OPEXEngine

AUGUST 31, 2021

Editor’s note: We’d like to thank our friends at OPEXEngine for contributing their benchmarks, insights, and expertise to this article. And while the concept has been around for years, for most of that time, tech debt was primarily the concern of product and engineering teams. Why tech debt matters.

Technical Review 52

Technical Review Underperforming Technical Team Software Review Scale 52

Sales Hacker

SEPTEMBER 13, 2021

” It remains distressing if teams continue with this knowledge and run the same marketing activities over and over again. The ICT products for marketing automation are much more mature and developed with the marketing process in mind. The expected return on this investment. The risk associated with the investment.

Underperforming Technical Team 93

Underperforming Technical Team Marketing Sales Finance 93

OpenView Labs

SEPTEMBER 17, 2019

This week we released our third annual Expansion SaaS Benchmarks report. But benchmarks alone are not enough. We’ve got to make the leap from benchmarks to action. Here’s our advice on how to use the benchmark data to grow even faster in 2020. Lack of segmentation leads to weak product-market fit.

Benchmarks 41

Benchmarks Underperforming Technical Team Scale SaaS 41

SaaSOptics

AUGUST 11, 2022

Rising inflation and a weak stock market are causing investors to be more careful with their financing, and without a plan to manage your cash runway effectively, you’re putting both yourself and your company at risk. However, not all companies are fortunate enough to be flushed with cash from previous funding rounds. It just works.

Scale 97

Scale Scaling Technical Review Venture Capital 97

Unbounce

JUNE 24, 2020

According to them, AGI “controls itself autonomously, with its own thoughts, worries, feelings, strengths, weaknesses, and predispositions.” ” Teams across the world are working on AGI, but the closest to a consensus from researchers is that we might see it sometime within our lifetime. What can you do?

Artificial Intelligence 145

Artificial Intelligence AI Search Machine Learning Marketing 145

OpenView Labs

FEBRUARY 3, 2022

As part of our last three annual finance and operating benchmarks surveys, we’ve asked nearly 2,000 startup founders and leaders of B2B SaaS businesses this simple question: “What’s keeping you up at night?”. This data point isn’t like our typical benchmarks. This team in turn can be trusted to execute on growth, product, hiring, etc.

Sales Hiring 82

Sales Hiring Sales Recruiting Scale Startup 82

Neil Patel

SEPTEMBER 30, 2020

And what better way to develop this other than enlisting the help of an expert digital strategy consultant who can do a broad set of activities, each of which is directed towards helping you meet your goals. As a result, you can build long-lasting relationships by giving customers higher value for their investment.

Consulting 123

Consulting Strategy Technical Review Underperforming Technical Team 123

Sales Hacker

JUNE 17, 2019

How do you ensure you’re maximizing your sales team’s potential? How do you inspire your team to go above and beyond what they think is possible? All it really means is that you’re using data to unlock and maximize the potential of your team, and using it to judge how you stack up to the competition. What are they motivated by?

Scale 101

Scale Underperforming Technical Team Sales Banking 101

Sales Enablement, SaaS and Growth

APRIL 10, 2017

Many companies are investing in the creation of sales enablement teams, but as they’re so new, there’s a distinct lack of thought leadership, standardised measurement and best practices available. Put simply, as a sales organisation grows, the sales enablement team must evolve alongside it.

Sales Enablement 112

Sales Enablement Sales Hiring Underperforming Technical Team Sales 112

User Pilot

FEBRUARY 10, 2022

Product adoption occurs when users decide to invest in your product to achieve their goals. They move from the trial stage to actually become customers who invest in your product to get desired solutions. Moreover, adopted customers are the perfect targets for your revenue expansion strategy via upsells, new features, and cross-sells.

Customer Lifetime Value 98

Customer Lifetime Value SaaS Underperforming Technical Team Software Review 98

OPEXEngine

AUGUST 9, 2022

By benchmarking critical go-to-market KPIs, like the Magic Number – which measures how many new dollars of revenue growth are obtained getting from your sales and marketing investment compared to your competitors. Yet too many sales teams use outdated practices in making account and territory assignments.

Scale 59

Scale VP of Engineering Payment Services Underperforming Technical Team 59

OPEXEngine

NOVEMBER 21, 2019

During the annual budget and planning process, SaaS Finance leaders focus on making sure that resources are allocated appropriately across the company so the company achieves its performance goals – usually revenue and profitability goals – for the upcoming year. Like any analysis, the devil is in the details. Magic Number.

Sales Hiring 45

Sales Hiring Underperforming Technical Team Scale Customer Lifetime Value 45

Sales Hacker

MARCH 24, 2021

The key to unlocking a stronger opportunity pipeline and an increase in qualified leads is a unified, cohesive marketing and sales team. Only 46 percent of business owners describe their marketing and sales teams as “highly aligned,” meaning it’s time to get back to the drawing board for the other 54 percent.

