Dive into the latest episode of the B2B Go to Market Leaders podcast, where Kathri Mariappan, the founder of Hippo Video, a B2B SaaS company. Kathri, with a rich background in engineering and over 16 years of experience in product management at Zoho, shares his entrepreneurial journey, highlighting the pivotal moments that shaped his approach to building and marketing products. This blog post delves into the key themes and insights from the episode, offering actionable advice for entrepreneurs and business leaders.

Kathri emphasizes that a go-to-market (GTM) strategy is much more than just sales and marketing. It begins where product development ends. Once a product is ready, the focus shifts to effectively communicating the problem it solves, the positioning message, and understanding the Ideal Customer Profile (ICP). These foundational elements are crucial for successful sales and marketing efforts.

Kathri’s journey with Hippo Video exemplifies the power of clarity, focus, and continuous learning to achieve business success.

Brought to you by: stratyve.com

Listen to the podcast here:

Narrow Your ICP for GTM Growth: Tactics with Hippo Video CEO Kathri Mariappan

Signature Question: How do you view and define Go To Market?

Yeah. so go to market. it’s not only sales and marketing to me. It starts where the product ends, right? So once the product is ready.

So how do you get to the market? How do you talk about what is the problem you’re trying to solve? How we are trying to solve. What is the positioning message? how we are building the ICP, understanding the ICP. Those are the key things that come before the sales and marketing. Right? So once you are fixing all of these, then the sales and marketing becomes much more focused and much easier. So I say the GTM starts from where the product ends.

Yeah. No, definitely. And it’s good you and important that it started with the ICP. What that pain point is because it’s an ocean in itself, right? And it’s an ongoing journey. ICP how you position, how you talk about that, Whether the message is resonating or not, the pricing, the offers, plus also the go-to-market aspects, which is okay now that you have a strong hypothesis on which segment and the persona and how are you going to structure the marketing motion? How are you going to structure the sales and customer success and so on?

Yes, yes, yes, it’s it’s very important to, actually fix those parts of it.

Then, I would call the bamboo shoots. Right. So there are the icebergs. So there are a lot of things inside. What you see outside is only sales and marketing. But there is a huge thing you need to fix for your team to be successful.

Yeah. For sure. I’m sure we’ll dive into a lot of these, sub-branches in our conversation going forward. So taking a big picture, just stepping, back a bit, why don’t you share with the listeners your career journey what really led you to start Hippo, and what you do today?

Yes. So, I’m an engineer by education, but, I’ve been a product builder all along in my career. I was with Zoho for more than 16 years, and my co-founders are also. So we were good friends at Zoho, working between 2000 and 2016, where I was building the HR suite of products. The Zoho People and the Zoho Recruit, kind of products took it to million-dollar revenues. And while my other two founders were primarily into, tech, then into product, one of them had some patents in, DB research, all of this.

So we came together and thought, okay, why can’t we start an organization where we felt the need for videos is the important aspect? So in 2016 itself, we felt, that videos are an important aspect of any communication or any engagement when it comes to business. So that’s where we started off with Hippo Video, primarily into LMS. Then we pivoted into marketing. Now we are focusing more on sales and marketing together. As an AI, we have reinvented ourselves this year. And the uptick is really good. So it’s been a very long journey. but a roller coaster, one, of course, in entrepreneurship was that. Yeah. And, we have been enjoying this journey for quite a long.

Very cool. you did mention, I mean, we’ll definitely deep dive into Hippo and what you do and who you sell to and all those. But before that, you said you spent a lot of time at Zoho, and you started your career as an engineer. So talk to us about that transition from engineering to product management.

Yeah. so I started off as an engineer, but by, I would say cross as what you call, sheer, coincidence, I went into pre-sales engineering, so I was building some POCs for, bigger customers to help them understand how, the product, that we were trying to sell could meet their needs. So that is where I was introduced to this product concept, right? how do you solutions for your customers? Before that, it was only engineering, right? You understand only the code. That is some, prod given. You just work with it. But that pre-sales engineering actually gave me that exposure into how do you solution for your customer. So you have some vanilla products. How do you solve it for the customer’s pain? Solve it. really? Well. So that gave me a lot of, enthusiasm. That product is the way forward. Then I moved into training, where I saw that.

I mean, that was a very important point that you hit over there. So you said you were in engineering, but then you transitioned into pre-sales, and that’s where you got the whole product concept and how to solve and structure it.

Right. But what led you to a pre-sales? Was it like a natural, hey, no one is doing this job at Zoho? That’s where I have to do it. Or what led you to that transition?

Okay. that’s why I said, coincidence or like, my boss Girish, was, founder of FreshBooks, was, asked to form a team on the pre-sales because that was a new team that we, he brought out. So we were my other co-founder, myself, and a couple of other people were picked from different teams to join that team, given the different backgrounds within AD. And then it was called. So that’s how we were picked and, brought into that team. So that’s how the journey started.

Cool. Yeah. That’s good. So you were picked by the founder to be part of the pre-sales, and that’s when you went into the whole sales discovery. The POCs paid pilots and eventually. Yes, getting into the Negotiation and sales office.

Yes yes yes yes, that’s how it all started.

But it’s been a very good journey. because, I would say anyone, at Zoho, via, they have a culture where any new engineer also joins. They will be put into the support team, basically to understand what the customer is asking, and what the prospect is asking. So it’s kind of outside in. So you have to get it. So we were primarily focused on the outside aspect of it. Right? The POC is the quick pivot finding the quicker value and giving feedback to the product team. It was a very good one and a half years. they are building those quick POC demos. So it gave me a lot of ground to learn.

Yeah. And then it sounds like it was actually a natural transition for you because in pre-sales you are giving feedback to the product and then it was a natural transition progression to hey, why don’t I become the product manager? Why? And shaping the requirements for the roadmap and things like that. Is that how it went? Right?

So in between I had a very good stint in training.

So I was, in the pre-sales, kind of a bridge between the product and listening, to customers. But in training, I was, asked to train the customers, also asking them what the product is, how they can. So that also brought me good exposure to that thinking as well. So it was previously how do I, stitch my product for that solution? Now, when I started training, they asked a lot of questions, and all of these, started making me think how a solution should be built itself. So that transition was very important, I would say.

So can you give an example? I mean, you bring it up intuitively, I get it, even the listeners would get it. But just give an example. So when you were doing training and when the customers were asking about a specific problem or a feature in Zoho CRM, that led you to how to build and prioritize a feature and how to message a message. Also, can you give a concrete example? So so it.

Was it the pre-era of CRM? We had a product called a webinar. So that is where I was doing the training. So it’s it’s an API product you may call it but it has a lot of endpoints where you can plug in, and make it work in the telecom world. So when we were actually meeting the customers, we really understood how the stack is there, how they are actually solving their end-user problems, and how our product is going to enable them and seamlessly provide those solutions. 

That understanding is what we were missing kind of domain knowledge back into the system. We were building it as a stack, but there is always this connection to the end customer, right? Not our immediate customer, but the end consumer. So that point of view actually brought in a lot of feedback into the system. How, say, performance metrics should be built as an important aspect because that is where the lag is going to happen. So a lot of feedback, we were able to give it back to the product teams.

Understood. Got it. So as you’re doing training, that leads you to your next role, which is product management.

Yes. Yes.

Got it. And then somehow, magically. Yeah. Do you want to share something about that? Product management.

So the product management aspect of it, that’s when the Zoho started, was started. So, so we, I was part of a development management team as well. and then I was moved into the Zoho, fold, which was actually formed then. So there, they asked us to build different things, and understand What are the different problems in the market. How do you solve it from a Zoho SaaS perspective? So I picked the promise as one of the solutions we should go after, and it was very interesting to learn through that process right from scratch. How do you build a thesis? How do you build? This is how you want to solve the problem. Of course, there were a lot of iterations. We never had the first step.

Right? but it gave us a lot of understanding of how to do discovery, how to do customer calls, and how to understand their pain. going to a lot of conferences, learning it from there. So that was a huge, journey of building it from scratch. Right? I was not from a background. Right. So, how do you understand what is what are the key things you should do? Once we entered in, I understood it was not a simple lake or something. It’s a huge, huge ocean in itself. Right. So that’s a huge learning.

Yeah. So whose decision was it? Or the business case or the champion behind pursuing HMMs in the first place? Was it you or Girish or a combination of the leadership team?

So it’s a combination of the leadership team. And one thing at Zoho is you will always be given a free hand to understand the market from a very different perspective. So the recruitment part was one thing I believe we should build. So I brought in that, case study to the management, and they were really interested to see how this could solve it alongside, the people, what we call the head terms.

So that was not a mandate from the management. But once you started talking to people, you understood there is an adjacent problem that needs to be solved, which is recruitment. So that’s how I started building the Zoho Recruit as well.

So I’m trying to connect the dots here. So Zoho is primarily CRM. And then what led you to that edge and problems around recruitment and HMMs? I’m trying to connect the dots.

Okay, so Zoho has around 40 different products for the business. So CRM is one of it. Yeah. So that is an office suite that is a financial suite. Then that is this entire suite. So all that started at the same time, and Zoho CRM is our flagship product.

Got it. So it’s almost like an ERP.

Yeah, exactly. Exactly. For the small and medium business. Correct.

Got it. So end to end for all the different functionality users.

Yeah, exactly.

So HR, finance, sales, marketing, yes.

Everything campaigns, everything was there.

And you had the no code, low code, everything put together. It was there. And now they are selling it as one single package called Zoho One if I’m right. Previously we were selling it as different products for the same customers or different customers, but now they have kind of merged it all together.

Okay, so that was a good education for me or course correction for me into understanding Zoho and Pigeon Hole into only a CRM versus an ERP. Yeah. So you identified the adjacent problem, which is a recruiting economist. So how did it go about the discovery and the thesis?

Yeah. so it was more of, okay, a couple of calls when we went to the mass, etc.. There were a couple of customers from the staffing industry. So they were trying to do workforce management of their remote employees then, okay. Because people would have been deployed to different customers. They wanted to track it. And so one of them was.

This time frame.

Know that, what I’m talking about is the 2007 eight time period.

Oh, wow.

Okay. Way before. Yeah.

Way before. Way before. So there we were talking. So they came up with the problem of, more attrition, more people to be hired, but they were finding it very tough and how they are trying to solve it now with spreadsheets, all of these things. That’s when I went and understood the recruitment market. There was a biggie called Bullhorn. Even now, it’s there. So we understood what they are trying to build for the enterprises, and how it can be scaled down for the SMBs and the middle market. what are the key things we need to do? So it was an iterative process. Build it along with the customer. That’s what we started off with.

Understood. Then, there is the 0 to 1 journey for HMMs. How long did it take, like from idea conception to customer discovery to beta to actual pipeline and then revenue?

So I would say, the product building itself was around 18 months. Then we had a good long journey to build it together into the 0 to 1 journey.

Yeah. So it was like two and a half to three years.

Totally got it. And what was the run rate when you left Zoho?

So that’s a private organization. I’m not supposed to disclose that, but. But it was multi-million dollar.

Okay. Fair enough. So that’s where now extending and extrapolating. So that gave you the confidence to run and become a founder. Is that yes? Yes yes okay. Yeah. So the transition is about to Hippo.

Yeah.

Yeah. So

At Zoho when we, when I was building the site and the recruitment product, one key, another adjacent problem we saw everywhere is the onboarding. Like, you have the recruitment, then you have the autonomous to manage the talent, all of these skills, etc.. But there is a there was a bigger gap of onboarding the employee into the system, training them, skilling them to the needs. Right. That was a gap. So that gap when only we were discussing. So that’s where we started a hippo.

With the videos and centerpiece. We always believe training is an important aspect where video could play and very, very important engagement role. So we started off with the video as the centerpiece for the elements, and we started building around it. so that’s where this whole journey started off. We started off as an LMS, and we built it for one and a half years with quizzing products, tooling, surveys. All of these together on the videos was a new thing. We started building that.

Yeah, actually, we are going a bit too fast. There are a lot of important nuances around the emotional journey because as an employee, you are pretty much quote-unquote in a comfort zone. But then what is that moment like when you decided to pursue a founder path? What are the struggles and how did you convince yourself and your family to do that?

So, entrepreneurship was always a dream for us. Anyone? the three founders, how we want to do it one day, we need to do it.

So that was there, but it was on the back of the mind, etc.. Yeah, a couple of triggers happened. One of the important triggers was, of course, fresh work, starting, starting fresh ones, and doing well. So it was a good inspiration for us. Then we had charge be coming out and doing so. That gave us confidence. You could also come out and build. So that was the inspiration aspect of it. And as for and.

This was during the time frame of build in India, but sell to the world. That was all the movement that was going on. Yes.

Yeah. 2015 and 2015 is. Yeah. 14 and 15 where we were discussing all of these. So that is where we felt, okay, we, we, we can build the confidence by these inspiration. What to build was okay. Extending my autonomous journey. In the recruitment journey, we found that is a path we can pick it up. But the convincing part it involved like we were in the midlife, right? So I was 40 then, so I had two kids.

So how do you manage your children’s education, their future. So there was a lot of convincing to do within the family to help them understand this could be a better angle towards it, where the passion meets the economy. Economical value adds that. Yeah, so that took some time. Help them understand how other people are doing it, how we can safeguard ourselves. that was the most important part, I would say, for any entrepreneur to take care like I have a two year to three year, independence. I would say so that their family does not depend on you for that 2 to 3 years. So if we could build that, then that becomes a, peace of mind for you to run into this entrepreneurship journey.

Fair enough. And then how was the fundraising journey like for you?

So it was really tough then. Okay. in fact, we were rejected by a lot of, x when we went ahead with the Ms., thesis because that time, unfortunately, elements were all failing. The education market was failing in 20 1415.

Yeah. So there were not bigger takers. So what we did was we spawned a smaller product out of that with video alone as the key aspect, not just focused on autonomous or, learning management, but a vanilla video product that can do anything for anyone. with respect to video creation. So, thanks to my guidance from my, on a mentor as well. So we were confident. Okay, let’s launch that in product and see what what is uptake? So once we did that, we found that, videos could be a larger part of it and horizontal platform rather than an vertical focused one. And that opened doors for, funding, I should say.

And how long was this iteration in the pivot? I mean, these are like massive pivots. I mean, massive in the sense you are still a small team so you can afford to do all these things. Was it like across like a couple of months, weeks.

So we worked in 2016 and we launched this pivot in 2017 or so.

So it was like 12 to 14 months. So we built the LMS for the first nine months. Then we launched it took some initial traction like around 11 to 12 months, then two months. We did this pivot, I would say.

Understood. Did you raise angel funding by then or it was just.

No, no, it was it was bootstrapped then. Yeah. Once we launched this vanilla video product. Then only we went for funding.

Understood. Okay. And did you have customers by then? Paying customers?

We had our small SMEs from, very different parts of the world. Yes, we did have, but they were paying very smaller amount because, that video product was kind of, a record yourself. They called the screens, played back, send it across emails. Those were the use cases. We were, focused, attacking them. So. Okay.

So similar to what? Lume. I mean, Lume became famous around that.

Lume. Yeah. Lume came at that same time period, and we were chugging along with them, for the initial, 8 to 9 months.

But they took the free route, we went the, payment or into the SMEs. So that was the divergence, I would say. They were like a free product for the first three years or so. Right? Yeah.

Cool. And so now we are in the time frame of what, 2017, 18? 19?

Yes. The 18 and 19, I would say.

Okay. And, yeah, yeah. Talk to us about the journey of Hippo and. Yeah, fundraising is everything.

Yes. So once we started, building this as a vanilla horizontal product, one natural, distraction was too many feature requests, too many ISPs coming into the system, like, there was education, there were marketing, there were salespeople, there were, support people. there were, freelancers. YouTubers. Yeah, a lot of them were using our product like, we had around, 1 million or 1.5 million downloads of our extension itself in that period.

And how do we get the word out? I mean, that’s a big number.

So Chrome extension, the Chrome extension helped us, become a very good distribution channel.

Understood. Okay.

So it was it was, that period where Chrome extension became an important aspect of any B2B system or B2B ecosystem. So that became a very good distribution channel. We had like around 1000, 2500 signups per day itself, but for our product.

But how did users learn about the existence of Hippo? I mean, yes, so good to have a Chrome.

I would, I would attribute all to the chrome and some part of SEO, but Chrome extension. we did a very good SEO approach there for the screen recorder, for the webcam recorder. All of this album was there. So we were there and we was there. So we three were actually vying for the top spot there. Got it. So so one week we’ll be there, one week will be there. So it was kind of running around. But that game is a lot of traffic.

Understood. Yeah. So having a Chrome extension plugin helped build that.

I mean it was an inbuilt organic distribution channel for you guys.

Yes, yes. And naturally it brought in its own distractions. Right. So we had lot many feature requests somewhere asking for education. So we built something for Chromebooks. We built a integration into their Google schools or something. We started building that. Then there were something, hey, how do I bring in my hosting all of these other things for the marketing? So we started building the player. So it was distraction. Of course, I should say that one one and half years, we were busy, building so many things. Right. But it did not turn out into revenue because we were spread across.

Was it intentional? I mean, I say intentional was because you were at a seed funded, seed funding stage around that time. And your primary goal, if I were to guess, would have been traction usage versus revenue.

Yeah. Yeah. So, even in that. Right, we should have focused. So, in hindsight looking back, we should have focused on one particular market.

We should not have a very diverse, feature set. loon did a good job there. The focus immediately went into B2B, but B2C can use it. But they were not building anything for the B2C world, right? But we were across education, B2C, and B2B. So that kind of, made us busy. We were building a lot of things, but we were not able to convert that into revenue. So that was a bigger, lag there. So in 2019 or so, we started understanding, you know, this is not the way forward. We should focus on one particular segment of it, be it marketing or sales into the B2B. so that’s where we started shifting ourselves towards something called ICP. We never understood that as an ICP. We believe we should focus on one particular segment. So that was the shift. We did it in 2019 when we kind of moved only into sales and marketing and left the other things for just free. We will not build anything. So that was a hard learning, I should say.

Understood. So I’m more out of curiosity. I would assume at that stage you’d have a set of advisors and your investors being a sounding board. So was that an appropriate channel? Was it helpful or did you get the feedback from them, but then you decided not to go down that path? What was that conflict or dynamic like?

So the conflict was of course alone. Okay, so Loop was the free version of it, but we had a paid version, so we had a lot of discussions to understand whether we should stay free. Yeah. Or move for revenue. so that was a very hard discussion we had and, in hindsight, we should have remained free because we were at 300, 400 K downloads. They were at like 700 K, 800 K downloads. Then now they are at 20 million, right? So that’s how they have grown. But we took a pivot there. We said no we will focus on revenue. So that I think now yes we could have made a different decision. But it is what it is.

Right that point of time, we decide, how do you scale? So we one important thing, right. one biggest learning there was Lumos confidently going into the free. Okay. We were wondering what was their end point. We we were never told about this traction story. You can build it later. That kind of story was never there in the Indian market then. marketing. So had we known about it, there is a path towards it where you can monetize a little later based on adoption and understanding. Yeah. Like what we did. we could have gone that path. But all we were taught is like we should go the revenue path, be SMB or mid-market, start making some revenue. That’s what we were learning in the Indian market. Right. Got it. So that that exposure to the new terms, new way of business models was not available to us. So the aware about business models was a clean, lag we had, I would say wonderful.

Actually, that’s a good transition into the next segment.

We’re already talking about that, right? Clearly, you’re seeing a lot of ups and downs throughout your go-to-market journey, and you’ve already shared a lot of nuggets. But if you were to pick a story, a deep dive into both a success story and a failure story. Let’s say, I’ll leave it to you whether you want to start with a failure story or a success story. But let’s deep dive into one scenario now.

Yeah, I’ll continue with this failure story of this business model. Right? Yeah. So that brought in a lot of, would you say, financial stress within the organization we had to build at the same time the revenues were what we are getting were meager. So that decision of GTM was a big failure on our part, I should say. And in fact, we had one person, in our team who was very prominent, about whom we said we should go ahead with that, but we were not able to hear to that because we we could not envision how that business model is going to make money later.

Yeah.

Yeah.

Okay. So business model is a key aspect of GTM, right? That’s where you align yourself with how you want to do it. Yeah. Right. So we took the other business model. So that actually struck us badly because of Lumos scaling. But we were kind of stuck there. We dropped all the other aspects of it. And we started focusing on, the sales and marketing aspect of it. that brought in a huge gap in how Lume became the B2B. So even lumens become a verb there right now. Correct. So, we were actually, and hand with them, but somewhere we felt, no, we should not go that way. So. Right. I would say that was a big mistake as far as the business model is concerned because that would have driven us into a very different GTM model. Right. how do you work on, the free networking effect? They were very good at networking effects. Yeah. So they had like, after you record five videos, you have to bring in someone to record the sixth video.

They had a lot of networking effects built into it. We thought, okay, that’s not the way to do it. So the business model determines how you want to do the GTM. Yeah. So that was a big failure as far as the success is concerned. Again, I would pick the same, story that I left, right, right where we pivoted into sales and marketing. We started focusing more and more on sales, and dropped the marketing. So that focus of ICP gave us that, good uptick when the, Covid hit. So that two, two and a half years were a good journey for us, where we were able to double down ourselves into the sales, the sales, ICP, especially the SDR and the EAS. So that brought us a lot of focus for us on what we want to build inside the product that reflected on our GTM, that reflected on our GTM notion of SEO, or how you want to onboard your influencers. So that actually channeled all our energy towards one single.

Yeah.

So how.

Did you it had to?

You raise a very important point. I mean, people keep talking about all the accomplished founders and business builders. They always say to start with a niche because riches are in the niches. And narrow your ICP. Go down narrow first, but too narrow. You need to go broad because you don’t know which of your ISPs and which of your offers will find traction. You don’t know that part. So how did you narrow it down to sales? I mean, what led you to narrow it down to sales? Like what is that thought process like?

Yeah. So there were two important things I would say. Right. so when you said you ought to go broader to become narrow, right? So that is a boon and a bane, I would say, for a horizontal product like us, say, if you have picked a very vertical focus product, then you know what you want to build from day one. Yeah, but you know, you are very horizontal in nature.

You have to try 3 or 4 things parallel. Should I build it for marketing? Should I build it for sales or within sales itself? Should it be for a software-oriented industry or any other industry? So that kind of becomes a bane in what to build, and how to iterate quickly. Bonus you had multiple options, right? You could survive if one market fails the other market. So that is the boon part of it. That’s all we have been surveying for eight years, right? Yes. So it’s a boon and a bane. that so you ought to be very careful when you are building horizontal product. I would say even then you have to pick a niche quickly. So that part we lagged hugely. He took it took like three years to settle down into sales. Right. So that’s a huge lag there. So that’s a key takeaway for me, as an entrepreneur. And I believe that should be passed on to the other people who believe we should be very arrogant in nature. No, don’t go for it.

It could be harassment later. But pick a niche, build it, then prove revenue. Then whatever. Financing. If you want financing or bootstrap whatever you are, then you can expand into other areas. Right. So so that’s a good learning there. Now how did we settle on sales? It was a very interesting thing. It was purely based on data. So we as I said right. We had 800 signups per day or 1500 signups on the weekdays, all of these. So we started digging into the data, how people are using it, and who are they. 

Can we identify them? We do not have tools like Clearbit, etc. then. So we did our own research. We took the data. We went and understood, some calls when somebody asked for customer support, we go on a call, understood what kind of videos they were recording. Why are they recording? Yeah. One interesting thing that came up was Doctor Outreach. 

So that’s where we kind of double down into that particular niche of serving the market for the IT and the internet software companies.

And this also coincided with Covid around that. Yes. Yeah.

So we launched our sales product on 20 19th November in Salesforce. Dreamforce.

Yeah.

Yeah. And then five months of COVID hit April. So we doubled down on that.

Understood. So 2020 through for the next one, 2 or 3 years.

I would say two and a half years. Yeah. Two. And I would say it was a good journey. But 23 of course, you know, all the financing dropped off the market had a big hit. Even now, it has not come up with the orders coming in. So that transition was a different story. I’ll come back to you later. But these two years, it was a very good journey because once we picked the ICP, we understood how to reach out to them, what content to write, and how to onboard influencers. Influencers played an important role in our initial uptake into that journey, because we had a video as a biggie there, so it had a lot of integrations, all of this, so we had to crack through that.

So initially once we fixed the ECP, it became very laser-focused for us to build that quick GTM motion, be it building round tables or etc. It was it was clearly laid out. Of course, there were multiple experiments within that. GTM how do you want to go a mid-market or above mid-market or SMB? Those were the journeys we had. We had some experience. But within that segment, within that, ICP understood.

And then so you’re focusing on SDR and ESE as your ICP, and then you’re constantly getting data as to, okay, which geographies, which industries, whether small, medium or mid-market was enterprise. And so eventually, I mean big takeaways. And this is what I want to reinforce to the listeners as well. Right? When we talk about go to market. Even when we started this recording, we always said go to market is constantly evolving. That’s number one. It’s a living entity and it goes back to ICP. And even knowing your ICP is a constant journey.

You also brought up an important point, which is once you nail your ICP and your focus that will determine and drive your content, your overall go-to-market, your different channels like the influencers that you mentioned, and even your pricing.

Yes, yes, it made a lot of difference for us. It brought in a lot of clarity from top to bottom. The previous 1 or 2 years, we were kind of always in flux. That actually plays a very detrimental role for the organization itself. But the clarity brings in a lot of motion, a lot of, momentum. So I would say focus on that. ICP will bring in a lot of clarity downstream, even to the product. So I would say that’s the key aspect of it. You fix on one ICP, it may fail or it may win, but at least you know the clarity. Then you can decide. You can have some set milestones, then you can switch to the other ICP. If this is not working, fixing one ICP is the best way forward.

Yeah, and what are the typical use cases? And when SDR, an alias, used Hippo like was it pre-sales for sales?

So it was kind of the cold. Outreach is the important use case people were using it for. And photo ops got it for the outreach, bringing them to meetings. All of this and the EAS were using it more of like, a bottom-of-the-funnel engagement of sharing documents, shouting demos, all of these. So a year where kind of cold outreach follow-ups, all of these. They were using it. And the key is they’re using it in the bottom of the funnel of sending out contact documents as a video or, sending demos, all of these custom demos. All of these, they were doing it.

Got it. So what what were your ISPs like? The stress and ease. Why did they love your product versus alternatives like Loom and Vineyard?

Yeah. So, there are a couple of interesting things, right? And the ICB also it also includes industry, right?

At one point in time when we took the data, there were a total of 120 industries that were using out. Right. There were product companies that were in our industry. There were thousands of them using it. There were hundreds. There were even tens. But you had like 120 industries. So we had to narrow it down to the top 2 or 3. And typically it was professional services and internet software companies all of these. So we kind of focused on that and the insurance or the financial segment alone. So once we decided on that, then we took the customer journey with them. Understood what they were trying to achieve with it. So one example, I would say the sales page, as we call it, the videos earlier. All right. Even everyone, including Zoom. Everyone. we used to send the video, on a page with nothing there. So we call it the video page. But once we started talking to the SDR, everything, the video page was a segue from the email to some page.

Right. And people don’t come back. So they have to stay there. They have to watch under it. So that became a good canvas for them to be branded, and sell whatever other things they need to send collateral. So that brought in a huge approach. So in fact, we were the first or second to build those sales pages in the video market itself. Nice. So everybody followed that. So that was a good learning. So once we built that it became a sticky point for the end customers. Right. So they can learn everything about that outreach from there. So yeah they don’t have to go back to the email. There were a lot of drops. When people switch back to emails they don’t switch. Right. So those were our learnings. So this ICP brought in that confidence to dig deeper into their workflows rather than not stick at the top of the workflow load. Can you build it across their engagement points? Yeah. So we built in LinkedIn web ground sorry web backgrounds.

All of these came because when we were talking to them these were the pain points. This is what I first do. This is what I can do. So can I build the video journey through their workflows itself? Right. And we integrate it into HubSpot Salesforce outreach so people can create videos from there. So we were again the first of it. We did deeper integration. So that’s why I said that brought out a lot of clarity for us.

Yeah, yeah.

You also bring up another important point, which is the whole I mean, it doesn’t depend if you, I mean, it doesn’t really matter if you want to call it a job to be done framework or whatever you want to call it. But at the end of the day, for this SDR a, in the different day-to-day tasks, which of those are you really simplifying or adding value?

Yes, yes. So one key thing I would like to bring in as an anecdote, not as a GTM, is understanding these frameworks would have always been helpful to us.

So we were doing it and then learning how this is what they call it. Yeah, but it should have been the other way around. I felt so right. So we should know what is gdb we should know what is GTM perspective of what is upstream and downstream. So those kinds of things we were kind of doing a trial and error versus understanding that this is how you should do things, right? So. So, that that yeah, that’s a hard learning we had. Yeah.

And of course, and of course, I mean, for mature organizations, they do these quarterly or annual workshops, our, off-sites. And that’s where a lot of these things, they bring in consultants like me, like for example, I am going to help like an enterprise level, a company in early, like next year, like in February, March timeframe to help them plan their 2025 growth motion. Right. And that’s where I’m going to bring in and educate them around. These are different best practices. These are different frameworks.

And the output of that would be the blueprint they’ll go and execute for the next 3 or 4 quarters.

Yes.

So that is the big missing point I would say. So we were never there about the challenger model. Mid-pack model. Those were all hindsight when we started doing them, we understood these are the things we should look at. Then fine-tune it. Actually, we should have adopted it earlier. Yeah, of course, they are not perfect, but at least it gives you a guideline, right? How to do it structurally correct. We were not very structured. So that was a bigger lag there.

Understood. So how is Hippo and where are you guys right now? I mean looks like you are in another iteration of your go-to-market journey so you can spend a couple of minutes just talking about that.

Yes.

So, one important aspect we found in the 22 and 23 journey was adoption. So though we were the best-fit product for that ICP, the adoption rate was less than 50%.

Assume an edge. A team of 100 have bought our product. Less than 4050 people only were using the product. So people were still really, camera shy or they did not have the time, or it took longer time for them to be perfect on the video and send it across. It became a very big adoption problem. So we brought in templates. We brought in some lip sync AI in 2022 itself. We brought in that are trying to solve this problem. So all of this where they’re trying to connect that need. But the boom of AI, clearly, helped us overcome this barrier to the creation of videos. so that was a re-inventing part for us. So we had the downstream of it hosting, personalization, and interactivity. The creation was always, hit or miss. We created templates. We had some, smaller lip sync models, but all of these, it was not making a cut. But with the Genii now we have brought in text to video. We have brought in avatars. Your custom avatars.

We are the only ones we have, walking, talking avatars, moving authors. So that brought in a huge, transition on how we perceived this video adoption itself. So this year, we kind of reinvented ourselves as an AI video platform, focusing on creation, hosting, and personalization as a holistic platform. And we are solving it. And here again, that’s a good learning where we found the physical world companies. 

I would say the companies that sell physical products or services were quick to adopt this AI, along with the delivery models and the personalization, like your hospitality, which includes your travel, your restaurants, and your hotels. then you had automotive, manufacturing, and real estate. All of these are our core ISPs. Now, we do have the software companies use our product, in that, what do you call the SDR motion, etc? But these companies are lapping it up. like anything for us. and say, hey, this is solving my biggest problem of showcasing my physical product, physical services. So that’s a good journey.

And it’s a good reinvention. We have done.

So. So talk to us about one use case or one example of like you mentioned hospitality industry. So how are they using your newest incarnation of the Hippo AI product?

Yeah.

So again it’s a learning right. it’s a wonderful learning. We had a couple of, hospitality companies who manage like 8000 hotels, use our product again in that cold outreach. But when we went on a call, there was one interesting, nugget they left. What was? It was 50% of, bigger hotels comes, revenue comes from, what do they call it as mice, meeting, convention events, basically group bookings, right, for conferences, etc.. Yeah. In that sales cycle is where they were trying to include videos like putting the GM space and sending an invite, mail, etc. but a couple of things they were struggling with one, the virtual tours of their hotels, which is an important aspect in any meeting booking event. And the proposals were these. And so those two came to us saying, hey, these are key, pain points.

We are now stuck with text or PDFs etc. Yeah. And they were not engaging. They were very cumbersome to create. So we have now automated all of those into videos. So all your virtual tools are very automated. Now you have ten meeting rooms. Now this particular group wants typical types of meeting rooms then creating virtual tours about those meeting rooms and that just in facilities were done in minutes now. Yeah. So that was one bigger use case. We call it mice and Smurf in the hospitality industry. That is their core focus area, the B2B. Then you have the B2C like welcoming videos, talking about the things to do in that particular place once you go to that, city. So those kind of things also, we do it on the B2C. So these two are the important aspects of hospitality.

Very interesting. Yeah. I’m eager to see how this journey plays out and bring you and the team more success for sure in the very near future. Yeah. Yes. So being respectful and mindful of the time, we are now entering the last phase of this conversation and it’s hard to believe that it’s been almost 15 minutes.

Yeah.

Time just flew.

Yes.

So yes it was good.

Discussing it is always a good sign. so going back again, big picture who are like the couple of people who played an influential role in your career and mentoring.

Of course. the biggest mentors, the Zoe entity as such. Yeah, right. There are multiple people there who, have already kind of molded us, into who we are. And of course, my mentor. so and then you have other peers and friends, right? The peer community. So I would say the SAS Boomi community is a good, learning ground that they were able to understand, like whatever I told. Right. The frameworks I did not learn through all of this. I learned it from them. So there were a lot of sessions going on. So that became and we had a surge, which was Sequoia, the community. So those things so I would say the founder community is a good learning ground.

Very good.

And then if you were to turn back the clock and go back in time, what advice would you give to your younger self on day one of your go-to-market journey?

I would say foremost fix the ICP, fix the positioning.

What do you want to solve it? That’s a yeah.

Yeah for sure. And that’s a good way to end. I would add one more thing, which is to always keep in mind and be aware that go to market is a constantly evolving journey. I mean, it’s never fixed, never perfect. Even though you said fix, you go with that and then constantly.

You can iterate later, you can iterate later. Don’t go without anything like who you want to solve, what problem you want to solve, how much they’re going to pay, how long they are going to use it, and what is the stickiness of the product. If you don’t understand a particular niche, then you are lost. You may fail in your first attempt, but it gives you a sense of accomplishment saying these are the things I should correct when you actually take the next ICP. But without that ICP you are spread across. So absolutely I would.

Want to know how a Customer-Centric Approach Transform Your Go-to-Market Strategy?

Dive into the latest episode of the B2B Go to Market Leaders podcast, where Vijay converses with Ryan Vong, a seasoned expert in marketing operations and entrepreneurship. Ryan shares his extensive experience, from founding Digital Pi to his current venture, Helix, and offers valuable insights into the intricacies of go-to-market (GTM) strategies. This blog post will break down the key themes and actionable advice from the episode, providing a comprehensive guide for listeners and readers looking to enhance their GTM efforts.

Key Takeaways:

  • The Role of Revenue Operations (RevOps): Ryan describes RevOps as a crucial element for removing roadblocks to revenue, facilitating alignment among sales, marketing, and customer success teams. 
  • GTM Holistic Approach: GTM strategies are not just about marketing; they involve a coordinated effort across multiple departments.
  • Four Ps of Marketing: Always consider product, place, price, and promotion in your GTM plans.

This episode of the B2B Go-To-Market Leaders podcast provides valuable insights into the complexities of GTM strategies, the significance of clean customer data, and the entrepreneurial spirit that drives innovation in the B2B space. Ryan Vong’s experiences and lessons learned offer actionable takeaways for listeners looking to enhance their own GTM efforts.

Listen to the podcast here:

The Role of RevOps Data in Go-to-Market Success with Ryan Vong (Two-times Founder)

The most important thing when and how I start every podcast is with this question, which is how do you view and define go to market?

Okay, okay. You’re starting with a very broad, you know, a very broad question. Yes. but I’ll keep it concise and I can probably pontificate a little bit longer, but really, to me, go to market is the strategy and the tactical plans to bring a product or service to the market. So it is by definition really simple. And yet there are many, many pieces to it. you know, it can include, you know, I think back in, in the, you know, I’m a marketing person.

So I think back to when we were learning the four PS of marketing. Right. It’s essentially that in a different formulaic way, right? You still have the old product place, price, and promotion ideas, but Go to Market encapsulates the tactical plans of doing that. And it could include working across many more domains that we didn’t have. Like, you know, how do you support the product later? How do you know, what are what are the things that you work with finance or ops on and things that are sort of cross-departments?

Right. No, totally. I like the way you framed it. it’s funny, right? I mean, there are frameworks that are out there that have been tried and tested, and it still holds true to this day over decades, which is the four-piece. And, it’s clear that the key that I believe in, and what it should always start with is the person, but more so the problem set associated with the person. Right? As a marketing leader, I can have multiple problem sets.

I can have a problem set around ops. I can have a problem set around product marketing. I can have a problem set around, content marketing. I mean, you get the picture.

Yes, yes.

