Tim Richards & Ian Faison 37 min

More Bullseyes, Fewer Arrows with Tim Richards, Head of Global Sales at Nextdoor


On this episode, Tim discusses his go-to-market fundaments, the importance of harnessing a learning mindset, and how to hit more bullseyes with fewer arrows.



0:00

Welcome to Rise of RevOps.

0:07

I'm Ian Faison, CEO of Caspian Studios, and today I am joined by a special

0:11

guest, Tim,

0:12

are you?

0:13

Ian, great to be with you today.

0:16

Yeah, excited to chat with you today about all things next door.

0:21

One of the truly great apps of our generation.

0:24

Love it.

0:25

Couldn't imagine being a little homeowner out here in the DP Spay without good

0:29

next

0:29

door.

0:30

So excited to dig in all that, of course, your background.

0:33

So how the heck did you get into revenue?

0:36

It's a long story.

0:38

It's thinking about you and I did some reflection and it's funny.

0:40

I was actually part of the world's worst corporate merger at Time Warner and

0:46

AOL.

0:46

And I was on the Time Warner side at the time.

0:49

And ultimately when AOL was spun out, I joined AOL to help resurrect that brand

0:55

, which was

0:56

you know, with quite distressed and spent about 10 years there building it up,

1:00

working

1:01

closely with Tim Armstrong and a number of people to ultimately sell it to

1:05

Verizon.

1:06

And it was a fabulous experience because we had basically touched every kind of

1:10

facet

1:10

of digital media, crazy amount of own and operated, it's like Huff-Poe Tech

1:15

Crunch, world's

1:16

greatest ad network and ad.com, which was the OG programmatic pioneer.

1:21

We acquired millennial media and had a great mobile business, data companies

1:25

and so forth.

1:26

So it was a really fantastic place for me to grow my career and not only just

1:31

learn and

1:32

grow in all these different areas, but work with like tremendous people.

1:35

We sold the business to Verizon and then I left corporate America and then had

1:39

been doing

1:40

venture back startups for the last five years or so, mainly in the distributed

1:44

economy space

1:45

and very happy doing that.

1:47

All local companies got the call from next door to come over and I was always

1:52

been so

1:52

intrigued by the company kind of for the reasons you noted and couldn't pass it

1:56

up.

1:57

So I joined about four or five months ago now and off to the races and you know

2:01

, building

2:02

a great company that's having a big impact on the world.

2:05

So very happy to be here.

2:07

Yeah, it is quite the journey for you in touching so many different areas of

2:12

revenue,

2:13

running sales for all sorts of different size companies and scope and volume

2:17

and all that.

2:18

I'm curious like how the heck do you think about rev-ops?

2:21

I got the religion on it at AOL.

2:23

It was the context of one, just as a revenue leader, just being buttoned up on

2:29

the context

2:30

that we were providing our salespeople and leaders in terms of driving the

2:33

business.

2:34

But the other part that I think it's missing a lot of the time is when you're

2:38

acquiring

2:39

a lot of companies and knitting that together.

2:42

So what happens is there's a set of people, very smart people that knit these

2:46

deals together,

2:48

but it's the rev-ops team and the operators that have to make it work.

2:53

And that's where all the heavy lift is.

2:54

And that's where I really grew a huge admiration for the function and the

2:59

people who do it.

3:00

And so I worked with some like really legendary people in the space.

3:04

It's a set of skills and rev-ops that it's really hard to replicate.

3:08

But when you're working both in terms of driving the business but also knitting

3:12

acquired companies

3:13

together, it's imperative to have a very muscular rev-ops group.

3:18

So I appreciated the chance to talk to you about it because it's meant so much

3:22

to me.

3:23

And the success that I've had is having strong rev-ops partners for sure.

3:26

Yeah.

3:27

And I think one of the things that this show really wants to do is to establish

3:31

that point

3:32

of view of the revenue leader of how they view rev-ops and who better to talk

3:36

to than

3:37

you about it because you've seen it from so many different angles and so many

3:41

different

3:42

companies.

3:43

What's your definition of rev-ops?

3:45

As you probably tell, I'm a very simple person.

3:47

And the way I describe it is sometimes people have a hard time distinguishing

3:51

it between

3:52

what finance does or what rev-ops does.

3:55

And so I just try to paint the picture of a very fast car driving down the road

4:00

And rev-ops is the headlights that you need to anticipate the curves, drive the

4:05

business,

4:06

adjust as you go, finances the rear view mirror of what happened and so forth.

4:11

And they're both important, serve a really valuable purpose of the company.

4:15

But if you have a very strong rev-ops team, you're going to be arching those

4:20

turns.

4:21

You're going to be optimizing your speed down the hill.

4:24

And if you have a sub-optimal rev-ops situation, you're going to be knocking

4:28

over your neighbor's

4:29

garbage cans.

4:30

You know what I mean?

