Kiva Kolstein & Ian Faison 41 min

Tell a Story with Your Data


On this episode, Kiva will describe the importance of breaking down marketing silos while building a strong RevOps team.



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[MUSIC]

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>> Welcome to Rise of RevOps.

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I'm Ian Faiz on CEO of Cast Me in Studios.

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Today I am joined by a special guest, Kiva, how are you?

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>> I am good. Thank you for having me.

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I'm happy to be here.

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>> Yeah, super excited to chat about

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AlphaSense, a lot of cool stuff that y'all are doing from a revenue perspective

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Of course, we're going to talk about revenue operations and everything in

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between.

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So, starting off, what is your definition of RevOps?

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>> My definition of RevOps, RevOps is about bringing teams together.

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It's about breaking down silos.

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It's about aligning everyone toward a common goal, revenue growth.

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And what RevOps is responsible for to some extent is orchestrating

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this seamless collaboration between sales and marketing and customer success.

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And all of that is fueled by data.

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And so providing all of those teams, all of those leaders,

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the data that we need to inform all the decisions that we make.

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>> I love it. That's great.

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We might have to put that on as the opening of the show.

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I think you saw it.

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Taking a step back, what does AlphaSense do?

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>> The easiest way to understand AlphaSense is we're a Google for business.

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But what we really do is we're an AI powered search engine

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that sits on top of tens of thousands of sources of content

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that was previously found in lots of different places.

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In this one platform, content like sell side research from every bank and

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SEC and global filings, earnings call transcripts, transcribed expert calls,

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press releases, news, all of this content sits in this platform,

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layered upon which is an AI powered search engine that enables you to find

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the very specific thing that you're looking for more quickly than you would

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if you were using any other tool.

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>> One of the things as we're prepping for this interview,

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which was super exciting for me because I knew of AlphaSense for a little while

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is that you'll have a cool free trial.

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So our listeners can just go try a free trial to learn what we're talking about

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And I didn't know that before we were doing our research for the bot.

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>> Have you tried it?

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>> No, I'm going to do it after this.

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>> Yeah, I'll know.

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We'd love to have you try the platform and engage with a seller.

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>> I know, I'm super excited.

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It speaks to the importance of data.

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It speaks to how much content is out there,

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how many different sources are out there, and

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how important getting insights is.

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And that's like you said, that's what RevOps really does is finding the truth

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from the chaos.

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>> Well, I'll tell you, it really is an interesting time you're working for

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a company like AlphaSense.

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If you think about it 100 years ago, we were living in the industrial age with

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an economy built around manufacturing.

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Today we're living in the information age with an economy built around

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information.

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And so a tool like AlphaSense that organizes all of this information that is

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available to all of us all the time is a really cool and exciting place to be.

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>> And it's a cool and exciting RevOps problem.

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I'm curious to hear how you're taking it on.

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How have you organized your RevOps team and what is your approach?

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>> So the RevOps team is now 17 strong.

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>> Wow.

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>> And we split them between presales, sales and post sales.

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So presales, everything from top, top, top of the funnel,

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all the way through to the initial inquiry.

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Then we've got a team that's responsible for

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measuring every facet of our pipeline.

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And then a team that's responsible for all of our existing clients.

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So once you become a client, we're a land and expand business.

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So we want to understand how quickly we grow within our client firms.

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And of course, renewal and referral.

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And so that's how the team is organized.

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They specialize in one of those three sections.

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>> And how do you think about building this team as a CRO?

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Because we've talked to certain CROs that definitely don't have a 17 person

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RevOps team.

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Clearly it's something that I think you're more on the cutting edge of.

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>> They're crucial to our success.

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They inform everything that we do.

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But I'd also say they're a secret weapon.

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I think there are sort of two secret weapons in scaling a global sales

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organization.

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The two are sales enablement and RevOps.

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And of course here we're talking about RevOps.

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But to me, there isn't a decision that I make without being informed with data

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from

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the RevOps team.

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And so like I mentioned, they measure every facet of the business.

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They're feeding me, not just the information every single day, but

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every sales manager, every individual contributor.

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So that each of us has a really developed understanding of the business that we

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're

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running and can press the gas pedal down or pull it up based on what we're

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seeing.

