Maura Rivera & Sarah Franklin & Sarah Varni & Scott Holden 34 min

The Modern CMO’s Survival Guide


Today’s CMO is under crazy pressure. Join all-star panelists as they spill their strategies for surviving and thriving in the current climate.



0:00

>> Hi, everyone, and welcome to today's segment,

0:03

the Modern CMO's Survival Guide.

0:06

I'm Mora Rivera, I'm the CMO here at Qualified,

0:08

and I am so excited for our panel discussion that we're going to have today.

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We have a total all-star lineup.

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We have Sarah Franklin,

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who's the President and CMO of Salesforce,

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the Cloud Computing Powerhouse.

0:20

We have Scott Holden, who's the CMO of ThoughtSpot,

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the Modern Analytics Platform,

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and we have Sarah Varney.

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She's the CMO of attentive,

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they are a leader in mobile marketing, former CMO of Twilio.

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We have such a rock star lineup in all of these folks I've had

0:35

the pleasure of working with throughout my career.

0:37

Today, we're going to be talking about all things pipeline generation,

0:40

and we're also just going to pick each other's brains

0:42

about what's on their minds as CMOs as we wrap up 2022,

0:47

and we go into 2023.

0:48

It's going to be a great session.

0:50

>> Thanks for having us. It's exciting to be here with everyone.

0:53

Good friends here.

0:54

>> Good friends. Lots of history in this room,

0:57

which is super, super fun.

0:58

I think to start us off, Scott,

1:00

I want to start with you.

1:01

Craig referenced in his opening segment,

1:04

something that you said that's really stuck with him,

1:07

which is as a CMO,

1:09

if you're not hitting your pipe gen targets,

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nothing else matters.

1:12

You can't do any of the fun stuff.

1:13

All of that is put on hold if you're not hitting your pipeline targets.

1:18

I would love to start with you and just here,

1:20

where does pipeline generation sit on your priority list right now,

1:24

and has it changed on your priority list

1:27

as we wrap up 2022?

1:28

>> Well, thanks for having me,

1:30

Mara, and it's great that you got this old band back together.

1:32

Excited to be here with the two Sarah's.

1:35

Well, I've said this before,

1:37

but for me, pipeline is always number one,

1:40

and nothing ever takes over that number one position.

1:45

I often tell people that my CEO only calls me for two things.

1:49

It's pipeline and story, which is more of our brand narrative.

1:53

But really, the only time you ever calls me in a panic state is over pipeline.

1:57

And the way I look at it,

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if he's calling me about this quarter's pipeline,

2:02

I'm in trouble.

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It means that something's already gone wrong.

2:06

Because as we all know as marketers,

2:08

it's not like you can fix your open pipeline problems for this quarter

2:11

more often than not.

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It's something you got to be ahead of.

2:15

And so that's the thing that always keeps me up at night.

2:17

And it's a critical thing to think about,

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and maybe we can get into it here.

2:21

But I always think of pipeline in two ways.

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One is the creation engine.

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It's you're always feeding and keeping track of.

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And the second is pipe maturation.

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So ideally, if you're always creating a steady clip,

2:34

you back into what your teams need.

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That once the quarter begins,

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the open pipeline management, if you will,

2:41

comes down to sales execution.

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And so if you have those two things figured out in advance,

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usually it goes pretty well.

2:48

But as we all know, it's trying times right now,

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and so everybody's probably getting a little extra pressure

2:54

on their pipeline at the moment.

2:56

- Definitely.

2:59

And I'm curious this past quarter,

3:00

if there's more of a stress or focus on that pipeline maturation piece.

3:05

Like for us, we've talked a lot about window shoppers

3:07

when it comes to pipeline generation.

3:09

And buyers are still out there.

3:11

They're still checking out your software.

3:12

But they might not be as ready to kind of progress through a sales cycle.

3:16

Have you guys seen any trends in terms of needing to spend more time

3:20

focusing on pipeline maturation than you have pipeline generation?

3:24

In quarters past?

3:25

- I'll jump in.

3:28

I mean, I think for in my view,

3:30

you always have to have a short and a long game when it comes to pipe gen.

3:33

I think right now in the economic conditions,

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we're living under there is a desire just to focus on

3:41

those short-term tactics that you know we're going to show up

3:44

in your spreadsheet in two weeks.

3:45

There's a real desire to make sure that everything that you're doing

3:48

from our perspective shows instant ROI.