4:31

So I think of it as a very fast car and the headlights and the high beams

4:35

looking down

4:36

the road to guide where you're going.

4:38

And I've always looked at it that way, both in terms of operating the business,

4:42

but also

4:42

on a strategic level.

4:43

And you roll it next door.

4:45

Obviously, everybody knows who next door is.

4:47

If you don't, you should go download the app.

4:50

But what does revenue look like at next door and how do you think about it?

4:54

Yep.

4:55

Well, it's advertising based model for sure.

4:57

That's a great model.

4:58

It's a great business for us.

4:59

It dovetails very well because the advertising actually serves an important

5:04

function in the

5:05

neighborhood.

5:06

It's all about connecting consumers and we call neighbors to businesses, both

5:11

local

5:11

businesses and small businesses, but also large-scale businesses that want to

5:16

localize

5:17

their offering or tailor what they're putting together.

5:19

And so we have some very differentiated things that we do at next door that

5:24

throws off a

5:25

high-attent signal.

5:27

So mainly everybody on the platform is verified down to their address.

5:31

And so that's highly unusual.

5:33

We have a very high degree of home ownership and you're emblematic of someone

5:36

who may have

5:37

moved from the city out to Walnut Creek.

5:40

And all of a sudden you're like, where do I find a plumber?

5:43

I play in a soccer league.

5:44

How do I find someone to walk my dog?

5:46

Can I volunteer?

5:47

Or how can I help my neighbors?

5:49

Or someone who's elderly, you can't go get their medicine and so forth?

5:53

Next door exists to help facilitate that.

5:56

And we want to do it in a way that, through kind conversations and be kind of

6:01

the social

6:02

network that once oriented to the neighbors' neighborhoods, but also cultivates

6:07

kindness

6:07

and creates engagement through kindness rather than through distraction and div

6:11

isiveness.

6:12

And so we have about 700 employees and we have a high degree of diversity and

6:16

diversity

6:17

of thought here.

6:18

But the throughput, the thread that comes through all 700 employees that I've

6:22

seen is

6:23

that notion of like improving neighborhoods, bringing people together.

6:28

You can talk about the value of people's lives and their mental state when they

6:31

're more

6:32

connected with their neighbors.

6:33

And there's very important things, especially in the context of the last few

6:36

years, COVID

6:37

years and a lot of divisive things happening, certainly in the United States.

6:42

It serves an important function that way.

6:43

So what we're trying to do is create an online platform or application that

6:48

allows people

6:48

to connect offline as well.

6:50

And so it creates a very unique opportunity for brands to talk to consumers in

6:56

that context.

6:57

And so we have a lot of people that when they come to the platform, they either

7:01

need to

7:01

do something with their house, they want to join a community, a participant in

7:04

community,

7:05

and they habituate over half of our users come on a weekly basis.

7:08

And so the frequency and the intent that's part of that platform creates a

7:13

really interesting

7:15

combination of signal that our brands can tap into.

7:19

And so my job is work with our team to evangelize that, explain it to people,

7:24

provide thought

7:26

leadership or domain expertise in that space.

7:29

And so it's a really great, unique thing to be able to talk about on a daily

7:33

basis.

7:33

I love it.

7:34

Yeah, I'd say you pretty well have me pegged from Oakland, Walnut Creek.

7:38

The one thing you forgot to mention is trying to figure out how to get rid of

7:42

the raccoons

7:42

because my goodness gracious, that is like next door is popping for trying to

7:46

get rid

7:47

of these, get rid of these raccoons.

7:49

We got to relocate these things.

7:51

They're tearing up our yards.

7:53

Yes.

7:54

It's important subject.

7:55

But what's cool though is you get a read on what people are thinking about.

7:58

You know what I mean?

7:59

There's really no other place where if you're a homeowner and you have a rac

8:03

coon issue,

8:04

that is taking up some headspace, right?

8:06

So learning how to solve it, communicate with people.

8:09

Are you the only one?

8:11

It is interesting to play out.

8:13

And it's actually what's happening out in the real world.

8:17

And you might find a neighbor that helps you solve your problem.

8:20

We see instances of that happening on the platform constantly.

8:25

And it's very rewarding to see that is what's on your mind out in Walnut Creek

8:29

is solving

8:30

that raccoon issue.

8:31

So it's okay.

8:32

Don't I know it.

8:33

But no, I think it brings up a great point about the sense of community and

8:37

where does

8:38

technology fit into that?

8:39

And ultimately, like, where do advertisers fit into that?

8:42

And like, how does that evolve?

8:44

How does that experience evolve?

8:46

How does it stop being, you know, shoving 700 pieces of paper into my mailbox

8:51

every

8:51

day with all sorts of different offers, but also from an advertiser perspective

8:55

, like

8:56

you said, to get that access to a group of people that are looking for ways to

9:01

improve

9:02

is really advantageous.

