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The New Era of CustomerSuccess: Deep Insights from Slack, Mulesoft and OpenAI Leaders What happens when you get customersuccess leaders from three of tech’s most iconic companies in one room? Why Traditional CustomerSuccess Is Dead The old playbook of treating CS as your renewals team is officially obsolete.
Dear SaaStr: What “Quotas” Should My VP of CustomerSuccess and VP of Product Have? For a VP of CustomerSuccess (VPCS), their “quota” or ownership should revolve around two key metrics: Net Revenue Retention (NRR) and Gross Retention Rate (GRR). Without them, youre flying blind.
Nick Mehta, CEO of CustomerSuccess leader Gainsight, recently did a short post above on his Top 7 takeaways talking with customersuccess leader for the first time in-person in a long time. Many have NRR as a top-level company metric. I love having NRR be the #1 metric for CustomerSuccess.
So don’t get me wrong — NRR is a Top 3 Metric for any SaaS company. Especially after interviewing 50+ customersuccess managers over the past few years. Or logo retention as a metric can work as well, especially in B2D and other models that grow a lot over the year on their own. And high NRR is a gift.
With outcomes and metrics that align directly, find out why customersuccess should be the foundation of a customer marketing strategy. CustomerSuccess teams actively track KPIs and metrics that directly align with customer marketing outcomes.
Getting customersuccess right is one of the most powerful levers in SaaS: Upsell + expansion with existing customers costs 62% less than acquiring new customers ($0.63 new customer CAC, per KeyBanc 2021 Private SaaS Company Survey ). upsell + expansion CAC vs $1.67 Video: Intriguing Session Slides: .
Turn Your Customers Into Your Marketing Engine The second breakthrough was making customersuccess the core growth engine. The KPI Alignment System Have customers email explicit performance expectations Build custom reporting dashboards Weekly cross-team optimization meetings Formal performance reviews 2.
How do you leverage your customersuccess team to drive revenue growth? Hook’s Head of Customer, Natasha Evans, took the stage at SaaStr Europa to discuss the three things leaders should focus on to fuel revenue growth. Historically, customersuccess teams have been pretty data-poor.
So I think 2023 may mark The End of CustomerSuccess as We Knew It. The Massive Push to Efficiency As almost every public SaaS company got cash-flow positive and radically more efficient, and most startups had to stretch their dollars much further — customersuccess took a lot of the brunt. What happened? Just This Week.
It created a lot of discussions and was more controversial then — that NPS was a great core metric. And most segment it across customer size or other segments. Back then, I wrote that when I was a SaaS founder, I thought Net Promoter Score (“NPS”) was a somewhat dumb, Big Company metric. Who’s right?
Key points about SaaStr Annual : Focus on SaaS: Primarily focused on all aspects of SaaS business including sales, marketing, product development, and customersuccess. The event is known for its focused content on SaaS growth strategies, metrics, and best practices, making it particularly valuable for B2B SaaS companies.
Workato’s SVP of Embedded Sales and Director of Solutions Marketing joined us at SaaStr Annual to talk about how to nurture customers — a great topic in general, but especially for embedded sales and APIs that can take a while to scale. CustomerSuccess. Time-to-value is your most critical early metric.
Moving from Churn to NRR as the Core Retention Metric. NPS is now the #1 metric at HubSpot — for all employees. We’ve talked about this so many times over the years, that the real power of NPS is that it’s the one metric every employee in every functional area can impact. NPS is A Great Core Metric. #3.
The landscape of customersuccess has been evolving rapidly. So much so that we seem to be releasing new content on customersuccess just about every week. Today we’re focusing on actionable insights you can use to drive down churn with customersuccess in today’s new era of SaaS efficiency.
A related post here: The 1 Simple Test to Know if You’ve Actually Hired a Real VP of Product or CustomerSuccess … Or Not (note: an updated SaaStr Classic post) The post The 30-Day Test: How to Know if Your VP of Sales Will Succeed appeared first on SaaStr.
Let’s review everything your customersuccess team has to do in the absence of any customersuccess tools. Collect customer data to calculate complex formulas for tracking metrics, monitor customer health scores, and resolve support tickets while continuously trying to improve retention and expansion.
The Beginning of The End of CustomerSuccess, SDRs, and Support Agents #9. And a few other related metrics, JIC of interest: 33% of our views came from SEO / search 15% of our views came from our own SaaStr newsletters 8% of our views came from LinkedIn and X/Twitter. How Would a Person Start a Venture Capital Fund? #8.
Is it the end of an era for customersuccess in SaaS? We just wrote up how some of the biggest changes of SaaS are now coming, specifically in CustomerSuccess and Sales. CustomerSuccess Is Vulnerable to Cuts Jason shared that he didn’t realize how vulnerable customersuccess was to cuts until 2023.
If you are a SaaStr reader, you’ll know how passionate I am about CustomerSuccess, since Day 1. What it all means is that if you do it right, you’ll make 6x or more the revenue from your customers after the sale itself. For not just your customersuccess team, but yourself as well. Word-of-Mouth.
In 2024, for customersuccess in SaaS, what’s “good” NRR? Who should CustomerSuccess report into? Questions like this and many others are the most common questions asked of SaaStr Fan Fave and expert on CustomerSuccess, Gainsight CEO Nick Mehta, and SaaStr CEO and Founder, Jason Lemkin.
Delivering a cohesive and die-hard customer experience doesn’t happen accidentally. Customersuccess is a mindset or a continuous journey before it’s a department that takes an analytical approach towards retaining and constructing long-lasting relationships with customers. Who should be your first customersuccess hire?