3:50

And I think that works to a certain extent.

3:53

You can go buy branded Google keywords all day long and show ROI.

3:57

But that's not necessarily going to build a healthy long-term funnel.

4:00

And so I always try to communicate with my stakeholders

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if that's my CFO, if it's my head of sales, if it's my CEO,

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that investing in both top of funnel as well,

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investing throughout the entire funnel honestly

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is going to create a healthier, more efficient funnel long-term

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and ultimately save your company money.

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And I think there's no better time than right now

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to be making sure that that argument is clear

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and to whatever extent you can back it up with metrics

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and real data, the better off you're going to be as a marketer.

4:35

That's great, Sarah Varney.

4:37

Oh yeah, go ahead Sarah Franklin.

4:38

I was going to chime in and say,

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I of course agree with everything they both said.

4:43

And just adding that right now,

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what we're seeing is that you just need more coverage.

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And so pipe gen is so critical.

4:52

Pipe mat's very important.

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But we just, what we're seeing right now

4:57

is you need to juice your coverage ratios

4:59

because you need more pipeline

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when you're on certain budgets with your customers.

5:04

Totally. Craig was talking about that in his segment.

5:08

He was saying that 5X is the new 3X

5:11

in terms of pipeline coverage that's needed.

5:15

Sarah Franklin, I'm curious for you guys at Salesforce

5:17

how you're thinking about pipeline generation.

5:20

And I'm using your last name since we have,

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we were saying two Sarah's.

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And Sarah, Sarah's not.

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So we have a lot of S's in the room.

5:26

But Sarah Franklin, I would love to hear

5:28

you guys are such a mature organization, right?

5:31

Salesforce is massive and all of us have worked there.

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That's where I got the pleasure of working with all three

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of you guys a long, long time ago.

5:39

But in terms of being at such a massive company,

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have you guys pivoted your strategy a lot

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from a pipeline generation standpoint

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or how are you thinking about pipeline generation

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for such a big company and a small company?

5:51

It's easier to turn off programs, turn on programs,

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pull levers, shift budget.

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But what's it like leading the marketing

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at a massive organization that's going through change?

6:01

Is a great question.

6:04

It's really, when you say the word strategy,

6:08

it's actually a strategy hasn't changed.

6:12

The strategy is long term.

6:13

And as Varney was saying, your strategy is balanced

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between top of funnel, bottom of funnel,

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and then your focus on which channels

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you're going to go through.

6:25

And what you are looking at right now

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and what we're seeing is just how it can be more efficient.

6:30

So we're really doubling down on our analytics right now

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and seeing what is performing super well.

6:38

And as we mentioned, increasing the ratios.

6:41

I love saying that 5X is the new 3X

6:43

because you really need more coverage.

6:46

And the strategy remains the same of we're working

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on building our first party data strategy

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and zero party data strategy so that we can get

6:54

our customers and prospects to subscribe to our brand,

6:58

to drive personalized engagement at scale.

7:01

Nothing about that strategy has changed.

7:03

Just the tactics may vary and we are looking more and more

7:08

into analytics to be an AI, to help us do our best marketing

7:15

and put the best tactics in market that work right now.

7:18

And you combine that with relevant messaging.

7:20

So there's the mechanics of your pipeline.

7:23

But then just also, I'm literally going through all

7:27

of our content and saying, what do we retire?

7:30

What do we create?

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Because we've gone from this rapid change from a pandemic

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into now a rapid change with economic downturn.

7:42

And so that means that you need to not just message growth

7:47

but message about efficient growth

7:50

to your customers and prospects.

7:52

We'll go over click on that whole creation

7:56

versus maturation topic because I think it's a fascinating one.

8:00

And there's certainly a feeling out there

8:06

that 5x is the new 3x.

8:07

And in general, if you could snap your fingers

8:10

and make that happen, why not?

8:12

It's in this climate.

8:13

It's definitely the thing that you should do.

8:15

Come on, Holden.

8:16

You got it.

8:16

Snap right now.

8:18

I have X pipeline.

8:20

But it's interesting, right?

8:21

Because ultimately, marketing contributes to pipeline.

8:24

And so do your SDR team or your partner team.

8:28

But ultimately, at the end of the day,

8:29

it's like sellers that create pipeline.

8:31

And one of the things that we're wrestling with,

8:33

and I'm sure every company's wrestling with,

8:34

is that if you're having your sellers

8:37

have to work harder in this climate to close business.

