Part I: Founder-Led Enterprise Sales, Zero to $5M in ARR - Tracy writes
In 2014, I drove through Sand Hill Road pitching a profitable construction software startup with five million dollars in ARR and zero sales people. We received three generous term sheets within forty-eight hours and closed a Series A a half-day later. This post summarizes how we led sales as founders in the early stages of PlanGrid and shares tips that can be applied in this tough economic climate. It is important to note that we built an easy-to-use product that solved a significant pain point. If you've already established and validated product-market fit, these tips will help you get closer to your customers and sell more effectively to them. But if you're not there yet, keep in mind that the advice I'm offering won't help you – without some semblance of product-market fit, not even the best sales leader in the world will be able to grow your company [1]. Here are five things we got right in sales: #1: Understand how money flows. We understood how money flowed through the companies
In 2014, I drove through Sand Hill Road pitching a profitable construction software startup with five million dollars in ARR and zero sales people. We received three generous term sheets within forty-eight hours and closed a Series A a half-day later. This post summarizes how we led sales as founders in the early stages of PlanGrid and shares tips that can be applied in this tough economic climate. It is important to note that we built an easy-to-use product that solved a significant pain point. If you've already established and validated product-market fit, these tips will help you get closer
related reading
- How To Sell — Nabeel S. Qureshinabeelqu.co
- Introduction - Founding Salesfoundingsales.com
- The Greatest Sales Mistakes Founders Makepaulgassee.substack.com
- lecture5-market-wireframing-design.pdfspark-public.s3.amazonaws.com
- How To Validate Product Ideas Before (And After) Building Themtraining.kalzumeus.com
- Founding Sales-The Founder Led Sales & Startup Sales Handbookfoundingsales.com
- Sales Advice for Founders - Tracy writestracy.posthaven.com
- So you want to sell to the enterprise?benn.substack.com
- Three go-to-market tactics every founder needs to thrive in today’s market | TechCrunchtechcrunch.com
- A guide for finding product-market fit in B2Blennysnewsletter.com
- Chapter 2: Product Marketing - Startup Sales Narratives - Founding Salesfoundingsales.com
- Enterprises vs SMBssacks.substack.com