Adam Clay & Ian Faison

Harnessing Your Technical Drive


On this episode, we talk to Adam about optimizing your go-to-market strategy, aligning on the meaning of opportunity, and harnessing your technical drive.



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[MUSIC]

0:05

Welcome to Rise of RevOps.

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I'm your host, CEO of Caspin Studios.

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Today, I'm joined by a special guest, Adam.

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How are you?

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>> I'm very well Ian.

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Thank you for having me.

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>> Yeah, excited to have you on the show.

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You're a multi-time CRO.

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You've led revenue at a bunch of different organizations,

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worked with a bunch of different RevOps leaders,

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and who better to talk about RevOps than you?

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>> Thank you.

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>> All right, so let's get into it.

0:30

What was your first foray into revenue operations?

0:35

When did you first get introduced to it?

0:37

>> Yeah, great question.

0:38

I remember it clearly.

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The company was Blackduck and the year was 2014,

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and I was hired as part of a team that

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ultimately turned around the company that was flatlining.

0:49

We had a very nice exit, sold company,

0:52

pleased everybody, all shareholders.

0:54

The CEO who hired me said that he had

0:57

also hired a vice president of revenue operations.

1:01

I thought for sure that person's going to report to me.

1:03

He's now going to report to me directly.

1:07

When I first heard that, I was conflicted,

1:09

but then I came to understand that revenue operations first

1:12

and foremost is the guardian of the single version of the truth

1:16

about the organization's go-to-market performance.

1:18

I thought by the end, it was a brilliant decision on the CEO's

1:23

part to set that up as a separate function that ultimately

1:26

grew to a very sizable one that would partner with sales

1:29

and marketing and post sales to do all the things

1:34

that revenue ops is supposed to do.

1:35

But that was my first true introduction and a very good one.

1:39

>> We always talk about in startup plans that you want to hire

1:43

for the company that you're going to be.

1:45

And I think that the folks who make investments in rev ops,

1:49

we've seen, we have brought them on the show,

1:51

we've talked to a lot of people,

1:53

it's such a different thing when you get

1:55

to different gates of the company as you grow

1:58

because there's so much less of that just non-transparency.

2:03

There's, hey, we have this.

2:05

Even if you don't have all the answers,

2:07

which of course we never have all the answers,

2:09

but even if you're just saying,

2:11

hey, we've been tracking this,

2:13

'cause the funny thing is about startup world,

2:15

who you're selling to, what you're selling,

2:16

the number of products you have, all this stuff,

2:18

at Series A and Series D,

2:20

are two completely different companies anyways, right?

2:22

>> That's right.

2:23

>> If you're not tracking the historical trends

2:26

and those historical trends might not be super relevant,

2:29

but you got to know where you've been.

2:31

And without rev ops, like you said,

2:33

what is your single source of truth?

2:35

Is it the CRO that's changed twice?

2:38

Is it the CMO who's changed twice?

2:40

Or is it this function that has kept a record of that?

2:43

And I think that your first intro to it is,

2:45

is I think probably not very common.

2:47

>> Yeah, it certainly was uncommon at the time

2:49

and again, the decision wasn't mine.

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It was the CEOs of Black Duck and he's a brilliant guy.

2:55

But that VP of rev ops was a full time member

2:59

of the senior executive team

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and was in every meeting,

3:04

senior executives participated in from start

3:06

to finish from entry to exit.

3:08

>> Flash forward to now,

3:09

what's your definition of rev ops?

3:11

>> So I think so much of what I carry with me

3:14

is a definition was formed from my experience at Black Duck.

3:17

I was very fortunate to work with great rev ops teams

3:21

at the subsequent companies as well.

3:24

But I think first and foremost,

3:26

I've always adhered to a definition

3:28

that starts with maintaining a single version

3:31

of the truth regarding performance,

3:34

whether it's historical performance,

3:36

current performance or forecasted performance

3:38

across the go-to-market team,

3:40

which is typically defined as marketing sales

3:43

and post sales, either services, customer success,

3:46

or account management.

3:47

So maintaining a single version of the truth

3:51

and implementing the correct measure of people,

3:56

processes, systems and tools to get there,

3:59

which in this day and age,

4:01

you know as well as anybody in it,

4:02

it's a very complex thing to do.