9:04

How do you think about going to market and who are those next door customers

9:08

that you're

9:08

looking at?

9:09

Who are those advertisers?

9:10

So we do especially well, you know, it's just driving that high intense signal

9:16

and a

9:16

high degree of homeownership.

9:18

And then also there's a proxy for wealth in there too.

9:20

So there's a lot of spending power.

9:22

And so we do especially well in things like home services, for instance, that

9:26

might not

9:27

be like the most prominent ad category generally, but for us, it's ultra core

9:32

to what we do.

9:33

We do very well in financial services.

9:35

We do very well with CPG and retail.

9:38

And so for instance, if you're working like with a Home Depot is a good example

9:41

, we're

9:41

a large retailer that helps you take care of your home or improve your home and

9:45

so forth.

9:46

But every one of those Home Depot stores has something unique about it.

9:51

So like my main Home Depot is in Corda Madeira.

9:54

There's one guy who runs the paint department in the Home Depot in Corda Made

9:58

ira that's like

9:59

a legend in Marin.

10:01

And so it creates an opportunity for them to almost produce like local influ

10:05

encers in

10:06

their areas of like people you go to for answers and so forth.

10:10

And so it creates a chance.

10:12

So people aren't looking at Home Depot in the aggregate.

10:15

They're looking at like the Home Depot store in Corda Madeira or the one in Wal

10:18

nut Creek.

10:19

And so what we like to think about is like helping these national partners

10:24

tailor their

10:24

messaging to the local community.

10:27

And that creates a lot of very unique combinations that we can put together for

10:31

them.

10:32

And so that's a big part of what we focus on with with us.

10:35

So Home Services is a great place to start, but we're burgeoning in a lot of

10:39

different

10:40

categories across the board.

10:42

For the same reason, there's a lot of buying power.

10:45

There's a lot of interest in putting things in local context for a broad

10:48

spectrum of brands.

10:50

Yeah.

10:51

How as a rev ops problem and thinking about how to go after those accounts and

10:56

getting

10:57

to a predictable revenue point, which rev ops is a role in that.

11:01

It's a couple things.

11:02

It's sizing the market.

11:03

So I'll add a couple that we're spending a lot of time right now, healthcare

11:08

and pets.

11:08

If you're a homeowner, there's generally a high degree of interest in owning

11:12

pets.

11:13

And so sizing that market is really important.

11:16

Identifying like the top partners to kind of go develop is really important.

11:21

Same with healthcare and developing our story, but wrapping it around where the

11:24

opportunities

11:25

are.

11:26

And so that's what I mean, like in terms of the combining the strategic part of

11:29

what rev

11:30

ops does and setting kind of direction, kind of where we want to go run and

11:35

develop opportunities.

11:37

But also the rigor against that.

11:39

And so I'm kind of a maniacal about making sure the top 5,000 mathematics

11:44

accounts are

11:45

assigned to the person and we can track that.

11:48

And so I want to understand the pressure that we're putting on development, the

11:52

development

11:53

pressure of those accounts and so forth.

11:55

And so having an accurate read on that, think about it in the form of a

11:59

dashboard.

12:00

So just like you're driving your car, you need a speedometer that's accurate to

12:04

pump

12:04

the brakes or accelerate and so forth.

12:07

And that's how I want our rev ops flow to feel for every single person in our

12:12

distributed

12:13

sales force.

12:14

So we have about 52 frontline sellers.

12:18

And I want that information to get out to the edge to them so they can see

12:22

where they're

12:22

at.

12:23

So they have their own speedometer of the pressure that they're putting on the

12:26

accounts and the

12:27

categories that we want to develop.

12:30

I also want a really tight feedback loop on what's working and what's not, what

12:34

's resonating

12:35

and what's not.

12:36

I know you asked about tools in some of your other podcasts and I'm very

12:40

bullish on game

12:40

film now.

12:41

Like using tools like GOM.

12:43

IO is an example where we can get feedback not just from notes but by watching

12:48

the game

12:48

film ourselves and also counting the comments that go into it.

12:52

It's such a great time to be a sales leader and work in rev ops because the

12:57

tooling is

12:58

so fantastic and just building out your stack that kind of suits our needs.

13:02

It needs so exciting right now.

13:05

So we're definitely trying to take advantage of the contemporary set of tools

13:09

available

13:09

to us to drive both the strategic kind of aspect and where we're going but the

13:14

tactics

13:14

and the rigor that we need to get there.

13:17

So where does your rev ops team sit?

13:19

So they're part of the revenue organization.

13:22

So we have our rev ops sales, our measurements all tightly bundled together.

13:28

The only thing that kind of sits outside that is marketing for now.

13:32

That rolls up to our CEO Sarah at the moment.

13:35

Cool.

13:36

Okay, let's get to our first segment.

13:38

Rev obstacles where we talk about the tough parts of rev ops.

13:42

What is the hardest rev ops problem you faced in the past year or so?

