Everything Chad Peets said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Peets: Anthropic will reach a $4T to $5T valuation
“I think Anthropik's a four or five trillion dollar company.”
Chad Peets says Anthropic is inflating the executive compensation bubble
“Anthropic is, is inflating that bubble. Not that they're doing anything wrong. They just have so much money they can spend. And so they are setting benchmarks that the rest of the market is trying to keep up with.”
Peets: Continental European tech sales talent lacks required work ethic
“I just think it's hard to find the types of people harder, I should say to find the types of people, particularly outside of the UK in Europe that are willing to put the effort in that I think is required to be successful. I just think it's challenging.”
Peets: Sales reps from ServiceNow cannot generate pipeline
“Why would you want to hire people from ServiceNow? They don't know how to do any pipeline generation.”
Peets: Chief Revenue Officers are receiving $100M compensation packages
“I know CRO's getting a hundred million dollar packages.”
Peets: Tech companies deploy forward engineers to cover for weak core products
“I mean, I know a lot of people that think forward deployed engineers simply make up for a shitty product. There's, and there's something to that, right? I mean, like, look, you're basically, and I won't mention companies here, but there's big companies out the…”
Chad Peets: Doubling ARR from $50M to $100M isn't enough today
“Going from 50 to a 105 years ago, everybody would be super excited. Today you go from 50 to a hundred a year, and you might go out of business.”
Peets: Sales reps will not learn great sales skills at Anthropic
“If you're talking about learning how to be a great salesperson, I don't think you're going to get that, Ananthropic.”
Peets: Anthropic offered sales reps $1.2M compensation packages
“Like if Anthropic, for example, when they were at their three 80 valuation, they were offering reps, call it a 1,000,002.”
Peets: Current tech sales compensation models are fundamentally unsustainable
“What salespeople are currently being paid today is not sustainable. You cannot pay salespeople this amount of money and have a company that's cashflow positive and so on and so forth. Right now, nobody cares because there's so much funding out there and they'r…”
Peets: Databricks is not worth 2.5x Snowflake's $55B market cap
“Snowflake today is worth what? Fifty five billion. So is somebody going to make the argument to me that Databricks is worth two and a half times snowflake? You are, nobody's making that argument to me.”
Peets: Healthy Sales Orgs Must Attrit Bottom 10% Annually
“Every, every healthy sales organization should be attrating the bottom 10% every year. You should be getting rid of 10% of your sales force every year.”
Peet: Recruiting competitor reps for domain knowledge yields weak sales teams
“Your competitors likely have a bunch of C players, so you want to go hire C players simply because they know the space? Ok, that's a short-term solve. Basically what you're solving for is you want to reduce ramp time, you want them to be able to get enabled fa…”
Chad Peet: High-Stakes Enterprise Sales Will Always Require Human Reps
“I just don't subscribe to that theory. If I'm gonna sell a CIO, a CTO, some C-level executive a solution for millions of dollars, and if that solution fails, he's gonna lose his job, and so are a bunch of other people, and it's gonna have a very serious negati…”
Chad Peet: Inside sales teams must be in office five days a week
“Inside sales is, your sales leader is in the office five days a week, and the inside sales reps have to be sitting there. Have to be. So inside sales is an in-office deal. And there could be no exceptions in my opinion.”
Peet: Sales teams should fire the bottom 10% of reps annually
“You should be shooting the bottom 10% of your sales organization every year.”
Chad Peet: Fired sales reps in France and Germany stay on payroll for a year
“Go to Germany and France, I can't fire people. Like, dude, they're on, I, they'll be on the books for a year after you want to get rid of them.”
Peet: No Company Can Compete With xAI on Compute Infrastructure
“Ultimately, this is going to come down to compute, and there's nobody going to compete with us in compute.”
Startups Must Hire a CRO Pre-Product to Build Sales Playbooks
“We bring in a CRO pre-product. You need a salesperson to create the sales playbook.”
Peets Refuses to Hire Inside Sales Reps Unwilling to Commute
“If a sales inside salesperson is not willing to make the sacrifice of a 30 minute commute every day to further his own career, I don't want that person.”
Non-Sales Stakeholders Should Never Interview Prospective Sales Reps
“If you're going to be in my interview process, you are either uniquely qualified to qualify, or you are uniquely qualified to sell. If you are not one of those two things, you are not getting into the interview process.”
Startup Reps Who Join Legacy Tech Will Never Be Recruited Again
“You went to IBM for five years. We're never talking. I'm never recruiting you. Not because you're not a good rep, because by that move, I know what I need to know. You're done with, you don't want to do the heavy lifting anymore.”
Peets rejects sales reps unwilling to make a 30-minute commute
“If a sales inside salesperson is not willing to make the sacrifice of a 30 minute commute every day to further his own career, I don't want that person.”
Sales leaders, not founders, must build a startup's initial sales playbook
“I don't want to say it's BS. I think it's backwards. You need a salesperson to create the sales playbook.”