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

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

20Sales: How Snowflake Built a Sales Machine | Why You Have to Hire a CRO Pre-Product | Why Most Sales Reps Do Not Perform | Why Hiring Panels are BS in Interviews | Why Remote Sales Reps Do Not Care About Their Development with Chad Peets

Aug 23, 2024
Chad Peets, a renowned sales leader and recruiter with 25 years of experience, shares invaluable insights on building effective sales teams. He argues that SaaS companies need a Chief Revenue Officer before launching a product to ensure proper sales strategies. Chad exposes common pitfalls in hiring practices and explains why many sales reps underperform. He also stresses the importance of aligning sales and product marketing efforts and highlights how understanding personal motivations can enhance recruitment strategies.
01:03:57

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Quick takeaways

  • Having a Chief Revenue Officer (CRO) pre-product is essential for creating a targeted sales playbook and ensuring market alignment.
  • Implementing a robust onboarding program for sales teams helps improve performance by ensuring deep understanding of products and processes.

Deep dives

The Role of Sales Leadership in Startup Success

In the early stages of a startup, having a Chief Revenue Officer (CRO) involved before the product launch is crucial. A CRO can effectively create a sales playbook by leveraging their expertise in sales, which is often beyond the scope of technical founders. They also facilitate vital customer discovery conversations during the product development phase, helping to ensure that the product will meet market needs. This approach helps avoid common pitfalls, such as building a product that no one wants to buy, and leads to a more informed and targeted sales strategy from the outset.

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