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What we're seeing by geography, what we're seeing by vertical, subvertical,

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persona, the velocity of opportunity as it moves through a funnel.

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Macro economic impact on one portion of our business.

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Anyway, it informs sort of everything that we do, our hiring plan, entering new

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markets, bolting on new products.

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The team has grown alongside the revenue organization.

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We're now 500 strong.

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Wow.

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And so we weren't always a 17 person RevOps team.

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But that is the team that I believe is required, the size of the team,

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to support our business in the way that we need it.

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Yeah, it's really cool and it's really interesting.

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I should also add that your 500 person team is also growing and

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you're hiring right now.

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So for our listeners who are looking for the next role in revenue,

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Q is hiring.

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But yeah, it's really interesting to me because I think you have this shift

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from just the folks that were just doing things, knocking stuff out day to day,

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the sort of more ticket taking type mentality.

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And now you have this sort of like elevated go to market strategy and

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operations, blending with RevOps, like where does one start?

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Where does one end?

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What do you feel like is RevOps getting a more strategic role in

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addition to the tactical role?

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I think it should.

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In out the sense that absolutely is a more strategic role.

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Of course, we handle the day to day, those tickets that you mentioned,

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people having trouble with sales force instance or

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there are things that are happening all day, every day across the revenue

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organization that the RevOps team is responsible for helping themselves.

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But the team at Alphasens is absolutely strategic.

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They're thinking about territory creation and

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our SAM serviceable addressable or TAM total addressable market relative to

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the target by vertical, by subvertical, by personas that we're selling into.

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In Alphasens land, we sell the financial services corporate

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big corporations and consultancies which adds a bit of complexity.

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I'll give you an example, every Sunday night, I get an eyes and

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ears email from my two leaders of RevOps who are sharing with me what they're

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seeing and hearing on the ground.

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Not just in the data, that's a really important part of it,

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what they're seeing in Tableau or in Salesforce about pipeline,

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about forecast, about velocity of opportunity.

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But also what they're seeing by rep, by SDR in terms of how much pipeline was

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created last week, by vertical, by geography, where we're perhaps getting

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hard hit, where we should press the guest pedal down a little bit harder and

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higher perhaps more AEs into that vertical or that region.

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And so every Sunday night I get this eyes and ears email that gives me a sense

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for what they're seeing and hearing on the ground that I might not be paying

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attention to or may have missed.

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It informs a lot of what I do the upcoming week.

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>> Interesting to hear you take such a, take the long,

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approach to both.

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And I think that more of things.

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>> Just real quickly, I think to some extent it's about how data driven,

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how process-oriented you are as a leader or your business is in terms of

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using data to inform decisions.

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And so in our case, we are a hyper data driven revenue organization using

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that data that we pull out of whatever tool to inform every single thing that

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we do.

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The other thing that RevOps does for me is helps me use the data that I might

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find in Salesforce or Tableau or GONG and tell a story with that data.

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I'm telling a story to an investor, to a candidate, to the board,

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to the broader sales organization.

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And so what they become a bit are storytellers,

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helping me tell stories with the data that they pull out.

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Really, really important.

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>> And especially when you're looking at the entire customer life cycle.

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>> Okay, any other thoughts on sort of like team organization or RevOps

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strategy or

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anything like that?

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>> I think one thing I might add is it's important to understand how best to

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use.

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Not just as a CRO, but the relationship that begins to exist between RevOps and

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SDR and SDR management and AE and AM and marketing, right?

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Those are relationships that don't form overnight.

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And so each of them have to figure out how best to collaborate with each other

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and

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use the data that's being provided by RevOps to inform the strategy in that

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specific function.

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And so we spend some time on that thinking about, okay,

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this is what RevOps is sharing with the SDR leadership team.

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What do I do with that information?

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How do we get higher quality meetings?

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How do we decrease the time between meeting and opportunity?

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How do we identify the right targets?

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What tools are we using to do that?

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Are things that the RevOps team assists the SDR team with doing?

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And of course, we can say the same kinds of things for AE, AM, etc.

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>> Considering this is not your first rodeo as a CRO,

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do you think kind of coming into this role, you had a little bit more of a

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refined look at how you would sort of build a RevOps team?

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>> Yeah, I think just generally you recognize what works and

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you're trying to build the playbook that delivers on the promise.