Marketing 105

Marketing Sales Underperforming Technical Team Metrics 105

Intercom, Inc.

SEPTEMBER 9, 2022

ML teams tend to invest a fair share of resources in research that never ships. If you want to invest in ML, hire someone with experience on both the tech and the operational side so they can start working with the product team from day one. I think this is important for product teams for two reasons.

Artificial Intelligence 249

Artificial Intelligence Machine Learning AI Search AI 249

Chart Mogul

OCTOBER 3, 2019

Every team has their own slightly different way of calculating the cost of customer acquisition. Generally, if any part of your team is working on an activity that’s touching on acquiring customers all their expenses should be included in the calculation — salaries, rent, and so on. Gross margin = Revenue – COGS.

Acquisition 91

Acquisition Underperforming Technical Team Startup Customer Lifetime Value 91

Neil Patel

SEPTEMBER 28, 2020

You’re going to need a list of: Goals, KPIs, and objectives: For example, you could focus your attention on generating a specific number of leads, customers, or revenue. Competitors and key players: You’ll want to identify your competitors and their strengths and weaknesses. What are your current benchmarks?

Strategy 124

Strategy Underperforming Technical Team Advertising Scale 124

Chart Mogul

OCTOBER 3, 2019

Every team has their own slightly different way of calculating the cost of customer acquisition. Generally, if any part of your team is working on an activity that’s touching on acquiring customers all their expenses should be included in the calculation — salaries, rent, and so on. Gross margin = Revenue – COGS. Peter Thiel.

Acquisition 52

Acquisition Startup Underperforming Technical Team Customer Lifetime Value 52

Baremetrics

MAY 7, 2019

Company C was funded by pre-orders from customers, a friends and family round, and then through revenue-based financing for a period of time. Choosing the right combination of funding for your business is just as fundamental as choosing the right co-founders (or not), the right market, the right product, and the right team.

Finance 111

Finance Startup SaaS Payments Payment Methods 111

Sales Enablement, SaaS and Growth

JULY 30, 2017

We saw a big improvement and I’m pleased to say the results had a material impact on annual recurring revenue (ARR), quota attainment and growth. This is a goal I share with HubSpot’s sales leadership - indeed, I’m a firm believer that shared goals are the one true way to drive alignment between teams.

Sales Enablement 100

Sales Enablement Scale Sales Underperforming Technical Team 100

ProfitWell

NOVEMBER 1, 2019

Align team incentives around retention. Sales teams like to track dollars in the bank each month. Meanwhile, product teams are busy tracking how many features they've delivered and story points they've completed. Meanwhile, product teams are busy tracking how many features they've delivered and story points they've completed.

Retention 56

Retention Strategy Underperforming Technical Team SaaS 56

SaaStr

JUNE 14, 2019

Finally pre-Salesforce, Dave was CEO @ MarkLogic where he grew the team from 40 to 240 and revenues from $0 to an $80m revenue run rate. Does Dave agree that if the money is on the table founding teams should take it? What are the clear differences between a good book and a bad book? Who is involved?

Sales Hiring 141

Sales Hiring Payment Services SaaS Payments Underperforming Technical Team 141

OpenView Labs

JANUARY 8, 2020

HubSpot’s founding notion was based on a similar seismic shift (Outbound > Inbound) and to kickstart our exploration into this new PLG motion, we spun up a new team that I worked on which sold our CRM and Sales products. We had our own management structure, product teams and a small sales/CS function attached to our new Sales tools.

Sales Hiring 41

Sales Hiring Strategy Underperforming Technical Team Compensation 41

Sales Hacker

APRIL 21, 2020

Prior to assuming the role of CEO, Jim served as managing director and general manager of Gerson Lehrman Group’s largest and most profitable business unit, their financial services unit where he grew revenues to more than $200 million. We’re a little north of $50 million in revenue. Have you made adjustments there?

Scale 67

Scale Underperforming Technical Team Communication Outsourced Development 67

Sales Hacker

SEPTEMBER 4, 2018

Gain a new customer, you increase revenue. An Accenture study found that the cost of customer attrition due to poor customer service in the U.S. Bain & Company found that companies providing excellent customer experiences grow their revenues 4-8% better than market average. Drive revenue. alone was at $1.6

Customer Success 56

Customer Success Scale Technical Review Systems Review 56

SaaStr

OCTOBER 31, 2019

Before I joined the venture capital industry many years ago, I was a software developer, and I worked for a startup around the 2000 time period. Many of these are names that you know, and this is actually the largest we’ve seen in history. I think it’s a really staggering stat. We talked about growth.

