SaaStr 341: Leading Indicators Individuals Can/Can Not Scale with the Company, What Radical Transparency Truly Means and How To Implement It & Enterprise Adoption Of Cloud During COVID Times with David Politis, Founder & CEO @ BetterCloud
Jun 9, 2020
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David Politis, CEO of BetterCloud, discusses cloud adoption in enterprises, indicators of individual scaling struggles, and radical transparency. Topics include decision-making on role changes, challenges of scaling transparency, and growth strategies in a SaaS landscape. They also touch on fundraising challenges during the pandemic, work-life integration, and investment decisions in the SaaS industry.
The slower enterprise adoption of SaaS is influenced by factors like inertia and security concerns, but recent events like COVID-19 have accelerated the transition to cloud-based solutions.
Radical transparency in organizations involves sharing wins, challenges, and updates through tools like Slack channels, Google Forms for questions, and weekly all-hands meetings for open discussions.
Deep dives
Challenges of Enterprise Cloud Adoption
David Politis discusses the slower-than-expected adoption of SaaS by enterprises, attributing this delay to factors like inertia, security concerns, and fear of change. He highlights how recent events like the COVID-19 pandemic have accelerated SaaS adoption, leading to a quicker transition to cloud-based solutions among companies.
Scaling Challenges and People Management
Politis emphasizes the importance of patience in his leadership role, particularly in delegating tasks and managing a growing organization. He acknowledges the need for different skill sets at various stages of growth, highlighting that while some individuals can transition across stages, it is rare.
Radical Transparency and Internal Communication
Politis delves into the concept of radical transparency within BetterCloud, emphasizing the sharing of information, wins, challenges, and key updates across the organization. He details the tools and practices used, such as Slack channels for real-time updates, Google Forms for anonymous questions, and weekly all-hands meetings for open discussions.
Fundraising Dynamics and Investor Relationships
Addressing the impact of fundraising during the pandemic, Politis points out the necessity of finding investors with a long-term perspective and the challenges of remote interactions in the fundraising process. He highlights the importance of operational planning amidst uncertainties and changing business landscapes, underscoring the value of selecting investors aligned with the organization's vision and goals.
David Politis is the Founder & CEO @ BetterCloud, the company that helps IT discover, manage and secure the digital workplace. To date, David has raised over $186M in funding with BetterCloud from the likes of Accel, Warburg Pincus, Greycroft, Flybridge and Dropbox to name a few. Before founding BetterCloud, David was an early employee of Cloud Sherpas (acquired by Accenture), where he led the company to become the leading cloud services partner to SMB worldwide. Prior to Cloud Sherpas, David was a founding employee and General Manager of Vocalocity (acquired by Vonage), which he grew into one of the top providers of cloud PBX technology.
In Today’s Episode We Discuss:
How David made his way into the world of SaaS and came to found BetterCloud? How has David seen the rate of cloud adoption within enterprise over the last 5 years? Has it been faster or slower than he thought?
People often suggest operators are suited to certain stages of a company lifecycle, does David agree with this? What are the leading indicators an individual is struggling to scale? How does one communicate that to them effectively? How does David think about the decision to move an individual to another role vs release them?
What does radical transparency really mean to David? How does the ability to have radical transparency within your org change when the org is 10 people vs 100 people? What are the biggest challenges of scaling transparency? From a meeting structure view, what can leaders do to encourage transparency?
How does David feel about the method of OKR setting? How has his mindset changed towards OKRs? What does the decision-making process look like for deciding which OKRs to focus on? What OKRs do they focus on at BetterCloud? How does one know when they need to change their OKRs?
David’s 60 Second SaaStr:
What would David most like to change in the world of SaaS?
How has David seen himself emerge and develop as a leader?
What is the biggest challenge of David’s role within BetterCloud today?
Read the full transcript on our blog: https://www.saastr.com/saastr-podcast-341-with-bettercloud-founder-ceo-david-politis/
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