Scott Beechuk, partner at Norwest Venture Partners and former Salesforce executive, shares how an unconventional direct-mail outreach tactic successfully engaged him.
“So, a series of meetings, one thing led to another, and we, he closed a multi-million dollar deal. Not bad for a 50 dollar apple pie.”
quote is from the automated transcript, cleaned for reading:
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More from Scott Beechuk
Insight
Beechuk: Put engineers and product staff on customer calls during downturns
“Retool your brain to think of every employee in your company as a lightweight customer success or account executive. What does that mean? It means that engineers, product people, back office folks can be on the phone with customers.”
Scott BeechukNov 3, 2022▶ 14:18Increasing Runway Without Sacrificing Growth with Norwest Venture Partners and Andreessen Horowitz
Insight
Beechuk: SaaS Companies in Downturns Should Cut Bottom 75% of Pipeline
“Now is the time to focus on those top 25% of accounts that are most likely to close and throw out the other, the bottom 75%.”
Scott BeechukNov 3, 2022▶ 22:05Increasing Runway Without Sacrificing Growth with Norwest Venture Partners and Andreessen Horowitz
PredictionNot checkable as stated
Beechuk: SaaS sector may face period of near-zero new logo growth
“We may be entering a period of very, very low to no new logo growth.”
Scott BeechukNov 3, 2022▶ 13:55Increasing Runway Without Sacrificing Growth with Norwest Venture Partners and Andreessen Horowitz
Insight
Beechuk: Retrofitting SaaS into PLG takes quarters or years and often fails
“In fact, if you try to jackhammer your own product to become a PLG product, it could take you quarters or years. You may never get there. In fact, maybe you shouldn't ever get there. Not all companies were designed to be PLG companies.”
Scott BeechukNov 3, 2022▶ 18:32Increasing Runway Without Sacrificing Growth with Norwest Venture Partners and Andreessen Horowitz
AssertionNot checkable as stated
Beechuk: Desk.com customers were only using 5% of built features
“We also found out, this was a little bit more shocking, that most customers were only using about five percent of what we built.”
Scott BeechukNov 3, 2022▶ 15:38Increasing Runway Without Sacrificing Growth with Norwest Venture Partners and Andreessen Horowitz
Insight
Beechuk: Selling to former customer champions at new jobs shortens sales cycles
“So, in a downturn, do more of hunting down your old customers and new jobs. You can really reduce your sales cycle.”
Scott BeechukNov 3, 2022▶ 26:11Increasing Runway Without Sacrificing Growth with Norwest Venture Partners and Andreessen Horowitz
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