The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20 Sales: How To Create and Execute a World-Class Sales Playbook, Why You Should Do Both PLG and Enterprise Sales at the Same Time, Three Non-Obvious Qualities the Best Sales Reps Have & The Four Steps To Sales Team Onboarding with Oliver Jay, Former CRO

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May 25, 2022
Oliver Jay, a highly successful sales leader and former CRO at Asana, shares invaluable insights from his extensive experience in tech sales. He discusses what truly makes a sales playbook effective and why it should evolve with the company. Jay emphasizes the delicate balance between product-led and enterprise sales and highlights the essential qualities to look for in sales rep candidates. He also explores the importance of proper onboarding and the art of tackling complex sales compensation plans to drive team motivation.
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ADVICE

Key Traits in Sales Reps

  • When hiring sales reps, prioritize reverence for the product and the ability to make others better.
  • Assess these traits through how candidates answer questions, not just what they say.
ANECDOTE

The Tony Huey Question

  • Oliver learned a valuable interview question from Tony Huey at Dropbox: "Tell me about someone you couldn’t help reach their full potential."
  • This reveals how candidates view their impact on others and their willingness to take responsibility.
ADVICE

Early-Stage Sales Comp

  • Avoid traditional commission plans in early-stage startups due to unpredictable targets.
  • Explore alternative variable compensation models like bonuses or team competitions.
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