Episode Transcript
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You were listening to bb revenue acceleration, a podcast dedicated helping software executives stay
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on the cutting edge of sales and
marketing in their industry. Let's get into
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the show. Hi, welcome to
be to be a revenue acceleration. My
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name is Audiam with you and I'm
here today with your time. Good Man,
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director of marketing at Sentinel One.
How are you to day? Your
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time? Hi, I'm fine.
Thank you. Excellent accident. So today
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the two things that we decided to
pick is the top street challenges that marketers
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are tacing. But before we go
into the details and we jump into the
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conversation, would you mind introducing yourself
in in a little bit more details?
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Your time, as well as the
company at your represents set you know one.
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Sure. So, as you mentioned, my name is your Tom good
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man. I'm marketing director at Centenn
on one, where cyber security company with
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officers and in mountain view, anotherland, UK and Israel, where I'm based
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here in Tel Aviv. I've been
with the company for six months now and
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I'm managing the local marketing activities and
help the global marketing team. I've spend
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about six and a half years at
working in this industry in marketing and business
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development role and in addition to serving
in sentinal one, I also manage a
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community of cybersecurity marketers, about three
hundred of us, who share ideas and
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have a lot of engagement here.
So we have a very strong sense of
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community. I do like that and
it's needs triel the world community means a
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lot. Since we're on the topic
of community and and you know something that's
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quite topical right now, which is
the coronavirus which, I think at the
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time of recording today and the teens
of March, it's kind of kicking off
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a little bit everywhere. How do
you feel the community is reacting? How
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do you think the impact is?
Our people saying it is an opportunity as
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as an issue, and was a
feeling, basically. And what are the
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what are the sort of feedback that
you you collect or received from the community?
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So obviously it's a big change and
a big challenge to all of us.
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Specifically for marketers, I can say
that we're, I think, better
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adjusted than most, especially people here
in Israel. We're very well accustomed to
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work in from our home on the
Goo, very mobile. We work from
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with people from all over the world. So doing as zone calls and doing
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things from remote is is practically how
we live every day. However, we
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do we are aware that this is
a big shift. A lot of clients
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have, I either had to stop
their operation or alter the way that they
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operate. So we see a lot
of a lot of help going from the
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community, between ourselves and to the
customers. People are offering free services.
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Some of my colleagues have been laid
off, companies are downsizing. We trying
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to help them find new positions and
a lot of companies are doing what they
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can, for instance in cent in
a line where I work, but also
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other companies. They're offering security products
for free for the next couple of months
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to help. Companies will now have
to deal with working from remote and they
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don't have the resources. So at
least we're trying to ensure that they don't
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suffer any cyber attacks at the process. So we're seeing a lot of help,
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a lot of enthusiasm and, you
know, we just have to push
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through this difficult times. Actually,
I'm compared to agree with you. We
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have to put together off. Okay, so, coming to the topic again,
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the challenge is the free the top
three challenges at marketers are facing.
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So should the community that you are
running in in Israel. You promote regular
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events to discuss with us, our
marketing executive and, as you mentioned,
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there is also a big part of
sharing best practices experiences. I'm sure you
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speak about the vendors and experience with
them and all that, which which I'm
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sure is wonderful. So if we
were to come back to the main topic
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and put the Covid mainteen on the
side, far sake from your experience as
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well as from what you gathered within
your community, what are the stream main
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challenges you believe market halls of facing
in the B to be technology space?
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So that's that's a terrific question and
actually, to answer that, I actually
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ran a survey with my community.
We had nearly a hundred responders. So,
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taking the liberty of altar in the
results a little bit, because that
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survey ran at the end of last
year and things of obviously changed, but
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the main things are roughly unchanged.
And and I think the first challenge for
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US marketers and marketing departments, especially
in bit to be environments, is to
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justify the marketing's role within the business
side of the organization. I think that's
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the biggest and first challenge we all
encounter. Second of all, once we've
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done that and we've hit the road, we start the do in campaigns,
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trying to generate lead. Then the
challenge become different, and that's how to
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break through the noise. I mean, especially in times like this, everyone
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is trying to sell. I I'm
very familiar with the cyber security space.
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So there are thousands of companies,
about a hundred and fifty product categories and
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everyone's, you know, broadcasting on
the same channel. So it's very crowded
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and it's a it's a big challenge
to break through to the clients. And
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lastly, if we were able to
do that, I mean as Israelis,
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I look from the local angle,
then our challenge becomes different and that's how
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to scale this globally. Usually where
I am in at you, at market
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and and we come from very small
companies and we're good at innovating but not
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that proficient in scaling. So once
you've found your voice, you broadcast to
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the right audience, how do you
scale it into a really big company?
