7:12 One of the things you're talking about during our prep session,
7:15 you described salespeople who are in high velocity motions.
7:20 And I would put recruitment in there absolutely as a high velocity motion,
7:24 plus the urgency on both sides of the marketplace that you're running.
7:28 You say they turn into revenue athletes.
7:30 So, Juan, I would love for you to define what does a revenue athlete look like,
7:35 and then apply that mindset that you can pick up there and bring to the enterprise world.
7:41 Yeah. If you think about high velocity teams,
7:46 the month ends, the deals go, some of them die, some of them win.
7:50 You learn something with every interaction.
7:52 They're quick, iterative.
7:54 You just have more at bats to refine.
7:57 And almost like the losses don't hit as hard.
8:00 The wins don't mean as much as well.
8:03 But it's like the drug.
8:05 You get the dopamine hits and you get that going.
8:08 And so, I mean, the bullpen environments,
8:12 that's why I have music in the background.
8:14 I grew up in that environment.
8:15 The more stimulation, the better.
8:18 But in an enterprise, you don't have as many at bats,
8:21 and you don't have a lot of lessons to learn from.
8:24 And then, arguably, if you wait to win loss, it's so long.
8:30 If your sales cycle's eight months to 18 months, then how fast are you learning?
8:36 And then if you're also kind of holding on the deals
8:38 that are already lost because of indecision,
8:40 the buyer just doesn't want to tell you that they're not going to go with you.
8:43 They're just kicking the can down the road.
8:46 You end up kind of lying to yourself.
8:48 So, yeah, revenue athletes are the ones who are,
8:51 they don't take it personally, they're machines, right?
8:53 They're just chiseled and they're ready to go.
8:58 But they're also not very strategic in nature because of that.
9:02 There's no reason to be.
9:03 I'm not saying that high-velocity teams are dumb by any means,
9:07 but there's pros and cons.
9:10 You have the chiseled revenue athlete,
9:13 and then you have the more of the chess player,
9:15 or if you will, there might be lazy and fat behind the chess board,
9:19 but very strategic mentally.
9:22 So, I think that to avoid that, you have...
9:26 Well, the problem in that is you don't have the urgency
9:30 that a high-velocity seller would have naturally,
9:33 and you kind of can rest on your laurels.
9:34 And as an organization, you kind of sit back on your heels a bit
9:38 because you have time.
9:39 Like, "Oh, we didn't get the proposal out on Friday."
9:41 Well, it's okay.
9:42 We can get it next week.
9:44 The deal's not going anywhere because we have an eight to 18-month sales cycle.
9:48 So, you end up getting lax on that point.
9:52 But I'd argue that, especially this day and age,
9:55 when you're selling an AI solution, of course,
9:58 but when there's so much innovation happening outside,
10:02 it's not just hitting high-velocity low-sale cycle products.
10:06 It's also coming to the enterprise.
10:08 If it's not evident, it's going to be evident very soon.
10:11 And so, if you're not ready for prime time,
10:14 speed is going to come to you whether you like it or not.
10:17 And so, looking at things like how fast does it take to you to get an NDA out?
10:23 How fast does it take internal deal-desk conversations to happen?
10:28 When you look at different metrics you can learn from,
10:30 from a revenue ops perspective,
10:32 how many times are we single-threaded versus multi-threaded?
10:35 Are we at the right level?
10:36 You can have several conversations in a week with a deal
10:41 that doesn't move from stage to stage,
10:43 but now it's likelihood to move from stage three to stage four goes up highly
10:49 because you've engaged eight-plus buyers or eight-plus people in that process.
10:54 So, I think it's all like different tells that you can look from in the data.
10:59 And it kind of comes down to what are you really looking at for efficiency?
11:03 And why you should never accept that it's strategic sales.
11:06 So, let's just go the old-fashioned way and whiteboard things
11:10 and just wait for things to come to us.
11:13 You still have to make sure that you're up to snuff mentally
11:15 and then also physically with the athlete analogy coming back.
11:21 Well, and I think a lot of companies don't realize the opportunity that they can capture.
11:26 Let's take that 12-month sales cycle type of deal.
11:31 If you can compress that to nine months,
11:33 you can make sure you close even more deals within this year
11:37 versus it slipping into the next.
