Version One Ventures

FEBRUARY 15, 2017

And selling to institutions requires a long sales cycle. 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. They focused on revenue early on. They took an innovative approach to distribution.

Vertical 132

Vertical Technical Review Cofounder Sales Cycle 132

YoungUpstarts

MARCH 27, 2019

by Manish Dudharejia, President and Founder of E2M Solutions Inc. Brands that ignore the selling capabilities of social media platforms are missing out on significant sales opportunities. Establishing a social sales channel is especially important if you are planning to expand your online store to global markets.

Social Media 113

Social Media Media San Diego Sales Cycle 113

Duct Tape Marketing

APRIL 18, 2024

With her expertise, she’s boosted hundreds of agencies to millions in revenue, attracting premium clients willing to pay 50-600% fees. Key Takeaways Mandi Ellefson, founder of Hands-off CEO, shares her journey from overwhelming debt to multimillionaire status by transforming consulting agencies into self-sustaining enterprises.

Framework 64

Framework Sales Cycle Sales Hiring 64

K9 Ventures

AUGUST 13, 2010

So the departments either didn’t have the capacity to pay or it would be an endless sales-cycle, where we would spend lots of time on the sales, but it still wouldn’t close. Over the course of that relationship that lasted several years, we did over $1M in revenue just from HP. This time we’d gotten it right.

Revenue 72

Revenue Developer Java Customer Development 72

Steve Blank

MARCH 17, 2020

Next, take a look at your actual revenue each month – not forecast, but real revenue coming in each month. Subtract your monthly gross burn rate from your monthly revenue to get your net burn rate. All your assumptions about customers, sales cycle and most importantly, revenue, burn rate and runway are no longer true.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Startup Professionals Musings

MARCH 20, 2023

These founders all seem to be pushing their technology, rather than highlighting their solution to a painful need. Nice to have does not motivate a revenue stream. Technologies that cure world hunger may find that that hungry people don’t have money, and government agencies as customers are a very long sales cycle.

Customer 276

Customer Sales Cycle Social Media Viral 276

ConversionXL

NOVEMBER 23, 2022

Gavin Braman, Co-Founder @ Drifting Creatives. Salesforce, for example, increased its revenue market share to 18.4% Just like Peep, other marketers from hypergrown products, such as David Cancel (founder at Drift) argue that product-based differentiation is vanishing. The small group roundtable discussions were amazing.

B2B 94

B2B Marketing Curation PPC 94

A Smart Bear: Startups and Marketing for Geeks

AUGUST 29, 2011

We founders unwittingly focus on how to make the best customer experiences better , rather than making the worst experiences less worse , and sometimes this is a mistake. If you liked that, you'll probably like these too: Tech Support *is* sales. Hubspot has this down to a science, more so than almost any other company. Tweet. -->.

Technical Review 236

Technical Review Software Review Reputation Sales Cycle 236

Cracking the Code

OCTOBER 1, 2020

Earlier this year, I was on a panel with Guy Podjarny, Snyk’s founder, at SaaStock Remote to discuss how the team’s community-driven freemium approach led to the company’s stellar growth. With COVID, we’re getting into a world with tighter budgets and likely longer sales cycles. A year in, we had great usage and no revenue.

Early Stage 62

Early Stage Open Source Development Team Review Security 62

Steve Blank

AUGUST 15, 2016

The show follows the journeys of founders who share what it takes to build a startup – from restaurants to rocket scientists, to online gifts to online groceries and more. Jeremy Johnson , founder of Andela , which embeds talented software engineers on the African continent into top engineering organizations worldwide. Jeremy Johnson.

Cofounder 142

Cofounder Entrepreneur Africa Sales Cycle 142

Hunter Walker

JUNE 7, 2014

Not because they’re all operating in stealth or pre-product – in fact some already are earning $1m+ in revenue per annum. Founders are building small, focused teams based on people they worked with previously and referrals from their networks. Word of mouth spreads faster and sales cycles are shorter.

Technical Review 118

Technical Review CTO Hire Finance Stealth 118

Steve Blank

AUGUST 15, 2016

The show follows the journeys of founders who share what it takes to build a startup – from restaurants to rocket scientists, to online gifts to online groceries and more. Jeremy Johnson , founder of Andela , which embeds talented software engineers on the African continent into top engineering organizations worldwide. Jeremy Johnson.

