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Podcast Summary: The Twenty Minute VC (20VC) - Episode with Ben Fiechtner
Episode Title 20Sales: 12-Week Step-by-Step Framework to Crush Every Sales Quarter
Episode Description In this episode of *The Twenty Minute VC*, host Harry Stebbings interviews Ben Fiechtner, the Chief Revenue Officer (CRO) at Clari. Ben shares his insights on sales strategies, transitioning from SMB to enterprise sales, and the advantages of verticalized sales teams. His extensive background includes significant roles at UiPath and Salesforce, where he drove substantial revenue growth.
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Key Discussion Points
- Closing Deals Faster
- Strategies for Increasing Urgency:
- Identify top three ways to instill urgency in the deal cycle.
- Consider appropriate discounting levels for sales reps.
- Understand prospects' internal buying processes to identify champions.
- Recognize major reasons that delay deal closures.
- Transitioning from SMB to Enterprise
- Timing and Mistakes:
- Discussion on the ideal timing for startups to shift into the enterprise space.
- Major pitfalls startups encounter during this transition.
- Advice on minimizing costs during the transition.
- Verticalization in Sales Teams
- Importance and Benefits:
- Understanding why a verticalized sales strategy is crucial for founders.
- Identifying the right timing to adopt a verticalized approach.
- Key resources necessary for effectively supporting each vertical sales team.
- Common mistakes companies make while implementing vertical sales strategies.
- Hiring Effective Sales Representatives
- Attributes to Look For:
- Signals that indicate a candidate's potential for success in sales.
- A pivotal question to ask every interviewee to gauge their mindset.
- Common hiring mistakes made by founders.
- Identifying early indicators of whether a new hire will be successful.
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Detailed Insights
Closing Deals Faster
- Creating Urgency:
- Use compelling events to motivate decision-making.
- Build personal connections with prospects to enhance urgency.
- Discount Strategies:
- Reps should understand buyer constraints and use discounts judiciously to facilitate sales.
Moving from SMB to Enterprise
- Mistakes to Avoid:
- Startups often miscalculate the timing and approach needed for entering the enterprise market.
- Cost-Effective Strategies:
- Focus on building relationships and understanding enterprise client needs before significant investments.
Verticalization in Sales Teams
- Benefits of Verticalized Sales:
- Enables tailored solutions for specific market segments, enhancing customer satisfaction.
- Challenges:
- Requires more resources and expertise to manage specialized teams effectively.
Hiring Great Sales Reps
- Growth Mindset:
- Assess candidates’ openness to improvement and self-awareness through targeted interview questions.
- Cultural Fit:
- Authenticity and the ability to connect with the team and clients are essential traits.
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Key Takeaways
- Sales Framework:
- Implementing a structured approach to sales can lead to better forecasting, improved deal closure rates, and enhanced overall performance.
- Importance of Preparation:
- Potential hires must demonstrate preparation and adaptability during interviews, reflecting their suitability for sales roles.
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Conclusion In this episode, Ben Fiechtner provides actionable insights for startups aiming to refine their sales strategies, transition into enterprise markets, and build effective teams. With a focus on urgency, verticalization, and hiring, this discussion equips founders with the necessary tools to navigate their sales processes successfully.
For the full episode, visit [20VC](https://www.20vc.com) or search for it on YouTube.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00Do you're looking at four different aspects of the business? Create, convert, close, and churn. Those are the four buckets. I tell people at times, salespeople aren't lazy. They just are wired to find the quickest path from point A to point B. This is 20 sales with me, Harry Sabings. Now, 20 sales is the monthly show where we sit down with the best sales leaders in the world to discuss tips, tactics, and strategies for startups to implement today. And stay with you join by Ben Fickner, Chief Revenue Officer at Clary, where he drives global go -to -market and revenue operations. Ben previously served as SVP at Uipath, growing their key accounts and regulated industry verticals from check this out, $150 million to $450 million.
0:40Before Uipath, Ben was at Salesforce where he held multiple senior roles, achieving significant year over year growth. But before we dive in, we need to talk about our sponsor for the day, Clary. Clary is an industry leading AI -powered revenue platform that is purpose -built to help companies optimise their end -to -end revenue process. With over $4 trillion in revenue under management, Clarice customers have a material advantage to optimise their enterprise revenue process across all teams, from rep to the boardroom, by leveraging the world's largest and fastest -growing AI reservoir of enterprise revenue expertise.
1:15More than 1 ,500 organisations, including OCTA, Adobe, Workday, Zoom and Finastra, run revenue on Clarice to improve win rates, prevent slip deals, for course with accuracy and boost the productivity of all revenue critical employees. To learn more about how you can create, convert and close revenue with clary, visit clary .com. You have now arrived at your destination. Ben, I am so excited for this dude. I have heard so many wonderful but also interesting things for many mutual friends, so thank you for agreeing to do this. I cannot wait to get started. I'm excited to spend the time here. It'll be a little bit nervous about those interesting stories you've probably heard.
1:52As I said to you before, this isn't your first time on the big screen because your first time on the big screen was when you were a young entrepreneur starting a t -shirt company. Just talking about the t -shirt company in college, Banner's the starting point. Love that we're starting here. So my freshman year, a buddy of mine, Troy Vossar and I lived in the same dorm and we were both nerds in high school. Where we did a lot of t -shirts for sporting events, student council, all of those things. There was a time when like every rapper was getting into a peril and so we were thinking like two kids had maybe one or two different or Adele beverages on a Wednesday evening.
2:25We're like we should start a t -shirt company There was this word scony which is kind of the equivalent of cheesehead in the state of Wisconsin Which is you know being proud of all things Wisconsin Brass Cheesecards Striking PBR on your John Deere tractor. We trademarked the word we sold we both invested three and a bucks out of our own money And like sold out of t -shirts and probably two days at that point like holy cow, we're on to something, we set up a knee -combers website, we started a wholesale business, and it was just right place, right time, and it's still, like, Troy's still running the business, and it's going really, really strong.
2:55Oh, whoa, whoa, whoa, whoa, I didn't realize that there's actually what? It's no offense, I thought it was like one of those that like crashed and burned. Wait, so it's still running today, and Troy still runs it today? Yeah, yeah, so there, and there's a bar now across the street from the stadium, there's a micro -brew, like beer that sold throughout the Midwest. Yes, and a lot of what happened was it was actually one of the most unbelievable experiences I think for both Troy and I and I don't want to speak for him But you know, I thought I was gonna go to politics I was gonna be a lawyer all these things we sold our first big t -shirt deal to the University of Wisconsin bookstore and at that point I was like holy cow.
3:29I love the sales thing. This is much more for me and more my speed So that's how I actually got into sales I would say and that's how I picked this as a profession one and two I mean over our four years it was insanely successful I would guess it's a in terms of notoriety and brand. We ended up actually having our whole sailor who's a buddy of ours as well That actually held everything held on the inventory Shipped it out for us so we just kind of took a margin and ended up really really minimal work for a lot of brand building and Gorilla marketing that was super fun to do. I'm a little bit embarrassed now I didn't realize it was quite successful.
