SlideShare a Scribd company logo
Partnering with Big 
Businesses 
7 ways startups can find success
Great partnerships…
Me
You?
Why Partner? 
• 1+1 = 3 
• Leverage mutual strengths 
• Distribution 
• Channel 
• Acquisition (M&A)
Why don’t we partner more? 
• Opportunity cost 
• Difficult to justify equitable value 
• Large company friction 
• Long legal processes
Finding success – My Story 
+250clients 3offices +1,000 rewards 21 countries
Topics for Today 
 Mentality 
 Approach 
 Meetings 
 Conferences 
 Champion 
 Contracts 
 Implementation
Tip #1 - Mentality 
• Place as much importance on partnerships as 
you do on your product 
• Think about your value to the partner 
– Short Term (help them) 
– Long Term (help you) 
• Equitable Value Exchange
Tip #1 - Mentality 
From: Business Model Generation, Osterwald & Pigneur
Tip #1 – Your mentality 
Focus on partnerships like you focus on 
your product – with intensity 
Your goal initially is to make your partner 
successful, not yourself 
Be conscious of the value exchange 
Tools to use: 
• Yahoo Finance 
• Press Releases on companies 
website 
Super Tips: 
• Chart out short term and long 
term goals 
• Read Annual & Quarterly 
Reports
Tip #2 – Approach 
• How do you approach a big business? 
– Identify the organization’s structure 
– Map out key employees 
• Research key priorities 
• Create an internal structure for the team
Tip #2 - Approach 
1. LinkedIn connection introduction to 
VP to you & CEO or Board 
Member/Advisor 
2. Follow up email to VP 
3. VP sends email copying 2 folks on 
team 
4. Team follows up asking for time 
5. You meet with team (no VP in 
meeting) 
6. Send follow up meeting notes to full 
thread 
7. Team becomes unresponsive 
8. CEO/Board Member pings VP 
9. Team responds and pushes for next 
step 
1. LinkedIn connection introduces you 
to PM 
2. Follow up email to PM 
3. PM cc’s technical resource & asks 
for call 
4. Proceed with call 
5. Send follow up meeting notes 
6. Team becomes unresponsive 
7. Continue pinging PM 
8. Attempt to get Board Member to 
introduce VP Payments 
9. Team tells VP payments that they 
have already met
Tip #2 – Your Approach 
One opportunity to get it correct, so be 
thoughtful 
Leverage introductions through trusted 
contacts 
Be cognizant of key priorities & trends 
Tools to use: 
• LinkedIn Premium Version 
• Mind Meister Mapping 
Super Tips: 
• Corp Dev teams are good 
resources for introductions 
• Look for Lab teams within an 
organization
Tip #3 - Meetings 
• Your initial meeting is the most important 
• 30/20/10 
– 20 minutes listening 
– 10 minutes speaking 
• Goal is to understand partners strategic interests & align 
your initiative with theirs 
• Focus restating your pitch with their terms – “trigger 
words” & get them excited
Meetings 
Ideal 30 minute meeting script for a 9:30am meeting. 
9:35am - Partner walks in 5 minutes late to a f2f meeting and immediately says 
that he has a hard stop at 10am 
9:36am – Ask them about their role & the key strategic priorities they focuses 
on in the company 
9:41am – Continue to ask them questions on their focus for the year & 
resource allocation 
9:45am – Open your laptop and show 1-2 slides maximum (ideally a demo) of 
the product from the consumer standpoint. Use terms that they mentioned in 
the first 10 minutes while describing your product. 
9:55am – Complete your speech and ask immediately about what they think 
and how they could fit in 
Last 5 minutes (most crucial) – Critical to get names, next steps & they will ask 
for a deck
Tip #3 – Make the most of your 
meetings 
30/20/10 
Focus on getting further introductions, 
always take away something 
Have them commit & put deadlines / next 
steps in writing 
Tools to use: 
• Boomerang for Gmail 
• Streak 
• Clearslide (Deck) 
Super Tips: 
• Do not add people on LinkedIn 
right away, adding on LinkedIn can 
be used strategically 
• Camp out at the coffee shop in big 
companies
Tip #4 - Conferences
Tip #4 How to become a 
conference “ninja” 
Pre Conference 
• Book your hotel before anything 
• Find a local restaurant or cafe at the hotel & ask people to meet 
there 
• Book your plane ticket only when you have guaranteed meetings 
During Conference 
• Eat lunch 3 times – maximize the potential to meet new people 
• Approach speakers after each session, guaranteed business card 
• Ask speakers to meet you in the speaker lounge & stay there 
Post Conference 
• Never email 3-4 days afterward – send a short email right after you 
meet someone at the conference – they are much more likely to 
respond
Tip #4 - Conferences 
Attend partner sponsored conferences & 
events 
Focus on time outside of sessions 
Approach every speaker from partner 
companies 
Tools to use: 
• Lanyrd – Social 
Conferencing App 
• Sonar / Highlight 
• LinkedIn Connect 
Super Tips: 
• Ask conference organizers to see 
if they have startup specials 
• Hang around at the conference 
hotel bar @ night – you’ll over 
hear great tidbits
Tip #5 Champion 
• A Champion is the key point of contact in 
your partners organization that gets things 
done 
Traits of a champion 
• Decision Maker 
• Does not dominate the conversation with 
“resource constraints” 
• Does not start a sentence with “No”
Tip #5 – How to make a champion 
 Respond to emails within 30 minutes of when 
they send something 
 Do their job for them – ask them if they need you 
to craft an email for them to send to a certain 
group 
 Continue to reinforce the fact that you want them 
to succeed 
Tools to use: 
• Paper and Pen 
• Postable 
Super Tips: 
• Send handwritten notes thanking 
them after meetings 
• Gifts at specific times (non 
holidays) like books, etc.
