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Here are the key takeaways from part 1 of this interview. Reflecting on Company Outcomes as a Founding CEO We started with Brian flipping the tables a bit and asking Jason a question to kick off the interview: “I know this is a podcast supposed to be interviewing me, but do you regret selling your company?”
Having led sales teams of 500+ at BILL and 800+ at HubSpot, Michelle has unique insights into what makes great frontline managers and why investing in them is crucial for sustainable growth. “At HubSpot, I had over 100 frontline sales managers reporting to me. .” Providing a direct pulse on customer and market sentiment.
We’re obviously written up a lot about Fundraising and Investing here on SaaStr.com, but time and time again, SaaStr CEO and Founder Jason Lemkin has seen so many Founders sign a bad term sheet based on gut instinct, VC celebrity or vibes, and while that may be fine, it’s not enough.
Interviewing? One bit of advice: Please, please, actually research the company you are interviewing at. The other day I did a similar final, fourth round interview for a VPM. I ended the interview (politely) after 10 minutes and told him to watch the video. Invest those extra cycles. Looking for your next role?
Preparing to interview for a new job is challenging. When we’re looking for our next incredible support teammate, we want to set up every candidate to give the best interview they can. When we’re looking for our next incredible support teammate, we want to set up every candidate to give the best interview they can.
“10 Great Questions to Ask a VP Sales During an Interview.” ” – This one dives into the math of SaaS sales and why hiring top talent is worth the investment. . “ – This one is a classic because it breaks down the real, tactical changes that can drive exponential growth in sales. More Than a Good Rep.”
Codeium made this a centerpiece of their recruiting strategy: Competitive comp plan openly discussed during interviews 7 out of 10 sellers who’ve been with Codeium 6+ months have already exceeded annual targets Several on track to earn $500K+ in W2 income One seller closed $1.6M
Yes, VCs themselves have to raise the money they invest. Manage existing investments. In addition, in some cases VCs spend a material amount of time interviewing executives and others for portfolio companies. Hint: Most of It Isn’t New Investments appeared first on SaaStr. Let’s break it down a bit.
For Pam, it all stems from a long-held belief that investing in the customer’s success will chart a direct path to the company’s. In the return of the Scale podcast, Pam details her support philosophy and the investments she’s making to drive better customer outcomes, for the long term.
The CRO Hiring Playbook Has Forever Changed The interview process for revenue leadership roles now at Owner includes a mandatory AI component. Do you invest in upskilling your middle performers, or do you focus resources on amplifying your stars? This creates a talent strategy challenge.
Force Yourself to Interview 30 Candidates for VP Roles Yes, 30. Use Screening Filters Create simple tests to weed out unqualified candidates before the first interview. Dont wait too long to make this hireits worth the investment. It sounds like overkill, but magic happens when you commit to this.
” Adobe Sign / EchoSign once “failed the due diligence” on a potential sale because their CTO was perceived as not strong enough (despite later becoming a chief scientist at Adobe) “You’re being interviewed and the bet is on the people” 6.
With nearly a full hour of Q&A with a phenomenal communicator as our guest, our “Off The Record” interview with Pat Grady (Partner at Sequoia Capital) surfaced a number of actionable insights for Founders. We’ve excerpted 10 key highlights from our interview below: #1 – Habits Of Exceptional CEOs.
Interviewers also face a new challenge: developing golden standards to evaluate AI fluency. Of course, this modern interview won’t exclude the other critical components of a high quality process , identifying characteristics of teamwork and sales skills or marketing expertise. 1 Fueled by AI.
Just note, you’ll need a strong balance sheet and stable investments — it takes money to make money. Market: products that aligned with her experience but that she was emotionally invested in and excited about. She used her interviews with investors to find out how they really felt about the product and their why.
But I hadn’t really thought of them as a proxy for all SaaS companies until I saw the CEO’s interview from a few weeks back. Vista’s investments are older, established SaaS companies with brands. The companies they own a majority of are collectively at $24B (!) in ARR, so it’s second only to Salesforce in SaaS.
Candid VC Interviews – Session #1 . For our very first session of “Off The Record” we are honored to interview Pat Grady from Sequoia Capital. Pat’s track record includes investments in Amplitude, Drift, Hubspot, Okta, Qualtrics, ServiceNow, Snowflake, and Zoom. Partner | Sequoia. Follow Follow.
Invest in Customer Support to Drive Retention Retaining annual subscribers requires ongoing support. Meet FastSpring Senior Account Executive Jay Jia and benefit from his expertise about growing a digital goods business in Asia in this deep diving podcast interview. ✦
I took advantage of the format to ask every VC I interviewed one question: Do You Open Cold Email? Personally, I do get behind on email, but I love an amazing cold email and have funded maybe ~50% of my investments from them. And you know, it’s not just me. (I I love a great cold e-mail). All of them do.
At some point in their growth, businesses usually start investing in customer research. No face time with customers, no interviews throughout the product roadmap – just a couple of weeks of user testing before launch. She dove into the world of customer interviews, and just like that, she was hooked.
In my own portfolio , more of my investments had a record month in October than a rough month. They aren’t perfect, but given how many CIOs they interview — over 2,200 for this survey — they’re one of my favorite sources for what’s happening in 2023. But is spending? I’m not so sure. Be honest.
Understanding the Importance of Revenue Goals Jason expresses concerns about the high costs associated with producing a podcast and questions the return on investment if not done thoughtfully. Jason Lemkin has interviewed some of the best founders on his podcast, SaaStr Annual.