3:59You shouldn't be this is great. Did you keep the equity? He bought my shares out and I forget what year that was remain friends to this day, but he's actually got everything to it. And I'm more a kind of the emeritus sciony person, if you will, who probably claims more credit than I should these days. Well, that's amazing. So as part of that, you mentioned the love of sales that are coming from selling that first large agreement. What did you love about sales? Like, what was it specifically? Funny thing, going back to the point of like, I thought I was going to be in politics, that that was going to be a lawyer.
4:26I was pre -lawless things. I don't know. I was dumb enough and young enough that I looked in the yellow pages, saw the biggest ad print name, called the lawyer, took him up to dinner. He and I went to the most expensive state restaurant in town because I knew you would actually pay even though I'd offered and he said look bad How many t -shirts have you sold a night? I was like Five he's like how much you've made him like 72 dollars like I got to go back to an office to make more money and work more hours You found a hack right so that was one that was like kind of steered me away from it and to what I realized about what I want to do for that Profession not that I loved arguing but I love sharing points of view and love trying to help people see things that maybe the had some clearly which was debate and politics and law for me, which then when we won our first deal with the university bookstore, it was kind of helping them to see a completely different market that they hadn't had because they hadn't changed designs and changed approach.
5:12They hadn't actually marketed or shared a message that students really cared about in the long time. Kind of that ability to convince somebody to see my point of view, one and then two, like when was super, super fun for me and like the thrill of the adrenaline, the hunt that like I got addicted to and knew I was going to be a salesperson. It's so funny though that you said about that because I am fascinated. I had so many great strengths that you have and one of them was kind of teasing out from customers what they want and also as you said getting them to see your point of view and convincing them.
5:42What are the biggest lessons in getting customers to see your points of view? What questions do you ask? What works? What doesn't? How do you approach that? Two things I miss. One, the majority of organizations I've been a part of, like I've been on the maturity cycle, where a lot of tech companies become as product sellers. They talk about me, me, me, me. Here's all the great features and functions. Here's the bits and bytes. I think the first thing in terms of like, and not that you're convincing someone to see their point of view, you're showing up with an opinion, right? It's the same thing as if I go to my boss, I can't say, hey, I have a problem, right?
6:12It's more, I have a problem, and here's an idea I have to fix it, right? And the same way when you're talking to a client, I think what we teach a lot of our sellers is really study their business. It's the easiest thing that you can do, and if you show up with a strong opinion of, hey, I've talked to your team, both qualitative, quantitative research that says, here's my perspective on where you should be going. And here's how I uniquely help you get there. You may not always win, but you have a disproportional chance that you're gonna actually have a seat at the table to help that person solve their business.
6:39And candidly, like, I don't wanna buy and I buy enough software for people that don't know my business inside and out and don't have a unique way to solve the problems I have. Like, we're not an anara anymore of just buying tech for tech sake. So that's what I think about that when you're talking about how do you bring people to the table? Yes, you ask a ton of questions. you do all the right things, but most importantly, before you end up to know someone, you do your homework, right? And show up with an executive point of view if you will. One of the things that someone said was super power of yours was creativity when it comes to deal construction.
7:09I want to get it right. They said, when it comes to deal construction, you're one of the best in the world. Taking the go -to -market team on the journey with him as we work to cultivate this muscle. What makes you so good at deal construction? And what is good deal construction? I don't know who taught me this, and I think a lot of great mentors probably had Salesforce that leaned into this. One of my first great bosses for a long long time, Eric Eigenciders, where he was like, you own pricing. Like, no, I don't. Like, I have to go through all the approvals I have to ask for this person, this person to approve you ultimately get to prove it.
7:37He's like, no, you own pricing. So, what was ingrained to me early on was, my job as a seller is to understand the client's constraints as it relates to their op -ex, cat -bex, cash flow, whatever it may be in the constraints that they have, which often is tough to figure out because sometimes it's yes the buyer knows it, but sometimes the procurement knows it. More often than not, it's a finance person that you never talk to. But if you can figure out through options and through the right questions, what constraints they have, and then you really understand the levers you have internally, the superpower has been with a lot of training from a lot of great mentors over the time.
8:08Like, how do you throw that needle of your constraints there constraints and find a win -win situation? But a lot of times I think folks just say, here's my pricing, here's my discount percentage, do you want to buy? versus truly understanding budgets as it relates to operating expenses cash flow, CapEx. What questions do you ask to understand that? Imagine I'm an angel in investment of yours, and I'm a great product founder. Yeah. Dude, I don't get this, and I'm trying to run sales myself before hiring my first sales rep. Yeah. What questions do I ask to find that out? I think that the way that I've always done it is, it depends on if it's a named user model or a consumption model, of course, but like looking at it, how do you want to buy?
8:45I'm not going to force you on how many users, how many of those things like let's just understand your deployment schedule, what you want to do and work backwards from there. So once you've mapped out the deployment schedule of call it the business as usual, for when users need to be live based on the value that you're going to expect or kind of the business impact against the complexity to implement, lay that model out. You're working together discovering that as they go. The second piece of that then is look as we look at this. Here's my levers is how I've always negotiated. It's usually server start date commercial times length of contract, those things are the biggest levers for traditional SaaS companies.
9:18I'm going to tell you about those immediately. Where do you have flexibility? And then we kind of bury the two. But a lot of it is understanding what they're trying to achieve and then understanding what levers you have internally and just marrying them together. What levers are you most willing to move on and compromise on? Without giving too many secrets about how to negotiate with Clary on the most popular sales podcast, I think the thing that we care the most about, of course, is number of users. So the bigger the population, the better the price you're going to get, and that is true for every named user company.
9:46Same thing on consumption, the more you're going to commit to, the better bright you're going to get. Next for us is service start date. So how quickly can you get them? SaaS companies can't recognize that until they actually activate users, meaning if you're going to activate six months from now, I'm not taking it until Q4. Q2 deals are worth a lot more money to me in that sense. The third thing is like, link the contract. Four thing is always probably terms and conditions of simple things, payment terms, whatever it maybe in creativity around teaz and seas. Okay, what about pricing? How do you think about discounting?
10:15There's always so much in some weaponize it and some a late night. A lot depends on the maturity of your sales theme. You have to have guidelines in place just for safeguards and governance to not do anything silly, but I truly do. And I've told my sellers that the last three companies I've been to is like you own pricing. If you come to me and help explain why this is important for the client's success and why it's gonna make them successful within staying with reasonable guide rails, we're gonna give you the pricing you need. I think that's ever true now where we look at macro, economic environment, SaaS, go into the tank, like we gotta be focused on adoption and long -term success.
10:50And there are times when people talk about creative deal construction, like yeah, we've done crazy ramps to get people off the ground because they were tight, but we knew it was gonna be a long -term contract and it was gonna help them. We've done unnatural things if we know enough and the client is willing to share what their constraints are, we can always find a way to solve it. Is there anything that I can do to instill urgency and a deal? It's another thing that I find really challenging. I sit on the ball with a lot of companies and I like, we can't get urgency in the sales cycle. Any tips there?
