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Most startup companies in earlier stages don’t have the most mature product. This is where customersuccess comes in. Drata VP of CustomerSuccess Management, Wen Yao, and VP of Customer Experience, Ashley Hyman, share how to scale customersuccess from 0 to 5,000 customers.
Dear SaaStr: If a startup is at $1.5M You should find, hire, and manage the VPs of Sales, Marketing, CustomerSuccess, Product and Engineering and even Finance yourself. You should find, hire, and manage the VPs of Sales, Marketing, CustomerSuccess, Product and Engineering and even Finance yourself. I think $1.5m
Lemkin Change his Point of View on The Value of a COO for Earlier Stage Startups? She should hire leaders for Sales, Marketing, Engineering, Product and CustomerSuccess, or at least most of them. Lemkin Change his Point of View on The Value of a COO for Earlier Stage Startups? Dear SaaStr: Why did Jason M.
A decade ago, Gainsight championed the creation of the customersuccess category. People curious and passionate about customersuccess convened at the Pulse conference to debate customersuccess. Ten years hence, customersuccess continues to evolve.
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.
If a sales rep closed a deal, A customersuccess manager should take it over. An open question around smaller customers is how do you staff up CustomerSuccess for them — if at all. And as startups scale, many try to automate away support and success for the smaller accounts.
Dear SaaStr: How often will a sales engineer also wear a customersuccess hat in an early stage of an SaaS startup? Traditional customersuccess, and/or a specific team for deployments, can take the baton from there. Pretty darn common. And as you scale, the role should likely end there.
We’ve talked on SaaStr about leaning in on CustomerSuccess as much as possible. the revenue ultimately generated or supported by CustomerSuccess) is the key to growing a SaaS business. We’ve talked about how all the Second Timers are hiring in customersuccess way early , ahead of sales, ahead of revenue.
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?
Q: Who Should Our First Head of CustomerSuccess Report To? Ah, who should CustomerSuccess report to. So usually, she can easily also manage CustomerSuccess as well as all her reps. In most startups, your head of sales has the most people hiring and managing experience. It’s not super simple.
Most startups play defense when discussing pricing with customers. They dance between asking for too little, leaving money on the table, and asking for too much, only to lose the customer’s interest. The very best companies lead their customers in that dance. Many infrastructure as a service companies do this.
Offers workshops, networking, and investor matchmaking for startups and enterprises. Key points about SaaStr Annual : Focus on SaaS: Primarily focused on all aspects of SaaS business including sales, marketing, product development, and customersuccess. Held annually in the San Francisco Bay Area (usually in September).
From startup to $500M CARR, Spencer Burke, SVP of Growth at Braze, shares how Braze scaled a growth and customersuccess team. As an early startup team, you’re doing every job under the sun. You have to be scrappy at this stage, and Braze was trying to find product market fit with no product, no revenue, and no customers.
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.
However, what many businesses may overlook is the startup segment. Often, startups are lumped in with small businesses, yet this approach fails to recognize what motivates and attracts these early-stage companies. Why Seek Out Startups? How is it that you want to sell to startups differently than the rest of your customer base?”
Dear SaaStr: What is The Biggest Difference Between Running a 10 Person Startup and a 100 Person Startup? You won’t be able to scale this far without a full management team — VPs of Sales, Marketing, Product, Engineering, CustomerSuccess at least. But the toughest personal challenge for many CEOs is letting go. (VP
Hire stretch reps if you want, but someone without any closing experience likely can’t close at your startup no one has ever heard of. Startups are a journey and you need reps that want to be on the journey. Maybe OK for customersuccess. They are no good at generating them. A bit more here. Hiring just 1 rep.
The other day Nick Mehta CEO of Gainsight invited me to talk about the latest trends in CustomerSuccess. Every SaaS startup now has 2-10 public SaaS companies that are somewhat similar in customer make-up and product. If you aren’t there yet, that’s job #1 in customersuccess. Aim for 140%.
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.
I used to think of a startup as a series of funnels. There’s the customer conversion funnel, the recruiting funnel, the customersuccess funnel. Examine the yield from each stage to gauge success. Funnels simplify metrics. Start to finish. That’s the end of the people funnel, but not the people cycle.
Tomasz Tunguz , General Partner at Theory Ventures, shares nine observations from a Go-To-Market survey Theory Ventures did with hundreds of startups, 68% of them early-stage, well-funded, mostly mid-market ACV, and 25% remote. Six months ago, security was the number one prohibition preventing businesses and software companies from buying AI.
Dear SaaStr: What does a COO do in a tech startup/company? Or customersuccess. A COO can also double your coverage with customers and prospects. Your biggest prospects and customers will close at a higher rate in the deals where the CEO shows up on a jet. How would the team be structured? Can you give an example?
Marketing teams can make a 20% improvement in customer NPS or customersuccess within one quarter. Founders should encourage honesty and feedback from customers, even if it’s negative. Building a Brand Building a brand is essential for long-term success. Consistency is key in marketing.
Dear SaaStr: Dear SaaStr: What Were Aspects of Your Startup That Were Easier Than Anticipated? The part I didn’t originally get as a first-time SaaS founder was how relatively easy is it to grow exising accounts and account size if your customers are happy. 120% NRR: Your revenue doubles in 5 years even with no new customers.