It was a really great deep-dive on where venture is right now: Multiples have fallen back to 2015 and 2016 Why VCs can’t justify investing at $100m+ valuations in many cases today How optimism is bleeding out of VC, and realism has seeped in Why the “next round” often isn’t coming anymore, and how everything got inverted in (..)
In addition, this year Mayfield is sponsoring our VC AI Pitch Stage and will invest from $500k-$5m in the winner! Many companies strategically use the event to meet potential hires, conduct interviews, and build their talent pipeline. Meet and Find Your Next VP / CXO!
Klue , which operates an AI-based competitive analysis platform, announced a $15 million Series A investment this week. The round also saw investments from angels like Frederic Kerrest, who is the co-founder of Okta. . The engagement may last a few months and involve extensive interviews and online research (yes, lots of Googling!)
As a startup, most people who come to an interview appear happy. You interview 30 people. If it’s a role you’ve never hired, find someone great at it and have them do your final interview. Are Marketing Agencies Worth Investing In? How Do You Sift Out the Bitter and Broken Individuals When Hiring?
Your best bosses, VPs, mentors and others will give you “audibles” — quick bits of micro-advice during pitches, customer meetings, interviews, etc. If you aren’t investing 20% of your time, you’re doing less important things with that time. But embrace it if you want to be a CEO, a founder, and/or be a part of something bigger.
They spend most of their time on existing investments. Working with CEOs, recruiting for your existing investments, speaking, events, etc. Just doing VP interviews alone takes a lot of time if you do a lot of them. Best case, that leaves 30-35% of your time to look at new investments. 9 boards x 8 meetings a year x 0.5
For an Investment That is Very Good, But Not Great. We settle when we don’t interview at least 30 candidates for every position. But that’s rare. It’s just so, so hard to truly build something huge and important. Good but not great founders don’t get you there. Good but not great traction?
What Nobody Tells You About Seed Investing with SaaStr CEO Jason Lemkin and Cowboy Ventures Founder and Partner Aileen Lee. I think it gives us a perspective that maybe we don’t get in some other places, in addition to many great investments over the years. Aileen Lee | Founder @ Cowboy Ventures. Jason Lemkin | Founder @ SaaStr.
So as I’ve written about before, I’ve interviewed a ton of folks for CS roles in the past 12 months. Most for SaaStr itself (a lot of learnings there, but we have $30m+ of sponsors to keep happy), but also for a number of my investments and more. . — Jason Be Kind Lemkin (@jasonlk) October 9, 2022.
Enablement — setting your team up for success and investing in their professional growth. A designated partner means lower rejection rates at the very first interview. How do you set your team up for success and invest in their professional growth? Invest in enablement. Invest in the right tools to help enablement.
I see very mediocre executives that came into startups I’ve invested in and really get nothing accomplished in 6-9 months or more … then trade that experience for another VP role. It’s time to do them again: First, have the best VP in that role you know interview the VP candidate you want to hire. Again and again.
In a recent interview, Sid Sijbrandij, the founder of Gitlab observed something about remote teams that I think is absolutely true. But in the early days, by virtue of being close to each other physically, it’s easier to delay some of these investments. I’ve seen it in many of the remote/distributed companies we work with.
In this interview, David Sacks talks about how 70-80% of investor time is spent looking at AI. When Lemkin started investing ten years ago, his first five early-stage investments were wildly successful. Talkdesk is worth $10B, and he invested when it was just five people. Q: Should Early-Stage Companies Sprinkle in AI?
I like to equate this stage to Warren Buffett’s famous law of uninterrupted compounding interest—there is a significant difference between investing early and often into an IRA versus starting later in life. . They started off by interviewing internal teams to understand the pain they felt as our product grew and changed.
This requires effort from your entire organization, and Handshake VP, Employer Partnerships Jessica Peluso outlines some changes that you can make to your brand, and your application, interview, and offer process that will help find the talent you are trying to attract and hire. Below is the transcript of Jessica’s session.
When Garrett interviewed Alex, his challenge was to hire 30 reps within the first 30 days. Do many, many interview rounds. 3 – Invest in your onboarding process. Investing in your CRM and database is key. It’s easy to over-invest in sales and underinvest elsewhere. 1 – Have a recruiting strategy.
A mentor of mine suggested that I reframe my search to seek out companies that I would invest in, instead of the other way around. He told me, you can invest time, talent, or treasure. Unfortunately for me, I had little experience, not much talent, and lacked the treasure/money to invest. It seemed like the best investment! .
As an example, Expensify includes a portion of their interview process where candidates solve a math problem on a whiteboard alongside their potential teammates. At a previous startup she worked for, management was constantly interviewing people from big companies to take leadership roles.
Hiring a VP of Sales Who Never Really Understands Your Product During The Interview Process Ok I know some even many will disagree, but I’m right here :). They never invest the time after they start, either. I recently interviewed a seasoned VP of Sales that lived in the South Bay in the Bay Area (San Jose).
Interview at least 20 potential customers. This one took me a little while to figure out (thanks to Auren Hoffman for helping me see this clearly), but if you’re a founder, the best investment you can make is in yourself. And I put in a very large capital commitment into investing. And one you truly trust. See here.).
“A customer who tested the product and did a glowing user interview… then called me back to give more feedback” — Jason Weingarten, CEO/founder Yello. Received 6 unsolicited angel investment offers from ordinary people. .” — Marty Ringlein, Brex. ” — Ryan O’Leary, ListenUpBeat.
Alison brings the perspective of all sides of a startup, from investing to SaaS to Cloud. For Google Workspace, they invested in expanding and building Google Meet and the rest of the workspace during 2020. It was interesting because they got to interview a bunch of customers and sales executives.
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