11:16I think beyond the traditional, let's drive a compelling event, right, of working backwards and figuring out something that's going to solve for them uniquely, that's a burning platform issue. That's obviously the most consistent and easy one. I think the other thing is finding the personal win, right? So for your champion, your buyer, the economic buyer, hopefully, you're figuring out what the win is for them and helping them be it relationship building, be it storytelling, be whatever it is, like getting in the boat with them. I find a lot of times like, and not asking for personal favors or those types of things, but if someone feels connected to you and connected to the product and feels connected to the success of the project, they're going to push to get it done urgently as well, which has been the probably the thing that I would use most successfully out of the traditional things we've done.
11:57Do you go for multiple champions in the sales process? And if so, how? I always think it's a hard one because it's like Ben can you introduce me to your wider team because you might not be here You might get hit by a bus will believe in which case I want to close this deal Yeah, and I think when I was a seller I think I did this with trying to fourth wall folks from the human element of you know I'm a salesperson You know it's my job and you know that like which is great about my current job like I sell the sellers So it's super easy for me to say to the CRO like you've been in my shoes You know I got to talk to the CFO as well I got to make sure that I understand his or her constraints to deal to figure this out.
12:32I think I did the same thing as a salesperson. A lot of times was just trying to make it a human element. If you come off in full salesperson cheese and say, Harry, I really make up some bullshit reason as to why you need to get to so -and -so. They're gonna smell right through it and honestly authenticity is the one thing that matters there. So I think what I always did was like, candidly, I'm a salesperson and you know it's my job to triangulate on this. So I don't waste my team's time and I don't waste your team's time. Can I have an introduction next, whyersy? Nine times out of ten it worked.
13:00Is there anything that we should or shouldn't do in terms of payment terms and conditions? Is there anything that you're like, ah, should you have learned? Be careful on that one. Look, I think the deferring payment terms for a terrible long time because someone isn't a tight cast position usually ends poorly. You got to make those bets really, really intelligently and I've done that and I've know people have been strapped and you've felt for the customer and you've wanted to put them in place to continue them as a client. but those ones are really, really careful and I would tread lightly on that.
13:27I think you're seeing cash becoming exceptionally more important, especially with interest rates as high as they are, so people are tightening those windows, and it's somewhat becoming standard across the board, so there's less give and take there. Are you saying buying new tech much less? Like people talk about CFOs tightening budgets, consensualizing, are you saying that? It's funny, so most of the CFOs I talked to are like, we're spending the same, we're just spending it on different things. And I think that one that means there's enterprise tech consolidation, So they're trying to say, hey, I can do as much with one platform as much as humanly possible.
13:56I don't need 12 best -of -breed products to I think you're seeing Folks dabble obviously with Jenny I and we got to mention it 10 times on every podcast we're on right but you're seeing people shift money there and spend more money there And that does get exceptionally expensive in certain spots But I don't think folks are buying less I think they're just buying differently and from what I've seen it's been more platform -based approach and it's been more platforms that have proven success rather than just the shiny object. So if you can show material improvement on an ROI of bottom line, you know, construction, top line growth, whatever it may be, folks are interested, but if you're just there because you're a shiny object, yeah, you're getting cut.
14:36What about forecasting? This is your business. How the fuck do you forecast accurately? Well, but traditionally, like the joy of SaaS was like, You know, you had your kind of everyone stayed and you added 20 % and it was a great business But now the accuracy of forecasting is so hard for me as a founder How do you advise me on how to forecast accurately in a time of volatility? I think three things one How do you drive the most simplistic process? I tell people at times salespeople aren't lazy They just are wired to find the quickest path from point A to point B So you have to make it super simple super straightforward forward.
15:10I think the second and third thing that I've learned a lot about being in my seat now is the process really matters. So there's a lot of forecast calls and I get to meet with a lot of CROs and unfortunate often that situation like forecast calls you listen to and they're like, hey, this deal's still good and we're like, yep, that's their forecast call versus I think where we looked at this at UI path and then again, a clarity was how do I drive a 13 week revenue cadence for the quarter that I'm going to actually chunk up into different four segments. So one example this would be like week one role looking at the same data that says, hey, here's my slip deal reviews.
15:42Here's my dealback walk up. Here's my commits. And the reason you're doing that so everybody's looking at the same page is just so that fraud line managers are all asking the same questions, A .E .s, I'll know what to expect. And that is a senior leader. You have the opportunity to manage by exception to say, where do I have a hole in the business? Is it top of funnel? Is it conversion? Is it execution? Or is it churn and retention? And that's where you're figuring out how to dial in. And so long -witted way to say one, tooling matters. Yes, of course, be process matters as much if not more on how you're actually engaging over the 13 weeks quarter.
16:14I just have to dive in on the 13 week cadence and how to run that. Just break that down for me. What are we doing week one? So week one, right, the first week of the quarter, typically I'm looking up the slip deal reviews. So one, you're looking at slip deals, everything that happens, A, because that's the easiest way to the path to commit. Those are deals that we're supposed to happen. and that's not me beating up people that's me just doing more homework to find out where can I share the number. What's a good reason for a slip deal versus a bad reason? There are always unnatural things that happen.
16:43I think a good reason for me is we try to pull it forward from the next quarter. We couldn't get through all of the required steps and so it actually should have stayed in Q2 instead of Q1. That's my favorite reason. I think stuff happens right in sales. It's the one profession that you can try to control everything, but shit still hits the fan from time to time. So you try to control as much as you can. And I can't say there's ever a good slip deal reason. I think some are just less bad. Okay, so we have that as number one. I can balance this on slip deals. Come too. You know, most companies are gonna say, hey, leader put in your pencil or your forecast number of what you're gonna hit this quarter.
17:15What I do with this and what our best practice is is you're looking at the actual pencil number and then you're building the commit deal back walk up we would say. So if I'm committing a million dollars, I better have a million dollars in commit deals. One, you're counting a number, but two, you're also calling your shot on which deals are the furthest along. leaders often push for more. Come on, Ben. Come on. Yeah. I mean, push for more. I think it's week one, though, right? So it's still early. You haven't done QBRs. You've even done those things. I want that number at least to tie out. I of course want to reverse waterfall where the dealback walkup is higher than the commit and the total pipe gen the most likely.
17:49All those fun things are better than the most likely and then the total pipeline is killing it for the best case. Of course, you want to reverse waterfall. But I think in week one, I'm pretty realistic about it because a lot of times they don't have the commit deals to actually back into the pencil and a lot of the organizations I've been. But like, are leaders wrong to push for more? When you ban say, hey, 1 .2, am I wrong to say, come on ban, we can do 1 .4? I think the best leaders don't believe the stories that they tell. Every QBR I've ever been to, every AE puts up a slide that says, here's me finishing at 120 % of the land.
18:20Every time. It's magical. Now, do I 100 % of AE's finish at 100 % of the land? Never. The best sales leaders I've been around the people that I've learned the most from is yes, you push them to tell more But you're really realistic and honest on the state of the business and that requires kind of the 13 -week process to make sure that you're checking and Understanding where the holes in your business are. Okay, so number two. We've got put down your number sales leader What's number three? This is so good, by the way number three and week one for us actually is we actually look at renewals a quarter out so we found we need roughly three to six months to move the needle significantly on a renewal on either retention, churn or upsell.