4:05

So I think first and foremost that

4:08

and ultimately rev ops is there to optimize all facets

4:13

of the go-to-market and my definition would be

4:17

that optimization comes through truly objective,

4:20

detailed analysis that drives really high quality

4:25

decision making about where the problems

4:29

and the opportunities are in the market and internally.

4:32

And that decision making for a great rev ops leader,

4:35

like the one I worked with at Black Duck,

4:37

is not only for the rev ops team,

4:39

but it's in partnership with sales and marketing

4:42

and post sales.

4:43

So I think as a benchmark definition,

4:45

that's what I would want as a CRO and a rev ops org.

4:49

- That's perfect.

4:50

And so as CRO of tomorrow.io,

4:53

tell me how you think about rev ops for your company.

4:55

- Yeah, I think similarly to that definition,

4:58

a very ambitious venture back to growth stage company

5:01

growing very quickly.

5:03

So our rev ops practice is rapidly evolving.

5:07

We have a small rev ops team here,

5:09

so we take one thing at a time,

5:11

but I think we've done a very good job here

5:13

of maintaining a single version of the truth

5:16

because it's very hard to move forward

5:18

with any of the things that I talked about,

5:20

optimizing processes to make the GTM go faster

5:24

or enabling really crisp,

5:26

incisive decision making across the GTM org

5:28

if you don't have that.

5:29

And so from that perspective, I'm quite blessed here

5:32

that tomorrow I would have a team of people

5:34

who are driving that.

5:35

- And then in terms of your overall revenue strategies,

5:39

obviously this year, charge revenue.

5:41

How does technology play into your decision making?

5:44

How do you think about your strategy and the tactics

5:46

that you all are using and how you use technology and data

5:49

and all of those things to support?

5:50

- Great questions.

5:51

I'll hold tomorrow.io in mind,

5:53

but I'll also think a little bit about my other experiences

5:56

in order to answer that question.

5:58

So the fundamental question when it comes to marketing

6:01

and sales and post sales is always,

6:05

how do we create more opportunity?

6:06

How do we convert that opportunity?

6:09

At the highest possible rate and the lowest possible cost

6:12

to keep our cack down?

6:13

And how do we absolutely delight our customers

6:17

so that we not only retain them but grow them?

6:19

And I would think that every self-respecting,

6:22

go to market executive or CRO wakes up in the morning

6:25

thinking about how they're going to improve those things.

6:28

In this day and age,

6:29

because most SaaS companies are fairly complex

6:32

in the information that you would need to pull together

6:34

in order to make intelligent decisions

6:36

to improve those things and reliance on technology,

6:39

at least for me, is integral.

6:41

It's implicit in every decision making,

6:44

every decision that we make.

6:45

So we look routinely at the health of the top of the funnel.

6:48

That is a tech-enabled decision that comes through HubSpot,

6:50

it comes through Salesforce,

6:51

it comes through Google Analytics,

6:53

we look routinely at conversion data

6:55

and that comes through Salesforce, it comes through Gong,

6:59

we look routinely at the strength and health of our forecast.

7:02

Are we doing what we projected we would do?

7:05

And that comes through Salesforce,

7:06

we recently started using Gong to assist us in that regard.

7:11

And I would say the majority,

7:12

if not all, of the decision making is resting upon data

7:17

that we're pulling from one of those systems

7:20

and a few more that we need.

7:21

I think to not be technically driven in the decisions

7:24

that you're going to make and therefore the strategy

7:26

you're going to execute,

7:27

particularly for a SaaS company,

7:28

just as a disservice to shareholders.

7:30

All the data is there, you just have to have the discipline

7:33

to look at it,

7:34

the discipline to gather it,

7:35

and the discipline to pull the right people together

7:38

to make a thoughtful decision.

7:40

>> Yeah, and I think there's so much of that

7:42

is about asking the right questions.

7:43

And I think for a long time,

7:45

we were asking maybe there are the right questions,

7:48

but fundamentally we weren't aligned on

7:51

why we were asking them or what we were asking them for.

7:53

And having that base level,

7:55

like RevOps, one of the things that it allows you to do

7:57

is to ask questions of the data

8:00

to understand why the things are happening.

8:02

Okay, we know things are happening now.

8:04

Like back in the day, we didn't know things were happening.