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So I think these are the main
swit challenges and they're only being I think
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exaggerated as we speak now. So
everything is much more acute. It be
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gonna be more difficult to justify marketing
budget. It's going to be more difficult
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to break through the clutter and then
to do it globally. Yeah, now
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I agree with you. I agree
with you. So so if you were
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to to take hold one by one, and it's interesting because when we in
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particularly all the conversation that we had
on the B Tob Revenue Acceleration podcast,
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always see a mode that that we
are meeting outside of the podcasts. Is
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really the justification of my role.
I'll do I improve to the main companies.
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Take older that. First of all, marketing is important, but also
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a marketing needs budget, needs a
lot of budget to be successful. So
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could you elaborate on that little bit
and and also share some tech takes of
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success stories of marketing? Individual have
been really successful in showing the ESKPIES and
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I'm gaging with us a cold or
to really get things out and and actually
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put them into a prime position from
a from a functional prospective within the organization.
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Sure. So, I think you've
mentioned the phrase that I think sums
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at all and that's KPI's so I
key performance indicators. If, as marketers,
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we can communicate this clearly with our
peers and with our executive then we
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can have a very business oriented discussions. We would like to get that much
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done in the next quarter. For
this we would need, I would say,
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a thousand leads. In order to
generate a thousand leads, I think
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I'll have to run five campaigns and
invest I don't know how many thousands of
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euros or dollars, and that would
be the result. So I think if
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if you come to such discussions prepared
and have estimated Kpis for at least in
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the beginning, you wouldn't have very
good estimations, but that's something that you
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can improve as you go along and
then at the end of each quarter each
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year, you can review these and
say, okay, those were goals,
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this is how much we spend,
this is our return on investment. Okay,
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today marketers are measured by the amounts
of qualified leads. Some of my
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community members are also in charge of
sales development representatives and then they also have
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to schedule meeting, so there's also
part of their Kpis. Other marketers are
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measured on exposure, because companies care
about brain recognition. It doesn't really matter
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as long as you discuss this in
advance, you recorders and then you visit
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this and revisit at the end of
the process. Once you do that,
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then people presiduous part of the business
process and they'll be happy to spend because
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they can see the correlation between the
investment and the results. One of the
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reasons that we've ran a survey,
and that's something I'd be happy to share
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with anyone interested, is that we
wanted to have a benchmark. So one
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of the Nice thing about it is
that we can show we have percentage.
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We can show that how much companies
are spending in marketing and in different segments
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within marketing, so that marketers can
go to their executives and tell them look
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for a company roughly our side.
Similar company is investing three times as much
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as as we do. So please, if you want to have similar results
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of better, I need you to
match this budget. So with KPI is
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with benchmark, I think that you
can have an education that discussions. One
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of the companies I'm seeing here that
are doing a terrific job are called Kato
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Networks. They've been doing blee generation
campaigns terrific ones for about three years and
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the marketer that I know their name
done, is doing just that. He
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speaks with the management in terms of
KPI, of real business goals and then
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assigned the dollar value to them,
and it's been very successful. I know
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that because he manages to increase his
budget here near there's probably doing a good
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job. At least. I'm very
happy to see this progress. That sounds
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wonderful. And when it comes to
the Dioversey challenge, because that's also a
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going oversee, going into New Territories
in general often an issue that that companies
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are facing, and I think from
all perspects you would well see like two
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types of clients resolved. The US
companies who are trying to come into the
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European market, or you've got Israeli
companies trying to come to Europe and then
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go to North America. My experiences, what we see, we what I
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believe is the most difficulties to actually
enter the North American market for company at
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was not born and bred there,
but like to get your sorts on that
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as well. I think coming into
the European market when you are Astraeli is
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probably a similar mindset in a way
going into the US from a European company,
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this trading company or whatever company.
It is not true as up we
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always see people struggling a little bit, and maybe it's because of the the
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investment that is required to actually get
an end do a successful full work in
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the US, or maybe it's a
cultural difference, but we never really been
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able to put out finger onwards the
issue where. But we've seen this.
