaaStr Workshop Wednesdays: Top 5 Lessons Learned from Databricks' Journey fr...
 
SaaStr Workshop Wednesdays: What I Learned Selling My Company: Insights into ...
SaaStr Workshop Wednesdays: What I Learned Selling My Company: Insights into ...SaaStr Workshop Wednesdays: What I Learned Selling My Company: Insights into ...
SaaStr Workshop Wednesdays: What I Learned Selling My Company: Insights into ...
 
SaaStr Workshop Wednesdays: From Operator to Founder: What I’m Learning as a ...
SaaStr Workshop Wednesdays: From Operator to Founder: What I’m Learning as a ...SaaStr Workshop Wednesdays: From Operator to Founder: What I’m Learning as a ...
SaaStr Workshop Wednesdays: From Operator to Founder: What I’m Learning as a ...
 
SaaStr Workshop Wednesdays - 10 Things Founders Should Know About Getting Acq...
SaaStr Workshop Wednesdays - 10 Things Founders Should Know About Getting Acq...SaaStr Workshop Wednesdays - 10 Things Founders Should Know About Getting Acq...
SaaStr Workshop Wednesdays - 10 Things Founders Should Know About Getting Acq...
 
SaaStr Workshop Wednesdays: Pricing and Packaging for AI Products with Unusua...
SaaStr Workshop Wednesdays: Pricing and Packaging for AI Products with Unusua...SaaStr Workshop Wednesdays: Pricing and Packaging for AI Products with Unusua...
SaaStr Workshop Wednesdays: Pricing and Packaging for AI Products with Unusua...
 
SaaStr Workshop Wednesdays - From the Other Side: Advice from a Founder-Turne...
SaaStr Workshop Wednesdays - From the Other Side: Advice from a Founder-Turne...SaaStr Workshop Wednesdays - From the Other Side: Advice from a Founder-Turne...
SaaStr Workshop Wednesdays - From the Other Side: Advice from a Founder-Turne...
 
SaaStr Workshop Wednesdays: Territory Assignment Innovation: High-Velocity Te...
SaaStr Workshop Wednesdays: Territory Assignment Innovation: High-Velocity Te...SaaStr Workshop Wednesdays: Territory Assignment Innovation: High-Velocity Te...
SaaStr Workshop Wednesdays: Territory Assignment Innovation: High-Velocity Te...
 
SaaStr Workshop Wednesdays: How to Build Out an SDR Function
SaaStr Workshop Wednesdays: How to Build Out an SDR FunctionSaaStr Workshop Wednesdays: How to Build Out an SDR Function
SaaStr Workshop Wednesdays: How to Build Out an SDR Function
 
Workshop Wednesdays: Customer Service Part 2: AMA with Jason and Nick
Workshop Wednesdays: Customer Service Part 2: AMA with Jason and NickWorkshop Wednesdays: Customer Service Part 2: AMA with Jason and Nick
Workshop Wednesdays: Customer Service Part 2: AMA with Jason and Nick
 
SaaStr Workshop Wednesdays: Dropbox, Klaviyo, Lightspeed Commerce: 10 Things ...
SaaStr Workshop Wednesdays: Dropbox, Klaviyo, Lightspeed Commerce: 10 Things ...SaaStr Workshop Wednesdays: Dropbox, Klaviyo, Lightspeed Commerce: 10 Things ...
SaaStr Workshop Wednesdays: Dropbox, Klaviyo, Lightspeed Commerce: 10 Things ...
 
Special Workshop Tuesday: The Future of Customer Success in 2024 with Gainsig...
Special Workshop Tuesday: The Future of Customer Success in 2024 with Gainsig...Special Workshop Tuesday: The Future of Customer Success in 2024 with Gainsig...
Special Workshop Tuesday: The Future of Customer Success in 2024 with Gainsig...
 
SaaStr Workshop Wednesdays: Lessons (Un)Learned: Successes and Setbacks on th...
SaaStr Workshop Wednesdays: Lessons (Un)Learned: Successes and Setbacks on th...SaaStr Workshop Wednesdays: Lessons (Un)Learned: Successes and Setbacks on th...
SaaStr Workshop Wednesdays: Lessons (Un)Learned: Successes and Setbacks on th...
 
SaaStr Workshop Wednesdays: State of SaaS with Altimeter Capital
SaaStr Workshop Wednesdays: State of SaaS with Altimeter CapitalSaaStr Workshop Wednesdays: State of SaaS with Altimeter Capital
SaaStr Workshop Wednesdays: State of SaaS with Altimeter Capital
 

Recently uploaded

Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
daothibichhang1
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
Aurelien Domont, MBA
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
dylandmeas
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
dylandmeas
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
Lviv Startup Club
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
DerekIwanaka1
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
bosssp10
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
WilliamRodrigues148
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 

Recently uploaded (20)

Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
 
Digital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and TemplatesDigital Transformation and IT Strategy Toolkit and Templates
Digital Transformation and IT Strategy Toolkit and Templates
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...Discover the innovative and creative projects that highlight my journey throu...
Discover the innovative and creative projects that highlight my journey throu...
 
Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...Kseniya Leshchenko: Shared development support service model as the way to ma...
Kseniya Leshchenko: Shared development support service model as the way to ma...
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
BeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdfBeMetals Investor Presentation_June 1, 2024.pdf
BeMetals Investor Presentation_June 1, 2024.pdf
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 

Navigating the Rocky Road from Founder-Led Sales to The First Dozen Sales Professionals

  • 1. VERONIKA RIEDERLE CEO Demodesk LAUREN WRIGHT VP Revenue Demodesk Navigating the Rocky Road from Founder-Led Sales to The First Dozen Sales Professionals
  • 2. The stages of growth Product Market Fit Founder Predictable Sales Team Scalable/Repeatable Sales Org Brick by brick $0-$1m Building systems $1-$10m ARR Hyper Growth Team/ Market & Product Expansion $10m- $20m+ ARR
  • 3. How to get the first 10 customers ● Friends & family ● Users -> customers ● 24/7 founder support
  • 4. Understanding customer acquisition Scraping LinkedIn Hacking Product Hunt Cold Calling
  • 5. Building a founding revenue team Tenacious Hungry Something to prove Curious Builder Missionary Intellect Early sales rep DNA Iterate & Improvise Prospect everywhere Focus on results Accept inefficiency Do whatever it takes Build relationships Sell the vision Duck tape & workarounds
  • 6. Step guide to revenue growth Experiment Scale Go-to-Market Fit 2 Product-Market Fit 1 Growth and Moat 3 Goal of Phase Customer Success Unit Economics Growth & Moat Target Market Early Adopter Early Majority Late Majority GTM Process Customer Success Focused Codify Codify into Systems Sales Hiring Process Builder Process Executor Role Specialist Demand Gen. Personal Network & Referrals Scalable, Measurable Medium Many Mediums, Aligned w/ Sales Pricing Solve for Customer Commitment Solve for Unit Economics Assess Disruption Risk Compensation Based on Customer Success Customer Success + Unit Economics Add Promotion Path
  • 7. Define Customer Success measurement to scale Measure Product-Market-Fit using your CUSTOMER SUCCESS LEADING INDICATOR ● Observable in weeks or months, NOT quarters or years ● Measurement can be automated ● Ideally correlated to the product CVP ● Repeat purchase, referral, setup, usage, ROI - are all common. Revenue is usually a mistake ● OK to use multiple metrics Slack 2,000 Team messages sent Dropbox 1 file added to 1 folder on 1 device HubSpot 5 of 20 features within 60 days To scale sustainably set up and measure GTM SPEEDOMETER ● Define acceptable percentage of customers reaching value ● Measure by customer cohort ● Establish a pace, not a single hiring target (i.e hire 1 rep per month, not 10 tomorrow) ● Monitor GTM Speedometer. If it looks good, increase your speed. If it breaks, slow down and adjust ● Scale and iterate until you reach sustainable Unit Economics (CAC/LTV > 3, Payback Period < 12 months)
  • 8. Ruthlessly define your ICP 1) What central challenge are we solving and how are we solving for this? 1) Understand and map out buyer journey (so far): awareness/consideration/evaluation/decision 1) Define and REDEFINE your Ideal Customer Profile (Who are the ideal NEXT 100 customers)
  • 9. Aha Moments and Measurements Incremental Maturity Stages Solid unit revenue economics to scale a revenue organisation Successful initial acquisition & growth/retention team Can this be sold when the Founder isn’t involved? What problem are we solving and is it big enough? ❏ Customers will pay for it ❏ Many customers will pay for it ❏ Upsell / expansion is starting to happen ❏ At least 1 non founder is productive / performing ❏ Another sales rep is on track ❏ Upsell / expansion is happening ❏ Generating predictable pipeline ❏ 30% conversion qualified to CW ❏ Healthy net churn / NRR > 100% ❏ 80% of reps at > 80% to target ❏ Predictable and efficient ramp /rep payback ❏ Unit economics drive attractive forward ARR model + CAC payback
  • 10. Ideally you’ve got it all figured out at each stage What problem are we solving and is it big enough? Can this be sold when the Founder isn’t involved? Successful initial acquisition & growth/retention team Solid unit revenue economics to scale a revenue organisation ● ’Things have changed’ narrative ● PLG / fast first 100 ● Pricing ● Tools ● Basic Sales Process ● Acquisition Model / Machine ● Operational cadence ● Sales Methodology ● Playbooks ● Expansion/growth playbook ● New markets / upmarket ● Upsell / cross-sell strategy
  • 11. What actually happens ● Hiring too many people too fast without a plan to productivity (leads/onboarding program/sales playbook) ● Scaling when a piece of the puzzle is still broken ● No playbooks or lack of adherence to your proven science - rep failure and fallout ● Deviating from the core problem you’re solving ● Burn, baby burn
  • 12. Absolutely nothing works if you can’t nail hiring Hiring is the most challenging and potentially detrimental piece of the puzzle ● No employer brand ● Failure rate is high (1 in 4) ● Labour market conditions are challenging: wage pressure / the great resignation ● Amazing talent is not always the right talent - don’t get logo allure Challenges ● Define your sales DNA and hire, promote, and scale to those core characteristics ● Build (and measure the effectiveness of) a sales onboarding program early ● Pace your scaling according to passing specific ‘maturity gates’ to prevent premature scaling (aka burn) How to survive
  • 13. How to build a sales organization from scratch My Top Takeaways Hustle Hire the right talent for every stage Nail your ICP and buyer journey Figure out unit economics before you scale