The Official SaaStr Podcast: SaaS | Founders | Investors

SaaStr
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Sep 23, 2016 • 25min

SaaStr 059: How To Measure Sales Team Success, Test New Pricing, Build Culture From Day 1 & The Biggest Learnings From Watching Box Scale Into Hypergrowth with Michael Cardamone, Managing Director @ Acceleprise

Michael Cardamone is the Managing Director of Acceleprise, a SaaS focused accelerator based in San Francisco and backed by leading operators. He is also an advisor to and angel investor in early stage SaaS companies. Prior to Acceleprise, Michael was one of the first 30 employees at Box in a business development role and then led partnerships at an EdTech company called AcademixDirect. In Today's Episode You Will Learn: How did Michael make his way into the world of SaaS and then start Acceleprise in SF? How can founders know when is the right time to ship product? Does Michael agree with Reid Hoffman, 'if you are not embarrassed by your V1, it is too late'? How should startups look to establish a pricing mechanism at such an early stage? What are Mike's thoughts on freemium? Before Mike has said founders can charge more than they think. Why does he think this and how can founders know when they have reached their price ceiling? Do founders need to sell their own product? How should founders approach the sales learning process? What questions should they be asking How important is it for a startup to have an ideal customer profile? Should founders be looking for influential customers early or just getting as many dollars in as possible? How impactful can big brands and companies be as customers to early stage companies? 60 Second SaaStr Scrappiness: good or not as it just simply isn't scalable? Most common challenge for Mike's companies? Fave SaaS reading material? Entrepreneur optimism: Let it run or be wary? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Michael Cardamone
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Sep 19, 2016 • 21min

SaaStr 058: Intercom's Eoghan McCabe on Why There Are No Rules For Building a SaaS Company, How To Turn Every Challenge Into An Opportunity & Why You Will Never Have As Much Empathy For Others As You Do For Yourself

Eoghan McCabe is CEO and co-founder of Intercom. The customer communications platform that has taken the saas world by storm in the last few years with 116m in VC funding from truly some of the world's best including Bessemer, Social Capital and Index Ventures. He previously founded Contrast, an award-winning software design consultancy, and co-founded Exceptional, a developer tool startup acquired in 2011 and now a part of Rackspace. In Today's Episode You Will Learn: How did Intercom break out in the early days with seemingly lots of competition and an install before you buy process? In terms of category creation, in the early days how did Eoghan convince people of a product that had previously never existed? At what stage did Eoghan and Des stop selling the product themselves? When is the right time to hire your VP of Sales? How did Eoghan establish a pricing mechanism for Intercom? Why is Eoghan such an advocate for value based pricing? Why it is so important for founders and sales teams to have empathy for the customer? How can you practice empathy? How can you cheat empathy? How does Eoghan manage a distributed workforce so well? What does he do to create links and culture between both the Dublin and SF office? 60 Second SaaStr Biggest advice to SaaS founders? Fave SaaS reading material? Most proud moment of Intercom's journey? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Eoghan McCabe
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Sep 16, 2016 • 25min

SaaStr 057: Building & Scaling Your Core Execs from VPs of Sales to CSMs with Louis Jonckheere, Co-Founder & Co-CEO @ Showpad

Louis Jonckheere is the Co-Founder & Co-CEO @ Showpad, the company that enables sales teams by making content, findable, presentable and trackable. They have raised from some incredible investors including Dawn Capital, Hummingbird Ventures and Insight Venture Partners who more recently led their Series C $50m fundraise earlier this year. As for Louis, Showpad is his second company. He and his co-founder, Pieterjan, founded the mobile development agency, In The Pocket in 2010, where Louis still serves on the board. Prior to In The Pocket, Louis was a Strategic Partnership Manager at Netlog, where he first met Pieterjan. In Today's Episode You Will Learn: How did Louis come to found Showpad? What was the a-ha moment for him? How did Louis look to build out the core executive team? What have been the big lessons learnt? What have been the big mistakes and how has Louis changed his approach since? How did Louis look to scale the customer success team? At what stage did Louis hire his first CSM? Is $2m ARR the right benchmark? Do customer success teams need to be product specialists? How has Louis looked to build a scalable and repeatable sales process with Showpad? At what point did Louis decide to hire sales reps for the first time? What benchmark was this? Did Louis hire the first 2 reps at the same time? 60 Second SaaStr Louis' Fave SaaS resource? Louis's biggest advice to SaaS founders? What does Louis know today that he wishes he had known at the start? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Louis Jonckheere
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Sep 12, 2016 • 25min

SaaStr 056: What SaaS CEO's Are Doing Wrong With Their Marketing, What Questions They Should Be Asking & Why B2C Marketers Make The Best B2B Hires with Tim Kopp, General Partner @ Hyde Park Venture Partners