8:40

And then you turn on and say, well,

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I know you're working harder to close it.

8:43

Why don't you work even harder to create even more?

8:45

Because you know it's not going to work.

8:46

Something has to give.

8:48

And you think, Sarah, we're kind of focused on the--

8:50

Sarah, Frankl, that is.

8:52

We're focused on the same thing, which is some people,

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like if you're working some really big deals

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and things are going pretty well,

8:58

distracting you from that to telling you to go create 5x

9:01

coverage when you're likely to close and hit

9:04

your target versus places where there are something

9:07

that might not have later stage pipeline in the works.

9:10

And they actually would benefit from having more top

9:12

of funnel.

9:13

The thing that we're seeing as we dig in

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is that we've got pockets of strength where we need more,

9:17

and we've got pockets of--

9:18

or we need less, and we have pockets of strength

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or weakness where we need more.

9:22

And so it devils in the details a bit.

9:24

And I'm spending a lot of my time

9:26

trying to make those trade-offs right now,

9:28

instead of just the blanket silver bullet.

9:30

Everybody needs 5x.

9:31

Yes, but where are we going to put that, can it?

9:35

Yeah, I mean, I think--

9:36

It's also--

9:37

--as you can be with your spend right now.

9:38

It's every dollar matters.

9:40

And I also think making sure that you're fine-tuning

9:43

every break point or-- every conversion point

9:45

of your funnel to irk out as much efficiency as possible.

9:48

Like speed the lead has never been more important.

9:50

Follow-up has never been important.

9:51

You don't want to leave a pipeline dollar

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on the table these days.

9:56

And I think with-- even though that might seem small

9:58

on the margins, my dog's excited about this too.

10:03

If you can hear it in the background,

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even though it might seem small in the margins,

10:06

that can add up to get you closer to what you

10:09

need by the end of the quarter.

10:12

Yeah, it's not like we're all getting bigger budgets

10:14

in this climate to go get that fly back.

10:15

Like what can we do right now to bend the curve with no new

10:18

dollars?

10:19

And that's what I'll ask.

10:21

I mean, it's the one that's been put on us.

10:23

I'm sure we're all getting that.

10:24

But you've got to be smart about where you place those bets.

10:28

Yeah, 100%.

10:30

And I was going to ask the question.

10:32

I think now is the time where we're all probably

10:34

getting a lot of scrutiny from other stakeholders

10:37

in the business.

10:38

Scott, you talked about those calls from your CEO.

10:41

I think right now we have CFOs, CEOs, people

10:45

who used to kind of maybe--

10:47

not saying CEOs would, but maybe CFOs paid less attention

10:50

to marketing.

10:51

Now they're our new best friend, whether we like it or not.

10:54

I know I've been in a lot of meetings with our great finance

10:57

team looking at the data, giving them justification,

11:00

talking about ROI.

11:02

How do you guys think about creating trust

11:05

with those counterparts and kind of helping educate

11:08

and get buy-in from teams who might not

11:10

be as familiar with marketing?

11:12

Sarah Franklin, you had talked about analytics being really

11:15

important right now and having single source of truth

11:17

to kind of justify your investments.

11:19

But how do you create trust with those partners,

11:22

especially for things that might not have that short term

11:25

return?

11:26

Sarah Barney that you talked about,

11:27

but it's a longer investment in the company and the brand.

11:31

How do you guys think about those relationships

11:33

and building trust there?

11:36

I can start and just say something

11:38

which is very sales force and this crew will know,

11:42

which is transparency builds trust.

11:45

And we've created our heart of marketing,

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which is our deep analytics, which

11:51

I have shared with the entire team and leadership team

11:56

and distribution, marketing, et cetera.

11:58

Anybody who wants to know how we're spending our money,

12:01

where it's going, our budget is completely transparent

12:05

and completely accountable to the return on those investments.

12:10

And I think you build a trust through that one,

12:12

that transparency.

12:14

Two, you just show up with common sense.

12:18

If something doesn't work, you admit it.

12:20

And you say, yeah, I did this and didn't work.

12:23

Or, yeah, I ran this event.

12:25

Maybe it could be a little bit more cost efficient.

12:27

And we don't need the live trees and the waterfall.

12:33

As much as we love the live trees and the waterfall.

12:36

Those.

12:37

[LAUGHTER]

12:39

I did mainly add that those sales force events.

12:41

Right.

