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Hedleston: Enterprise Software Renewals Are Won During Customer Onboarding

Russ Hedleston · a16z Podcast | When Organic Growth Goes Enterprise · Jan 2, 2019 · at 14:09

Russ Hedleston, co-founder and CEO of DocSend, explains how rapid customer engagement during onboarding directly drives account retention and expansion.

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“We always say you win the renewal when you do the onboarding and getting everyone really engaged quickly with an account really helps with expansion and renewal.”

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More from Russ Hedleston

Disclosure
Hedleston: DocSend increased prices and saw conversion rates go up
“We actually just increased the pricing and added a couple of new plans. And we thought the conversion would come down, but we'd make more money. What happened was that conversion went up. And we made way more money.”
Russ Hedleston Jan 2, 2019 ▶ 18:59 a16z Podcast | When Organic Growth Goes Enterprise
Disclosure
Hedleston: 42% of DocSend signups are word-of-mouth and 28% from shared links
“42% of our signups are still word of mouth. About 28% of our signups are from someone viewing a link and then getting interested in coming into the product.”
Russ Hedleston Jan 2, 2019 ▶ 4:01 a16z Podcast | When Organic Growth Goes Enterprise
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Russ Hedleston: Prioritize features spreading external awareness to accelerate viral loops
“You can kind reprioritize your product list based on How much it's going to spread awareness about your product outside of the company, which is a great lens for every company to use when thinking about trying to make these viral loops go faster.”
Russ Hedleston Jan 2, 2019 ▶ 16:51 a16z Podcast | When Organic Growth Goes Enterprise
Insight
Russ Hedleston: Max Out Paid Acquisition if Unit Economics Work
“And if you can get the unit economics anywhere near reasonable for paid acquisition, you should Probably put everything you can into that channel, knowing it's just a component of your overall strategy.”
Russ Hedleston Jan 2, 2019 ▶ 23:08 a16z Podcast | When Organic Growth Goes Enterprise
Disclosure
Hedleston: DocSend's first SMB account executive doubled her quota in month one
“We hired our first SMB AE and in her first month, we're like, we don't think she's going to sell anything. And she sold twice what the quota was supposed to be.”
Russ Hedleston Jan 2, 2019 ▶ 12:51 a16z Podcast | When Organic Growth Goes Enterprise
Disclosure
Hedleston: DocSend has used zero paid acquisition for its growth
“My two co-founders and I are all engineers and product people, and so we've basically used our product as the marketing engine for the company so far. We haven't done any paid acquisition.”
Russ Hedleston Jan 2, 2019 ▶ 22:07 a16z Podcast | When Organic Growth Goes Enterprise
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