On this episode, Kiva will describe the importance of breaking down marketing silos while building a strong RevOps team.
0:00
[MUSIC]
0:07
>> Welcome to Rise of RevOps.
0:08
I'm Ian Faiz on CEO of Cast Me in Studios.
0:11
Today I am joined by a special guest, Kiva, how are you?
0:14
>> I am good. Thank you for having me.
0:16
I'm happy to be here.
0:17
>> Yeah, super excited to chat about
0:19
AlphaSense, a lot of cool stuff that y'all are doing from a revenue perspective
0:24
Of course, we're going to talk about revenue operations and everything in
0:27
between.
0:28
So, starting off, what is your definition of RevOps?
0:34
>> My definition of RevOps, RevOps is about bringing teams together.
0:42
It's about breaking down silos.
0:44
It's about aligning everyone toward a common goal, revenue growth.
0:50
And what RevOps is responsible for to some extent is orchestrating
0:55
this seamless collaboration between sales and marketing and customer success.
1:01
And all of that is fueled by data.
1:05
And so providing all of those teams, all of those leaders,
1:08
the data that we need to inform all the decisions that we make.
1:11
>> I love it. That's great.
1:13
We might have to put that on as the opening of the show.
1:16
I think you saw it.
1:18
Taking a step back, what does AlphaSense do?
1:21
>> The easiest way to understand AlphaSense is we're a Google for business.
1:25
But what we really do is we're an AI powered search engine
1:30
that sits on top of tens of thousands of sources of content
1:36
that was previously found in lots of different places.
1:40
In this one platform, content like sell side research from every bank and
1:45
SEC and global filings, earnings call transcripts, transcribed expert calls,
1:50
press releases, news, all of this content sits in this platform,
1:54
layered upon which is an AI powered search engine that enables you to find
1:59
the very specific thing that you're looking for more quickly than you would
2:02
if you were using any other tool.
2:04
>> One of the things as we're prepping for this interview,
2:07
which was super exciting for me because I knew of AlphaSense for a little while
2:11
is that you'll have a cool free trial.
2:14
So our listeners can just go try a free trial to learn what we're talking about
2:18
And I didn't know that before we were doing our research for the bot.
2:23
>> Have you tried it?
2:24
>> No, I'm going to do it after this.
2:25
>> Yeah, I'll know.
2:26
We'd love to have you try the platform and engage with a seller.
2:32
>> I know, I'm super excited.
2:33
It speaks to the importance of data.
2:35
It speaks to how much content is out there,
2:40
how many different sources are out there, and
2:43
how important getting insights is.
2:45
And that's like you said, that's what RevOps really does is finding the truth
2:49
from the chaos.
2:51
>> Well, I'll tell you, it really is an interesting time you're working for
2:54
a company like AlphaSense.
2:56
If you think about it 100 years ago, we were living in the industrial age with
3:00
an economy built around manufacturing.
3:03
Today we're living in the information age with an economy built around
3:07
information.
3:08
And so a tool like AlphaSense that organizes all of this information that is
3:13
available to all of us all the time is a really cool and exciting place to be.
3:18
>> And it's a cool and exciting RevOps problem.
3:21
I'm curious to hear how you're taking it on.
3:24
How have you organized your RevOps team and what is your approach?
3:28
>> So the RevOps team is now 17 strong.
3:31
>> Wow.
3:32
>> And we split them between presales, sales and post sales.
3:36
So presales, everything from top, top, top of the funnel,
3:40
all the way through to the initial inquiry.
3:43
Then we've got a team that's responsible for
3:46
measuring every facet of our pipeline.
3:49
And then a team that's responsible for all of our existing clients.
3:53
So once you become a client, we're a land and expand business.
3:56
So we want to understand how quickly we grow within our client firms.
4:00
And of course, renewal and referral.
4:04
And so that's how the team is organized.
4:07
They specialize in one of those three sections.
4:09
>> And how do you think about building this team as a CRO?
4:13
Because we've talked to certain CROs that definitely don't have a 17 person
4:18
RevOps team.
4:19
Clearly it's something that I think you're more on the cutting edge of.
4:23
>> They're crucial to our success.
4:26
They inform everything that we do.
4:30
But I'd also say they're a secret weapon.
4:32
I think there are sort of two secret weapons in scaling a global sales
4:36
organization.
4:37
The two are sales enablement and RevOps.
