The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 25 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Insight
Rosenberg: Never hire early sales leaders with big tech pedigree
“Harry, don't hire anybody from Google. Okay. Don't hire anybody that says on their LinkedIn, ex Google, ex Amazon, ex Facebook. Okay. When they put that on their LinkedIn, they're associating themselves with the success of the business. And it is almost imposs…”
Matt Rosenberg Oct 4, 2023 ▶ 14:10 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Hire ex-bankers or ex-consultants as your first sales leaders
“What you're looking for when hiring that sales executive is something very different. The first sales executive. And here's my point of view. You want to hire. An ex banker, an ex-consultant, an ex-lawyer. You don't even necessarily want to hire an ex-sales le…”
Matt Rosenberg Oct 4, 2023 ▶ 14:40 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Startup founders are too close to product to build sales playbooks
“They have superpowers in lots of areas, but my point of view is building a playbook ain't one of them. And let me explain. I think you need a level or a layer of abstraction to be great at building a playbook. Now founders are so close to their business. They'…”
Matt Rosenberg Oct 4, 2023 ▶ 11:05 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Early sales hires should collaborate rather than compete
“Not with your first two sales hires, not that early. You want collaboration, not competition. You want people to be able to experiment with each other and say, I asked this is the response I get, what do you think? This worked for me, does it work for you? You…”
Matt Rosenberg Oct 4, 2023 ▶ 20:28 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Early-stage startup products never sell themselves despite founder claims
“And as much as the founder who sells you into the job says, there's product market fit, we figured it out, it's gonna be glorious, all you have to do is work, walk into the market and it'll sell itself. Well, it never does. It just never does.”
Matt Rosenberg Oct 4, 2023 ▶ 6:41 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Custom 20% of a Sales Playbook Determines Success
“There's 80% of commonality. It's that 20% that actually is the difference between winning and losing, and that 20% of the playbook that you really have to build only once you get there, and you understand the business deeply, and you understand the process, th…”
Matt Rosenberg Oct 4, 2023 ▶ 8:02 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Early Startups Should Hire Sales Leaders Before Junior Reps
“I think you should be a sales leader. I really do. I mean, I think that the junior rep has a lot of success because they're figuring it out. They're the first one on the ground. And so you want to invest behind that person. The reality is you're trying to buil…”
Matt Rosenberg Oct 4, 2023 ▶ 16:00 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Blaming a CFO for a stalled sale means you failed
“I think it's a falsism to say my CFO is going to block. What that says is you haven't done a good enough job of showing the value and you haven't made it a priority for the organization.”
Matt Rosenberg Oct 4, 2023 ▶ 31:14 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Software sales discounts over 10 percent signal underlying pricing issues
“A discount is a concession, so you could start from a place of any discount you want to contain, because you really shouldn't discount your product if you're solving Customer issues and you're pricing it appropriately. But I would say like, you know, 10 to 15%…”
Matt Rosenberg Oct 4, 2023 ▶ 34:56 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Opinion
Rosenberg: Cold calling is dead because no one answers unknown numbers
“Yeah, cold call. Who picks up their phone? Like literally, who picks up their phone?”
Matt Rosenberg Oct 4, 2023 ▶ 49:30 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Matt Rosenberg: Sales is translation between buyer language and product strategy
“The challenge of sales is translation, right? You have to translate what you do in a way that the buyer can hear it. And you need to take the buyer's language and translate it back to the company in a way that company could hear it. That translation is what's …”
Matt Rosenberg Oct 4, 2023 ▶ 11:46 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: A startup's second sales hire must be in sales operations
“This is why I would say the second most important hire is get a great, great sales operations lead to partner with that person. Everyone always neglects sales ops. The sales ops is sitting in the background, figuring out the process, the motion, the stages. Th…”
Matt Rosenberg Oct 4, 2023 ▶ 17:56 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Early-Stage Startups Must Record and Collectively Review Every Sales Call
“There is no reason every call shouldn't be recorded. There is no reason that every call shouldn't be listened to together. If it's sales leader and two, three in a box in a room breaking down the call, it's like any athlete breaks down tape.”