8:07

Like we knew that things were happening,

8:08

but we didn't really know.

8:10

You didn't really know what was happening in RevOps calls.

8:13

You didn't really know what SDRs were saying

8:15

and in their emails.

8:16

You didn't really know how many people

8:18

are converting on the website and like heat mapping

8:21

and all these other things.

8:22

You didn't really know that stuff.

8:23

And now you can ask the question, why?

8:26

Like, why is this happening?

8:27

What's the secondary effect of this?

8:28

What's the third order effect of this?

8:30

If this, then that,

8:31

and that's the part where I would imagine being a CRO

8:34

has changed so much is that you have all the stuff

8:36

at your fingertips.

8:37

Like you get to ask all these things

8:39

and point to different things.

8:41

Whereas back in the day,

8:42

it was a little bit more straightforward, right?

8:44

- That's a very good point.

8:45

When I first started my career,

8:47

just the possibility of understanding what an SDR,

8:51

to take one function with an entire go-to market,

8:54

to understand what, who an SDR was calling,

8:57

what they were saying when they got them on a phone,

8:59

what the outcome was of that call,

9:02

what follow-up looked like.

9:04

Let alone what was sent after the conversation,

9:06

or what might have been sent in advance

9:09

to create the conversation.

9:11

We're on a system that relied exclusively on trust.

9:13

There was no data.

9:14

- Yeah, right.

9:16

- Only what you told me you did.

9:18

And I imagine that some managers might pull up the sent items

9:22

or go into some obscure system and pull the call logs.

9:26

That was about as close as we could get.

9:29

But now, from having a conversation with our SDR team,

9:33

I think this really started to change five or six years ago.

9:36

Of course, we still trust.

9:38

Of course, we still trust.

9:39

But I can also say, hey, show me.

9:42

Let's look at the prospecting emails.

9:43

Let's look at the performance of those emails.

9:46

How many did you send?

9:47

How many were open?

9:48

How many were read?

9:49

How many were click-through?

9:50

Okay, how many calls did you make at what time of day

9:53

to which people?

9:55

And let's listen to what you said in that call.

9:58

It's all available at the click of a button.

10:00

And so the coaching opportunities that arise

10:04

as a consequence of having all of that data

10:06

at the fingertips to complement trust

10:09

between a manager and an SDR in this example.

10:12

It drives progress forward dramatically.

10:15

And the earlier point, it enables strategy

10:17

'cause we can very quickly see over the course

10:19

of a thousand emails or a thousand phone calls,

10:22

what worked and what didn't work.

10:24

We don't need to guess.

10:25

We just need to be disciplined enough

10:26

and set our gut and set our instinct aside

10:29

to look at the data and make it informed decision.

10:32

That's very exciting.

10:34

Let's get to our first segment, Rev Obstacles,

10:36

where we talk about the tough parts of Rev Obstacle.

10:38

What's one of the hardest Rev Obst problems

10:40

that you've faced in the world?

10:42

I think the single most challenging,

10:44

the single biggest challenge rather,

10:45

the biggest obstacle that I've faced in my career.

10:48

I haven't faced it here,

10:50

but I faced it at other companies that I've worked on

10:52

because as I've worked at, 'cause often as a CRO,

10:55

you're brought in, not, and I'm sure you and you know this,

10:59

not because people are like thrilled

11:01

with the way things are going.

11:02

Sure thing, yeah.

11:03

Right, rule number one, you're expected to make change

11:07

and manage that change and keep everybody motivated

11:10

through that period of change,

11:12

assuming that the changes you're gonna make independently

11:14

or with the rest of the executive team

11:15

advance the business's interests.

11:17

Everything we do is in the interest of the business.

11:19

Not everybody, when you come into a company,

11:21

has the same ideas.

11:22

Not everybody in marketing, for example,

11:24

or post sales has the same ideas about,

11:27

and this gets the answer to the question

11:28

that you asked about challenges

11:30

about what an opportunity is.

11:33

But think about it, the opportunity is at the crux

11:36

of the way that we evaluate the effectiveness of pipeline,

11:40

the effectiveness at the early stages of a sale,

11:43

how much opportunity are we gonna create

11:46

and how good are we at converting leads

11:49

and the opportunities.