So yeah. So definitely the person and the problem associated with it and something else that I’ve noticed, I’m sure you must have seen this, which is the person and problem set will vary depending on the confines of the company and the market. And that’s where the whole ICP comes into play. Yeah.

And I think even within your own competitive environment, even if you have two companies doing the same thing. Yeah. Or selling to the same folks. Yeah. The constraints within the organization are different. So you can go to market motions and different your relationships with your suppliers, and channel partners, they’re all different. Right. Because it’s not the same company. And those constraints really, you know, when it comes down to go to market, you have to think through, you know, strategically and tactically how do I execute this.

Yeah. And those constraints change the narrative for both companies, even if they essentially sell to the same audience.

Yeah, completely. I mean, in my own personal journey over the last decade, if even if I just scope it down to the last decade, my understanding of go to market has evolved greatly. So as an example, as a product marketer, my view of go to market back in those days was around, hey, I need to take a product to market, which is just the launch and launch checklist. That is very nice. Now that I look back. In my understanding, back then it was a very naive understanding. What is now encompasses a lot more. It goes way beyond launch. It starts where before the idea conception stage. It involves different functions including marketing, product, customer services, and sales of course. Right. And it always keeps changing.

Yeah. I mean I think about just what you described there, right? If we think about just launch activities, what’s post-launch, you know, customer success was not a was not a thing you thought about back then.

When you’re thinking about launching anything, it’s but now it’s a really big component on how you support your customers post-launch. So the go-to-market strategies are, you know, they are the sort of the consistent refinement of those things all the time. and I think it’s that’s why so much focus has been put on there. And there are, you know, within the go-to-market, you know, there are so many different groups and functions that need to be part of it. Yeah. so it is definitely it’s funny how it’s these, it’s just go to market, but there’s so much to that. And that’s what I find very interesting.

Yeah. Very cool. All right. Now let’s take a step back over to your career journey. So if you can share with our listeners your career journey and what led you to what you’re doing today.

Sure, sure. Now, like like I started with the the background, but funny enough, like, I actually originally thought I was going to be an engineer, and so I thought that was the thing.

But I really got involved in marketing early on. we’re talking 98 around that time frame. So when, when a small little company like Google was first launched and you still had Yahoo, it was the big player. You had all those things. I started getting involved really in search marketing and that was the a big, you know, thing back then. and, you know, that led to a whole lot of interactive digital marketing and led into, you know, quite a few functions in marketing. 

And then in the last ten years, I have been spending a lot of time around marketing, operations, revenue, operations, growth marketing, like around those functions. Because I started a company ten years ago called Digital Pi that, focuses solely on the Adobe ecosystem. We did marketing automation consulting, and, you know, where we were, what the kind of work we did was really in the nexus of all of these things. So all the tools, the systems, you know, all the marketing plans. They all come together for like some level of tactical execution and activation of these plants.

Right. The products, the tools, and the service we provided enabled that because all the best plans can’t do anything, you can’t do anything with it unless you have a way to distribute and reach the customer. So, you know, the last ten years were focused solely on that. I had a really successful, exit out of that. And we were acquired by Markel, which was a Dentsu agency.  You know, and really, in that period of time when I was there, it really allowed me to even, you know, really focus on, like, the entire go-to-market because some of the, you know, the, the, the, the clients we had were much larger. they had much more sophisticated, things going on. 

Some healthcare companies had hundreds of products that had a market, and there were a lot of things that just, you know, opened up my eyes to how difficult this problem can be. And yet, you know, it really helped help with the appreciation of the different emotions that are involved in getting something out to a market.

Yeah. Totally cool. I know you had a good exit with Digital Pi. Congratulations to you and the team on that. But just curious. I mean, what led you to go down the path of entrepreneurship and opening and finding or starting digital pie in the first place?

Wow. You know, I think at the time I was, you know, working on a lot of startups. So, you know, in the Bay area, you’re around lots of startups. and I had, you know, taken a big interest in technology. I went and built out a lot of marketing automation sort of procedures, processes, and platforms. So the entire sort of engine that helped run it. I really enjoyed that. And I figured it was time at some point to just take a, take a chance to work for myself to really further my sort of domain expertise in this, and see more clients because, I mean, the trade-off is you work for a company and you learn a lot about the company in the specific ways.

But when you start to see multiple use cases, right, it really breaks the depth of your knowledge. And I really enjoyed that process. So I started on, you know, taking on clients. And at some point, it was just apparent that I needed to bring more people on. you know, and it just kind of it kind of grew from there. and, and that’s sort of, you know, in a blink of an eye, it’s like ten years. That’s how that’s how that kind of fell, you know, or that’s how that ended up. So yeah.

Now very cool. I like the way you framed it. I never somehow thought about it, but I like the way you framed it, which is when you’re an employee working for a company, you are more involved in the workings of the company a whole lot more. Not to say that you won’t focus on the product and the market and the person you are solving for, but if it’s a ratio and if you need to put a number, it’s typically like 70, 30, 70 on the company side and 30 on the market product side or person side versus when you start something on your own, and especially the point which you emphasize, Ryan, which is around you want to get deeper into a specific problem set, looking at different ways the use cases are thought of or implemented or the challenges.

That’s it’s and it’s interesting because once you turn into, you know, your and you have your own company, right? Go to market becomes near and dear to you. Yeah. Because now all of the things that you’re, you know, are coming to you like, right? You have to make decisions on that. and so it’s really interesting. It’s beyond marketing now. I mean, you have a lot of other functions that are under your peripheral, you know, that are under your sort of guidance. And that’s really helpful If you really want to learn more. Like, there’s no better way to learn more than start your own thing. I can, I can tell you probably learn things you don’t never want to learn. But that’s that is the journey.

Yeah. That comes with the fun stuff. And that’s how I was how I would see it as well. Right. Being a founder myself, you get to deal with things that you wouldn’t typically look into because you are the owner of each and every problem and scenario that occurs in your company.

Shifting gears. So had you started Digital Pi, you grew it up to a certain point, and then you had a good exit selling it to the market. And then you are now again going down the path of being a second-time founder. Okay, Felix, tell us more about that.

I guess I like paying and I guess that’s probably. Well, Yeah, shortly. it’s it’s a funny story, but shortly after I exited and sold, and then we finished our earnout period. my wife had asked me to, you know, consider staying home for a few years and just taking a break because of all the previous years. yeah. and, you know, I, we took the summer off. We did, you did the usual things, right? You do lots of travel and whatnot. And, you know, fortunately, I have, you know, I have children and younger children still. our schedules are incredibly tied to their school schedules. Yeah. So, you know, whether you want to travel for six months or not, it’s not up to you whether you want to sleep in or not.

It’s not up to you. Right. So that’s true. You know, so for for that reason, I was like, you know, the let’s let’s, you know, let’s take the summer off. Let’s reconsider. and afterward, you know, I really decided that I really liked what I did. I found entrepreneurship, I found building, you know, to be equal. You know, I wouldn’t say equal. I’d say frustrating. And yet the rewards are so much better, so much higher. You learn so much about yourself. You learn so much about your, you know, the community of people you work with. there’s so much in that entire process. And then you also find other like-minded folks who are like, I can see why you would do I could, I could already tell you, you’re going to do this again. Even as much as you say you won’t because there’s a there’s a certain element of just, you know, I’d say it’s just a certain zest for that like that.

There’s a, there’s a, there’s a drive there. Right. And you can’t stop somebody from that. So I enjoyed it. So now we started I started helix probably going to be about a year now. the one thing I, you know, wanted to focus on this time was actually around customer data. I think that I’ll, I’ll, I’ll call it a little bit of tangent. I think the one thing we did in the nexus of all of the work in rev ops and growth ops was you’re starting to see a concept of, you know, how difficult it is to have a modern data stack, right? So many tools get brought into your environment that essentially interconnect with each other, and share data with each other, but there’s nothing to manage. All of that. And data becomes really important at this point because there is a shred of truth in every one of those systems around your customers. But there’s no single one that manages one sort of golden record of a customer. Right? The way, the way you used to think about.

MDM. Yeah. So I thought this was a really, really interesting problem to solve. I also look that I being big, you know, or language models being a big thing, right, that you’re building on top of your data set. And I remember looking at you know, clients and their data and it’s like 60% of it is wrong. They’re talking about building AI on top of it. And I said well how would you be comfortable if you’re getting, you know only 40% accuracy on it? It’s like whoa whoa whoa. Why what. That doesn’t that’s not good. I’m like yeah, but that’s that’s your data. And your AI is only as good as the data that you put on top. You know, whatever you’re pulling out. And there’s a lot of governance, you know, things that need to happen, a lot of security around what the AI should access, what it should display. So I think that the whole field right now is growing and is really interesting and continues to be.

But then you get down to the fundamental building blocks of what all this means is, like you still need a really solid sort of data strategy. You know, for a marketer, customer data is huge, right? Correct. The biggest driver of growth is to understand the customer. So we focused on that. That’s the whole sort of mission that Helix is on. You know, part of the reason I named the company helix is because it’s the DNA of the, of the data, you know. I thought anyway yeah. As a marketer, you know my brain goes that way.

No that’s good. I love the fact and I also love the fact that how you’re emphasizing, the need to have clean. And, I’m looking for the right word, clean, and relevant data. I don’t know if it’s relevant, but it will in turn, for the AI model, the foundation model to produce more trustworthy results. Yeah. Key and currency for that?

Yeah. Accurate. Precise. You know, persistent data.

And I think the problem is it’s persistence has been the thing that is missing. A lot of these tools like things are out of date so quickly. On every update, there’s something out of date. And that data isn’t persisted across all the applications that use that same data. Yeah. Like your address changing in one place should be changed in every place that has your identity associated with it. Yeah. Right. But that’s not always the case because all these things aren’t connected. And so things are again out of sync. And I think even the worst cases are trying to ask someone if they’re still a current customer and not getting the same answers. That’s kind of scary. Like, yeah, you know, are you charging this? Are you, you know, is this person still paying like these customers? Is this client still paying? Like, you’ve got to know these things right. And sometimes I don’t know. I understand the complexity of keeping up with those things, especially if you have like a SaaS business.

Right? That is pretty ephemeral, like whether it’s whether somebody’s buying and not buying the following month or whatever, their models are. Right. And these things are getting again, they’re complicated, but yet they’re important problems to solve.

Yeah. So I know it’s been only a few months since you launched Helix officially. I mean, a stage where you have paying customers yet or are you still in the discovery design customer phase?

We do have, paying customers. luckily, and, you know, I would say that we’re in a good place. You know, a lot of the concepts, ideas that we were incubating. all we’ve had to do was refine some of it, the approaches. Yeah. But it hasn’t been a, you know, full reboot on what we had originally thought. Yeah. you know, and I think a lot of it is just like, you know, the first part of Go to Market is like really thinking about, like the messaging and the positioning of. Yeah, like because we are an agency and we do services.

You know, our first, you know, when I first came out with this, I kept talking about data challenges. and that became apparent that everyone agreed to it. Yeah, but no one can fund it. and I said, well, why is this? You know, it took me a while to really figure this out. And they said, well, everybody agrees with you that, you know, bad data is not good for the company and that you needed to clean it. But it is everybody’s problem because everybody puts input data. Now, the problem with it is then who sets the budget for it. Because then it would be everybody’s, you know, budget and there’s no such thing. Yeah. and again, you know, learning, you know, even if I’ve done this before, you know, I don’t know this. Right? So I’m like, wow, that’s the terrible go-to-market. You know, the message is like you have bad data and we can fix it. But it’s like, who are you talking to?

Yeah, the ICP right?

That’s the person and the problem. Who are you speaking to and what?

Goes right back to that. Yeah. and I think refining those things to be very specific to our audience, I mean, we target, you know, revenue ops. Right? So the people that are in charge of revenue and there’s a, there’s a really solid reason for why this is important, right? Like simple things like, let’s just say, you know, you have an ABM strategy in there and you don’t have the right data for whoever you’ve identified in the ABM. Right. It’s like lead-to-account matching, like simple tactical things that cause issues in your revenue or just routing, you know, opportunities to the right area.

In this case, even the campaign performance, I mean, that very atomic level.

Yeah. Down to the very like, you know, down to that level of detail without, you know, sometimes it’s like, wow, I didn’t have this one.

I don’t know, there’s one field that wasn’t filled out, but the rest of it is good. And you’re not contacting this person.

Correct.

You missed out on an opportunity. It’s like wait, why? Because some rule sets, you know, are set in a certain way and it’s like, wow, that’s not good, right? So there are things that are, you know, yes, it’s missing and therefore it’s not going anywhere. And then there’s two, you know, the wrong information is going to the wrong people and then it doesn’t get followed up. Yep. 

There’s a whole series of things there that happen in that way. And these are all like, you know, essentially when I think about it like from a revenue op, you know, function like optimizing those things that keep. Yeah. And so again, it goes back to we didn’t really think about talking about data from that perspective at first. And now we are spending more time on it. Let me understand the use cases and let me explain how this, you know, enables or helps the use case.

And I think that we are still obviously building a lot more of that to inform our, you know, our messaging, how we go to market with it, you know, who we go to market with it. Like, do we need agency partners to, you know, tie us together or companies that really do a lot of, I don’t know, campaigning, you know, sort of activation type work, but they don’t have a data infrastructure? 

Right. Like so those help us figure out where we should position and where we should be, because what happens in the end if we find out that we’re best being an agency behind an agency, right, then I would partner with a bunch of different agencies. But like, it’s like those things that we need to find out. And we’re still working through a lot of these sorts of ideas.

I’d say no, really cool stuff. I love the fact, in terms of how you are really conveying the lessons and your day-to-day iterations of your ICP, of your problem statement, of your messaging.

Again, it all goes back to the fundamentals of go-to-market, and go-to-market constantly changes. I think that’s the main message for the listeners here. And yeah. Yeah.

And I think big or small, I think it’s you know, the closer you are to the customer’s use cases. Yeah. And even the language they use, the better. Correct. You know, I find that we, we, you know, we’re guilty of this in marketing. It’s like we tend to create terms or use terms that we think are, I don’t know, invented here. And this is awesome. But that’s not how somebody’s describing a problem to you. And you, you’re you’re seeing it in a different way. It might be the same. You could have the best solution, but you’re saying it in a way they wouldn’t understand it. Okay. Yeah.

One of the things. Sorry. Go ahead.

No, no. Go ahead.

Yeah. So one of the things you’re totally spot on on that.

Right. And one of the techniques that I’m testing out and it’s still early days is I list out a few problem statements and here are my observations. And when I speak with the ICP I would say does this resonate? Is this what you see in your environment?

Yeah.

Right. And then I just ask that question and I shut up, I just don’t talk, I let them speak and they open up. Do you know what all these resonate or points two and three resonate? And you know what? I’ll add a couple more to that.

Yeah, yeah. No, I did that. I did that for my goodness over the course of nine months so far. Yeah, I’m still doing that by the way. Yes. You know we changed some positioning and we had some ideas probably two months ago. And it took some time to find some of my, you know, the ICP folks that, that, that run this on a daily basis. I’m like, does this make sense to you? Like when I talk about, I don’t know, we were like, you know, lead to revenue.

And they’re like, yeah, I know it’s it’s too broad, right? But it’s like, you know, we were about to like get all behind it, right? The whole thing changed our lives. All that good stuff. you know, but I tested on a few people that, like, it doesn’t make sense in our organization. Maybe it makes sense, bro. They’re just trying to be nice. Like, I’m like, how do you? How would you describe this problem? Right.

Exactly.

Yeah. So it’s great. It’s great. We are again, I think it’s awesome to just continue to stay up to date and listen to how people describe. Right? Yeah.

The problem and another technique that I’m using or testing out is after they describe the problem. And if I see that it’s resonating with them, I then follow up with the question, which is how do you build a business case within your organization?

Yeah.

And then I just shut up and listen to what?

Yeah.

Yeah, I, I do I do appreciate the folks that, you know lean in to help with that. I have found and again maybe it’s just the folks I’m you know talking to like lately it’s more of a, would you go this way or that way to build a business case. And I kind of give them an option just because it’s so hard to get the time to talk to them. Yeah. You know, and then I’m, I feel like I’m adding extra work by asking them to sort of think through an abstraction of how they would present it. And so I say, would it help if I did this or this? And it gives, it gives it better momentum I think. but again I, you know there are folks who would love to just sit down and you know, advise and help with that. And I appreciate that. I don’t get a lot of those by the way. I just get a lot more like people who want me to like, and present something, and then they give me an opinion.

Yeah, it’s. Probably easier.

But it makes sense. It’s easier.

It’s a lot easier for sure.

All right.

Now this is good I mean the conversation is definitely starting with the more technical and insightful lessons that we can share with the listeners. Let’s get even more specific. As you and I know we have seen this, which is go to market is not always up to the right. You’ll have go-to-market success stories and go-to-market failure stories are lessons. So if you can share either from your current experience, I think you’ve been sharing it with Aelix. But if you go back to your time in Digital Pie and if you can share a success and a failure story, either for Digital Pie or for one of your customers, that’d be a good segue into our next section.

Yeah, I can definitely. And I’ll have to preface that it’s probably from my current viewpoint in the world, which is all centered around data, you know because I think about how would I how would my business today solve some of the things I saw in the past? So I think about it from that perspective.

One story I think I share in different ways that come to mind was, you know, we worked with a company on social security software. but they didn’t sell directly. It was through resellers. And some of the, the things that they were struggling with, you know, was really on the renewal side. So they find that there was probably a good 40 to 50% drop every year at the annual review. and I think they had a, their go to market was really what we, we talked about earlier like it was to launch to acquire customers. 

But then the follow through, the rest of it was the post-sale, the like, the support, the everything that happened afterward was missing in in their entire like there wasn’t even like a real thought because they were selling through resellers for thinking the resellers should handle some of these, you know, problems. And I think we asked I said, so who’s the expert in this software? You are the reseller. And they’re like, what do you mean that you know?

Well, the resellers know they have their list, they have the audience, but they’re never going to be able to answer some of the questions, you know? Right. You don’t have a team training their team. They don’t have support staff. They don’t have any of these folks, to help with this renewal. And as successful as their campaigns were to acquire losing half of that after the year, it was terrible.

They had a huge leaky bucket.

Oh, yeah. Yeah, it was terrible, you know, and again, I think if you think about, you know, what we would have thought about a long time ago, we’ve been like, hey, marketing is super successful. What do you mean? Like, look at what we’ve done, right, right. And then you look at the other side of it, which is, oh my gosh, like, we can’t any of these people. The churn is huge, right? 50% is not a small number. And this is a, I don’t know, multiple multiple millions I mean, talking 100, $200 million.

Yeah. You know, a company that’s doing this right. I’m like, this is a lot. So we started to really, you know, I would say a lot of it was because, again, there were gaps in the go-to-market for sure, and there were gaps in their data set like they didn’t know the customer, their resellers, and customers. And there was no way to get them help. Right? Because the systems weren’t tied together. Like there’s no way to funnel it back to the corporate, you know, the company who has experts to help, you know, because they positioned their experts to help the resellers, which is fine. But it’s again, it’s a sale through model. 

Right? So that didn’t really help. I think that was, you know, one of those, like, scenarios where, you know, we did put some things in place that I think eventually held we, you know, as manual as it was back then, we at least finally were able to get like visibility and who the end customers have suggested some sort of preemptive way to not communicate to them on the day of renewal versus, hey, you know, have you thought about doing it three months before? And, you know, just to get a sense of, you know, what’s going to happen? And then, you need to have these, you know, this end users information or get your resellers to send this message out, right, so that they can if there’s trouble, they know about it right before it happens.

So I thought that was, that that ended up being successful. But I think it was like, again, to your question, that was that started off pretty, you know, it was lacking. I’d say. and in the end, it turned out to be much better. Okay. No, not that the entire problem was solved. It was just, you know, having a way to think about it. we did see, like, the renewal rates come up because they were preempted. They actually moved it back to like six months, like halfway through. Then they had a better proper onboarding process to get people successful right away. So there was there was like a lot of those changes that they had to make. Right. which I thought was interesting that they did, you know, these were sort of, you know, things you would think today are important. Yeah. But I’m talking maybe ten years ago they were sort of not. Yeah. Which is, which is, you know, I don’t know.

You know. Yeah.

You actually encapsulate it so correctly, which is I mean, that’s the essence of this podcast and the message which is when you think about go to market, it’s not just top of the funnel and getting to a sale or buy decision. It’s beyond that and how you keep the customers happy. And not to say that these customers or these people are looking at it from the wrong intention. It’s just the constraints of the resources and so much to do and only so much bandwidth or money and budget. Yeah.

And yeah. And I think, you know a tech was a lot different then. Right. I mean ten years ago there were a lot of tools that would integrate, you know, some of this information together. So I can see why, you know, the conditions were there. Again, we go back to like you have a you could have planned all this out. And if there was no ability to do it, you can right. The constraints of the company.

So totally. So that’s a good market success story. And do you have like a go-to-market failure story or a lesson?

You know, I think that was a failure story that I sort of thought through. In the end, it ended up being successful. Okay. And these were typically brought in when there were issues. I think we started getting a reputation for I, As you know, the saving the read accounts. Yeah, that’s the way it turned. and I think we, you know, I have to say, our team always did a great job in being able to turn around something that was, you know, provided a lot of value, which was really a testament to our team and the company we built. Right. They were not just looking at it from a, you know, a very sort of focused lens on this is all we do. And, if we needed experts in different ways of looking at this problem, we did bring them in and that helped.

Yeah. Right. because our services agency, we were not a product company where the only thing we knew was our product. That’s the difference. So I would say yeah I mean it was success. It was a failure turned into a success. I have probably lots of those similar stories where they started off, you know, in that same way. Yeah.

Very cool. And then just a quick note on or if you can touch upon like how the exit and the purchase and sale to Michael happen at digital buy. If you can share some insight like how you positioned or did they approach you, was it inbound or how did that happen?

We actually, knew that this was eventually the route we were going to go. So the first thing is the intention was that already. I personally did not want to turn our company into a lifestyle company where, you know, it funded a great lifestyle, but no one else benefited. I wanted a company where everyone who worked there benefited in some way.

I also knew that our agency was bound by the things we did, which might not allow the team to grow the skill sets they wanted to grow. Yeah, right. And, you know, from sort of like from that concluding conclusion, I’m like, you know what? Let’s make it intentional that in, you know, if we were to plan and exit, what would it take? we grew our business. 

We got on the Inc 5002 times in a row. we just kept our, you know, our, our growth numbers pretty, pretty high. Yeah. and it helped with solving real problems for customers. and then at some point, you know, when you start making your way into the, the, the, the awareness of some of these agencies who are looking to build out, you know, the services we were, we started getting approached and I think, it was rightly it was by design we need we knew we had to work on who we were, what we represented to the market, and why we were so valuable to any agency.

You know, and what made us different? Right. What is your what is the one thing that you guys do really well? and that you can say that this is who we are and why we are so good at what we do. Right? We created a, you know, although we’re a services agency, we created a product, you know, the product helped our consulting work. Yeah. We were able to develop that. We also developed a framework for how you deploy certain things on the Adobe platform, like it was, you know, the gold standard we actually identified.

 And we said this is the way it should be done. We put that on the map. at that point, we had, you know, suitors, and we had some great conversations. The reason I decided to go with Merkel in the end was their mission and ours aligned perfectly. their goal was to create the largest B2B agency in the world. Nice. A very simple mission, right? It’s a very simple statement, but the mission.

But not easy for sure. Yeah.

And I think that I was drawn to that. I think, you know, you know, the way I thought about it, if we can associate and be successful in this mission, everyone in our company benefits from it, right? Yeah, right. To be the best at something. It’s amazing. Right. And I think all of the things that come from it, you know, on the monetary reward rewards all the career growth, all of those things would come naturally. and so that was really the driver for the decision. Yeah.

Very cool. Thank you for sharing that. That was unplanned but thought it would be beneficial for the listeners as well just to showcase or show the thought process of how a founder thinks about an exit and what steps need to be taken. That’s helpful. So if we were to summarize like 1 to 2, go to market skills that you’re known for, for example, either your peers or your industry or customers.

When they think about, hey, you know, we have this XYZ problem and we need to talk to Ryan, what would that be?

I think it’s still like fundamentally in you know, I would put it in the, the still back in this revenue ops, you know, lens of the world. Yeah. We’re really good at identifying the roadblocks to revenue in a tactical sense. Right. If you have demand Gen if you have, you know, sales operations, if you have a market, you have all these groups, but then how do you work them all together to, to to really get you the clearest line of sight to revenue, removing every hurdle between its path. Like we are really good at that. Like whether it’s a data issue, whether it’s a process issue, whether you don’t have something, whether it’s, you know, you’re saying the wrong like we really are, I don’t know, in the years sort of refined that skill set because we were working so closely with where the sort of the engine of all of this came together.

Right. you know, because I think there’s definitely there is an, a company I think that doesn’t have like a, a good idea of how they should go to market or a plan, a strategy like that. That’s fundamental. Like it’s there. I think the problem comes in when you need to execute that plan, lots of holes start to appear there. And you know, we’re not a company that will help you build a go-to-market strategy. But we can look at your go-to-market strategy and say, these are the things we need to do to make sure that that revenue is optimized. That path has not been obstructed in any way. Whether it’s like your system, you don’t have the right people to do whatever it is. Right? and we’ve done a lot of those things and it’s, it’s just a, it’s just that area, where we like to focus on.

Very cool. I love the fact that how you emphasize the tactical and the execution piece, because strategy, it’s super hard to get strategy, but more often than not, really good people have strategy in mind.

But then when it comes to execution and tactics, especially around like in your case, LiveOps, which is the people, the tech stack, and the system and process.

Yeah, all game is a whole different ball game. And it is its detailed work. It is necessary and it’s, it’s and I think it’s just a lot of times it’s, it’s siloed within the groups. You know, they’re functionally, you know, I get I get, you know, odd things where it’s like we have everything in our Salesforce instance. I’m like, okay, but I can only touch the leads. I can’t touch the contacts. I’m like, what I like. It’s like, what? Yeah, you think you.

Have everything, but you cannot touch it. You can only touch a subset.

Yeah. So I say it’s these things like let’s work together on like really unblocking like do you need access to this? Yes, but I can’t touch it. You know who defined that rule, right? Like what happened in the past that created this, right? Like there’s always some genesis.

Like somebody messed up something and they put a really hard rule in this thing. And I said, guys, this is like, this data is owned by you. And in order for you to do this work, you need X, right? Like, let’s rethink this part. So I think you know again it it always falls down when it comes down to how do I get this moving? how do I and, you know, a lot of the I think it’s, you know, acceptable to say I have a strategy. Now let’s go execute. And, you know, like it’s supposed to happen right away. Right? It’s part of the strategy is to think how long it takes to do these things. Correct. Yeah. Right.

And other specific tech stack technologies that you specialize in, you or your team specialize in, like Salesforce, Marketo, or others.

Yeah. I mean, like for us We focus on, you know, B2B less common and B2B is. Salesforce, HubSpot, HubSpot, Marketo.

You know, we’re now a reseller for, we’re actually a, an agency partner for a company called synchrony, which I really, I really encourage everyone to look at because, like I said, you know, ten years doing 400 different implementations and thinking about the modern data stack and the number of tools that are in there, and each one having a piece of data that needs to be, you know, sort of consistent and persistent. That alone solves so many problems and that, you know, there’s a lot more that that does. But fundamentally, I, I need we needed a data platform that allows us to Asynchronously connect all this data quickly and actually have it persistent throughout all the applications. This was like I needed this problem solved. And then when we sort of found the software and, you know, through relationships, I’m like, that’s actually the problem I’ve been trying to describe when it comes to data. So we set up so quickly to become, you know, a partner to deploy it.

I think like I think it’s, it’s the for us, it was the missing element because of where we were. We work right in that middle. Right. So it was really important to have a data platform.

Very cool. Switching gears and switching topics to a different context or totally over here. Clearly an expert in DevOps. So what are the 1 2, or 3 things that you do to stay on top of the trends and what’s happening in the real world?

Well, I think that I’m part of a few communities, you know, marketing pros or marketing ops professionals. is a it’s a really diverse community of mops, rev ops, and sales ops leaders. you know, there are some individuals in there. you know, I’m part of the CMO Alliance. Like, I listen to a lot of these, you know, and it’s I don’t have a particular person in mind besides, like, maybe Scott Brinker or somebody, you know, who there’s a lot of, like, you know, sort of vision type things.

And then, you know, you have Gartner putting out, you know, content. there are obviously a lot of those out there. But I like again, on the tactical level, I mean, these communities that people will post very specific problems. And the way they describe it is like, you know when you’re reading the Gartner paper, it’s like 1000 levels up, and then this person is describing this problem this way, right? And I tend to hone in on those messages. So I followed those and I read a lot on the modern data, you know, blogs, about how, you know, there’s a whole concept of, you know, data platforms or, you know, data first platforms, which is a different spin, newer than, you know, modern data stack. It’s like a data-first stack and what that shape looks like. And how do you set up governance for it? And so I like those that are really interesting. you know, there’s those are really interesting, you know, blogs to read.

I also follow certain companies, like as Scale. They talk a lot about this, which is great. And obviously synchrony puts out quite a bit on their autonomous, data platform. So, you know, it’s like a lot of these things are newer. I tend to look for, I don’t know, like really clear-cut tactical use cases and problems. Right. And so when, when, when I see sort of, I don’t know, fluffier material out there, I’m like, I’ll read it conceptually. Like I kind of get it, but I’m looking for like, hey, we did this and we had this problem and this is how we fixed it, you know, and I don’t know. So to me that comes a lot more through the community.

Yeah. No, I hear you I mean communities are great sources of people literally opening up their minds about the problems that they’re facing today for sure. Yeah. Yeah. Well just to be respectful of your time, the final question for you, Ryan, is if you were to turn back the clock and go back to day one of your go-to-market journey, what advice would you give to your younger self?

Are you talking about like a year ago, you know?

Which one we’re talking about?

Yeah, exactly. No. Day one of a go-to-market journey ever since you went down this path of DevOps. Yeah. Like, what is that point at that time?

I think I would have done a little bit more, you know, validating the sort of ideas that I had. I got so excited. I just started a company the minute I got back from vacation. I’m like, this is what people want. This is what you know. And I thought, you know, I thought because I, you know, we did 400 different implementations. Like, I would know the answers, right? I was, Am I really wrong? Right. Like it was like and I think I would if I had taken the time to really talk to the ICP. You know, like. Like what we spent a lot of time talking about, like, what did you think about this? And like, really, really get to know describe a little bit more carefully than I did instead of all the excitement.

Right. That would have helped. And, you know, I say that because, again, as a founder, the minute you start something, you’re burning cash. Yeah, right. And Any of you have no projects and you’re burning cash. That’s not a good way to go. Now, if you’re a little bit more careful about it and you did it, you would have to make fewer adjustments. I think that would have that. I would have told myself, hey, talk to a few more folks, at least have a number, and then you get a certain level of comfortability with what you’re trying to do and then dive head in. Right. You know. Yeah.

Yeah. It is what it is.

I mean it goes back to our entire go-to-market discussion. Right. How we started this podcast, which is again go to market constantly shifts. And for you as a successful founder with an exit, you had to go back and learn. And again start fresh from scratch and talk to your ISPs.

It goes back to those fundamentals again. And not to say again, I’m not trying to be a preacher. I myself am guilty of making those mistakes. I’ve been there, done that. I’m still doing that.

Yeah, we all are. You know, and I think these discussions are great. You know, I think, it helps remind others who might be in a similar situation. Absolutely. I think it also is like, you know, we made a pretty good sized pivot, you know, like within the first few months, as I’m finding things aren’t working. and it’s okay.

Yeah.

Yeah, it really is. It’s it’s it’s like you’re not stuck on your strategy forever.

You know? Yeah.

So I think that’s important to to really give yourself a little bit of grace when it’s not going right.

Yeah. Excellent. That’s a great way to end the podcast.

 

Do you want to know how a Customer-Centric Approach Transform Your Go-to-Market Strategy?

Dive into the latest episode of the B2B Go to Market Leaders podcast, where Mike Maynard, CEO of Napier, a seasoned PR executive and expert in various go-to-market (GTM) strategies, including account-based marketing (ABM) emphasizes the importance of starting with the customer’s needs rather than the product. This customer-centric approach is crucial for developing effective marketing strategies that resonate with the target audience.

Actionable Tips:

  • Identify Customer Pain Points: Conduct thorough market research to understand the specific problems your customers face.
  • Craft Compelling Narratives: Develop marketing messages highlighting how your product solves these problems and improves the customer’s life.
  • Choose Appropriate Channels: Select the most effective sales channels and marketing tactics based on your understanding of the customer.

Mike Maynard’s experiences and advice provide a comprehensive guide for professionals looking to navigate the complexities of the B2B landscape effectively. By focusing on the customer, staying agile, and continuously learning, businesses can develop successful go-to-market strategies that drive growth and success.

Listen to the podcast here

Top B2B Marketing Strategies: Expert Insights from PR Specialist Mike Maynard

Signature question: How do you view and define go to market?

Well, that’s an interesting question. So I’ve been around a bit. I’ve been, you know, in marketing for many, many years. And I actually think, you know, GTM really is what we used to call marketing. And it’s really about understanding, you know, what you’re doing. And you can talk about the five pieces of the seven pieces or whichever model you want. but I think what’s happened is marketing kind of got pigeonholed into marketing communications as a term. and it meant that people didn’t really understand that marketing was much more than that. So we then had the, the phrase that market introduced to try and, you know, recover that wider view of marketing. So understanding everything from the product to the sales channels all the way through to the messaging. so I don’t actually see it as being necessarily anything new, but I do see it as being super, super important because, you know, just thinking of marketing as purely marketing communications, I think misses the point.

You’ve got to take that broader view.

Yeah. I like the fact that you covered, the evolution, the previous understanding of good market, and the evolution. Also loved the aspect that you covered, that good marketers, not just 1 or 2 functions. It spans all the way from product to marketing to sales and even customer success and beyond. So all spot on over there. I’m also curious to hear your angles on how top go-to-market leaders approach the market. Go to market. So what I mean by that is yes, it covers all the different functions. But if you were to craft and build or advise on a go-to-market approach for a B2B company, what would you tell them?

Well, I think this is really interesting. And, you know, as you know, Vijay, we work with a lot of companies so well beyond just, SAS. and I think, you know, particularly in the, the hardware product sector, people quite often approach go to market from the product point of view.

So they look at what they’ve got, they’ve got a physical product, they look at its benefits. They’ve tried to, you know, build a GTM plan around that. And I think that’s really the wrong way to do it. The way you should do it is to really build it from the customer’s point of view. so ultimately, everything you’re, you know, you’re trying to sell in a B2B environment is trying to solve a particular problem or, enable a customer to do something. And I think starting at that point And really building out from, you know, what does it give the customer? How does it change the customer’s life? How does it make that customer’s world better? You know, and that might be saving money. It might be doing things more quickly. They might be doing things they couldn’t do before. And I think that’s really the way to build it, is to understand from the customer point of view what you’re giving them, and then you can build that entire GTM story around it, and then things like, you know, what channel you choose.

And it becomes much easier to determine because you understand from the customer’s point of view why they’re going to buy, you know, is this a high touch or a low touch sale? And so I think that’s really the way you got to do it is build it up, you know, really from the customer’s shoes backward rather than from your business forwards.

I love it. I mean, you’re literally ticking off all the right elements of a good go-to-market formula you started off with. It encompasses all the different functions. That’s spot on over there. I also love the fact that he emphasized this specific aspect. Mike, starts with the people and the problems start with that versus the product or the services. Most often I’ve seen founders or even other good market leaders in marketing, product, or sales. They started with the product and hey, we are cool. And this is why we should buy flip the script. It’s it’s about them, understand them, and quote-unquote pitch so that they get gravitate towards your product or service.

I completely agree. I think, you know, you’ve got to work out why people, you know, make mistakes when they’re building go-to-market strategies. and I think, you know, if you consider people developing products, whether, you know, that’s a SaaS product or whatever, and you’re really focused on this product, you spend, you know, potentially months or years of your life Building up this product. You’re very focused on how you perform relative to competitors, and what you offer. And so, you know, your life’s been that product, for, you know, quite a considerable time, certainly several quarters. And to be able to then step away and go now I’m going to start now from the customer, and I’m going to almost drop the product, my baby, that I’ve been building. It’s really hard. So I think when you talk about mistakes, they’re very understandable. decisions that people make, and they’re built from a point of view of strength, you know, they’ve got a lot of strength of knowledge about the product.

They’ve perhaps not got so much knowledge about the customer. The reality is, is you’ve got to be brave and you’ve got to, you know, take that jump and say, now I’ve got a product. Let’s look at what it does for the customer and build the strategy from there.

Fantastic. Let’s switch gears. going back picture and more to your personal story and career journey. So if you share with our listeners your professional career journey and what led you to what you’re doing today. That’d be great.