12:42

No, but then when you say that, you say, hey,

12:47

we could take away the waterfall,

12:48

then hold in exactly that emotion comes out.

12:53

People say, no, no, no.

12:55

I don't want to lose the waterfall,

12:56

or I don't want to lose the stuffies.

12:58

But you can really just show up yourself as a real person.

13:02

And don't get defensive.

13:04

It's a fair question to ask when somebody says,

13:07

is this effective to spend?

13:09

It's your money just as much as their money.

13:11

And it's fair.

13:13

So when you lean into the logic of it,

13:15

now the emotion, you let the analytics guide you.

13:19

And then you bring them in the fold a little bit.

13:21

And you get them close to it.

13:24

They get attached.

13:25

The other thing is--

13:27

and I've just been through this-- where candidly,

13:31

we cut some stuff.

13:33

And now it's two quarters later.

13:35

And they're like, hey, where's that pipeline?

13:38

You're like, well, see this negative sign?

13:42

That's what you see.

13:45

When you cut that money, that pipeline goes down.

13:48

And they're like, oh, we don't want to do that.

13:52

So sometimes you have to roll with it.

13:55

And that would be my advice.

13:58

I was going to say very similar things.

14:00

I think it's easy to take things personally in this environment.

14:03

I think you have to quickly put your shareholder hat on

14:05

and say, what is the best thing for the company?

14:07

We all have efficiency that we can gain in our business.

14:10

And I think that even though it's trying times,

14:13

we're going to come out of it stronger and better marketers.

14:16

But I also think it's really being clear on what's above the line,

14:19

what's the below line, what are the trade-offs if we don't fund X,

14:23

Y, and Z.

14:23

Unfortunately, palm trees and stuffies aren't

14:25

the below lines for me right now.

14:27

But I think just being hyper clear,

14:28

like, hey, if we cut that budget,

14:31

we might not be able to deliver the number of leads

14:34

that we were thinking in for our lower segments.

14:37

And if we don't do that, sales is

14:38

going to have to make up that gap.

14:40

And just I think being really clear on what those trade-offs are

14:42

and saying, be very neutral about it.

14:47

As a shareholder, these I am concerned that we're not

14:50

going to hit our target in X. I think

14:52

you're going to get a way better response than being

14:54

like, why is marketing always get the short end of the stick?

14:57

And why are we just constantly moving stuff to sales

15:00

or whatever the dynamic is at your company?

15:02

I think if you can be calm and measured about it

15:05

and very practical with numbers and say, hey, this

15:08

is what we'll get for this spend and this is what we won't,

15:11

you're going to have--

15:13

to Sarah's point, you're going to build more trust

15:15

with those stakeholders over time.

15:19

Yeah, and I think it's kind of simple, right?

15:20

It goes back to communication.

15:22

It goes back to being data-driven.

15:24

Sarah Verney, I was curious about you guys,

15:26

because attentive, you guys are blowing up right now.

15:28

I've seen you guys make all these big brand plays,

15:31

big billboards on the 101.

15:33

You just had a huge conference.

15:34

Was it your thread conference?

15:37

How are you thinking about those big investments?

15:39

Because you guys have burst onto the scene.

15:42

And it isn't a natural time to want to pull back

15:45

once you have this momentum.

15:46

So how are you guys thinking about it at attentive?

15:49

Well, I think we're going back to these good bets.

15:51

Being really mindful about where you're placing those bets.

15:55

When we went and bought, went through the process

15:58

of buying our out-of-home placements,

16:00

we went and went super pop culture,

16:05

touristy, center of the world type stuff.

16:08

Like, right in the middle of Times Square.

16:09

And we had a bunch of salespeople take pictures with it

16:11

and share it all on their social networks.

16:13

Like, we didn't go and spray and pray

16:15

a bunch of different places.

16:16

Or we went close to events where we knew a lot of our audience

16:19

was already going to be, and they were likely to go

16:21

and share the content.

16:22

So I think it's-- I still believe you definitely

16:25

will always want to have that short and long game.

16:28

And you just have to figure out how can I--

16:31

those ratios might change a little bit right now

16:32

in this environment when you really have to put your dollars

16:35

to work.

16:36

But I think with the remaining budget

16:38

that you have to still think about how to invest in brand

16:41

and think about how to invest in those long-term tactics,

16:44

you just want to be really smart with how you can make those

16:46

dollars go as far as possible.