4:41
And of course here we're talking about RevOps.
4:43
But to me, there isn't a decision that I make without being informed with data
4:49
from
4:49
the RevOps team.
4:50
And so like I mentioned, they measure every facet of the business.
4:53
They're feeding me, not just the information every single day, but
4:57
every sales manager, every individual contributor.
5:00
So that each of us has a really developed understanding of the business that we
5:03
're
5:03
running and can press the gas pedal down or pull it up based on what we're
5:08
seeing.
5:09
What we're seeing by geography, what we're seeing by vertical, subvertical,
5:15
persona, the velocity of opportunity as it moves through a funnel.
5:20
Macro economic impact on one portion of our business.
5:25
Anyway, it informs sort of everything that we do, our hiring plan, entering new
5:28
markets, bolting on new products.
5:31
The team has grown alongside the revenue organization.
5:34
We're now 500 strong.
5:35
Wow.
5:36
And so we weren't always a 17 person RevOps team.
5:39
But that is the team that I believe is required, the size of the team,
5:44
to support our business in the way that we need it.
5:47
Yeah, it's really cool and it's really interesting.
5:50
I should also add that your 500 person team is also growing and
5:56
you're hiring right now.
5:57
So for our listeners who are looking for the next role in revenue,
6:02
Q is hiring.
6:04
But yeah, it's really interesting to me because I think you have this shift
6:09
from just the folks that were just doing things, knocking stuff out day to day,
6:17
the sort of more ticket taking type mentality.
6:21
And now you have this sort of like elevated go to market strategy and
6:26
operations, blending with RevOps, like where does one start?
6:29
Where does one end?
6:31
What do you feel like is RevOps getting a more strategic role in
6:35
addition to the tactical role?
6:38
I think it should.
6:40
In out the sense that absolutely is a more strategic role.
6:44
Of course, we handle the day to day, those tickets that you mentioned,
6:47
people having trouble with sales force instance or
6:51
there are things that are happening all day, every day across the revenue
6:54
organization that the RevOps team is responsible for helping themselves.
6:58
But the team at Alphasens is absolutely strategic.
7:04
They're thinking about territory creation and
7:07
our SAM serviceable addressable or TAM total addressable market relative to
7:12
the target by vertical, by subvertical, by personas that we're selling into.
7:17
In Alphasens land, we sell the financial services corporate
7:20
big corporations and consultancies which adds a bit of complexity.
7:24
I'll give you an example, every Sunday night, I get an eyes and
7:28
ears email from my two leaders of RevOps who are sharing with me what they're
7:33
seeing and hearing on the ground.
7:35
Not just in the data, that's a really important part of it,
7:38
what they're seeing in Tableau or in Salesforce about pipeline,
7:41
about forecast, about velocity of opportunity.
7:44
But also what they're seeing by rep, by SDR in terms of how much pipeline was
7:48
created last week, by vertical, by geography, where we're perhaps getting
7:53
hard hit, where we should press the guest pedal down a little bit harder and
7:56
higher perhaps more AEs into that vertical or that region.
7:59
And so every Sunday night I get this eyes and ears email that gives me a sense
8:04
for what they're seeing and hearing on the ground that I might not be paying
8:08
attention to or may have missed.
8:10
It informs a lot of what I do the upcoming week.
8:14
>> Interesting to hear you take such a, take the long,
8:18
approach to both.
8:19
And I think that more of things.
8:20
>> Just real quickly, I think to some extent it's about how data driven,
8:24
how process-oriented you are as a leader or your business is in terms of
8:30
using data to inform decisions.
8:32
And so in our case, we are a hyper data driven revenue organization using
8:38
that data that we pull out of whatever tool to inform every single thing that
8:45
we do.
8:46
The other thing that RevOps does for me is helps me use the data that I might
8:52
find in Salesforce or Tableau or GONG and tell a story with that data.
8:57
I'm telling a story to an investor, to a candidate, to the board,
9:01
to the broader sales organization.
9:03
And so what they become a bit are storytellers,
9:07
helping me tell stories with the data that they pull out.
9:11
Really, really important.
9:12
>> And especially when you're looking at the entire customer life cycle.
9:16
>> Okay, any other thoughts on sort of like team organization or RevOps
9:21
strategy or
9:22
anything like that?
9:23
>> I think one thing I might add is it's important to understand how best to
9:28
use.
9:29
Not just as a CRO, but the relationship that begins to exist between RevOps and
9:35
SDR and SDR management and AE and AM and marketing, right?
9:40
Those are relationships that don't form overnight.
9:43
And so each of them have to figure out how best to collaborate with each other
9:49
and
9:50
use the data that's being provided by RevOps to inform the strategy in that
9:54
specific function.
9:55
And so we spend some time on that thinking about, okay,
10:00
this is what RevOps is sharing with the SDR leadership team.
10:03
What do I do with that information?
10:04
How do we get higher quality meetings?
10:07
How do we decrease the time between meeting and opportunity?
10:12
How do we identify the right targets?
10:14
What tools are we using to do that?
10:16
Are things that the RevOps team assists the SDR team with doing?
10:22
And of course, we can say the same kinds of things for AE, AM, etc.
10:27
>> Considering this is not your first rodeo as a CRO,
10:31
do you think kind of coming into this role, you had a little bit more of a
10:36
refined look at how you would sort of build a RevOps team?
10:40
>> Yeah, I think just generally you recognize what works and
10:45
you're trying to build the playbook that delivers on the promise.
10:50
And so for me over the course of my career, through failures and
10:56
successes, it's identifying where the blind spots have been or
11:01
the things that have been missing, the missing ingredients in terms of the team
11:05
that I was building to deliver on the goal.
11:08
And so joining Alphasyns that I joined six years ago, I mentioned sales enable
11:12
ment RevOps.
11:13
Those were the two first functions, support functions, if you will,
11:18
that I hired to help me scale the business.
11:22
>> That's sort of the old school way of sort of building a business was like,
11:26
hey, I'm gonna go hire a bunch of salespeople and we'll get at it.
11:30
And now it's like you hire one, one marketer, one salesperson, one customer
11:34
success person.
11:36
And then you hire a RevOps person to make sure that all of that stuff is built
11:43
on a tech stack,
11:44
the right way from the very beginning, getting the right data.
11:47
It's just so different than it was a decade ago where it's like, yeah,
11:51
let's go hire four sales reps and just have them beat down the doors and close
11:55
to what's.
11:55
>> It is, and I'd say even more so in a business as complex as ours is,
12:02
where you're communicating value to so many different client types.
12:07
>> Sure.
12:07
>> Between every sector of the economy and all of these personas within these
12:11
companies,
12:12
financial services and corporates and consulting and all these geographies,
12:16
it would be nearly impossible for a seller to come in and
12:21
not only take your product to market, but begin to evaluate the market,
12:25
determine where we win, where we lose, how fast we win, how predictable the
12:30
business is
12:31
over here versus over there.
12:32
And so to me, that's what RevOps is delivering on a daily basis is the
12:37
information that we
12:37
need to figure out where to go faster, where to continue to invest.
12:44
I think still companies fail to recognize the importance of that function in an
12:50
organization that is trying to scale.
12:52
>> Well, and I think that what's so tough for the sales manager, the sales
12:55
leader in
12:55
those situations is like the data lies to you all the time, right?
12:59
You talked about the story.
13:01
There's a great story that we did on a different podcast where it was a
13:07
marketing
13:07
leader where they ran a trial where they'd give you a $100 gift card to demo it
13:13
And it was like the worst performing campaign, and I guess that doesn't work.
13:17
And then six months later, their bookings shot up like crazy and
13:23
like what do we just do?
13:24
And it turns out all the people who did those demos weren't ready to buy at
13:29
exact moment in time, but they were in the exploratory phase.
13:33
And then when they were ready to buy, they all came back and
13:35
it was like it was the best marketing campaign we ever did.
13:38
And so it took a very sophisticated understanding of data and
13:42
being able to go back and look at what was the common threat of all those
13:47
accounts.
13:47
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.
13:57
There are countless examples that I can share where there's a false
14:02
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
14:11
client reaction.
14:12
But if you have this team like you're describing who's really thinking about
14:16
this in the long term and across all of the sellers, not just the one that you
14:20
're
14:20
sitting alongside, generally speaking, you're going to come out with a better
14:24
answer.
14:24
And so it's really about building a decision matrix, it's about the pros and
14:28
cons, it's about really like thinking about how are we going to build our
14:33
business in this market with this vertical against this persona, with the
14:38
sellers that we have.