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And so for me over the course of my career, through failures and

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successes, it's identifying where the blind spots have been or

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the things that have been missing, the missing ingredients in terms of the team

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that I was building to deliver on the goal.

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And so joining Alphasyns that I joined six years ago, I mentioned sales enable

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ment RevOps.

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Those were the two first functions, support functions, if you will,

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that I hired to help me scale the business.

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>> That's sort of the old school way of sort of building a business was like,

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hey, I'm gonna go hire a bunch of salespeople and we'll get at it.

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And now it's like you hire one, one marketer, one salesperson, one customer

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success person.

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And then you hire a RevOps person to make sure that all of that stuff is built

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on a tech stack,

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the right way from the very beginning, getting the right data.

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It's just so different than it was a decade ago where it's like, yeah,

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let's go hire four sales reps and just have them beat down the doors and close

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to what's.

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>> It is, and I'd say even more so in a business as complex as ours is,

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where you're communicating value to so many different client types.

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>> Sure.

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>> Between every sector of the economy and all of these personas within these

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companies,

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financial services and corporates and consulting and all these geographies,

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it would be nearly impossible for a seller to come in and

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not only take your product to market, but begin to evaluate the market,

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determine where we win, where we lose, how fast we win, how predictable the

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business is

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over here versus over there.

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And so to me, that's what RevOps is delivering on a daily basis is the

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information that we

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need to figure out where to go faster, where to continue to invest.

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I think still companies fail to recognize the importance of that function in an

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organization that is trying to scale.

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>> Well, and I think that what's so tough for the sales manager, the sales

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leader in

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those situations is like the data lies to you all the time, right?

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You talked about the story.

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There's a great story that we did on a different podcast where it was a

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marketing

13:07

leader where they ran a trial where they'd give you a $100 gift card to demo it

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And it was like the worst performing campaign, and I guess that doesn't work.

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And then six months later, their bookings shot up like crazy and

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like what do we just do?

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And it turns out all the people who did those demos weren't ready to buy at

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exact moment in time, but they were in the exploratory phase.

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And then when they were ready to buy, they all came back and

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it was like it was the best marketing campaign we ever did.

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And so it took a very sophisticated understanding of data and

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being able to go back and look at what was the common threat of all those

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accounts.

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There was this thing, a sales leader would have never been able to pick that

13:52

data point out if there wasn't a holistic look at data for that organization.

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There are countless examples that I can share where there's a false

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positive that we see and the knee jerk reaction is to pivot away from the

14:07

opportunity as a result of something that we're seeing in the moment based on

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client reaction.

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But if you have this team like you're describing who's really thinking about

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this in the long term and across all of the sellers, not just the one that you

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're

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sitting alongside, generally speaking, you're going to come out with a better

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answer.

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And so it's really about building a decision matrix, it's about the pros and

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cons, it's about really like thinking about how are we going to build our

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business in this market with this vertical against this persona, with the

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sellers that we have.

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How do we think about a territory that gives each of our sellers an opportunity

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to achieve their target?

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And the RevOps team is able to dive into every single customer prospect at

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AlphaSense and pick out the people that could respect the potential buyers.

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And so one of the things that we're delivering on a regular basis to our

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sellers is not just a territory that includes X number of accounts, but the

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very specific people within each of those accounts who should be buyers of

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AlphaSense, thousands of them.

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And so you walk in the door and you really have a good sense for your service

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and your service is a very visible adjustable market, these are the folks

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that we've identified as able to buy from you.

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And I'm sure there are more, right?

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But we believe that just by selling to some portion of the folks that we've

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identified, you'll significantly exceed your target.

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That's a really important job that the RevOps team plays in building

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confidence across the sales team.

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Right, right, 100%.

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So we're going to talk about some of those things, some of those tough

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parts of RevOps.

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What's the hardest RevOps problem that you faced an example in the last year or

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so?

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RevOps and just the revenue organization in general, we're constantly thinking

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about how to be better today and tomorrow than we were yesterday.

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So it's increasing our conversion rate, it's increasing our, the number of

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people we have on at any given time.

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It's increasing penetration rate inside of our existing client firm.

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So I mentioned we're a land and expand business.

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We've got about 4,000 customers and we have a lot of room to grow inside of

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almost every one of those companies.