16:49

I mean, I always think that there's a--

16:51

people think that there's pipeline generating activities

16:53

and then non-type line or brand.

16:56

I think of it as all connected.

16:57

I mean, everything we do, especially in B2B marketing,

17:00

is in the service of pipeline.

17:03

Even the brand things that we do.

17:04

Even the palm trees and the music and dream force,

17:07

I mean, it all matters.

17:08

And people are like, we all buy with emotion.

17:11

That doesn't matter.

17:12

They ultimately do feed pipeline at the end of the day.

17:15

The challenge, I think, for us as marketers

17:17

is that we're in this world of art and science.

17:20

And the science part of marketing is really complicated.

17:23

I mean, it's hard to explain all the nuance of what we do

17:28

to people that aren't in the trenches with us every day.

17:30

And I think one of the things marketers claim

17:33

to be great storytellers, we have

17:34

to be great storytellers and educators inside the company

17:36

about how marketing works.

17:38

And so I invest a lot of time to try and explain

17:42

whatever programs that you're doing,

17:44

already you mentioned segments like understanding

17:46

the different segments behaving different ways,

17:48

different marketing channels behaving different ways.

17:51

All of that stuff matters when you're showing up

17:53

to your CFO hat in hand.

17:54

If they understand the mechanics of what we do,

17:58

they're much more likely to greenlight that initiative

18:00

or that budget for that new program.

18:03

- That's great.

18:05

I think you guys all have the shared sentiment

18:07

of like bring them along for the ride,

18:09

bring them into the journey, create a partnership

18:11

so that it feels like they're kind of bought

18:14

into what you're doing.

18:15

Scott, I'd love to ask you the same question,

18:17

thought spot, you guys are one of the most modern brands.

18:21

You're a brand I look to all the time for your website,

18:23

for your videos, for your conferences,

18:25

your beyond conferences in the spring.

18:27

How are you kind of looking at priorities for 2023?

18:31

Are you toning down everything from a brand perspective?

18:34

Are you keeping it full throttle,

18:35

knowing that it creates this halo for pipeline generation?

18:38

- Well, even if I try to turn it down,

18:40

I think our creative team and our brand team

18:42

would always be trying to dial it up.

18:43

It's funny when folks have passion around something,

18:47

you can't hold them back to some degree,

18:49

but I'm in a thought spot as an analytics platform.

18:54

We're in a hyper-competitive space,

18:56

actually, Sarah Franklin and I compete

18:58

with one of her many products on this dimension.

19:01

- Friendly competition, it's good.

19:03

- But it couldn't be more important time for analytics.

19:05

And so even though the macro climate is not great right now,

19:09

analytics, people need it even when they're going down,

19:12

they need to study those numbers

19:13

just as much as when they're going up.

19:15

And so we haven't really seen any major impact there.

19:19

I think people are making your work a little harder

19:21

to justify spend, but that's generally good practice anyway.

19:26

So in terms of where we're focused,

19:29

I think for us, it's less about the macro conditions

19:32

and more about, we've historically,

19:36

and you know this more, you've been following us for a while,

19:38

like we sold to generally the Fortune 500,

19:40

the Global 2000, like really big companies.

19:43

And recently we just started selling

19:44

to basically everybody, we've launched a $99 a month product.

19:48

And so I am really focused on that whole segment worldview

19:52

and what worked in terms of big ABM tactics

19:54

for the Coca-Cola's and the apples of the world

19:58

are not necessarily going to work

19:59

for the 10 person startup down the street.

20:01

And those tactics and how we allocate dollars to them,

20:05

like that's actually the conversation I'm having

20:07

with our CFO right now, because as you ramp

20:09

new businesses, new segments, the mechanics are different

20:12

and everybody needs to understand how those mechanics vary.

20:14

So that's where I'm spending a lot of my time

20:18

deep in data justifying those investments by segment.

20:21

- I would just add on to that,

20:24

- Oh yeah, go ahead. - We're going to go quickly

20:25

on analytics where we tend to focus

20:28

on the marketing tactic analytics.

20:32

There's a lot more analytics as well

20:34

or just around your organization,

20:36

which are so important to pay attention to

20:39

in terms of what people are doing,

20:42

where they're investing their time.

20:44

And there's a lot better ways now to look at that.

20:47

And the percentage of your budget between program,

20:51

head count, what you're spending on, what you've augmented,

20:55

head count with contractors and things like that.