Cofounder 120

Cofounder Entrepreneur Africa Sales Cycle 120

ReadWriteStart

JUNE 16, 2011

The founders, Sunil Guttula and Abinasha Karana, are experienced IT professional with 15 years of experience between them solving various enterprise IT problems. In fact, they generated $100k in revenues over the last year, since they first pitched at one of our roundtables. And you can sign up for the 1M/1M premium program here.

India 123

India Bootstrapping Non-Compete Entrepreneur 123

Startup Professionals Musings

JUNE 19, 2020

These founders all seem to be pushing their technology, rather than highlighting their solution to a painful need. Nice to have does not motivate a revenue stream. Technologies that cure world hunger may find that that hungry people don’t have money, and government agencies as customers are a very long sales cycle.

Technology 317

Technology Marketing Sales Cycle Social Media 317

ConversionXL

APRIL 28, 2020

In that unannounced meeting, Brett Hurt, our CEO and co-founder, laid it out for us. To have the future we wanted, we needed to shift away from monetizing our open-data community and toward enterprise sales. To do that, we built a demand funnel that took us from nothing to 44X revenue growth in a single year. Image source ).

Demand 101

Demand Revenue SQL B2B 101

Startup Lessons Learned

MAY 9, 2012

From Lean Startup Machine , Lean LA and San Diego Tech Founders , to countless speeches and workshops, I have seen the impact that their leadership has had first hand. Or will you need to staff and finance a whaling ship to be out at sea for months at a time to catch two or three whales (enterprise sales model)?

Entrepreneur 167

Entrepreneur Lean Southern California San Diego 167

Hippoland

AUGUST 8, 2018

At Hustle Fund, we back both first time founders as well as repeat founders. One thing I’ve noticed is that almost every repeat, previously-successful-founder focuses on the same thing for their respective startups: customer acquisition. This is obvious. Marketing first. Product second.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Hippoland

AUGUST 8, 2018

At Hustle Fund, we back both first time founders as well as repeat founders. One thing I’ve noticed is that almost every repeat, previously-successful-founder focuses on the same thing for their respective startups: customer acquisition. This is obvious. Marketing first. Product second.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. More on that in a moment.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Where to Play

FEBRUARY 5, 2019

Adrien Briod , the co-founder, envisioned how a collision-tolerant drone would assist in managing such dangerous situations. The product of course shares some similarities, yet the customers are completely distant: they don’t value the same benefits, and don’t share sales channels or word-of-mouth. They call it Elios. The Challenge.

Agile 54

Agile Technical Review Sales Cycle Distribution 54

Austin Startup

NOVEMBER 12, 2017

A frequent metaphor I use in customer acquisition, fundraising, or any kind of deal making is that you as the founder and promoter should present the finished meal on the dining table and not drag your counterparts into the kitchen. Is third-year revenue of $10M good or bad? A price of $2 per share means nothing in itself.

Term Sheet 48

Term Sheet Technical Review Due Diligence Merger 48

NZ Entrepreneur

SEPTEMBER 16, 2020

The statistics show that even though most founders bet their time and resources that their startups will be the best in the world, 90% of those new startups won’t be in operation in 10-15 years. For example, “How will unit cost affect our capital requirements and how will product pricing affect revenue?” Timing of sales.

Startup 69

Startup Sales Cycle Down Round Revenue 69

This is going to be BIG.

DECEMBER 1, 2010

Are your sales efforts going as efficiently as possible? Whats sales metrics do you track? It's no different on the sales side. They've turned sales into a science, tracking every metric possible and understanding what really drives the bottom line. Think about it as if it was Moneyball for sales. Just close rate?

Sales 99

Sales Sales Cycle Metrics Reputation 99

Startup Professionals Musings

SEPTEMBER 20, 2014

These founders all seem to be pushing their technology, rather than highlighting their solution to a painful need. Nice to have does not motivate a revenue stream. Creators of technologies that cure world hunger may find that hungry people don’t have money, but government agencies as customers are a very long sales cycle.

Technology 286

Technology Startup Sales Cycle Social Media 286

David Teten

APRIL 6, 2015

Both founders and researchers in healthcare are spending far too much of their energy in areas where they’re not going to make maximum impact. I think I understand why a lot of entrepreneurs in healthcare are pursuing the areas that also attract research dollars: there are lots of revenues associated with new drugs and treatments.