11:50

Agreement on what an opportunity actually is,

11:53

it can be depending on the organization, hard fought,

11:56

and so I've joined organizations in the past

11:59

where opportunity equaled meeting.

12:01

- Yep.

12:02

- I don't, maybe there are some businesses

12:04

where you're lucky that you convert a very high rate

12:07

of meeting to close one pipeline,

12:09

but in most organizations I've worked for B2B companies

12:12

that are selling the enterprises or selling,

12:15

even to the SNB, opportunity doesn't equaled meeting,

12:18

but you'd be surprised at how many companies have built

12:21

their entire pipeline based upon that notion.

12:24

So now we've gotta introduce, for example,

12:27

rigorous systems of sales qualification

12:30

to define what an opportunity is, but guess what?

12:32

The number of opportunities the marketing team creates

12:34

or the SDR team creates is going to come down

12:38

as a function of the introduction of that rigor

12:40

and helping everybody understand why that's good

12:43

for the business and then aligning everybody's incentives

12:46

that can be challenging.

12:48

And I think that same drama plays itself out

12:52

in software companies around the world.

12:53

You often see the same challenge arise.

12:57

When you talk about leads, a new CRO, new CMO,

13:00

get together aligning on a single version of the truth,

13:03

hey, what's the lead here?

13:05

Is it somebody fill out a form on our website?

13:07

Is it a name that we pumped into our database?

13:10

Is it somebody that actually raised their hand

13:12

and said, "Contact me?"

13:13

We have to talk about it.

13:15

And so suddenly, if you align to a more stringent definition

13:18

of what a lead is, you might be creating quite a bit

13:22

of conflict for marketing teams that up until that point

13:25

have been measured, have been bonus,

13:28

have been padded on the back for driving a standard unit

13:32

that has a lower definition or a lesser rather definition.

13:35

Most of the challenges that I've had as a CRO

13:38

have come in and around those sort of definitions

13:41

and it's the steady unwinding of those definitions

13:44

to something that really means something

13:46

that the business, which is typically a qualified lead

13:49

and a qualified opportunity.

13:51

I can take a little bit of work.

13:52

- Yeah.

13:53

- Now that was a really long answer.

13:55

I hope I answered your question.

13:56

- We could probably keep talking for the next three weeks

13:59

just on this topic and we still probably wouldn't do it

14:01

just this, so I totally agree.

14:03

I used to have a boss who would take a photo of someone

14:07

with an ad somewhere in the wild and then send it

14:10

to the team and then it would be like a lead.

14:12

Hey, here's a lead.

14:14

Like, just because someone is buying an ad somewhere on earth

14:18

and does not mean that they're spending money with somebody

14:21

and I would be like, the only rat.

14:23

I'd be like, yeah, I guess, but why are they buying that?

14:27

Who is the target for that?

14:28

Is that in and around our solution, et cetera, et cetera,

14:31

et cetera, that's another thing.

14:33

If is it someone who is driving, showing intent to do X, Y, or Z?

14:38

Is it someone who's using a competitor?

14:40

Is that a lead?

14:41

Hey, is that good enough to say we better be knocking

14:44

down the door of this, of what that means?

14:46

And I wanna ask you, so in those organizations,

14:48

what was as an example, just for one of those organizations

14:51

that they used to be a part of?

14:53

What would be an example of, okay, this is what we figured out.

14:55

We decided that this is the way to do it

14:58

and you thought that that was a pretty good way to do it.

15:00

Yeah, it ties back to the beginnings of this conversation.

15:04

Many, if not most of the organizations,

15:07

not including the one I work for today.

15:08

The one I work for today, we have this remarkable collaboration

15:12

between sales, marketing, and post sales.

15:15

And we have a ton of transparency

15:17

and we're all just in it to win it.

15:19

So the decisions are pretty easy and they're collaborative.

15:22

And we've got a great little RevOps team,

15:24

but historically, what did it, and again,

15:26

this is the root of the conversation that we're having,

15:29

was giving the reporting to an independent,

15:32

objective RevOps team.

15:34

And I've also been fortunate to work for companies

15:38

where RevOps did not report to sales

15:40

and it did not report to marketing,

15:42

which I think is interesting.

15:44

So it's reported directly to the CEO or it's reported to the CFO.

15:48

And some people might recoil when I say that's a good thing

15:51

and say, well, hold on a second, I want to control that.

