The Ledger

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Insight
Building sales teams too early makes adding PLG later extremely difficult
“If your PLG motion is figured out, but the PLG, if you miss it, and if you build the sales teams too early, it's very hard to build later.”
Zhenya Loginov Jun 22, 2022 ▶ 4:16 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Startups should reject enterprise deals that distract engineering from core products
“If you know that you're gonna need to build a lot for this particular customer that is outside of your normal product roadmap, and that would detract your engineering product resources from building the core product, I wouldn't do it. It's very hard to say no …”
Zhenya Loginov Jun 22, 2022 ▶ 5:15 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Assertion Not checkable as stated
Dropbox failed in enterprise due to a lack of top-down commitment
“And I think this lack of that level of commitment early on, I think at Dropbox was what plagued us. You know, we had wonderful, fantastic go-to-market leaders at the company, but we just had them, like each one came for, you know, a couple of years and then le…”
Zhenya Loginov Jun 22, 2022 ▶ 6:24 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Opinion
Asana and Dropbox were too late adopting enterprise sales over PLG
“I would argue actually that companies like Asana or Dropbox were a little too late into enabling the enterprise motion on top of PLG.”
Zhenya Loginov Jun 22, 2022 ▶ 14:54 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Self-serve revenue teams belong in product engineering, not sales
“I think that the self-serve team is fundamentally a product team first and foremost, and it needs to be a product engineering team and sit within the product organization to be actually able to build the experiences for the customers on that enable PLG.”
Zhenya Loginov Jun 22, 2022 ▶ 18:13 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Startups should expand internationally at $20M-$30M ARR, not $100M
“I think at Dropbox we launched the first region outside of the US when we were over a hundred million in ERR, and I think that frankly was too late. I think you can start doing this when you are at about 20, thirty million because it just takes a very long tim…”
Zhenya Loginov Jun 22, 2022 ▶ 55:54 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Loganov: New sales leaders should meet engineering before their own sales reps
“So if you're a head of sales, You don't go and talk to your salespeople first. You go and talk to your head of engineering or key engineering product leaders, because if you truly as a head of sales, you are going to need to work with them for the company to b…”
Zhenya Loginov Nov 16, 2022 ▶ 17:26 20 Sales: The Ultimate Guide to Sales Onboarding for New Sales Reps and Sales Leaders, The Biggest Red Flags in the First 30 Days & What Can Be Done to Set Them Up for Success with Leaders from Figma, Dropbox, Miro and more.
Insight
Logvinov: Founders shouldn't write initial sales playbooks for hires
“I think if the founder sort of hires salespeople who he gives the playbook to that the founder developed, it's going to be less effective and less efficient than if Founder brings in the person and lets them create something that they would feel ownership over…”
Zhenya Loginov Jul 27, 2022 ▶ 15:01 20VC: The Memo: What is a Sales Playbook? Does the Founder Need to Create It? Should the First Sales Hire Be a Leader or a Rep?
Insight
Logvinov: Hire a head of sales at $1M revenue or initial deals
“After you close to either several deals, or maybe you are up to maybe one million in revenue, it is time to hire your first head of sales.”
Zhenya Loginov Jul 27, 2022 ▶ 16:15 20VC: The Memo: What is a Sales Playbook? Does the Founder Need to Create It? Should the First Sales Hire Be a Leader or a Rep?
Insight
Founders should not write their startup's first sales playbook alone
“No, the founder shouldn't and it's better that, that they're not. So of course the founder is the most, most often the first seller and most often you know, and they need to link the sales playbook to the vision of the product and the company they want to buil…”
Zhenya Loginov Jun 22, 2022 ▶ 11:04 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
High-growth startups should hire leaders who only know 70% of the job
“I think first and foremost, I'm looking for people who have not done the job before. So I usually, instead of sort of hiring people who have the experience, who have done exactly the same role before, which sometimes is appropriate, but for most roles, especia…”
Zhenya Loginov Jun 22, 2022 ▶ 20:50 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Reject resumes that lack any single must-have hiring criterion
“The second step is as a hiring manager, I try to have very clear must have criterias. Three to five must have criterias for the role. And I ruthlessly decline candidates who don't meet at least one of those criterias on the resume stage.”
Zhenya Loginov Jun 22, 2022 ▶ 25:34 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Interview panels cannot set the hiring bar for candidate selection
“It's only the hiring manager who really, really sets the hiring bar and your panel will not be able, your panel doesn't exactly know what you're hiring for.”
Zhenya Loginov Jun 22, 2022 ▶ 29:39 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Opinion
There is no special breed of product-led growth salespeople
“I don't think that there is a special breed of, you know, PLG salespeople. I think that, you know, say a great salesperson is a great salesperson.”
Zhenya Loginov Jun 22, 2022 ▶ 33:53 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Almost any experienced candidate can sound impressive in a 45-minute interview
“Nearly everybody who has like, good experience have about 40 minutes to an hour talk track that they can give you that looks impressive, right?”
Zhenya Loginov Jun 22, 2022 ▶ 36:39 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Executive leadership hires should not have deliverables in their first month
“So what I try to do for every leadership hire that I make I try to free up their first months as much as possible. Like, I try to create a situation where they don't need to deliver anything in the first one months.”