18:57So we actually are looking at that in week one on our dashboard as well. What does that involve? So for us the way you look at it depending on the business, right? You probably have telemetry on your adoption and usage data. You of course have the contract amount when it's coming up for renewal. And your cross referencing those two things to say, hey, if this person is bad, telemetry, you're bad, adoption usage and a big contract, I'm gonna prioritize those discussions. Prioritizing those discussions. Then we just put more CS apps on it. We give them more. Lot love. What do we do? I think you're understanding the risk in week one for us.
19:31Yes, eventually you're likely swarming around it. But I think for me, it's as simple as, hey, let me look a quarter ahead. Do we have any glaring mistakes? And it's probably 5 % of the forecast call. But holy cow, it's a new quarter. Let's start a new, let's get a spring call related to this or a big deal review or whatever you want to call it to get the team on the horn. Because one of our top 10 renewals is at risk, and let's deal with it now instead of 90 days from now. So that's probably the step on that. And then step four is basic of like, let me look at my overall pipe coverage, and you're looking at that based on historical conversion rates from various stages.
20:02And that's where I think from us, our tooling comes in more to say, hey, the predictive forecasting, the ML is going to tell you you're going to land at this based on where the pipeline sits today across early stage, mid stage, late stage. And once you have those four things, like that's week one and we can go through the whole thing but it later just turns into more of like how do you then look at conversion of pipeline and then in the last couple weeks of course it's just purely execution of are we doing the right things to make sure we're moving the needle in as short as time frame as possible.
20:29It is amazing to be as granular as this because so many founders will literally be pausing and taking notes on it and so my question to you is like should we go through week two now or are the elements where you're like this is a cool milestone point this is a cool milestone point, focus on this. For me, we chuck it into four chunks. So what we did is actually, and my SVP have rev up, Scott Pyser, he helped kind of document all this, and we realized it was to tighten up our own forecast cadence, and then we were like, holy cow, we're onto something, and client should be able to have access this too.
20:57So a lot of times we're giving it to them, or we're just mapping back based on their individual business eats, or revenue objectives. The way I think about it is based on the individual week, and there's different widgets or different pieces of the dashboard, but it's you're looking at four different aspects of the business. So one, and I will use a cheesy alliteration to make it easier to follow, but we think about it as like, and depending on the week, you're going deeper or less deep into each of them. So you can imagine in week one, like we just talked about, Crier is kind of the most important piece of this of looking at pipe gen efforts.
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21:27Do I have enough pipe coverage? All the things we talked about, but like the last piece of it is, what's my pipe coverage? What's my historical pipe coverage? What's my historical pipe by stage? same time last quarter, same time last quarter last year. Those types of things where you're just really trying to understand the help of your business. I think Convert Week 6, I'm looking at Stalled Pipe, I'm looking at Pipe that's been in a certain stage for a certain amount of dates. I'm looking at all those things of like wearing the med pick questions who I have holes. Close, right of course is the last three weeks of like just making sure what deals are in commit that haven't talked about budget.
21:58Don't have MSA sign, have an exchange files, aren't at the right level from the key stakeholders or shareholders, whatever it may be. and then churn is the dreaded C where you're looking at throughout the time. In software, you can't do unnatural acts typically to get you to renew, unless then call it three to six months. So you're always looking Q plus one plus two and looking further out depending on the week. And when you have more time to be really, really smart about seeing around corners. So we will create, convert, close, and churn. What's cool to do in Convert Wow. So one, you have all the stats to say where deals stalled and some of that can be CRM hygiene, hopefully that's what it is and it's not lack of operational rigor.
22:36I think where we see a lot of this is one we use MedPick internally and making sure we're asking the right questions on a forecast call. And the interesting thing we deployed is actually all my leaders now record their forecast calls. I listen to the smart summary Sunday night. So instead of going to the forecast call to say, hey, we still good on that deal. It's I know my enterprise sales leader has risk on three of her five top deals. I know her number. I'm going to dig in specifically on the three areas that those deals are stalled. Maybe it's legal, maybe it's security, maybe it's we haven't built the right champions.
23:04Whatever it is, but I think what you're aggregating those pieces, in the convert part of the bulk of the quarter and the heavy middle, you are absolutely focused on where the holes of these deals and not to beat the people up. But more specifically, like how do we get the weight of the company behind whatever they need to help close that deal? What tools and processes do you use in the convert phase to move deals down pipe? It's clear for me as a forecasting platform is as a CRO you have a gun to your head every day. You don't have enough hours in the time and as a founder you feel the same way.
23:34So all I need is give me the signal to where the gap in my businesses and a lot of times it's on the career are on the convert side to your point. So if I then go into the convert I can look at call recordings I can look at sales engagement I can look at med pick questions I can dig into the deal review to say hey these ones are stalled or at risk because hopefully kill it. Clare is saying, look, these are the five that are not going to close. And then I know where to go. And then your job as a sales leader is pretty natural, I think, for most people to help understand where that deal is at, how you can help and then move on from there.
24:03So that's one, the tooling to the process to just make sure stuff doesn't fall through the gaps, but ultimately just to try to focus your time for the signal to noise. How do you advise founders on leveraging the team to work more together to close the deal? What do you do in those cases? Is it ever like Ben you went to you know Wisconsin this guy's a Wisconsin guy like coming on this cool talk about Scani and Just build that rapport so it's a little bit more natural. Is that it? So I think it's really hard to get a team to work together well in a deal that isn't a good team to begin with and this may be To a theory all but I think about it more of like hopefully you've built great cross -functional Relationships and my job is a CRO to be tight with product tight with marketing tight with the CEO and have those open and honest relationships so it isn't, hey, this is what I need specifically for this deal for Harry.
24:50It is more a natural thing that always happens of, hey, this one might need a product roadmap. This one might need some marketing love. This one might need whatever. Like, if you don't have that trust in that foundation set up up front, it's really hard, and it's really obvious, and there's the jokes we've all made of when certain sales teams show up with 16 people in the room. It's because they don't work as a fricking teaching, right? And those that do can show up with three and say, yeah, we got each other's backs and we can and interchange roles. So I think I take it back a step further of like I think my job as a CRO is to kind of be the glue for the company for the customer -facing efforts to make sure we are one unified front.
25:23Convert, I have so many where I'm on the board of and they're like yeah, you know, honestly, they just said it slipped to next quarter. They love us, they love us, man. But it just slipped to next quarter. How do you respond when someone in your team says that? I hopefully at that point you've gone through like who's the decision maker? What is their decision criteria? What was the compelling event? Is this budget in funded? the traditional med pick questions and you'll know pretty quick digging into one quick one on one with a seller like if they actually did their homework or if they just trusted their champion and they do have a great relationship but they didn't actually help them sell internally.
25:55I think there's a reason all these sales methodologies exist. It's because if you do the homework nine times at a time it does work and I think a lot of it is just doing the right research and asking the right questions. What are the biggest reasons deals don't close? candidly is you don't understand the client's buying process. And why I say that is usually the deals that don't close are the deals that are commit that are the ones that are most painful, where hey we're 75 % likely to be chosen, where the vendor of choice, whatever it may be, like then it really is just a process problem that you didn't truly understand with that person had to do internally, but I think specifically for me the most painful ones are the commit, which is I think coming back to not understanding the buyer's internal processes to get things talk to me about churn.
26:36When you look at this, the hardest thing is also the relationship between CS and sales. We do the close three and then we think about four churn. And often it's because I close band and then I throw you over to, you know, whatever on CS. And it's like a terrible handoff. How do we think about creating great interplay between sales and CS to make sure implementation adoption is great? Back to your earlier question. A lot of it has has to do with selling the right way. So if you're selling the right way and looking at the ideal construction, looking at when someone wants to be live, truly understanding the process, rather than just saying, here's a sexy widget by it, but you've mapped out their journey based on business impact and complexity of the implement.
27:14You understand upfront in pre -sales, what they're going to do and what they need to do. It's a hell of a lot easier to hand that blueprint over to customer success and have them pick it up like they've been along for the ride the whole time. Then if it is, hey, Harry, I have this great product that's going to solve all these issues, but we don't actually do a thorough sale. That's never going to work in general regardless of how great your CS team is like you have to have a very thorough and Outcome -based sale I guess from the beginning to make sure that your customer success team is set up for success So we have these but the speed of which you go through them is going to determine a lot and that is often determined by the size of the contract All the size of the deal.
27:52Yep I would love to discuss the kind of transition from say smaller commercial agreements to enterprise agreements much larger deal Yes, what are your biggest lessons in terms of what it takes to grow from smaller commercial to large enterprise accounts? So and I think I was fortunate enough, like I started my career actually at Salesforce as a commercial AE and then I got fortunate enough to move to the enterprise team and become a global account manager. Honestly I looked at actually the move from commercial to enterprise and it was funny, I sat down with my AVP at the time and he said Ben you got to treat this account like 80 little accounts.
28:25It's a big global conglomerate, they have multiple different PNLs, they have multiple different regions and if you just treat them all like little commercial accounts and do the homework for each and solve each of their problems, it'll bubble up one day and eventually you'll drive a big enterprise license agreement. So long way to wait if thing for me is like it's the same game, it is just different stakes in terms of the number of internal stakeholders and folks that you have to have your back and help you to get things done and then obviously external stakeholders, it's a lot more complex to sell to a 300 ,000 person company than a 300 person company.
28:54But I think that the process and the motion should be the same for the best companies of the world. Can the process and motion be the same? You're a CRO. Resource allocation is one of your core roles. You cannot allocate the same resources to a 5K ACV as you can a 500K ACV. How do you think about mapping that out? And does that get more challenging in a world of PLG? Well, the country is probably smaller. That's totally fair. And I think what I meant is more the motion. So I think hopefully I'm doing a solution selling motion. and I'm understanding the clients problems and providing my point of view, I'm showing them how I uniquely solve it.
29:28I'm doing creative deal construction, that's a win -win. If I'm in enterprise or commercial, of course there's the complete long tailed that hopefully you can set up some type of self -serve because costs of sale and all those fun things, but 100%, like given the complexity of the internal stakeholders, the external stakeholders, you're going to need more people and more capacity and more yield on the biggest companies in the world, which I think is pretty common for most places. I was gonna say, how do you think about it? like it is trial and error. I've seen so many times like your favorite salesperson or the loudest squeaky wheel, right or whatever, is going to ask for the most amount of resources and sometimes you trust it, sometimes you don't.
30:02I think there's a million different thoughts about how we actually resource these things correctly and it's a lot of it is trial and error and never bringing too scared to be iterative of we got to change especially the company our size of like we make decisions based on where we think there is the most propensity to buy and there is the biggest opportunity. But stuff changes and things happen and you've got to be willing to iterate and move folks around like without causing too much disruption How do you think about when's the right time to invest in sales enablement? It's a little bit of like an insider's game and for product that found it's like sales enablement When should they start investing in it?
30:35I think if you hire the right sales team sales enablement not that becomes an afterthought But I think a lot of folks think about and I get asked this question a lot of sales enablement I'm like I read something the other day that was physician start listening after 18 seconds and that's not a knock on doctors. It's just like, if you talk for more than 18 seconds, people are likely turning out. So when you do these enablement webinars and you're saying, hey, it's a medatory two hour session every Friday, we're gonna talk about product sales process. You fall asleep. If I am a good FLN, and if I am empowered and accountable to drive all of the micromoments, and we say, Harry, we just got off this call.
31:10Here's the three things you could do better. Help me understand what I could have done better. Like, and actually create more of a culture of accountability and feedback. Back, I have found that drives a hell of a lot more enablement in those micromo moments, then like the big overall SKOs, the weekly webinars. You have to do some of that, but I think it's really, really, really be measured about it, and specifically for a startup. You're probably all in the same office, you probably all talk a thousand times a day, you probably go to breakfast, lunch, and dinner together. I don't think you need formal sales enablement at that point, you just need really, really, strong sales leaders that think about accountability and enablement as part of their job.
31:43What do you think startups get most wrong as they try and scale from smaller to larger enterprise accounts? I think it's a big bet, right? And at Clary, we looked at enterprise versus commercial, and I think we said, hey, we've the most sophisticated forecasting tool, so we should move more capacity into the enterprise. But it was a big strategic decision at the board level. I think a lot of folks go to enterprise because they say, hey, there's more money there. And that's always true, but I think you have to find your product niche, and the unique problems your customers have and how your product solves it, is where I would spend and put my chips.
32:15And I've found her friends that are saying like, we want to be Jenny I for very small startups. We don't want to deal with the biggest companies in the world because we can't build the capacity that they have. And I think that's a very intelligent decision. So Stevie, the CRO Vanta is also in 20 ,000. So I work with her closely. And she always says that actually you can stress test moving into enterprise more reasonably or without such investment than people think. Can you dip your toe into an enterprise motion without having it be a big company wide bet? Yes, I think you can. What I meant is if you're shifting your capacity to enterprise, you'd better be very, very sure of it.
32:50Even the biggest tech companies in the world, when they're calling on the other biggest tech companies in the world, you're going to have different requirements. They are a special snowflake. You're going to have to invest R &D dollars, which most startups and most earlier stage companies don't have the capacity to do on the development inside. So I think to her point, it's a great one. If you test it with, hey, I'm going to go after name big company X, Y, or Z. And if it requires a huge shift in my roadmap, you're going to have to give up stuff that you were planning on developing, which I think is the hardest part for earlier stage companies.
33:20One thing I've noticed that really increases speed is much tighter product marketing and verticalization. You're able to build a brand in a much tighter community. Can you help me out? What are some of your biggest lessons in terms of building vertical teams? When it comes to product marketing and messaging and I think Salesforce is the absolute master at this, if I talk about bits and bytes and features and functions that are relative to your individual problem, like you're going to lose. I think for us, when we talk to MedDevice companies, we show up and talk about forecasting the way of creating Word, Closed, and churn and they're like, we're a consumable company.