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This company is really strongly as you
mentioned, is in your your your self,
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challenge of that skating globally always being
an issue. So what are your
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sults on that? Do you have
any, you know, war stories,
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success stories that you could share with
us? So there are several aspects to
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consider here. One, as you
mentioned, is that the cultural aspect of
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trying to do business in a different
region or geography and and in this regard,
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I don't think it makes a lot
of difference if you're trying to sell
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from Israel to Europe or foreign result
to the states and vice versa. I
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think the golden rule is is that
you have to have local people literally speaking
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the same legs, the local language, not just in terms of lingo,
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but they understand best the the mindset, how procum and works the Sales Cycle?
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Who's the strong person in the organization? Even small stuff that are an
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opposive to be very important but could
have a big significance. I'll give you
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one example. In the states small
medium businesses are called SMB's. You know,
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they're mostly returned. Refers to as
SMS, Small Medium Enterprise. The
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size also the fair. So if
you come to European light and say S
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and B they're probably won't understand you
and you start the discussion of the wrong
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foot. Just a small cultural point
because you're talking about the same thing,
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but you're not very a tune to
your client. When you're talking about is
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valley companies in specifics, as I
mentioned, we're very good at moving fast
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and building products at work, but
we're not always fully appreciate the size of
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the companies we're working with. So, for instance, Centen and one works
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with three of the top ten fortune, five, Thou onezero companies. I
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think it's number one, three and
and seven. So these are huge companies.
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When most these valley companies go and
address these companies, they can go
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in, they can probably get in
the door, perhaps to a proof of
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consop and then it stops and they
don't really understand why. And one of
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the story is one of the battle
scars that I can share is one of
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the startups I was working then with
about five years ago. I, with
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a lot of effort, I managed
to get our system back then into a
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major US banks fusion center. So
the system was installed, it ran for
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about a week. We got like
positive feedback, but the bottom line,
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and they said that straight to our
face, they said, you guys are
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very nice, but you're not corporate
grade, so you're not enterprise ready.
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Let than get us, and that's
something I think it took me a while
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to understand what enterprise ready means.
It doesn't necessarily mean that your product isn't
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good, but it lacks the scalability, it lacks the support that you commentation
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the local people on the ground as
a lie, all these kinds of things
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that we don't always appreciate here because
we work on a much smaller scale.
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So I think that company is looking
to expand to any territory, they have
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to consider who the target audience is, who can speak to these people in
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their language, and one of the
basic requirements so far us and Israel is
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like one Tipe I can give you
is don't go for a fortune five thousand
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clients in the United States. Don't
go for a t one banks. You
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can go for a one, tier, twoty three banks. They're as big
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as any local bank that we have
here in Israel and they roughly the size
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that you can actually serve as a
small start up going into a new company.
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If you go to a big enterprise, you'd be stuck in a cell
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cycle that can last twelve to eighteen
months and you probably don't have the stamina
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to go through that. So aim
correctly, use local people and then you
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might be able to break through on
your first clients. I agree with yourself
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walking before you your run and also
taking it easy at the beginning of going
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after the not going after the whales
hunting, but more doing like a bit
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of a Chun now, well,
fishing, elstuna fishing. So trying to
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get the deal that can move quicker
and the one that hoome stuck you into
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a propriman process. Well, you
will need references and and lots of those
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Ol bits and pieces to go through
the hooks. That makes sense. Regarding
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territories, do you see the we
again from your perspective of in lots of
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experience with the DESRAELI CMO marketing community. Well, do you see the most
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paid? You see the most pain
into coming to the European market or going
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into the US market? And why? If you have themser, sure so.
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About would say ninety five percent of
the companies in Israel would aim at
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the US market first for many reasons. One the investors push them that way
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to it's the largest market. The
US are early adopters and they are happy
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to in experience with new technologies.
But if you try to do that then,
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as I said, you have a
big lip that you need to take.
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It usually doesn't work if you just
have like one person on the ground
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that you supporting with the team flying
in and out. So I think the
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biggest challenge if you do that,
is that you need to hire fast and
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higher. Well, if you look
at the European market, and that's an
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interesting perception, because a lot of
the companies are the said are not well
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equipped to handle such a big leap, and they might. They should actually
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start with the more geographically closed location
in Europe. Our biggest challenge is the
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diversity. So if if in the
states you need to speak English. Well,
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okay, we are proficient with we
are not native speakers, but it
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works well enough in Europe. Is
Not going to do. We have to
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speak in several languages. You have
to understand the regulation at different countries.
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Spain is very different. Let's say, southern Europe is very different than Western
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Europe, which is different than the
nordics, which is then different than Eastern
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Europe and in the Middle Eastern countries. So it's a lot to take in
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and most companies, if they decide
to tackle the European market, they would
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start with either the British market which, in terms of language as it's easy
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process really yeah, or the dark
region, which is more cohesive. So
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we have a Germany, the Luxembourg
parts of Switzerland. So roughly, if
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you have a German native you be
able to to cater for the territories and
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also their fine actually sounds. So
it makes a lot of sense starting there.