15:53

But it's better to have it as an independent function.

15:55

So where that has been a problem for me,

15:57

like we couldn't agree on opportunities, couldn't agree on leads,

15:59

couldn't agree on what measures we were going to look at

16:01

every moment of the day to drive the business forward.

16:05

Let's give it to the RevOps team.

16:06

They have all the data.

16:07

They can make a recommendation about what units

16:10

actually convert into meaningful business value.

16:12

And that's what we did.

16:13

Just gave it to an objective party

16:15

and they helped us figure it out.

16:16

- And I'm curious in your role as a CRO

16:19

and not speaking from this company particularly,

16:21

but as the Royal CRO, CRO in the sky that looks at all of us,

16:25

breaking those three functions into having a functional leader

16:28

for sales for marketing.

16:30

And sometimes marketing rolls up to CROs

16:31

sometimes they don't get that,

16:32

but having sales lead, marketing lead and post sales lead

16:35

and being responsible for all of revenue,

16:39

therefore puts those things a little different.

16:41

I think apparently the problem was if the CRO

16:44

is actually the head of sales

16:46

and they're the one who owns the RevOps team

16:49

and they're gonna serve that purpose

16:50

then you have marketing and customer success

16:52

or whatever it is, a little frozen out there.

16:54

And I think that there's some issues there.

16:56

If this person is responsible for my career,

16:58

then like at the end of the day,

17:00

they're the tie goes to them right every time.

17:03

- So just speaking from my own experience,

17:06

I've personally never owned all three.

17:08

Although I've met CROs and I read about CROs

17:11

who have owned all three sales marketing and post sales.

17:14

So I've had sales and I've had post sales,

17:18

but in recent history,

17:19

I'd have to go way back to my career very early,

17:22

before the era of RevOps where I had marketing too.

17:25

There's still a case to be made.

17:27

There's still a case to be made to have RevOps

17:29

being an independent function that rolls up to the CEO

17:32

or even to the CFO.

17:34

I'll give you an example of that.

17:36

I think one of the highest orders of revenue operations

17:40

and it's really hard to get there

17:42

is when the RevOps leader or the designated party

17:46

inside of RevOps,

17:47

and I've had this at a few companies that I've worked for,

17:49

when they carry the forecast for the business,

17:53

that's not just running a report in Salesforce

17:56

because generally there are other factors

17:58

that go into what comes out of your CRM

18:01

that allow you to form a forecast.

18:04

There's some judgment, for example,

18:05

that has to be imposed on it.

18:07

Or there might be a tool that you're using like Clary

18:10

or Insight Square that will help you put together

18:12

an accurate forecast on the first day of the quarter,

18:15

but you're gonna hit 90 days later when the quarter ends.

18:17

And certainly it's easier to forecast the quarter ages.

18:20

But I think having an independent party provide a forecast

18:23

does some remarkable things for a go-to-market organization.

18:27

Like for instance, it gets me out of the business

18:31

of having to forecast.

18:32

>> I was just gonna say that sounds great.

18:35

>> But we, so we can just rely on the data

18:39

that comes out of the systems we put in place

18:41

to produce an actual, inaccurate forecast.

18:44

And then it's incumbent upon me, right?

18:46

These are the things that I would wanna be doing.

18:48

This is where I could add the most value as a CRO.

18:51

It's incumbent upon me to make sure

18:54

that our sales reps are working within

18:57

a really clear sales process,

18:59

the really defined stages, entry and exit criteria.

19:03

>> Yeah.

19:04

>> It's incumbent upon me to make sure

19:05

that the sales managers are just proficient

19:09

in our sales process and they're coaching to those stages

19:12

and they're helping reps get over obstacles

19:15

so they can predictably push opportunity

19:18

or move rather opportunity through the process.

19:20

That is, that's time we'll spend as far as I'm concerned.

19:24

And then doing the other things

19:25

like personally or through my management team

19:27

listening to sales calls, looking at data

19:31

and providing the coaching to make sure

19:33

that the buyer seller conversation is happening.

19:35

Now, I promise you, you do all that well

19:38

and you instrument your systems to produce a forecast,

19:41

somebody else who is totally objective

19:43

and emotionally detached from the outcome,

19:45

which is a CRO is like virtually impossible.