14:39
How do we think about a territory that gives each of our sellers an opportunity
14:44
to achieve their target?
14:46
And the RevOps team is able to dive into every single customer prospect at
14:51
AlphaSense and pick out the people that could respect the potential buyers.
14:56
And so one of the things that we're delivering on a regular basis to our
14:59
sellers is not just a territory that includes X number of accounts, but the
15:04
very specific people within each of those accounts who should be buyers of
15:09
AlphaSense, thousands of them.
15:12
And so you walk in the door and you really have a good sense for your service
15:17
and your service is a very visible adjustable market, these are the folks
15:22
that we've identified as able to buy from you.
15:25
And I'm sure there are more, right?
15:28
But we believe that just by selling to some portion of the folks that we've
15:33
identified, you'll significantly exceed your target.
15:37
That's a really important job that the RevOps team plays in building
15:40
confidence across the sales team.
15:42
Right, right, 100%.
15:44
So we're going to talk about some of those things, some of those tough
15:48
parts of RevOps.
15:49
What's the hardest RevOps problem that you faced an example in the last year or
15:54
so?
15:55
RevOps and just the revenue organization in general, we're constantly thinking
16:00
about how to be better today and tomorrow than we were yesterday.
16:04
So it's increasing our conversion rate, it's increasing our, the number of
16:08
people we have on at any given time.
16:16
It's increasing penetration rate inside of our existing client firm.
16:21
So I mentioned we're a land and expand business.
16:23
We've got about 4,000 customers and we have a lot of room to grow inside of
16:28
almost every one of those companies.
16:30
And so how do we go deeper and wider inside these firms?
16:33
How do we think about, in alpha sense land, the combination of content in our
16:37
sales communication of value to make it appear as though alpha sense was
16:42
purpose built for you?
16:44
Not just for the personas that are in our wheelhouse that we've been selling to
16:48
for the last 10 years, but all of these new and different people who exist
16:52
inside these client firms who could potentially buy from us.
16:55
And so I don't know that that's been a, you know, that's not an acute challenge
16:59
that I think about over the last six months or year, but it is absolutely a
17:03
rev ops challenge that we are constantly trying to solve.
17:08
And so there isn't a day that goes by that I'm not thinking about talking to
17:12
our rev ops team about, you know, the entire sales cycle from top of the funnel.
17:16
How do we get more people in?
17:18
How do we increase our demand gen and, you know, make it a true combo between
17:24
outbound SDR and inbound marketing demand gen?
17:28
How do we increase the size of the opportunity by inviting more people to
17:32
a traditional initial meeting?
17:34
How do we engage more of the trialers?
17:37
So you've got 10 or 20 people on trial.
17:39
How do we engage them during the course of the trial, roll out the red carpet
17:43
and
17:43
make them see the value of the platform beyond what they're finding for
17:47
themselves?
17:48
So get to a higher trial to close business conversion rate.
17:53
You know, these are the kinds of things that we're thinking about all the time.
17:56
We just open an office in Singapore.
17:58
How do we get into that market and grow that market really quickly?
18:03
These are just some examples.
18:07
We acquired two companies over the course of the last 18 months and we
18:11
integrated those companies seamlessly really well.
18:15
And we grew the first company stream, which is an expert transcript library
18:19
business into our platform.
18:21
So now you've got these four voices in our platform.
18:25
So if you think about the analyst voice, you want to hear from cell side
18:28
research
18:29
analysts, you've got the company themselves who are talking about themselves
18:33
and earnings calls and filings.
18:35
You've got the journalist voice through press releases and news.
18:39
And now inside our platform, you've got the experts voice through these
18:44
expert transcribed interviews.
18:46
Well, we bought that company.
18:47
We integrated the content and now we take that to market.
18:51
That's a RevOps job to help us understand who are the
18:55
likeliest buyers of that additional content set.
18:58
How do we set incentive structure appropriately based on this new content
19:02
set that we have in?
19:03
How do we build spiffs into our annual comp plan that account for this new
19:08
content set?
19:09
Right?
19:10
How do we just drive growth in this new company that we've bolted on to.
19:14
So RevOps gets involved in all of that kind of thing.
19:17
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.
19:24
And so we've got extraordinarily high ambitions for our, that we've set for
19:29
ourselves and we set expectations really high.
19:33
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
[Music]
40:55
[Music]
41:05
[ Silence ]