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Dear SaaStr: I’m Bootstrapped. How Can I Afford to Hire Any VPs?

SaaStr

Here are some rough rules: You want a VP of Everything (Sales, Marketing, Product, Eng) by about $1m-$2m ARR. ARR VPCS: $2m ARR VPP: $3m-$4m ARR VPE: $5m-$6m ARR CFO: $10m ARR COO: $20m ARR. — Jason BeKind Lemkin (@jasonlk) July 21, 2019. What skills should he or she look for? A bit more here. ARR VPS: $1-$1.5m

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Dear SaaStr: When should a bootstrapped startup hire a (CFO, COO, CMO)?

SaaStr

Here are some rough rules: You want a VP of Everything (Sales, Marketing, Product, Eng) by about $5m ARR, and ideally, Sales and Marketing well before that. ARR VPCS: $2m ARR VPP: $3m-$4m ARR VPE: $5m-$6m ARR CFO: $10m ARR COO: $20m ARR. — Jason 2022 SaaStr Annual Sep 13-15 Lemkin (@jasonlk) July 21, 2019.

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You *know* your exec team desperately needs an offsite. We’ve got the easiest (and best, and cheapest) solution

SaaStr

2019) we could mostly count on camaraderie to build organically in the office. Your Sales leaders get the playbook from Lattice, Calendly, Snowflake, Confluent, Brex and So. A New Era of B2B Sales: Three Strategies Growth Leaders Must Implement Today. Karen Tang, VPCS @ Active Campaign. Toni Tiffany, VPCS @ Orum.

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What Order Should You Hire Your Management Team In?

SaaStr

ARR VPCS: $2m ARR VPP: $3m-$4m ARR VPE: $5m-$6m ARR CFO: $10m ARR COO: $20m ARR. — Jason BeKind Lemkin (@jasonlk) July 21, 2019. More on that here and a great video discussion below: You’ll probably be ready for your first VP of Sales by $1m in ARR. IME, rough order to make hires in: VPM: $0.2m ARR VPS: $1-$1.5m

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SaaStr Annual Prices Go Up $400 (!) Tomorrow!! And Check Out Our 300+ Amazing Speakers!!

SaaStr

Grab the final 2019 priced tickets here. Well: CEOs of Zoom, Okta, Box, PagerDuty, Mixmax, Salesforce Marketing Cloud, Airtable, Dialpad, Gainsight, Gitlab, HackerOne, Zapier, Front, Cloudinary and 100+ more!! CIOs of Adobe, Zendesk, Nutanix, Ciena, Google Cloud and 200+ more! It’s Where The Cloud Meets.

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Bet On Up-and-Comers. But Add One Veteran For Each $10m ARR.

SaaStr

Often folks they convince to once again be a VP of Eng or VP of Sales. The sales leader that did well, but their startup still didn’t quite make it. A truly experienced VP of Sales, for example, will know exactly how to scale the sales team to hit your revenue goals. Even though they already did that before.