19:47

Can do that.

19:49

It also requires that person.

19:50

I learned this all the way back at Blackduck.

19:53

We had the wonderful head of RevOps.

19:55

His name was Ed Loftus.

19:57

He was incredible.

19:57

He was a former finance guy.

19:59

He also knew how to relate to salespeople.

20:01

So he would sit in the deal reviews.

20:04

He would talk to sales reps.

20:07

He would get to know what they were working on.

20:10

So he was ultra high context.

20:12

So he could pull a report.

20:15

And that's a great RevOps leaders

20:16

who could do the same thing

20:17

because they work at generating context.

20:20

They could pull a forecast out of the system,

20:22

run the analytics and they can look at it

20:24

and they can say, well, hey,

20:25

I'm gonna put some judgment on this

20:27

because I know where we are and the opportunity.

20:31

And then when it comes time to present the forecast

20:33

to the executive team or present the forecast

20:36

to the board early on in a quarter,

20:38

I and the head of RevOps do that together.

20:40

He provides the numbers.

20:41

I provide the context.

20:42

Everybody's good.

20:43

That is the highest order, I think,

20:46

of operations for RevOps leader.

20:48

- Yeah, I think it's really interesting too

20:49

that someone with a little bit of a finance background.

20:52

And I think that to add to that,

20:53

someone who's just a deep, either lover

20:56

or understanding of technology

20:58

and how technology levers the business,

21:00

technology is a massive lever for sales and marketing.

21:03

At this point in time, every single marketing sales leader

21:06

and customer success leader, they have to be technologists.

21:09

Like you have to because you're using technology

21:12

all day every day.

21:13

And so if you are a little weak

21:15

and you're in one of those functions,

21:16

having a RevOps person who is really good at technology

21:19

and maybe your CTO is or your CIO is as well,

21:22

which is great, but they also have other fish to fry as well.

21:25

- Yeah, completely.

21:26

And just to, I think that's very well said,

21:29

I think to add to the conversation, if I can,

21:31

there's a lot of talk in recent years about deal desk.

21:34

I'm sure you've heard that here,

21:36

having a central point,

21:37

typically within RevOps,

21:39

where pricing is owned, the quoting process is owned,

21:44

approvals are owned, determinations around booking

21:48

and revenue recognition are made.

21:50

And even in some of the more sophisticated deal desks

21:53

that you know, I've helped build or had been a part of,

21:56

they can negotiate legal terms.

21:58

So having that provided to a sales or organizations

22:01

as a service through RevOps,

22:03

I'd say that's pretty close also,

22:05

one of the highest order states of a RevOps team,

22:09

but it does require the members of the RevOps team

22:11

who are going to lead that function too.

22:13

And I'll just, I'll probably overuse a word

22:16

I just used like three minutes ago

22:18

to be super high context.

22:20

'Cause you can't really make decisions

22:22

or partner with a sales rep

22:24

from the perspective of RevOps or deal desk.

22:27

If you don't understand the business,

22:29

you don't understand the territory, the rep,

22:31

where you are in the quarter,

22:33

what you're trying to accomplish, what levers you can pull.

22:36

And so some of the best RevOps leaders

22:39

that I've worked with have gotten out from behind the desk

22:43

and they've put themselves in a position

22:45

where they can learn about what it means

22:47

to be a quarter carrying sales rep.

22:50

And they're better for it.

22:51

- And it's so difficult to understand

22:53

the internal intricacies and the external market forces.

22:57

That is really hard to do.

22:58

That's why marketing is really hard

23:00

is because marketers need to understand the market.

23:04

Sales need to understand those individual accounts

23:07

to the teeth, right?

23:08

Like you need to know everything about how they buy,

23:11

why they buy, the levers that they buy

23:13

with all that sort of stuff.

23:15

But then you also need to look at your organization

23:18

and figure out how to optimize, like you said,

23:20

all those other things that are, those are organizational.

23:22

That's not the market is telling you,

23:24

market doesn't care how you organize your sales team.

23:26

And I think a lot of the RevOps people

23:28

that we talk to, we talk about the three heads

23:30

of the Hydro of the Sales Marketing Customer Success

23:32

that they have to give their time to all three of those

23:35

and triage that stuff.

