Gusto

“On the other side if you are obsessed with every single piece of feedback that people give you, you're going to build a Frankenstein and it's going to be just a random sort of feature.”

“Originally we thought that it's going to take us longer to go to accountants than what actually happened. We thought it would be like a year three, four, five sort of thing. And we ended up probably at year two, starting working with accountants pretty serious…”

“Here's the ratio between number of customers to number of operations slash CX folks. Since really the beginning, I remember this very, very first spreadsheet that we had, and that was a goal. And every time we made decisions, like a lot of product decisions or…”

“And once we started doing that, what we noticed that people start using our 10, 99 kind of contracts or payments a lot, but for another reason, another way they use it to actually pay vendors. And we didn't think about that. That was not a use case. So started…”

“So for the very, very first customers, there was no UI yet. Like some UI was not built yet. So the UI was me. So literally I would come in to your office and say, all right, Seema, I see you want to onboard two employees and one contractor. We have the UI for …”

“We saw that, you know, the unit economics here, like just the amount of revenue per customer is going to be low compared to enterprise and high compared to consumer. So you can't put sales you can't just rely on sales for acquisition, right? So it had to be se…”

“Whether it's like literally taking pictures of ourselves in suits and put that in the team page. So we don't look like super young”

“So the go to market side we only added sales later on in the process. So only after, so that's like, I think it's year three or four. So earlier on, it was completely just self-serve and people could call us and they will talk with, you know, either me or the,…”

“Whether it's me literally every day going into a room, closing the door and picking up a Yelp page, like hairdressers in San Francisco, and then closing the door, looking at the clock, I have one hour and I'm not going to leave this room until I call for a who…”

“So for us, it was so small. You wouldn't believe it was just California companies who only, who have salaried employees only. So no hourly employees, Who have, you know, no benefits or any other deductions from their payroll. And it's their first payroll ever.”

“It's really important for these initial customers for you to feel like you, they, you can spend time with them. You can watch them as they use your product.”

“Gusto is valued at almost ten billion dollars and serves over 300,000 businesses by simplifying payroll, benefits, and HR.”

“Looking backwards, I underestimated the importance of focusing on people who are really, really passionate about helping you succeed. And by that, they're going to spend a lot of time with you, giving you the raw customer feedback that you need in order to fig…”

“Accountants are a big part of the decision Process for small businesses often. And we, if accountants believe in gusto, then that can help their small businesses also believe in us.”

“These initial customers are your seed for your word of mouth and everything flows from there. So to do that, you need to be very, very selective on a small sub segment of target customer.”