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And so how do we go deeper and wider inside these firms?

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How do we think about, in alpha sense land, the combination of content in our

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sales communication of value to make it appear as though alpha sense was

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purpose built for you?

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Not just for the personas that are in our wheelhouse that we've been selling to

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for the last 10 years, but all of these new and different people who exist

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inside these client firms who could potentially buy from us.

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And so I don't know that that's been a, you know, that's not an acute challenge

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that I think about over the last six months or year, but it is absolutely a

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rev ops challenge that we are constantly trying to solve.

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And so there isn't a day that goes by that I'm not thinking about talking to

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our rev ops team about, you know, the entire sales cycle from top of the funnel.

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How do we get more people in?

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How do we increase our demand gen and, you know, make it a true combo between

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outbound SDR and inbound marketing demand gen?

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How do we increase the size of the opportunity by inviting more people to

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a traditional initial meeting?

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How do we engage more of the trialers?

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So you've got 10 or 20 people on trial.

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How do we engage them during the course of the trial, roll out the red carpet

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and

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make them see the value of the platform beyond what they're finding for

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themselves?

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So get to a higher trial to close business conversion rate.

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You know, these are the kinds of things that we're thinking about all the time.

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We just open an office in Singapore.

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How do we get into that market and grow that market really quickly?

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These are just some examples.

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We acquired two companies over the course of the last 18 months and we

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integrated those companies seamlessly really well.

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And we grew the first company stream, which is an expert transcript library

18:19

business into our platform.

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So now you've got these four voices in our platform.

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So if you think about the analyst voice, you want to hear from cell side

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research

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analysts, you've got the company themselves who are talking about themselves

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and earnings calls and filings.

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You've got the journalist voice through press releases and news.

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And now inside our platform, you've got the experts voice through these

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expert transcribed interviews.

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Well, we bought that company.

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We integrated the content and now we take that to market.

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That's a RevOps job to help us understand who are the

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likeliest buyers of that additional content set.

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How do we set incentive structure appropriately based on this new content

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set that we have in?

19:03

How do we build spiffs into our annual comp plan that account for this new

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content set?

19:09

Right?

19:10

How do we just drive growth in this new company that we've bolted on to.

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So RevOps gets involved in all of that kind of thing.

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And while these aren't, I'd say rev obstacles, they're things that are

19:21

standing in the way of our accelerated growth.

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And so we've got extraordinarily high ambitions for our, that we've set for

19:29

ourselves and we set expectations really high.

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And so it's really about making sure that as good as we might be as

19:37

as successful as we feel like we are based on the growth trajectory that we're

19:42

on, we can always do better.

19:44

And sure, we're always pushing each other to do better than we did yesterday.

19:47

How do we increase the conversion, increase the size of deal,

19:51

decrease the sales cycle kind of thing.

19:53

A lot of the historical data and historical information from a sales team

19:58

when you go into a new market can kind of fly right out the window, right?

20:02

It's like, average time to close average, you know, a number of people that you

20:06

need in the deal, all that sort of stuff.

20:07

Like, did you just say, Hey, we're going to take all these benchmarks.

20:10

We're going to bring them in and we're going to say, Hey, we're going to

20:13

test this out.

20:14

Like, how, what was your sort of approach there when you, when you entered the

20:18

new

20:18

market?

20:19

It's a great question.

20:20

I want to take a big step back and get right back to answer your question.

20:24

Yeah.

20:25

Four years ago, we as an ELT were becoming distracted by evaluating and incub

20:33

ating all sorts of new ideas, right?

20:36

People were coming to us or we'd come up with the idea on our own and we'd

20:40

test the idea, incubate the idea with a few sellers, with a few prospective

20:44

customers.

20:45

And if the idea worked, we'd launch it more broadly, but it was really

20:49

distracting while we were also running a high growth, high velocity scaling

20:53

startup.

20:54

And so four years ago, we spun up a go to market team, go to market strategy

21:00

team, a swap team of folks whose whole job is to incubate new ideas, whether

21:06

M&A, new markets that we want to enter, new verticals that we want to sell to,

21:11

new personas that could perhaps benefit from the opposites platform.