33:56So we had to relearn how to actually talk to MedDevice companies and really understand like, oh, okay, like you're not forecasting in the way that we are in terms of true B2B opportunities, you're actually forecasting in how many syringes or how many whatever they're going to go through on a daily basis. How do you reframe this and help you track that in a more accurate way? So, extremely long way of saying, talk the language of your client, understand their unique problems and how you can uniquely solve them. And sometimes you can't. Right? And I think for earlier stage companies a little bit is, yeah, it's always fun to go after the JPMC's, the bank, the more ingredients, the biggest banks of the world, but sometimes you're not a good fit.
34:29So play where you fit well. And that's been, I think, a big thing I've learned through the last three steps. How early can you verticalize? Is it only when you're huge or what's the lesson on timing? This is a great debate that I've had many, many times as I've verticalized teams. I think unless you have a verticalized product, it does cost money, right? And I remember a Salesforce exec had a sales telling me when we started healthcare, he's like, I'm expecting you guys to actually shrink this year and then grow exponentially, but it costs money and it is an investment because it is harder to scale across a bigger geography.
35:04So I think you have to be willing to take that if you're a certain size company. I don't understand why it's harder. Like product marketing is easier. What of mouth is quicker? Product resonance is better. You're understanding of the customers better. Why is it slower? I wouldn't say it's slower. And I'm a violent proponent of verticals. I think folks would just say it's more expensive because I can't take a banking expert and put them into healthcare. And there's not as much abilities that are designated hitters or can play every position on the field like your CSM team S to understand it your SC team S to understand your a team S to say so there is an added investment there plus you're specializing your messaging versus if you have a broad base message that applies to everybody it's a little bit easier from a product marketing perspective but I violently agree with you I think when I look at the CROs I talk to those that have sound vertical strategies are the ones that are feeling the least amount of pain throughout this macro climate because I think they have it nailed and and I think those with vertical approaches are actually winning right now.
36:01Who do you think has the best vertical sales strategy today? I'd ask you that first. I think you talked to a lot of folks. I would actually say a company that we just invested in actually, this is German business called ALO. And it basically takes on light speed and toast for payments providers for restaurants. And they have a vertical sales strategy for ethnic restaurants. Ethnic restaurants are basically anything that's not your domestic restaurant. They have a vertical sales strategy where they send in a Chinese person into Chinese restaurants, Taiwanese person into Taiwanese. Why? Because people want to buy from people who are like them.
36:33And when you're in a neutral slash foreign country like Germany or Italy or France or Spain, a Chinese person or an Italian person will instantly have so much more engagement when that person comes in speaking their language. Instantly you are 9 out of 10. That's fascinating business concept, by the way, and good investment on you. So I think a lot of folks that have the dedicated vertical strategies and specifically vertical solutions are the ones that are persevering the best I should say with the macroeconomic conditions. I actually think you should do it as soon as possible. I think people if they could can learn verticals pretty quickly.
37:06You learn by speaking to people by doing that, that's my qualification and actually you can dip your toe in the water too in the couple of core verticals and so I think do it as early as possible. We've spoken a lot about the process and everything that's involved. We've kind of jumped the step of you actually you need good people to make all of that happen. Just in terms of hiring, I want this to be like a coffee way you're advising me. How do I hire great sales people? I think for me how I think about sales people and another cheesy alliteration, I think about it to three lenses, attitude, aptitude and authenticity.
37:41And they all kind of mean a little bit of different thing, but I think those are the three things that I care the most about. I care less about experience, I care less about the role at X, I care attitude in any sales organization, you're going to have problems and you look at them as opportunities. How do you test that attitude? I think two things. My favorite interview question is somewhat testing for growth mindset and what we should ask this for the podcast. Harry, you've been wildly successful. What's the number one reason you haven't had more success? So most salespeople will say, I didn't have the right territory.
38:08My quota was too big. I didn't have a product that customers resonated with. You're immediately not hired. If you say I honestly have it struggled with X, Y, or Z, or I'm really working on X, Y, or Z, I then know you probably have a growth mindset that you're self -aware enough to know that you're not perfect. What percent of the time do people say something that's self -aware about themselves versus it was actually the segment, it was the price, it was the error. Surprisingly enough, it's probably 60 to 70 % of the time. Sales people will say something that was outside of their control. Wow, okay, so that's a quick discolification.
38:42Yeah. Okay, so we have attitude there with that. Any other questions that has for attitude? You can tell on folks like, yes, you're boasting about yourself a little bit on an interview, but I think the other piece on that attitude is how curious are they about the company? And nine times a 10 with like, I'm brutally honest and not a sales pitch, but I'm saying, hey, here's all of our awards. And you'll tell really quickly of like, they scared and they want to have a perfect quota and a perfect territory to jump into. Or are they looking at it as an opportunity and things I can actually change and I can stand out with whatever problems I may have.
39:10It's similar for me when investing. I, to test Astute, I always want to see an entrepreneurial mindset super early, because it's the biggest correlation with YouTube. So I always say, how did you first make money? And there's two answers. One is I started selling T -shirts when I was at university and no, Joe said, and it happened and I learned this. And the other is, oh, I came out of Cambridge and then I went to McKinsey. Yeah. Big difference in terms of the attitude early. Okay. So we have that in terms of Astute aptitude. What are we looking for here? Yeah, aptitude I think is, are you being too actually curious?
39:40This you can figure out really quickly to interview two, one, it's amazing to me how many candidates don't ask questions or they ask, hey, what are the nepses in the process and they don't come like, this is your one time to interview me too, right? And interview our company and make sure you're pushing there. What questions should candidates ask? Are there any generally speaking that you should ask? I did this the other day. I went on chat GBT and I said, what are the most popular questions? And it's amazing to me how many people do the same thing and they ask those questions. So I'm not gonna answer that.
40:06I think the thing is is like you should ask genuinely what you're concerned about and what you authentically care about. Sales people need to be authentic to connect with the person on the other end of the line. If they're not sharing what they really care about in that interview and they're asking like, what do you think the biggest growth lover is for Clary? Like shut up, no one cares at that point, right? Like, let's be honest, if you say, hey, my favorite interview question, I asked all the time, like, Harry, what's the one thing you change about your company? Nine to 10 to 10, you'll catch people flat footed and they'll share the real opinion about what they care.
40:35I think to me on the intellectual career aspect, you have to have it on your product, you have to have it on your space, you have to have it on your customer, and you have to be authentic about it as the last eight. And if you're not sure up in an interview process saying like, hey, I really need this amount of, I don't care what the question is, ask what's authentically you. Is it challenging when you have a candidate who's just purely money most of the cases? If you work up and I'm like, badness and I'm not that insatiable, I don't really give a shit about forecasting. I will close dollars and I'm a machine closing.
41:01I love the sales game. No, you can start with something. I can start with nothing. If they check all the other boxes, I have no problem. If money is your number one motivation. And I think most sellers try to hide it, and there's nothing wrong with that. And as long as you're authentic about what your reasons are, it helps me understand how you're going to potentially fit in the culture and be how I can help you stay motivated. The lucky thing is venture capitalists aren't money -motivated, so I don't have that often. Or that about you all. What's the best question you've been asked by a candidate?
