
The Revenue Formula
This podcast is about scaling tech startups.
Hosted by Toni Hohlbein & Mikkel Plaehn, together they look at the full funnel.
With a combined 20 years of experience in B2B SaaS and 3 exits, they discuss growing pains, challenges and opportunities they’ve faced. Whether you're working in RevOps, sales, operations, finance or marketing - if you care about revenue, you'll care about this podcast.
If there’s one thing they hate, it’s talk. We know, it’s a bit of an oxymoron. But execution and focus is the key - that’s why each episode is designed to give 1-2 very concrete takeaways.
Latest episodes

Apr 23, 2024 • 30min
4 Outbound Mistakes
Is outbound dead? And if not, what are the biggest mistakes we've seen?That's exactly what we get into today(00:00) - Introduction
(01:37) - "Outbound is dead? Bullshit."
(05:46) - Can you even run outbound?
(09:35) - What's changed?
(12:28) - Mistake 1: Outsourcing
(16:39) - Mistake 2: Not knowing the ideal talent profile
(20:43) - Mistake 3: Scaling at the wrong pace
(24:36) - Mistake 4: Not getting the balance right
*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com

Apr 18, 2024 • 50min
WTF is PLS even? (with Jesus Requena, VP Marketing at Hex)
What is PLS? When does it make sense to use it? How do you get started?These are just a couple of the questions we asked Jesus who's been building PLG and PLS motions at Unity, Figma, Algolia and Hex.(00:00) - Introduction
(00:57) - Meet Jesus
(04:35) - PLG at Unity
(05:45) - Solving a big problem
(12:12) - Is this the right motion?
(16:49) - Can you bring users to a pain state?
(21:18) - If it was a demo
(23:08) - It's about signals
(30:31) - Looking towards revenue
(33:14) - Qualification is the same
(36:39) - Narrowing your focus
(39:16) - Activating 10K accounts
(42:59) - Indicators of scale
(46:26) - Hard lessons
*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com

Apr 16, 2024 • 37min
Don’t have GTM visibility?
Everyone has a dashboard, a sheet, some reports - but still the number 1 problem we hear about? It's visibility into performance.So we discussed the problem, and what you can do about it.(00:00) - Introduction
(02:16) - Why we get asked about visibility
(08:58) - The problem with visibility
(14:16) - Breaking down targets
(17:48) - Having foresight
(21:55) - The first step to build it
(27:04) - Test the model
(29:44) - No one does QBRs
You can find the CAC:Payback template here.*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com

Apr 11, 2024 • 54min
Avoid this when scaling (with Mark Roberge, co-founder at Stage 2 Capital)
There's a few patterns to avoid when scaling sales. We walk through them together with Mark Roberge.(00:00) - Indtroduction
(03:48) - Meet Mark
(08:44) - The number 1 pattern of unnecessary failure
(11:16) - Getting the right pacing
(16:35) - Pushing back on the plan
(25:39) - Why do we misunderstand capacity?
(33:54) - The problem with commissions
(36:31) - The comp plan works against this goal
(40:12) - How do you comp on retention?
(42:38) - Find your leading indicators of retention
(44:10) - Pushback on retention compensation
Also, check out the science of scaling here. Mark also did a presentation at SaaStr on common sales potholes, make sure to check it out.*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com

Apr 8, 2024 • 29min
RevOps needs to move
With everything that's happening, we discuss if it's time for RevOps to move away from the CRO.We get into(00:00) - Introduction
(02:29) - Is it time to move?
(08:30) - If the CRO doesn't get it..
(11:24) - Give CFO operational insights
(16:54) - Commercial FP&A?
(21:08) - The P&L of commercial
(23:54) - Zero helpful advise
You can find the CAC:Payback template here.*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com

Apr 4, 2024 • 46min
How Paddle scaled with outbound to $100M (With Harrison Rose)
Harrison Rose shares how Paddle scaled to $100M with focused outbound strategies, evolving target customer profiles, and the importance of RevOps. They developed a three-folded funnel, ensuring they didn't run out of market while navigating the messy journey of scaling.

Apr 2, 2024 • 34min
Making metrics matter
If you want to operate SaaS effectively - you need to know how metrics are constructed, and when to use them.Sounds obvious, but many many folks struggle with this, so we walk through two simple frameworks.(00:00) - Introduction
(03:08) - Pain with metrics
(05:54) - The reality level
(10:16) - It takes time to move metrics
(14:58) - Metrics tree
(18:27) - Higher up, more actions
(21:07) - Don't just build what VCs want
(24:17) - The metric pyramid
Check out the definitive guide to revenue architecture here.*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com

Mar 28, 2024 • 50min
Scale efficiently with RevOps (With Jeremey Donovan)
We asked Jeremey: How does RevOps help businesses right now switching from growth at all costs to efficient growth?We got into a bunch - how prospects are like fish. Will AI help?. A "moneyball" approach to hiring - and much much more.(00:00) - Introduction
(02:49) - Fish are like prospects
(04:49) - Meet Jeremey
(06:13) - What does efficient growth even mean?
(09:47) - Find your "on base percentage"
(19:03) - How does AI play in?
(25:09) - Reassessing outbound
(33:23) - LTV to CAC
(37:44) - System level thinking & infinite LTV
(41:13) - Takers of OTE
(43:40) - OTE inflation & right-sizing
*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com

Mar 26, 2024 • 32min
To grow faster, talk with this team
We all want to grow faster, but there's a pretty important team to work with to do that - finance.We get into how finance looks at the GTM and much much more(00:00) - Introduction
(02:32) - Look at the cash being burned
(07:26) - Asset or liability
(11:29) - What it means for the GTM team
(13:32) - Not running out of money
(22:43) - What finance looks at
(27:08) - What does it mean for growth?
*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com

Mar 21, 2024 • 42min
+$100M & how Outreach got there
A pivot. One motion - and relentless focus. That's just some of the ingredients Manny Medina shared on how Outreach grew to $100M and beyond.In the episode we get into:(00:00) - Introduction
(02:13) - Meet Manny
(03:45) - Outreach's first motion: Outbound
(09:30) - Outbound isn't dead
(12:22) - AI changing the outbound game
(16:14) - Scaling at 0, $10M and $100M
(19:59) - You don't scale to enterprise. You turn into an enterprise machine
(22:12) - Narrowing your ICP
(23:25) - Kicking in the inbound engine at $50M
(26:44) - A competitive category
(29:51) - Lessons from Outreach's internationalization strategy
(32:20) - Deciding to go multi-product
(39:11) - Final advice to get to $100M
*** This episode is brought to you by Growblocks. Finding and fixing problems in your GTM shouldn't take weeks. It should happen instantly.That's why Growblocks built the first RevOps platform that shows you your entire funnel, split by motions, segments and more - so you can find problems, the root-cause and identify solutions fast, all in the same platform.***Connect with us🔔 LinkedIn: Toni / Mikkel✉️ Newsletter: revenueletter.substack.com 📺 Watch: https://www.youtube.com/@growblocks💬 Contact: podcast@growblocks.com