Tip #6 Contracts 
• Make your legal process dead simple 
• Each page adds a week to the legal process
Tip #6 Contracts 
• Legal can take the most time, make their jobs 
easy 
• Negotiate business terms outside of the legal 
process 
• For Purchase orders, create an invoice like first 
page 
Tools to use: 
• DocuSign 
Super Tips: 
• Have your lawyers chat directly 
with their lawyers (or offer to) 
• Have an exploding date / offer (a 
special deal) that speeds up legal 
• Call your lawyers – don’t email 
them
Tip #7 Implementation 
• The pilot test, is the real test 
• Put all of your efforts in the first 4 weeks 
after contract signature to effectively 
execute the test 
• You only have one shot to get it right. If 
the test doesn’t work, the company will not 
talk to you again
Tip #7 Implementation 
• Customizing is OK 
• If you feel like it won’t work, don’t launch 
• Establish KPI’s pre-launch & communicate 
constantly 
Tools to use: 
• Tag Management 
Solutions 
• Google Analytics 
Super Tips: 
• Chat with other successful 
partners to understand success 
• Find opportunities to integrate 
where switching costs are high
In Review: 7 ways to find 
success 
Treat navigating an organization like you’re 
building a product 
How you approach the company is critical to 
success 
Make each meeting important – 30/20/10 
Utilize Conferences to deepen relationships 
Find & develop a champion 
Make your contracts dead simple 
Make your pilot a success, no matter the cost
Thank you! 
suchit.dash@gmail.com 
@suchit 
Berlin, Germany
Other Topics 
• Hiring Sales Executives (Direct & Indirect) 
• Top 5 responses to when a business says “no” 
• Deep Dive: Maximizing conferences 
• How to hire/fire the right people 
Expert Topic Areas: 
• Payments 
• E-Commerce 
• Loyalty & Rewards

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Partnering with big businesses: 7 ways to find success

  • 1. Partnering with Big Businesses 7 ways startups can find success
  • 3. Me
  • 5. Why Partner? • 1+1 = 3 • Leverage mutual strengths • Distribution • Channel • Acquisition (M&A)
  • 6. Why don’t we partner more? • Opportunity cost • Difficult to justify equitable value • Large company friction • Long legal processes
  • 7. Finding success – My Story +250clients 3offices +1,000 rewards 21 countries
  • 8. Topics for Today  Mentality  Approach  Meetings  Conferences  Champion  Contracts  Implementation
  • 9. Tip #1 - Mentality • Place as much importance on partnerships as you do on your product • Think about your value to the partner – Short Term (help them) – Long Term (help you) • Equitable Value Exchange
  • 10. Tip #1 - Mentality From: Business Model Generation, Osterwald & Pigneur
  • 11. Tip #1 – Your mentality Focus on partnerships like you focus on your product – with intensity Your goal initially is to make your partner successful, not yourself Be conscious of the value exchange Tools to use: • Yahoo Finance • Press Releases on companies website Super Tips: • Chart out short term and long term goals • Read Annual & Quarterly Reports
  • 12. Tip #2 – Approach • How do you approach a big business? – Identify the organization’s structure – Map out key employees • Research key priorities • Create an internal structure for the team
  • 13. Tip #2 - Approach 1. LinkedIn connection introduction to VP to you & CEO or Board Member/Advisor 2. Follow up email to VP 3. VP sends email copying 2 folks on team 4. Team follows up asking for time 5. You meet with team (no VP in meeting) 6. Send follow up meeting notes to full thread 7. Team becomes unresponsive 8. CEO/Board Member pings VP 9. Team responds and pushes for next step 1. LinkedIn connection introduces you to PM 2. Follow up email to PM 3. PM cc’s technical resource & asks for call 4. Proceed with call 5. Send follow up meeting notes 6. Team becomes unresponsive 7. Continue pinging PM 8. Attempt to get Board Member to introduce VP Payments 9. Team tells VP payments that they have already met
  • 14. Tip #2 – Your Approach One opportunity to get it correct, so be thoughtful Leverage introductions through trusted contacts Be cognizant of key priorities & trends Tools to use: • LinkedIn Premium Version • Mind Meister Mapping Super Tips: • Corp Dev teams are good resources for introductions • Look for Lab teams within an organization
  • 15. Tip #3 - Meetings • Your initial meeting is the most important • 30/20/10 – 20 minutes listening – 10 minutes speaking • Goal is to understand partners strategic interests & align your initiative with theirs • Focus restating your pitch with their terms – “trigger words” & get them excited