Yeah, I’d love to have this great career path I planned out, but it really didn’t work like that. you know, a university. I flirted with the idea of, actually being a roadie for a while. so, had lots of fun there. real tough career. so I moved into, electronics engineering. That was my first job, and took a couple of roles doing, design work in electronics companies. then I realized that, you know, maybe I wasn’t quite so good at engineering, but I was quite good at talking about technology.

So I moved into technical support roles, supporting, semiconductor vendors. and then it was kind of, well, where do I go next, you know, and, and working for an American semiconductor vendor at the time, you know, the obvious route in a technical role was to go to the States, because that’s where the main hub of the development, and the technology was, but didn’t really want to do that because I had young kids. you know, it wasn’t really the right time. So I thought, well, I’ll move into marketing. It’ll give me something different, something fresh to do. and then, of course, like all good marketers, I went to a conference and, had, one too many glasses of wine in the evening. and someone said to me, oh, you should run your own business. and, literally, about two, two months later, the agency I was using, my, main contact came to me and said, look, the owners are looking to sell the agency and they want to retire.

I think you should buy it. And I thought, how hard can it be? You know, running an agency. It’s got to be easy. I’ve done all this technology stuff. As it turns out, it was probably the hardest job. I’ve been there since 2001. free bit of advice for all your listeners. If you’re going to buy a technology agency, the wrong time to buy it is three weeks before the dotcom crash. That’s a really bad idea. Don’t do that. but I think, you know, after 22 years, I’m beginning to understand it. Now I’m beginning to get a bit better. But. But it’s been a fascinating journey because it really hasn’t been planned. and it’s very much been, you know, just taking opportunities that interested me.

Very cool. I love that you stated or started this, which is why I wish it was a perfect trajectory or perfect roadmap. It never is the case with the majority of the people. It’s for sharing the vulnerable side of your story, where you admitted and said, hey, it’s never a rosy path, which is almost always the case for many of the professionals.

And that’s an important piece of advice for young listeners out there. And similar to your career journey and career trajectory. I started off as an engineer, and then I gravitated more toward the business side of things and the go-to-market side of things. So I see a lot of parallels in that aspect as well. And good advice. I mean, really curious. I also noticed on your LinkedIn that you were a professor and adjunct professor. So talk to us about that.

Yeah. So I had the opportunity, for a while to lecture on a PR course. so I spent a few years teaching, just one of the modules in the course. I mean, that was great for a couple of reasons. So from the agency’s point of view, it was good because it was a great way to find new talent. because you got to meet these people and, build relationships over, the period of a couple of semesters. So you, you’re able to, you know, hopefully, hire the best people from the university.

But more than that, I think it was really helpful for me to learn from those students. so they’re coming out with some very good ideas. They’re also, generally speaking, very different from the kind of B2B marketing people you talk to. So when you’re at university, you’ve never encountered business-to-business. You’re purely focused on the consumer. And, you know, and you’re also, you know, treat things very differently. Things are quite new. You know, you’ve only just started really buying stuff. you know, you’re the first time you’re living away from home and, and all that. So I think that the students bring a really fresh approach. and we try and bring, you know, young people into the agency for exactly that reason. they’ve got loads of really interesting. They’re not always right. I mean, they get me wrong that sometimes they come up with crazy ideas that, that really are never going to work. but they’re never stupid ideas. They always spark something in you, and you always think, yeah, that’s not quite right, but I thoroughly enjoyed it.

Unfortunately, the course is no longer running at that university, so, I don’t have the opportunity to do that anymore, but, hopefully, it’s something I could go back to one day.

Yeah. No, it definitely aligns with a popular belief out there that I subscribed to, which is the best way to learn, is to teach someone. And that’s exactly what you did there. I mean, the best way to get better and more and wider perspectives in PR is to teach PR, and what better audience than young professionals and students out there?

Absolutely. They ask good questions, that’s for sure. So you have to be prepared.

Yeah. And then you also mentioned about transitioning from an employee to a business owner. What were the challenges like? I mean, clearly it’s not rosy. I mean, it’s going to be a rough start, at least in the first couple of years. So talk to us about that and share your experiences.

So in many ways the the business owner-employee thing, it wasn’t as big a change as you might think.

And maybe it’s me, but, you know, I put a lot of money into the business as an example. and also had debt mainly in the form of, deferred payments to the owner. So not necessarily bank debt, but, still some debt there to deal with. I kind of didn’t think about it. And that sounds crazy. because, you know, the amount of money involved was huge. but at the same time, you make that decision, once you’ve made that decision, I kind of believe you’re committed to it. So, you know, there are certainly times where I’d sit down and think, somehow got to pay back all this money. You know, somehow I’ve got to make this business make enough money so that I can, fund these payments. And that absolutely was scary. but most of the time, the day-to-day stuff, it’s not that much different, you know, leading a team. you’re still leading a team. You still want to do the best. You still have very clear goals.

You perhaps got a slightly broader, outlook on things, being a business owner versus being inside of a larger organization. But apart from that, you know, I’ve never found it very difficult. Different. I know that other people find it enormously different. you know, and the classic comment is, you know, now I’ve worked for myself. I’ve never worked for someone else. Well, believe me, I would work for someone else again, and I would appreciate their pain. So. Yeah. you know, for me, I think you if you believe in the mission, if you’re, you know, focused on, achieving what the organization wants to achieve, I don’t have to run it, you know, I’ve done that. I’ve enjoyed it. It’s worked. But I can go back to being part of the team as well.

Right. Cool. Yeah. I mean, for me personally, transitioning from employee to being a solopreneur and running my own good market, consulting company, I mean, as a solo consultant, employee, founder, name what you will, but it is what it is.

Some of the challenges and learning curves that I had to go through personally, Mike included. Yes. I mean absolutely. Getting better at what I do is key and that’s constant. It doesn’t matter if you’re an employee or an owner, but something else that I had to learn along the way is sales. Selling is one thing. The other is the operations, the cash flow, the financial aspect, how we’re doing versus how we’re not doing against the trajectory, and so on. And, and something else that I enjoyed as a part of the learning process is relationship building. I mean, just meeting new people, and getting to know them versus code and code networking. Hey, I got one more connection bragging rights. That’s not the right way to go about it, for sure. But yeah, I mean, these are some of the cool things that I enjoyed. But to your point, it depends on the mindset. Because if you are a committed and top-tier employee, it doesn’t matter if you’re an employee or an owner, you still have to do your craft and do what’s right for your clients.

Absolutely. And, you know, I was lucky I’d been in a sales role before, so, you know, I’d done the sales side of things. I was really brought into that and wasn’t necessarily brilliant at it when I started. I mean, it took some time to adapt. I’d also done an MBA as well, so I’d been fortunate enough to be able to do that in my previous employer. what for me was the big difference was I went from a company that makes products to a semiconductor company. and they’re everything is focused on what is the value of the product you can shift and how much can you sell. and time is almost irrelevant because the amount you’re selling, and the value of the components is so large, that, you know, one person can almost spend a whole year focused on their biggest opportunity. If they increase that sale a little bit, they’ve paid for their time. Right? You then move to a consulting business. so an agency You’re then actually selling hours and the jump between selling products to selling hours.

I found, it very difficult, and that for me swamped. Any difference between being part of the team and leading the team?

Yeah. Fantastic. And so tell us about Napier. What do you guys do? Who do you serve and what are the typical projects like?

So we talk about basically helping people sell products to engineers in a B2B space. So, we help, clients, sell, to technical decision-makers, and typically they’re selling technical products. so we have business in a range of areas. we work with some business SaaS companies. we work with, some, software development tool companies, and have got some good experience there in the past. We also work a lot with, physical product companies as well. So, engineering companies, so semiconductor companies as well as, communications infrastructure and automation and what people call an integrated agency. So we’re not purely focused on one area. but we offer a range of different services. So we build campaigns that integrate. The reality though is that the majority of our business is centered around, sort of PR and content generation.

and that’s really where everything flows from. we have a, you know, a strong digital side as you wouldn’t be surprised. We have a studio, but really, it’s all about building that great content and then getting it in front of people. And one of the main ways we do that is media relations.

Understood. So it’s I mean, clearly our services are around PR billing campaigns, content digital, and so on. So pretty diverse. And, how big is your team, and what is your team like? Composition. Like the split like.

So that’s a great question. So we’re 38 people. and we have a mix of, you know, people who drive accounts, people who are more specialist, and then people supporting the team as well as, you know, like our business development functions as well. so around about a third of our business is, people running accounts, so they’re managing the accounts. They usually do some of the delivery as well. particularly around media relations. we have a content team, so we have a couple of, you know, really good writers, and then we have a roster of, freelancers.

So, you know, I think writing is a great career because you can make, you know, a really good living working as a freelancer, working the hours you want. and some of the best writers do that and the the job, but they just won’t take it. So, we have to keep working on a freelance basis. We have three people in the studios. About 10% of the business doing, design. we have, five people in, digital teams. So again, quite a focused team. They’re doing a lot around getting content in front of people through things like paid social and also marketing automation. and then we have a few people in the background and, a small team of biz dev led by, you know, one person who’s full-time and then a few part-time people, helping out. So they’re doing a mix of client work and, business development and prospecting.

Very cool. So a good mix of full-time versus part-time and freelancers. That’s one takeaway that I and I, but I absorbed the other one is a mix of obviously creative because it has to be creative content heavy and production design heavy team.

So I see that. And then you layer on sales and business on top for account management as well.

That’s actually a much better summary than the way I put it. So so I really like that. I mean, I think, you know, you talk about, you know, full-time, part-time and freelance. We just want good people and we’re not, you know, bigoted about. They have to be employed and they have to be full-time. So so that that’s a really important thing, I think get good people, you know, wherever they are.

Fantastic. And then what is your customer profile mix like you mentioned B2B, SaaS, but then also hardware and even physical products? What is your mix like?

I’m so the majority of the mix is hardware. so the SAS software side is smaller, but it’s growing very fast at the moment for us. it’s an area, we haven’t gone through. And so when the agency was founded, the agency was actually founded 40 years ago.

So as I say, I bought it in 2001. it was founded around providing marketing services for electronic components. and that was a real focus. And since then we’ve grown into other areas, partly organically, partly through acquisition. and now, you know, I mean, I think one of our big growth areas is around, SaaS, for a couple of reasons. Firstly, hardware is becoming more commoditized, becoming more commoditized. And as you know, in the semiconductor sector, there’s been a huge consolidation into far fewer vendors. so, you know, the world has changed. We need to change the world. And also, I think because with the way, you know, SAS now lets people develop tools very quickly, keep, iterating on them. The subscription model, you know, is really flexible, both for the customer and also very beneficial for the developer. I think that’s going to grow and grow as a sector. so we’re really excited about that. And that’s an area we’re very much focused on.

Cool. And then from a geo perspective, what’s the mix between, like Europe, the Americas, and then maybe Asia?

Great question. So, the majority of our work is UK and Europe. a number of UK-only clients, we have, quite a lot of business that that’s really, across Europe, either for clients that I can just major countries or clients going further in Europe. And that’s probably, somewhere around about 75% of our business is the UK and Europe side. and then we have, already, you know, presence in America. so North America is the key market for us. And we’re actively running campaigns for several clients, in North America and, media relations. And then we have a few other clients, you know, scattered around doing things around the globe. So, you know, often English speaking clearly, because that’s, that’s an easy way to, for us to grow. So Australia, for example, is an area where we’ve got clients, doing well as well. So that’s kind of the mix, predominantly our home market.

But the American side is, growing faster at the moment. So we’d expect that to grow up. Probably not necessary to match the European business, but. But to come close to it.

Very cool. Let’s switch gears here. Let’s talk about GTM’s success story and failure story. And I’ll let you choose which one you want to start off with, but it’ll be good if you can cover both a success story. Mike.

Yes. So, let’s start with success because I think it’s always good to be positive at the start. we’ve got one client who, interestingly, actually, prior to my career in marketing, I worked as a technical support engineer for, And I won’t mention the client. People who know the industry will probably work out who they are. but I’ve known them a very, very long time. I’ve loved them. They’ve they’ve they’ve been a great, company. And one of the reasons is they’ve been super focused on the engineers they sell to. so they initially began their business, as a microcontroller business. That’s when they started really growing and they’ve really focused on the engineer. They’re one of the first people to bring really low cost, boards to allow people to develop, without having a high cost of entry. so they kind of position themselves as the engineer’s friend. very crude position, not the messaging they’re using at the moment, but literally they built their business around doing things that help engineers. 

And the more you look at it the more you think, yeah genuinely they’re not just saying this. This is actually what they do. and so, you know, the more they talk about it, the more they do it and it kind of, you know, builds. And so now they, they, they have a, an approach where they talk about total system solutions. and this company has grown, you know, I first worked for them. They were perhaps a couple of hundred million dollars. and now they’re, you know, approaching $10 billion globally, a huge company, I’ve grown through organic growth and acquisition, but everything’s around helping the engineer just develop their solution.

And they’ve they’ve got, you know, incredible support. You know, I would say probably the best support resources. and actually, from a marketing point of view, it’s fantastic because I’m talking to engineers about this company and the engineers love them already. The engineers know that this company is out there to support. The engineers know that you know, they understand how to upset engineers, have problems, and they try really hard to avoid it. And I think it’s a really interesting approach because, in most situations, semiconductors are primarily chosen by the design engineer. 

They’re not chosen by purchasing. Yeah. and they’ve really doubled down on, you know, let’s be the, the company that engineers want to work with. it’s given them some issues. So they’ve been linked with hobbyists, and they, you know, have a lot of hobbyists using their product because it’s easy to use because of the support. So that maybe hasn’t actually necessarily helped their brand with some big enterprise products. The reality is, is that, you know, they’re also huge and enterprise, you know, so it’s kind of I think competitors throw out, but it’s not really a valid criticism.

So for me, it’s great because you’re simply telling the story. You’re simply taking a story. That is absolutely the case. It’s what the company has built its strategy on, and you just have to tell it. And and it makes it easy. It makes it fun. you know, and you meet, you know, engineers at shows and they’ll talk about the brand and they love the brand. So to me, that’s super positive. It’s a brand that’s totally aligned its marketing messages with its strategy.

Yeah. I mean, what I love about this is a couple of things. One is it’s super hard to do quote-unquote marketing to any technical team or engineers for that matter. But at the same time, on the other side, engineers are human beings like all of us. They have the emotional aspect. And as anyone who does marketing and sales very well knows, you have to tell the end picture not about the technical aspects of the product or the services, but more on the end picture of where they land at if they were to use your product or services and your success story.

As I said, that point, Mike, which is at the end of the day, no matter what, even if it’s like a super, highly technical product, and if you’re selling to technical audiences like developers, you still have to focus on the brand and the messaging.

Absolutely. And I think that that high-level brand, the messaging, the strategy, they are super important is not just the product. And more and more I think, you know, customers are buying suppliers. They’re not buying products. Yeah. so they want to buy a supplier they can work with for a long time, they believe is going to support them. They believe it’s got the right product roadmaps. and I think that’s that’s something that, you know, in, in the industry has really changed. It used to be that customers would switch from product to product depending on what was best. You know, now that there’s much less of that happening, it’s much more about which is the supplier that I can rely on.

Fair enough. And I didn’t quite get it. Maybe you miss, you mentioned I missed that part, which is what were your engagements like. Was it around the brand? Was it messaging a PR, was it digital, or maybe all of these things? What were your specific engagement details?

So historically I’ve done everything from literally face to face, selling all the way through, with my different roles. but our main role with the client, and certainly, as an agency, in the first couple of decades, we’ve worked and we’ve worked with them for over 30 years as an agency. So, there’s been this incredibly strong relationship. but primarily through PR and media relations. And it’s around telling that story and it’s around, explaining, you know, why our client, you know, does what they do, and PR is great for that. I mean, PR is great for storytelling. you know, and going back to my, my lecturing, you know, you talk about endorsement.

Yeah. and having a journalist write a story about a brand that’s so much more credible than the brand. Just saying, you know, trust me, we’re really good. and so I think, you know, being able to get someone else to, to buy into that story and tell that story, you know, that’s great. And, and it’s not been smooth sailing that there’s been, you know, clearly issues with products, you know, problems with, delays, all the rest of everything that any technology company has. But I think what they’ve done is they’ve consistently been honest and they’ve consistently been focused on doing the thing that’s going to help the engineer. And so it’s really interesting when a company like that does have a problem. They’re forgiven more quickly because they’ve been consistent, you know, following, you know, their brand values. and everyone believes in it and they know that, that they can trust that company to put everything in to fix it.

Very cool. And is there like a specific PR campaign that you can share the details about?

I mean there’s been lots of PR campaigns that we’ve run.

You know, it’s it’s an interesting thing. I mean, one of the things, that, they always positioned themselves on was their microcontrollers were the easiest to use. Now, now, from a a purely technical point of view, if I was going to look at that I’d have to say actually no they’re not. Yeah. You know there are inconsistencies between families. There’s, there’s, you know different families doing different things in the same band. And certainly in the early days that was very true. less so now, to be fair, but in the early days it was not necessarily the easiest, but it was the most accessible product to use. So the absence, of course, that, the tools were free, the fact that tools ran on, you know, a low NPC. I remember one, one campaign I was involved in, it was to find the oldest PC that was being used to develop software for this microcontroller family. And literally the winner was this, this old IBM PC.

I think one of the original IBM pieces there was rusting. I mean, the case was rusting and that and they were still using it to develop. So, you know, I think that kind of thing, they’ve always had a bit of fun as well, which is, is nice, you know, that the oldest, the oldest PC. So I think that was really good. And they pushed this ease of use. And the reality was not technically these issues, but the most accessible, the easiest one to actually try and learn. And if you put the effort in, you could learn because there was lots of support. So lots of people learnt how to program these, these devices. And it meant that ultimately it didn’t really matter whether it was easier to use or not, because engineers, more engineers knew how to program these devices than anything else. so it was widely known, and widely understood. And so if you had a problem, you could ask someone, if you needed someone to do some work, you could find someone.

And I think that kind of very simplistic ease of use, whilst it wasn’t, you know, directly what they’re offering, it really encapsulated that. And it was it was almost like this was the easiest choice to make, because you were so unlikely to hit any problems because there were so many resources, people knew the entry cost was low, etc., etc.

Yeah, no, I can imagine that vision where it’s like an old rusting IBM PC and it still works and makes the engineer’s life easy. I’m hoping for our eye. I’m visually visualizing like a PR pickup art PR articles that was published, the visuals of the IBM PC.

Absolutely. So, you know, I mean, there was there was a serious message behind it, which was basically, you know, you don’t need high-performance, hardware. And, you know, there’s obviously that subconscious link between if you need a high performance PC to run the tools, then the development board you’re going to be using as expensive. So if you need a low-performance one, the development board is cheap, which is absolutely true at the time, and it created that link, but it also had a fun element to it as well, that that’s always important to try and find some of the more fun things that you can do.

You know, B2B is inherently overcautious. and, you know, we worked for a while with, with a company that made, fasteners that literally held wings on aircraft. Those guys can be cautious, right? I don’t want those guys to be having too much fun. but in the vast majority of cases, I think B2B is overly cautious and overly formal. and I think, you know, having a bit of fun, making people smile, you know, it works. You’ve got to pick the right time. You’ve got to pick the right campaign and the right products or the right markets. but for sure, I think there are opportunities to do that. And we’re seeing that start to happen more and more, which is, you know, I think that’s great. Brands that do it tend to win. And also, you know, I think that that agencies that work with those brands, you know, enjoy it. I mean, I’d love to work with Salesforce just for the fun cartoons, right?

You look at a SaaS company that has embraced, you know, those fun, cuddly cartoons. I think that’s great. And I think more and more brands should be doing that for sure.

And going to the GTM failure story. Which story would you like to share, Mike?

Yes, there’s been some hoping it is going to not be a failure story. but we work with clients that we love that have great technology that doesn’t always succeed. and it’s it’s a brutal truth of technology that sometimes the best products don’t succeed. and there are all sorts of reasons behind that. you know, anything from timing through to funding through to luck? All of those things can impact. and, we worked recently with a company that was developing, AI accelerators, you know, massive market. the reality is, is that there’s a huge number of AI accelerator companies, and they’re all fighting for a limited amount of funding and a very limited amount of revenue. Right. and you’ve got Nvidia at the top that is really creaming off the high performance, high margin, business.

So our client had focused on, you know, edge-based I so I out you know where your senses are. They’ve done things like, cashierless retail. So, they had customers that had shops where you just literally pick the stuff off the shelf and walk out. you know, that was a very big opportunity or perceived to be a very big opportunity, that they were very low power, very environmentally friendly, all the great things. So Nvidia, those cards are running, roasting hot. They’ve got hands-on to, you know, stop them. overheating. You know, you could literally just pick up and hold these AI accelerators and they were barely warm. so a different market, but amazing technology. The Cashierless retail thing has kind of died, you know, and Amazon has lost some enthusiasm for it. They were probably the standard bearers for that. and basically the funding at the moment we’re looking for another round of funding. so if anybody’s looking to fund an amazing startup? Just email me can put you in contact.

Those guys are great. I don’t think they did anything wrong. I think their technology was great. I think they probably have met. They had some product delays. I don’t think there’s many startups that don’t. So, you know, I don’t think there were any differences from anyone else. but it just feels like in a way, you can you can run these campaigns. And if you don’t get, you know, 1 or 2 big customers when you need them, which to some extent is luck, you know, that can be really disappointing. so we’re hoping they’re going to come back. They’re still, going, and they’re still working through on things. And, and I’m sure that, you know, either someone’s going to acquire the technology or they’ll, they’ll find some funding because it’s such powerful technology. It would be nice for me if they found funding. and they came back, so I think I think they were fun. they’re enjoyable. They had some amazing demos. And of course, that’s a great thing about AI.

You can have some really fabulous demos. but yeah, it’s it’s kind of frustrating that you feel you’ve done everything and it still wasn’t quite enough.

Yeah. I mean, PR matching with AI, which is the hottest thing right now in the you would imagine it’s a quote-unquote success. but to your point, I mean, there’s nothing like a failure. And, it’s the outcome. Maybe it’s not the right time yet for that outcome, for your client and what you’re hoping for. And, who knows, things might change. But that brings me to another question that I’ve been seeing of late. I mean, I’ve been hearing, about this lately with my console clients as well as the startup community over here, which is when and what is the right criteria? When is the right to a PR campaign for an early-stage startup?

So that’s a great question. and I think, you know, let’s talk about what we mean by PR, because again, you know, you mentioned my academic, but, you know, we talk about, you know, PR being managing the relations with your publics, which is the most awful expression I think I’ve ever heard but effectively, PR means basically, you know, building a relationship with your audience. so, the answer very simple is you should pretty much start PR as early as you’ve got something to talk about. I think a lot of people look at PR as being more media and, relations and social media. 

So actually, you know, the actual marketing communication side of PR. and even then, I think it’s important to start that when you’ve got something to talk about. we see more and more founders building personal brands. Right? and quite often that’s the first step in PR for a startup. The founder will start building a brand. They’ll start talking about, you know, what they’re doing. It might just be, you know, something that they’re doing on social media, and it might not necessarily be something that they’re doing through UN publications. Right. But I think that’s important to start. and people can start that without, you know, hiring agencies and spending loads of money and things like that.

They’ll probably make mistakes. but that’s fine. you know, I think one of the great things about social media is it’s this flow that just keeps going. and if you make a small mistake and these mistakes are realistically going to be small, it just flows by, and it might be painful for a day or two, but it’s gone, and, nobody’s worried. So I think startups should think about, you know, starting to have, some sort of PR presence as soon as they can. You know, I know some startups work in stealth mode. they don’t want to talk about, you know, what they’re doing until they’ve got something that’s at least an MVP. and that makes sense, you know, don’t don’t feel you’ve got to do PR when you’re in stealth mode. That’s crazy. But once you’ve got that MVP, you’ve got something to talk about. You know, start talking about it. The worst that can happen is someone can talk back and give you some information that’s going to tell you what your potential customers think.

Yeah. Very cool. And it’s so timely. It’s funny, that you mentioned this exact example of a stealth startup. And right as we speak, I’m working with founders of a stealth startup, and I’m helping them build, the founder, Russell Brand, on social media, exactly what he has shared right now. Mike. Yeah. So it’s a good validation of what you are saying and what you’re sharing, because PR for many people who are not in the good market or in the know, they think PR is press and nothing else, but then PR can mean so many other things. And a low-hanging fruit, especially for founders, is to start with the social media channel.

Absolutely is the easiest place for families to start, particularly if they’re they’re talking about something that’s technical that, you know, is going to need discussion. And the other thing to say is that, yes, at some point you want to get into the press, you want to, you know, get that broader coverage. It’s so much easier if you’ve built this personal brand.

Yeah. because, you know, the media are smart. You know, they know people who’ve actually tried putting their opinions out there, you know, maybe got burnt once or twice but learned from it and then much, much better. Spokespeople with the press., make fewer mistakes, which is great for the business, but they say more interesting things. and so to build that brand, for sure.

Fantastic. Thank you so much. That’s a great piece of advice right there. I think, just for people listening out there if you can just take this snippet like the last 2 or 5 minutes, that’s good advice in PR. Simple. coming to the final section of the show, which is like, which communities are resources or people do you lean on for really going up to speed, or bringing yourself up to speed, or staying on top of things in the go-to market space?

So this is a great question. I mean, the first place is there’s a couple of groups of agency owners, diverse agencies.

So, you know, nobody else in our space, nobody doing what we’re doing or in the same market. You know, we’ve got people doing consumer pay-per-click. you know, I know people running agencies that help brands get into China. Getting together with other agency owners for me is great because I’m talking to some of the smartest people in marketing. and I’m getting very different views. You know, the view from someone running, you know, a consumer Google search business is very different from the view I have. Yeah. and quite often they’re right and I’m wrong. So, you know, it’s really good to do that. That’s a great place. I read quite a bit, you know, which sounds like a real cop-out. but, around about six months ago, we actually started a book club within the agency. so a group of us actually going out and picking books and and, reading books. specifically to learn about different areas. And that’s great as well because it’s not me dictating it.

It’s actually people in the book group who are going, we want to learn about this. We want to learn about this. So, you know, somebody said, I really feel a bit weak on crisis communications. You know, let’s go find the book, and learn about crisis communications. you know, more recently, we’ve been talking about creativity. and we read Creativity Inc. That was the last book we read. so a very well-known book. You know, it’s not like we’re reading niche books nobody’s ever heard of. but we’ve read creativity. We had a great discussion about how we can improve creativity in the agency. Yeah. so I think that’s another great way to learn. And then, I mean, there’s so many websites, so many different places and to pick up information, you know, I, I do a lot of scanning of that. you know, I actually write for Martech. so that’s one of my favorite websites, because, you know, I feel I’ve got a relationship with them and, that works well.

So, it’s really, a mix of, of those sites and, frankly, a lot of it is search-driven, you know, that you want to find out about a particular topic, you know, search and, and, and sometimes generative, is the way to go to, to really educate yourself. I mean, one thing I would say, and I’m sure most people in this podcast do it anyway, generative AI has got a lot of downsides. There’s a lot of things where it actually doesn’t do that well, but explaining things it’s really good at. so if there are technical concepts or, you know, you want an explanation of what go-to-market is, I’m sure. ChatGPT is going to give a better explanation probably than I would.

Yeah. For sure.

I mean, all great resources. I mean, a combination of books, a combination of website AI resources, as well as community. You mentioned about the community of agencies. Is that like a formal community where you have meetups and events or it’s your people, you just dial and or email for advice?

It’s a great question.

So, one is actually a paid, community. So they run, weekly sessions. They bring in speakers. So it’s it’s a very formalized, organization. It’s great because, you know, in a way you’re paying. and so therefore, you know, you know, you can demand certain things. It’s, it’s a really effective thing. It’s an organization called Poly Mensa works very well for us. The other is a group of us that know each other that have a WhatsApp group.

Nice.

And we meet up, you know, maybe every quarter or so. but being able to ask questions and more importantly, to be able to see the questions other people are asking and learn from them. that that’s so valuable. and, you know, we recently met up, and we had a problem. We brought a problem in terms of trying to grow our sales and particularly trying to grow our sales within our existing clients. I’ve just got some fantastic ideas from other agencies. So I think, you know if I were to look back on my career and say, what was the biggest mistake I made in engineering when actually, it turned out, wasn’t a very good engineer?

It wasn’t jumping around based on the latest opportunity. Yeah. It was not building a network early enough. And I think, you know, younger people, and I’m sure there’s some people who are relatively new in that career listening to the podcast. You know, don’t be afraid to build a network. Don’t be afraid to build a network amongst a wide range of people, not just people in the organisation you work for outside. as well, because that will really serve you as you go forward.

Yeah. I mean, great piece of it. It’s almost like you’re leading into my final question, which is exactly what we just answered is what advice would you give to your younger self? And I doubly, doubly and endorse that view, Mike, I mean, this is an advice I would give myself to others is build relationships, build networks, don’t build anything for the sake of bragging rights. Or hey, I got hundreds or thousands of connections. Even ten sincere connections are very valuable.

Absolutely. And I think be aware that there’s different sorts of connections.

So, you know, if you build hundreds of connections, that’s great. I mean, that’s not well, but you don’t have strong relationships with those people. You know, you need an inner circle of people who can help you. and I think, you know, the other bit of advice I’d give myself is, is is try not to worry so much. and all through my career, you know, you’ve made decisions, whether it’s part of the role or whether it’s making career decisions and you think they’re going to be, you know, really major, impactful decisions that are going to, you know, impact what you do in ten years time. And the answer is probably they don’t. so I think actually, if I could have worried less about consequences of decisions, I think that have made more decisions, maybe not better decisions, but made more choices and hopefully that would have given me more opportunities.

Fantastic. Thank you so much for your time, Mike. Great conversation, great piece of advice, and a lot of insights.

And, yeah, good luck to you and the team at Napier.

That’s awesome. Thank you so much for having me on the podcast.

By delving deep into the nuances of your product, market intricacies, and understanding the needs of your customers, you pave the path to unparalleled success.

In this episode, Rabi Gupta, cofounder and CEO of EvaBot (Eva AI) delves into the intricacies of go-to-market (GTM) strategies. With a wealth of experience spanning consumer products, B2B sales, and enterprise solutions, Rabi Gupta shares invaluable insights gained from overcoming setbacks and seizing opportunities. 

He also sheds light on the different flavors of GTM and discusses the critical success factors essential for launching and scaling businesses in today’s competitive landscape.

Learn from Rabi Gupta’s triumphs in sales success, as he reveals the essential factors that drive GTM effectiveness, empowering entrepreneurs to overcome challenges and achieve their goals!

 

Tailoring GTM Strategies: 2x Founder Rabi Gupta on B2C, B2B2C and selling to enterprises

 

Let’s step back and address and look at a much bigger perspective and journey and question around. How do you view and define go to market?

Yeah, it’s, it’s very interesting, because I mean, I’ve had like, three different type of products in my life until now, 11 years of being an entrepreneur, the first product was more like a consumer product, which we sold, you know, it had like, 5 million monthly active users in India back in like 2011, 2012. Then I had my second company, which was a, which is still what I’m doing. But it’s like the third product, like it’s another product in the company. The first product we had was more like AI for corporate gifts. And there, we started more as a viral product product lead growth. But there we learned a lot about, you know, b2b marketing. From there, you know, we started getting into sales processes, so build like mid market sales motion. And then from there, we start getting inbound into enterprises. So I started getting into enterprise motion. And, you know, in the last one, one and half years when things got really, really tough for salespeople, and for a lot of sass companies, including ours, and then, you know, this, this new ray of hope, which was like AI came into picture, we started building a new product. 

Because we were trying to sell to enterprises in a very tough market, we learned a lot of things like learned a lot of challenges that sales teams actually face. And then when this new AI came out, we realised that there are a lot of interesting ways in which some of those fundamental problems could be solved. And so our journey has been like, right through from consumer to like, you know, in a b2b to see and then from there, actually getting to b2b. So, I’ve seen a lot in terms of GTM.

Yeah, now, that’s what is unique about your background, you’ve seen b2c, you’ve seen b2b, b2c, and you’re seeing now you’re doing like b2b. So what do you think are the different flavors? I mean, have you found like, Hey, this is how and what I believe is go to market? And how are you helping shape your company and team around that?

Yeah. So again, like for different types of products, go to market can look completely different. You know, if you if you are in a consumer space, then you have to, of course, look at some sort of virality, and, or social, you know, things in the product that automatically help you grow, because, you know, paying Google and Facebook to help you grow is not sustainable at all in consumer space. So there needs to be some sort of either partnership. So just one example like, when we were doing a couch app in India, we built a very cool feature, where, you know, as you know, it had like, a lot of chat rooms, for people who are watching TV shows, right? So we had, we used to generate a ton of content around those TV shows and all of that. So then we went on and partnered with, like, these TV channels, which used to show that content as a ticker on TV when the show was live. And that gave us a lot of organic users, right? So things like that you have to think about when you’re in consumer space. When you do b2b to see because we came from a consumer space, we had a lot of ideas about, you know, how do you build a motion that kind of gives you virality in the product, right? So we did that and you know, so when we build this AI for corporate gifts, we try to create such a unique experience. 

In the gifting process, the person who received the gift remembered us even after like, three, four or five years, I remember the experience. So that gave us a ton of, you know, fortune 500 customers, right? For example, we started with real estate. And in real estate, you know, real estate agents are sending gifts to all these people who are buying houses, right. And all these people who are buying houses are working for some good company, right? And so we got Microsoft from there, because one person worked at Microsoft, he told his assistant, his assistant then called us and then, you know, we Microsoft became like, 100k account right for us. So things like that happened in that space. But then so so when you’re doing a product, lead growth, things like that is very important that you know, every person who is experiencing your product, they should really like it and have a very unique experience and talk about it and helps you expand.

Right!

Then the final frontier is actually enterprise sales, where you just do like outbound right, and you have to try to convince people and that is completely different than every other thing right? There, what we have learned is, you know, it’s all about building trust. I mean, a good product always helps, you can never win without a good product. So a differentiated product, a great product that solves a particular pain point is always helpful. But on top of it, you also have to do a lot of these relationship building things, you know, building trust, and then you have to be more patient, right? Things don’t close in like a day. Yeah, that’s the biggest challenge. 

For sure. I think, if I had to summarize, I mean, clearly, I won’t do justice. But the way you articulated actually told a chair Dr. GTM experiences across b2c, b2b, b2c and b2b. I think the common thread if I had to summarize is one is definitely you need to have a good product slash service that consumers or customers love, the users love that that’s one thing, and it should make the life easier. You did also touch upon one point, Rabi, which is to focus on one thing, one problem and then do it well, that leads to building the virality aspect. And then in terms of like growth, how can you now network/multiplier effect growth, and especially in organic and consumer, the example that he used of sharing user generated content with the TV channels? Right, all these are clearly unique aspects across like product, marketing, revenue, customer services, and eventually tying it to the problem with a specific user. 

That’s correct. Yeah. Yeah. 

Fantastic. So I’m actually eager and excited now all the more not that I was not but even more given your varied experiences. So let’s take a step back now, Rabi , and then why don’t you share with our listeners your career story? You’ve done your undergrad at BIT in Ranchi. Is that right? 

So BIT, this college is in Meerut. Okay? Yeah, it’s not BITS, BITS is different. So this is BIT in Meerut, I studied there. Luckily, I have two very good friends who then became my co-founders from college. So yeah, I mean, like a lot of great things happened there. And then after college, I worked at Wipro technologies for like, two and a half years. But during our college, we had a senior who was very involved with entrepreneurship. And we used to like, you know, just be very curious about like, both me and my other co-founder Satwick was with me, we both used to be very curious about like what is this like what is entrepreneurship and like? So he went to IT Bombay. At that time, IT Bombay started this Eureka business competition and he won a five lakh rupees prize and we were so amazed by all of that.

And so both me and Satwick, we wanted to build a company but after college, we just started working right. But two, two and a half years, I was like, No, I really want to do something. And because 2008-2009 was the time when the internet was really the internet, startups like Flipkart and all those guys were picking up right so there was some ecosystem getting built with some angel investors and all of that was happening right. So then we decided to just jump on at that point Satwick didn’t join but my other friend from college Ashish, both he and I like we both started this company. And then we raised some series like some small funding from Morpheus accelerator, raised some angel round, you know that Rajan Anandon like who right now works at Sequoia India. So we did, we did all of that and we built the product to like 5 million active users profitability. It was like a very hard journey. I mean, because like, it was a very young ecosystem. So everything was hard hit getting the right people. 

And you’re referring to the I-coach app at this point, right? At this point?

