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Fire bad customers save great ones | Cassie Young

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Dec 8, 2025

Guest

Cassie Young

Cassie Young, General Partner at Primary Venture Partners and a seasoned leader in customer success, shares invaluable insights into SaaS growth. She discusses the unconventional strategy of firing low-value customers to save resources, emphasizing that churn reveals deeper retention issues. Cassie critiques traditional metrics like NPS and stresses the importance of understanding leading indicators for better retention. With her witty 'Cassie isms,' she shares strategies that foster cross-functional alignment and boost overall enterprise value.

01:11:23

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insights

INSIGHT

P&L Fluency Separates Great Execs

Executives who master the P&L see beyond their function and drive company outcomes.
Cassie calls this P&L fluency and says it separates unforgettable leaders from the rest.

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ADVICE

Make The Executive Team Your 'First Team'

Make your executive 'first team' the senior leadership team, not your direct reports.
Align around shared company goals to avoid optimizing local function metrics at the expense of results.

insights

INSIGHT

Macro Pulse And A Bat Phone Matter

Great executives monitor macro trends and curate a strategic network to respond faster.
Cassie lists macro awareness and a bat phone as core leadership traits.

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Cassie's background and Pavilion summit

What makes a great executive

First-team leadership in practice

18:26 • 3min

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Churn as a lagging indicator

20:58 • 2min

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Analyzing leading indicators for retention

22:31 • 6min

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Perception, product awareness, and retention

28:05 • 1min

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Price-to-value and deal desk discipline

29:09 • 1min

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Customer value equals enterprise value

30:21 • 2min

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NPS: how to use it effectively

31:56 • 5min

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Turning around a negative NPS

36:36 • 4min

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Three-bucket strategy and comp alignment

40:51 • 4min

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Firing customers and creating optionality

45:19 • 4min

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Early-stage hiring and founding roles

49:13 • 11min

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AI-native risk and time-to-value urgency

01:00:04 • 6min

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P&L fluency as a career accelerant

• Mentioned in 94 episodes

The Five Dysfunctions of a Team

A Leadership Fable

Patrick Lencioni

This book explores the fundamental causes of team failure and organizational politics through a narrative about a fictional company, DecisionTech, Inc. It outlines five dysfunctions: absence of trust, fear of conflict, lack of commitment, avoidance of accountability, and inattention to results. The book provides practical advice and real-world examples to help teams overcome these dysfunctions and become high-performing teams.

Cassie Young brings hard earned lessons from a career spanning CRO roles, customer success leadership, turnarounds, and now investing as a General Partner at Primary Venture Partners. She talks about building and rebuilding go to market teams, why sometimes you should fire customers on purpose, and how churn is a lagging indicator that hides deeper retention issues. Cassie shares strong views on overrated metrics like NPS, the incentives that actually drive behavior inside a business, and the myth of finding one perfect KPI. She also brings signature Cassie isms like sunlight is the best disinfectant and the reminder that leaders often get stuck working in the business instead of on it offering practical insights for anyone trying to keep their SaaS metrics from going sideways.

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LINKS:

Cassie on LinkedIn: https://www.linkedin.com/in/cassyoung/

Primary Venture Partners: https://www.primary.vc/

CJ on LinkedIn: https://www.linkedin.com/in/cj-gustafson-13140948/

Mostly metrics: https://www.mostlymetrics.com

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RELATED EPISODES:

Getting fired 4 times made me a founder | Sam Jacobs of Pavilion

https://youtu.be/8X-JVOF-1A0

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TIMESTAMPS:

00:00:00 Preview and Intro

00:02:30 Sponsors Aleph | Fidelity Private Shares | Sage Intacct

00:05:21 Returning From Pavilion & GTM Summit Takeaways

00:06:49 What Makes a Great Executive

00:11:07 The Importance of True P&L Fluency

00:12:17 First Team Leadership vs Functional Loyalty

00:13:33 Reading the Macro Environment and Market Forces

00:14:29 Sponsors Mercury | RightRev | Tipalti

00:18:26 Applying First Team Leadership in Practice

00:22:24 Churn as a Lagging Indicator

00:24:23 Finding Real Leading Indicators of Renewal

00:25:30 Customer Value as the Only Path to Enterprise Value

00:26:52 Product Adoption Perception and Retention

00:29:16 Price to Value Ratio as a Predictor of Guaranteed Churn

00:30:37 The Ultimate Question What Gets Your Customer Promoted

00:32:33 How NPS Is Actually Calculated

00:34:56 Sailthru’s Minus 26 NPS and What It Signaled

00:37:31 Rebuilding Customer Trust Through Transparency

00:40:24 Why Net and Gross Retention Must Be Paired

00:42:51 Aligning the Executive Team Through a Unified Bonus Plan

00:45:18 Firing Customers When Misaligned Segments Drain the Org

00:49:35 Carrot vs Stick How to Motivate a Modern GTM Org

00:52:31 Why MBO Plans Fail CSMs

01:03:51 Why Time to Value Matters More Than Ever

#RunTheNumbersPodcast #CustomerSuccess #ChurnPrevention #GoToMarket #VentureCapital

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit cjgustafson.substack.com

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