13:46

In the last year it was just getting accounts straightened out where we had the

13:50

proper distribution

13:51

and that's a pretty big lift with a fast moving organization.

13:55

The company set up a mid-market team about a year ago which was the right

13:59

strategic move

14:00

for sure for our type of business.

14:03

But there was a lot of work to be done in terms of just shaping it and honing

14:06

it in.

14:06

So that's been the biggest thing to have a single source of truth that was

14:11

reliable in

14:11

terms of coverage not only on the account level but on agency level.

14:15

And so that sounds, if that sounds mundane it might but to me it's like so

14:19

fundamental

14:20

to kind of having the strongest go to market we can with the widest, deepest

14:24

net we can.

14:25

I will tell you though, nothing here can compare to the challenges we had when

14:31

we were doing

14:32

AOL where we had eight revenue lines, acquired companies, completely different

14:37

systems.

14:38

And so the degree of difficulty and scale of that was much harder.

14:43

So while I'm not minimizing the work to be done here, it's definitely pales in

14:48

comparison

14:49

to what we were up against straightening out AOL.

14:52

But having the right people in place, we got the right tools in place.

14:56

The people who are in a growth mindset that want to learn and change.

15:00

And I guess maybe just to add to that too is hitting a big emphasis on learning

15:04

culture

15:05

in terms of having people that in the mindset of learning, changing, growing

15:10

and want to

15:11

do that.

15:12

And so when we're doing training that they feel like a kid in a candy store

15:15

versus feeling

15:16

like we're dumping the dump truck on their desk, you know what I mean?

15:19

And so we recruit curiosity.

15:21

We want to develop that.

15:23

We just hired a very top notch head of sales enablement.

15:27

And so that's going to be a fundamental part of what we do too in terms of

15:30

getting training

15:30

on tools, we're migrating to a new platform and also just having a learning

15:35

culture in

15:35

general to make us fast and agile.

15:39

You mentioned marketing sits in a separate organization and rev-ups falls into

15:44

revenue.

15:45

I'm curious, how do you sort of get that more holistic view of what's going on?

15:50

How do you work with marketing?

15:52

And then anytime that you're so un-advertising, obviously it's a very different

15:55

type of a

15:56

sale than like a SaaS sale.

15:57

You have a different type of relationship with your customers.

16:01

And so I'm just curious, like, how do you think sort of rev-ups supports that

16:05

type of

16:05

customer journey from like acquisition to keeping them happy?

16:09

Yeah, it actually is tightly.

16:11

Wow.

16:12

And we use a pillar system here, which I like a lot.

16:15

And that's basically across functional meetings that we have every other week,

16:19

across a variety

16:20

of different subjects, where even if companies aren't sitting in the same orb,

16:24

they're sitting

16:25

in a regular transparent discussion that's very heavily documented, very

16:30

accountable,

16:32

and very transparent.

16:33

And so you solve it to answer your question.

16:35

You solve it through communication.

16:37

You solve it through transparency and accountability.

16:41

And so part of it, too, is you're just coming out, coming in 2023 and going

16:44

through that

16:45

kind of annual planning process, which was my first at Nextdoor.

16:49

We set the priority order of things as well.

16:51

And so we have a nice system, not only of the pillar system, but very clear OK

16:56

Rs that

16:57

all map to a unified, harmonized kind of set of goals.

17:01

And so it actually has not been difficult to keep things harmonized.

17:06

And that says something for the setup and the structure and also says something

17:09

about

17:10

the people.

17:11

And very talented, cooperative, thoughtful people that work here, that want to

17:16

win, and

17:17

want to do their best work.

17:18

They're not afraid of change.

17:20

Thus far, that's been really exciting to be a part of.

17:22

And we're building on a lot of those plans right now.

17:25

Any rev-oops moments or rev-obstacles from your past lives sounds like there

17:30

might have

17:31

been a few, but I don't know if there's any that you can share that stand out.

17:35

I haven't had any here yet.

17:36

I'm still inside my first six months of here, and again, it's been as I

17:41

expected a very

17:43

pleasant, very button-up experience.

17:46

And so I haven't had some big epiphany there.

17:50

I would say one of the things that I guess that we kind of did as part of the

17:54

process

17:54

is making sure that everybody at the executive level and across functional

17:59

level was familiar

18:00

with all the tools and the systems that were in place that the sales team was

18:04

using.

18:05

And so I suggested this to our leadership team in one of our early meetings,

18:09

and they

18:09

were very enthusiastically accepted to jump in and sit shoulder to shoulder

18:14

with our frontline

18:16

sellers, frontline ad-ops people.

18:18

And that proved to be really, really successful.

18:20

That was a very positive thing in terms of understanding where the issues were.

18:25

And so to help set expectations, to help with our strategic planning, and so

18:28

forth.

18:29

And so it's less of an oops moment and more of a discovery of all the imperfect

18:35

ions that

18:35

we had to yet solve.