23:36

That's the hard part for them is to say,

23:38

okay, well, this running or a port on whatever,

23:41

your TAM plus accounts that are of a certain size

23:44

that we wanna, that have a higher propensity to buy.

23:46

And we have this theory that these type of accounts,

23:48

that accounts that raise Series C

23:50

are the fastest buyers in our entire thing.

23:52

We wanna test a marketing theory on this,

23:54

et cetera, et cetera, et cetera,

23:55

is a very different mental function

23:58

than saying, hey, carve this territory up.

23:59

That's totally different.

24:01

- That's right.

24:02

Yeah, yeah.

24:04

And I think great RevOps teams participate

24:07

in those decisions for non-territory and quota.

24:10

Of course, have a compensation plans

24:12

are going to work.

24:13

And you're right, that's,

24:14

I'll take that one with me, the market doesn't care.

24:17

But how you organize your sales team,

24:19

I like that I'm gonna steal that.

24:20

- Yeah.

24:21

All right, let's get to our next segment, the tool shed.

24:23

We're talking tool spreadsheets, metrics,

24:25

just like everyone's favorite tool, qualified.

24:28

No B2B tool shed is complete without qualified.

24:30

Go to qualified.com right now and check them out.

24:33

Qualified, they're our best friends in the whole world.

24:35

And we love them dearly.

24:36

Go to qualified.com.

24:37

You can talk to a sales rep right now, right?

24:40

You could pause the podcast or keep listening

24:42

and you could talk to a sales person right now

24:44

on qualified and fix your pipeline.

24:46

Go to qualified.com.

24:47

All right, tool shed.

24:49

You actually touched on a number of the tools

24:50

in your tool shed, like Salesforce

24:52

and that spot and you mentioned Gongabunch.

24:54

Beyond that, what are the metrics that matter to you

24:57

and how do your tools and some additional things that,

25:00

tools that you spend your time in, how do they help you?

25:02

- Yeah, sure.

25:03

I'll start with the metrics.

25:05

We hear and I roll over the course of my career,

25:08

pretty, pretty passionate about routinely looking

25:11

at just a handful of metrics.

25:13

So number one is how much pipeline are we creating

25:18

on a daily and weekly basis?

25:21

And to be fair, a lot of people probably do that

25:25

and they're like, Adam, like that's not really

25:27

particularly insightful.

25:29

I would say not everybody puts that into the form

25:31

of a trend.

25:32

Are we getting better or are we getting worse?

25:34

And then takes the time to look at the breakdown

25:37

of the contribution to pipeline growth.

25:39

By vertical, by territory, by sales rep.

25:43

These things tend to be looked at in an aggregate.

25:46

And so that's a wonderful place to partner

25:49

with marketing colleagues, for example.

25:52

Just day over day, week over week.

25:54

Are we creating more pipeline?

25:55

Are we creating less pipeline?

25:57

And for whom are we creating it?

25:59

And what are the sources by which we're creating it?

26:02

Inbound, are we up or down that week?

26:05

For down, why?

26:06

Outbound, are we up or down that week?

26:09

For down, why?

26:10

Sales reps, because I typically work for organizations

26:12

where sales reps are expected.

26:14

I expect them to prospect as a source

26:16

of pipeline generation of the up or down.

26:19

And there's all sorts of precursors

26:20

to pipeline generation that we look at in our regular reports,

26:24

like the number of discovery calls,

26:25

the number of leads, and so forth.

26:27

But that's a big one.

26:28

It all starts with pipeline.

26:29

And the second is, what's our conversion

26:32

of that pipeline at stage?

26:35

So if we create a qualified lead,

26:38

and we've done that through the discovery call,

26:40

and maybe a demo, then how frequently

26:44

do we convert that to the next stage and the stage

26:47

after that and the stage after that?

26:49

And I don't think I'm unlike any other CRO for sales leader,

26:55

like the things that you're looking for

26:56

when you're converting opportunities,

26:57

at least if you're selling a B2B sale,

27:00

where you have sales reps who are out talking to customers,

27:03

a PLG aside, velocity aside, SMB sales aside.

27:07

Are we creating sponsors who want to champion

27:11

a solution to the problem?

27:13

Are we aligning with, we call it power,

27:15

but economic buyers, decision makers,

27:18

which is hard, very few sales organizations are good

27:21

at doing that.

