Sterling Snow

14 statements across 2 episodes · 11 bullish · 1 bearish · 1 people on the record · first statement Nov 17, 2022 by Sterling Snow · said 2 times in 2 episodes since 2023 · across every show →

On the record as a speaker too: Sterling Snow's record, appearances and statements → this page counts the times other people say the name.

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brought up most by Jason Lemkin (2)

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Everything said about Sterling Snow, oldest first

Nov 17, 2022 negative
Insight
Snow: Competing on economic incentives inevitably triggers a race to the bottom
“It's hard not to race to the bottom if your value is built on on either one of those like underlying economic factors.”
Sterling Snow Nov 17, 2022 ▶ 11:39 SaaStr CRO Confidential: Founders Fund Partner Sam Blond + Divvy CRO Sterling Snow
Nov 17, 2022 positive
Assertion Not checkable as stated
Snow: Divvy reduced CAC by 75% after COVID caused a 30% drop
“And for our business, we immediately, you know, revenue drops 30% overnight, and so we get, we got thrust into that efficiency mindset for just a second during COVID, and then it obviously went crazy again, but during those moments, we had an initiative that r…”
Sterling Snow Nov 17, 2022 ▶ 24:45 SaaStr CRO Confidential: Founders Fund Partner Sam Blond + Divvy CRO Sterling Snow
Jul 5, 2023 positive
Disclosure
Divvy compensated marketing on closed-won revenue, not MQLs or SQLs
“Marketing, we didn't talk about MQLs or SQLs. We actually talked about closed one new dollars. That's how marketing Was measured. That's how they were promoted and compensated, bonus, all of those kinds of things.”
Sterling Snow Jul 5, 2023 ▶ 8:37 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 positive
Insight
Snow: Shared revenue targets must take priority over channel lead attribution
“The first thing you have to do is to make that matter just a little bit less. Make it more about the overall goal that you're chasing together than about what portion of this is marketing source? What portion of this is coming from outbound? What portion of th…”
Sterling Snow Jul 5, 2023 ▶ 38:50 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 neutral
Disclosure
Divvy measured brand marketing performance by total organic revenue
“Brand would have a number and their number was the organic number. Okay. So like I'm saying, okay, you want credit for basically everything. That's fine. The organic number, right? So everything we didn't use performance marketing dollars for that starts to th…”
Sterling Snow Jul 5, 2023 ▶ 37:44 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023
Insight
Snow: Initiatives without an assigned name and number will never happen
“A phrase that we circulated all the time was if it doesn't have a name next to it, and it doesn't have a number, it's not going to happen. Just book it. Like, it will not happen. It is a pipe dream.”
Sterling Snow Jul 5, 2023 ▶ 19:25 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 bullish
What-if
Divvy could have added billions to its $2.5B exit with earlier lessons
“If I could go back to that moment in, in 2018, with everything that, that we've learned along the way, we could have added more, we could have added a couple billion more dollars, I believe, to that eventual exit.”
Sterling Snow Jul 5, 2023 ▶ 0:56 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 positive
Assertion Not checkable as stated
Divvy raised annual revenue targets 12 times in a single year
“When we would focus on a four week interval, we had years where we got to raise our annual target 12 times. And that allowed us to grow much faster than if we had operated in any other way.”
Sterling Snow Jul 5, 2023 ▶ 14:20 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 positive
Insight
T3B3 feedback frameworks must be bilateral between managers and direct reports
“Now, there's a trick to T-three, B-three. You not only do it for your direct reports, you have your direct reports do it for you. So it's bilateral, ok?”
Sterling Snow Jul 5, 2023 ▶ 17:15 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 positive
Insight
Operating on a monthly cadence gives startups 12 chances to beat targets
“If your business today runs on quarters, figure out how to run it in months. You give yourself 12 chances To beat and raise, you give yourself 12 chances to correct mistakes, you give yourself 12 chances to have a higher growth rate at the end of the year.”
Sterling Snow Jul 5, 2023 ▶ 29:38 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 positive
Insight
Snow: Great marketers embrace revenue quotas while bad marketers flee them
“In my experience great marketers love that, and bad marketers run away from that very, very fast. Like, I talk about it a ton in the interview, like, hey, this is how we structure it, and you know, you're gonna be a demand gen person here, and like, this is ho…”
Sterling Snow Jul 5, 2023 ▶ 36:52 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 positive
Insight
Startups missing targets must immediately shorten operational reporting to daily cadences
“If something is getting really hard, If you're behind, you need to shorten the cycle even more. So if you're forecasting and you're saying, Hey, I don't think we're going to get there in, in whatever time period you've chosen. We're not going to get there this…”
Sterling Snow Jul 5, 2023 ▶ 29:58 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 positive
Disclosure
Divvy tied sales compensation to customer implementation success, not just logos
“Sales. It wasn't just on new logos. It was based on what they did during their first 90 days of implementation.”
Sterling Snow Jul 5, 2023 ▶ 8:51 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
Jul 5, 2023 positive
Insight
Pushing GTM accountability one stage deeper aligns behavior and accelerates growth
“We would force, we would push everybody's accountability one step deeper in the funnel, because what does that do? Well, automatically, now that, that sales rep who has responsibility for what goes on when they're at the next stage of the funnel and implementa…”
Sterling Snow Jul 5, 2023 ▶ 9:02 Go to Market Strategies That Led To Divvy's $2.5B Exit with Divvy’s Former CRO, Sterling Snow
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