21:15

And they would test these ideas with small numbers of people, AEs,

21:20

account managers, prospects, customers through interviews, determining whether

21:26

or not it made sense for us to, you know, press the gas bill down a bit on, on,

21:31

on that specific idea.

21:33

And so in the case of Singapore, we put the go to market team on entering this

21:38

new region and they did months worth of research to understand one, whether

21:43

Singapore was the right place as a jumping off point for us to sell into that

21:47

region.

21:48

Two, you know, just in terms of like sourcing talent, where does talent come

21:52

from in that region?

21:54

We looked at our customer base and so some significant number of our global

21:59

customers have major presence in the APAC region.

22:03

And so how close are they to Singapore?

22:07

Do we need to be there in person?

22:08

How much can we do over Zoom?

22:10

Anyway, all this research done by our go to market team, which allowed us to

22:15

feel

22:15

a lot more confident creating an entity there and beginning to hire there.

22:19

And then we took one successful seller from AlphaSense US and moved him there,

22:28

he was someone who had formerly in a previous career sold in that region and

22:33

so it's somewhat familiar with it.

22:36

And he was our first sort of boots on the ground, did a fantastic job,

22:40

continued to

22:41

help us get the lay of the land.

22:43

And over the course of the last six, 12 months, we've begun to hire a support

22:47

system around him and additional AEs.

22:50

So I think SDRs and sales management and rev ops and go to market, you know,

22:57

other folks on the team who could support, you know, a business that far away.

23:02

It's really cool to hear how the innovation that you set in like years ago

23:08

bears fruits because that's like always one of those things like those,

23:11

it's like what's the ROI of building that sort of like innovation muscle that

23:15

Eric Reese who wrote Lean Startup, he always talks about sort of like,

23:19

I think it's him that like innovation is like a muscle like you have to like

23:23

actually work on it, otherwise it sort of like atrophies.

23:28

And I always think about that, how difficult it is to be in sort of like

23:33

innovate mode and be in like get the job done right now.

23:37

Similar to like strategy and, you know, tactics there, but that's really cool

23:41

to hear about sort of like innovation bearing fruits that are extremely outside

23:46

the box, I guess.

23:48

Well, also it's not just entering new markets and new verticals and new

23:52

personas, but as you think about sort of the evolution of an organization like

23:56

an alpha sense, you move from what was historically exclusively organic growth

24:02

into a mix of organic and inorganic growth.

24:06

And so whether it's M&A or partnerships or channel sales or other kinds of

24:13

things that might help us accelerate revenue, it's great to have this team who can

24:17

evaluate the likelihood of that thing working before we actually go through

24:23

with whatever relationship we may be interested in exploring.

24:28

Because every single day there are opportunities that get presented to me,

24:32

we should be selling to government, of course we should, we should be selling

24:35

to business schools, we should be in the Middle East or Africa, right?

24:39

All of these things are really good ideas and absolutely we will one day take

24:44

advantage of, but how do you evaluate whether or not was the right time

24:49

without distracting yourself from continuing to run a high growth business

24:54

like we're doing?

24:55

Yeah, it's such a great point.

24:57

I mean, like everybody, well, you should sell to government, you should sell to

25:01

this, you should sell to that and you're like, yeah, but that's taking our playbook

25:06

and potentially throwing it completely out the window because like that subset

25:11

of customers or whatever it is has different sales cycles and different

25:14

velocity in the way that they can be sold to like literally the way they can be

25:18

sold to.

25:19

You can't give them gifts, you can't do it.

25:21

There's like so many different things that are probably embedded in your go to

25:27

market that you can't just drag and drop it and yeah, that's super fascinating.

25:32

All right, let's get to our next segment, the tool shed where we're talking

25:35

tools, spreadsheets and metrics, just like everyone's favorite tool, qualified,

25:39

no B2B tool shed is completely without qualified, go to qualified.com right now

25:44

and check them out, the perfect tool for someone in RevOps.

25:47

Turn your website into a selling machine, go to qualified.com.

25:50

Kiva, what's in your tool shed?

25:52

What are some of the things that you're using?

25:54

Or are you spending most of your time?

25:55

Most of my time spent in Salesforce, Tableau, Slack and GONG.

26:00

I'd say those are the four most important tools I use every day.

26:06

And GONG, we use GONG for everything from listening to calls that have been

26:13

recorded to helping us forecast.