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Yeah, I agree with you.
I'm gonna go back. I am
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so sorry. I'M gonna go back
to coronavirus for sake because as we are
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speaking, my many is bubbling and
I need to ask you that question.
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It's a tactical question. Less strategic
to the type of topy that we with
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discussed just now. But we have
had a couple of clients impacted drastically.
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So one of our large clients a
company called guilt. Now you must have
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done about Golt not being in marketing. We were supporting them in driving traffic
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to events and obviously, with the
recent news of coronavirus, we had to
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pose what we are doing with them
because they are can setting the event,
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so there is no point having US
driving people anymore. So well, that's
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not a great news. Is kind
of leading me to believe that a lot
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of markets were probably banking on events
taking place round table. It could be
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industry events like a Google Cloud,
the the big conference in in San Francisco,
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got cancel the couple of weeks ago. I believe Info Sake in the
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UK got will get cancel. I
believe that Cloud Expo was not canceled in
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the UK, but at very limited, poor attendance. I've seen some terrific,
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terrible feedback on on Linkedin and s
book to people with a lute it
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was. It was not a great
investment of time and money. So with
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that I'm kind of thinking that they
will be a deficiency in leads created,
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in pipeline, created in prospect,
engagement created or even with the partners and
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all that. So, as part
of the community now and the way you
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communicate and all that, what sort
of tactics do you see your peers putting
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in place in order to upset the
deficits of mqls, leads, whatever we
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want to cut it, byplay generated
from the traditional events type of activity?
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Yes, that's reality and and as
you mentioned correctly, I think the largest
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cyber security events that we're we have
witnessed this year was Rsa about a month
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ago and I don't think there's gonna
be any event of this scale, even
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if the virus subsides. I think
there's going to be massive constellations with scheduling.
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So in terms of event this year
is pretty much devastated and we have
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been talking about this internally within our
my company, within the community, and
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people realize very quickly that they need
to offset that with digital activities. So
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we see in a lot of efforts
going into Webbin are going into one on
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one interviews, conference calls with clients
serving digital content. I'm thinking I have
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and Syne this yet, but I'm
thinking that there's going to be smaller round
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table events who, once this crisis
will be over and people will, at
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least locally, will feel safer to
be in a company of others. I
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might even hippathize or have had an
idea from new startups for, you know,
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just having a small conference room,
but with separated rooms, but with
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one big video screen where everyone can
can share. That's also something good work.
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I mean, people are looking for
interaction, especially in how that we're
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all cooked up and and contravel.
But again, that's not going to happen
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in the form of massive event,
at least that's my prediction towards the end
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of this year. So a lot
of digital activities, a lot of customer
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education. People still want to know
who you are, people are still interested
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in your product. There's a need
for all the technology that's secure and facilitate
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remote work. We're feeling the demand. Other companies are feeling it as well.
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So it's just a matter of shifting
between the traditional to the more,
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let's say, digital and remote kind
of interaction. Okay, that's what we
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feel. So we have the big
shift in in the way we walk.
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So we in some countries. So
obviously the US want much more. We'll
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be nout driven, online, demo, zoom calls and all that, because
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of the nature of the territory when
it comes to Europe, actually of Europe,
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and clients tend to like face to
face meeting. So we see we
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had to shift all these face to
face meeting. But again, if you
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look at our hands be to be
software companies, everybody is equipped with Web,
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EGS, zoom, Google and out, you know, Google Conference,
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whatever it could be. You know
it is lots of solution, but everybody
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is using the solution because they are
used to communicate with their Israeli colleague,
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the Indian colleague, the US colleague, there French colleague, and that's the
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way that's the way it works for
me to be software companies. Having said
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that, we actually try to change
the approach and every single message that we
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would send email, social of telephone, conversation, whatever I could be,
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because we sears, you know,
your a more approaches will be direct.
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We trying to make we try to
emphasize about the situation and I think while
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you can engage with people right now, when you can pitch them your solution,
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you can tell them where you are, you can still contact them and
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technically you know what we are saying. Well, seeing people having a little
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bit more time in the ends because
they're working from home and they're not is
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a commuting or they are not into
internal meetings, or they are less internal
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meetings or they are less in the
operational stuff in a way, so they
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should have a little bit more time
in diends. But we really try to
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emphasize on the situation and tell them
brook, this is not really we're not
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trying to sell you something right now
to take advantage of the situation, but
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at the same time we need to
carry on, wait to put it together.
