Founder-led sales | Pete Kazanjy (Founding Sales, Atrium)

Dec 15, 2022 Episode Page ↗
Overview

Pete Kazanji, author of "Founding Sales" and CEO of Atrium, discusses why founders should lead sales, when and how to hire the first salesperson, and tactical tips for improving sales skills.

At a Glance
14 Insights
1h 1m Duration
18 Topics
6 Concepts

Deep Dive Analysis

Pete Kazanjy's Background and Journey into Sales

Distinguishing Modern Sales from Old-School Sales Approaches

The Critical Role and Importance of Founder-Led Sales

Indicators for When to Hire Your First Salesperson

Understanding and Iterating on Your Sales Motion

Leading Indicators of Sales Success Beyond Closed Deals

Why Founders Must Engage in Sales (Even PLG Companies)

Essential Mindset Shifts for Improving Sales Performance

Strategies for Rapid Rapport Building and Effective Questioning

Modern Sales: Focusing on Helping Customers Solve Problems

Practical Tips for Enhancing Sales Skills and Targeting

Defining Ideal Customer Profile (ICP) and Personas

Hiring Your First Salespeople: Who to Look For

Early Warning Signs of a Sales Hire Not Working Out

Impact of Remote Work on Junior Salespeople's Development

Overcoming the Fear of Sales and Its Broader Benefits

Recommended Books for Systems Thinking and Leadership

Effective Hiring Strategy: Using Job Simulation Screens

Modern Sales

Modern sales is a more thoughtful, operational, rigorous, and analytical approach to selling. It shifts away from the 'sleazy' stereotype, focusing instead on bringing supply to demand by identifying customer problems and elucidating how a solution can create value, similar to a 'Moneyball' approach in sports.

Founder-Led Sales

This is the initial phase where the founder acts as the primary salesperson, learning to reliably sell the product to early customers. It's crucial for product development, refining the sales message, and building a repeatable sales motion before hiring dedicated sales staff.

Sales Motion

A sales motion encompasses all the activities and steps involved in taking a prospect through the sales process to an eventual close. It should be treated like software, constantly updated and iterated based on customer interactions, objections, and feedback to improve effectiveness.

Leading Indicators

These are early metrics that predict future sales success, such as the number of first meetings, second meetings, or progression to later stages in the sales funnel. Focusing on leading indicators helps identify problems and apply corrections much faster than waiting for lagging indicators like closed deals.

Ideal Customer Profile (ICP)

ICP defines the characteristics of the ideal company or account that would benefit most from your product and is most likely to buy. It helps target sales efforts effectively, ensuring salespeople focus on prospects with a high proclivity for the solution.

Personas

Personas are the specific human roles within an ICP account that salespeople will interact with during the sales process. Understanding these different individuals (e.g., user, technical stakeholder, budget owner) helps tailor communication and navigate complex organizational buying decisions.

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What is the core difference between modern sales and traditional sales?

Modern sales is a more analytical, operational, and rigorous approach focused on understanding and solving customer problems, rather than just pushing a product. It emphasizes data-driven improvements and a consultative mindset.

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Why is it crucial for founders to lead sales in the early stages of a B2B startup?

Founder-led sales is essential because it directly informs product development, helps the founder discover effective positioning and messaging, and allows them to package a repeatable sales motion before hiring a dedicated sales team. Outsourcing this too early leads to a loss of critical feedback and learning.

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When is the right time for a founder to hire their first salesperson?

Founders should hire their first salesperson when they can reliably and repeatedly close deals themselves at a decent win rate (e.g., 15-25% of first meetings converting to customers) over a statistically significant number of attempts (50-100 at-bats), indicating a repeatable 'selling while loop'.

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How can founders and product managers improve their sales skills?

One way is to practice 'turbo rapport' by quickly building connections with strangers in everyday interactions. Another is to get very clear on your Ideal Customer Profile (ICP) and personas to ensure you're targeting people who genuinely have the problem your product solves.

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Do product-led growth (PLG) companies still need a sales team?

Yes, almost all B2B companies, including PLG ones, eventually build a sales team. While PLG is great for landing and permeating an organization, sales becomes necessary to secure larger enterprise contracts and engage with budget holders who require human interaction for significant investments.

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What kind of salesperson should a Series A founder hire first?

Instead of a VP of Sales, founders should look for early-stage 'pioneer sellers' or 'deputies' from successful sales organizations. These individuals are typically grittier, closer to the actual selling process, and more willing to work with evolving collateral and processes.

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What are early signs that a new sales hire might not be a good fit?

Early signs include poor win rates, low activity levels (not getting first or second meetings), or an inability to progress opportunities through the funnel, especially after being provided with the founder's documented sales motion and collateral.

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Why is working from home potentially detrimental for junior salespeople?

Remote work slows down the learning and correction loops for junior salespeople. In an office setting, they can sit side-by-side, listen to calls, and receive immediate feedback and coaching, accelerating their development and ensuring the sales motion is implemented effectively.