26:15

And of course Tableau, if you're not familiar, just visualizing.

26:19

I mentioned earlier sort of telling a story with data.

26:23

That data visualization for me is key.

26:26

Putting them into sort of something that is easier to visualize helps me tell

26:30

the story.

26:31

Okay, what about your relationship to spreadsheets?

26:36

There aren't a lot of spreadsheets that I use every day.

26:42

Most of the time I need to understand a forecast or a pipeline, how we're doing

26:48

against our hiring plan.

26:50

It exists in dashboards and in one of the tools I mentioned.

26:53

What are some of the key metrics that you zoom in on?

26:57

Or maybe some of the common ones and then maybe some that might be unique to y'

27:02

all?

27:02

Sure, so the common ones are most important to us too.

27:08

So it's top of the funnel, it's meetings and pipeline by source, pipeline by

27:16

vertical, pipeline by subvertical.

27:18

And what I mean by that is life sciences is the vertical, pharmaceutical,

27:22

biotech and device would be the subvertical.

27:24

Of course you can take that across every sector of the economy, energy,

27:28

industrials, TMT, CPG, financial services, hedge funds, banks, asset managers,

27:34

private equity, big consultancies, pipeline by rep, pipeline by rep with tenure

27:42

pipeline by rep, who's on ramp.

27:46

So pipeline, but pipeline broken down in a number of different ways.

27:51

So trialers are a great indication of how we'll do next month, next quarter.

27:56

So trial or conversion, we pay very close attention to.

28:01

And then of course, close business and revenue.

28:04

Those are the most obvious for us and we track them very closely.

28:09

Maybe some of the less obvious is how is very specific content performing

28:14

by vertical and subvertical.

28:16

If you think about opposites, we've got these sort of two modes, if you will,

28:20

technology and content.

28:21

The technology is chickass.

28:23

It's undisputed.

28:24

Great search.

28:25

You're not going to find a better search engine anywhere else.

28:28

The search engine means little unless the content beneath that search engine

28:33

matters.

28:34

And so we spent the last 10 years building an extraordinary platform of all the

28:40

content

28:41

that knowledge professionals need to do their jobs every day.

28:44

We want to make sure as we ingest new and different content or we license newer

28:48

different content, it matters to these new personas that we may be going after.

28:52

And so thinking about by persona, by vertical, by geography, how well the

28:58

content may be performing

29:00

or how much of it is being consumed by all of our trialers and users is a

29:05

really important metric for us.

29:07

There's the correlation between usage, the time you spend in our platform and

29:13

the likelihood you are to buy or to expand or renew is another thing that we pay very close

29:18

attention to.

29:19

What about like a blind spot or something that you wish you could measure

29:25

better?

29:26

I think as we expand into new personas.

29:32

So you think about who gets the greatest benefit from the AlphaSense platform

29:38

today. It's a knowledge professional working inside of any company you can with any

29:43

degree of complexity.

29:44

And so it's strategy and corporate development and competitive intelligence and

29:48

business

29:49

intelligence and investor relations on the corporate side.

29:52

But as we expand into other places, R&D, early R&D,

29:58

market research, marketing, strategic marketing, enterprise sales.

30:03

WebOps.

30:04

Yeah.

30:05

Yeah.

30:06

Yeah.

30:07

I wish there were a better way to evaluate not whether the content in our

30:13

platform and our

30:14

platform would be valuable.

30:16

No doubt all of those additional personas would extract value from our platform

30:21

But in running a business that I can forecast, so a predictable business, how

30:28

predictably

30:29

they would buy.

30:31

The goal is to build a forecastable, a predictable business.

30:35

And we have a very good sense for how the current users of our platform and the

30:41

folks that

30:42

are in our wheelhouse buy from us and how they use and extract value, how fast

30:47

we expand,

30:48

how quickly we close new logo business.

30:52

But as we want to go deeper and wider inside of our client firms and sell to

30:56

new perspective

30:57

users sort of outside of that wheelhouse, there's always a challenge in

31:03

understanding

31:04

how predictably they'd buy.

31:06

Yeah.

31:07

The go to market challenge for a company like AlphaSense is so, so cool to me

31:12

because when

31:14

you're selling to potentially any company and any persona, there's like endless

31:20

ways, literally,

31:21

that you can go to market to those folks.