41:32My favorite question, and almost every conversation I have, is, is there anything that I didn't ask you that I should have? And that's a good catch -all for the end of an interview. I think that a lot of times we'll get me to say, yeah, or no, right? Like it's kind of a soft close before the close. So that's a question. I think I ask a lot of clients at the almost the end of every client conversation, and I think the same thing for interviews too. What skill that you're slightly cautious to admit has been the biggest contributor to your success. Two things that I think a lot about. I think one earlier on my career was the fear of failure.
42:03For sure, like I was very much motivated to say, I can't lose it anything and I'm gonna outwork, out hustle, do everything within my power to make sure I don't lose. Let's talk to someone actually our CEO the other day about this of like, on a bike, if you try to pass me on a bike when I was 30, 10 years ago, I would throw up trying to pass you. I couldn't let it happen. I was that competitive and everything I did or ping pong or silly things. And I think that was a big thing for a while. And there's a motivation there that's like a competitive drive. And then second piece I think is like, I don't wanna let people down.
42:33I think one that's hopefully make me be a great or decent people leader I should say. But also like the impact you're gonna hopefully have with clients if you think that lens of like, I wanna make sure they walk away from this in a healthy spot. Is another thing that I'm somewhat embarrassed to make because that don't wanna be like a people pleaser. I don't wanna be that person and say that I'm like, so insecure that I'm always worried about how people think about me, but I think a lot of times it is, I really, really don't want to let people down. I don't want them leaving with a great taste in their mouth, regardless of any conversation, interaction, purchase, whatever it may be.
43:05Listen, I can do feedback review. I think from all the conversations I had before, your biggest triumph is your biggest weakness, which is like your authenticity and kindness. It's easy to build very real relationships, but actually it means you delay some hard decisions and struggle with doing those discussions because of the authenticity and kind of kindness. It's like kindness is good and it's challenging as well. I don't know who you interviewed and who said that, but I will make sure I call them later and just size them as a way to make sure that I'm just kidding and lay into that. No, I think it's totally fair feedback.
43:36And I think it's probably the biggest development area that I have is as a sales leader, clear as kind, and I think I've gotten that, and I think I now know that, like, if I'm direct with you Harry, and I tell you exactly what you need to work on, That's actually the best thing for you. Then if I try to sugarcoat it and be nice and not be intimidated to let you down. Um, and that's a huge thing that I've worked on. I'd say over the last three to four years. Do we do take homes in the interview process? I've struggled with the role playing because I think people then overplay the acting part. And a lot of times my own team and myself don't read the prep well enough to be like, the person's actually really asking you a good enough question.
44:12We're just being jerks and not playing the role of the CFO. So I got rid of the role playing. I think the thing that we do is and that we've somewhat perfected is hopefully you come in, you're going to present an account plan or an executive point of view. So we'll pick an account that's in your patch. We'll say come in with us, you're going to act like you're prepping your boss or your boss's boss for an executive meeting. So we're playing ourselves and you're going to help understand a what the executive point of view is, what their biggest challenges are, how we can uniquely solve them and how we'd approach the meeting, which I think you learn a lot about how one sells people prep, but be back to the original first question you asked me, can they develop a strong, executive point of view that is actually unique and is pointed enough that is gonna A, get them the meeting, and B, help drive value for that client ultimately.
44:55And then what's the most common reason that wraps fuck up in the interview process? I think they're just unprepared. Wow. And if you're unprepared for an interview, like how are you gonna be for a customer call? The only thing I'm probably say is maybe that ensuing with 10 different people. And so if they're in the role, than it may be different, but I totally agree with you. You know this, and you probably, I don't know how many times you've interviewed, I've interviewed for jobs I blamely, it didn't always have interest in going after, but that's your brand. Even if I didn't want the job, I better show up really, really well so that when they think about me the next time, like I'm there, the same way with recruiters I call, I will show up prepared and have a unique point of view.
45:32I think that's just table stakes. So like the one thing you can control is your attitude and your preparation. That isn't so much to ask. Okay, so going back, we have attitude, we have aptitude and anything else. Authenticity, which I think we've talked a little bit about. I think what I've found over the time is like, I've seen a lot of performative sales people who think this is what a salesperson should act like and be like. That rarely works. To your point, there's money driven sales people. There's sales people you've met that are complete assholes, but they own it. As long as you're authentically yourself, people are going to connect with you more.
46:02And if you're vulnerable and open and are who you are, I think it's way easier to connect with others. And I think people want to buy from people like that. Final element, we get to the comp plan. We want to put ban in the team. What are the biggest lessons on creating a comp package that's compelling for sales reps? I think where we've looked at this in an example from Clary, we had Hunter Farmer sellers, and then we moved to a hybrid for the enterprise team, meaning they had both install base and that new logos. I think so often, comp plans are designed after the fact. I think the only big lesson that I'd have is, you need to decide your go -to -market strategy, And yes, that's going to have inputs from finance on margin targets, profit targets, growth targets, all of those things.
46:43Design your sales alignment, design your sales motion, and then the comp plan should come after that to reinforce those things. I think too often it's back into like, well, this is what we did last year. Let's make a small tweak versus holistically taking a step back and looking at the overall go -to -market strategy, alignment, motion, talent, and what you're trying to drive and use those design principles to design the comp plan. You said before there about the Hunter farmer. I'm just intrigued. I have Dave Kellogg, who I love as a Gaston before. And he's like, you never wanna have your farmer against someone else's hunter.
47:16How do you prevent that? By the way, I love him too. And he had a blog recently that like six bolts, I said it with my, I like the greatest career advice and like holy shit, is he good, share it with all my leadership team. The question, how do you make sure your hunter doesn't go up against your farmer or I'll get someone's farmer? I think you have to choose your segments really, really intelligently. Back to your earlier question about where do you put your pocket pass to, where it's going to drive the biggest yield for us. That was a move to enterprise. We got very, very specific of our enterprise.
47:42They ease out 100 accounts of their territory. That's never going to work. Let's be super smart about the ones we have to win and let's overstaff those. Hopefully, if you know your ICP, you know your unique solid that you have for that client base, you're going to put people in the right space and then you're not going to run into that. but it's gonna happen probably in longer -tailed businesses all the time. I want to move into a quick fire. So I say short statement. You give me your immediate thoughts. Does that sound okay? This is a lightning round. I love it. What sales tactic has died of death?
48:13The pricing expires at the end of this month or end of this quarter. Use car salesmen of like this deal turns into a pumpkin on October 31st. I think people will call bullshit every time on that. What about, hey, we take our big customers to a box at Taylor Swift. We do big golf days. Does that still have things? Not always for my beer budget and champagne taste, but I mean Salesforce still responds to there's Formula One and I buy all the looks of it. There's lots of people were near you last week and having a great time. What's the biggest lesson from Uipath? Be extremely intelligent and design your sales team base on product market fit.