20:58

And that's another thing, which as a CMO,

21:02

you have to have a really strong understanding

21:06

of the business that you're running in your team

21:09

so that you can have that strategic conversation

21:11

of where you need to be growing and investing

21:13

and what asks you're asking for,

21:15

if you really need head count or if you really need program

21:19

and how to balance that through the year

21:22

so that you can also work with your finance business partner

21:27

to not just be given a bunch of money at one point in time

21:31

and then have to just go big on some paid media

21:34

or something at the end of a quarter,

21:37

but really so you can balance those things out.

21:40

So there's a lot of strategy in your budget planning

21:42

and your workforce analytics.

21:44

So you need to not just look at like how well

21:46

your marketing is doing.

21:48

You really need to look at how well you're performing

21:51

as a marketing organization.

21:53

- I think that's a great segue to my next question,

21:56

which is thinking about your marketing organizations

21:59

and your teams.

22:00

You guys all have big teams

22:02

and this has been a trying year to lead teams.

22:07

How have you guys kind of taken your teams

22:10

through these shaky times, your internal marketing teams?

22:13

And how do you think about leading with optimism

22:16

and getting them excited for next year?

22:18

We talk about the fact that for a lot of people

22:20

in the workforce, this is their first downturn

22:23

they've experienced.

22:25

So how do you guys think about leading as a CMO

22:27

and keeping your team motivated

22:29

as the world around us has changed a lot this year?

22:31

- I'll take it.

22:35

- Okay, you guys got?

22:38

- Well, I mean, we're in this climate

22:40

of doing more with less and that's a tough time to be a leader

22:44

and we all find ourselves going from pandemic leadership,

22:48

which for me personally was the hardest thing I've ever done.

22:51

Trying to lead teams remotely.

22:53

We changed a bunch of things

22:54

and aren't going to market during that time

22:56

and that was trying.

22:58

And now we're entering this new era of down economy

23:02

and it's hard also.

23:04

And so I think the number one message

23:05

that I've been giving my team is about focus.

23:09

And it's easy to say we need this, we need this,

23:13

and I keep telling them push back on me.

23:16

These are the priorities.

23:18

We've just gone through our whole v2 mom process,

23:21

which we all learned and loved from Salesforce days.

23:24

And I've spent a lot of time on that

23:26

and I'm asking my team to push back on me

23:29

and say these are the things that matter,

23:30

let's debate what the priorities are.

23:32

And then if you find yourself working on something

23:35

that isn't on the priority list

23:36

as we've outlined it, challenge me, push back.

23:39

And that, it's a forever battle.

23:42

It's one of those things I think when times were tough

23:45

as leaders we got to over communicate

23:46

and communicate and communicate.

23:49

But that's the normal thing for me is focus

23:51

because I feel the tension in the team

23:54

and the only thing we can say is like,

23:57

okay, it's not like we're never going to do that,

23:59

but maybe we can push that out a little bit.

24:01

And that's, you kind of got to fall back on that

24:04

as the play is opposed to like, okay, let's give up.

24:08

You got to move forward.

24:10

- No giving up ever.

24:11

- Yeah, yeah.

24:12

- Yeah.

24:13

- Right now it's one.

24:14

- I completely agree.

24:16

Like V2 Mom's so important,

24:18

having clear prioritization, focus, all of that's so important.

24:21

What I would say in addition as,

24:25

in this group is one that leads from the front,

24:28

you're there with your team, you do all those things.

24:31

A shift, I will say, is that I'm a huge believer

24:36

in in person right now.

24:39

We are coming off of two years of people being away

24:44

from each other, away from a culture.

24:46

The serendipitous conversations that you would have

24:51

just five minutes here, five minutes there,

24:53

you don't get that in the digital world.

24:57

And it's very interesting because people very much

25:02

like think they want something,

25:04

but it's different than what they need.

25:07

And a lot of people want to be at home

25:09

to have the flexibility to not have the commute,

25:14

to do the lot, like it's all great,

25:19

but you don't understand, I didn't understand until really

25:23

recently how much we need to be together,

25:26

to learn from each other, to connect with each other.

25:29

It doesn't mean that you have to be in the office every day,

25:32

eight to five or nine to five or whatever,

25:34

but that has been a shift that we've been really purposely

25:38

working on, which is getting people back into the office

25:42

and getting people and our get back with our customers

25:46

in person.

25:47

And I think that that is the next step level change for us

25:52

coming out of the pandemic.

