Khadim Batti is the co-founder and CEO of Whatfix. He describes unconventional organizational and workplace management decisions at Whatfix.
Insight
Batti: Speed to first $1 million in revenue does not matter
“I think it doesn't matter my personal, that's my personal opinion, it doesn't matter how, how fast you get to first million, because you're figuring out the product market, right? You might have to do one pivot, two pivot, you need to find out the right segmen…”
Disclosure
Batti: Whatfix abolished corporate titles to end tenure-based promotion expectations
“We abolished designations. Because what happened, everybody was asking, I have spent two years in my position. I want to get promoted. Now spending two years in your position doesn't mean you need to get promoted. Promotion means you need to take more ownershi…”
Insight
Batti: Macro factors barely affect early SaaS growth but dominate at scale
“When you're doing, let's say, one, two, three, three, two, nine, that initial journey, I think generally, 99% of the times, I think your time is not a problem, because I think you have enough headroom, enough room to grow. It doesn't matter how the industry is…”
Assertion Supported
Batti: Public SaaS sales efficiency magic numbers have fallen to 0.5
“So one simple metric like sales and marketing efficiency, magic number. I think, 20, 20, 21, 22, I think if you guys have track, it was like.73, point, even eight range. That means every dollar you spend on sales and marketing, you get .7 back net. Today, if y…”
Insight
Batti: New category creation enables remote, inbound enterprise SaaS sales
“It's a new category, has a potential of landing in, even into large enterprise. In this case, even inbound might work. There's a potential wherever you're sitting globally because you're solving a problem, which is actually people are trying to solve with the …”
Disclosure
Whatfix removed account expansion quotas from its customer success team
“We changed that success guys will only focus on NPS, ROI, business reviews, quarterly business reviews, and renewals. That's it. No expansions. Even if it happens, give it to sales guys. Your core KPI is this.”