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You still need to work. You
have to protect your job. I've
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got to protect my job. Obviously
we don't say that, but we Gott
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of we kind of make it,
make it clear in the first sentence that
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we need to carry on. In
most people actually say yes, absolutely need
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to carry on, but you're writing
saying that you won't send me something right
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now because for the time being,
getting a coach so Altho, I getting
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the contract sign will be difficult.
But we have to carry on. We
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need to look and new technology and
it's actually it could be a good time.
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But like you, we hope that
it will come down and we will
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be able to do small gathering,
will be able to get out again and
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and and get things going in a
free things should resume to normal at some
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points. Our long it would take, we don't know. But yeah,
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we've got to pull it through and
keep going, I guess. Yeah,
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I think the important messages that eventually
we will see the other end of this
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crisis. And then, though,
big changes will definitely occur. People who
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still need the essentials, they'll go
out the shop and and our clients,
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the bit to be clients, are
enterprises, will want to serve these people.
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So we work with clients all over
the board, from energy, telecommunication,
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retail, all these need to keep
on working. Even now as we
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speak. I mean energy. Energy
companies still have to pump oil and refine
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that. So they need security.
They will need to sell it. And
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when the crisis is over, and
and and it's important to understanding the world
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is not gonna stop, but we're
probably gonna have to make adjustments both to
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how we do business and how we
interact with our without clients. That the
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quicker we do the more companies will
be better. Quay to get through this
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difficult situation. Yeah, yeah,
and it to Benest we mean you probably
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00:26:07.059 --> 00:26:10.420
don't know about it, but actually
made the decision as a company to move
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to centinel one. Think it up
and last week and I was in preparation
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of walking from home and getting getting
theeed a pice as past as part of
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00:26:19.130 --> 00:26:22.730
the something at was important for it. So, as as mentioned, you
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00:26:22.809 --> 00:26:27.769
know, technology are important. Traces
will be made based on walking from all
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00:26:27.970 --> 00:26:33.119
audio control things out. You bring
security and, as you and unfortunately hackles
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00:26:33.599 --> 00:26:37.559
everybody, you know, people will
try to take advantage. So you know
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00:26:37.920 --> 00:26:41.359
now more than ever it's important to
be secured and and if the community,
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00:26:41.440 --> 00:26:48.150
as you mentioned, can supports and
user in getting securities through free be support
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00:26:48.309 --> 00:26:52.069
content and etc. Etc. It's
IT'S A it's really all about solidarity right
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00:26:52.109 --> 00:26:56.390
now. Yes, so thank you
very much for your inside and already appreciated
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00:26:56.430 --> 00:27:00.230
you your time today. One question
that we ask towards the end of the
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of our session and our recording is
if anyone wants to get in touch with
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you. I'm sure that anyone Israel
probably knows you, but if in the
345
00:27:10.859 --> 00:27:14.539
marketing failed now, if anyone else
want to get in touch with you,
346
00:27:15.099 --> 00:27:18.210
pick up any of the topic that
we discussed today. Take their more flying
347
00:27:18.289 --> 00:27:21.650
or even a speak about scenting old
one and what'Suchin one could mean to them.
348
00:27:21.849 --> 00:27:23.769
What is the best way to get
all of you get him? So
349
00:27:23.970 --> 00:27:30.559
the best way would just approach me
through Linkedin. Very active on the platform.
350
00:27:30.319 --> 00:27:34.039
I usually answer within minutes, so
just bring me, send me a
351
00:27:34.119 --> 00:27:38.799
connection request or, you know,
comment on one of my both and I'll
352
00:27:38.960 --> 00:27:45.029
gladly interact with with egon every one
of you when as formed a full once
353
00:27:45.109 --> 00:27:48.309
again, your time. Thank you
very much for your time today. It
354
00:27:48.470 --> 00:27:51.430
was an absolute pleasure to you on
the show. Thank you for having me.
355
00:27:52.789 --> 00:27:59.380
operatics has redefined the meaning of revenue
generation for technology companies worldwide. While
356
00:27:59.420 --> 00:28:03.819
the traditional concepts of building and managing
inside sales teams inhouse has existed for many
357
00:28:03.900 --> 00:28:10.339
years, companies are struggling with a
lack of focus, agility and scale required
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00:28:10.460 --> 00:28:15.529
in today's fast and complex world of
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