Matt Rosenberg Oct 4, 2023 ▶ 21:48 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Matt Rosenberg: Sales deals are won or lost during customer discovery
“It always comes down to discovery and deals are won and lost. In discovery, right? I mean, it's just, it's very simple. You win a deal in discovery, or you lose your deal in discovery. Now, you may not realize you lost it, because bad discovery leads to very l…”
Matt Rosenberg Oct 4, 2023 ▶ 23:46 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Asking payoff questions reduces discounting and speeds deal closing
“That's the question that's always missed by salespeople. They're just so happy to hear something that they think they can sell against. That they move too fast. Slow it down and ask that payoff question, because if you truly understand what the value is of sol…”
Matt Rosenberg Oct 4, 2023 ▶ 25:40 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Reference Stories Reduce Sales Discounting by Building Urgency and Conviction
“Those reference customers make your net new acquisition a lot easier. And by the way, help you dramatically reduce discounting because when people hear the reference stories of all the benefit that they get from the solution, You essentially create the urgency…”
Matt Rosenberg Oct 4, 2023 ▶ 41:41 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Enterprise sales and PLG are fundamentally different business models
“Everything about enterprise versus product led is different. Language is different. Messaging is different. Positioning is different. Customers are different. Product is different. Pricing is different. It really is a very different business.”
Matt Rosenberg Oct 4, 2023 ▶ 44:32 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Launch enterprise sales when PLG is controlled, not perfected
“There's a point where you really understand your product-led motion, where it is Measured. It is calibrated. You know what dials to turn to be able to optimize spend against acquisition. You understand how to optimize retention. Your retention life cycle motio…”
Matt Rosenberg Oct 4, 2023 ▶ 46:00 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Cannibalization is the hardest issue in PLG-to-enterprise transitions
“It's a very hard one because cannibalization is the trickiest of all issues that you have to wrestle through.”
Matt Rosenberg Oct 4, 2023 ▶ 48:28 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Enterprise expansion stages require specialized compensation structures
“There are unique aspects of the same value chain, right, which is start all the way through expanding to the whole enterprise, but each of those things are different in and of themselves, complex in and of themselves, and do require A degree of specialization …”
Matt Rosenberg Oct 4, 2023 ▶ 49:02 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Opinion
Rosenberg: Gong executed an exceptional strategy in defining its market
“I think you'd have to look at Gong. I'm just amazed at what Gong's done. Now it's very common in my profession. Everybody records calls. Everybody breaks down the calls. Every sales leader leverages the application. So kudos to them for not only creating the t…”
Matt Rosenberg Oct 4, 2023 ▶ 51:27 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Insight
Rosenberg: Sales Is One of the Least Secure Performance-Driven Careers
“When you get into sales, you're probably in the least secure profession, because it really is a performance-oriented profession”
Matt Rosenberg Oct 4, 2023 ▶ 3:00 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Disclosure
Matt Rosenberg: Grammarly's CEO recruited me via a cold email
“I actually came to Grammarly in the most unusual ways. I got a email, a cold email from the CEO of Grammarly, and the CEO of Grammarly reached out to me with a very precise message. His interest in talking to me Because of a number of different reasons based o…”
Matt Rosenberg Oct 4, 2023 ▶ 38:53 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Matt Rosenberg: One third of Fortune 500 companies deploy Grammarly
“A third of the fortune 500 use and deploy Grammarly today.”
Matt Rosenberg Oct 4, 2023 ▶ 42:28 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
Assertion Supported
Rosenberg: Eventbrite was a $30M PLG company before adding enterprise sales
“Eventbrite was a thirty million dollar product led growth company.”
Matt Rosenberg Oct 4, 2023 ▶ 44:23 Matt Rosenberg: Why You Should Not Hire Sales Leaders From Big Companies | E1068 · 20VC with Harry Stebbings
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