25:54

- What do you do there?

25:56

- What's typical, like are you back two days a week,

26:00

three days a week, five days a week?

26:02

- It's interesting if I'm in,

26:06

if I'm home, like meaning in my home area,

26:10

I'm in the office, unless it's maybe a Friday or something,

26:14

but I've balanced that with being out with customers

26:18

and traveling, so I've done a fair amount of traveling.

26:21

I know Varney you've done some traveling,

26:22

you go to New York fair bit.

26:24

- Just getting together with the moments that matter too.

26:28

I think there are certain things in marketing

26:29

that are like, they're possible to do on Zoom.

26:32

It's just a terrible experience.

26:34

Like I don't know if you guys have written a keynote on Zoom,

26:37

it's awful.

26:38

And so like, I think of course we just don't,

26:42

there's not money ran out of the sky to do off sites

26:44

everywhere.

26:45

We're primarily a remote organization and attentive,

26:48

but if we have something coming up that needs a level

26:52

of collaboration and getting in front of a white board

26:56

and thinking through some creative challenges,

26:59

I've really tried to figure out how we can get in person

27:01

and tackle some of that live.

27:03

'Cause even if you're gonna, you know,

27:05

spend those dollars to get everyone the same place,

27:08

it's gonna be much more efficient than having, you know,

27:11

15 people on 20 Zoom meetings to achieve the same thing

27:14

you could do in two hours live.

27:16

- I think you guys are right.

27:19

That's what's motivating right now is remembering

27:21

it's about like the relationships and the people

27:23

and working on projects and getting your hands dirty.

27:26

That's what will kind of carry people through.

27:29

Sara Verde for you, how are you thinking about leading

27:31

your teams to these kinds?

27:33

- Yeah, I mean, I definitely agree with everything

27:35

that Sarah and Scott said.

27:36

I think getting people to think about new ways to engage.

27:39

You know, I think about, you know,

27:41

prioritization, how important that is right now.

27:43

I think the one thing I'd add is just,

27:45

I'm trying to reward creativity wherever I can.

27:47

And I try to remind people that some of the best companies,

27:50

best software companies in the world,

27:51

were born in these crazy times of uncertainty.

27:53

Salesforce being one of them.

27:54

Salesforce started in 1999, right before the dot-com bust.

27:59

And, you know, I think that I'm trying to encourage people

28:03

to think outside of the box,

28:05

think about how we can be investing in things

28:08

that are pretty much free except for the people resource.

28:10

Like, how do you think about,

28:12

this is a great time to clean up your SEO strategy

28:15

and to start, you know, really investing in content.

28:17

This is a great time to really think about

28:19

how you can engage your super users to go do your bidding

28:22

for you and get more reach.

28:24

And so wherever I can, I'm really trying to encourage

28:27

my employees to think about, you know,

28:30

how we can do more with less, really.

28:32

- That's awesome.

28:35

- And I think about what Bernie just said is that,

28:37

it's something I love about her is that she's super fun.

28:41

And so when you're embracing creativity,

28:43

it's like, we need to have fun,

28:46

do more with less, but still have fun doing it, right?

28:49

And we work hard, but we can have fun at the same time.

28:53

And that's what we'll engage your employees to.

28:57

And so, you know, this is one of the funnest bunches here.

29:01

It's, we used to have a lot of fun in the office, you know,

29:06

with silly things, even with just having little headbands

29:10

at your desk or, you know, whatever you do,

29:13

like that type of, that type of fun.

29:16

And I love Barney Hays said rewarding the creativity

29:19

because there's a lot of fun creative ideas

29:21

that people can bring.

29:23

- That's great.

29:24

I know we're almost at time, but in terms of what I'm doing,

29:27

just do recently more, he like just like Halloween thing.

29:31

(laughs)

29:32

- Very cool.

29:32

- So, my studio, Stan Darcy is our talent.

29:35

Starkey might leave us for Hollywood soon.

29:38

(laughs)

29:39

But we have, we have just a few, but it's left,

29:42

but I'd love to wrap.

29:42

You guys are talking about motivation

29:44

and motivating your employees.

29:46

We have an audience here full of CMOs and revenue leaders,

29:49

and they're looking for motivation for 2023

29:51

as we kind of tackle a new year.

29:54

Any sage advice that can kind of be lightning round

29:57

as to how you think CMOs should be thinking about pipe gen

30:01

going into 2023, or kind of where their head should be at

30:04

as we go into a new year.

