Thu.May 21, 2020

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The Silent, Lurking Churn: Activation Rates Less Than 90%

SaaStr

It took me a little while to see activation rates as literally one of the 3-4 most important metrics in SaaS, but it probably is. I started to track activation rates at a lot of start-ups I work with, and I saw numbers that shocked me. I often say 60% or so activation rates 30 days in. Think about that. That means after all the time and money put into building your product, marketing your product, trialing your product, demo’ing your product, selling your product, closing the deal, cele

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Cabin-fever trading; post-pandemic housing projections; COVID drives digitization, and more

Andreessen Horowitz

This first appeared in the monthly a16z fintech newsletter. Subscribe to stay on top of the latest fintech news. . IN THIS EDITION. A different path to self-driving money. Online brokerages compete for new millennial investors. The pandemic’s impact on. … The post Cabin-fever trading; post-pandemic housing projections; COVID drives digitization, and more appeared first on Andreessen Horowitz.

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6 Mistakes to Avoid in Your Inbound Lead Follow-Up

Sales Hacker

When inbound sales and marketing works, it’s great. It’s easy, it scales well, but by definition it puts a lot of the process out of your hands. That can lead to a lot of opportunities for things to break down and for buyers to fall through the cracks. I’ve worked with many companies throughout my career, and there tends to be six common, tactical mistakes when it comes to inbound process: They don’t have sales and marketing alignment and accountability documented in a comprehensive SLA.

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Investing in Deel

Andreessen Horowitz

Over the past few decades, we’ve seen significant changes in how employers think about their workforce. The historical model was to focus hiring on individuals in your geographic backyard , then provide those individuals with a paycheck, health insurance, pension, … The post Investing in Deel appeared first on Andreessen Horowitz.

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SaaS: How They’re Turning Payments Into Profit Centers

Discover how top SaaS companies are earning up to $700k + and zero upfront cost with Usio Integrated Payments.

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COVID-19 is the Best Thing to Happen to Retail

Zuora

It’s a deathwatch for retailers. In just the last few weeks, we lost J. Crew, Neiman Marcus, and J.C. Penney. […]. The post COVID-19 is the Best Thing to Happen to Retail appeared first on Zuora.

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Business Networking: 5 Proven Strategies to Win in Business and in Life

Groove HQ

Our best tips and tricks for using business networking to connect with VIPs. Learning how to network and build relationships with smart, successful people is one of the most valuable things I’ve done in my career. But I know that for many, it doesn’t come easily. It certainly didn’t come easily for me when I […]. The post Business Networking: 5 Proven Strategies to Win in Business and in Life appeared first on Groove Blog.

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Investing in Nautilus Biotechnology

Andreessen Horowitz

The race to sequence the human genome set the bar for what engineering in biology could do. Thirty years ago, this race started with the audacious goal of understanding the blueprint of humanity––sequencing the entire human genome, completed roughly twenty … The post Investing in Nautilus Biotechnology appeared first on Andreessen Horowitz.

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Hiring a Remote Employee? Use This Onboarding Checklist

OpenView Labs

On March 12, we made the difficult decision to indefinitely close our office in order to keep our team safe and help prevent the spread of COVID-19. Like so many other companies, we became a remote team overnight. Everyone who’s made this transition over the last few months knows it’s anything but easy—figuring out new methods of communication, setting up security, getting used to Zoom calls and just managing the sudden merging of our personal and professional lives is… a lot.

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Subscription to Success

Zuora

Below is an excerpt of the article, “Subscription to Success,” from Fortune Magazine’s May Fortune 500 edition. When public health […]. The post Subscription to Success appeared first on Zuora.

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Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know

Speaker: Timothy Chan, PhD., Head of Data Science

Are you ready to move beyond the basics and take a deep dive into the cutting-edge techniques that are reshaping the landscape of experimentation? 🌐 From Sequential Testing to Multi-Armed Bandits, Switchback Experiments to Stratified Sampling, Timothy Chan, Data Science Lead, is here to unravel the mysteries of these powerful methodologies that are revolutionizing how we approach testing.

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How COVID-19 impacts SaaS/subscription space: May '20 data

ProfitWell

We are living in unprecedented times. Advice is coming from every direction and it's difficult to know who and what to believe. Here at ProfitWell, we believe in data because data doesn't lie. We look at the numbers to help guide our decisions, turning advice into tangible action items. We've been working around the clock to develop an index displaying MRR and growth trends across SaaS companies.

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How to Create an E-commerce Website in 15 Minutes

The Daily Egg

Want an E-commerce site but worried you’re not tech-savvy enough to make it happen on your own? No worries. With user-friendly platforms like Wix, you can have an E-commerce website up and running in as little as 15 minutes. With its drag and drop features and artificial design intelligence (ADI) tool, Wix makes it easy […]. The post How to Create an E-commerce Website in 15 Minutes appeared first on The Daily Egg.