18:37

And so that's how I thought about that question is creating awareness and

18:44

transparency so

18:46

people can solve it at every level of the company.

18:48

I think what happens sometimes is if you have just senior people talking to

18:52

senior people

18:53

and not pulling down to the detail level, mistakes can get made there.

18:57

And so we're being very careful here at Nextdoor that we have very strong

19:02

transparency and

19:03

detailed discussions telescoping from this uber tactical up to the strategic

19:08

level when

19:09

we're doing planning and stuff.

19:11

I guess the other thing too on an oops level would be just when there's misal

19:15

ignment.

19:16

And that's more what I have in my past life when, especially with an acquired

19:20

company,

19:21

where they were told one thing, usually in a BD session or whatever, kind of

19:25

part of the

19:26

M&A process.

19:28

And then on the execution level, we've been running a different set of plays

19:33

and having

19:33

to reconcile that is very stressful, takes a lot of time, usually nobody's

19:39

happy, slows

19:40

things down.

19:41

And so I would say the rev ops oops thing is making sure you're aligned with an

19:47

acquired

19:47

basis with your M&A team and what expectations were set and the plan moving

19:51

forward and making

19:53

sure that lines up with what reality is.

19:55

You know what I mean?

19:56

And so that's definitely a big one.

19:58

And the rev ops team is always the ones stuck in the middle of solving that.

20:03

So that's just something to get about for sure.

20:05

A lot on the show, you're talking to B2B companies, we think about this idea of

20:09

this customer

20:09

success or customer journey or that piece.

20:13

But again, like I mentioned with advertising, it's really different.

20:16

It's so ROI driven.

20:17

I mean, everything is ROI driven.

20:18

But like if you're buying a piece of HR software, you either need it or you don

20:22

't, right?

20:23

Like hard to really quantify whereas like your ad dollars, you really need to

20:28

dig into

20:28

that stuff.

20:29

I'm curious, like how does rev ops support like renewals?

20:33

Yeah, that's a good question.

20:35

We focus a lot on renewals retention as an important metric we measure

20:39

ourselves against.

20:40

And I guess it starts with awareness and also just identifying where the issues

20:45

are

20:46

that we have to solve.

20:47

And I think that that's a really important one.

20:48

There's also just like a broader issue too where because of the state of like

20:53

tracking

20:54

and moving away from cookies and all the things that advertisers are up against

20:58

in terms

20:59

of how they actually quantify outcomes, there's a attribution paralysis going

21:04

on in the market.

21:05

And helping companies solve that problem is really important because there's a

21:10

lot of

21:11

time and expense that companies have to devote now to find out what actually

21:15

happened.

21:16

And they can't use the old tactics they had before.

21:18

And so it's a combination of rev ops and measurement in that case that can help

21:22

kind

21:23

of solve like a genuine business problem that most of our major brands, brand

21:30

partners

21:30

have right now.

21:31

And so that's a work in progress.

21:33

There's not a silver bullet on that one Ian, but you could be creative in many

21:37

ways.

21:38

And it's not just building beautiful work, but you could be creative in how

21:41

people solve

21:42

that problem.

21:43

That's where the art form of rev ops comes in to kind of help us solve that

21:47

with partners.

21:48

I love that you said attribution paralysis because that is what it feels like,

21:53

right?

21:53

I mean, in the B2B world, you hear this dark funnel, dark social, all these

21:58

things that

21:59

you're trying to figure out how you can go acquire accounts and get people

22:03

interested.

22:04

It is attribution and it's and there is that fear of the unknown and like we

22:07

just don't

22:08

know how we're going to prove anything anymore.

22:11

I'm curious, like just how many people do you get?

22:14

Do you talk to companies that have like never even tried next door before?

22:21

Because it's like I've been pouring money into Google and Facebook forever in

22:25

the day

22:25

and like we're looking to check a new channel.

22:28

Yeah, it's a lot.

22:29

And again, that's what creates an exciting opportunity for us that our

22:32

penetration, while

22:33

we've been very successful and growing like crazy and doing and continue to

22:38

move up and

22:39

to the right, there's still so much work to be done in terms of market

22:42

penetration.

22:44

I spend in my role, as I've been at this a long time, I tend to talk to more

22:50

senior

22:50

people in the industry and I've close friends with many of them.

22:53

And so we, you know, over a glass of wine, you know, talking about kind of what

22:58

's expected

22:59

of them and they'll say, hey, Tim, budgets are flat or down.

23:03

When we talk about it, I say, yeah, I totally get that.

23:06

I live in that dream too, but like you have to innovate and you have to kind of

23:12

show

23:12

your brand or your CEO, you're doing new things.

23:14

They're like, absolutely.