Venture Capital 60

Venture Capital Technical Review Non-Compete Philadelphia 60

ConversionXL

OCTOBER 13, 2015

Average Revenue Per Customer. Customers that converted in the last year that had a sales cycle of less than x weeks. So it’s good to look at those customers to see everything from where they came from (sales or marketing channel) to how long they stay, their NPS or other Customer Health score, etc. Total Customers.

Conversion 48

Conversion Retention Acquisition Metrics 48

Hippoland

AUGUST 16, 2018

But outcome-differentiation is probably lacking – people who use Mailchimp use it to increase revenue by selling more products / services via their emails. Think about it – if you’re using MailChimp and make let’s say $100 in sales for every send. That’s a feature difference. But that’s not Hustle Fund.

Sales Cycle 54

Sales Cycle Differentiation Early Stage Bootstrapping 54

ConversionXL

OCTOBER 7, 2022

This is due to factors such as maturity, sales cycle, product value, purchase frequency, and customer lifespan. Total marketing spend in Q1 + total sales spend in Q1 / Number of new customers in Q1 = CAC in Q1. 7,000) Total marketing spend + total sales spend / (500) new customers = $14 per customer. .

Acquisition 22

Acquisition eCommerce Cost Customer 22

Duct Tape Marketing

JUNE 4, 2015

We often hear from business owners that the user experience of their website comes secondary to their bottom line, which is to simply have a digital presence so that they can increase online sales. Yana Nirshberg is the Co-Founder, Managing Partner and Creative Director at ParadigmNEXT, Inc.

Web 28

Web Technical Review Sales Cycle Cofounder 28

ConversionXL

MAY 27, 2022

Sales intelligence platform Cognism cut their lead generation efforts by 90% in 2021. Then they increased their revenue from $2M to $6M in six months. In this article, you’ll learn how to build a demand generation funnel that fuels the pipeline, shortens the sale cycle, and generates revenue.

Demand 124

Demand B2B Distribution Channel 124

Hippoland

AUGUST 16, 2018

But outcome-differentiation is probably lacking – people who use Mailchimp use it to increase revenue by selling more products / services via their emails. Think about it – if you’re using MailChimp and make let’s say $100 in sales for every send. That’s a feature difference. But that’s not Hustle Fund.

Sales Cycle 48

Sales Cycle Differentiation Early Stage Bootstrapping 48

ConversionXL

MAY 27, 2022

Very few, if any, of these interactions are with a sales rep. Because if people are making up their own minds, without coercion from sales, creating demand is the best way to get them to choose you. Because if people are making up their own minds, without coercion from sales, creating demand is the best way to get them to choose you.

Demand 95

Demand Management B2B Campaign 95

YoungUpstarts

SEPTEMBER 13, 2018

by Rachel Strella, founder of Strella Social Media. Sometimes it can require months — or even longer — of relationship-building to acquire major clients with large-scale revenue possibilities. Rachel Strella is the founder of Strella Social Media , a social media management company serving dozens of clients nationally.

Social Media 113

Social Media Sales Cycle Audience Media 113

Duct Tape Marketing

FEBRUARY 22, 2017

Think back to a sales situation with a friend of a friend, one where you started with a huge trust advantage: how much smoother and faster was the process? In which verticals do you experience smooth, seamless sales processes, instead of arduous uphill battles? Step 2: Determine your targets’ revenue floor and ceiling.

Curation 44

Curation Lead Generation Technical Review Email 44

Startup Professionals Musings

JUNE 19, 2016

These founders all seem to be pushing their technology, rather than highlighting their solution to a painful need. Nice to have does not motivate a revenue stream. Technologies that cure world hunger may find that that hungry people don’t have money, and government agencies as customers are a very long sales cycle.

Sales Cycle 120

Sales Cycle Social Media Viral Technology 120

Duct Tape Marketing

APRIL 5, 2023

Recent, an episode featured Max Novak, the founder of Nova Cast, where he talked all about how podcast booking campaigns create value For listeners and for brands. What, how much are you spending on ads in total as a percentage of total top line revenue? And you can listen to it all on your lunch break. It was phenomenal.

Advertising 82

Advertising Analytics San Diego Networking 82

This is going to be BIG.

NOVEMBER 10, 2011

Slow sales cycles. I'd bet that anyone who looked at this company's early sales traction would have asked her, "Wait. It was enough to make anyone who didn't love the space realize that she had cracked the code of breaking into government sales--and once you're in, you're in forever. Ugh, right? Except that its working.

Sales Cycle 121

Sales Cycle Government Revenue Sales 121