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.
Dear SaaStr: Is It Ridiculous To Call Yourself the CEO When Your Startup is Tiny? I used to look at tiny little startups and wince when a founder went around talking about himself as “CEO”. But then I had to learn how to Sell to Big Customers, and Sell to Power. And what I learned is customers care.
Hire stretch reps if you want, but someone without any closing experience likely can’t close at your startup no one has ever heard of. Startups are a journey and you need reps that want to be on the journey. Maybe OK for customersuccess. A lot of folks don’t want to visit customers in person anymore.
Startups are innovation machines. Others want to innovate in every dimension and re-invent every discipline from pricing to marketing to support to customersuccess. They identify market opportunities, develop novel products and go out to change the world.
If you must choose a long term headquarters for your startup, call an executive recruiter who focuses in that city. VP Engineering, VP Product, VP Sales, VP CustomerSuccess, VP Marketing, or VP Operations. After establishing product market fit, the startups grow their management team to scale.
Speaking with startups, I’ve collected a list of disciplines that are going to become very important in the next period. Customersuccess and account management teams should focus on understanding customer health. Some startups may face meaningful attrition within their customer bases.
It’s mission-critical to go multiproduct on time — too early is bad but too late is bad too We’ve written this up already a few times recently on SaaStr already as Jason did a deep dive on this just last week and Parker Conrad’s theory of the compound startup from SaaStr Europa is a masterclass on the matter.
It was started in 2014 when founders Daniel and Jonathan were working together at a delivery startup and experienced firsthand how slow background checks were slowing down worker onboarding. Naturally, their first customer was DoorDash and the quickly captured 95% of the gig economy market in their early days.
The Y Combinator Guide to Perfectly Pitching Your Seed Stage Startup with Michael Seibel #4. How Much of Customer Support Will AI Replace? The Top 10 CustomerSuccess Metrics Investors Care About in 2025 with Gainsight CEO Nick Mehta #4. Top Posts: #1: 70% of Pipeline from Marketing Comes From Just 4 Things #2.
What is the right Go-To-Market strategy for a startup getting out of the gate? Everything is defined by customer interactions, from how they find Harness to becoming a customer. What’s his response to startups figuring out which strategy to begin with, product-led or sales-led? “It Sign up here to join them FOR FREE!
Dear SaaStr: What Do You Do When Your Startup is Not Growing Anymore? The post Dear SaaStr: What Do You Do When Your Startup is Not Growing Anymore? First, be honest about why. You can blame it on macro issues if you want, but if growth has radically decelerated, it’s likely because you are less competitive than you were before.
Dear SaaStr: Why Do VC Backed Startups Seem To Almost Always Be Running Out of Money? A customersuccess team that can’t drive down churn and drive up NPS = cash drain. The #1 issue I see is not understanding what investments really are accretive — and which aren’t. And so the money goes far, far faster than anticipated.
So we’ve been talking about customersuccess at SaaStr longer than almost anyone else, going back to our very first posts in 2012, including on Second Order Revenue. CLTV Isn’t The Whole Story. Don’t Shortchange Second-Order Revenue. Especially in this new age of efficient growth.
From seed funding to going public, Spenser Skates, CEO, and co-founder of Amplitude will discuss his journey building Amplitude’s Digital Optimization System from the ground up and empowering organizations of all sizes — from startups to Fortune 100 companies — to build better products. Why CustomerSuccess and Product Should be Best Friends.
Holly Chen is the Managing Partner of ExponentialX, a Marketing and Growth Advisory Collective for high-growth SaaS startups, advising companies like Miro, Loom, ServiceNow, Appsflyer in their growth journeys. The post GTM 94: Mastering Branding, Pricing, and CustomerSuccess for AI Startups with Holly Chen appeared first on GTMnow.
In this edition of CRO Confidential, Sam Blond (former CRO at Brex and current Partner at Founders Fund) hosts his former colleague Lucas Fox (GM of Brex for Startups). Churn vs. Expansion: Where to Start As many startup founders know, in the beginning, acquiring customers is key to getting off the ground.
Dear SaaStr: When Should a CEO of a Startup Stop “Doing the Work” and Let Others Do the Work? ” I see far too many founders these days get this far without a head of sales, marketing, customersuccess, product and often engineering. You’re just holding yourself back for the next phase if you done have a 1.0
Check out this week’s top blog posts, podcasts, and videos: Top Blog Posts This Week: 5 Interesting Learnings from Docebo at $145,000,000 in ARR Fractional CROs and CMOs: The Only Times I’ve Ever Seen Them Work 90%-95% of Salespeople Won’t Make It At Your Startup. A 6 Part Test to Help You Get It Right.
This showcases a narrow segment of a niche market, and it’s missing a lot of startups. Any startup in any reasonable category likely has dozens of competitors, and Altman believes the best strategy to compete in 2023 and beyond is multi-product. Startups are no longer fringe. How can a startup compete with a big company?
The best leaders have experience with both startups and scale to navigate the in-between. ” A company is fundamentally a collection of interlocking systems: Lead-to-cash systems New product introduction systems Talent acquisition systems Customersuccess systems The magic happens when these systems work together seamlessly.
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