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An OKR Primer

SaaSX

Just when I think the world doesn’t need yet another introduction to OKRs, I talk to a company struggling to implement them. As an OKR convert (someone who didn’t like them, and now enthusiastically loves them), I think this stems from over complicating it and getting in your own way. While it can take a while to “get” the power of OKRs, once the lightbulb goes off, they can transform how an organization aligns towards goals, focuses, and executes.

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Video: Who Actually Competes with Slack?

OpenView Labs

There are two races happening in product-led growth today. Race 1: who will be the next Slack, Zoom or Datadog? The lead contenders here include Notion , Airtable, Loom and Calendly. And since Calendly just announced $50M ARR, my money is on them. Race 2: who will *enable* the broader product-led wave across the software industry? This is exactly why Mixpanel released its “State of Product Analytics” report last week.

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How Investors & Strategic Buyers Evaluate Integrated Payment Strategies

Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations. Investors and strategic buyers assess these integrated payment strategies as a measure of a company's growth potential and sustainability.

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Content: Keep it coming.

ProfitWell

Today on the show, content creation breeds growth. How so? The data tells all. Plus, lots of launches happening this week as B2B SaaS forges ahead. Listen wherever you get podcasts: How is the B2B SaaS market trending? ??7 day +1.12% | ?? 30 day +3.24% | ??90 day +4.74%. How are churn and new revenue trending over time? MRR LOSS +1.96%. MRR GAIN +0.54%.

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3 Techniques That Will Transform Your Deal Execution

Sales Hacker

The post 3 Techniques That Will Transform Your Deal Execution appeared first on Sales Hacker.

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May 21 – Customer Success Jobs

SmartKarrot

Role: Customer Success Manager Location: Rogers, AR, USA Organization: E2open Customer Success Manager serves as the front-line resource to manage ongoing customer relationships with a focus on demonstrating and delivering value from the E2open portfolio. The CSM is responsible for planning and leading customer implementations of the E2open Demand Signal Repository software for large consumer product goods companies.

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Banish Magical Thinking: The Truth About Shortcuts in Selling (Summit Replay)

Sales Hacker

This video training was originally presented at the 2019 Sales Hacker Success Summit. In it, Founder and CEO of social centered selling, Barbara Giamanco, shows us that there are no shortcuts in selling. Sadly, Barbara passed on from our community on May 20, 2020. We’re so honored to claim her as one of our own. This video, presented at our 2019 Success Summit, was a wonderful parting gift that we hope you’ll enjoy.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Top 7 Traits of a Great Customer Success Leader!

SmartKarrot

It is possible getting the right Customer Success Leader might be more than just a cakewalk. As they come from a variety of backgrounds, it can be difficult to skim the one who is just about right. To save you all the extra efforts, here is a list of such traits that one sees in an excellent Customer Success Leader. All of these are tried and tested.

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4 Ways to Bring Your SEO Strategy into 2020

FastSpring

Do you ever feel like Search Engine Optimization is so last decade? Honestly, with email marketing and social media, how much time do you actually need to dedicate to optimizing your site content for search engines? Welp, it turns out that SEO is still super important. While today’s SEO tactics look a lot different than the ones we used in the 2000s and the 2010s, SEO is still alive and well in the online marketing space.

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8 of the Best Customer Feedback Tools for your SaaS

User Pilot

Customer feedback tools have come a long way since the days of manually reaching out with a long, boring survey. You can now choose from a wide range of tools, designed to help you collect the customer feedback you need to take your SaaS in the right direction. In the Product-Led era, listening to your customers has never been more important. I’m going to explain exactly why you should be listening to your customers if you aren’t already.

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Ryan Steinberg on fostering empathetic automation

Intercom, Inc.

? ? In our quest to make the most of support automation, we’ve found three uses that really optimize its potential. The first is routing: directing a customer’s question to the right team. Next is assisting: gathering information from a customer so a human support agent has everything they need by the time they’re stepping in to help. Finally, there’s problem-solving: answering questions faster and more effectively than human agents can.

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6 Reasons Why Your Integrated Payments Strategy Could Fail

If you're in the software industry grappling with integrating payments into your business model, understanding where others have stumbled can be a game-changer for your revenue goals. Discover 6 key reasons behind the struggles many face. The challenge goes beyond the technicalities of integrating a payment system; it delves into the strategic oversight of revenue shares, negotiations with payment providers, and the full exploitation of potential revenue streams.

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FastSpring Wins 2020 Stevie Award for Support Team of the Year

FastSpring

One of our core values as a company is that our success is entirely based on the success of our customers. As such, being recognized externally for our commitment to supporting our customers is an incredible honor. We’re proud to have earned this recognition from the American Business Awards® with the Bronze Stevie Award award for ‘Support Team of the Year’ in 2020.