1. Validate Sales Process

Before hiring your first salesperson, ensure you can reliably convert 15-25% of first meetings into customers, across 50-100 attempts, to prove the sales motion is repeatable.

2. Continuously Update Sales Motion

Treat your sales motion like software, constantly updating it based on customer interactions. Create new slides or talk tracks to address objections and improve effectiveness.

3. Track Leading Sales Indicators

Don’t solely rely on lagging indicators like closed deals; instead, track leading indicators such as conversion rates between sales stages to identify areas for improvement.

4. Adopt a Consultant Sales Mindset

Approach sales as a consultant, identifying prospects whose problems your technology solves. Guide them through discovery questions to reveal inefficiencies and present your solution.

5. Define Ideal Customer Profile

Get very clear on your Ideal Customer Profile (ICP), understanding both the characteristics of the target company and the personas within it, to avoid wasting time on unsuitable prospects.

6. Hire Pioneer Salespeople First

After proving your sales motion, hire a couple of early-stage, “pioneer” sellers (deputies or gritty individual contributors) rather than a VP of Sales, as they are better suited to operationalize your knowledge.

7. Document Sales Motion Resources

Ensure new salespeople have all necessary materials, such as slide decks, discovery questions, and demo scripts, to effectively learn and execute the sales motion you’ve developed.

8. Continuously Monitor Sales Performance

Continuously monitor new sales reps’ leading indicators (e.g., number of first meetings, second meeting conversion rates) throughout their ramp-up period to identify issues and provide timely coaching.

9. Avoid Remote for Junior Sales

Work-from-home is problematic for junior salespeople because it slows down critical learning and coaching loops, making it harder to quickly improve their sales motion compared to in-person side-by-side training.

10. Embrace Sales Behaviors

Don’t be afraid of sales; it’s not magical or an innate talent. Getting good at sales behaviors will benefit you in many ways, even if you’re not a born seller.

11. Develop Quick Rapport Skills

Practice building rapid rapport with people in everyday interactions, like bartenders or baristas, to develop the skill of quickly establishing trust and connection with prospects.

12. Master Uncomfortable Questions

Practice asking good, follow-up, and even uncomfortable questions, including asking for money and then waiting for an answer, as these behaviors improve with repetition.

13. Persist Through Multiple Attempts

Recognize that most deals won’t close on the first attempt; persist through multiple interactions and pipeline cycles with prospects, as they may convert on subsequent tries.

14. Implement Written Job Screens

Use a written job screen (e.g., a Google Doc with biographical questions) for sales candidates to filter out unserious applicants, assess communication skills, and check attention to detail.

The thing that I just like to encourage founders and product managers or what have you is just don't be afraid of sales. There's a lot of people out there who would love to tell you a story that it's, you know, it's magical or like, oh, you got to be a born seller or things like that. And it's really not.

Pete Kazanjy

Never mistake your lead gen for your business.

Pete Kazanjy

If you're selling ice to an Eskimo, you're an asshole. Like what is wrong with you? They don't need ice.

Pete Kazanjy

Startups versus incumbents is a race between like, can innovation get to distribution before distribution can get to innovation?

Pete Kazanjy

The way that B2B organizations scale primarily is by adding more salespeople who then have customer facing meetings with prospects.

Pete Kazanjy

Sales Motion Iteration Process

Pete Kazanjy
  1. Engage with prospects and observe their questions and objections.
  2. Identify areas where the current message or collateral is insufficient (e.g., a question without a good answer or slide).
  3. Update the sales motion's 'source code' by creating new slides, refining talk tracks, or adjusting discovery questions.
  4. Implement the updated sales motion in subsequent interactions.
  5. Continuously repeat this process dozens of times to refine and improve the sales motion.

Job Simulation Written Screen for Hiring

Pete Kazanjy
  1. Create a Google Doc with about a dozen biographical questions (e.g., 'Tell me about something you've built that you're proud of').
  2. Provide candidates with edit rights to the Google Doc.
  3. Instruct candidates to complete the questions and notify when done.
  4. Filter out candidates who do not complete the screen, demonstrate low effort, or exhibit poor communication/attention to detail.
  5. Evaluate remaining candidates based on compelling communication and thoroughness.
15% to 25%
Target win rate for first meetings converting to customers A reliable conversion rate indicating a repeatable sales process before hiring a salesperson.
50 to 100
Number of attempts/at-bats to validate a repeatable sales process To ensure statistical significance and repeatability of the founder's sales efforts.
2 to 5
Number of customer-facing meetings per day for a salesperson An ideal activity level for effective selling, requiring constant context switching.
70%
Expected percentage of first meetings that get to a second meeting A leading indicator of success; if not achieved, the message or targeting may be off.
50%
Percentage of people who won't complete a written job screen Highlights the effectiveness of this screening method for filtering out unserious candidates.
10 to 300
Typical range of SDRs + AEs for Atrium's minimum ICP Organizations with this number of sales staff are ideal customers for Atrium's data-driven sales management software.