GTM 94: Mastering Branding, Pricing, and Customer Success for AI Startups with Holly Chen
May 14, 2024
auto_awesome
Holly Chen, Managing Partner of ExponentialX and former Global Head of Digital Marketing at Slack, shares insights on AI startup challenges like differentiation and pricing. They discuss the importance of strong branding, concrete AI use cases, and transitioning to product-led growth. Also, the rising role of influencer marketing in B2B is highlighted.
Establishing direct value connection crucial for pricing AI tools.
Shift towards influencer marketing in B2B for brand awareness and deal acceleration.
Deep dives
Challenges for AI Startups
AI startups face challenges due to the crowded space, fierce competition, and lower product retention rates. Pricing models often clash with the value AI tools provide, requiring founders to establish a direct connection between usage and the actual value offered.
Customer Success in AI Startups
In customer success for AI startups, a mix of scaled support for broader user education and bespoke support for premium clients is crucial. The CS team acts as an education arm, guiding users through product utilization, especially for the non-tech audience.
Influence Strategy in B2B
Implementing influencer strategies, traditionally used in B2C, can benefit B2B companies by offering incentives like access to exclusive resources or communities. Finding B2B influencers on emerging channels like TikTok can boost brand awareness and drive demand, contributing to accelerating deal velocity or expanding top-of-funnel impact.
Advisors in Revenue Strategy
Companies are shifting how they engage with advisors, moving beyond high-level strategy discussions to include tactical involvement. Revenue leaders are encouraged to seek advisors who provide hands-on expertise and in-depth feedback to navigate challenges, adding value beyond traditional advisory roles.
Holly Chen is the Managing Partner of ExponentialX, a Marketing and Growth Advisory Collective for high-growth SaaS startups, advising companies like Miro, Loom, ServiceNow, Appsflyer in their growth journeys. She also guest lectures at Berkeley and NYU, teaches at Section and Maven, mentors at First Round Capital, and is an active angel investor. Previously, Holly was the Global Head of Digital Marketing at Slack, helping it grow $100M to $700M ARR and going public. She was the Head of Growth at Google Store and Global Head of Google B2B Websites. Holly also worked at Gucci, Deloitte Consulting. Kearny and the UN. In her spare time, Holly runs Ceiling Breakers, a group coaching program for underrepresented leaders. Holly lives in San Francisco and speaks Italian and Chinese fluently.
Discussed in this Episode:
Strategies for AI startups to differentiate, drive retention, and optimize pricing
The importance of strong branding and concrete use cases for AI market penetration
Evolving customer success models to maximize value in AI deployments
Transitioning from sales-led to product-led growth and key considerations
The rising role of influencer marketing in B2B and how to leverage it effectively
Highlights: 11:55 - Top 3 challenges facing AI startups today 14:33 - Differentiating in a crowded AI market 18:43 - Painting a concrete picture of AI use cases 21:42 - The importance of getting hyper-specific with AI applications 24:58 - Best practices for targeting personas and use cases 27:58 - Tackling the challenge of retention in AI startups 31:40 - Transitioning from B2C to B2B for better margins and retention 33:44 - The evolving role of customer success in AI companies 36:30 - Pricing strategies for AI: usage-based vs. seat-based 38:11 - Making pricing tangible by tying tokens to outcomes 43:54 - One thing revenue leaders believe to be true that Holly thinks is bull$***. 46:33 - One thing that is working for Holly in go-to-market right now.
Brought to you by Demandbase.Demandbase helps B2B companies hit their revenue goals using fewer resources by using the power of AI to identify and engage the accounts and buying groups most likely to purchase. Their account-based technology unites sales and marketing teams around insights that you can understand and facilitates quick actions across systems and channels to deliver big wins. It’s flexible, scalable ABM built for you.
The GTM Podcast The GTM Podcast is a weekly podcast hosted by Scott Barker, GTMfund Partner, featuring interviews with the top 1% GTM executives, VCs, and founders. Conversations reveal the unshared details behind how they have grown companies, and the go-to-market strategies responsible for shaping that growth.
Visit gtmnow.com for more episodes and other interesting content.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode