David Cancel, Founder and CEO of Drift, discusses the evolution of sales and marketing software during a fireside chat with FirstMark's Matt Turck at Data Driven NYC.
“I think the reality that we're in, especially in the, in our context where we are in sales and marketing software right in the world of Salesforce and all those kinds of tools is like the re the idea that you need 50 to a hundred tools, which is not an exaggeration. If you think it's an exaggeration, you should spend time and audit. The actual expenses of your teams, no matter how small or big, 50 to a hundred tools that are loosely coupled together that are passing data or sort of trying to pass data using Zapier, MuleSoft, et cetera, Trey.io, a million other tools and an entire business operations team that is dealing with that thing. If you think that is the future of software, I think you're mistaken. I disagree with you. I don't think that's the way the world is going.”
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More from David Cancel
Opinion
Cancel: Traditional CRMs reliant on manual human data entry are insane
“Again, like this idea that we have today of a CRM or centralized place for, to keep all this information is a pretty insane system, right? This idea that humans enter things into one big ledger and they have to enter it in a certain format and all those humans…”
David CancelSep 25, 2020▶ 24:04Fireside Chat: David Cancel (Founder & CEO, Drift) with Matt Turck (Partner, FirstMark)
Insight
Cancel: COVID-19 accelerated digital transformation in Drift's market by 10 years
“We believe that we've seen a 10 year acceleration in digital transformation in our market easily.”
David CancelSep 25, 2020▶ 36:03Fireside Chat: David Cancel (Founder & CEO, Drift) with Matt Turck (Partner, FirstMark)
PredictionNot checkable as stated
Cancel: B2B shift to online sales channels will permanently persist post-COVID
“I think that behavior change won't go back. And so some of it will go back, but from an efficiency standpoint, it's too efficient and the incentives are set up for companies to continue to go that way.”
David CancelSep 25, 2020▶ 41:43Fireside Chat: David Cancel (Founder & CEO, Drift) with Matt Turck (Partner, FirstMark)
AssertionNot checkable as stated
Cancel: Legacy CRM architectures like Salesforce were not built for real-time interactions
“And most systems, again, when we think about all those systems, whether you could put together all the sales forces you want and all the add ons and the 50 to a hundred tools that people put on top of those existing systems today, none of them were built for a…”
David CancelSep 25, 2020▶ 13:39Fireside Chat: David Cancel (Founder & CEO, Drift) with Matt Turck (Partner, FirstMark)
Insight
Cancel: A market without competition usually is not a real market
“Most of the time a market that has no competition is not a market.”
David CancelSep 25, 2020▶ 29:25Fireside Chat: David Cancel (Founder & CEO, Drift) with Matt Turck (Partner, FirstMark)
AssertionNot checkable as stated
Cancel: B2B sales control has shifted entirely from sellers to buyers
“We were moving from a world where the company controlled the buying process, largely in the B to B space to a world where the buyer had all, all the control.”
David CancelSep 25, 2020▶ 6:39Fireside Chat: David Cancel (Founder & CEO, Drift) with Matt Turck (Partner, FirstMark)
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