Yeah. Anyways, we did it for like four or five years, then eventually sold it to another company called Video Li, which was trying to expand into OTT space. And during that time, we were building on other video apps. And some of my friends told me to go and visit Silicon Valley. And I was like, Okay, I have a US visa, because that was the one thing that we provided for me was getting a US visa. Yeah. So I just came here. And I, as soon as I landed, I just loved this place. I was like, Oh my God, I didn’t even know that a place like this exists in the world. And I was like, I want to live here. Right? So. So what I did, like, I struggled, like for six, seven months stayed at Airbnb, we were building some apps at that time. But I was meeting a lot of people. And I wrote a blog post about my whole journey of moving to Silicon Valley on a business visa, and trying multiple things that got some views that got picked up by your story and other other publications. And then somehow, like, you know, few angels actually contacted me like, hey, you know, let’s catch up. 

So I met these angel investors, and like, I was able to raise 100k. And they just invested in me like, and there was like, really surprising about Silicon Valley. They were like, I don’t know what you’re doing, whether it will work or not, but I like you. So I will just invest 50k. I said, Wait, so, so I got 100k. And I’m like, okay, 100k is good enough to get started in India. Right. So I went back, built this small team, with my same co-founder, but then, at this time, Satwick, also joined me who was working at Hotstar at that time. And then like the three of us thought, you know, let’s start a new company. So then I in Satwick, we both came to us, again on business visa. And we thought, you know, what could we build? So one of the ideas was, hey, you know, let’s build something in gifting because we don’t have a relationship or network here. And the fastest way to build a network is to give someone something.

Oh, wow. Okay. 

We had a very weird idea. And then we thought, okay, we are both very bad at gifting. So how can we make the experience cool, right? Can we make it very simple? Yeah. And so we came up with this idea of Chatbot. Because during 2016-2017, chatbots were very popular. So we built a chatbot that used to ask questions from people and collect their data. And we made it very emotionally intelligent. So for example, if we just met, after meeting, I’ll send you a link. And I’ll say that hey, you know, thank you for the meeting. I just want to gift you something small. Just chat with this spot to get your gift. We realized that kind of, first of all, creates curiosity, right creates curiosity in the gift receivers mind. 

And second of all, they were able to share all the details, because it was not an awkward conversation. Right? If I asked you right now, I want to give you a gift, like tell me something about you. It’s very awkward, right? So the bot used to ask all the questions like Do you have kids? Do you like wine? Do you like coffee? Like what type of coffee you like us to ask all the questions. And we had a 99.9% chat completion rate. So that thing started picking up really fast, because if I send you a gift like that, you like the experience, and you’re like, hey, I want to use it for my team, I want to use it for me. 

And that’s how it started growing. But then when we started doing sales, we picked like an industry we first picked real estate and mortgage because we saw very repeat behaviour there that every time there is a closing, they want to send a closing gift. Yeah. So it started picking up really well in real estate and mortgage and then through virality, we got into Microsoft, Cigna, like a lot of these big companies that are customers.

Yeah, so actually quite a few nuggets over there. I can dive into many of those points. But one thing I want to get your thoughts on is how did you nail on real estate and mortgage or real estate? Audience? 

Yeah, so by that time, we had raised money from Bloomberg Beta, Precursor Ventures and, and you know, they are like very smart people, right? So they were telling us that, hey, you know, BLG is good, but you’re doing it in a very generalized way. You have to pick a vertical and grow really deep in that vertical. So of course, it was growing randomly where there was no focused path to growth, right. So they told us to do that. And then we started exploring, okay, what are the areas where we can go and because we didn’t come from a sales background, we knew that we cannot do door to door sales or like in person sales, right? So, Satvik had some experience with marketing. So we thought, let’s put ads on Facebook and see which industries like this idea, right? And when we started doing that naturally, we saw more and more real estate people coming in through ads. And then we thought, like, why are they coming in, then we because we didn’t understand the real estate context in the US, right? 

Then like, our investors told us, oh, real estate agents, they, whenever they close a house, they want to send a gift. And I was like, Okay, that’s cool that there is a repeat behavior. So that’s how we picked that and what happened was because real estate agents were also sending gifts to their mortgage friends, for referrals, right. From there, it started going into mortgage as well. And in August, then we saw that there are a lot of big companies like Guild Mortgage, you know, loan depot, fair mortgage. So, we started getting, then we started selling into mortgages, right. So from pure marketing, it started becoming more of a sales motion. In mortgage. That’s how we got into the mortgage. Yeah.

Got it. Yeah. So that was during what? 2017,18, 19 till COVID time? 

Yeah, after COVID. So during COVID, we started doing the sales motion in mortgage. It scaled really fast at that time. On the back of it, we raised our Series A.

Got it. Okay, and, but that was not. So that was VZ. That was a gifting. Evabot. Yeah. 

VZ, was more like, you know, a company name that we then later changed to Evabot

Got it. So it was Evabot, and then you had to pivot. After that.

We pivoted Yeah, in the last one and one and a half years. So the gifting side was going well. But as soon as this, like the tech recession, and the ZURB era ended, first of all mortgages got a huge hit mortgage and real estate. So our revenue started dipping there because it was mostly usage revenue. The more you pay, the subscription was only 20%. So that was one reason. The other was all the big companies we were already targeting like Microsoft, you know, Cigna, they all had some sort of budget cuts or budget free fees, right? So we realize that, you know, it’s nice to have business, right? When the times are good, it will come back again. So, either you wait it out, or you build something new. And because in a startup, you always want to keep growing you don’t you never like.

Right. 

And there was this new AI. So both things combined, right like that. Okay, there’s a new opportunity as well. So we are trying to sell to mid market enterprises, we are seeing a lot of challenges. So we have an understanding about the problems in this space. Yeah, that kind of gave us good enough confidence to build something in this space.

Fantastic. And then, depending on comfort level, like what revenue point did you have to pivot? What were you clearly starting from zero to x number of dollars? 

Yeah. So with the gifting business, we crossed $10 million in total revenue, it was doing between four to $5 million in revenue, when we raised our Series A, it got to like almost half at this point, like it is still like the organic customers are still using it, but it is it is half of that. So we realized it as soon as it started dropping down. And like in the past one, one and half years, it’s more like starting up again.

Right. Right. And then something else that caught my attention, right? I mean, it goes back to having a good set of angel investors to always guide you and have faith in you. So going back to your point, when you came to Silicon Valley for the first time, people were just coming, reaching out and saying, Hey, I invest in you. Right. And that is a testament to the success you had with Ico chap. If you didn’t have that no one would reach out to you.

For that, that was one part. The other part was, of course, you know, when you meet you share your ideas and like with angels and like early seed stage investors, of course, because I had done one startup like I had some wisdom. And I did not like making rookie mistakes. So that helps. But yeah, I mean, yeah, if you have done one startup and you have failed miserably, that’s also a great thing to get started again!

For sure. And then the other point, the reason why I asked in terms of how you identified and arrived at mortgage, right, I think you also mentioned about Bloomberg, 1 of your investors or advisor, so, so my Uber point, Rabi is having good set of investors and advisors is really key in terms of when you’re facing a roadblock, or you’re hitting a wall or you don’t know what to do. And that’s my thought process, or that’s what is my takeaway, what would you say to that?

So two points. One is, you know, first of all, investors should be supportive. Right? Yeah, that is always like, number one. And, you know, we are fortunate that, you know, 99% of them are, especially during tough times, I mean, like, good times, everyone is happy. Sure. Yep. The second point is, yes, investors can definitely, you know, really help so, so, you know, we keep them updated, like, if not every month, because, you know, if things are hard, then you try to keep them updated every quarter, right? And you try to meet with them every once in a while. And like, try to, you know, share the problems and get some insights, also your board, in our case, Comcast is on board. So the board should also be pretty supportive of whatever you’re doing. I think that gives you the space to experimentation and make mistakes. And yeah, but sometimes, if you’re stuck with an investor who has, who is very opinionated, and also kind of controls the board, then it can become very hard. For sure. Yeah.

So switching on a lighter note, what does your family think about what you do? How do they describe you? Or how would they describe you, either your kids or wife or parents? How would they describe you? Your varied journey throughout?

Oh, that’s a very interesting question. I think I always try to be thoughtful about everything. So yeah, for me, you know, everything is important, like my friends, like family, work. So I try to give time to everyone. Like, luckily, my friends are also working with me. So you know, kind of that, you know, the world takes care of that as well. Sometimes. For family, as you know, in the US, you have very little support so my parents.. My mom is in India. So yeah, I mean, like, you have to then spend time with your kids and wife because there is no other option. 

How would your kids describe what they think that you do for a living? Your kids? 

Oh, my kid is just three years old. So he doesn’t know. He just knows that. Whatever I tell this guy he will do. 

I got it. Very cool. All right. 

So let’s go back to what you do today at Evabot. So why don’t you explain or just share a quick overview of who you serve? And who are your customers? And why are they buying your service and products?

Yeah, so, as I said, like, when we, when we started pivoting to this new product, of course, it was more like starting from zero, right, like, So, you have to do all the basic things, right, like, have an idea and then validate the idea, then kind of build something, talk to potential customers learn from them. So all of this takes time. So in the past, I would say six to nine months, we learned a lot about, you know, specific challenges that for example, our ICP is biz dev people like BDR, SDRs, AES right. So, we are sending to their head like VP of sales or head of biz dev or CRO, what we have learned is that most of the products in the market today try to sell tricks to salespeople that seem like, don’t worry about fundamentals, follow these tricks, you will get some leads. 

So everyone is just focused on tricks plus leads and like what are these tricks tricks are more like, oh, this person changed jobs, right? And send this person a wine and then ask this person to give you a meeting, right? It has nothing to do with whether this person is your right ICP, right? Actually need your solution? Nothing, right? The other trick can be, you know, this person, these people are hiring STRS. Now, okay, like, if I’m hiring SDR, that could mean 1 million things, right? That doesn’t mean like 1 million companies should now start reaching out to me, right? So all these things, basically, if you see, and then in the sales process itself, when the SDRs are BDR, they are reaching out to potential customers, they are talking very surface level things, right. And again, like following trying to follow tricks. For example, if you’re writing an email the trick is that the email should be as short as possible. Now, sometimes the emails are so short that they lose meaning. They don’t care, right? So basically, what we realized was at the end of the day, what is a really good sale process, right? Looks like it, right? So if you look at top 0.1 person salespeople, they do all the fundamentals, right? 

Right. 

So, instead of sending 1000 emails, they will say, I will send 100, very educated or informed emails, so that my conversion rate is higher, right? They will try to learn everything about the account, they are trying to reach out everything about the prospects they are trying to reach out, right. And I agree, this is a very hard process. So not everyone is built to do one point. We realize that LLM is more than the generation capability generative AI capability, right? The biggest capabilities they have is reasoning ability, and also coding ability, right? All these all these? What do you call that? Emerging behavior? elements. So we realize, let’s look at the emerging behavior, like reasoning capability, for example, analyzing tons of data, right? Just to give you an example, if you’re an SDR or an AE, if I could look at all the accounts you’re trying to reach out and look at their 10k reports earnings call news, right? 

Look at who are the prospects you’re trying to reach out look at their LinkedIn profile, the college they went to their experience everything right, and then crystallize the information, make it relevant to what you do as a as a company, make that as is relevant to you and then give you in a very snackable format that you can read and understand about the company. So instead of looking at a 130 page 10k report you just read three paragraphs relevant to your company that is today possible using the LLMs. So we thought that this is a fundamental thing to solve. If you solve the fundamental problems then eventually people would understand and buy.

Yeah!

So that’s how we started building on this idea.

Got it. So essentially, you’re trying to first of all, make the sales people, the outreach process more relationship oriented versus just follow these tactics blindly. 123 tactics that’s one thing. The second is you also make it easy for them to get the information that is irrelevant to build a relationship. Is that a fair summary? 

Correct! And when you do that you’re not doing anything, which is fundamentally incorrect, for example, it’s not cheating, right? If I give you the right information for a particular account and a person, the only thing I am doing is saving you time. I am not saying that let me do the let AI i do the outreach on your behalf, that would be cheating, right? So I’m telling you that, you know, you spent two hours doing this research. I can reduce it to two clicks, and then you have the same information that is more relevant. 

Yeah. Very cool. So this is super helpful. Clearly, the way you’re thinking about GTM, in terms of how you do the pivot, how you think about the ICP is what is the pain point and what is not the pain point and the value prop. All of those have clearly come from your vast knowledge of GDM success and decay and failure stories throughout. So why don’t you share with the listeners both a GTM success story and a GTM failure story? I’ll let you pick which one you’re gonna go with. But because it’s up to you, yeah,

I would say we’re like 99% of the GPM failure stories and maybe 1% of success.

But the 99% is actually powering that one person to a larger scale.

Yeah, failure is important. Correct. So GTL’s failure story would be, in a way, in our previous company, what we feel like the previous product, I would say, with EvaBot, but the gifting product, because it was mostly driven by product lead growth. It’s very hard to build relationships in those cases, right? So those businesses face harder times when, when the need for the product or the budget cuts and all those things happen, right? But if your hypothesis is if you build a more relationship driven sales process, like Oracle or Salesforce, right. And if the times are tough, they will try to sell some other things to you, right? Because the product is just, I mean, just one additional thing they are selling what they’re basically selling is the relationship. So I think relationship driven sales is the ultimate winner in any market. Once you’re able to do that, then you can just, of course, not sell bad products. But if you combine that with a great product, then that is a more sustainable strategy. 

Yeah, for sure. And going back to your journey, I mean, if we look at I-coach app, even though on surface, it has nothing to do with relationship, but if you see, for those who take it to the next level, they’ll see that it’s essentially helping build is helping the TV brands and the TV content producers build relationships with their users through UGC. 

Yeah, that’s correct. Yep. Yeah!

And same thing with a gifting can Oh, you’re doing it with Evabot, where it’s all about relationships. So if I have to capture your mantra, your unique value prop as a team, it’s about solving the relationship problems in different cases.

That’s true. And one other very interesting thing I recently realized is in all my companies, we actually worked on recommendations. So everywhere, it was all about, okay, you watch so many TV shows, let me filter out the best TV shows and give it to you. And then you know, you have so many ways to get a gift. But let me filter it out and get the perfect gift for you. And now we are doing it, you know, for sales in a way that you know, let me filter out the right information and give it to you.

Pretty cool. So, curious, how big is your team at you right now?

We were close to 23 People like 22-23 Yeah.

Okay. And so as a founder, because you’ve done so many go to market motions, I’m just curious and want to get your view of how do you view or what do you think is the role of Product Marketing overall in go to market?

Yeah, that’s very interesting. We recently hired a product marketing person, he is a good friend, he has been an entrepreneur. And I didn’t hire anyone in Product Marketing, because I know that it’s a very hard role to fill. And it’s, you need to have, you need a variety of skills, you need to have a deep understanding of technology products, and then you should fundamentally understand how do you market your product? Right. So we recently hired him and we are learning from him a lot. But yeah, the one thing I’ve learned is product marketing, again, like as the name suggests, it starts with the product. It doesn’t start with marketing. So like 99% of the people. We’ll see that there’s no product marketing. As soon as you reach out to them, they’re like, Oh, I will not write content for that. We have content writers, I will do ads, I’m like, That’s not product marketing.

Yeah. So what prompted you to reach out and hire a product marketer in the first place? Why does it take so long?

So yeah, again, comes from the failures that we have seen, right? So we realize that at EvaBot, the first product or around gifting, we did a very poor job of branding and marketing. And that is why you know, when you have BLG, it kind of kind of, you know, saves you from all the other mistakes you’re doing, right, including, not building a very strong brand and all of that. But when you’re doing sales, you know that people should hear about you and should know about you somehow, so that when you’re reaching out, they already kind of know your brand. And so we knew that there’s a major gap. 

And we had a lot of ideas, me and my other co-founders, but when we had other things we could never execute. So I think we always knew that the gap existed. And if we couldn’t, if we wouldn’t have found the product marketing person, we just found that gap might have still been there. So we are trying to fill the gap. And it’s, we see the benefits of it for sure. 

And what the reason why I’m asking this, Rabi is I’ve seen quite a few founders make that mistake. I also see like, Chief Product officers, or even chief market officers make the mistake of not hiring Product Marketing early on. So what is your advice to them in terms of having a product market? Or, like, what do you see are like the checklists or guiding guideposts about what they need to look out for and when they need to hire a product market? 

Yeah, so once you have a good product, of course, you know, you build the product by talking to your customers, like, at least not by talking to everybody, at least have them around when you’re building your product, so that you’re not building in blind, right? So one is that once you have the product, then the thing is okay, if some people like it, right. And if you say you’re selling to any community, say we sell to a sales community, you might be set into the IT community, and it can be anything, right. So depending upon the persona and where they go, for example, our persona goes to LinkedIn, right, and they are on LinkedIn most of the time. So you have to have a very strong presence on LinkedIn, and like thought leadership in that. So once you have a product that you kind of feel that people will see value, but now you just need to reach out to a lot more people. At that point. As you’re doing sales or marketing, you should start thinking about product marketing. 

So why did you hire? Why wouldn’t you recommend a brand or a content or demanded person? What is unique about the product market?

That’s very interesting, so we have done all of this, right? Because when you raise money, you basically try to just hire people, and you make a bunch of mistakes. We made a bunch of mistakes, whoever we hired, we then had to fire 90% of the people. And it’s not on them. It’s basically on us because we we we didn’t we didn’t realize who we needed to hire first. We hired head of marketing, we hired marketing people, we hired Head of Content content people, like we didn’t realize that they can help and then scale. A solution, a scale up process that is already working. 

Correct. 

They cannot build the process to build the process. You again need an entrepreneurial mindset, right? You need someone who will say that what you’re doing doesn’t, for example, the new product marketing person, he said that, Oh, you don’t need to hire anyone. I will first build the motion, do everything. And when I can’t scale myself, then I’ll ask you to hire the right people. So that is the right way, right? You need to find the right person who understands how the product works, and then understand where these communities go and then start building relationships. And then you can scale that process. 

Yeah, I mean, the way I’ve seen this work, and I’ve seen this personally on my side as an employee, as well as with my other clients, to your point is you the first marketing hire once you have a product that has some traction, the first marketing hire should ideally be someone who’s Senior who can do it independently, but who is essentially a product marketer, who can do multiple things, who can think brand who can think go to market strategy who can think demand, all of these things, positioning messaging, channels, content, all of these partnerships and then to point once that person reaches a stage where, hey, I think we have tractions in ABC but beyond this, I cannot scale myself, I’ll be the bottleneck, then hire the next function. Maybe

it’s demand, maybe it’s brand, maybe it’s content, depending on the gaps. 

That’s true. Yeah. By the first time I realized marketing is a very, very different type of role than any other role.

Correct. Now, this is super good. I mean, I’m actually glad I don’t know what came to my mind to ask this question. But I’m actually creating what I’m calling as champions of Product Marketing, you will definitely be one of them, I’ll showcase you on the webpage. Seeing other CEOs and even CROs realizing this, the role of Product Marketing and when to hire product marketing. Right. Thank you for sharing that advice. And hopefully, that’ll help save the trouble and mistakes for other founders in their go to market journey. Yep, that’s quick. I know we’re wrapping up almost like 5-10 minutes against the time. I know you have other things that are easy to take care of, as well, Rabi. So switching gears, by the way, I didn’t I didn’t cut you off, where you did share, go to market failure story, but not a go to market success story.

Yeah, I mean, for us to go to market success. Small wins, right? Like yesterday, we had a win. So today’s a great day. But yeah, go to market successes. I think I and my other co-founders always believe in doing fundamental things and be happy about it. Versus again, like trying to find tactics to do it. So I think that more than more than success stories, it’s more about more, it’s more about you know, you have to spend time, right? Like, everything takes time. So if you’re doing anything, which is fundamentally right, it will take some time. So we knew that, you know, okay, this new product will take time, but eventually it will happen. And we had to learn a bunch of things like should we do free pilot? Should we not do pilots? So we tried with three pilots and it didn’t work, then we removed the pilot? And then And then yeah, eventually we are at a stage with this new product where people are buying. 

Very cool. And are you comfortable sharing the revenue range with this pivot?

With this pivot? I mean, it’s, I can share, but it’s like, it’s more like, you know, a seed stage company again.

Fair enough. Yeah. No, it goes back to the Uber point, which is, eventually investors bet on founders who can pivot. They don’t bet on products. I mean, if they have the right founders, founders will always figure out how to make it work and pivot. And, and that’s a testament to you, that is exactly what you did. Right? And that’s a testament to you and your team. So I’m thrilled and super happy for you guys. So the other pieces are like, what resources do you lean on? When it comes to really understanding go to market like best practices? What’s working? What’s not working? In your case? You didn’t mention tactics, but the bad tactics for sales? So what resource do you lean on to improve your go to market thought process? 

Yeah. So as we started learning more about enterprise sales and bear market sales, we first of all, we do have a very good advisor on sales. Like she has a lot of experience. So one is that if you don’t have the experience yourself, have someone as an advisor or consultant right. Now, who gives you tips like, how are you reading calls? How are you asking questions, like all those things, right? discovery calls, discovery questions, all of that. But the second thing is, we look at like a lot of these influences on LinkedIn, we have really good content. So there are two types of influences on LinkedIn. Right? One, again, will use tactics. Other ones will write very thoughtful posts, right? So we follow those people who write thoughtful posts, and we try to get their content. So sometimes that content is paid, for example, I think there’s some p club. 

Right. 

So that content is pretty good. 

Chris. Chris. 

Yeah. 

He’s amazing. 

Yeah. So we try to learn from all these sources. And then YouTube, you don’t find a lot in terms of open information. Yeah, I think that’s what especially for this, this new GTM that’s, that’s where we are learning from and then by the way, the other thing which I would highly rate is having some potential customers but as advisors, so that, hey, no strings attached. You don’t have to buy my solution. Just be on my side. give me feedback every two weeks or every month. And we have like three or four people like that, who are their top sales leaders. But then, you know, they just give unbiased feedback on the product and our GTM.

What is in it for them? Why will they sign up? Even though they’re not buying anything? 

So sometimes, you know, you can offer from your side. See all I always offer either advisory equity or some cash component because I know that it’s their time. But then if you, you should not attach it to the point that, hey, you have to eventually get your buying team to purchase it, because then it becomes more biased!

Or it’s very transactional against the ethics of relationship building.

Correct. So it’s like, okay, we value your time, we’ll give you either equity or cash. But then you just give unbiased feedback. If at any point you feel that your team can benefit, then let’s talk. 

Pretty cool!  And then, the final question to you is, what advice would you give to your younger self if you were to go back, go back in time and start day one of your GTM Journey? 

Oh wow! Yeah, I would definitely do the product marketing thing more earlier. That is for sure. Yeah, the other thing is.

By the way, I didn’t endorse or prompt you in saying this. It came from you!

Definitely. The other thing we would do is yeah, try multiple things like when the product is early, right, like when you’re just launched, you feel that the product is a must have, right you by default thing. So a product becomes a must have when customers are ready to pay for it. Right. Before that, and especially in tough markets and easy markets, everything was must have, right, like people were just buying all the tools. In a tough market, I think when someone says I’m ready to pay for it, that means you have that must have or you have reached that tipping point. So before that, I think we did less experiments, I think we should be doing more experiments to get to that point quickly than data.

Yeah. Very good piece of advice. Yeah. And that’s something that I’m reminding myself as well and trying to get myself to do, which is to experimenting in terms of positioning messaging with channels, which ICP, what is written, anything, what is not, to your point? It’s an ongoing cycle. I mean, as a founder, you will realize that whatever got you from zero to one will be different from what will get you from one to five, one to 10, five to 10, and so on. So that experimenting mindset has to be there. Maybe at a later point, once you get to the 20-50 to 100 million mark. Rabi, I would love to have you on the show again, and ask you around how you’re building the experimenting culture in your team once you have like 200-500 people employees?

Yeah, you’re making sure that I don’t repeat my mistake, right?

Yes, for sure. 

Growing your startup is not as easy as it sounds. 

In this episode, Canberk Beker, former corporate lawyer, founder, and now, Head of Growth at HockeyStack, shares the pivotal moments and strategies that shaped his success. 

Learn how to switch from a broad approach to a specialized product focus, the importance of understanding your Addressable Market, and Ideal Customer Profile for effective brand positioning, and his unique approach to decision-making by balancing data and intuition.

Join us in this episode to learn how to go from idea to scaling!

Tell us more about how you think about go to market like what is in your viewpoint and your perspective approach of how you view and define go to market.

So I think go to market should be considered like a baking polish. When you think of baking powder alone, it means that you cannot eat it, you cannot drink it. Basically, it is nothing. But if you combine it with the right ingredients, like egg with millet with foot flour, you can bake a great cake and go to market, I think this needs to be considered all together with product sales, and marketing. And if you don’t consciously go to market with other elements, and if you think go to market buy stuff is alone. I think that’s a huge mistake. So for me go to market is the combination of the harmony of sales, marketing, and product working together. 

Oh, I love your analogy. You talked about baking. And yes, baking. I mean, all the ingredients by itself don’t mean much or may not mean much. But when it comes together in the right formula right here, the right mix, and the right ingredients, you get a lovely cake, banana bread, or anything that for that matter, right? So I like that I’m gonna agree with you that it’s all of these things working in harmony. And that end product is the beautiful side effect of a go-to-market motion.

Definitely. And in my next analogy, I will be using banana bread. This is way better than normal cake.

Yeah, the reason why is banana bread is my son is into baking. He’s like he’s actually 14 years old. And he’s into baking. And folks come in his banana bread baking ability. So that’s what came to mind when he said baking. analogy. Right? Pretty good. So with that, let’s step back, big picture. Walk us through your career journey and growth and what caused you to go down this path in the first place.

I think it was mostly a coincidence. To be fair, I was a lawyer. I was a corporate lawyer. And I was working with startups actually. And I was doing all of this due diligence stuff, all of this financial stuff. And it was just boring. I hate my life. And while I was working with startup people, I was like I was seeing them and I was like, okay, these people are having fun. These people actually love what they do. And I thought to myself, Okay, I’m still in my early 20s. Let me actually quit lawyering and find myself a job. And obviously, it was not easy. Like maybe I sent like over 100 applications, and I didn’t even get one response. And I was applying for all of these entry-level positions. I was applying for all of these unpaid internship positions, but there was nothing. And then I met with someone who was actually a management consultant in McKinsey. And he recently left his job there and joined a company called Cleanzy as the head of growth and he was the king, a sidekick. To be fair, like, literally he was just looking for someone who would be helping him. And he said, Do you want a job? I said, Yeah, sure, why not? And he was hired as gross. ticket back then.

I made it for my guest to share the entire story. But this is really interesting, a lawyer who got really bored with his last job, I get that. And you met someone from McKinsey. And what is the context? I mean, what is the conversation outreach like?

So one of the law firms that I was working with, I had a colleague, and her boyfriend was working at McKinsey. And then she introduced me to him while he was a consultant, and it was just, you know, hello, and Hello, yeah. Then a year later, I was speaking with her again, since we were both lawyers. And I told her about how unhappy I was and how I was looking for a new job. And she was like, you know, what, my boyfriend now is working in this company. And he’s actually looking to hire someone else. Okay, can we meet? We met again, and he was like, okay, but you need to have an interview. And I had an interview with the founders. And it was like a seed stage startup, you know, like 20 people and the founder basically is doing entity everything. And the startup itself was like Uber for the clinic, a b2c company, basically, matching people with cleaners. Yeah. And literally, I had no knowledge about startups, I had no knowledge about anything. So we hit the interview. And it was the worst interview in my entire life. Like, I did not know any of the answers. He was asking me how to grow a company, he was just gonna have to expand, expand to a new country, and I was just boosting. But after that, they were like, do you really want the job? Sad, I do really want the job. And the salary. It was like, 3x, lower than what I wasn’t making as a lawyer. But I said, you know, what if I’m not going to take the chance right now when I’m gonna take the chance? And that’s how I ended up being a growth hacker. And almost, I almost had no idea what growth hacker meant. Then I read a couple of books before I started the company, which was built scaling by Reed Hoffman, and lean startup, the 101 Startup. And actually, those books were really helpful for me to understand, okay, what I was going into, and then I basically applied that mindset to my entire life.

Very, very cool. Yeah, I mean, so many thought processes and so many questions come to my mind, right? I mean, kudos to you to be almost sure that you definitely want to get out of the legal profession, that’s one thing. But that’s relatively the easier decision compared to okay, if not law, what else? And then you gravitated towards growth. And you had the audacity and humility to take a low-paying job going down the pay scale? Because you believe in that path? 

It was definitely like the it was more like, I knew what I didn’t want to do. But I had no idea what I wanted to do. And I was like, Okay, I might be good at it. But also, there’s a high chance that I might not be. But I hate to take the chance. And I’m so glad that I did.

Right. And and really lucky that your first startup gig actually panned out? Well, I mean, you were there for one year, three months. So what are the learning curves? Or what were you doing there in that role?

Basically, everything. And that’s actually what I loved about startups. And that’s what I loved about growth because writing about the term, the traditional work, so you could end up doing everything. And as I said, it was a cleaning company, and writing about the cleaning company structure, there’s always a problem. You will let someone in and everyone has a different idea of what is perfect cleaning. Sure. And there an the people who clean the houses, they always think they do a good job. It is not like Uber like you can say okay, normally it takes five minutes, but if he’s there in 20 minutes, it means that, okay, he’s been slow. But including, it was very subjective. And, like, we were dealing with customers and cleaners were like, okay, the good job that we were dealing with cleaners and customers were like, it was a really awful clinic. And on the back end, we were building all of his perfect workflows, like perfect email automation, and perfect marketing campaigns. But at the end of the day, I realized even even if what we do, it’s not it depends on people. And I was like, Okay, maybe b2c is not my cup of tea. Like I wanted to build products. I wanted to be in software, not a b2b, or b2c self-service industry, but that yours was like a really intensive university degree. I was able to work with the product team, I was able to work with the marketing team, and I was able to work with the customer success team. And like some sometimes I was dealing with customers on the phone sometimes I was actually working with the product team in order to implement new features. And after that extensive time, I knew what I needed, I wanted to be in the startup industry, and I knew I wanted to be doing growth. But also I knew that I would like to be in software, and I would like to be in b2b.

Nice, again, putting yourself out there and then getting, because you can hypothesize as much as you want. Again, as you said earlier, you know what you don’t want, but you sort of kind of feel that maybe this is the path, you went and took the growth job in a b2c. But then you’ve got the feedback. I mean, that was the data and feedback to you saying that okay, I like the growth part, but I don’t like the b2c part of it.

Definitely, like I would like to deal with comprehensive here, I would like to deal with the bigger picture, not every individual

Got it. And then so you went into Hobbico, and deep crawl so, so explain the transition and the growth.

So after cleansing, I actually found the product manager. So after clean zip, I want to co-fund my own startup. And back then I was actually learning programming, I was learning Java, and I really wanted to be at my own product. But obviously, I also needed money to keep my life green and also keep learning programming. So I found a contract job, it was a three-month contract, and I was going to be the product manager of a b2b company, we’re Kindle. So they hit the idea. They hit programmers, and they only needed a product manager to basically create the workflows for the website and create the whole journey. So for three months, I did that. And after three months, I actually met with someone who happened to be my co-founder at Mowico, and he was the technical person. And I was a technical person wants to be a person. And we started building the product. And it was going to be in no code, mobile commerce builders, which would be integrated with Shopify apps for E-commerce and basically no cost mobile commerce. Yeah, we built the MVP. And by the time we launched MVP, COVID happened. And actually, for us, COVID was the good news. Because with COVID, e-commerce, the demand for E-commerce got skyrocketed, right? 

With e-commerce, the demand for mobile commerce got crocodile, everyone, every company needed a mobile app. And, you know, six months, we hit like, 1000 customers. And after a year, the company actually grew from 2 people to 20 people. And we thought, okay, it is time to get to the season. And the reason for that was okay, the product was going well, but the competitors and we had competence in the US back then I was still in Turkey and the amount of money we were making, was basically not enough to compete with our competition in the US. So we needed VCs that, but then actually a VC firm wants to acquire the US. And for me, I never wanted to be acquired, like, I never wanted my company to be acquired, but the money was good. And my co-founder actually wanted that. So I said okay, if you are buying, I am not going to be a burden, but I will be cashing out, and I did cash out, okay. It took like, a year and a half like the whole journey took a year and a half from me,

That’s really, a year and a half seeing all these things. I mean, seeing an idea to MVP to traction to getting funded. That’s like Blitzscaling.

Honestly, and again, I don’t want to say this a lot, often, but COVID really helped us like it was ended product, it wouldn’t be that fast. But with COVID like it was a natural demand, we didn’t create that demand, we didn’t actually need we didn’t need to educate the audience than now. Like, the most important thing I’m trying to do in my current company is to create is to create the demand to educate the audience. But in that case, the audience was already there. already captured the demand that existed. 

Yep. Fair enough. So just on that note, add more Wiko. So was that product idea yours OR the co-founders? 

It’s me it was mine.

Oh, okay. Very cool. And then you had the co-founder, who was more on the technical side of things, building, and coding.

Yeah. And at the same time, I was trying to learn how to build how to program but obviously, he was the one with more knowledge. But I will say after like maybe 6-7 months, it is I was able to understand what was going on in the court.

Yeah, no, fair enough. And how did you find the customers or how did the customers find you? The initial set?

It was Shopify like the Shopify app store, and like rebated could bid on keywords on the Shopify store like similar to app store optimization.

You were an app on the Shopify platform? 

Yeah. 

Understood. Very cool. And then after that, you went to deep crawl. 

Yep that time, I realized that, okay, I need to leave the country like I want to be in a better tech landscape. And I thought the UK would be a really good option. And I also realized that with Mowico, I was a co-founder. Before that, I was doing growth. And I really, back then missed being an individual contributor. So I said, Okay, let’s go back to basics. And back, then they were looking for demand generation managers. So I said, Okay, you know, what, I haven’t done marketing like I have done growth, I have done partial marketing, but I have never actually focused on the acquisition side. Okay, let me now focus on the top of the funnel, it took like, six to seven months, but they understood what I was trying to build. And they understood that I didn’t only want to perfect the top of the funnel, but I wanted to perfect the whole journey. So I was promoted to head of growth after like eight months. And I started dealing with the whole journey from the acquisition to adoption to retention referral site, which was really good, like, and I realized, if a company is like, it was ideal size 100 people, and I was able to do everything, but also that there were enough people to help me out. Like, I wasn’t getting burnout, but also I was able to see everything. And after a year and a half at Deepcrawl, There was no full offer from Cognism, and I want to have the cycle. So with Cognism, it was 1 to 50 employees then became 50 – 100 employees. Movico it was 1 to 15, 1 to 10 employees then 10 to 15. Right? We didn’t grow when it was 50-100 then became 100 to 200. Now imagine Cognism was trying to 500 I was like, Okay, I want to have this circle. So I joined that. And it was like 2500 companies, then it grew to 500 to 1000 people. And it was also performed to see the whole journey because, in other companies, I sowed the seed stage Series A, B, and at Cognism, I sold three C and D. And I was okay. Now I think I saw the whole journey. And at that point, I realized, Okay, do I want to see 1000 to 5000? And I said, No, that’s not my cup of tea. And actually, in Cognism, I realized, you know what, I need to be in a small company because I need to build I have the hands-on experience. Hence, I joined the HockeyStack once again, to the beginning of the circle. And now I will be working in a company that has 10 to 50 employees. And I’m starting from the seed stage again, once again. 

Very cool. And what is your responsibility going to be at HockeyStack? 

Similar to the whole journey from acquisition, activation, adoption, and retention referrals. Because, again, I feel like, if we focus on one part, then we are missing the halogen. Like for me, we need to consider the whole journey as a whole. And you cannot skip that part by like, okay, most of the corporate companies most of the enterprise companies will have a different opinion. But for me, I would like to have eyes on the complete journey. Because I feel like if I don’t understand the whole journey, I can not create the perfect scenario. And I always want to create the perfect scenario. 

Yeah, very cool. And then something also that stands out for me. Canberk is the selection of the startups. I mean, he gets wanting to work in startups is one thing. But more often than not startups within the first six months or even 12 months things go either, personally for you, because you’re not a good fit for the role. Or the company’s situation is not going well. Right. But in your case, you had almost like, I wouldn’t say homeruns, but definitely, singles, doubles consistently, really good ones. So what was the secret? Was there a formula or how did you land? These kinds of roles?

So I think, okay, in your question, there were two parts. The first part was okay, the startup might go south. Also, you might not be a good fit, or I will start with the letter. I think so. I think it was my law background. Like, I always appreciated what I had in startups because I really hated my career. So even if I didn’t like the job, even if I didn’t like that company, or even if I didn’t like some aspects of the company, I stayed because I knew where I was coming from, and I always appreciated what I had. And in terms of casual fit, sometimes it wasn’t the best. Sometimes I hit really messy problems, but I was like, okay, it is still better than being a lawyer. So it was more like appreciation, appreciation of what I had and what I was doing before. But in terms of the companies, I always tried to work in a company that I believed in their product. Like with Deepcrawl, I believed in technical issues, especially for enterprise companies. And like, when I looked at the product, I was okay, I can sell this product, like I always told myself, can I sell this product, because in order to sell that product, I need to believe in that product and with difficult I was okay, I can sell this product. And it was actually a challenge for me because I knew that I was going to be selling this product, and creating the strategy for the growth of technical SEO people, which I had no experience with before. And after technical issues, I was more confident and Cognism and had a much broader perspective and much broader, personal like damage-linked marketing, sales, CSM revenue operations, and people at the same time. But again, I looked at the website, I was like, I can’t sell this product. And as soon as I was confident in myself about selling the product, I said, Okay, I want to join this company. And he was saying, at HockeyStack, I was using their product for over two years, and I love the product. And at the time, I was okay, if I love the product, I want to be in that product. 

