So with the whiplash from the public markets falling more than 50% in 2022, and venture markets in turn basically freezing up in the later stages, focus turned away from growth to cash conservation. And to capital efficiency. The same happened in the public markets,...
I’d been planning, and even started, to write a post on hiring a Stretch VP of Sales for a long time. It turns out Brendon Cassidy … who as VP of Sales at LinkedIn, EchoSign, and Talkdesk, took each from nominal to eight figures in revenue … had...
If you'd rather not do any of your 1-on-1's, Something is off. Goes for both sides. — Jason ✨Be Kind✨ Lemkin ???????? (@jasonlk) December 19, 2022 Before I was a CEO, I was a VP. And before that, a director. And then a VP. Before I was first a...
"Too many CMOs and CROs come into a new role and just run the playbook that worked at their last role. You have to start by improving the playbook that's currently working. Not running your prior one." with @kippbodnar pic.twitter.com/Sf0nAyIbyI —...
So in the Boom Years of late 2020 to early 2021, a lot of best practices working with VCs fell apart. Founders stopped caring. VCs did so many deals, they stopped caring. Everything was Up, Up and Up!! Now, it’s tougher times for many. If nothing else,...
Everyone is being asked to make do with less, one way or another. Layoffs are back, and hiring freezes are even more back. And even if growth is strong, folks are getting more conservative. They want less spend for more output. And what often gets cut first, and...
So I firmly believe the market has over-discounted SaaS and Cloud stocks, that they are trading just too low. They shouldn’t be at almost historical lows, given the still epic growth rates at so many leaders, from MongoDB to Cloudflare to Monday to ZoomInfo. ...
Are super-corn rounds dead? Well, yes, mostly for now. But not entirely! Dataiku passes $200m in ARR and raises $200m at a $3.7B valuation at the end of 2022! A leader in enterprise AI, let’s take a look at 2 amazing sessions with the CEO and VP of Dataiku:...
Sign of a mediocre VP of Sales, or really of Anything: You're making excuses for them — Jason ✨????????SaaStr LDN June 4-5✨ Lemkin (@jasonlk) May 7, 2024 In the early days of SaaStr, we wrote a bunch of posts that were controversial at the time, but later,...
Dear SaaStr:How do you motivate your sales team after a tough month? It’s definitely a challenge to keep the sales team in the game once things … slow down a lot. Because everyone in sales knows. They know if the competition is getting stronger. If the new VP of...
Times for many are tougher in SaaS than they used to be. For others, it’s still the best of times. For some, it’s somewhere in the middle. It can seem like somehow, the sales playbook has changed. And to some extent it has. But there are a common set...
So it’s the season where there are … some tough board meetings. Plans are missed, which is tough enough. Worse, cash sometimes gets tight. Look, this stuff is stressful. Very stressful. So don’t make it even harder on yourself. 🙂 First, whatever...
So one thing that’s back now is customers asking for longer payment terms. Not all of them, and not in every industry. And if your customers pay on credit card, for the most part, this won’t matter. But customers you invoice, in many cases, are again...
Dear SaaStr: Should I Buy My Stock Options After Leaving a Startup? This is one of the trickiest questions of all. Especially these days, with so many struggling unicorns, and public SaaS stocks down 50% or more in many cases. You can see from the above Carta data,...
It's not just FTX Every VC I catch up with has a quiet story of fraud in their portfolio Numbers that were sort of made up usually Most won't ever be discussed or end up public — Jason ✨Be Kind✨ Lemkin ???????? (@jasonlk) November 10, 2022 I’ve...