48:48I'm proud of that. When I joined Uipath, we were designed in geographies and I had the pleasure of running their key accounts program which called their top 100 accounts. I had banking and healthcare clients So the JPMC's, the HCA's, the signals of the world, we saw an absolute disproportionate of opportunity and we hadn't planned our capacity for that. We had peanut butter spread everything geographically wise and we said holy cow, even though healthcare and banking are our biggest baselines, it's also our biggest potential opportunity because of how our technology of the time fit in with the problems that they add.
49:19And I think as a second line leader at the time, I've made the call to help push all the chips in from my perspective, but build a coalition around me and I certainly wasn't my own doing. But it was one of those things of like holy cow, we have a unique product market fit. To your point, don't be scared of articles. Don't not dip your toe in. And we made the bet in a big, big way and it paid off. That was one where there's been plenty of times in my career where I've seen something work, but it's like, oh, that might have been an anomaly. That might have been an exception. And in that case, it was holy shit.
49:48This is really working. And we got to push all our chips in and the company rallied around it and did it. What are the biggest reasons CRS and heads of sales fallout? I think too often they come in with design playbooks or this worked at this company in blah, blah, blah, and I'm going to copy and paste it here. Instead of coming in with design principles about these are the things that I know and the frameworks that I can apply, but I'm really going to listen to the needs of this individual company or this individual sales team and what they need and design a playbook that works for them. I think a lot of times I talk to CEOs that are saying, well, I did it at this company.
50:23Why doesn't it work here? And every company is different challenges. Everybody has different unique parts of their maturity journey. And like, you got to be really, really smart about solving the problems that that company has versus bringing your old playbook to the new company. What do you know now that you wish you'd known when you entered sales? Way, way back with Salesforce. It was funny. There was an exact at Salesforce that I think I thought I had to be something I wasn't because the Salesforce model was very, very uniform at the time. And he pulled me aside and just said, dude, be yourself.
50:54Like, don't get in your thoughts. Don't try to replicate what this person does. Don't be that personality. Like just be yourself, be authentically you. And that was the biggest unlock, I think, for my career of not everybody's the big performer, not everybody's the gurgarius relationship person, not everyone's the really data driven ROI specific detail oriented seller. And I think you have to play to your strengths rather than trying to be something you're not. Ben, what question did I not ask you that I should have asked? Well played, Eric. Well played. I've done 3000. You get relatively good at this.
51:27You've done 3000 by guess? Holy cow. I'm not that young anymore. I think you're pretty young, Miss, and the mile I've read. You look great. Thanks, Steve. You get Zoom filters work well. What is the secret to a happy marriage? Aptitude, attitude, and authenticity. Same. The biggest thing I would say at marriage is be authentically you and share exactly what your feelings are at? I think as I've gotten older, I've spent a lot more time investing in the marriage as much as I have in my career. How do you invest more in a marriage? Does I date night? What does that mean? Yeah, no, I think it, look, how many CROs I talk to, if they're CEO called, they immediately would be like, Harry, hang on one second, I gotta take this.
52:05If your wife calls, how many people do I know that do that? Very few. It's certain high -powered positions. So I think it's one thing of like, be honest with yourself of where your priorities are at and actually put the parameters in place to make sure your prioritizing your spouse, your kids, your partner, whatever it may be. And I think put the same effort into it. The same way where a lot of times, like, you know, you're on the road for two straight weeks, you get home Friday night. The first thing you want to do is have a glass of wine and just sink into the couch. You got to show up the same way you did for the client at 8 AM as you did for your kids at 6 PM.
52:33And I think that's probably a lesson that I've had in the last five years. It took me a long time to make sure that I was putting as much effort into my personal life as I was my professional life. That's hot. That's pretty hot. What's funny is I served my career in general electric and I remember we had a round table and it was the same thing back to the interview questions of like people asking questions like what's the biggest growth level for G .E. Capital and email there's 12 lists in the room stopping is like why is it one of you asked me like how often do I see my kids and he Goes candidly and this was kind of ways into your point He's like if you want my job I schedule time on outlook with my kids.
53:04I'm on a private jet. Yeah, it's awesome But I'm on a jet 272 days a year so you all want my job like that is the reality of what you had a face now That was circa early 2000s, like 90s. So I hope it's changed a little bit with the world of Zoom. And I do think like, look, the nice thing by being in sales is you do own more of your calendar. I am at home taking this call. I can hang out with my kids for 30 minutes at five to six o 'clock and jump back on later. So you have more flexibility in this day and age. But listen, I've loved doing this. Thank you so much for putting up with me and my wayward questions.
53:36But seriously, you've been fantastic. Harry, it was a pleasure. And I'm super happy that we had the time to do this. I just loved doing that show with Ben. I started these vertical shows because I wanted to give the most granular tactical advice to founders to really implement in your business. I think we did that with the framework illustrated today and you can watch the full episode on YouTube by searching for 20VC. That's 2 -0 VC. But before we leave you today, we need to talk about our sponsor for the day. Clary, Clary is an industry leading AI -powered revenue platform that is purpose -built to help companies optimize their end -to -end revenue process.
54:11With over $4 trillion in revenue under management, Clarice customers have a material advantage to optimize their enterprise revenue process across all teams from rep to the boardroom by leveraging the world's largest and fastest growing AI reservoir of enterprise revenue expertise. More than 1 ,500 organizations, including OCTA, Adobe, Workday, Zoom and Finastra, run revenue on Clarice to improve win rates, prevent slip deals, forecast with accuracy, and boost the productivity of all revenue critical employees. To learn more about how you can create, convert and close revenue with Clary, visit Clary .com.
54:47As always, I so appreciate all your support and stay tuned for an incredible 20VC episode coming this Monday with David Khan, partner at Sequoia.
From the publisher
Ben Fiechtner is Chief Revenue Officer at Clari, where he drives global go-to market & revenue operations. Ben previously served as SVP at UiPath, growing their key accounts and regulated industry verticals from $150m to $450m. Before UiPath, Ben was at Salesforce where he held multiple senior roles, achieving significant year-over-year growth and always on the bleeding edge of Vertical teams.
In Today's Episode with Ben Fiechtner We Discuss:
1. How to Close Deals Faster:
- What are the top 3 ways sales reps can increase urgency in a deal cycle?
- Should reps be discounting? If so, what level can be appropriate?
- What is the right way to ask prospects for their internal buy process? How do you know if you are dealing with a champion?
- What are the single biggest reasons that deals are delayed in closing?
2. SMB to Enterprise: How and When:
- When is the right time to move into the enterprise?
- What are the single biggest mistakes startups make when making the transition?
- How does Ben advise startups to do it but with minimal spend and investment?
3. Verticalisation: Why, When and How:
- Why is it important for founders to consider a verticalised sales strategy? What are the benefits?
- When is the right time to consider a verticalised approach?
- What is the right way to resource each sales team for a verticalised approach?
- What are the biggest mistakes companies make when verticalising sales teams?
4. How to Hire the Best Reps:
- What are the top signals that a candidate will make for an amazing sales rep?
- What question does Ben ask in every interview? What do the best answers have?
- What are the biggest mistakes founders make when hiring sales reps?
- How fast do you know when a hire is a good hire or not?