Dave Kellogg, EIR at Balderton Capital and 25-year C-level veteran, shares the top 14 signs that you have a SaaS metrics problem, the five reasons those symptoms exist, and a SaaS metrics maturity model with five layers to help you move the needle at every stage. The 15 Types of Misuse and Abuse of SaaS Metrics #1: Bludgeoning.
Customersuccess – every business wants to invest in it but only a few know what it actually entails or how to do it well. There are a lot of words that get thrown around with customersuccess: problems to be solved, implementation, product experts, expansion, strategic partners, technical advisors, proactive versus reactive.
The definition of success will vary from business to business, from customer to customer. That said, customersuccess is evolving, and the importance of customersuccess continues to grow. Embed customersuccess into the core of your business. Offer enhanced value.
What metrics is PE looking for today? ” Is CustomerSuccess Dead, Now That it Reports to Sales? Dave and Jason have slightly opposing views on this matter, as Dave is a true believer in customersuccess. I think customersuccess / account management is a specialization of sales that you argued for.
Naturally, their first customer was DoorDash and the quickly captured 95% of the gig economy market in their early days. When Lindsey joined, she inherited an already built-out self-serve/PLG model for small businesses and a mid-market and enterprise sales, customersuccess, and post-sales team.
Even with late stage VC capital much harder to get now, and the IPO markets still frozen, I see many folks on my LinkedIn feed saying Sales and CustomerSuccess are underpaid. Well, for most of time, about 10% of the “profit” on a deal has done to sales, and about 5% of renewals have gone to customersuccess.
CustomerSuccess isn’t just for established leaders; it also helps growth-stage companies compound their growth through retention, upsell and expansion. ChurnZero Chief Customer Officer Alli Tiscornia explains why earlier is better, and how to build a CS team that scales for the future. When should you start customersuccess?
Q: As you scale, how metrics-oriented should the company be? ARR asks Jason how he sees the best companies steering into metrics and KPIs to drive performance at a leadership level. Some of his team are more metrics-oriented while others aren’t. Fire anyone that isn’t metrics-oriented. Literally,” Jason says. I doubt it.”
If this is your first SaaS company, you may not have ever hired or built a CustomerSuccess team. If you hire a great, experienced Client Success leader as your first hire here, and you like him/her, and the experience is on point — my guess is you’ll be fine. If not, are you sure your have this right? Measure both.
If this is your first SaaS company, you may not have ever hired or built a CustomerSuccess team. If you hire a great, experienced Client Success leader as your first hire here, and you like him/her, and the experience is on point — my guess is you’ll be fine. If not, are you sure your have this right? Measure both.
Procore has developed several systematic approaches: Vision Planning Process : Their three-year vision planning involves creating multiple possible futures and gathering extensive customer feedback to choose the right path. This isn’t just about features it’s about understanding where the construction industry is heading.
The Five Metrics to Help Increase Your Value. # Yet because of this decision to focus on growth instead of profitability, they achieved one of the highest revenue growth metrics at the time of IPO of any software company. It typically includes things like cloud computing costs, professional services, customersuccess, and licensing. #3
In this episode, Snow shares the journey to realizing the strength of revenue alignment through sales, marketing, and customersuccess and the principles for implementing this structure to yield tremendous results. This structure drove the company to a $2.5 billion-dollar acquisition by Bill within five years.
In this week’s Workshop Wednesday , Salesforce Ventures Investor, Jessica Bartos, shares the 5 metrics every SaaS company should care about in any market environment, especially the one we’re currently in. Growth Is Still Number One Growth is still the number one metric, but it’s not the only one. You do that by showing momentum.
The Top 10 CustomerSuccessMetrics Investors Care About in 2025 with Gainsight CEO Nick Mehta #4. How Codeium /Windsurf Built A Billion-Dollar AI Company and a Winning Sales Machine #2. The 10-Point Checklist For When You Sell Your Company With Founder Collective #3.
Check out this 2018 Europa session with Guillaume Princen, Head of France and Southern Europe @ Stripe, where he talks about the metrics you need to be focused on in your startup. If you don’t have the time to watch the whole session, here are the main metrics you should be mindful of. It’s basically lost customers.
What you don’t want to do is push your VP of Sales to also own CustomerSuccess and retention if she just wants to close. The post What Core Metric Should Your VP of Sales Be Responsible For? If she just wants to close, let her just do that. A little bit more on the job spec itself here: What a Great VP Sales Actually Does.
And in many cases, also seen the number of human customersuccess reps already reduced by -20% to -30%. Can AI replace almost everything a human does today in customer support? I don’t know but perhaps what’s just as important is what customers are expecting, thinking, and buying based on.
Sessions typically focus on real metrics, strategies, and lessons learned, not theoretical concepts. SaaStr Annual attracts thousands of high-quality SaaS professionals across functions like engineering, product, marketing, sales, and customersuccess. Get out of the home office. Pull together the team.
The Strategic Advantages of UBP Aligns vendor success with customersuccess : When a customer like Uber grows, their usage naturally expands, benefiting both parties. This creates genuine mutual interest in the customer’s growth. Sales teams lose leverage.
Build the Right Team for Enterprise Success Enterprise selling requires a fundamentally different skillset. Focus on Land-and-Expand Economics Don’t obsess over initial deal size.
In a world where customer expectations are sky-high and data complexity is ever-increasing, Totango Unison is the game-changer that customersuccess and post-sales teams have been waiting for. Welcome to the future of customersuccess with Unison. Today, it’s about lighting the path to growth.
While those consumer innovations may still be a few years away, 2025 is sure to be a year of creativity and change in the B2B technology space, particularly in customersuccess (CS). And even more specifically, in the sphere of digital customersuccess. How are these digital programs impacting revenue?
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