  • 16. Meetings Ideal 30 minute meeting script for a 9:30am meeting. 9:35am - Partner walks in 5 minutes late to a f2f meeting and immediately says that he has a hard stop at 10am 9:36am – Ask them about their role & the key strategic priorities they focuses on in the company 9:41am – Continue to ask them questions on their focus for the year & resource allocation 9:45am – Open your laptop and show 1-2 slides maximum (ideally a demo) of the product from the consumer standpoint. Use terms that they mentioned in the first 10 minutes while describing your product. 9:55am – Complete your speech and ask immediately about what they think and how they could fit in Last 5 minutes (most crucial) – Critical to get names, next steps & they will ask for a deck
  • 17. Tip #3 – Make the most of your meetings 30/20/10 Focus on getting further introductions, always take away something Have them commit & put deadlines / next steps in writing Tools to use: • Boomerang for Gmail • Streak • Clearslide (Deck) Super Tips: • Do not add people on LinkedIn right away, adding on LinkedIn can be used strategically • Camp out at the coffee shop in big companies
  • 18. Tip #4 - Conferences
  • 19. Tip #4 How to become a conference “ninja” Pre Conference • Book your hotel before anything • Find a local restaurant or cafe at the hotel & ask people to meet there • Book your plane ticket only when you have guaranteed meetings During Conference • Eat lunch 3 times – maximize the potential to meet new people • Approach speakers after each session, guaranteed business card • Ask speakers to meet you in the speaker lounge & stay there Post Conference • Never email 3-4 days afterward – send a short email right after you meet someone at the conference – they are much more likely to respond
  • 20. Tip #4 - Conferences Attend partner sponsored conferences & events Focus on time outside of sessions Approach every speaker from partner companies Tools to use: • Lanyrd – Social Conferencing App • Sonar / Highlight • LinkedIn Connect Super Tips: • Ask conference organizers to see if they have startup specials • Hang around at the conference hotel bar @ night – you’ll over hear great tidbits
  • 21. Tip #5 Champion • A Champion is the key point of contact in your partners organization that gets things done Traits of a champion • Decision Maker • Does not dominate the conversation with “resource constraints” • Does not start a sentence with “No”
  • 22. Tip #5 – How to make a champion  Respond to emails within 30 minutes of when they send something  Do their job for them – ask them if they need you to craft an email for them to send to a certain group  Continue to reinforce the fact that you want them to succeed Tools to use: • Paper and Pen • Postable Super Tips: • Send handwritten notes thanking them after meetings • Gifts at specific times (non holidays) like books, etc.
  • 23. Tip #6 Contracts • Make your legal process dead simple • Each page adds a week to the legal process
  • 24. Tip #6 Contracts • Legal can take the most time, make their jobs easy • Negotiate business terms outside of the legal process • For Purchase orders, create an invoice like first page Tools to use: • DocuSign Super Tips: • Have your lawyers chat directly with their lawyers (or offer to) • Have an exploding date / offer (a special deal) that speeds up legal • Call your lawyers – don’t email them
  • 25. Tip #7 Implementation • The pilot test, is the real test • Put all of your efforts in the first 4 weeks after contract signature to effectively execute the test • You only have one shot to get it right. If the test doesn’t work, the company will not talk to you again
  • 26. Tip #7 Implementation • Customizing is OK • If you feel like it won’t work, don’t launch • Establish KPI’s pre-launch & communicate constantly Tools to use: • Tag Management Solutions • Google Analytics Super Tips: • Chat with other successful partners to understand success • Find opportunities to integrate where switching costs are high
  • 27. In Review: 7 ways to find success Treat navigating an organization like you’re building a product How you approach the company is critical to success Make each meeting important – 30/20/10 Utilize Conferences to deepen relationships Find & develop a champion Make your contracts dead simple Make your pilot a success, no matter the cost
  • 28. Thank you! suchit.dash@gmail.com @suchit Berlin, Germany
  • 29. Other Topics • Hiring Sales Executives (Direct & Indirect) • Top 5 responses to when a business says “no” • Deep Dive: Maximizing conferences • How to hire/fire the right people Expert Topic Areas: • Payments • E-Commerce • Loyalty & Rewards