27:22

If we're being asked to do a proof of concept, for example,

27:25

are we properly aligned around the solution,

27:27

around the investment, around the decision process,

27:30

and the multiple personas in the account?

27:32

And so I bring that up, not to lengthen the answer,

27:36

but because if those are delineated in the sales process,

27:39

and I'm pretty passionate about that,

27:41

just consistently looking at how well the company,

27:45

verticals, territories, individual sellers,

27:49

are converting those opportunities.

27:51

And not necessarily week over week or month over month,

27:54

but quarter over quarter, you want to be improving.

27:57

You want the skill required to go from discovery call

28:01

to qualified opportunity to go from a conversation

28:05

with a sponsor to a conversation with an economic buyer.

28:07

You want those skills to be developing,

28:09

and you want the conversion rates to be improving.

28:11

So I would say, in addition to pipeline generation,

28:16

it's conversion of opportunity at stage.

28:18

That would be the second one.

28:19

And the third one, it's not unique, is our forecast, of course,

28:23

and the opportunities that are going to get us

28:25

to where we need to be over the course of the quarter,

28:28

for a year.

28:29

- Any other thoughts on tools or metrics,

28:31

or blind spots or anything like that,

28:32

do you want to share with the audience?

28:34

- We're making terrific use of conversational intelligence

28:38

tools here and elsewhere over the last four or five years.

28:42

I think they're very powerful.

28:43

I think they're somewhat underutilized.

28:45

Gong, for example, or chorus.

28:47

Not just for pulling out call analytics.

28:49

I think those are useful, but actually listening

28:52

and coaching to tape, and then increasingly tying

28:56

what is said or what is not said in a call to a forecast.

29:00

Not as the mechanism for forecasting,

29:02

but these platforms are doing remarkable things now

29:05

with conversational analytics to tell you whether or not,

29:09

for example, the opportunity that you forecasted for close

29:13

by the end of the quarter, which is just in a few short weeks,

29:16

has supported a conversation around price

29:18

or decision-making process.

29:19

Like, guess what?

29:20

I could know that.

29:21

I could pull an opportunity right now

29:23

that we're forecasting for the quarter, and we've been gone.

29:26

I can quickly determine whether or not

29:29

price has been agreed to.

29:30

The decision-making process is well understood

29:33

if we've sent a contract to them.

29:37

So I find those tools to be remarkably powerful.

29:40

On the extreme front end, we've started to use tools

29:44

like Zoom and info.

29:45

We're in a pilot right now with another tool

29:47

that's helping us with intent data.

29:49

So starting to shift our SDR, prospecting efforts

29:53

away from cold lists and toward high intent sources.

29:57

So we get inbound leads.

30:00

We've started to use tools to route those to closers directly,

30:04

which I think most companies are doing.

30:06

And that leaves our SDRs opportunities to prospect outbound.

30:10

Using signal from the marketplace around intent

30:13

that some of these tools are able to gather

30:15

and then focusing on prospecting efforts there,

30:18

where there's a signal that they might be interested

30:20

in solving a problem that we can.

30:22

I think over the last couple of companies,

30:24

those tools have been hugely impactful for me.

30:27

Adam, it's been awesome having you on the show.

30:29

We're going to be following along and checking out tomorrow.io.

30:32

So many cool things going on there.

30:34

I know you can't share everything.

30:35

It's crazy times in this world.

30:37

I'm super excited to follow along.

30:39

Any final thoughts or any pieces of advice for RevOps,

30:42

the leaders that are out there listening?

30:43

Just one thought and at the risk of sounding

30:45

a little bit redundant and thank you for asking, by the way.

30:49

I think that go to market leaders, CROCMOs

30:51

are best served to bring RevOps as close into the fold

30:57

of how the software is marketed and how the software is sold.

31:01

Because with that context, RevOps teams can become great

31:04

in the quality of the decision making, only improves.

31:07

They've got all the data and if they're armed properly

31:09

with the context around how the business actually works

31:12

and how it operates, you're creating very powerful partners

31:16

in the business to do all those things that we talked about,

31:18

which is generally driving more business

31:20

and improving the quality of decision making.

31:21

So I will leave on that one point around context.

31:25

Awesome.

31:26

Thanks again, man.

31:27

I'm gonna talk soon.

31:28

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31:35

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