Got it. I think the last point that you mentioned is critical, which is if you’re in like a growth, demand gen kind of a role, or even sales for that matter. The first thing is to put yourself in the shoes of the user buyer of the product and see if you love the product. Right? I think that’s a very critical point. So when you actually go into these websites, like during the interview, or before taking the offer, but you actually go into the website, trying out the product yourself and doing a competitor analysis, what is that process like?

I exactly like, this because when I work in a company, I actually give my 110% – 120%. And in order to do that, I actually need to believe in the product otherwise, I just cannot work. And during the process, like with deep crawl and with Deepcrawl, the process was different. So a headhunter approached me. And when they gave me the name of the company, I said, Okay, give me a couple of days because I want to actually look for the company. Then I found the competitors, I found Landscape and Twitter back then I had no idea what technical SEO was, I only knew SEMrush and Screaming Frog. And apparently, they were like the SMB solutions. But in a couple of days, I realized, okay, there’s an enterprise part of it, these enterprise companies actually are willing to pay good money for this product. And this product solves these problems. And then I called back the headhunter and said, Okay, I would like to continue having interviews. With Cognism, it was a bit different, because Cognism had a really good branding strategy. And they were on my LinkedIn every day. And I really appreciated the way they did marketing, I really appreciated the transparency because all of their team had been posting on LinkedIn every day, about their views on the experiments. And I was okay. Apparently, this company supports experimentation and culture, this company and encourages that. And I said, Okay, I want to join, and then they had an opening, I said, Okay, I just sent a message to the CMO. I have been following you for a long time. And I really appreciate what you do. And I would like to have a call with you. 

Nice. 

And back then I already knew the product. So I was like, this is your product. I know your product. I know, these are your personas. And these are how you should be serving your strategy. This is how you should be creating your strategy. And she was like, Okay, this is my calendar. Link, please. Can you book a call with me?

Nice, very cool. Very cool. This is I mean, we can go on and on. And we have a lot of other topics to cover. But thanks for sharing your career journey the transition points what led you to the next role and so on. Right, really important, especially for the listeners who are still early or mid-stage in their careers. The reason why I went down this rabbit hole Canberk is to give a formula or a playbook for those who are actually figuring out how to make the right transitions. So thank you. So you did mention that you’re joining HockeyStack as a full-time growth lead. So congratulations on taking that role. Yes, starting soon. You made me aware of that earlier. So talk to us about what is HockeyStack and who are your customers. Who do you serve?

So HockeyStack is a marketing attribution platform and actually a revenue platform in which b2b companies can collect their ad platforms, they can collect their CRM, they can collect other products that they might be using, like direct qualified, or like snowflake, Tableau, and HockeyStack, firstly, merges all of that data. So you can see the total return and spend of each platform on the campaign level on the ad level on the group level, you can see the whole customer journey like for example, if you’re running LinkedIn ads, you mostly rely on people who click on your ad. However, cookies can show you from the first impression. So even if they don’t click on that, if they saw your ad, the HockeyStack basically merges that from the first impression to the close one. So you can understand the exact return on investment of each of your ad creative each of your ad content. Apart from that, it shows the influence of marketing advantage, like, Okay, we have this advantage, every marketer claims that advantages are influenced by marketing, but you cannot prove it with HockeyStack, you can actually prove what was the art punk deals journey before they become an art band. Like if they had been seeing NS if they had been clicking in as if they had been visiting the website if they did, what the ACT what actions they had been taking. So actually, it is helping marketing teams to have discussions with their finance teams, because now marketing teams don’t only see what is the impact of inbound, but they can see their impact in outbound. Apart from that, it can do forecasting, for example, you can create different choices like I want to increase my LinkedIn budget by 5%, what will be the increment incremental impact of this in the next three months, it shows you because the data are focused, the HockeyStack algorithm is basically trained on your own data. So they have this machine learning system. So by looking at your historical trends, it actually gives you recommendations and gives you about what you can do or what you shouldn’t be doing. And again, like I had been using HockeyStack for over 3 years and 2 of my companies. And when I stopped using it, there were three people like 3 co-founders, and now the company is like 11 people, still a small company, they just got a seed round. And last year there was they were in the Y Combinator batch. So it is just starting. And I feel like it was a really nice time to join the company. Also they actually built the product with my recommendations, like Cognism was one of the biggest customers and I was the power user. So each time I wanted the product, they were like, okay, yeah, we deliver it. And now it feels like it is my product. And again, it has been the product that I used the most during my tenure at Cognism. And now I feel like since I know so much about the product since I have been a user of this product for so long. I think I can perfect the whole growth journey. And I’m joining them as the head of growth and I will basically be funding the whole growth function there. 

Very cool.Yeah.

Yeah, so thanks for sharing your overall career story career journey as well as how and why you joined HockeyStack. And now something another segment that the listeners love is more around go-to-market success, and the go-to-market failure story given your varied head of growth and demand gen rolls, so why don’t you share with us a success and failure story, I’ll let you pick which one you want to start with. 

First, let me start with the failure. And it comes from Mowico. And when I was telling about the story, I told him, it was a Shopify app. But obviously, it didn’t start as a Shopify app. Like every funder, we were like, Okay, we want to build the perfect product, we want to build a product, that would work with every ecommerce platform with every integration. So we try to build a really proper open source platform, which would be connected with Shopify Magento, all of the cost customize e-commerce platforms, and all Bosch. If you build for everyone that you don’t build for anyone, like the product, it was not working there. There have always been delays. It was slow, it was not loading. And even for MVP, like Paul Graham has this quote that I really love. If you are proud of your MVP, it means that you ship too late. It is correct. But in our case, it wasn’t even an MVP. It was just a random product that does anything fast. But it was different doing anything that we wanted. Yeah. So we said, okay, let’s focus on one thing, where most of our users will be Shopify, then Okay, let’s try to build a Shopify app, rather than an app for every other company. It took us like 2 and a half months to understand what was wrong, because we really wanted to build a product that would work with everything. But then we realized it Okay, in our target market, 8% of the potential customers were actually using Shopify. And we knew that as a two-people company, we will never be able to sell companies with like, 10,000 employees. So even though they had customers, the platforms, they would never be our ICP. So, we steered the direction, and we focused on Shopify, but it was actually a failure because we basically wasted two and a half months, trying to be something impossible. And in terms of success, I think it was with deep crawl. So when I joined, it was a technical SEO platform, and the product was built for technical issues. But then we realized, okay, the technical SEO landscape, literally every single landscape, like on LinkedIn, they’re, like 8000 people, right? Compared, if you look at, I don’t know, marketing managers, they’re like, 2 million, 3 million marketing managers. And since the target addressable market was low, at some point, we knew that we would be eating trucks. And we needed to have different stakeholders. Also, it was an enterprise product, it’s your people didn’t, most of them didn’t have the authority to buy a product, which was like 50k, they always had to include the CMOS, and they always had to include the people who would actually sign off the bill. But also, a technical issue product didn’t sound like a tool that would be interest of CMO or VP of marketing. So we need to find a way to differentiate it. And we were discussing it with the product team, we were discussing with the sales team, how we can create a different product. And then we came up with a solution. What if we, like the product was going to need some improvements? But we realized that those improvements, were going to take like maybe a couple of months, and it is definitely a time that we could wait. And after adding a couple of new features. We presented the product as a website health tool instead of a technical SEO tool, which would not only be crawling your web pages, but it would be crawling all of your images on your website, it will be crawling all of your website speed all of the technical side of it. But apart from SEO, it will also show the health of the website like how your website can be faster how your website can be, can be performing better. And we actually rebranded Deepcrawl into Lumar and actually called the podcast. Deepcrawl was the company that I joined and I don’t I just’m not good at with new names. I still call it Facebook and I don’t call it meta. Yeah. So we basically changed the whole GTM motion by basically adding a couple of new features to the product changing the name and starting, showcasing it as a website health product. And with that, actually, our target addressable market increased so fast and so big. And we were actually able to start having conversations with the director of marketing, and VP of marketing. And if it was a technical stupid product, they would be like, Okay, I’m going to invite my SEO manager. But when we said website health, then they knew that they had to invite other people, like the number of stakeholders got bigger, the product marketing people started to join, the content managers started to join, which will also eventually increase our ACV. So it was actually a really successful GTM motion for us. 

Very cool. I mean, oh, my God, there are so many lessons in both the stories that you shared there, Canberk, both in the failure story and the success story. But one common pattern or common theme is the ICP, the ICP the TAM, right? In the case of your first, in Mowico, I forgot the molecule, right? So in that you are going to broad, if you’re everything for everyone, essentially, you’re not serving anyone Simple, right and different laccase, you narrowed your ICP, and you said you only focus on the Shopify platform users and for Shopify, and even within that you narrow that further, it’s not for the large companies, it’s for the smaller within Shopify. And we look at Deepcrawl and Lumar, the newly branded version, the way you approach and the way you articulated, where if you just position yourself as a technical SEO, problem-solving product, it’s very narrow, your time is narrow, you’re just talking about, like the SEO teams, and the SEO manager at the most, versus repositioning and saying, Hey, we are all about how to make your website more healthier, more functioning, and productive for you. For you, the go-to-market team, and the marketing team, mainly. Now you’re expanding your ICP, you’re expanding how you should be pursued in the market. So, when I’m hearing all these things, all the key nuggets of product marketing come to my mind, which is you talk about the positioning and messaging, you talk about customer insights. You talk about audience insights, you talk about sales enablement, if you have a sales team, right, and you talk about a new product launch, or a new, in this case, it’s a rebranding, it’s technically a product with a much bigger agenda. And then there’s a new market launch in your earlier company does all versus knowledge, just focus on Shopify? And I can go on and on. But all the things you share are so many, master the product marketing and go to market overall.

And today, this thing I really love about working in small companies, because as soon as I realized that, I was not able to do that if Cognism, I knew that it was time to go, like you could do it in a company with 100 employees, you could do it in a company, 20 employees, but you cannot do it with a company with 700 employees. It is just too big for that. 

Alright now, for sure. And then. So who led the decision or the discussion around rebranding and expanding the TAM?

So back then it was my CMO. And I because we kept discussing like, okay, apparently the product is for SEOs. And the CRO has been really successful with SEO people. But my CMO, she always had this enterprise idea, like before she joined the CRO was actually if PRC had a big motion. And most of the customers were actually some big customers, they would just start using it. But my CMO actually, basically turned that motion off and focused on the SRG motion and focus on the enterprise side. But as you focus more and more there, we realized, okay, this is not going to be sustainable, because, okay, we want to sell 50k product. SEO people love us, but they don’t have daughters. But again, we were like, Let’s reverse engineer this situation. If me, as a head of growth. So about technical SEO, would they engage with it? No, I would think they want to target it to me. What would make me engage would be evoked from like just a growth, similar to growth growth is a really vague term and you can actually make out everything you can say I’m doing product, you can say I’m doing marketing, and we were like, Okay, well, what would be that vague term for marketing? People? It is a website, every marketer is responsible for their website. Okay, how we can combine what the court is doing right now with the website okay Deepcrawl growth website, is the SEO part but can two more, and then we start discussing this with the product people what we can do like what what you can do it easily, like we don’t want to. We don’t want you to work on a product roadmap for three years, what is the possible thing, what is the easiest thing that you can do, but that will also help us to not be an SEO product anymore? It was basically reverse engineering the actual product, okay, we are crawling the website, but not on now, not only we are going to be crawling the website, but we are also going to be measuring the website speed, and we are also going to be measuring all of the problems on their site, it was already in the product, though, it was only a couple of new costs to be added. And it was only like a couple of different sections to be added to the code. So once we, we were sure about it, and that time, the CTO earlier, he came up with all of this idea like, he basically plotted the whole idea into this. And once the CTO, the CTO, basically created the journey and created the ideal use cases, we were like, okay, then this means that we can call it a website health tool. And then there was no category like, the category didn’t exist. So we said, okay, website health. Is it vague enough? Yes. But Do people understand what it does? They do, it is not like, okay, so vague that nobody will own it. It is vague enough that everyone will understand. And now you can just go to the CMO or the head of growth and say, Okay, if your website doesn’t convert, then your conversion rate will increase like that, why your website might not convert your website speed, your bounce rate. And if your website is like two seconds slower, it means that you are going to lose this amount of customers. And especially again, our customers are enterprise our customers were especially customer-facing enterprise companies like b2c companies like Nike, like Adidas, and they really needed to perfect their sales. And actually, I hate the approach I use the approach that I use in Mowico, like in Mowico. Also, my customers were e-commerce platforms. So like I knew how bounce rate was important for them and how much our conversion increased the conversion was important for them. So we basically use the approach that I hit the molecule for like SMB companies, but we applied it for enterprise. But the thing is, it was the same for every company, at the end of the day, they want to maximize sales. And in order to maximize their sales, they had to perfect their website in Mowico, they had to perfect their mobile commerce platform. It was difficult, they had to perfect their website, but they had to perfect their sales platforms.

Right. Now, this is really cool. So I thank you for sharing that thought process and how you guys pivoted. But clearly, the internal thought process was not magically reflected in market understanding, and the demand creation shift and the demand capture shift. So I would assume, and there’s a very safe assumption that content brand and product marketing aspects will be played a big role. So walk us through how and if you are the CMO, shaped and come up with the content strategy, the brand strategy, and the product marketing strategy for these.

It was more like a test download. Like, As again, there was no category, we had no idea what kind of content we had to be creating. So similar to our thought process in the beginning, we reverse-engineered, okay, we want to be seen as a website help platform. So what would you expect from a website that had a platform to three points? Okay, I would expect it to be doing that it to be doing good. And it to be doing that? Right there? Okay. Who would you be targeting? If you were websites had platforms, demand managers? And if you were talking to chat managers, how would you target them? Okay. It will help you with your landing pages, it will help you with your demo submissions. Perfect. This is for b2b. For b2c who would you be targeting these two micro-managers, performance managers? And what would be saying that if your website is not good, then all of your ad spend will be for nothing? Okay, you might have the perfect ad on Google, and you might have the perfect PPC campaign. But if they don’t comment on your website, then you are unsuccessful, therefore you need to pay attention to the website help. So we basically try to find all of the pain points for contact people. The pain point was okay, you might be creating the perfect ebook, you might be creating the perfect content. But if people coming to your website don’t read, it doesn’t really matter. So you need to understand how your website is working. So it was more like okay, what they do, what can be their problem, and how we can solve their problem with the product. 

Yeah, so that’s the audience to pain points mapping which translated to the messaging, but all that messaging has to translate to content and campaigns.

Yeah, so basically, we tested like, for the content, we said, okay, website health, and what website health means for firstly for us, what does website helped mean for us? Then? What does website health might mean, for a digital marketing manager for a b2b manager for a b2c manager? Then after understanding what it meant, and what could it mean for other people we were able to create content but for that we first needed to understand then once we understood that, it was easy to create the product marketing material, it was easy to educate the salespeople, it was easy to create all of the sales materials because then we knew what we want to do. And we knew what might be useful for our personnel.

Yeah, and what kind of content and go-to-market channels did you use for this let’s start with content ebooks, videos, blogs, white papers, and podcasts.

We started with ebooks and ebooks are about demand jet engines, we created this concept of demand engine, and how to perfect your demand engine, it started with okay, you can have all the perfect campaigns, you can have all of the page structure. But in order for the dimension engine to work, it was about okay, your website so is a digital marketer. They will download an ebook about the imagination. Okay, they will, okay, I want to learn about too much change and it will start with classical ebook content. Okay, digital marketing this list is but the second part of the book will include something they they didn’t know. Okay, digital marketing brings you up until here. But in order for it to bring revenue you need to pay attention to so it was an educational piece for digital marketers, then, we also created some videos that were more like what would be happening before and after. Like if your website health is below that number. And above that number. It was the educational videos but the thing that we did, and the thing that worked the best was the URL-based marketing. I call them the UBM. So for us, we knew that the ideal customer would have at least 1 million years. And again, Shopify would be a perfect example. Actually, Shopify was a perfect ABM champion. And I was like, Okay, I’m familiar with Shopify, and I was like, I want to promote Shopify. And this time, I want to make Shopify my customers. So we create all of these websites, and then we create that list like commerce with more than 1 million euros. Then we created, ABM campaigns in which we actually did create the product actually analyzed their website and website health, and campaigns were like, hey, Shopify, we actually enlarged your website and your health score is 85.

And you have microsites and landing pages just for those accounts. 

Yes. And it was more like you are 75. But you know what? So if you want to understand why you’re scoring 985 Let’s have a call. Or with Nike, it was like, you have 75 I did not sell 77. Reebok hasn’t it? Yeah. And we can help you to get 8-5. Let’s show you how very cool it was at the actual point like that a BM motion. The UBM motion, as you might call, it was the actual educational piece and it actually helped the company to close so many enterprise deals. 

Very cool. Very, I mean, this is actually a showing the product in action, and directly pointing out the pain points. And by the way, do you know, it’s not just pointing out the problems, but we can actually help you solve those problems with this product?

Yeah, and the thing I love the most WAR iable to use the product in my marketing.

Right.

And like now, this is what we are doing at HockeyStack as well. We are creating this ABM campaign in which actually HockeyStack analyzes the active campaigns of potential companies. And once they click on that, they see their own dashboard. They see all of their lives, they see what their this might be bringing, right like using your product in your own marketing. I think one of the most powerful and one of the most beautiful things that you can do.

No, for sure. And how long did it take? So for example, let’s go into ebooks that he created plus the UBM campaigns, like from idea ideation to actually putting it out there. How long did it take and who were the people involved? Like what skill sets?

for ebooks, I think it was a couple of weeks. The first thing was okay, we need an ebook, but what if we can do and again, it was reverse engineering. It needs to be catchy enough so that people would download right, but also it needs to be able to show what we Like it cannot be on our digital marketing. But if it is only about website health, nobody would pay attention to the current. So that ideation process took like maybe a couple of weeks. But once the ideation process was over, it took a couple of days to create the demo, because we already created all of the previous ideas. 

During the ideation you just listed, okay, this is what the content should be and should not be, and go into this depth, you’re then handed over to like a content lead or someone. 

Yeah. With UBM, it took 2 days. So I was talking with my CMO and we were like, Okay, what is our ICP? Yeah, and okay, now we can go to Marketing Leaders. Yes, on the personal level, we know the ICP, but what about on the company level, we cannot just say our ICP is 10,000 plus employees, our ICP is URL. And with the MQL, we were able to count the yellow numbers. Again, it was a B2B channels product. So we basically did 100 companies, 100 companies, and then we basically reverse-engineered their number of years. And among the 100 companies, I said, I’m going to stop them. I’m going to work on the content. I’m going to deep crawl to analyze. And I just said to my designer, can you please create content in a day? She did nice. And then I basically went to the landing because we already had landing pages. So I made the changes on landing pages, and I personalized landing pages. And that was it. Like it literally took two maybe two and a half days? Because I really believed in that strategy. And after I believed it, I was like, Okay, I need to launch it now. Like if you believe it, you have to launch now. 

Yeah, very cool. Very, very cool. So switching gears, thank you for sharing all those tactics and details. And this is a goldmine for people who are listening. I mean, for all the listeners out there. I mean, key points that came out for me if I had to summarize is if you have a product and you believe in the product, put that product in use and use it in your campaigns. That’s number one. Second is, when you’re thinking about the pain points, you’re thinking about ICP, start creating content. And ebooks and videos you mentioned were critical in those as well. Right? And those really stand out for me. 

Like, if it was my current if it was turned on back, instead of ebooks, I would create, I get content because I get content is actually more education, like people actually can find that content when they are making websites search. Or you can just create a traffic ad and they can come and like they can read your content, even if it’s not giving you an email. And now like if I was doing it now, I would make it on gated. But back then it was gated.

Now fair enough. And this there’s a whole debate. I mean, you can go into a rabbit hole just talking about gated versus gated, but I’m a big believer in gated as well. But the key to making that work is your content has to be really high quality. Yeah. And it has to be consistent. It’s not like you just put one content out there and hope it works. Exactly. Yeah, for sure. So what are the different resources that you lean on in terms of like ideation, or, like, clearly all these ideas come to you? But there might be a process maybe by design or not that you’re leaning on either community, podcasts, or books or you just go for walks or friends.

It is a podcast like I listen to a startup podcast. I like to hear about different journeys, like different founder journeys. And this Week in Startups is one of those podcasts with Jason. And I do listen, to the podcast with refined labs, I do listen, to exit five podcasts. And I try to watch every TV series about startups. Like we crashed, Silicon Valley. Super pumped, all like, even though they’re like Hollywood kind of TV series. It gives you an idea. Like it gives you an idea of how you can port your product. And sometimes all you need is that veered inspiration. Because I feel like startups are like, like jazz music, you have to improvise. Like the classical music is about following a certain pattern. But it is like enterprise companies, they cannot do jazz, they need to do classical music. But the startup is just you need to improvise. But in order to improvise, you need to be getting influenced by other jazz people. And in that case, I get influenced by other startup founders. 

Very cool. I love the way you keep using analogies and metaphors. Making an article about music is really cool. So I mean, for my own selfish reasons as well, like, how did you How do you learn about these podcasts? What made you go to like all these different podcasts in the first place?

I think just I heard it from other podcasts, like, from one case, one podcast to other podcasts? Because with me, like, yeah, probably either on Twitter, I’m trying to follow every tech person on Twitter. Because I feel like, like, I don’t have the formal background, I don’t have the tech education. I don’t I don’t have that. Like, I have been here for the last five years, almost six years now. And I still feel like I’m a new person. So I’m trying to understand I’m trying to get to know everyone in the industry. So I try to follow everyone I listen to every bit of the thing that I find out about the YouTube algorithm, the YouTube algorithm is amazing. And probably I might have all of these podcasts or YouTube recommendations.

Got it. Yeah. Okay, cool. I mean, this is for my own podcast growth ideas. That’s the reason why I asked. But, yeah, really cool. One final question for you. Canberk is, if you were to go back in time, and turn back the clock, what advice would you give to your younger self on day one of your go-to-market, not the lawyer journey, but the current market journey?

Always believe in data? If you see something in data and if someone says no, that’s not correct. Yeah, always believe in data, if there is no data, but if you have a gut feeling, it listens differently. Listen to your gut. 

Want to navigate the ever-evolving landscape of go-to-market strategy, where every decision presents a new puzzle to solve?

In this episode, Kevin Tate, Chief Revenue Officer at Kivo and go-to-market executive with 25 years of sales and marketing experience reflects on the importance of patience in the marketing world, emphasizing the need for long-term strategies over short-term fixes, the importance of adapting sales approaches to virtual interactions, and The critical role of intuition in decision-making. From sealing big deals to tackling tough challenges, Kevin’s insights will inspire you to conquer your marketing hurdles.

Listen to the podcast here

 

From Positioning to Engagement: A CRO’s Take on Crafting Winning Marketing Strategies and Driving Business Growth

My signature question which my audience loves. And this is what I get started with, with my guests as well, which is, how do you view and define a good market?

Well, that’s a good one to start with. And again, thanks for having me. You know, it’s, I think it’s easy to get wrapped up in the day-to-day of go-to-market. And so it’s fun to kind of take a step back and think about the meta question. So what is go to market, I think of go to market as the combination of sales and marketing and business development activities that ultimately drive the business, right? And so there’s a bunch of people and activities that springs to mind when you say that, but I think it’s also it’s the strategy, and it’s the people and the systems and the budgets and the and the processes that support all of that, too. And so, I like to think of go to market as the front of the boat, if you will. But it’s also the rudder that’s trying to steer that boat, you know, through the market and navigate those waters. And so there’s a lot that goes into that.

I like that analogy. It’s the boat analogy. It’s pretty good. It’s very visual, people get that.

The time anyone’s ever used the boat analogy. I’m sure. So yeah, we’ll see. Um, that one. Yeah,

So you did mention sales, marketing, and biz-dev. Something that caught my attention is how there is no product or even customer success in there. 

That’s a really good, great, and customer success should be in there for sure. But I think it’s one way I like to think about go-to-market and its relationship to the business and an oversimplification. But if you zoom way, way out on a business, you might describe it as making a compelling promise that the product can keep. And if you really just start, you know, underlining and taking apart all those different words that make a compelling promise part. That’s all the sales and marketing and positioning, and how do you start the conversations? And how do you, you know, couch, your feature benefits, everything goes into, and it’s, it’s got to be compelling, right, and you’ve got to be making it to people for whom it matters. And then that second part of the sentence that the product or service can keep, that is where I think about what the product actually does, how customer success delivers that value, how you’re able to structure the company to deliver it in a way that’s, you know, profitable, or keeps you in business, all the things that go into keeping that promise. And so like to kind of zoom back and think about it some level, that’s really, you’re gonna make a compelling promise. And hopefully, you’re gonna keep it and everything else is kind of in the service of that. 

I like the way you structured it into tools, really simple concept. I mean, simple sense, as simple as it can get, but very hard to execute. Convey your compelling promise, and then keep the promise it’s those two things. Right. And that’s the go to market piece. And, yeah, I mean, listen to and I hear this conversation and topic and definitions from a lot of the guests. There’s no right or wrong answer for sure. I mean, a lot of gray areas. The only reason I keep bringing it back into product, or as you mentioned and pointed out it can be a service as well, is it starts with that. But some folks say that, yes, you do have to think about how you define and create the product or service. But how you go to market is not the product piece.

Well, your points are a great one too. And I think, especially in the last few years, I’ve done a lot of work with product-led growth companies, which is such an interesting point. So it mix of that right and how we think about the product, perhaps to sort of abuse my earlier analogy, the product in that way is making its own promise. And in fact, it’s trying to keep that promise through you know, what might be very little interaction from the go-to-market team. And so I think it’s it’s probably been heard some of these lines, especially compared to 5-10 years ago? 

Yeah, for sure. So that’s a product lead growth, go-to-market motion that you’re referring to. And the other one that comes to mind is either in the very early phases like it’s just a concept or idea in someone’s mind. And then the go-to-market team, especially product marketing, if you have someone in Product Marketing, they would work very closely with the product in understanding and bringing the market insights. Right. So there is that piece of it’s not going to market but thinking about how we go to market, right from the early days.

Yeah. And I’m glad you brought that up. Because in the post, we’ll talk about this more. But I think of Product Marketing as really the crux, right? It’s sort of where the two parts of that sentence meet. It’s where you’re trying to, you know, every day and every week and do every release, and do every quarterly planning figure out how do I make sure I’m balancing that promise and how I keep it. So I love product marketing, I feel like it’s it’s the most fun. 

Fantastic, I’m sure we’ll dig into that specific topic more because that’s very near and dear to my heart. Let’s zoom out a bit. Why don’t you share with our listeners, your career story, your professional journey along the way, and all the transitions? And what led you to what you’re doing today?

Yeah, wow, I know more about me. Well, so you know, I started as a technical solution consultant, and then also working very closely with product marketing, back in the early days of the internet, so I mean, like 96,97. And, and that was a really interesting sort of trial by fire, right, we were doing what was then called dynamic publishing, and then became known as E-commerce and, and to be at the center of that technical revolution and business revolution and getting to work with these companies who were really trying to figure out an input to work the promise and potential of the internet. I just kind of fell in love with it. So, I have spent my career now leading some versions of sales and marketing both for startup companies and stale and scale-up companies for about 25 years. And I found that I really like working on emerging markets, and fast-moving technologies, where those things are reshaping how work is done, or how value is captured. And, and it’s not clear how it’s gonna play out, you know, so even as a small company, you might have an opportunity to help figure that out and shape that. And that’s, that’s sort of what excites me.

Really cool. Yeah, I’m looking at your LinkedIn profile, clearly. I mean, your first job is very interesting golf pro international robot testing, budgeting. 

And yeah, that was my very first startup. So I got out of school. And I started working with a friend I’d met. actually working at the coffee house that was building robotic golf caddies to carry your clubs around the course. incredibly complicated little things that never quite worked. But it’s hard to even talk about how sort of unreliable GPS and things like that were in 1995. But you know, I got to kind of do everything. I’m soldering boards, and I’m flashing EEPROMs and building robots and then putting on hats with antennae in them and going and showing the robots to investors. It was awesome. But and I and I got, again, a real trial by fire around, like, what Startup life and culture and technology was about. And yeah, that was that I think that’s really what planted the seed. And I got to work with really great smart people who were doing things that seemed, you know, maybe a little crazy. And so yeah, it’s super, super fun. And what you see, I think, is a version of that, that has now played out across a lot of different emerging industries. I’ve gotten to work in big data and the Internet of Things, in MarTech. And just recently, about six months ago, I made another kind of big industry move and got into life sciences and biotech. I’ve never worked in life sciences at all. And it’s been fascinating to figure out you know, what’s the same and what’s different in terms of how technology and business and productivity work together and Life Sciences?

I’m sure we’ll get into that. But something that caught my attention is you study a career in sales and then something got in your mind where you got pulled into or you went to the quote-unquote dark side the marketing

I liked it the marketing’s the dark side in this scenario. Yeah, you know, that’s a good question. And there was a pretty specific turn there. So we were in the Bay Area for many years and then we left in 2003, I moved up to Portland, Oregon, where we are now maps behind me. And then I got a job at a company called a unit crew working for the VP of marketing there, Chris Reid. I had thought I wanted to be in sales or business development because that’s what I’ve been doing for a while. And Chris sort of enticed me with a very smart and very strategic approach to how you run and lead the go-to-market motion by industry. So I got hired to run the retail industry, which was the largest for our hiring

management system. And that really opened my eyes to how much of the strategic positioning and messaging and role that marketing played in working with sometimes even leading the sales and go-to-market motion and that sort of symbiotic relationship. I really enjoyed that. He was a great, great person to learn from. And I feel like, since then, I’ve not had a role where marketing wasn’t sort of front and center, even if I was running both sales and marketing. 

Very cool. Yeah. And very impressed. I mean, you, as you mentioned, right, you work at small companies, startups, you’ve looked at really large companies. I mean, I see big brands in there. Kronos. Yes. And then SurveyMonkey. Yeah.

Survey Monkey. And yeah, it was clear a bit recently, which was just acquired by HubSpot. So yeah. So small companies and big companies and companies. 

Yeah. And then clear video, the CMO at Clearbit. Anyone and everyone in sales and marketing know they should better know what Clearbit does clear bits. Great. Very cool. And then so what do you do today? You mentioned you are at Kivo.

Yeah, so I jumped into Kivo, which is quite a startup been around for a few years. But it’s a productivity software for life sciences companies, specifically teams that are developing drugs, or medical devices, and bringing those drugs to market, which involves a lot of working with regulatory agencies, and managing clinical trials and, and doing all that with a level of precision and compliance. That is super important. That means there’s a lot of documentation and process and audit trails, which software really helps with, it also happens to be an area where it was paper for a long time. And the electronic or online solutions that a lot of teams are still using, were some of the first that came around. So a lot of people are still using solutions for this that were, you know, came out before the iPhone was invented. So there’s a real opportunity to bring new tools and intuitive, intuitive solutions to it. And that’s that’s what we’re doing at Kivo. So it’s been super fun. I’ve had to learn a million acronyms. It’s been such a learning curve for me around life sciences and Regulatory Affairs and all the things that go into that work. But that’s kind of what I like, I like diving in and understanding how this business, this segment works. And now how do we take some of the things that we’ve learned and, and use that to make it work better? 

Yeah, so Farmar regulatory, it takes me back to I think, when I was doing my internship or a project, while I was at Cornell University, doing an MBA internship project was around, I think, working with a pharma company who were doing their clinical trials. Oh, yeah, helping them or recommending a go-to-market?

Oh, wow. Yeah, you are in it. You’re in it. You know, how complicated these trials are? And how long do they take? 

Yeah, you know!

And that has been an interesting thing, you know, probably a bunch of different vectors to look at life sciences versus some of these other industries. But let’s take the last two. So when I was at Clearbit, working in the market, a lot of times the companies that we were working with, and the timescales on which they were thinking about growing their business and making investments in technology, we’re quarters, right? I mean, you know, we need this because we’ve got something planned. And so you are often talking about their plan in terms of quarters, perhaps years in, in life sciences, it takes 10-15 years a decade brings something from the lab to the market. So it’s just a completely different timescale. And there’s so many chapters that happen for those companies, and the teams and the technology and the priorities. And so that’s been an adjustment for me understanding the timing of when, when those things are a priority, and how you know, systems like chemo can help when so yeah, it’s been fascinating.

Now, that’s a good seg. That is going to be my next topic, which is who you serve. Who are the customers of Kivo? And how would you think about the go-to-market for Kivo? 

Yeah, sure. So, yeah, from a market segments standpoint, think of it as you know, these emerging, so say, I don’t know, less than 200 person, most often in Pharma and medical device companies. The personas are fascinating because typically it’s the leaders of the regulatory team and the clinical operations team who are working on those clinical trials and working with partners on that. And then the quality team and quality, the management of quality and processes, and is so important in this industry. And so usually those three personas are who we’re working with. Now, it’s what keeps it interesting is, that depending on the size, and stage of the company, you could have one person wearing all three hats, or each of those could be many person departments, each with their own budgets systems, and priorities. And so a lot of what we end up doing is trying to figure out where are you on that journey. And what are the systems or processes you’re using today, and how they’re helping you or, in a lot of cases getting in your way as you try to work together? So a lot of our go-to-market is kind of back to what I said before about some of the older technologies, a lot of it just trying to show what’s possible now and finding ways to when the time is right. Get some attention from one of those roles and say, Hey, did you know you could be doing this, right? Because this is really different than what you could do even five years ago, much less 15 years ago. And, so that is often how our conversations start. And so I’m trying to, you know, how it is when you’re running marketing, you’re trying to find the tea leaves and figure out what’s driving that our VP of Marketing Gianna at Kivo has done such a great job of instrumenting our funnel and awareness and lead generation activities. And so, you know, she’s able to bring to us, okay, this is how we’re getting on different radars of these different personas and starting these conversations. And of course, what’s the, you know, what’s the cost structure and the, you know, customer acquisition cost profiles and all that. And it’s, she’s been so great to work with on that. And then I, as I take that to the sales side, I can say, Okay, well, and then what happens with those conversations? And so, yeah, that’s a bit about how we go to market.

Very cool. Something that it’s related to one of the guests that I had recently on the podcast. So he started a company, a startup, using AI, so he could help streamline the whole clinical trials process. 

Oh, yeah, what company was that?

The company, like I can share more details offline. That’s cool. And while talking to him, he was talking about all the challenges, essentially, with those same personas that you mentioned. And by doing that, he also mentioned about, again, just going back to one of the channels to explore, what he started doing or posting on LinkedIn. I mean, he’s he goes to events, he meets does the best, he speaks there, and so on to drive awareness and bring attention and build a pipeline, something that really caught his attention of late is posting on LinkedIn. Now, prior to my conversation with him, I would imagine anyone from the far mine regulatory and regulatory roles to be active on LinkedIn. But to him is seeing traction on LinkedIn even for traditional.

Yeah, well, we are as well. It’s so funny. We were just looking at this yesterday, as we think about our go to market plan for 2024. And, you know, the value of social advertising and awareness debate would take us many, many podcasts. Right. But I think what we’re seeing, which we saw in Martec, as well, is that for awareness and being in the consideration set when the time is right, LinkedIn, I would say LinkedIn more than other social channels. I mean, I think people see some types of success with you know, Instagram or Facebook, I think with LinkedIn, that is where the earliest mindshare opportunities are in the funnel, and being and creating that awareness. For us. To your point, the timing is so important. And so I don’t know when it’s going to be time for a regulatory Regulatory Affairs leader to think about a new system. It could be this year, next year, the next year, but I do hope that when the time is right, they’ll think of the key though, and we can be a part of that conversation. So we think of LinkedIn and that as that, by contrast, I don’t think of LinkedIn as the place to try to drive people to your form to you know, start a sales process. It’s just, it’s just not quite a CTA environment or call to action.

Yeah, for sure. I mean, as you and I know, it’s only maybe 5 or Max 10% of your target audience and the segments in the quote-unquote, demand capture phase. Yeah, I mean, 90% of your target segment and audience and personas are not even looking to buy. 

Yeah. I do think also, to your point, though, it’s where the conversation is, and not to get all, you know, 2010, 2012 with our terminology here, but as we think about joining the market conversation and being a part of, of going to where the people are, that’s where the people are. And so, finding a way to do that in a way that’s genuine, and isn’t just, you know, looking for an opportunity to say, that’s great. If you heard about Kivo, you know, that’s what we tried to, and actually be a part of the real conversations and the things that people care about in the industry, and then, you know, trust that you will also be a part of the conversation when it turns to solutions. 

So for sure, very cool. Yeah, this has been great. So yeah, I mean, a lot of great points and directions that we went over there. And to your point earlier, right, you mentioned you didn’t want to go into more like a 2010-2012 conversation. For me. I mean, this is where I feel that not just marketing, but even go-to-market teams are not thinking in terms of basics. At the end of the day, all these are basics. Versus go-to-market teams are so much under pressure of hate, deliver, deliver, deliver, we need to hit metrics. 

Yeah!

Versus someone who’s really thinking, okay, yeah, I can make all those phone calls or send all these emails. But then let me take a step back and try to understand again, going back to your point, where does my audience really hang out? 

Yeah, right. 

Yeah. And I think you’re ready to get someone on a call. It says, It’s not about me, it’s about them and serving them, and guiding them to my brand. 

Yeah. Well, but it makes me think, oh, and I’ll nerd out on this for a minute, if you’ll if you’ll forgive me. But as marketers, especially in performance-driven markets, we so want the spend, and the results to be deterministic and linear. And it’s easy to say, Okay, I spent all over here and I got dollar 50 out, and at some level, that does need to be true. And certainly, you want to do the metrics by channel and so on. Right. At the same time, I think in my experience, and we were just looking at this and Kivo, we’ve been fortunate we’ve had a very large increase in our pipeline, and our prospective opportunities. 

And when we look at all the things we did, it’s all the things right, it was the show and the launch, and the webinars we did and the social momentum and the advertising. And there’s an emergent property of that, that is momentum and buzz and pipeline. And so I don’t think it’s entirely you know, well do all the things and hope it’ll just, again, emerge. But it’s also not entirely deterministic, it’d be very hard to take that apart and say dollar by dollar, which led to a deal that didn’t, so I think embracing that a little bit and saying we’re going to, we’re going to push in the right direction and trust start the right kinds of conversations. And we’re going to do with confidence in the channel in the spend. But we’re also probably going to be a little surprised at what pops and what doesn’t and that’s okay. 

Yeah, exactly. I think yeah, just to close out on that, again, not to another on this topic, right? I mean, a couple of things to keep in mind, especially for marketing and even sales to doing some of the lead gen, or demand gen programs, a couple of things is to carve out time and set aside at least three months, don’t expect to see movement week or week or month or month, at least three months. 

Yeah! 

That’s one thing, and really wish and hope and pray that you have a CEO and a CFO who will stand by that mindset that you cannot measure each and everything and show hey, here’s the ROI. 

Yeah, the position you’re absolutely right. The patience piece is hard. And I think we’ve all been in situations where you find yourself despite best intentions, sort of week by week, you know, hand wringing over the numbers and say, well, and then you start trying to change and pull levers to your point weekly, and it’s things just don’t change weekly. And so making sure you go to your time scales and the patients and support them is super key. 

Yeah. Very cool. All right. Switching gears here. We’d love to hear your take lessons and reflections on a go-to-market success story. And go to market failure story. I’ll let you pick which one you want to go with. But if you look at either Kivo or even your previous role, yeah, a success and a failure story.

Okay, so I’ve got two that that kind of kind of fit together and are top of mind because literally happening this week. Yeah. So one company found Kivo and loved what we did online set up a meeting and had two meetings with them. They signed up for a year-plus subscription all within eight days. That and yeah, and we have a relatively significant average deal size so that was just fun to watch. Right? You know, call it product market fit and timing all fitting together. But from a marketing standpoint, go to the market name put something really satisfying about just click Yep. You know that, that that’s what we are, that’s the promise and that’s fulfilling it. Yeah. Same time working on an opportunity where if we go back to our three personas, one of those department leaders brought us into an opportunity. And because Kivo serves sort of all three. Now we’ve got all three departments and this pretty sizable company. Now they’re all in the conversation. So picture 16 people representing four different departments, including IT, all with different agendas and budgets and existing

systems and overlapping timelines. And, that’s not to say there isn’t an opportunity there. But as a go-to-market leader I’m very much aware of, okay, we’ve really increased our surface area and the complexity of this. And I can kind of hear that original person saying, I just needed XYZ, right? And so I’m trying to really internalize that and think, Well, how do we balance it? Sure, it’s great to have deals with more, you know, more surface area, larger customers, and larger, larger opportunity, but not if it introduces the cost and complexity that slows everything down or even kills a deal when you could have just solved someone’s need in eight days. And so really trying to think about that and from a positioning and packaging standpoint, and, you know, does that mean, you need to take a unified product and really talk about it as component, parts, even if technically, that’s not as if that’s not required, but it makes it easier to buy based on how companies are structured. So those are some of the things we’re really internalizing as I look at. Yeah, what’s a challenge and an opportunity? That’s become very complicated. 

That’s your success and a failure. It’s not a failure. It’s more of a learning story, I would say. 

Yeah! Frustration. How’s that one? Actually? Yeah. Well, we’ll circle back in two months. And I’ll tell you whether or not it was really a failure. I hope not.

Yes, for sure. That’s a good one. And then anything that comes to your mind, jumps out from your time at Kivo.

Gosh, you know, we worked with so many clever, and it continues to work with so many smart and innovative customers there. I will say one of the one of the things that was fun to watch. And there’s still a bit of, you know, Alchemy required to do this. But we got to see companies and discos in the success category, got to see companies use a combination of really good company data, which was the role that Clearbit played to personalize the website experience, a little not overly done, you know, not like hey, VJ, welcome back. You’re here on Tuesday, and it’s super creepy, no, but like in just a, hey, you’re a small company, I’m going to show you small company stuff, you’re a big company, I’m going to show you big company example. And then match that with a level of personalization on the outreach and follow-up. And really smart awareness targeting through the social channels. So you know, people from that company that are enrolled, let’s make sure we get some Eric, they really stitched it together through a combination of precise data and smart targeting of the systems. And it had a huge effect. And back to that kind of emergent piece, it’d be very hard to say exactly which part made the 5-10 x difference. What I saw a 5-10 x kinds of differences and the effectiveness of people spent and that was really cool to see. So I guess I’d say there’s, as much as it feels like, a lot of these spending strategies and optimizations have been at play for a long time. There’s still a frontier out there, where really good data personalization and targeting can make a huge impact.

Yep, and that’s a holy grail in marketing. Right? I mean, showing the right message to the right person at the right time. Take the right action. 

Right.

Sounds easy.

It sounds easy. Yeah. But it is it is very hard to do at scale, as you well know. So yeah, for sure.

Going back to product marketing, I know we briefly touched on that early on in our conversation. So going back to product marketing, I felt that glow or that energy pop up when you brought up the term product marketing. 

So yeah. For me, I guess it’s when I think about product marketing, that I think about the positioning and messaging of both the company and the product, right? And this, you know, this sort of tall ladder of how given the market situation and the buyer psychology. What space do you want to occupy, if you will, at the company and the product and often at the sort of sub-product and component level, and really trying to stitch that together and figure out how to tell stories around that and how to make those stories interesting. You know, there’s almost always this part where you go through that whole exercise and you get down to like It’s this four bullet point, you know, it comes down to our reliability, scalability and flexibility and like, oh, sweet, and then you look at the next day, like, that’s the most boring three words in the world. Okay? We tell an interesting story now like, what is it? Who cares? Why does it matter? And so, for me you know, it’s kind of a never-ending puzzle of unlocking curiosity in the buyer’s mind, even if they’re not actively looking for what you’re you’re, you know, offering them just curiosity that will last so that actually were saying earlier when the time is right. They go: Oh, yeah. You know, Kivo piqued my curiosity. Curiosity is so much more powerful and Kivo appears to have reliable and scalable infrastructure. That’s just, so anyway, yeah.

For sure. I mean, the way I think about product marketing is like 6 or 7, 8 categories, you have the positioning and messaging. Even prior to that is the customer insights.

How do you have a solid customer insights program? Yeah, and then following up to that, depending on your if it’s if your sales lead, you’ll have sales enablement? Yep. Then there is the new product launch. There’s a new market entry or market expansion. And continuing on that spectrum, you have product content, product at auction, and even then customer expansion. 

Yeah, yeah!

The entire spectrum.

And they all fit together, and it never ends. And it’s all overlapping. I mean, there are so many fun ways to try to structure or bring a lens to that to that activity. I often go all the way back to Crossing the Chasm for some of this positioning, and this, of all the things in that book, I think this whole product concept is a really powerful one. And one that again, just sort of never goes away. And being honest with yourself about, you’re never really presenting the whole product, the customer always has to bring something to it. Even if it’s only the energy to learn how your product works. They are part of that recipe. And just the more honest you can be about what it feels like to be in their shoes. I think the better and, and that’s at the heart of I think a lot of the best product marketing.

Yeah, for sure. And glad you mentioned Crossing the Chasm. I think that’s a classic book for anyone in the go-to-market.

It’s a good one. 

And yeah, I mean, just a side promo. I had Geoffrey Moore on the podcast, 

Did you really?

Spoke with him a couple of weeks or about a month ago. And his podcast is going to come out next week or two? 

No way. Oh, wow. Well, now? Now, I feel really honored. Thank you for having me.

All right. Now this is a good whole product. I mean, so many of these things. So coming back to product marketing. So where do you think are the one two or three challenges in those six, or eight categories that we mentioned specifically when it comes to Kivo?

So it’s a good question. So one of our biggest challenges slash opportunities, kind of back to the legacy systems, and how much things have changed with respect to these online tools are people not necessarily knowing that new options are available. Right. So a lot of the there without, you know, getting into deep specifics, there tend to be a bunch of sort of do-it-yourself tools or file sharing things and ways of organizing using spreadsheets. And then there’s a handful of big, big enterprise systems that cost you know, six figures and take six months to implement. And they’re there for a long time, there wasn’t much in between. Key offers a different path, we offer a fundamentally different approach to this thing. So that’s kind of number one is like how do you, you know, how do you find the right way to say, hey, there’s something new over here and this and maybe, maybe you’d kind of written it off as well, one day, we’ll do that they could be today because there are new options available. So So that’s, that’s a big one. The other is, I think, finding ways and I think it is challenging and complicated, especially workflow-driven, like b2b product, how do you bring those real differentiators are really, you know, cool, cool bits? How do you bring those to the front of the conversation? Right? How do you find a way in the second sentence, or even the first sentence to say something that someone Oh, how do you do that? Right, again, sparking that curiosity? Because so often the first six sentences are yes, yes. Yes, of course, you have part 11 compliant document management e-signature, and yes, of course, you generate audit trails that didn’t collect you just so how do you how do you skip to the good part? Right, generate some curiosity and then come back. And you know, in the case of Kivo, these are very complicated systems and processes and to a point before, we’ve got at least three real personas that we’re talking to, and they have different hot buttons and different things. So how do I, how do you plant those seeds or spark that curiosity across those personas, is it an interesting thing to think about? 

Yeah, no, for sure. I mean, it goes back to, I would say it starts with a customer insight program, constantly being in touch with those different personas in the case of Kivo. And then tying it back to positioning and messaging and seeing what is resonating and what is started instant feedback. 

Yeah, I will, you know, and to that point, and this is something I’ve been thinking about a lot recently. So in previous roles, you know, just to pick on one, one of my roles, I had 85-90, folks on the sales team, we’re all using, you know, online, online meeting software, the records and tracks everything. And so in the back of my mind was always, oh, I really need to, you know, make time to watch those recordings and listen to what customers are saying. And there was never enough time to and we tried and to your point, you create a customer insight and feedback loop. But it’s all very abstract, right? And it’s sort of oh, look at the themes that are coming up. And it’s really hard to get a tangible visceral sense of Kibo. Like I said, things are very busy. I’m talking to Alan about customer calls with the product, and hearing what they think about it 15 to 20 times a week right now. And it’s incredible. I mean, just the sheer amount of, you know, pattern recognition, opportunity and like, what lights them up and what confuses them, and what’s unexpected, and what seems to be a gap. So, you know, I don’t know quite how to bottle some of that. But I think perhaps stating the obvious there’s, there’s really no substitute for just time spent with prospects and customers in front of the product together. 

No, for sure, I think that was my biggest lesson, I took the end, from my first product marketing role about a decade or more than a decade back at Microsoft we can structure a perfect pitch deck. In fact, it takes me reminds me of the conversation I was having with my boss. He was like a product marketing director and he said, go test it out with the first sales. I mean, not first, but the topmost right for him. And I go talk to him. I mean, within five years, he just cuts me down. He just cuts my ego and says, By the way, do you honestly think you can pitch and get a customer to not follow you along? Seriously? Yes, put me in the spot. That’s great. Right. I’ve been there. I’ve been there. Actually. Customers. Yeah, I mean, sitting in Delhi, you can only think and craft.

Yeah, no, it is. It is so hard. But also it’s what makes it fun. Right? So yeah.

Exactly. Pretty cool. Ah, yeah. Let’s see, what are like, the one or two things that people reach out to you for Kevin, I mean, in terms of, hey, I’m struggling with maybe some parts of God market or marketing or something. And then they think, Hey, Kevin, he’s a great guy, I need to reach out to him.

You know, I get pulled into the positioning and messaging piece a lot. So I’ve had a couple of points in my career where I was doing, you know, some independent consulting projects. And that’s a lot of what it tended to be, hey, we’re, you know, we’re so close to it. We’ve kind of got we’ve got the curse of knowledge here. Help us understand quickly. What does the market look like? What’s our position on that? What story? Are we really telling? How different is that story? How could we shape it in a way that, again, isn’t making a promise we can’t keep but boy is a lot sharper? In terms of the conversation that starts, I’ve gotten to do a lot of that work. It’s hard work. You know, it’s sometimes it feels like the answers are more insightful or actionable than others. But I really enjoy that work. And, and it’s so different. Well, on the one hand, the components and the specifics are so different based on the market and the product, but on the other hand, is sheer just cycling, so the fundamentals and the structure are often very much the same. So you get to do some pattern recognition. 

Yeah, for sure. I’ll see that as well. Right? I mean, people pull me in and as you in your previous roles as an independent consultant, they pull you in, because you’ve got that external perspective, and they don’t have the and you don’t have the curse of the knowledge. That’s but the challenge is, we can guide as consultants and advisors we will guide but at the same time, it takes months and quarters to see if it’s resonating or not. 

Yeah, no, it’s true. It’s True, and perhaps your experience has been the same. Rarely, you know, just a super generalized rarely is the answer from that exercise, hey, you need to tell a bigger story to more people about more things, it’s almost always you need to zoom in on this part over here for these and spend twice as much time on that, which almost always comes with a Oh, but you’ll have to give up these types of deals or this that and it’s really hard to make those, you know, Do this twice as much and this half as much kind of decisions. But it’s almost always that right? 

Yep, for sure. Again, takes me back to the conversation. I was having Geoffrey Moore and he was on the board of one of the companies and I asked him, Okay, what changed? And why did the trajectory of the company change? And he said, to your point exactly that which is the CEO took a bold decision to say, hey, we will not go after XYZ and only focus on a specific segment and persona. 

Yeah, those are hard choices. Those are hard choices. There is a book that comes to mind. Richard Remelt has written a couple of books. Now the first one was good strategy, bad strategy. His most recent one was called the crux. He may have more, but I think they’re great. And what I really like about them is the cut right to this is going to be the hardest part. And all the other stuff you kind of talk about because you’re avoiding the harder part. You know, like, Oh, do we wish they just talk about the hardest part? Because once you’ve got the kernel, as he turns it into a good strategy, or you’ve understood the crux of your primary obstacle to achieving that strategy, everything else kind of falls into place. So a big fan of his books.

Very cool. And then when it comes to again, go to market, what are a couple of things that are keeping you curious or interested? I mean, yeah, I mean, we know ChatGPT and everything. 

One thing that I have been thinking about recently and haven’t had time to think about as much as I’d like is I feel like selling over Zoom, or Teams, or whatever, which is 99% of it now and B2B has changed, has changed the game more than we realize, or perhaps in ways we’re really just starting to realize, right, because they’re not like face to face, knees. They’re also not like being on the phone. And so the way engaging your presentation is, how engaging you are, how you choose to spend that time whether or not people have their cameras on how you architect a sales process, and the role that these meetings play and the role that follows up play. It’s, it’s all been rewritten. And you know, whether you’re taking a challenge or sales approach, or you use something like the Sandler method to do great discovery, like, all those smart approaches need to be sort of readapted for what is a zoom-based selling process? And I feel like we’re still really early actually, in internalizing that and putting that to best work.

No! For sure, especially when it comes to the smaller deal size and the mid-market. deal size. 

Oh, yeah. Right. Yeah. And the difference for your company, if you can close, say, 15-20k deals in 1 meeting versus 2 or 10 meetings is huge. That’s a How do you do that? And, and so anyway, I just feel like that’s, I haven’t read that book yet. Like, what’s what’s really happening now in the way that people buy and sell?

Very cool. And then, yeah, I mean, heading to more of the finish line, and last couple of questions where I know you need to jump on to other things. So you did mention one person, like, I believe, I don’t recall his name, but he was an EVP or VP. Yeah, who shaved your career? So who are like the one two or three people who really played a key role, like a mentor or someone you look up to? And go back to maybe?

Yeah, it’s a good question. I think. Without a doubt, the company I mentioned that I spent seven years at during the early days of the Internet was called Fort Point and Fort Point Partners, and the brothers who were the CO CEOs, Matt and Jamie Roche were incredibly influential. I mean, I was there from 22 to 29. And they have taught me how to be in business. I didn’t realize that at the time, but they also taught me how to be respectful of customers build meaningful teams, and help people have lives at work. And so, so that was a huge influence that I didn’t even appreciate until I was a little bit older. 

I think another person, I have to call out through this, this journey through all these different companies and stages and adventures is, is my wife, Jen, she, you know, because what same thing kind of happens every time right? Dive into some new company, a new industry, and all excited about it, I’m gonna learn this whole thing. And then you’ll fast forward, you know, four or five, six months later, I’m just beating my head against the wall, because I’m really trying to figure out this position and make a mark, you know, and she, one is very supportive. And says, you know, by the way, you chose this, you choose this every time you like this part. Yeah. Don’t forget that you like this part. And then and by the way, you can do it. And so she’s been an incredibly helpful and supportive partner through what has been, you know, a lot of different careers packed into one career. 

So very cool. Very cool. So when this podcast episode comes out, make sure she listens to this. 

There you go. Thank you.

Very cool stuff. And then yeah, the final question for you, Kevin, is if you want to turn back, clock, turn back time, and go back to day one of your go-to-market journey. What advice would you give to yourself?

I think I’d tell myself to follow my intuition a bit more, or not be afraid to follow my intuition. And, and by that, I don’t mean that I was right, more than I thought. It’s not that it’s more realizing that especially in the scaling companies and these emerging markets, there’s such power that comes from the conviction of saying, we’re gonna go that way. And here we go. And that has a huge impact internally, and also externally, as companies see your conviction and direction. And then it’s, it’s too easy to get kind of stuck, even paralyzed and trying to figure out exactly which way to go when you’re only 70-80 %. Sure. And I’d tell my younger self. Yeah, 70%. Just go. And that client gets a 100. 

Yeah, for sure. Intuition. And funny, you said that the reason for being off late, maybe over the last 6 or 12 months, I’ve been doing a bit of reacher research and study around how people build intuition. And it comes down to a couple of things and principles, right? One is, at the end of the day, you’re building pattern recognition. 

Yeah, 

Based on the data and output or results and experiences. Early on in your career, you don’t have that much to build off of, then maybe over the next decade or so after you start your career. That’s when you start building your own instincts. 

Yeah, yeah, exactly. 

Right. I mean, you can learn and research and accelerate the learning from others. But that end of the day, it’s I mean, it’s almost bringing to my mind. It’s like a machine learning model. 

Yeah. Yeah. Well, and to your point being, having the confidence or the opportunity early in our careers, to just say, you know, I don’t know, I haven’t seen this entity before. I’m gonna go ask someone who might know. And that’s okay. You know, being willing to ask for help and ask for advice, which you know, is sometimes hard to do.

So, very cool. Excellent. Thank you for your time. Wonderful conversation. Kevin. Thank you and good luck to you and the team at Kivo.

Thank you. Thank you. Thanks so much for having me.

 

B2B Go-To-Market Leaders | Saranya Ramamurthy | Product Marketing

 B2B Go-To-Market Leaders | Saranya Ramamurthy | Product Marketing

 

Are you exploring product marketing? How should you break into the product marketing roles? In this episode, Saranya Ramamurthy, the Product Marketing Director of inFeedo, explains why she shifted from consultant work to product marketing. Saranya also shared her efforts in structuring her product marketing team and the role of the designer in marketing. Her magic touch in her position made an amazing impact on her leadership team. Let’s join Saranya Ramamurthy today and learn how she made a difference as a product marketing director of inFeedo.

Listen to the podcast here

 

Product Marketing: Saranya Ramamurthy’s Journey Into Her Role, Efforts To Build A Product Marketing Team, And The Role Of A Designer In Marketing

Thank you once again for taking the time to tune into the show. I hope you’re enjoying it. I sincerely request that if you love it, please refer to your peers and your friends. If you can take a minute or even less to rate on whatever platform that use, that’ll be great. The more important thing, and what I’m excited about right now, is I’m getting to host another B2B go-to-market leader. This time it is Saranya Ramamurthy, who is the Director Head of Product Marketing at inFeedo. Welcome to the show, Saranya.

Vijay, thank you so much for hosting me.

I’m excited to have you. I know you’re based out of India. You are the fifth guest, so we are starting to see more guests coming from India, which is a great thing. Something that I’ve started noticing and observing is the go-to-market maturity in Indian organizations is definitely on the rise, which is exciting. I’m sure we’ll dive more into this as we talk.

There’s a lot of advocacy going on, so definitely on the rise.

The standard question that I always taught and ask the guests on my show is how do you view and define go-to-market?

If you simply ask this to anyone, there’s a textbook definition. If you ask a product marketing manager, they would say product market managers are the ones who are building the product and taking the product to the market. I would like to add a little nuance here. I would probably approach it like this. It’s about educating your ICP, which is your ideal customer persona, about the solution you crafted for their pain point. It’s pure, clean 100% education, in my opinion. It’s about knowing your ICP, knowing their problems, knowing which channels they’re active on, and delivering that message with an educational note. Once you’ve educated them, and if the persona is confident that it’ll solve one of their pressing problems, and it is also one of their priorities, they buy it. For me, education is everything.

This is an interesting perspective. I’ve not spoken or had a lot of product marketing folks on the show. It’s funny I say that because I started my marketing journey and career in product marketing. I’ve seen that evolution. When I started back in the day at Microsoft, I was super excited, and enthusiastic, because my job title said Go-to-market. I was eager to find out what that was.

As I learned over the last decade or so, working at large and small companies, something that I’ve noticed is go-to-market, first of all, the definition so varied. Also, something that started percolating and became more and more clear to me is that go-to-market is not just within the realm of product marketing, even though that’s part of the job responsibility. If you see the job spec, they say go-to-market aspects and activities.

What I would like us to deep dive into is first of all, the role of product marketing in go-to-market, but then also the gaps. I have a few thoughts, but I want to pause and get your thoughts because I’m sure you must have seen this in different organizations. You are at leading brands. What are your thoughts on go-to-market specifically when it comes to product marketing?

Go-to-market is product marketing. That’s how we are seeing it in India. It’s part of what we do, and maybe what we do here is define the messaging and the ICPs and tighten them for the market. Taking it to the market or doing the ads is something that an integrated marketing team or segment marketing team would do. PMN scope is validating the ICPs problem which is the first part of PMF in itself. If you have a new product that you want to launch in the existing market, or you want to launch an existing product in the new market, for example, you start with a problem validation. That is an important GTM exercise. It’s a pre-GTM exercise, I would say.

Once you’ve validated your ICP’s priorities, for example, your ICP could have this unmet need that you have defined, but they might probably have ten-plus unmet needs. Where do you stand? What is their priority and how is their willingness to pay a price for a solution like yours? This is the PMF stage, and during the GTM stage, we take all the learnings and craft the messaging for it. That’s a very important step. That is your delivery, educating.

B2B Go-To-Market Leaders | Saranya Ramamurthy | Product Marketing
Product Marketing: Take all the learnings and craft the messaging for it. That’s a very important step.

 

For me, it is education, because I’ve done most of my job in TMF. Right now what I’m doing is educating that I know you have a problem like this, and I have this solution for you. This is what we do in a product marketing function related to GTM. After defining the channels and what communication goes on each of these channels, there’s a different team that takes it over.

What you touched upon is an important, but one piece of the go-to-market. The first step is product marketing, and typically what I’ve seen is product marketing in conjunction with product management peers would do the problem discovery, validation, and come up with a hypothesis for the product market fit. The product marketing function would then run with, “Now that we believe this is our hypothesis, this is the problem we are going to solve for this persona, in this market and for these channels, now we start creating content.” There is also the sales enablement piece that has to happen and a lot of other things.

Beyond product marketing, that’s the initial step for go-to-market, and then it goes to sales. You got SDRs. You have other aspects, and then there’s customer success. Once a product is sold or bought by the customer, based on the product problem hypothesis. Now, are we ensuring that the customer is seeing value? First of all, are we onboarding them in the right way so that they can see the value? For me, go-to-market is a more expanded view. It starts with product management and product marketing, but then there’s a much bigger view that spans across product, marketing, sales, and customer success as well.

A lot of alignment is required in there. This is just one part of it that you’ve covered in the first bit. Imagine you are doing an ad and somebody’s landing on your website and becoming a lead, you put in a message, and the sales talks about something different. There’s a total missing. That’s why this has to be extremely connected. From the messaging that they see on the ads to the website landing page to what the SDR talks about, and what the AE gives as a demo. Onboarding them on a pilot program or onboarding them on a trial package, whatever it is since they should see the benefit that we have promised in the messaging.

I’m sure we’ll cover a lot more of these nuggets in detail. Let’s step back, zoom out, and then tell our audience who Saranya is. What is your journey like, and how did you end up in what you’re doing now?

I’ve been a marketer for decades now. I’ve worked with both SaaS companies and agencies, a good blend of both B2B and B2C. I worked on social media marketing, regional marketing, GTM, and product marketing for a combination of both B2B and B2C companies. If you look at SaaS companies that I work for, it includes Freshworks, Zoho, and Airmeet. From an agency experience, I’ve worked with brands like Facebook, Vodafone, and Lenovo. Regionally, these companies were focusing on markets like APAC, the UK and the EU. At Zoho, the predominant focus was the UK and EU. At Freshworks, I was looking at both APAC and North American markets.

During my agency experience, I’ve got a good market until about the Middle East and Africa market. This is predominantly it. I joined as a consultant for a software reseller. That’s where my foundation came from. I slightly moved away to an agency environment to get the skills of all the things that a marketer should do, all the creative skills, and then dive back into the SaaS space. That’s my journey overall.

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This is something that I’ve started seeing. Founders in India, when they think about a software company, they’re not just talking about the Indian footprint or the Asian footprint, but it’s more about how we go global. That vision or that pursuit is translating to different functions as well, including product marketing. That’s the biggest change I’ve seen over the years. It’s cool that you got to work in agencies and got firsthand experience in how the different parts of the regions worldwide, like marketing in the Middle East, are entirely different from how you market in APAC versus how you would market in North America.

A lot of regional nuances to note here.

You started your work as a consultant, and then you shifted to the agency. What specifically were you doing in an agency?

At an agency, I was predominantly doing marketing strategy and social media strategy. This is for all B2C companies. With Vodafone, we worked on their social media, and at Lenovo, we looked at their video marketing. With Facebook, it was more of a strategic partnership. We helped them with all their top 50 customers, ad creators, ad copies, strategic narrators, etc. It’s a mix of all things with agencies. It is just for you to dive into or explore all the creative possibilities, and all that you could do as a marketer. All things operations did all things creatives at agencies.

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You shifted to product marketing. Was that like a natural transition? How was the shift and why did you choose product marketing?

Since I already had a software foundation, it wasn’t hard for me to move into product marketing. The role that I entered right after my agency experience is the role of a first marketer in the UK and EU team. The company wanted to explore a new market, and they wanted a full-stack marketer. They don’t want anybody that is doing ads. They don’t want anyone who’s looking at copies, messaging, or just an events person doing events for them. Even one of their primary demand-generation channels. They wanted a full-stack marketer with a primary focus on copy messaging and positioning. It was a right fit for me because I gathered all of that from agencies and the software foundational experience. It was a very smooth transition in my opinion.

Now you are the Director of Product Market at inFeedo. Are you the head of product marketing over there?

Yes.

What is your charter? What is your responsibility at inFeedo?

Multiple things. I’m the first product marketer, and I’ve set up a team of five product marketers doing different things. inFeedo has two products. 1 looks at employee engagement, the other 1 is an employee support platform. We are looking at all things GTM, messaging, positioning, pricing, and sales enablement. Sales enablement is a very crucial piece because it’s a sales-led organization. We wanted a dedicated person to look at enabling the SDRs and AEs.

There is a product too which is a 0 to 1 product. It’s a very new product in the market. We are supporting the launch of the product, getting and exploring new markets, and how we launch this in the existing market. Launching also interesting sales plays like cross-selling, how do we capitalize from the existing customers that we already have? These are some things that we are doing away from the usual charter, like enablement of customer advocacy, AR and VR, etc. That’s the usual pillar, but these are some things that we’ve been touching about.

When I work with my clients, I help them either build or execute and accelerate any of these 6 to 8 product marketing programs. Starts with positioning and messaging. We have the customer insights. Do you have a good customer insights program in place? There is the sales enablement, as you mentioned, especially for sales lead organizations, you need sales enablement. You have a new product launch, a new market launch, and two related but entirely different concepts and approaches.

We then have how you build and do you have a good product content program in place? Adding onto that is how are you tracking and evolving product adoption within your customer base. The final piece is customer expansion, which you mentioned about cross-selling and upselling. Would you agree with these or would you expand with all these categories?

They are good. The important piece that we might probably have to add here is customer advocacy as a piece as well. More than intelligence, PMMs usually do advocacy as well. Go and ask them how they do their products. This is a building customer proof for your product. This is also a part of product marketing responsibility. That’s something that I observe as a trend in India. I don’t know how is it in the US, but that is one thing. The other one is AR and VR. That’s also one of the biggest pillars, talking to analysts and constantly keeping in touch with them, having a relationship with them, and informing them about what’s coming in the product. Keeping them posted about what’s coming in the product, and if there are any features that we could do with them.

That’s also one of the important things that we would cover under PMM. That’s predominantly it. You’ve covered it all. If you work in a very scaled-up organization, you will have timelines for these, like launching the new products in the market, exploring a new market in itself. Right now, we are doing all of these things. All you said, we are doing all of those things because inFeedo is in that stage, so we are a new product marketing team, so we have different spots taking care of different things at the moment.

B2B Go-To-Market Leaders | Saranya Ramamurthy | Product Marketing
Product Marketing: If you work in a scaled-up organization, you will have timelines for launching new products in the markets and exploring a new market.

 

How did you structure your product marketing team? You said you have five product marketers. What is your thought process in how you structured? What is your research methodology how do you build the product marketing organization, and then how do you structure the organization?

If you ask me, my usual way of looking at it is there should be one person who takes care of all things product launches and feature launches. There is one person who is dedicated to enablement and for customer advocacy and customer proof, anything customer intel, market intel, or intelligence comes from this third person. The fourth person takes care of AR and VR. That’s how I would probably segregate. Looking at the budgets that we have and the areas that we want to invest in this is how I’ve done it now.

I have a couple of people under engagement as a product, one person is closely aligning with the product and doing all things that the product wants, the product marketing to do, and the other person closely aligning with sales and customer success and the GTM organizations to enable them to grow and sell. That’s something this person’s doing. It’s an in-and-out enablement role. There is this third role, a little mature role. It’s an all-in-one end-to-end PMM role for a new product. This person does anything around product enablement, sales enablement, and customer enablement. Once we launch this particular customer and implement the solution in the customer please, how do we increase our options for that organization until then?

Starting from launching the product to going to the customer please and increasing adoption of the product usage. That’s something that we do on that part. We also have a generalist who does all things PMM for both products. There’s a designer to look at the design needs of the PMM organization, that’s how you’ve structured it now. There are some gaps. At inFeedo the interesting part is customer advocacy is handled by the content marketing team. Unlike the organizations that I’ve worked with in the past, Freshworks, Zoho, or Airmeet, here, customer advocacy is handled by content marketing. That’s one thing less for us to worry about at this point. That’s how I’m looking at it because there are a lot of things going on. AR and VR are something that I’m doing myself.

B2B Go-To-Market Leaders | Saranya Ramamurthy | Product Marketing
Product Marketing: At inFeedo, the interesting part is handling customer advocacy by the content marketing team.

 

Can you reiterate the customer advocacy? Who is responsible for customer advocacy at, inFeedo?

It’s content marketing.

Content marketing is fair enough. It’s primarily around case studies and success stories. That’s the angle that you’re taking for customer advocacy at inFeedo.

It’s a history and that person is very comfortable, very senior enough. I don’t think I can get somebody that senior enough to look at customer advocacy and the PMM team at this point. I’m super comfortable that she’s handling this for us.

You also mentioned about designer. Does a designer report to you within product marketing, or it’s adjacent?

The designer reports to me.

That’s unique. That’s a very interesting setup. For me, when I speak with other go-to-market leaders, I also peek into how they’re thinking about building their organizations and teams. Something that stood out for me, and that has to be called out, especially for product marketing, you need to have someone in design closely working with you. A good thing you’re already starting in that direction from the get-go.

That’s very important. That’s been a major miss in my previous organizations. I made sure that the designer came under the PMM purview so that everybody was comfortable getting the work done from them. It’s very important to have a designer in the house.

Something that I’ve seen, and this is a constant I keep getting from the audience and other folks I speak with, especially when it comes to design. What is your guidance and playbook? Just pick an example. Maybe it’s a product launch or a customer expansion program. How are you guiding your team in interacting with the designer on your team?

One thing that I’ve taken as an added responsibility is rebranding. inFeedo needs a little bit of rebranding in terms of how we present ourselves to the world. This is something that we have taken up with a consultant. The consultant will define a playbook for us. Right now we don’t have a playbook. We only have the colors and the font for now. We don’t have any styles on what photographs or illustrations to use, what style do we use. Every time, it’s me and the VP of marketing sitting and defining this process. Why it is very important that every time a designer starts a design work, they always start from scratch. There is no reference for them to go back. No playbooks or no brand guidelines for them to refer to.

They always start from scratch, which in turn takes a lot of time. For example, if they need to do a deck, they would take 2 or 3 days, unlike if they had brand guidelines, they would only take half a day. We invested in this effort rebranding that’s happening in this quarter in OND, October, November, December. It’s expected that the consultant will give us the brand guidelines with all the prerequisites that we already discussed, and that will act as a guide for the design. That’s something that we are looking at. All intel and insights from the CXOs would be passed on to the consultant and then we would arrive at something together. That’s a project that I’ve taken up. I don’t think this is under product marketing purview, it’s branding. We don’t have a branding person internally. I’ve taken that as a side gig.

Typically it’s under Marcom or brand who would typically do this, but sounds like you just mentioned it because no one’s taking that responsibility, just brand with that. You’re working with your VP of marketing around brand and design as well.

We’re looking at it as product branding because of the product brand. We are the ones who are naming these products. We are the ones who are naming these bots and naming any new products that we are launching in the market. If that’s the case, then we could also probably be a key contributor with branding until we have the senior branding person in-house.

B2B Go-To-Market Leaders | Saranya Ramamurthy | Product Marketing
Product Marketing: inFeedo could be a key contributor to branding until you find a senior branding person in-house.

 

What is the whole that the branding consultant is doing? Is it around the style guide, the content writing style guide, or is it something beyond and more than that?

It’s the design style guide. Messaging, positioning, and all of it will be done by us. All the content guides will be made by the content marketing and product marketing together. He would be looking at all things design. It will have that essential kit. It has a brand guideline like this of your website should look like, this sales skill should look like, and this of the social post should look like so it gives you all the guidelines possible.

For consistency across all channels, which is good. Saranya, that’s a great insight. Thank you for sharing how you thought about how you built your product marketing team and organization as well as the role of the designer in your marketing overall. Something else related to that is how you track and measure the impact of product marketing, like KPIs. You mentioned your quarterly offset and things like that. Talk to us about how you think about KPIs and how you show impact to the leadership team.

If you’d asked me a couple of months ago, my definition would probably be different but now my ideology changed a little bit. inFeedo gave a little bit of change in my thought process. To define it simply, product marketing wouldn’t have one universal KPI to chase because we are intersecting with multiple cross-functional teams. We are intersecting with sales and impacting revenue. We are intersecting with products and impacting adoption. Awareness, adoption, activation, and all of these KPIs. We are also doing a lot of awareness-related stuff. We are building pipe with growth marketing. We are helping with messaging for new advertisements or any change in the messaging pillars, etc. It’s about the goals that we own in that particular quarter, along with the cross-functional stakeholders.

