SaaStr 359: The Secrets to Vertical Growth, What it Really Takes to Build a $1B SaaS Company with Matt Garratt, SVP, Managing Partner @ Salesforce Ventures, Trisha Price, Chief Product Officer @ nCino and David Schmaier, CEO & Founder @ Vlocity
Aug 6, 2020
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Three SaaS leaders from Salesforce, nCino, and Vlocity share tips on building a billion-dollar SaaS company. Topics include recruitment strategies, sales tactics, building the right team, industry transformation, and customization challenges.
Efficient scaling in vertical SaaS involves streamlining cloud infrastructure and operations for growth.
Recruitment and team building are crucial in assembling skilled individuals for successful vertical SaaS products.
Deep dives
Efficient Scaling and Value Creation in Vertical SaaS Companies
The podcast discusses the efficient scaling and value creation in vertical SaaS companies by emphasizing how they streamline their cloud infrastructure and operations. It highlights the advantages of vertical SaaS companies in terms of efficient scaling, lower sales requirements, strong customer retention, and upselling opportunities. By focusing on industry-specific solutions, these companies can achieve significant growth and success.
Team Building Strategies for Vertical SaaS Startups
The episode delves into the importance of team building strategies for vertical SaaS startups, illustrating the significance of assembling a skilled and dedicated team. The discussion emphasizes the critical role of domain experts and full-stack developers in building successful vertical SaaS products. The podcast stresses the value of hiring individuals with a balance of technical expertise, industry-specific knowledge, and innovative thinking to drive growth and innovation.
Product Development and Fundraising in Vertical SaaS Ventures
The podcast explores the product development process and fundraising challenges faced by vertical SaaS ventures, highlighting the significance of deep industry integrations and scalable solutions. It sheds light on the strategic approach to product development, emphasizing the reuse of components and the importance of domain expertise. Furthermore, it discusses effective fundraising strategies, focusing on building strong partnerships, attracting the right investors, and demonstrating a viable and repeatable business model.
From strategies in recruitment and team building to sales tactics, these leaders from Salesforce, nCino, and Vlocity, will discuss the top tips for moving beyond horizontal SaaS and building a billion-dollar SaaS company.
Matt Garratt, SVP, Managing Partner, Salesforce Ventures
Trisha Price, Chief Product Officer, nCino
David Schmaier, CEO & Founder, Vlocity
This episode is an excerpt from a session at SaaStr Summit: Enterprise.