Zhenya Loginov Jun 22, 2022 ▶ 38:03 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
New sales heads should meet engineering leaders before their own sales reps
“So if you're a head of sales, you don't go and talk to your sales people first. You go and talk to your head of engineering or key engineering and product leaders, because eventually as a head of sales, you are going to need to work with them for the company t…”
Zhenya Loginov Jun 22, 2022 ▶ 38:39 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Executive performance feedback must prioritize extreme directness over personal feelings
“Anybody in the leadership role, their role is just too important, a lot more important than, you know, person's feelings or the process that you need to follow. And I try to lean as direct as possible. So like radical candor to the extreme, right? So you care …”
Zhenya Loginov Jun 22, 2022 ▶ 43:43 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Loganov: CEOs should ask existing reps for direct feedback on new sales hires
“And your job as the CEO is actually to make sure that you go and practically ask them, ask all of your team members, how do they feel about the new hire? What is the value that the new hire is delivering already? How is the new hire helping them up level and d…”
Zhenya Loginov Nov 16, 2022 ▶ 20:22 20 Sales: The Ultimate Guide to Sales Onboarding for New Sales Reps and Sales Leaders, The Biggest Red Flags in the First 30 Days & What Can Be Done to Set Them Up for Success with Leaders from Figma, Dropbox, Miro and more.
Insight
Logvinov: Hiring a sales leader frees bandwidth, junior reps consume it
“The junior rep will consume bandwidth from the founder, and the founder will need to spend time on those first few reps to enable them, to support them, to show them what to do. And the head of sales will instead create bandwidth that the founder can use to go…”
Zhenya Loginov Jul 27, 2022 ▶ 16:21 20VC: The Memo: What is a Sales Playbook? Does the Founder Need to Create It? Should the First Sales Hire Be a Leader or a Rep?
Insight
Figuring out PLG plus enterprise sales takes three to four years
“Enterprise takes multiple years to build. So even if you start today, it's not going to be until, you know, maybe three years, four years from now that you really figured out how to be a PLG plus enterprise company.”
Zhenya Loginov Jun 22, 2022 ▶ 3:09 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Opinion
PLG plus enterprise is the best long-term software business model
“In the long run, I think the best business model that you can have is PLG plus enterprise.”
Zhenya Loginov Jun 22, 2022 ▶ 3:45 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Enterprise expansion requires CEO-led commitment across engineering and culture
“Going into the enterprise is a commitment for the entire company that starts with the CEO and that needs to take the entire, not just the go-to-market teams and sales teams, but the entire like marketing and engineering and product and the entire culture of th…”
Zhenya Loginov Jun 22, 2022 ▶ 5:49 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
A comprehensive sales playbook spans customer, team, and market levels
“I feel like I think about sales playbook on three different levels. The customer level, team level, and market level. So customer level for me is all about the problem and the solution. So the question is like, what problem are you solving? Who are you solving…”
Zhenya Loginov Jun 22, 2022 ▶ 9:10 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Startups should hire their first head of sales at $1M ARR
“After, you know, you closed either several deals or maybe you are up to maybe one million in revenue it is time to hire your first head of sales.”
Zhenya Loginov Jun 22, 2022 ▶ 13:21 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Founders should interview ten established sales leaders before hiring their first
“If you are hiring your first head of sales, and if you know, have no idea how to hire head of sales, like, and what they should be doing, go and talk to Tan heads of sales who you may possibly maybe not be able to hire much larger companies, right, for not loo…”
Zhenya Loginov Jun 22, 2022 ▶ 22:01 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Assertion Supported
Dropbox co-founder Arash Ferdowsi interviewed every employee until 500+ headcount
“At Dropbox, we had this initiative to try to replace our final interviewer for a very long time has been the co-founder. Arash has been the co-founder. He interviewed every single person of the company until we were like 500 plus people.”
Zhenya Loginov Jun 22, 2022 ▶ 31:50 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Strategy-focused sales hires who miss early results are a major red flag
“If you don't see any results delivered in the first three months, if you see the person sitting and figuring out quote unquote strategy and drawing charts and not meeting customers and you know, not delivering anybody for the early sales team in the first thre…”
Zhenya Loginov Jun 22, 2022 ▶ 41:09 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Deal reviews should educate the surrounding team, not just the rep
“I think the purpose of the deal reviews is primarily for your sales team to learn what to do well and what not to do well. I think your audience for the deal review is not the person who did the deal, but all the people around.”
Zhenya Loginov Jun 22, 2022 ▶ 44:58 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Evaluating personal performance in deal reviews leads to performative updates
“I think the biggest one is when salespeople feel that it's like any adversity in the deal review. When the deal review for the salesperson is like a review of their personal success, then it becomes a show. They become defensive. They show you only the things …”
Zhenya Loginov Jun 22, 2022 ▶ 46:48 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Dunbar's number (150 people) is a company's biggest scaling breakpoint
“The biggest one actually is about 150, the Dunbar number when you as a person, as a founder, as a leader start to not know every single person in your team and start to lose the ability to control every single thing that happens at about 150 people. That actua…”
Zhenya Loginov Jun 22, 2022 ▶ 54:29 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Insight
Hiring overseas regional heads is five times as critical as HQ hires
“Yeah, I think also the biggest learning for me is that is actually in hiding is, you know, hiding a person who sits across the ocean from you is kind of five times as important as the person who sits in the same office. It's just because it's hard to notice wh…”
Zhenya Loginov Jun 22, 2022 ▶ 56:21 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
Assertion Not publicly verifiable
Dropbox analyzed its entire interview database to identify top hiring bar keepers
“The way that we wanted to find people who could potentially replace Arash, we analyzed who said no more often and who was right in the hiring decisions more often. Like we took the entire database of our interviews for the company, and then we found those two …”
Zhenya Loginov Jun 22, 2022 ▶ 32:03 Mire CRO Zhenya Loginov: Hiring Tips for Sales; Why Dropbox Lost Enterprise | 20VC #900 · 20VC with Harry Stebbings
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