30:06

Scott, I'll start with you.

30:08

- Let's see.

30:10

So, I mean, there are two interesting trends

30:12

on my mind right now, and they're kind of juxtaposed,

30:15

sort of competing for brain space.

30:19

And one is that, you know, it's been said

30:21

that every company is becoming a media company.

30:23

And if you look at what Salesforce has done

30:26

and Sarah with Salesforce Plus,

30:27

like we're all trying to put out this amazing high-end content

30:31

to inspire our buyers and you're kind of like

30:34

really trying to punch up.

30:36

And then you've got this other thing on the horizon,

30:37

which is AI-generated content,

30:40

which is done by a machine and lacks, you know,

30:43

I think by most people's estimation,

30:45

that lacks some of the finesse and some of that,

30:47

you know, connective tissue to get people excited and emotional.

30:51

And so I'm trying to get my head around these two things

30:53

and be like, when do I, you know,

30:54

how do I think about them at the same time?

30:56

And I think both are massive trends

30:59

that we need to be taking advantage of,

31:00

but how you do that and how you place your bets

31:03

needs to be thought out carefully.

31:05

- And how about you, Varney?

31:09

Any, I'm going by last name, you know,

31:12

'cause it's just easier.

31:14

Any advice for kind of the crowd

31:15

of what you think CMO should be focused on

31:17

as we wrap up the year and go into 2020?

31:19

- Yeah, I mean, I would just say, you know,

31:21

expect the unexpected.

31:23

This market is moving fast and, you know,

31:25

just from a general management perspective,

31:27

I would think about how you can leave like 10 to 20% of slack

31:30

in your roadmap for next year.

31:31

Like if you think about, if we go back a year in time,

31:35

it was like omnichron central.

31:37

We were all still doing like virtual wine-tape things, you know,

31:40

like, and just think like how different the environment is

31:43

we're living in today.

31:44

So, you know, I think to the extent that you can save a little

31:47

slack for your team in the case that,

31:49

who knows what's coming?

31:50

I'm not saying a global pandemic,

31:52

but we just don't know like what's going to happen

31:54

from an inflation standpoint, from a market standpoint.

31:57

And I think to the extent that you can be agile

32:00

and flexible and move to that

32:01

and move to where your customers are,

32:03

the better off you're going to be as a team.

32:05

- 100%.

32:08

Sarah Franklin, I will be you.

32:10

- Everything that they've said,

32:13

I would say to add on, just be steady in your strategy.

32:18

Whether, like as Scott said, you're, you know,

32:24

wanna be a media company, you have, you know,

32:27

really highly produced content or, you know,

32:30

community created content.

32:32

That content has a purpose.

32:34

It's to create people subscribe into your brand

32:38

and building your first party data strategy

32:41

and building that out.

32:43

So whatever the tactics are, don't lose sight of your strategy.

32:46

And as Varnie said, be flexible, be sane.

32:51

Know that, you know, tough times don't last,

32:54

tough people do, and we'll all get through it.

32:58

And so there's more to life than, you know, only pipeline.

33:03

Although that we do live and breathe by the pipeline.

33:07

But that's where, you know,

33:10

you can tap to and building a CMO network in CUNY is so important.

33:13

Whether you're a CMO, whether you're head of marketing,

33:15

whether you do demand gem, whether you do creative,

33:18

tap your brother's sister friend in the industry

33:21

is ever more important and keep yourself steady.

33:24

'Cause it's gonna be tough times, but we'll get through it.

33:27

- That's great.

33:28

Well, I think that's a great note to end on.

33:31

And I think it's important that everybody

33:33

who's in the industry is ever more important

33:35

and keep yourself steady.

33:37

And I think it's important that everybody connects

33:39

with each other, looks to each other, learns from each other.

33:41

'Cause it's easy to get heads down in your own world,

33:44

in your own business, and to learn from each other.

33:47

So we feel so grateful that you guys are able to join us

33:50

for pipeline summit.

33:51

Scott, Sarah, Sarah, what an all-star lineup.

33:54

It was so fun to reconnect and just hear kind of where your heads

33:57

are at from a CMO standpoint, especially as we wrap up the year

34:01

and go into 2023.

34:03

So a ton of valuable nuggets in this session.

34:05

And we will see you guys soon. Thanks so much.

34:08

- Thanks for having us more.

34:10

- Thank you.

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