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What’s more important: product or sales?

Version One Ventures

It’s the age-old debate among start-up circles: which is more important to the success of a start-up: the strength of the sales/distribution strategy or the quality of the product? To be successful, a stand-alone company needs a top-notch product and a clever distribution/sales strategy. Today, it’s a different story.

Sales 145
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Top Hat Raises $22.5M Series C in a Tough Vertical: What Can We Learn from their Success

Version One Ventures

And selling to institutions requires a long sales cycle. They took an innovative approach to distribution. Top Hat adopted a bottoms-up approach to distribution, as covered in the Globe and Mail article: Sales took off after Top Hat ignored advice and flipped its sales strategy.

Vertical 132
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How Pertino is reinventing the future of business networking

Lightspeed Venture Partners

Instead of selling to the CIO (which could have long, costly sales-cycles), Pertino has focused on marketing and selling their services directly to the end-user. Given their core expertise in networking, we believed that they were one of the few teams in the world that could deliver on this promise.

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Seed Stage Funding 101: What it Is & How it Works

The Startup Magazine

This suggests the firm should have a list of paying customers, consistent sales cycles, a clear value proposition, and a developing revenue pipeline in the ideal situation. One needs to evaluate their go-to-market strategy, distribution channels, scalability, execution team, and so on at this time.

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Flyability: safe drones for inaccessible places

Where to Play

As for the challenge, the firm already had the know-how for developing the drone, and estimated both the implementation obstacles and the time to revenues as ‘mid’, taking into account the distribution requirements and the length of a sale cycle. The overall challenge was therefore estimated as ‘low-mid’.

Agile 54
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My Life as a CEO (and VC): Chief Psychologist

Both Sides of the Table

How can I hit my quota selling to Deutsc he Bahn – their sales cycles are so slow! But this isn’t restricted to distributed teams, multi-country environments or even large companies. It doesn’t seem fair. I don’t understand why she gets all of the best accounts. We faced it when we were small.

Ireland 319
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LinkedIn Video Ads: Relevance, Specs, and Use Cases

ConversionXL

Compared to the B2C world, B2B attribution faces two challenges: Sales often take place offline. The sales cycle may last for months, or more than a year. You’ll almost certainly endure gaps between LinkedIn behavior and the close of sales. LinkedIn video ad metrics. Know exactly who you want to reach.

Video 129