31:25

And it's just, you know, it's so complex.

31:28

So it's interesting that you sort of mentioned that is like, I think about this

31:31

all the time

31:31

where the tactics can be so different for what some people might like webinars,

31:37

some people

31:37

might like, you know, to have in-person events, some people might hate that.

31:42

And it might be a persona or an industry that likes certain things because that

31:46

's the way

31:46

that's always been done, or it might be an age thing of like, well, younger

31:49

people like

31:50

this, but older people like this, like it's just, anyways, endlessly

31:54

fascinating.

31:55

Yeah.

31:56

No, look, I think that's, well, that's well said.

31:58

That's a good point.

31:59

And I think you're right.

32:00

You know, but that is also, you know, the challenge in expanding to these new

32:04

personas is making

32:07

sure that you are supremely confident.

32:09

You understand how they buy.

32:11

I'll give you a good example.

32:13

So we sell the consultancies and consultancies consume alphasense, but use the

32:19

platform and

32:20

pay for the platform different than other kinds of companies do, mostly because

32:26

they're working on behalf of customers and clients.

32:28

But if you're a strategy consultancy, you've got a client engagement and you

32:32

use alphasense

32:32

to serve you well during that client engagement.

32:35

And so we had to build an entire pricing model to support that way of using our

32:41

platform,

32:42

where it's not necessarily always on.

32:45

You're using the platform when you're working on very specific engagements over

32:49

the course of a year.

32:50

But I'd say the other thing, which we spend a great deal of time, this bleeds

32:57

into sales enablement, but it has a rev-ops element to it.

33:01

Training our sellers on, and I'd say the evolution of our revenue organization

33:06

over the course of the last six years since I've been here,

33:09

this one concept is connecting the dots between what's going on in the world,

33:15

what's going on in an industry,

33:17

what's going on at a company, and what's going on at the contact level.

33:23

Right, because what you're trying to extract from our platform is information

33:28

that you'd likely not find anywhere else or you know,

33:30

hard time funding anywhere else, or it's getting you to the answer very quickly

33:34

And you're using the information to make big investment decisions or big

33:38

strategic decisions.

33:40

What we're delivering to you is the ability to connect those dots.

33:43

And just back to your point about back in the day, handing someone a computer

33:47

and saying, you know,

33:48

we'll see how you do, we're as far away from that at alphasense as you could

33:53

possibly be.

33:54

Because when we're now taking our product, our platform to a new persona and

34:01

talking to business development who's responsible for in licensing inside of a

34:06

pharmaceutical company,

34:08

we've got to be able to connect those dots with them and help them understand

34:11

how they're going to extract vertical specific information from our platform

34:16

that they're not getting from anyone else.

34:17

And that takes a really sophisticated sales professional.

34:21

Yeah, it's that's so cool. And I'm glad you mentioned sales enablement as part

34:25

of this because I think it's like,

34:27

we've been able to start bringing data from sort of the chaos of where we used

34:32

to be of like understanding and being able to say like,

34:35

Hey, our sales team in this vertical, they're not sophisticated enough, like

34:40

full stop.

34:41

They might be great sellers, but they are not sophisticated enough for this

34:45

group of people. If you have the capability to take someone and make them 10,

34:50

20% better like you have to do that you have to invest in that.

34:55

I could not agree more sales enablement just like rev ops is, is the is the

35:02

secret weapon.

35:04

You have to invest in a team who spends their time training your sellers to

35:09

stand toe to toe with very sophisticated buyers.

35:13

You've got to be able to communicate the value of your platform, differentiate

35:18

it from every other tool that that person is using to the most sophisticated

35:23

buyers inside of the most sophisticated buying organizations in the world.

35:28

And so, if you're relying on a sales manager to do that, or the sales person to

35:36

figure out how to do it on their own.

35:39

You're missing something. Yeah, to have a team that's that's solely dedicated

35:44

to spinning up the training, whether synchronous or asynchronous right both

35:50

that is required to keep your sellers sophisticated enough to have the

35:55

conversations that they're having with these very senior people inside of these

35:59

very complex organizations.

36:01

That's what leads to success. Right. That's what leads to persona based selling

36:06

to vertical based selling. And we're moving into a more specialized world where

36:11

generic sales just don't work.

