The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20 Sales: When To Hire Your Head of Sales/ First Reps, What To Look for in 10x Sales Candidates, How To Structure The Hiring Process, How To Onboard New Reps Efficiently, How To Set First Quotas and more with Kyle Parrish, Figma's VP Sales

21 snips
Dec 8, 2021
Kyle Parrish, VP of Sales at Figma and former Head of Sales at Dropbox, shares his journey from a standout sales rep to leading sales teams. He discusses the critical timing and strategy behind hiring a Head of Sales versus sales reps. Kyle reveals the unique traits to look for in top sales candidates and highlights effective onboarding practices. He also stresses the importance of collaboration between founders and sales leaders, aiming for continuous improvement and solid customer engagement in thriving sales environments.
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ANECDOTE

Career Shift

  • Kyle Parrish's finance career plans were disrupted by the 2008 financial crisis.
  • He transitioned to sales at ADP, excelling despite a mismatched corporate culture.
ADVICE

Founder's Sales Role

  • CEOs should be involved in early sales to understand customer pain points and narratives.
  • However, building a fully codified sales playbook is best left to sales professionals.
ADVICE

Head of Sales vs. Reps

  • Hire a Head of Sales early if you have product-market fit and can support a small sales team.
  • This allows founders to focus on strategic aspects while leveraging sales expertise.
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