B2B Go-To-Market Leaders | Saranya Ramamurthy | Product Marketing
Product Marketing: Product marketing wouldn’t have one universal KPI to chase because we intersect with multiple cross-functional teams.

 

For example, if the product’s focus is to drive activation for a particular feature at the end of this quarter, so many customers should be activated for this new feature. That means a product marketers, one of the KPIs would be around activating. We take a shared goal so that there is no alignment mismatch. You go to a cross-functional stakeholder. There’s been a lot of times in the past that I go to a cross-functional stakeholder and ask for something that I want to do, and it’s not even there in their KPIs. It’s not their job. They need not do this.

Right now it’s very easy because we all do shared KPIs, we all take shared KPIs. From a sales enablement perspective, we take KPIs on win rate conversions. It could be MQL to SAL conversions, any improvements there. It could also be a number like I need to do DLSs for so many deals so that we help the sales sell faster and smarter. That’s predominantly it. It’s multiple KPIs and each board will take multiple KPIs basis their alignment with product sales or growth marketing teams.

How do you track the two angles to this, which is you are giving your priorities to your product marketing reports and the designer to ensure that the KPIs are being tracked and you’re making progress? At the same time, you need to report progress to the cross-functional peers and the leadership team.

I should do that. For example, if I have a launch person in the team and they take a launch or activation. The bloated KPI is also my KPI. What does the launch help? It helps customer expansion and customer enablement. I’ll take a bloated KPI and the team takes an operational KPI or tactical KPI. Whatever the product wants to. There is part two, which is the enablement KPI, whatever the enablement per person has as a goal, building pipe, helping the SDRs to have a better MQL-SAL conversion and having a better win rate in the mid-market and enterprise segment or whatever it is. I’ll have a bloated or a combined KPI, all things covered, that will be my KPI two. Product will be my KPI 1, sales will be my KPI 2, I thought would be any strategic projects that we are doing, launching a new product in the new market, launching an existing product in the new market, or anything of that. All of it aligns with the company’s goals.

How you’re spending a budget? Do you have a budget or is most of the budget typically with the demand and the media side of things?

Product marketing here doesn’t have an exclusive budget. We have a shared budget as a marketing team. Basis priority, for example, how we got a branding consultant this quarter. That’s because two other stakeholders from demand had to let go of their priority projects. It’s us discussing and debating which is more important to the organization now. It’s just the overall marketing budget that we shared.

Talking about KPIs is something that I’ve seen, and obviously, you can relate to this. Product marketing plays a key role in go-to-market, but then the KPIs or the needle that they move, it takes 1 or even 2 quarters for them to see the impact that plays out. How are you beating the drum rightly so that your team is doing the right things and working on the right priorities, and how are you ensuring that the budget or the people are not taken away while people are waiting to see the results of product marketing activities?

This is how my VP of marketing puts it. Every other activity has a leading indicator and a lagging indicator. A lagging indicator could have multiple leading indicators to it. There are phases of this project that we need to define. At the end of phase one, I should operationally complete this task. At the end of phase two, I should have completed this task. At the end of the project itself, that’s when we start implementing this or rolling this out entirely and then start creeping the benefit of lagging indicators. This is how my VP of marketing puts it.

I would probably say that it’s not that difficult to have a metric-centric KPI for a quarter. It’s not all things are lagging. For example, if you say my sales lifecycle is huge, and that’s why I feel like all the things that I’m doing in DLSS will not probably help. Most of the deals like in the early stages and it not convert in this quarter. If I have a win rate conversion KPI, I would not need it. It’s impossible because we’re built on a pipe and there are a lot of deals in the closing stages in this quarter tool.

We can frame a KPI in such a way that we could put a metric that could also be achievable, and we can go back to the leadership and tell them that so far it’s worked that way. We’ve taken KPIs for two quarters and it’s worked well for us to date except for the branding project, which is not the product marketing project. It’s something that we are doing for awareness and better branding purposes.

Not everything is a success or a failure when it comes to go-to-market. Why don’t you share with the audience 1 go-to-market success story and 1 go-to-market failure story either inFeedo, Airmeet, Zoho or whichever brands that you are part of?

I’ll go a little confidential here. This company that I worked with had a couple of products. Imagine product A is our flagship product. Product B is the one that is new, very young, and isn’t giving much revenue to the company. It’s easy to call it the least favorite product. I was the PMM for this least favorite product, unfortunately, but I’m happy. We were able to do a lot of experiments there. We were running multiple validations in existing markets, and we were also running PMFs to enter into new markets.

While doing the research around the market on the competition, looking at our product sales in the last two years, we figured that 50% of the accounts that are using product B are also product A users. They are using this product together. We also spoke to a few of these customers and validated multiple things on the problems that Product A solves for Product B solves for. Also, we’ve validated this beautiful narrative that ties both product A and product B USPs. This is something that we’ve not done because the data gave us this, and then we started getting on calls with these customers and started validating this narrative, and it was all successful.

We figured out that with the help of product A, they were able to solve a functional pain point. At a functional level, there is a pain point, and the product A was able to solve for it. With both products, they were able to expand it a little further and create more visibility cross-functionally. It had some org-level impact. With Product A, there was a functional-level impact, and with Product B, there was an org-level impact. This was a huge narrative for us. That gave us a good reason for us to go behind the product A install base.

In weeks, we launched a cross-sell play. That’s a sales motion that we launched with a very lean effort we were a three-member PMM team and only one head of marketing and I focusing on this initiative. The sales members were already busy selling the flagship product. How do we motivate and train them? We launched this cross-sell like we launched all the training, we launched co-laterals, content pieces, and everything around it. We had a brand list that we went behind and we created a pipe of $1.5 million in just one quarter. All with the existing resources.

We even ask for extra budgets, everything organic. We even ask for extra team members, focus team members. The beauty here is that we have built this enterprise and mid-market pipe in the future with converts. It’s less likely to churn according to the data that we had as well. The learnings here are the sales motion that we are looking to create, the narrative that we are trying to craft, and the PMF that we are trying to find, everything is right in front of us. We need not start with a clean slate or a narrative, open an empty document, and start putting down data. There is something that you can get from your customer conversations or prospect conversations. You need not start a playbook without having an idea of what is making an impact and what’s not because there is already a lot of data in front of you, a lot of intel that is in front of you. That has been an eye-opener for me to rely on data.

That was a success story. The insight that he got was Product B elevated Product A functional impact, and Product B elevated it to a cross-functional and organizational impact. How did you arrive at that insight? What places were you looking at for the data?

We never combined product A and product B in the first place. We were looking at this as a product separately. At inFeedo as well, we are trying too hard to bring a story together for engagement and support as a product, but it’s not blending. Now, we never looked at a blended use case, but we knew that some benefits could happen, so we strengthened the integrations a little bit. Even during the validation stage and after validating, we came back, strengthened the use cases a little bit, and then it became a little more effective. Still, we were able to see the narrative through. It just has to happen. You need to discover, sit with data, understand, and see if there is a story behind every number that you’re seeing.

What were the data sources? Where were you looking for this?

These are our internal sources because it’s just our products.

Was it CRM or was it product adoption metrics?

It’s our internal analytics tool.

Switching gears a bit over here. What about the go-to-market failure story and the lessons that you learned from there?

A lot of interesting things there as well. We all have our successes and failures. A lot of failures. When you start, you fail the most. For me, also, it’s the same. When I switched to the SaaS company, that’s when I understood this is not how SaaS companies work. Agencies could probably work this way. That is the trend. I’m not a big fan of riding behind trends. From your agency experience, you could probably rely too much on trends, but in a SaaS company, it wouldn’t work that way. It failed me in a lot of places, I’m saying this because right now I’m working for an AI company, which is a trend these days.

Both the products are powered by AI at inFeedo, and I also used to work for a company called Airmeet, which was into virtual events during the pandemic, which was the trend then. I will tell you why I hate trends right now because trends could come and go but the product should already have a larger purpose, and it has to look at the larger problem that it should solve. For example, during the pandemic, the trend was virtual events. We use virtual events, we abused the term virtual events, literally. It evolved into a hybrid, once things started opening up a little bit. Everybody was talking about, “Let’s chuck virtual events. Let’s go into a hybrid.” Now it has completely changed, and I’m sure like every other virtual event looking at a different route altogether.

The trend is not here to stay. The flip side of the trend is also like, what if my current ICP is the HR leader, what if they don’t get this trend? They don’t know this, they need a masterclass. Or what if their staff are not trained to use an AI? What if it scares them? Everybody’s talking like, “What if it’s complex?” There are also multiple platforms like Lyndon and all of these learning sources and communities that talk about these trends, both positively and negatively. What if when they’re talking about the negative things about AI or virtual events, it would impact my ICP’s decision-making as well?

When somebody talks about the flip side of AI in an HR community, I would get more questions during my calls with the customers. The most important part here is if you’re looking at enterprise and mid-market as your customer segment, you clearly shouldn’t go behind trend because they would not rely on a fleeting trend. They know that it’s going to change. Now is AI, and next is something else. They always go behind a trustworthy product and trustworthy founding team. That’s why I’m totally against it.

The second thing that has failed me is the timing, both of these. We launched a focused team effort with the proper dedicated budgets. I told you about the cross-sell motion, which was a clean effort, with no budgets, but we still did it. This was dedicated. We got the budgets, we got the focus team as well dedicated to selling into a vertical, but this is when the companies were heavily downsizing, restructuring, and cost-cutting.

Cost cutting was an advantage for us because we wanted to replace a costly alternative. Still, now, nobody was evaluating all our bonds were not answered. Nobody was in the mindset ready to spend that time to replace a solution, give that implementation time extra. That’s also something that failed me. Trend timing, both are my villains at this point.

Timing and trend for sure. You mentioned something that caught my attention. A really important factor in how to become a better marketer. How often do you meet with customers and in what format or what context?

After the pandemic meeting them in a physical event has reduced. We are meeting them more virtually now. It could be every week we get on sales calls. We get validation interviews with customers to validate an idea or a solution. It’s not just you going on a call with them to understand them. It is also in the communities. You can go and be a part of the communities that they are most active in, especially HR communities. There are plenty of communities. There is a channel called Slack channel called People. There are a lot of HR communities on LinkedIn where they put their day-to-day problems. That’s where you consume this content.

It’s also important for you to consume raw content. When you’re going on a call, maybe you’re posting like, “Do you like this? Are you okay with this? Is this your problem?” We ask a lot of pointed questions, but when you go to communities, you tend to get raw data on how their day-to-day is looking. That’s also one of the avenues that I usually go on. The third could be any recorded calls. Even if I’m not able to catch up with customers in person, I go on customer calls, listen to them, understand their pain points, and admit their needs. Come back to my drawing board and make changes or tweaks in the messaging, if any.

Do you have any specific cadence or frequency for each of these weekly?

I do this daily. My 10:00 to 11:00 is blocked to know the customer.

That’s what I was hoping to hear. I’m glad that you said it’s daily. I want to give guidance to the audience as to how they should be planning the day and week when it comes to knowing the customers.

My 10:00 to 11:00 is to prepare and know the customer. It has links to all the communities that I follow. I can pick, go, and check if there are any new messages in there. Read anything or listen to a new chorus call. That’s all I do.

Based on what you shared, you’ve got a very good product marketing DNA and a product marketing muscle based on how you structure the organization, the right people in the right seats, and their prioritizing customer knowledge or insights. Given all these things, what would you put as the top 1, 2, 3 challenges for product marketing? Where is the biggest shot for gaps?

The biggest shortfall is you might tend to phase a lot of delays in decision-making because there are a lot of stakeholders involved in making a product marketing decision. For example, if you’re exploring a new market, it is not just you, but you are a part. There are CXOs in the team, LT members, leadership in the team, product leadership, sales leadership, and multiple people. It’s effective to get all their point of view, but curating all those points of view and having a proper plan of action could probably be delayed. That is something that we need to be extremely patient on. It is going to delay. This is something that I’ve been trying to solve for a long time. That is one of the biggest disadvantages.

It's effective to get everyone's point of view, but curating those views and having a proper plan of action could be different. Share on X

The second would probably be not all your ideas will be approved. Getting a buy-in is difficult. Until an analyst backs it with data, you back it with all the intelligence that is available in the market. Getting buy-ins is not a joke. You cannot probably have an idea now and toss it to your cross-functional leaders the next day. If you have an idea now, you do your research the next day and then invest a little more time in talking to cross-functional leaders and understanding their perspectives on this on day three. Going to them with that. We always need to spend that time doing that research. Buy-ins and delays in launching something or delays in crafting a plan of action is something that’s a disadvantage.

Those are all valid. It can apply to any other function as well. Since stakeholders are part of the decision-making process, that’s a given. When it comes to those 8 or 10 product marketing programs that we talked about earlier, where would you put your finger and say, “That’s a challenge that I want to invest in going forward?” The positioning and messaging, customer expansion, new product launch, new market launch, AR, VR, product content, and customer insights.

If you look at it inside every other part that you’re talking about, there is a challenge. There is one challenge or the other. For example, in sales enablement, you might probably craft a narrative. You might think that is this the best thing that you could probably do. While taking it to sales, there are a lot of objections that you might probably want to handle. They will not implement it. They would say we are comfortable with the older narrator. Why are we changing this now? What are the reasons we are changing it now? Even after training, they would still be very comfortable with old change management and getting that adoption for all the sales that you’re creating. You might create ten of such usual collaterals.

Everybody will be reacting fire on it whenever you put it on Slack, but still there is no usage then you can’t show any metrics to the leadership team as well. That is one of the challenges in sales anymore. There are multiple things under each of these parts. It’s part of our job to tackle all of these challenges. I’m so used to sailing within these challenges that I don’t even look at this as a challenge anymore. It’s a part and parcel of life. That’s why I said something irrelevant to product marketing.

If you’re open to it, I can share some advice as to how I tackle that specific sales enablement challenge. This is for my clients as well. One thing that I do is I typically get a champion within the sales team and ideally should be the top seller. Get his or her buy-in, and pilot the program with them. If you’re trying to do a new sales narrative, pilot it with that seller, and then maybe she or he would do that pitch and then show to the sales team, or in the annual or quarterly sales kickoff, they’ll say, “By the way, with this new narrative, I’m seeing so much more pipeline growth and traction. This is cool. You guys should take this on.” Let your salesperson be the champion on your behalf.

This is something that we did as well. We had a closed loop of sales leadership that was ready to try it for at least 2 calls a week and we gave 1 month. We got perspectives from all those four core leaders, curated all of them, got them on a call, and let them launch it. This is exactly what we did as well. Having a champion is valid in a proper deal scenario we should have a person inside that deal and also in this case as well.

Brace yourself. It's completely normal to lose a battle. There are multiple battles that you'd be facing daily. But you'll only get stronger with time. So, product marketing grows on you. Share on X

The last question to you is if you were to turn back the clock and look back at your career journey so far, what advice would you give to your younger self on day one of your go-to-market journey? This is more advice you can’t turn backlog and change anything, but then advice that you would want the audience to take away.

I don’t think I could save my angry self from any of the battles that I’ve faced. Maybe I would tell her to brace herself and it’s completely normal to lose a battle because there are multiple battles that you’d be facing on a day-to-day basis. We would be talking to sales or products, multiple battles, multiple buy-ins, and multiple decisions to be made. You would have battles and disagreements you will not probably have leadership sign-off or anything but you’ll only get stronger with time. Product marketing grows on you. You don’t get it, but you will get it someday. On day one, it’s not possible. As you grow, like PMM grows on you you will get stronger with time. That’s something I would tell my younger self and the audience as well.

Thank you so much for your time and for sharing all those insights, Saranya. Good luck to you and your team.

Thanks so much, Vijay.

 

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B2B 59 | Pillars Of Empowerment

B2B 59 | Pillars Of Empowerment

 

Building successful go-to-market strategies is all about collaboration, respect, and a culture of betterment. It’s a journey of breaking down silos and embracing the path to profitability, where every team member’s value is celebrated. For today’s episode, we will explore the heart and soul of a thriving go-to-market strategy. Meet our guest, Gianna Scorsone, CEO of Champion, who shares the secrets to successful product marketing, and how collaboration with sales and customer success can be the key to winning in the market. Gianna shares her five pillars of empowerment, shedding light on building a culture of betterment and respect within your team. Her journey from profit-focused startups to multi-million-dollar enterprises gave her plenty of lessons on how to build a thriving go-to-market strategy, and today, she shares it with you. Join us in discovering the insights, mentorship, and leadership that drive business success.

Listen to the podcast here

 

Go-To-Market Success: Pillars Of Empowerment, Mentorship, And The Customer Voice With Gianna Scorsone

In this episode, I have the pleasure of hosting another great and exciting guest. Her name is Gianna Scorsone. She is the COO of Champion. Prior to this, she was the GM Head of North America at a hot and fast-scaling startup Aircall. Welcome to the show, Gianna.

Thank you. It’s great to be here.

Let’s dive right into all this conversation with this topic and question, which the readers love as well as the guests love. How do you view and define go-to-market?

I love how we are starting with a very big, bold, and broad question, but I would have to say go-to-market, at its core or boiling it down, is how an organization or a company shows up in the face of the customer. It’s the convergence between marketing, sales, product, or services depending on what your business line is, as well as customer success. I’d say that customer success in the product has traditionally been left out of that equation when you think of go-to-market, but that’s something services do well in thinking about that post-sale customer interaction.

On the product side, there’s customer success in your traditional way, but we are talking about the go-to-market function and driving revenue from it. It focuses on identifying the market, the IPC, and the need, and how a company will position the value prop and show up for the customer wherever they are in that journey. That’s what I meant by product typically leaving out that customer in that post-sale as it relates to generating more revenue. That’s what everyone’s trying to scramble and figure out now.

We will get into that because you are living this day in and day out at Champion. It always starts with the customer and the problem that you are trying to solve, and how your product is solving that, and then you internally align your product, your marketing, your sales, and your customer success around that problem and persona you are pursuing.

You said it better than I did. You got it.

Let’s backtrack here. Let’s zoom out. Why don’t you share with the readers your career story as to what led you to what you are and who you are serving?

Thank you for that opportunity. It’s fun to be able to reflect and think about that journey and how much changed or grown over the years. I have had twenty-plus years as a go-to-market leader. I started in retail and I am so thankful that I got my start there. That is the foundation of who I am as a leader. I’d love to share a little bit more about that. I worked in a very high-volume store. What that meant was that I had anywhere up to 40 staff members working who were not on commission, and I had to learn how to communicate a common goal and how to tap into intrinsically motivating them to want to contribute to that big picture even though they weren’t compensated for it.

Retail has done an amazing job for decades in communicating the right metrics at the right time to inform the employees and the leadership how they need to move forward to beat targets, and at the same time, how you manage running that store, managing all of the customers, and giving that optimal customer experience in a way that feels very personalized but at scale because of the high volume. That was the precipice to understanding the inner workings but doing it live that translates to B2B sales.

Is this a time at Express or somewhere else?

It sure was. That was my time at Express. I got to give them a lot of kudos. Robin Summas was my regional manager and she was powerful in helping me understand what business meant. Likewise, I had a district manager, Liz Hughes, who was a coach and taught me how to coach a team to empowerment and success. That translates so strongly into the B2B tech world. From Express, I went to tech services. I worked for a company called Bluewolf. They were the first and premier partner of Salesforce and developed that blueprint of what partnerships meant within the ecosystem.

It was incredible to learn how to focus on the power of network and how to utilize your customers to be your catalyst to growth and success. We spun off from there. Another tech services firm was Mondo. I helped scale that business as an executive from $0 to $100 million and helped both Bluewolf and Mondo go-to-market. We sold respectively to IBM and the Addison Group. I then hopped over to Aircall moving on the product side for the first time.

B2B 59 | Pillars Of Empowerment
Pillars Of Empowerment: Focus on the power of network, in how to utilize your customers to be your catalyst to growth and success.

 

You did mention Bluewolf in the services industry around Salesforce implementation.

Salesforce implementation and customization, and then it brought into the full ecosystem HubSpot partnership and Marketo. We were early and fast movers around this idea of building a best-in-class tech stack within the SaaS arena.

Mondo, was it your first entry into tech products?

Mondo was also in services. That was tech and digital marketing staffing, which was a natural result of Bluewolf. They were sister companies for a long time, but we had superfluous infrastructure. To propel growth on both sides, we decided to split both companies, but first in the product was Aircall.

In between, you had a little stunt Women for Biden. That’s pretty interesting.

I felt like I needed to contribute to society. Tech has done me very well in the world. I feel very fortunate about what it has afforded me. I felt like I was able to take some time off. I wanted to give back to the community and to my beliefs in impacting society. I helped run the digital campaign, which was a grassroots effort.

A lot of powerful women from tech and media came together. We formed a group called Women for Biden. My role was part of this strategic group to help operationalize and help activate the hand raisers. I created a blueprint and all of the training to get all of these wonderful women across America, who wanted to contribute to this cause. We enabled them to become advocates and gain more votership. It was a cool experience.

I can see that excitement on your face. After that, you got a break into the tech world Aircall. How did you get that break? Your career journey until that point was in the services world.

It was services, but it was tech services. What I did within Mondo was build our best-in-class tech stack. I was using products all of the time. I ran RevOps. It’s this philosophy of how you use tools, how a user uses them, and what they need to gain from it. From there, honestly, services and products, it’s not that different.

I was able to grow the territory 2.5X or 3X in the year and a half that I was there in partnership with Jeff, my Cofounder of Champion. We were wildly successful. For my Bluewolf days, there was also a strong partnership play, and that was something that I brought to Aircall. That was our fastest-growing growth channel as well. We had a great team leading that front, but I had lived and breathed that ideology for a long time and was able to strengthen and gain more focus and budget around those efforts as well.

Talk to us about Champion. Why did you do that? You were one of the cofounders along with Jeff and your CTO. Tell us about what prompted the three of you to start this.

What prompted me to start with Jeff was I love Jeff as a human being and he’s amazing. Let’s say that. We have partnered with a third Cofounder, Courtney Crispin, who’s the CTO. She is the one who’s powering our ability to bring this to the market, which is exciting. She comes from the Salesforce world and has brought an engineering team that is just true geniuses. They come from the Einstein team and marketing cloud. It’s amazing to see that level of talent at such an early-stage company building that AI moat that’s going to power Champion.

Why we built it? Jeff and I are great partners at Aircall. He was the Global CMO. I ran North America’s go-to-market. What had traditionally worked in our demand gen funnel and our sales funnel was that mix between outbound and inbound, that traditional funnel, but we had this amazing customer base. There was always that thought that we should be doing more with our customers.

As I mentioned, I come from the services world where everything was about your network and harboring your customers to do more with them. That didn’t exist in the product world as much. Marketing traditionally does such an amazing job of focusing on pre-sales of generating leads and demand gen. The focus started to shift a few years ago into customer marketing and how customer marketing can impact revenue channels, but there was still that question mark of how. Honestly, it was a little bit fluffy because it’s so complex and there weren’t great tools to help facilitate that.

We are the first platform to focus on post-sale marketing programs to generate profitable growth through your customer base. As everyone’s talking about efficient growth, the huge part of that equation is driving more revenue and retention within your customer base, and now this is an easy way to execute regular repeatable programs to drive consistency and fill that gap where outbounds are not as effective anymore.

We are hearing from a lot of our customers that traditional demand gen efforts aren’t working the way that they used to, and they need to fill that data with a new revenue source. That’s your customers. I’m passionate about this because it’s a no-brainer. Everyone has talked about it for years and it’s known that it’s cheaper to sell within your customer base. It’s more efficient to do so. It’s easier to do so, and yet that focus hasn’t been there because we have all been hyper-focused in the SaaS world on net new. Now, the market is primed. That shift has come of the understanding that retention is what North Star metric expansion is and generating more hot leads that will convert faster to continue to prime net new as well.

At the surface level, I completely agree and align with what you guys are doing with Champion. I have two questions. I’m curious about how you went about validating the problem and the market size of this. That’s one. The related question is, there’s been this growing movement around customer marketing. There are tech startups that have been funded and raised a good amount of VC money in customer marketing. Let’s start with the first one. How did it go about validating the problem in the space?

How you go about validating the problem is by talking to as many people or your buyer as humanly possible. At this point, I want to say we have spoken to at least 1,000 leaders, and that’s not an exaggeration. That’s where it starts. Also, I or Jeff was this person. We are operators who have both respectively have scaled multiple organizations to the $100 million to $250 million mark, and we experienced these challenges firsthand.

The second related question was whether this falls in the AI domain of customer marketing. There’s been a growing movement in customer marketing. In your interviews with the prospective buyers, how are you focusing on that gap that customer marketing tech companies are not addressing?

That differentiator is we follow the whole customer journey. That’s vastly important because a lot of tech consolidation is also happening now. Part of why there’s a lot of tech consolidation aside from cost is that there’s confusion and complexity to getting all of these data points from all of these disparate tools impacting that one main initiative, which is how we continue to drive revenue and understand the stickiness of our customers.

When you have data all over the place for multiple teams or even the same team, it becomes complex to utilize them in a meaningful way. Where we are coming with our approach and philosophy is that we need to break down silos and understand that the byproduct of what customer marketing is doing impacts the sales team and the customer success team.

B2B 59 | Pillars Of Empowerment
Pillars Of Empowerment: When you have data all over the place for multiple teams or even the same team, it becomes really complex to utilize them in a meaningful way.

 

We view ourselves as this control center. I didn’t coin that. The head of customer marketing at Slack had said that, and I was like, “You nailed it, Bridget. That’s exactly what it is.” We are this control center for customer marketing to be able to do these plays that are going to impact sales like reference programs and referral programs. First of all, identify who the champions are. That’s where it all starts. That’s through our AI moat.

You get them activated and then you put them into these plays that are going to generate revenue, so references and referrals that will help sales. It’s looking at the user-level aggregate to help power customer success because their tools don’t have user-level visibility. We do. Also, it’s looking at job changes. We track job changes because that’s part of the life cycle of the customer journey. They are going to move on.

That’s your champion. You don’t want to lose them and you don’t need to lose them. Bring them back through the new company that they are with, and at the same time, start getting new champions within that logo that they left. That’s where we have differed from those customer marketing orgs that are out there, as you mentioned.

It’s up to your comfort level and space. Do you mind sharing where you are in terms of business growth, number of customers, funds raised, and revenue?

We are excited. We started our company in April 2023 and we launched our beta in early August 2023. We are very excited about what we brought about, and we have got our first cohort of clients, which is around ten, I believe. Now, we are securing our second cohort of customers. For all of the product people reading, you will be very happy to know all of the engineers out there.

We are doing a great job, Jeff and myself, curating the right list of customers who narrowly fit into the vision of our product. They are early adopters. They are helping us influence our continued roadmap. As you asked, how are we validating this? We are going to continue to validate by getting the right customers on board. We also don’t want to distract our engineering team. We are focused and we have a very acute understanding of the problem that we solve, and we want to make sure that we keep them hyper-focused without taking these peripheral or fringe deals out there.

Did I hear this right that you said you founded the company or you raised the seed down in April 2023 and the first beta went out in August?

We are a studio brand out of High Alpha, and so we had some initial funding from them and we are raising our seed round now.

The reason why I want to highlight that is it is pretty impressive in a short timeframe like April to August and having data customers. That’s very impressive.

They are enterprise-level as well, which is also part of our strategy. We are an enterprise platform. We wanted to go about the market in a way that was sustainable for us and where we wanted to go from the start. It’s incredible that our engineering team produced something powerful enough so that enterprise clients feel comfortable using a beta and are believing in this vision to grow the product with us.

My guess and hypothesis is it’s not that you started doing the market research and lining up the betas in April. That groundwork must have been done way before.

Jeff started in January 2023 doing a lot of this groundwork of talking to very many people. I came on board a little bit afterward, and that was my initiative in the first couple of months that I joined. We formally formed the company in April of 2023. You are right that there were a lot of months of legwork before then. Jeff and I are very successful operators who experience this problem. It’s years of culminating many conversations with people within our networks and peers as we were learning to do and excel in our jobs. This is something that peer-to-peer we have heard for very many years.

January is when Jeff and you guys must have incorporated Champion. In April, you were accepted in the studio, and then August is when you lined up.

January with the studio and April incorporated, but January to April was all about market research.

The reason why I’m asking is there are quite a few aspiring founders of this show, so this is good advice to them as to how to pursue the validation piece.

If anyone reading wants to ask more direct questions, feel free to reach out on LinkedIn. We are happy to have conversations with new founders as well.

Thank you for sharing the tactical piece as to how you guys founded, incorporated, and went to market for Champion. Switching gears a bit over here, you had a very storied and long career when it comes to go-to-market and go-to-market failures. You have seen enough of those, so why don’t you share it with us? It’s up to you if you want to start with a failure or a success, but we love to know both success and failure stories. It can be from Mondo or Aircall.

This is a silly example but it sticks with me because part of my experience and part of what I have done is build sales training. I have enabled thousands of reps over the years to have best-in-class practices. It’s so strange to now be back in the sales arena on the floor doing the sales myself. I feel like I’m rewinding to the beginnings of my career. You would think that I have all of the best practices down the path and that I’m holding myself accountable to all of them. My founder’s life was slammed, having to change hats from investor call to board call, to new client call, to internal meeting, and to writing content for the website, and I had a meeting. Honestly, I simply didn’t prepare for the meeting.

I realized, halfway in when they brought it up to me that we knew someone in common. Their boss was someone that I had previously worked with. Had I brought that up or had I used that network opportunity, it would have driven my credibility way up and it would have made for a much warmer conversation in the beginning. On top of that, it showed that I didn’t do my homework. If you are not putting the effort in for your customer or for your prospect ahead of time, why on earth would they think that you’d put the effort in for them afterward? It’s treating them transactionally.

B2B 59 | Pillars Of Empowerment
Pillars Of Empowerment: If you’re not putting the effort in for your customer or for your prospect ahead of time, why on Earth would they think that you’d put the effort in for them afterward?

 

It’s treating them like a number as opposed to an individual with real needs, real pain, and a real story. It was embarrassing, quite frankly. I was embarrassed with myself and I have not made that mistake again. It’s about that balance and making sure that I’m maximizing every opportunity because, at this stage of the game, you have to and, at any stage, it’s the right thing to do. That’s how you build a thoughtful organization.

I can see why it led to an embarrassing moment, but I’m assuming it wouldn’t have been that expensive failure or that the cost was not that bad an option. Is that fair?

It wasn’t that bad. That’s fair.

Let’s switch gears. Go-to-market success story from your time at Aircall.

We worked very prominently in our partnership strategy. That was part of our major growth strategy for North America. We put a lot of focus and attention and had a world-class team running the efforts. We wanted to build something very thoughtful and we had a very strong integration with HubSpot. We knew that creating that opportunity and stickiness for our common customers or using that as the right demand gen channel of people who use HubSpot, and then use Aircall would be stickier.

It was how we continue to gain that market share, how we dominate within their marketplace, and how we get their attention so that HubSpot is seeing the value that Aircall brings to the table with them in that better-together story. Louis Dumortier ran the efforts and still does on the HubSpot relationship and the whole strategy.

He did an incredible job of that multi-pronged approach of thinking about rep to wrap, on how we are enabling an easier time for our sales reps to get to know their reps to get those leads. From an executive level, I was having regular monthly calls with their executive teams to get that buy-in as well and understand what some of the pain points were from their perspective.

We then had the whole ecosystem play within that as well. It was a multi-pronged approach. We got word that they were going to come out with this best-in-class tech stock report. They said to one of their executives, “I’m going to make it irresponsible for you guys not to put us on that list.” She was like, “We will see.” Unfortunately, it happened after my time at Aircall, but efforts were so there that they did name us their best-in-class tech stack. Must have, I believe, is how they named it. Also, that easy go-to-market strategy. As we mentioned before, it’s not just marketing and sales, but it’s partnerships and how you position to gain more market share.

B2B 59 | Pillars Of Empowerment
Pillars Of Empowerment: A go-to-market strategy is not just marketing and sales, but it’s really partnerships and how you position to gain more market share.

 

Leaning on your partners and partner ecosystem is a big lever in the go-to-market strategy. A lead-up question to that is what are 1 or 2 areas within go-to-market that people lean on you for? Maybe it’s sales, go-to-market, sales enablement, SDR, or BDR.

My passion and what I bring to the table is helping to empower emerging leaders to develop their ability to lead in a very meaningful way. It’s this cross between creating a feedback-first culture of betterment paired with arming emerging leaders to drive more success and helping them grow. These two things married together create this community of drivers and a community where every level of your players or teammates realizes the value that they drive to the overall big picture. This is what I do well. How this translates now is I mentor a heck of a lot of people that I have managed or have been in my teams throughout the years.

How do you do that? It’s not that you are doing something. It comes automatically and naturally for you.

It’s a playbook. It does come naturally to me, but you have to systematize it. When you are stressed out, it’s easy to lose sight of what works well. It’s like any process. I will share with you my five pillars, but there’s so much more to this. The five pillars of empowerment are this, and this is to the individual player. One, make their financial standings, like their salary, make it a non-issue. Make sure they are being paid market value. It doesn’t have to be top of market value, but there shouldn’t be a question of, “Am I being taken advantage of?” Pay them fairly, number one.

You have to systematize playbooks because it's really easy to lose sight of what works really well. Share on X

Number two is to help break silos and help them see and respect the people around them. They have to feel like they respect the other teams and the people around them. That’s holding other teams accountable, that’s holding each person accountable, and that’s holding themselves accountable, but it’s also to break silos and drive mutual respect.

Next is to make sure they feel valued. How are you communicating to them that you see that they contribute to the big picture? That is constant every day that needs to happen. Number four is they have to feel they are doing valuable work. One is that, “I have to make them feel valued,” and the other is they have to feel that they are doing valuable work. They have to be stimulated in what they are doing. That also means making sure that they are in the right role and doing work that contributes to the big picture.

Number five, learning and growing. That’s the most important one. The minute people feel like they are not learning and growing anymore, this generational workforce, the Gen Zs, will move or they will leave. They love to learn and grow, and that’s what I love about them. There needs to be a feedback-first culture. They need to get constant feedback and how they can improve because then they feel like, “My time here is worth it.” I mentioned the five, but outside of the salary, if you have the other four, the salary becomes even less important. It has to be paid fairly. Where it starts is these five pillars, and then thinking about how you build programs, how you build communication, and how you build feedback to fill these five pillars.

This is great advice for people who are managing, mentoring, and growing. Thank you for sharing that.

You heard it here first.

That’s your expert and secret sauce. Switching gears once again. You did work on so many of the go-to-market teams. You led so many of the go-to-market teams. I’m 100% sure that you worked with product marketing functions in all of these in your various domains. What are the top 1, 2, or 3 things that you saw product marketing do very well that helped in your go-to-market?

The number one thing is to work with sales and work with customer success. The customer voice should power product marketing. How you get to that customer’s voice is sure products and different tools, but make sales and customer success feel a part of the product marketing function, building that roadmap, and being that voice for the customers.

The customer voice should really power product marketing. Share on X

What I’m hearing if I had to articulate it is to work very closely with and involve folks from sales and customer success in the initiatives. Be it a product launch, be it building new product content, or even driving product adoption in various segments.

I love how you have broken it down into the different ways that product marketing needs to focus on different areas within that lifecycle as well. That’s exactly right.

Coming to the last couple of questions here, if you were to go back in time, who are the influencers, mentors, coaches, or managers that played a big role in your career?

I love this moment. There have been so many at different points. What’s so beautiful about this idea of a mentor is that they can come and go, and you will have different people influence you at different times, that readiness. The universe magically finds you those right people within your scope and space for what you need at that moment in time.

What's so beautiful about this idea of mentors is they can come and go and you'll have different people influence you at different times. Share on X

I mentioned Robin Summas and Liz Hughes. Those were my early days at Express. They certainly impacted my ability to understand how to drive a machine in a very inspiring and motivating way. From there, I would say Bluewolf and Mondo days, Mike Kirven and Eric Berridge were the CEOs, two cofounders. Mike Kirven instilled in me the path to profitability.

He made us do things cheap because he was cheap. I loved the man to death. We built a $100 million business with 14% EBITDA, and it forced us to be extremely creative and understand how to create the right operational efficiencies to drive profitability. It made me think outside of the box, and it made me think about how to best support and enable the path to productivity for all sales reps in marketing. That was a valuable lesson and helped fuel my know-how in Champion.

Eric Berridge brought to the table to dream big and have great vision, see the opportunity, and not be afraid to be that market breaker who’s going to bring something influential, and that’s what we did at Bluewolf. We created that blueprint of what it meant to be a partnership ecosystem company. No other company and no big consultant firm did what Bluewolf did. That was Eric Berridge, Corinne Sklar, and Jolene Chan. They were truly amazing to learn from them. Also, Jeff Reekers, my Cofounder. He heavily influenced and it’s why I’m here now as well. I would like to believe he’d say the same about me. We complement each other well and we have had this approach of let’s play on each other’s strengths. We complement each other so well because of that.