23:16

And so the next is like, well, if you're kind of default, if the default

23:20

setting is

23:20

on meta and Google and God bless those companies, like they've done a great job

23:26

I'm not anti either of them, but if people are just kind of producing the same

23:29

plans

23:30

over and over and over again, somebody's getting fired, right?

23:33

You still have to demonstrate innovation even in a tight market like we're in.

23:38

And so the commentary or discourse is like, look, try out next door and talk to

23:43

have your

23:44

brand talk to those consumers in a novel way.

23:48

And by the way, this testing environment actually is likely going to work

23:52

because of the high

23:53

intent signal that we can demonstrate.

23:55

And so it's a nice combination of something where you can demonstrate

23:59

innovation, but

24:00

also have a high degree of certainty you're going to have a nice outcome,

24:04

especially when

24:04

they're focused on more omni-channel measurement.

24:07

And so we're doing developing partnerships or have partnerships with NuStar,

24:12

using live

24:13

ramp data and so forth.

24:14

And so these brands that are a little more evolved on getting out of like ultra

24:18

rudimentary

24:19

click through measurements and looking at more what's actually tracking things

24:23

more holistically,

24:24

our story gets very, very good.

24:26

So demonstrating a way to innovate, but also think about measurement

24:30

differently is like

24:31

really important.

24:32

And then finally, it's just education.

24:34

And I like that part of our job to our role of our team is to constantly be

24:39

educating

24:40

people not only about next door, but being subject matter experts on reaching

24:46

people in

24:47

a localized way and how that works and so forth.

24:50

And there's a lot of misconceptions about it and so forth.

24:53

So there is definitely a big kind of educational kind of part of what we do in

24:57

our daily kind

24:58

of go to market sales motion in the field.

25:01

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

25:03

The tool shed, we're talking tools, spreadsheets and metrics, just like

25:07

everyone's favorite

25:08

tool qualified, it'll be to be tool shed is complete without qualified.

25:11

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

25:16

They're the best.

25:17

They're the absolute best tool in the entire tool shed.

25:20

Go to qualified.com.

25:21

Tim, what's in your tool shed?

25:24

What do you like in these days?

25:25

You mentioned the listening tools like gong and things like that.

25:29

What else is in the tool shed?

25:30

I kind of core obviously sales force.

25:33

We religiously use that sales loft, looker to develop our dashboards.

25:39

I think a lot of what we're one of the things we're up against right now at the

25:42

kind of

25:43

like life cycle of next door is lots of good stuff dissipated around the

25:48

company and putting

25:50

it in one place is like a major kind of like focus right now.

25:53

And so I like dashboards a lot better than I like spreadsheets and RevOps teams

25:58

believes

25:59

in that as well.

26:00

And so that's a big focus of ours.

26:02

But I will say back to your question, I'm semi obsessed on gong right now.

26:06

I am a nut about game film.

26:09

I played sports growing up and coach always used to say the film don't lie.

26:15

And as much as someone can kind of give you a killer recap and they can tell

26:18

you what

26:19

happened.

26:20

The chance to watch what actually happened in a meeting is so fabulous and so

26:28

genuinely

26:29

helpful in terms of how we respond to people and you and I could watch game

26:35

film together

26:35

and you could pick up something completely differently than I saw.

26:39

And it's just so nice to have that.

26:41

We've had many instances where I've sent that to our product team.

26:44

So there's a really nice chance to provide feedback and notes.

26:48

So I could be sitting on a plane.

26:50

I'm big on craftsmanship.

26:51

I'm big on working on it together versus just relying on that meeting happening

26:58

And then it dissipates and you're going off notes and second party stuff.

27:01

And so I just think there's a really fascinating way to kind of learn, develop,

27:08

get better

27:09

and also socialize those conversations with our clients who are busy so we can

27:15

get more

27:16

mileage out of those conversations with more important people at our company to

27:20

help do

27:21

our best work and return.

27:23

So that's one I'm very bullish on because I want to build a rigorous

27:28

organization that

27:29

provides feedback and have a provide sounding boards and genuine help to our

27:33

team.

27:34

And so I just think there's a really interesting set of things that are so

27:40

constructive with

27:41

using Kong.

27:42

The one thing I'll say too that I understand and always want to work through is

27:47

like earning

27:47

trust with your team that we're not watching game film like judging that, like

27:53

picking

27:54

them apart.

27:55

And I think that's the initial feeling or sentiment that people have for some

27:58

of that

27:59

stuff.

28:00

And so my job as a leader is to make sure that we're building trust with the

28:05

team and

28:05

like how we're using that properly.

28:08

We're using those assets, we're using those tools in an appropriate way and not

28:13

to pick

28:13

you apart or be critical, but to learn and to grow and understand what our

28:19

clients want

28:20

so we can get more bull's eyes with fewer arrows on the solutions that we

28:23

provide back

28:24

to them.

28:25

I always kind of like rev ops is seeking the truth, right?

28:28

I mean, I know we as leaders like we always are, but rev ops is like trying to

28:31

put numbers

28:32

to the truth.