Cloud 100

Cloud Scale AWS Machine Learning 100

Chart Mogul

SEPTEMBER 15, 2023

5 Reasons I Hate the Rule of 40 by Mikael Johnsson, SaaS Nordic While not necessarily completely useless, I would strongly argue that R40 is a metric applicable to the world of PE and public markets investing and is not a good metric for assessing the quality of venture-stage companies. Keep an eye out as we will be making regular updates.

Scale 52

Scale Underperforming Technical Team Sales Hiring SaaS 52

FastSpring

MAY 20, 2024

Moving some, all, or simply more of your software offerings from a one-time perpetual license model to a software as a service (SaaS) subscription model can be daunting, but it’s so powerful for building dependable, recurring revenue. We had to bet on a partner who was making the same level of investments that we were making.”

Payments 78

Payments SaaS Payments Merchant Services Payment Solutions 78

Totango

JULY 1, 2022

Finally, we’ll show you how you can leverage customer loyalty to promote B2B referral programs that expand your customer base and increase your revenue. In a nutshell, customer loyalty plays a pivotal role in helping B2B SaaS companies maintain and grow revenue. What Is Customer Loyalty?

B2B 109

B2B B2C Underperforming Technical Team Business 109

Sales Hacker

OCTOBER 7, 2021

Never believe that doubting yourself is a bad thing. That company only lasted another year before they were out of business, so it was a poor use of my energy, time, and being away from my family – a lesson I work to pass on to others new in roles today. Invest in your development internally and externally.

Scale 130

Scale Sales Recruiting Sales Hiring VP of Engineering 130

Sales Hacker

OCTOBER 13, 2020

Managing a technical team as a non-technical person [24:13]. Okay, it’s not that easy, but Sapper Consulting has built REGIE to keep the promise of sales enablement alive and keep your team doing what they do best, which is winning. Do you create broader richer data sets and sell those back to companies for benchmarking purposes?

Marketplace as a Service 95

Marketplace as a Service CTO Hire Sales Recruiting Data 95

Intercom, Inc.

JUNE 8, 2021

It was seen as a necessary part of a business, but not something that drove revenue or influenced customers’ buying decisions. Another survey reveals that 84% of businesses report an uplift in revenue as one of the primary benefits of improving their customer experience. That time is over. Conversational support is the new normal.

Technical Review 222

Technical Review Underperforming Technical Team Customer Support Marketplace as a Service 222

Intercom, Inc.

JANUARY 31, 2019

And as the organization grows, the work involved to get teams aligned on who you’re selling to and how you’re selling is not something to be taken for granted either. Ambient Strategy founder and CEO April Dunford on the symptoms of weak positioning. When you’re a small team, your time is everything. Speed is everything.

Underperforming Technical Team 165

Underperforming Technical Team Scale Benchmarks Sales 165

SmartKarrot

SEPTEMBER 28, 2023

When small enterprises haven’t espoused business process management, all the companies’ functions are dealt with by small teams of workers through spreadsheets, documents, or direct communication. However, small businesses often have reservations when it comes to adopting new technologies, such as process management software.

Business 10

Business Management Software Review Technical Review 10

ProfitWell

SEPTEMBER 20, 2019

So you’ve built a sales strategy that, from top to bottom, from development to launch, looks just about perfect — buyer personas are defined down to the brand of T-shirt they’d normally wear, very good alignment on sales goals has been established through the company, and your understanding of your sales funnel is solid.

Revenue 45

Revenue Management Sales Funnel Underperforming Technical Team 45

SaaStr

JULY 30, 2020

What are the core metrics founders should measure to determine the effectiveness of their reps and sales teams? Something that we did really poorly at TalentBin early on was not really focusing on a very crisply defined ICP and insufficiently investing in customer success. We only have an engineering team.”

Part-Time VPE 195

Part-Time VPE Scale Sales Recruiting Sales Hiring 195

ProfitWell

DECEMBER 3, 2019

Do you gun straight for the glamour (and pressure) of venture capital investment? Going into the pursuit of funding without a plan can lead you nowhere—or, even worse, leave you saddled with a funding plan that’s bad for you and your business. What about a venture capitalist who might be sympathetic to your mission?

Venture Capital 56

Venture Capital Scale SaaS Benchmarks 56

Intercom, Inc.

AUGUST 17, 2018

The below chart averages all of our live chat related DRLPs, some of which performed better than others, but even including the underperforming DRLPs, we’ve seen positive results. For example, maybe one of your products isn’t converting as well as others, but when it does convert, it brings in higher revenue. Step 5: Test everything.

Scale 136

Scale Underperforming Technical Team Advertising Market Research 136