11:39 And then that's stacked up onto your growth rate for that particular year.
11:43 When you're fundraising and doing things like that,
11:45 the difference between an 80% growth rate and 2Xing
11:49 is potentially worth tens of millions to your evaluation.
11:53 So, it's not a small thing to say,
11:55 "Hey, we close this in December versus March. What's the big deal?"
11:59 No, it is a big deal.
12:00 It's a huge deal for your enterprise value.
12:03 And as you know, the longer you let things just wait,
12:06 the less likely it are to close to.
12:08 And then your mechanism is not just...
12:11 It's not land, really, because your addressable market with your big logos is great.
12:15 But the days of closing $30 million land deals,
12:19 it's few and far between.
12:20 Those land deals, even the one I just told you, was an expand deal.
12:24 If you count pilot as a land, right?
12:27 And the most important thing is what kind of expansion flywheel are you building?
12:32 And so, the time to close, it doesn't have to be like...
12:35 Maybe it's 18 months because you're asking for too much upfront.
12:39 Maybe you can close something in 90 days and have like,
12:43 as opposed to 500k pilot or first year deal, you do a 20k pilot.
12:49 And in that 20k pilot, you automatically set them up
12:51 for an expansion into a $5 million deal because of that.
12:55 So, it's all about how you break up your own sales process
13:02 and just try things and be creative with things
13:05 to see what works for the buyer you're selling to.
13:09 Which is an interesting thought because if you land smaller,
13:13 I'm certain the conversion rate of that bigger deal
13:17 is going to be much, much higher if you have an opportunity to prove it out.
13:21 And that should be moved up forward
13:24 than if you tried to land the entire thing in the first go.
13:28 So, I think that land and expand motion in the enterprise world.
13:32 Seeing how you can build that in not only helps you close a little bit early,
13:37 but even the big deal that you have in your head of what it should be,
13:40 that should expedite that potential and improve the conversion rate too.
13:44 Yeah, absolutely.
13:45 And it has some semblance of can you get a higher velocity learning moment at least.
13:53 Having some discipline of saying like, if we're talking
13:57 and you're buying what I'm selling and you say, this sounds great Tim,
13:59 but I need a couple more quarters for whatever reason.
14:05 And so I'm like, okay, sounds good.
14:08 So what's your next, I mean, obviously I'm going to try to convince you not to wait,
14:11 but are you close, you should close loss that deal.
14:15 It's dead, right?
14:16 Because it's two months or three months or two quarters, whatever it might be.
14:20 That's a learning moment.
14:21 So how do we, so the point is, it's like learning close loss.
14:25 And so it gives attention to the actual, you know,
14:29 you know, retro of what you could have done to made you not want to wait two quarters
14:35 and having those moments where you can have some sort of a recognition and learning in earlier ways.
14:42 But a lot of enterprise, I mean, I've done this taking over enterprise teams
14:47 and they have just this, their sales cycle is 18, 24 months,
14:52 but that's only because they don't have the rigor of actually closing things
14:55 when they should be closed, right?
14:56 They just kind of hold onto these weird things and their pipeline meetings.
14:59 And I don't know if it's like a pillow that helps them sleep at night
15:03 or something like that with their big, huge pipeline.
15:05 But if the, if the pipeline is fake, then that's an empty pillow to sleep on, right?
15:12 I don't know if some reps understand how easy it is to see through all of that.
15:17 And nobody goes to president's club on their pipeline.
15:20 Yeah.
15:20 So you might as well close it out, keep it clean and then focus
15:23 on the things that matter and can actually close.
15:25 Yeah. Yeah, I agree.
15:28 What one thing on the speed too, I'm wondering your perspective on this.
15:33 Let's assume, Hey, it's going to take 12 months
15:36 and these little bottlenecks of the NDA, the proposal, scoping out the,
15:41 the POC, if there is one or something like that.
15:43 Let's assume that doesn't ultimately move the needle on the closed date.
15:49 I still think very few things signal competence more than speed.
15:55 So when somebody asks you for a proposal and you can get it to the same day or next day,
16:01 or somebody asks for the NDA and you ship it right away or get it turned around right away.
16:05 I think even just the perception of your company's ability to execute on whatever
16:12 you're trying to sell could really be elevated if you run the process
16:16 really professionally and have speed baked up.