28:33

Like you said, when you're looking forward, when you're a forecaster, that's

28:38

impossible,

28:39

right?

28:40

We know it's impossible to be perfect.

28:42

And so when you have a tool like a gong where you're creating new metrics, both

28:47

from a leadership

28:47

standpoint, like you managing your managers or from all the way down to the

28:51

account level,

28:52

it's ridiculously valuable.

28:53

And we have a question that I'm going to ask you here in a second, what's a

28:56

blind spot

28:57

that you wish you could measure?

28:58

I think that this was a clear blind spot that every single head of sales wish

29:03

they could

29:04

be there with every rep all the time.

29:07

But in and of itself, that is super interesting.

29:09

But then you look at the rev ops use cases and like, what are they saying?

29:12

What are they not saying?

29:13

How many times are they bringing up our competitors?

29:15

How many times are they?

29:16

We talked about this in another episode.

29:17

How many times are they bringing up the word COVID?

29:19

How many times they bring up the word tech apocalypse and like all these things

29:22

like budget?

29:23

How many times there's so much richness to this information and like imagining

29:28

as a

29:28

leader, you're like, if the rev ops person comes to you and says, Hey, I built

29:32

a dashboard,

29:33

the prospect says the word budget seven times in a call.

29:36

They're much more likely to buy in eight months than in two.

29:41

That is transformational data.

29:43

Well, that's right.

29:44

And the other thing is it's there's always like bias that you happen.

29:47

Those humans have bias and kind of everything that we do.

29:50

And that's a great example of like, yeah, they said budget eight times.

29:54

We might want to pay attention to that.

29:56

Or what does that mean and correlate that?

29:59

And that's impossible.

30:01

I don't care how strong of a note taker you are, you know, you're focused on

30:04

doing a

30:04

good job and reading the room and those things.

30:06

You're not going to pick up how many times they said that word.

30:10

And so I do think it does lead to like really cool things.

30:13

I do think though, to make that work, there's got to be trust though that the

30:18

team has to

30:19

trust you.

30:20

That's how you're actually using it versus some other kind of judgy, critical

30:26

way.

30:27

And I think that's just work that you have to develop with your team to have

30:31

them feel

30:32

that way.

30:33

And frankly, you know, with your partners too, they'll be like that they're

30:35

open to do it

30:35

and they understand how we're using it and how we're not using it.

30:39

You know what I mean?

30:40

And so it's novel enough that we have to work at that part too.

30:45

And I don't, I never underestimate that either.

30:47

Like that's a good one.

30:49

Because that's absolutely true.

30:50

Yeah.

30:51

I mean, that's the value.

30:52

Like we've talked to a lot of rev-opsizers where they don't sit in any

30:55

department or

30:56

it's just like they're an independent entity and it's like they're just trying

31:00

to be like,

31:00

hey, not that it's marking versus sales or whatever, but they're just kind of

31:03

saying

31:03

like, hey, this is just what the data shows, right?

31:06

If someone downloads 70 books, they're a lot more likely to buy in the next two

31:11

months.

31:12

That's not a sales metric.

31:13

It's not a marketing metric.

31:14

It's like it's a rev-ops thing.

31:15

That's where the true data blends with the art of sales, the magic of marketing

31:22

Agreed.

31:23

Do you believe that they should be independent?

31:26

You talk to a lot of people in this space.

31:28

Do you think just having that complete independence is like the right setup?

31:32

And leaning that way now, I think definitely under finances.

31:35

And this is totally like just Ian's call from talking to a ton of rev-ops

31:39

people and being

31:40

really interested in this.

31:41

But I definitely don't think it should be under finance.

31:44

I feel strongly about that.

31:46

I feel that they have to be really aligned with both marketing and sales.

31:51

If your pathway to promotion is through revenue or through marketing, then you

31:58

probably lose

31:59

some amount of objectivity just naturally.

32:02

And then rarely customer journey is going to be tracked as well.

32:06

And like this is the classic sales thing is like those new logos.

32:10

And then to the chief customer officers, we keep turning accounts because we

32:15

keep closing

32:15

these logos on a premise that's like our product is seven months out from.

32:19

So this isn't you're not helping us by doing this sort of stuff.

32:23

My hypothesis is that for the companies where it lives independently, it

32:27

creates a little

32:28

bit more objectivity.

32:30

But you also have to be dug into like again, the art of sales, which like

32:34

someone convincing

32:35

another person to sign a document that commits you together.

32:39

And then that sort of like art of marketing, which is this crazy multi-touch,

32:45

new, not even

32:46

a funnel crazy world that marketing is now so much of the sales before they

32:50

even get to

32:51

you.

32:52

So it's all interconnected and it kind of feels like that rev-ops is we used to

32:56

say the zipper

32:56

between sales and marketing.

32:57

And now it's sort of like a foundational layer for all of the customer journey.