Tim Kopp, Tim is a Managing Partner with Hyde Park Venture Partners one of the leading early stage VCs in the Midwest. Prior to joining Hyde Park Venture Partners, Tim was the CMO of ExactTarget for 6+ years, leading a global team of nearly 300 amazing marketing leaders. Tim helped grow ExactTarget from $47M to $400M in revenue, through IPO, and ultimately to a $2.7B sale to Salesforce. He previously spent 10+ years in consumer marketing with P&G and Coca-Cola. You can follow his advice for startup executives and marketing leaders at his newly launched website:www.cmovc.com. In Today's Episode You Will Learn: How Tim made his way into the world of B2B marketing and then made the transition into the world of venture? Why does Tim believe marketing in B2B is unbuilt and uninspired? What would Tim like to see change? What are SaaS CEO's doing wrong with regards to organisation and scaling of their marketing team? What questions should they be asking? Why does the best B2B marketers come from the world of B2C? What makes them more effective than current B2B marketers? Why is ABM the most revolutionary thing to happen to marketing for the last decade? How can startups and CEOs integrate ABM into their current marketing forecasts? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Tim Kopp
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Sep 9, 2016 • 24min

SaaStr 055: New Relic's Jim Stoneham on Why Your Core Exec Team Should Be Senior Experienced Individuals & When Is The Right Time To Bring On Younger Less Experienced Candidates

Jim Stoneham is VP of Infrastructure Products @ New Relic and Jim joined New Relic when the company acquired Opsmatic, where he was co-founder and CEO. Prior to Opsmatic, Jim was CEO of Payvment, a social commerce platform for SMB sellers that was acquired by Intuit in early 2013. He joined Payvment from Yahoo, where he led Communities (Flickr, Answers, Groups, Delicious) as well as the integrations of Facebook and Twitter into Yahoo products. Prior to that, he spent several years building consumer products at Kodak and Apple. A huge thanks to Cindy Padnos @ Illuminate for making the introduction, without which this interview could not have happened. In Today's Episode You Will Learn: How Jim came to found Opsmatic and why he decided to sell to New Relic over other acquirers? Why does Jim have a preference toward hiring senior experienced individuals over young talent to the founding team? At what stage should startups look to bring on fresh, inexperienced candidates who are passionate for the job but in need of mentoring and guidance? Question From Cindy Padnos: John is a master of employee onboarding, so how does John look to onboard new employees in the most effective and fast manner? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Jim Stoneham
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Sep 5, 2016 • 23min

SaaStr 054: Why You Should Hire A Product Leader From Day 1 & How To Navigate 12-18 Month Sales Cycles With Only 18 Months Runway

Chad Arimura is the Founder & CEO @ Iron.io, where he drives the team to build the world's best cloud infrastructure services. Now they do have some pretty sizeable clients including the likes of Google, Zenefits, Twitter, Whole Foods and they have the backing from the likes of Steve Anderson's Baseline Ventures, Bain Capital, Matt Ocko from Data Collective and our friends at Sapphire Ventures just to name a few and Prior to co-founding Iron.io, Chad was CIO and founder of AllDorm Inc., a collegiate media and marketing company that provided fundraisers and viral marketing campaigns for clients such as Volkswagen, Domino's Pizza, and Visa. In Today's Episode You Will Learn: How Chad came to found Iron.io ? With a complex product like Iron, how much of a role does education play in the onboarding process for prospective new clients? To what extent does content marketing play the dominant marketing function for Iron both in terms of educating customers and converting potential customers? How does Chad view the balance of much larger ACV clients with long sales cycles compared to SME's with smaller ticket sizes and shorter sales cycles? What are the challenges when selling to large corporates and CIO's in the traditional corporates? 60 Second SaaStr What does Chad know now that he wish he had known at the beginning? What is Chad's favourite reading material? How does Chad deal with stress as a Founder & CEO? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Chad Arimura
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Sep 2, 2016 • 24min

SaaStr 053: Assessing Product Market Fit, Why Customer Segmentation Is Crucial & The Rise Of The Full Stack CEO with Greg Sands, Founding Partner @ Costanoa Venture Capital

Greg Sands is the Founder and Managing Partner of Costanoa Venture Capital. Prior to founding Costanoa Venture Capital, Greg was a Managing Director at Sutter Hill, where he was an early investor in the likes of Feedburner, AllBusiness, and Return Path just to name a few. Before Sutter Hill, Greg was the first hire at Netscape after its founding engineering team. As Netscape's 1st Product Manager, Greg wrote the initial business plan, coined the name Netscape, and created the SuiteSpot Business Unit, which he grew from zero to $150m in revenue. He also served as Manager of Business Development at Cisco where he architected a global channel management plan. In Today's Episode You Will Learn: How Greg made his way into the world of VC from Netscape? Why did Greg see the opportunity for an early stage B2B fund like Costanoa? Why did this fund not exist in B2B but was becoming popularised in B2C? To what extent does Greg agree SaaS investing is 'traction capital'? When investing pre metrics, what are the signs of promise Greg looks for? How does Greg assess product market fit? Why is customer segmentation and customer archetypes so important? What does Greg make of the 'full stack CEO'? Is it better to be specialised or jack of all trades? When is the right time to specialise? 60 Second SaaStr Greenfield opportunity in SaaS? Biggest advice to startup founders in SaaS? Easier or harder to raise money now than before? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Greg Sands
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Aug 29, 2016 • 26min