Kudos to you for recognizing and calling out all those folks who played a big role in shaping your career.

There were so many.

That’s why I don’t like asking these questions. It puts you on the spot.

It’s a limit. We have to limit it so that we don’t bore people. During my time at Aircall, my entire team, the North America team, and also the people who were not traditionally in my org, we treated North America as one whole. The marketing team of North America and the sales ops team enablement support, we created this environment where we broke down silos and drove and respected each other. We all looked at what is the one goal we want North America to dominate and how we are going to get there together.

We did these workshops. Madelyn DePrey, who’s now VP of Customer Success at Aircall, led a workshop on the customer journey and looked at the experience through their lens at each stage of the customer journey. We grouped the entire North American team into that, and then we ideated and solved pain points and problems we saw along the way to improve our performance and therefore our results.

Everyone in North America at Aircall heavily influenced my growth as a leader because I was able to become that leader I’d always wanted to be and create a culture of betterment but of respect where everyone wanted the team to win, not just self. That was one of the most inspiring moments of my career. I thank them.

The list goes on and on. Something that caught my attention and this is big on my mind nowadays is how you build that financial muscle, the discipline around profitability. I don’t know if that person or the leader was from Bluewolf or Mondo, but you did mention building a discipline around thinking out of the box and around the metrics. Walk us through that playbook. Are there any rituals that you do on a daily, weekly, or monthly basis? Maybe you work with the head of finance.

We work with the head of finance. I like having budgets upfront like, “Let’s do some quick dirty modeling. What’s our budget? What are we trying to achieve?” Let’s go bottom up and build to how we get there. If you do that, it’s quite simple. If you don’t hit your revenue targets, then the next quarter, you have to decrease the cost and figure out a way to get there. In a services firm, that’s a little bit easier.

From the product perspective, it’s acutely looking at it. We have got our metrics LTV to CAC. It shows thinking about, especially at our stage, even all those little extra costs like booking travel. Do it smartly so that you have that extra little wiggle room. Don’t spend superfluously. Every dollar adds up. It is being that scrutinous, but it is looking at and making sure that you have got the right metrics in place and it’s holding yourself to that standard. From the product perspective, what everyone is trying to do within SaaS now is readdressing what those expectations are. Resetting those benchmarks of what the ROI should be.

How often would you look at these numbers, the budget, as well as the spending and the pipeline?

I am looking at them monthly. You can’t go too crazy, and that’s what you need your finance team for. You don’t want to get too nuts. You also do need to invest to see a return as well. It’s having some trust also in what you are doing so that you don’t go too off course. Invest in events that are the right go-to-market strategy for you, or if demand gen isn’t working traditional outbound, what is working and how can you lean into that? That’s a little bit of how you can think about it. If your revenue figures aren’t there, then figure out what is working and lean into that. That’s a way to get to profitability in a more manageable way.

People can go crazy and look at a daily oracle. Weekly, I have seen people do that, but what you are recommending is monthly.

Finance is looking at it weekly.

The final question for you is, if you were to turn back the clock, what advice would you give to your younger self on day one of your go-to-market journey?

I would say trust yourself. You got this. A wonderful career is ahead of you. Take the opportunities. Know that you belong. Trust that every decision you make is going to lead to a path forward. Continue to take risks and adjust along the way. To be honest with you, I love my career. I’m so proud of myself. I don’t know that I want to change anything. Could I have done better? Sure, but maybe not at the same time. I’m incredibly grateful. To my former self, I would say trust yourself and enjoy the journey along the way.

Trust yourself. You've got this. A wonderful career is ahead of you. Take the opportunities and know that you belong. Share on X

Thank you so much for sharing those insights and the journey. Good luck to you and the team at Champion.

Thank you so very much.

 

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B2B 58 | Chasm Of Technologies

B2B 58 | Chasm Of Technologies

 

How can you bring your cutting-edge products to a larger market, far beyond the walls of your own industry? Cross the chasm that separates us from the marketplace in today’s episode! Helping you navigate is the legend in the go-to-market world, Geoffrey Moore. He is an American organizational theorist, management consultant, and author of Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers. Geoffrey shares the guide to navigate across the chasm of technologies with a game plan for marketing in high-tech industries. He provides insights into a great framework called ‘Target Market Initiatives’ and how it provides the avenue to overcome the challenges in a high-tech industry. Grab onto your seats as Geoffrey takes us across the chasm of technologies and towards a thriving business.

Listen to the podcast here

 

Cross The Chasm Of Technologies: A Game Plan For Marketing In High-Tech Industries With Geoffrey Moore

In this episode, I have the honor and pleasure of hosting and talking to a legend in the go-to-market world, Mr. Geoffrey Moore. I’m sure we don’t need any further introduction. He’s a legend. With that, I’ll welcome him, and we’ll get into the conversation. Geoffrey, thank you so much and welcome.

Thank you for having me with your show. I appreciate it.

I’ll just start my show with this question. How do you view and define go-to-market?

It’s interesting because, like many of the people who read this episode, I work with companies on their go-to-market motions all the time. We all say, “We have an offer at one end. We have a customer on the other end. We want to connect the two of them.” The thing that I see most frequently is most companies tend to think of that from the product to the customer.

Particularly, outsiders can help them do, “No, do it backward,” like from the customer back to the product. Instead of thinking of the customer journey, how do I get this prospect through my funnel? Think about it the other way, which is to say, “How do I take this problem off my customers’ plate? How do I enable this opportunity for them?” It’s the same journey, but you’re looking at it through a different lens.

That’s a fantastic articulation there. That’s what I keep hearing from the founders who have been successful and building the startup as the go-to-market leaders I’ve had on this show. Some of them focus on the product, but they always eventually rotate to who we are solving this problem for and what the problem is in the first place, then tied back to the product, the solution, and aligning the teams internally. Be it product, marketing, revenue, and sales.

The reason why people don’t do it is that it’s not like we’re the two greatest people on the planet, but it’s harder to organize. In other words, it’s much easier to create one playbook starting with the product and send it in many different directions and to say, “I’m going to have many playbooks depending on the target customer and the target customer’s problem.” I have to start at the end and then work back to the center. That’s less efficient, but it’s much more effective.

I’m working with a client around building their product market and go-to-market function. The chief product officer comes back and says, “Do we need to invest in customer insights and customer conversation?” I said, “Yes, of course.” We need to invest in a customer insight program. It’s not like I can talk to someone in sales and get the brains and minds of the customer.

The salesperson wants a good playbook, but at the end of the day, they also want to make the club. They want to maximize their commissions. Being efficient is important to them. They will be as efficient as they can get away with, but the problem with that is as they become more efficient, the channel itself becomes less effective. From the point of view of the enterprise, any dollar spent is getting closer to the customer’s real issues and getting close to the real product market fit as opposed to the alleged product market fit. That’s a dollar very well spent because you’re going to save a lot in wasted effort. It’s coming from there.

That’s what I keep telling her and the team. You have to slow down to accelerate. People get into this mindset of, “I need to hustle.” It’s important to get products or campaigns out with hustle output focus versus, “Let’s slow down and see if we are solving the right problem in the first place.”

Getting a campaign out is like firing a gun as fast as you can. You might hit something, but it’s usually better to aim.

We can go on and on in this one topic alone, but let’s zoom out a bit. Please share with our audience your career journey. What took you down this path in the first place?

My career journey is not typical since I have a PhD in Medieval English Literature, which I don’t think is a normal requirement for a marketing professional. In any way, in my early 30s, we came back to California, and there were no jobs in academia, so I joined a software firm. I initially worked in sales. It turned what I learned in sales was I was good at opening and not as good at closing. That’s not a good quality for a salesperson, but it turns out to be a very good quality for the marketing person.

I ended up at a marketing consultancy called Regis McKenna Inc. Back in the ‘80s, it was iconic at that time. Regis did invent high-tech marketing for all intents and purposes. I was there for a few years, and that’s why I wrote the book, Crossing the Chasm, because it was a petri dish. Every tech company that matters to anybody, sooner or later, came through those doors. That was wonderful. Pattern recognition works if you see enough instances. The problem that most professionals have is in your career, you might only work at 3 or 4 or 5 companies. It’s not enough instances.

B2B 58 | Chasm Of Technologies
Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers

Even if you’re a professor at Stanford or Harvard, still you’re doing research on how many companies. It’s not the same as being on the battlefield day in and day out with company after company. The book led me to start my own firm. There were three firms that were created in the process as we went along. The last two things I’ll say about the arc in my career is in the ‘90s, it was very venture-focused. I became a venture partner at the end of the ‘90s, but it’s startup-oriented. How does a startup make this thing work?

Once the tech bubble imploded and we had the dot-bomb, then I spent much more time with established public enterprises. That work only culminated in the last business book I’ve written. Crossing the Chasm is the two that matter the most called Zone to Win, which is how you make that same disruptive journey if you’re the public play-held company, you don’t have venture capital backing, and you need the core business to fund the new business. There’s a bunch of challenges there. My card says Author, Speaker, and Advisor. That pretty much describes what I do.

B2B 58 | Chasm Of Technologies
Zone to Win: Organizing to Compete in an Age of Disruption

I want us to go back in time, especially when you mentioned that you started your career in sales and then figured out that you’re good at opening but not closing. What was that a-ha moment? You did mention that, but what is that experience of a-ha moment that led you to do that?

When you don’t make quota, that’s a signal from the universe. To be fair, it’s always been easy for me to sell myself and my services. When I was representing a product, I knew the product was not quite exactly what the customer needed. I struggled with that a lot. You need at some point to suck it up, and I did, but I wasn’t any good at it. Remember, this is the ‘80s. In the ‘80s, sales were still a Glengarry Glen Ross stuff.

The olden days of car salesman.

It was the sales profession that you think, “I’m not sure I want to do this.” The salesperson now, by contrast, is an incredibly exciting career.

The point you mentioned, Geoffrey, about you not feeling good about the product where you’re working as a salesperson reminds me of some of the concepts of the top-tier salespeople. First and foremost, they’ll have their rituals and the discipline to get through whatever they need to do to build our bond and build a pipeline. The first and foremost is, do they believe in the product or service they are selling?

One of the things that helped me was this concept of the whole product because I didn’t learn that until I got into Regis. No product is going to solve 100% of the problem. Not if it’s a complicated problem. I was doing more B2B complex sales things. Therefore, it’s always a combination of orchestrating resources. The product is a critical resource. The customer turns out to be a resource. You have to help the customer bring their best talent to the table, then there are partners, and there are your own professional services.

No product will solve 100% of the problem, not if it's a complicated problem. Share on X

Nowadays, there’s customer success. There’s all these resources to orchestrate. The subscription economy and a service economy, which is easier to opt out of than the old on-prem license and maintenance, has put vendors more on notice, “If you’re not going to deliver the value, you churn out of your business.” It’s good forces that are creating better practices.

That point in time in your career led you to figure, “Sales is not my thing,” and you move into the marketing side of the house, but then something happened where you’re not just doing pure marketing. Something led you to do research and write a book.

First of all, because I was an English Major and English Professor, I loved to write. They’ll find me dead at some point with a pen in my hand. The writing was there. It’s funny because people say, “How did you do the researcher for your book?” I never ever did research, but what happens when you are consulting? Remember, Regis was consulting primarily on positioning problems. “How could we help us position our company?”

When a big company comes in and gives you that assignment, they’re going to pay you a bunch of money. First of all, they take every study they’ve ever done with McKenzie or Bain or BCG, and they give you all their research right there. It’s like, “I’ll read it.” Basically, I was gifted with probably tens of millions of dollars of research for free because that was the first step of onboarding.

The next thing is all the research is great. Norbert McKenzie’s stuff is great. Somebody once said, “No plan survives first contact with the enemy.” What’s wonderful about when you’re doing this consulting is you get right down in the trenches, and you start seeing what our customers are saying, what our competitors are doing, and what the press is saying about your client. You realize, “That wasn’t what I thought was going to happen.” Interactive learning is valuable.

Maybe it’s possible because of what you started observing, you started writing, and that translated to original research or research material.

The classification was an original. By the way, it’s written in 1990. It’s still actively imprinted now. I’ve had to update it twice with examples. The content has never changed. The examples of change are pretty dramatic. What happened there was Regis had a playbook for PR, but we were being asked to do more strategic marketing.

What I mean by strategic marketing is this. The definition I would use there is marketing as a territory capture game, meaning, where can you stake out a market segment and become the market leader in that segment because markets are organized around leaders? You get all the ecosystem support you need to become a powerful and profitable company.

The leader gets the lion’s share of support and everybody else gets as much as they can get. If you can become a category leader like Apple or Tesla, way to go. Even if you can’t, if you just become a segment leader, you could at least get enough. It became a power discipline. It turned out that there wasn’t a playbook at Regis. There was a lot of tribal knowledge that was in people’s heads.

Regis took some investment money from a company. They said, “We like your practice manuals.” We don’t have a practice manual. I thought, “I’ll write something down,” and I did. I shared it with the partners, but the partners said, “We came here to work for Regis. Not for you.” I said, “No, this is you.” “This is me?” That’s what I did. That’s why I said, moving on, “I’ll take the book and run with it.”

That’s a great transition. I’m always curious, and I’ve heard this from my readers as well. It’s about what are those moments in life that led to that big inflection point of a-ha. Thank you for sharing that story and journey. Translating and coming back to what you do now, we all know what you do, but are you still in active practice advising the board and the CXOs?

I now spend a lot of time with CEOs. People say, “How do you know so many CEOs?” The answer is I haven’t died. We were all in the same cohort. They were product managers. They’ve got promoted, and I’ve followed along. As the demographic of my peers aged and the seniority age, my practice migrated. What I would have called a marketing practice in the ‘90s became a strategy practice in the early part of this century.

In the last couple of years, it’s almost an organizational development practice now because it’s like how you organize a global enterprise to aggressively pursue your current core business even when it’s under attack. Maybe even aging away, at the same time, get your bets in on the next wave of technology. When you’re a publicly held company, that’s a bear of a problem, lifetime employment. The other thing that happened when COVID came was we all started using this medium of Zoom. As a result, you used to say, “I could work with one client a day.” Maybe two, if I was lucky, but not normally. Now, it’s like, “10:00 or 12:00? 12:00 or 2:00?” It’s been much easier.

Your latest book, The Infinite Staircase, doesn’t have much to do with what you’ve done before.

The Infinite Staircase is me going back to my roots and saying, “What does it have in common?” Like every book I’ve ever written, it’s a framework book, but instead of saying, “What’s the framework for selling high-tech products?” this is the framework for understanding the universe and your place in it, which is a slightly larger market. It’s a larger topic. It’s not a smaller market. That book probably has the least readers of any book I’ve ever written, but I’m passionate about it. I love writing, and I care a ton about the topic.

The way I think about this, Geoffrey, is it’s a go-to-market for you as a person.

It’s a legacy book, too. We have grandchildren. It’s like, “Before you leave the planet, did you learn anything? If you did learn something, will you write it down, please, before you leave?” That was the objective.

For me, I would read it and study the Bhagavad-Gita because of life lessons. That’s my go-to-market book for life. That’s what it is.

I was trying to write my own little private notes to market book for life.

Let’s shift gears. You’ve worked at so many companies across the decades. You see the failures and successes of large companies and startups. You’re an active part of the investing community. If you can share with the readers a go-to-market success story and a go-to-market failure story.

What I’m going to do is primarily from the startup world because, first of all, they’re a little bit crisper and clearer. Second of all, large public companies can sometimes get cranky with you if you talk about them behind their backyard. This is from the days with the Wildcat portfolio or the two places. For example, now I’m on the board of a company called WorkFusion.

When they first invested in it, it was human-in-the-loop AI. This is well before generative AI and ChatGPT. The idea was that AI could learn to do complex human activities and supplement human professionals. We did it. We did a project with Disney and one of the pharmaceutical companies. We had interesting stuff, one with a big bank, but it was pre-chasm.

When I became involved with them, it was, “We have to become good at one thing and become that target market segment leader,” because we were spending a bunch of money but we weren’t gaining power. The choice was to work on the regulatory challenges of banks, particularly with respect to anti-money laundering, fraud, and the whole bunch of that dark stuff in the background, which has historically been in adverse media, people only.

We started the crossing the chasm problem, but the team and the sales force were not a natural acronym. We had to go through a significant replacement of leadership almost across the board, but the new team that came in did a wonderful thing. They said, “We’re going to call our products digital workers.” It says we have an artificial intelligence product that works on this problem. You’re going to meet Alex, Isaac, or Elena. Elena presents herself as if she is applying for the job of money laundering or fraud.

At that time, we started going after the HR budget as opposed to the IT budget. They started realizing, “We can’t ask the IT person. This thing’s got to be enabled in the cloud.” Anyway, they use that whole metaphor. As a result, first of all, it’s very easy for the customer to talk about it. Second of all, the customer can start saying, “My colleague Isaac.” They’re getting into it. Whereas before, it was like, “It’s artificial intelligence.” “I don’t know. Is that the terminator?” It had all the wrong distractions. I thought that was an interesting one to do. What’s happened is there’s a company that’s getting traction with the biggest banks in the world because they all have the problem.

They all need to use artificial intelligence to solve this problem eventually. These people are showing up saying, “That’s what we do.” They are guaranteed at that. Do they hit it out of the park? Most of the time, they do, but that’s not guaranteed. What is guaranteed with that go-to-market is you will get at that because you’ve now worked backward from the customer. Not forward from your technology, which is what they were doing before. They were going forward from their technology, saying, “We have a magic wand. What’s your problem?” instead of saying, “How are you handling these challenges in the security fraud area or the funding fraud?” You go, “Let me tell you about what we bring to the table.” That was a success.

Before we get into the failure story, I want to double-click on the story here about WorkFusion. There are two things that I took away from that. One is they changed the ICP. With an ideal customer profile, you have a persona, and they moved from it to the HR budget.

That’s correct. Their economic buyer ended up being the compliance officer who ultimately reports to the audit committee eventually. Instead of going to the IT, people are saying, “We have incredible technology.” They went to the compliance officer, saying, “We have incredibly efficient, essentially artificial people.” It did digital workers.

From your experience, what led to that translation or movement?

What leads to it is, at least in my experience, experiencing what it’s like to be in the chasm. What is it like to be in the chasm? In the chasm, you have cool technology, and people acknowledge that. The group will say you have good technology, and you have customers. The problem is you have no power. This means every customer you have in a different use case and a different industry.

It’s like trying to win the primary with two votes in Connecticut, one in New Jersey, and one in New York. We’re trying to become speaker of the house if you want to try that if you’re a Republican. The point is, what you want to do is to get 4, 5, 6, or 7 customers in the same use case and the same segment. By the way, it’s a use case that they have not had success with before. Now, you do change the game.

They’ve never heard you. It’s like Obama. When Obama gave that speech at the Democratic convention years before, he was nominated. Nobody ever heard about him, but then, all of a sudden, “Who’s this? I don’t know. He’s pretty good.” When you don’t have it, what happens is your sales cycles take forever to close and you don’t get inbound calls. For every deal you get, you had to do outbound to get it. On the other hand, when you do get across the chasm, you do get inbound calls, and the ecosystem does start to organize around you.

That’s what people refer to us as product market fit. You get the pull versus constantly pushing.

The market is not just the end-user customer. Not even just that customer and their economic buyer sponsor. It’s the ecosystem because it’s the partners who also make a living by filling out the rest of the whole problem.

It looks like your work on the team that you guided and advised was around, “Who are those segments of buyers whom we haven’t explored?” and, “Where we’re not getting enough traction. What should we revisit?”

We know that there was a use case in banking, but it was one of many. The problem with making it one of many is that when you go to the R&D people, there’s this list of feature requests to serve this use case and to serve that use case in terms of the other. Once the new team came in and started with the CEO, Adam Famularo, a wonderful Head of Marketing and Head of R&D, like world-class leaders, what they did was they said, “Tighten the aperture.” I was advocating for that on the board, but they did not do it. I’m just an author, speaker, and advisor. It didn’t say doer. You might say gag fly, but you didn’t say, “He’s going to do it for us.” They did it and did a magnificent job with it.

You mentioned about what are the signs that you look for. It’s a long sales cycle.

You get technology kudos. The other thing you realize is, “I’ve used the same reference every single sales cycle for two years because I only have 3 or 4 of them.” By the way, those people also want features to add to their world that are not on your roadmap or hard for you to deliver. You get caught up in these long, expensive products to maintain. They’re not getting traction. Meanwhile, nimbler people are running past you, and the category is doing fine, but you’re not.

That was a great example, Geoffrey, where you talked about the go-to-market challenges or the friction that WorkFusion was having and what the leadership team did to make the transition with different ICPs and different ways to position the products and the company. That’s a great insight and a great a-ha. Coming back to our earlier conversation or prompt where you’re going to share a go-to-market failure story.

This is another company that we invested in, a terrific company up in Seattle. It had to eventually shut down. This was founded by a woman and her team, who were expert consultants to the real estate market for large family dwelling problems. They had a consulting business where they were advising how to get better marketing. It was a marketing consulting thing with a very specific niche focus.

They said, “The systems these people have are horrible. They’re flying blind. We should write a system that would allow these people to get a much clearer understanding of which kinds of marketing programs are creating what kinds of returns.” It was a very straightforward idea. At a time when the whole single-family dwelling marketing thing was very visible, particularly with the COVID thing that came along, what happened was it wasn’t quite compelling enough. At first, everybody thought it was nice to have. That was no question. Almost everybody said, “You should have it,” but it wasn’t quite a must-have because the people who have this job in the real estate industry are somewhat abused.

They’re a little bit lower level. At the end of the day, the idea of investing in their productivity never got high enough on the stack. The truth is their lack of productivity was costing the homeowners a lot of money. The other thing is a little bit of a problem with the agency model in general, but the agencies were still making money.

The agency’s a little slightly counter incentive to have these people become more productive because that might reduce rather than increase it. There was a little bit of inauthenticity in the market, which was disturbing. The same thing happened in the advertising market with digital advertising and trying to make that more efficient at some point. You had the same problem. To be fair to the team, they focused on the market and had a couple of lighthouse customers, but they couldn’t quite get it over the line.

One of the things that I heard from a founder I asked him was, “What are your signs or what do you look for when you do the market research?” A couple of topics came up. First of all, at what level is this a problem? How big is this problem? Is it at a team level, VP level, CXO level, or board level? Subsequent to that is a top 3 or 5 problem at a board level.

The whole thing about the venture and about being an entrepreneur is the motto is to win or learn. You may not even win 50% of the time. There’s a lot of time when you don’t win, but it’s not okay to lose and not learn. You say, “Geoffrey, you didn’t win. What did you learn?” The phrase that came out of that particular exercise and learning was we ended up calling it a trapped value.

B2B 58 | Chasm Of Technologies
Chasm Of Technologies: When you don’t win, it’s okay. But it’s not okay to lose and not learn.

 

It’s the same idea you stated, which is when you’re looking at an investment, two questions. How much trap value is there in the current system? Meaning if your technology can fix the problem, how much value do you release? The rule of thumb I always like to use is if you give the customer back a dollar’s worth of value, they’ll be happy to give you a dime. At $0.15, they think you might be dodging.

What I’m thinking is, if you want to build a billion-dollar company, you better find $10 billion for the trap value. You can build any size company you want and multiply it by ten for the track. That’s number one. The second issue is how urgent it is for them to release this trapped value. The problem they remarkably had was the trap value was very real, but it wasn’t impacting enough of the core business to make it urgent enough to get to the board-level place. Was it a productivity problem for the middle? Yes. Would they want this thing every day of the week? To your point and your colleague’s point, it didn’t quite make the cut when you moved it all the way up to the top.

One of the big topics that is making rounds in the industry is compliance around AI. You open the news, the tech world. This is what it is. A lot of founders and would-be entrepreneurs are doing the research around this, and there’s the White House Bill of Rights, which was released in this spirit. There are other initiatives happening at the State level in California. Gavin Newsom has released or put it as a directive. What do you think that founders in this world of air compliance and regulation and risk mitigation should be looking at?

It’s interesting. Look at where we were with ESG a few years ago and where we are now. You would have said a few years ago, “The European Union is leading this thing.” Now we’re seeing this backlash against it. It’s even more necessary now than ever before with climate change. Watching the regulatory environment, particularly when it’s a highly complex problem to control, the problem with climate control is it’s very hard to bind, unlike financial fraud.

Financial fraud is a very easily bound problem. That’s why that’s very good regulatory compliance. FDA approval, which is a very clearly bound problem, is a good regulatory compliance. In any place, you have clearly bound ones, but when they’re more ephemeral like AI responsibility, that’s not a bound problem. Therefore, to say, “I’m going to go after that market,” no. Maybe eventually, there will be bound subsegments that will come out, but it’s way too early to do that.

If I double-click on the topic of AI compliance, there is algorithmic discrimination that might be happening on data privacy. People know. It’s been beaten to the dead. Other systems then play when the AI model and the machine are taking over other fallback systems for the year.

Let’s take the two you pick, so data privacy. You go after the digital advertising people, you go after the cookies, and you have a problem. If you do AI discrimination, you go after real estate or online lending. That’s a bound problem, but if you said the White House Bill of Rights or Gavin Newsome, God bless you, Gavin, but it’s just evaporating. It was way too unbounded.

The lesson and the advice you’re giving for folks pursuing this is to figure out what is that bound problem and how big the problem is.

If you think about trap value, the analogy would be to the oil industry and their exploration production, but they’re looking for oil wells. What they’re looking for is reservoirs of oil that they can drill a well into and tap. Those create huge amounts of oil return. Now, there is a thing called Shale oil. You can go after it, but it’s a lot more work to get the same amount of oil out of the system. If you have a system that can do it, great, but the bound problem is much more like the oil well than the Shale oil.

Those are two great stories that you shared there, Geoffrey. One is around the success story, and the other is a failure story. Anything else that comes to your mind? You have covered so many of the case studies in your research.

I have a motto, which is whenever you get into trouble, I do think going back to that playbook of picking a high-value use case that’s urgent in a single target segment, even if there’s a little bit of a size mismatch. Maybe you are a big company, and it seems like it’s a small market, but just to get back to winning ways and to get back to establish that you’re the go-to person, if you wanted to get the presidential nomination, winning the New Hampshire primary, there are not that many in New Hampshire.

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Chasm Of Technologies: Whenever you get into trouble, pick a high-value use case that’s urgent in a single target segment.

 

Winning the New Hampshire primary makes a difference for the Iowa caucus. The same thing with business. Being number one anywhere is an important road back to health. If you are a startup, being number one somewhere is how you become a going concern. These accountants have this phrase going concern, which is due to what a reasonable person expects you to be in business a year from that. Until you have your first market segment leadership position, I don’t think you’re going to be concerned.

A critical function in the whole go-to-market where you talk about how you identify the problems big enough or not, I do have a bias toward this function because I see myself as a product marketer first, and that’s been my growth. What advice would you give to the product marketing community in identifying the relevant segments if this is a big market that a company should be focusing on?

I’m going to reframe the problem. There are a bunch of good opportunities for most companies with good technology. The problem is when they go to execute it, they lose focus. We had something we ended up calling target market initiatives. My wish is for every product marketing executive would become a world-class expert and what we call the target marketing checklist. It was eight things. I’ll spin them off for you, but they’ll be very familiar to you.

The idea is you want to align your entire enterprise, the field, factory, support people, customer success, marketing, PR, sales team, sales play, the top of the funnel, and the middle of the funnel around the following factors. The first two are who the target customer is and what’s the compelling reason to buy. In other words, that’s true North.

You want to make sure it’s all the things we’ve been talking about. Is it urgent? Is it impactful? Does it get all that good stuff? It got those two. For the next two, we call the whole product and partners analysis. The idea there was, are you bringing the complete solution to this problem to the table? If you don’t, you’re leaving your future to chance. The reality is probably you can’t alone solve 100% of it. Who are the partners and allies that have to show up and interoperate with you in coordination?

If you don’t orchestrate that relationship, you’re leaving your future to chance. That’s a bad idea. A product marketing manager has to get out of the office. Not only do the customers environment, but into the partner ecosystem and say, “If we’re going to solve this problem, by the way, there’s money here for you as well as for us. We’re all going to make money here because there’s a lot of trap value, but we ought to work together. We have to do this in a coordinated way.” Product marketing people don’t normally think about it that way, but you have to.

The next two are called distribution channel and pricing strategy. The idea here is, if you go to that target customer, where do they want to buy from, and how do they want to buy? I know how you want to sell, but I don’t care how you want to sell. It wasn’t a compelling reason to sell. It’s a compelling reason to buy. What’s the channel that they’re going to want to buy from? I like to call it the price of least astonishment.

It’s not a terribly low price. It’s not a terribly high price. By the way, you have to pay off everybody, but it’s your price. You also have to think about what the whole product costs because the customers get a dish out of the whole product. If you don’t get paid or your partner doesn’t get paid, somebody’s going to be very unhappy. You have to have a pricing strategy. It’s not a discounting strategy. People don’t think about heart surgery where there is a coupon for it. They want the right price, but they don’t want a crazy price.

The last two are competition and positioning. The tendency with competition is to think about, “They’re bad, and we’re good.” Don’t do that because if you want to develop this market, your customer needs to see that there’s more than one company that’s investing in this area. The way you position is it’s a clear positioning for tech companies. There are two companies that these customers are going to look at besides the two classes.

One is their current vendor. Why don’t we see if our current vendor can’t solve this problem? What you’re going to say about them is they know you well. They probably know your business, but they don’t have the technology necessary. That’s why you’ve been struggling. You can keep struggling, but you’re just Band-Aiding. The reason you would pick us rather than them is because we have the magic wand.

Conversely, there are other people who have magic wands. Other people do artificial intelligence. Are they good at it? They’re very good at it. What they don’t do is focus on your problem. Basically, the positioning is we live at the intersection of a tough problem where we’ve made ourselves domain experts. They break through technology, which changes the dynamics of that situation, so we can drill the oil well, and that’s why you would pick us. That’s positioning and competition position.

Position yourself to live at the intersection of a tough problem where you've made yourself a domain expert. Share on X

It is amazing the way you broke it down. You probably have a great framework, the target market. I love the way you started with what the problem first is and how big is it. What struck me in the second one is people always think about partner ecosystem as a go-to-market versus the way you help me reframe is you need to bring partners along with you to solve this problem.

As the category of all, once the category gets into what we call Inside the Tornado, once the category takes off, then partners is a distribution strategy because you’re trying to get as much coverage as fast as you can. What we’re talking about prior to that is the market is still forming. One of the things you realize about partners at that stage is that partners will never rescue you. You can never hope that your partner is going to help you.

You have to make a market for the partner. It’s not the partner’s job to make a market for you. Once you’re inside the tornado and the market is made, then the partner will help you extend your distribution capabilities. That will be great, and now you’re copying them for partner-qualified leads and deals, but that’s not what’s going on prior to the tornado.

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Chasm Of Technologies: You have to make a market for the partner. It’s not the partner’s job to make a market for you.

 

I completely agree. The a-ha that you brought to me is if I have to turn back in time and go back to the previous roles where I was at, for example, in my previous full-time role where I was hired to bill like a product-led growth go-to-market, the mistakes that we made are becoming even more crystal clear based on what you shared. The emphasis back then to me was, “We made the decision. Figure out any or what way to build a product that grows,” versus understanding who we are targeting. Are they ready for product growth? We’re talking about professional services and home services. Are they the right market for product growth?

No, and that’s one, gamers.

We made the decision to go after this. “Let’s bring partners.”

One of the things you’ll find is if you compensate somebody to recruit partners, you’ll have a lot of partners.

The writing was on the wall. Fast forward 9 or 10 or 12 months, that company couldn’t raise the funds and had to go to a massive round of layoffs.

It’s heartbreaking because, first of all, nobody wakes up in the morning saying, “What stupid decision can I make now?” This is why it’s important to say win or learn. If you do not have a tolerance for losing, then do not be an entrepreneur. You can’t possibly have a perfect record as an entrepreneur. It doesn’t work that way. What you have to be able to do is every time you take one of these hits, they’re painful. This isn’t like, “It’s cool.” This is a real hit. If you ever have to lay somebody off, this is no fun, but don’t lay somebody off and not learn. That’s not okay.

Layoff’s consequences are painful. Not just to that person but even to the family of that person.

Also, leaving customers in the lurch. You certify a partner who invests in your thing, then you leave them in the lurch. There’s a lot of collateral damage in entrepreneurship, and it’s unavoidable. That’s why people don’t like to rush to get on your bandwagon because they’ve seen enough of the carnage to go, “I’d like to see a little more.” This is what creates the chasm. There are a few people who believe in buy-in ahead of the proof points, but most people are saying, “I’ve seen too much carnage. I got to see more success before I play,” which is why this crossing the chasm playbook is a little bit challenging. Also, this playbook has held up for several years. It’s a good playbook.

One final note on this topic is there’s constant pressure, especially coming from the investors and the company, “Keep pushing dolls. Keep pushing your people.” Eventually, the CEO or someone on each team has to say, “I sense your urgency, but we need to pause even if it means like one quarter.” It’s going back to the slowdown to accelerate.

This is a big difference on the way because it’s not just the board now. It’s the financial analyst. It’s everything. Let us talk about the idea. We have a lot of performance metrics for how to evaluate the performance of an enterprise, but we don’t have a lot of good metrics to evaluate the power of an enterprise. What do you mean by power versus performance?

Power is what enables performance. The reason you have success is because you’re more powerful than the competition in the situations that you’re competing in, and you win them. When you win them, and if you win them profitably, you create enough surplus returns. You can invest that performance to fund the next generation of power. People say, “I got it. We have good metrics on the performance side of that wheel. We’ll buy very good metrics.” Did you become more powerful?

Power is what enables performance. You succeed because you're more powerful than the competition in the situations that you're competing in. Share on X

I had an interesting conversation at one point, writing Zone to Win. I wrote it with the team at Microsoft and the team at Salesforce. We’re having a conversation with the team at Microsoft. This was Satyan’s direct report. This is the top of the wheelhouse. I said to him, “First of all, Microsoft’s the most powerful company I’ve ever dealt with, but here’s an important thing. You have lost power every single year of this century.” This was in 2014 when I said this.

They went, “He might be right.” You’re still super powerful, but you’re not more powerful. You’re less powerful. They were in the middle of it already, but that was part of the Azure transition, then it became very clear. Amy Hood, a CFO, said, “We can work with this idea in our annual planning. We can incorporate what Geoffrey said and say we’re still going to be held accountable for performance, but we’re also going to hold you accountable for power. We’ll find ways to do that.” The Azure success is a classic example. That’s the most powerful tool in the toolbox now.

How do you apply or track if a company is building power? Performance is easy.

I have a book called Escape Velocity. In that book, there’s a model we call the hierarchy of powers. The idea was, how do you measure power? There are five powers. The one that was most predictive of long-term success was the next and the next. The most predictive one is what categories you are in. Are you in a category that is growing as a category? The rising tide floats all the boat’s problems. At the time, Microsoft’s example was in PCs, which is a flat category. Their category power was flat and maybe even slightly declining, particularly with respect to mobile. Their company power was ginormous. That was the second one.

Within your category, are you the gorilla or are you the monkey? Markets are organized around leaders, so how powerful are you within your category? That’s a market share play. The next one was market power, which was what we’ve been talking about, which is, “I’m not the gorilla, but in my target market segment, I’m a local gorilla. I’m the gorilla in the niche.” That was market power, but again, it’s share within the target market segment of the use case.

It’s shared because what happens is a little ecosystem organizes around you because you are the local leader, and therefore, they can make money with you. The fourth one is offer power, which is when we stack up your products or your services against your direct competition, who wins? Upper power matters, but only after category power, company power, and market power. The final one is execution power. Do you say what you’re going to do? That’s real, too, but it’s the fifth one.

For now, you think about Oracle Corporation, which has been an iconic corporation in my entire career. Category pair, not really. Company power, yes, but not new. They’re not getting new money. Market power, no. Offer power, no. Execution power is amazing. They have amazing execution power, and that alone is keeping that franchise ahead of their direct competitors.

I know we are almost up against time over here. Thank you. You shared so many frameworks. I need to reread this. I’m sure readers also will reread this so many times. A final question to you is what advice would you give to your younger self if you were to start your career on day one of the go-to-market journey? I know it’s way back in time, but day one. You did share about sales and marketing.

I don’t know if I would tell myself something differently. What I would say is to continue to trust your heart because it was falling apart and be true to your values, then listen to the universe and try to respond. The worst time in my life was when I thought I knew better and I pursued paths that were not successful and not appropriate. I got smacked around a bit, and that was good. You learn.

You had the humility to admit.

As they say in Texas, “When you find yourself in a deep hole, stop digging.”

When you find yourself in a deep hole, stop digging. Share on X

Thank you so much, Geoffrey.

My pleasure. I enjoyed it.

I wish you the very best of health and everything.

Thank you very much.

 

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