33:03

That's actually a really interesting point.

33:05

I hadn't fully thought that through.

33:07

That was a I'm glad I asked you that question.

33:09

I think especially as like the stacks build out to and there's just more ball

33:14

ast around

33:14

what it does.

33:15

It does becoming its own kind of discipline.

33:18

So for the reasons you describe, I think that's a pretty good idea.

33:21

I have to take that one for me.

33:23

Yeah, go for it.

33:24

I was talking to a VP of rev-ops the other day off of camera and they were

33:29

saying that

33:30

they were basically like, I don't know why this stage exists.

33:34

Why CRO thinks that it should be here?

33:36

And I'm like, it makes no sense that this stage exists.

33:39

Why don't you just change it?

33:41

That's so silly.

33:42

It's like, oh, well, you know, reasons.

33:45

And that's the sort of thing where it's like collectively like you have to have

33:49

that conversation.

33:50

We'd also talked about this idea of like when someone a Black Swan event

33:54

happens of like

33:55

putting a Black Swan thing in your pipeline of like, hey, everyone keeps saying

33:59

it's because

33:59

of SVB.

34:01

And like those sort of things like, who's call is that, right?

34:05

Is it the CRO?

34:06

It was called like probably, but like, should there sort of be an independent

34:10

late look

34:10

from a rev-ops person who can challenge the CRO and be like, I think you're

34:14

wrong on this.

34:15

And if they report to them, it's a little trickier.

34:16

Yeah, I think that's a good point.

34:18

And you can replicate that independence depending on like the seniority and the

34:23

juice that

34:24

person has in the company.

34:25

So back to Eric Filler here, he has that.

34:29

So I guess in next door's case, we do have that measure of independence just

34:34

because

34:35

of his stature in the company and so forth.

34:37

But you're raising like really good points about neutrality and just being

34:41

truth seekers.

34:42

It's a good way to think about it.

34:43

All right, let's get to our final segment.

34:44

Quick hits.

34:45

These are quick questions and quick answers.

34:46

Tim, are you ready?

34:48

I am.

34:49

You could be any animal.

34:51

No, sorry.

34:53

If you could make any animal any size, what animal would it be and what size?

34:57

I love this question.

34:58

And I definitely think I have two rescue doggies.

35:01

They're like carriers.

35:02

They're like 30 pounds.

35:03

I would love to see them like the size of water buffaloes.

35:06

Oh, that's a great answer.

35:09

Just to walk around with them and just like see how many cheeseburgers they can

35:14

eat and

35:14

just like how they would just run around and now they're bigger than the other

35:19

dogs.

35:19

And I would just love to see what happens.

35:21

And if I could saddle up and ride one of them, that would even be better.

35:25

I love it.

35:26

Great answer.

35:27

I'd like advice for a head of sales who is partnering with a brand new rev ops

35:33

leader.

35:34

Being clear, striking like very strong communication cadence, being super

35:39

transparent, clean, well

35:41

lit environment with regards to strategy, the issues, like just genuinely

35:47

treating that

35:49

person like a sister or a brother in the sense of bringing them along,

35:54

definitely not avoiding

35:56

like creating any kind of adversarial type of relationship and understanding

36:00

that person's

36:01

there to help the company win and so forth.

36:04

And I think just establishing that like clear line of communication that again,

36:08

trust is

36:08

an important one.

36:10

Candor is an important one right off the bat.

36:14

Definitely the foundation for everything else you do because you're going to be

36:17

solving

36:18

problems.

36:19

There's going to be sensitive situations.

36:20

You're going to have to navigate.

36:22

You're going to really have to be able to work problems with someone who you

36:26

trust and can

36:27

rely on and so forth.

36:28

So that's probably, I kind of go in that direction because I've had so many

36:32

instances

36:33

where that was such a prominent part of that working relationship between me

36:37

and the rev

36:37

ops team that that would probably start there.

36:40

Tim, it has been absolutely fantastic chatting with you today on this very

36:45

rainy Bay Area

36:46

weekday.

36:47

For our listeners, go check out nextdoor.com.

36:50

You could go download the app if you haven't already.

36:52

Tim, any final thoughts, anything to blow in it?

36:53

If you're an advertiser, of course, a go advertise on next door.

36:57

Tim, any final thoughts, anything to plug?

36:59

That's our main thing.

37:00

Just keep follow us.

37:01

We have great ambitions for this company.

37:04

We've got a lot of talented people working on some very interesting things.

37:07

And so we can't wait to kind of show those to the world as we move forward.

37:12

So my email is [email protected].

37:15

If anybody has any questions, definitely shoot me a note.

37:18

Any friend of Ian's is a friend of mine.

37:21

And we'll look forward to seeing you out there.

37:23

Awesome.

37:24

Thanks, Tim.

37:25

Take care.

37:26

Thanks, Ian.

37:27

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37:30

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