36:13

Yeah, that's exactly right. And nobody wants to freakin time wasted. That's the

36:17

other piece. Like, hey, if you have an actual I mean this is why qualified,

36:21

shout out qualified exists.

36:23

If a CEO ready to buy comes to your website, you better roll out the freakin

36:28

red carpet. You cannot like be like, hey, do you want to talk to like our, you

36:33

know, 22 year old SDR like no way.

36:36

Like that person needs to talk to the person right now who can get them the

36:41

best answers right away and like that is just, it ain't the old way is is so

36:46

far gone at this point.

36:48

You have to embrace the new way. Okay, let's get to our final segment quick

36:51

hits. These are quick questions and quick answers. Keep on you ready.

36:56

If you could make any animal any size, what animal would it be and what size

37:01

would it be.

37:02

I would shrink an elephant. Put him in my backyard because my children love

37:07

elephants and they would get to play with the elephant without fear of getting

37:12

stomped.

37:13

Me too. I'm huge fan of elephants. Do you have a favorite book or podcast or TV

37:21

show that you've been checking out.

37:23

So favorite book that I read recently is called unreasonable hospitality, the

37:28

remarkable power of giving people more than they expect.

37:32

It's about the hospitality industry, but I think about it just in terms of

37:36

customer success and account management and rolling out the red carpet and just

37:40

delivering more than you promised.

37:42

So really good read I can't remember the name of the author, but I highly

37:45

recommend.

37:46

Do you have a misconception or prediction as it relates to revenue or rev ops

37:52

or go to market in general.

37:55

I think we've hit on it. I think I think you said it. I think rev ops is

38:00

becoming more strategic.

38:02

That is a prediction.

38:05

I think just in general.

38:08

This idea that the more specialized the more persona based the more vertical

38:13

ized.

38:14

Generally speaking, the more successful your sellers will be, but it requires a

38:19

significant upfront investment.

38:21

You have to be convinced that that sophisticated sales approach and the

38:26

conversation with a sophisticated buyer requires that you can stand toe to toe

38:32

with them.

38:33

And it's partly sales enablement. We're talking about that, but it's really

38:37

being given the data that you need to run your business.

38:39

What I'm forecasting and it's not just the AEs. It's the AMs on gross and net

38:42

retention. It's the SDRs on meetings of pipeline.

38:46

And we, the attendees of these meetings are meant to serve as their board.

38:51

And so we're poking holes and we're testing assumptions and we're asking

38:54

questions, but we're not necessarily giving advice.

38:57

This is their plan in very much the same way that we, I, the CEO show up to a

39:01

board meeting once a quarter and do the same kind of thing.

39:05

So I, you know, this all goes back to this idea that RevOps is really strategic

39:10

, but it's really strategic in part because they are, they are serving all of

39:15

our many CEOs in helping them run their many businesses.

39:20

I love that. That is so great. What a, what a fantastic insight and a great way

39:26

to, to finish here.

39:28

Um, give it's absolutely awesome having you on the show. Final questions. Do

39:33

you have a piece of advice for someone who is a CRO who's, who's leading a rev

39:37

ops or go to market team.

39:39

Pay attention. Um, pay attention. I think I mentioned earlier, the eyes and

39:45

ears email I get on Sunday night.

39:47

I think what you find is that your rev ops team works so closely with your

39:52

revenue organization that they may see things that, that you don't see.

39:57

Pay attention to what they say, invite them to weigh in, you know, give them a

40:02

seat at the table and have them participate in these strategic conversations

40:07

about where we, where we should invest or where we should pull back.

40:11

Absolutely awesome having you on the show for listeners. Check out alpha sense.

40:16

Like I said, you can do it. You can do a trial and check it out right there.

40:22

Um, Kiva's hiring in the revenue or, uh, Kiva, any, any final thoughts,

40:27

anything to plug?

40:28

No, I appreciate you plug in the hiring. We are hiring across all functions and

40:32

globally. So, um, if you're looking, we'd love to hear from you. Please reach

40:38

out on LinkedIn or email.

40:39

Um, no, look, you know, thank you so much for having me on. This is a fun

40:43

conversation.

40:44

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40:55

[Music]

41:05

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