SaaStr 052: Building & Scaling Box's Customer Success Team with Jon Herstein, SVP Customer Success @ Box

Jon Herstein is the Senior Vice President of Customer Success at Box where Jon works to ensure that all of Box's Enterprise and Business customers are phenomenally successful. Jon has worked with some of the biggest names in the tech world, including Accenture, Informatica and most recently NetSuite, where he served as VP of Professional Services for North America and EMEA. Before NetSuite, Jon led the turnaround of Informatica's European consulting practice during a multi-year expatriate assignment, which eventually led to a 65% jump in revenue. In Today's Episode You Will Learn: How Jon made his way into the newly created category of customer success? How does Box define customer success and how does that impact their view and approach to the SaaS industry? Box has gone through the definition of private hypergrowth and is now in the next phase as a public company - how has that affected the CSM strategy? Box now have some very large accounts, how do you distinguish between the role of sales vs CS in large accounts? How do they partner to drive expansion? Jon is renowned for prioritizing career paths for his team, how does he accomplish this and balance this with wider operational and strategic goals of box? 60 Second SaaStr: What's the most common question Jon hears from CSM leaders? What's one innovative idea Jon has tested that might be shared with the audience, vis-a-vis Customer Success? What do you know now that you wish you had know when you started? The biggest mistake current saas companies are enacting with their CS process? If you would like to find out more about the show and the guests presented, you can follow us on Twitter here: Jason Lemkin Harry Stebbings SaaStr Jon Herstein
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Aug 26, 2016 • 25min

SaaStr 051: Hire Slow & Fire Fast & Why scaling Product Is All About Consistency with Kristen Koh Goldstein @ HireAthena

Kristen Koh Goldstein is the Co-Founder @ HireAthena, the on demand workforce specialising in accounting, HR and payroll. Prior to Hire Athena, Kristen was the Co-Founder @ Scalus, where she raised millions of dollars in venture capital from top VCs including Google Ventures and Sherpa Capital. Before that Kristen was the Co-Founder @ BackOps, the world's fastest growing back office solution. If you enjoy the show with Kristen today and would like to join Jason and I @ SaaStr Annual 2017 next year, then all you have to do is checkout SaaStr and buy your tickets for SaaStr Annual 2017. In Today's Episode Kristin Discusses: Why it is that the faster you hire, the longer it takes to build your business? How to make the transition from a family to a village with your team? Why it is imperative to hire slowly and fire fast? How to communicate new hires to the existing team to ease onboarding friction? Why hiring outside of your circle is full of risks? What you can do to mitigate those risks? What happens when you wake up one day and realise you are the problem in your own business? What really is scaling with regards to the product? How important is product consistency in the scaling process? If you would like to find out more about the show and the guests presented you can follow us on Twitter here: Jason Lemkin Harry Stebbings Saastr Kristen Koh Goldstein
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Aug 22, 2016 • 21min

SaaStr 050: Why All Founders Should Do Sales Until $1m ARR, When Is The Right Team To Hire Your VP of Sales & How To Approach The Hiring Process with Matthew Bellows, Founder @ Yesware

Matthew Bellows is the Founder @ Yesware and a specialist in helping sales people close more deals faster. Yesware serves more than 750,000 salespeople at companies like IBM, Groupon, Salesforce, Twilio, Yelp, VMWare, and Zendesk. Prior to Yesware, Matthew was the VP of Sales at Vivox. Before that, he was GM at Floodgate (acquired by Zynga) and Founder/CEO of WGR Media (acquired by CNET Networks). In Today's Episode with Matthew We Discuss: How Matthew came to be Founder and CEO @ Yesware? What was the a-ha moment for him? Whether sales is an art or a science and what makes Matthew feel this way? Why all founders should do sales until $1m ARR? What were Matt's personal learnings from scaling the sales team with Yesware? Why a CEO cannot also be a VP of Sales? When is the right time to hire an exec to run the sales team and begin sales specialisation? How Matthew approaches the hiring process? What is the best way to receive high quality candidates? What does his interview process look like? With the array of data on sales activity how can managers balance management with micro-management? What are the inherent problems? 60 Second SaaStr: If Matthew could do the process again, what would he redo? How does Matthew deal with rejection in business and sales? Strategies to optimise email open rates? If you would like to find out more about the show and the guests presented you can follow us on Twitter here: Jason Lemkin Harry Stebbings Saastr Matthew Bellows

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