82. The Best Strategies for B2B Revenue Acceleration

July 16, 2020 00:52:32
82. The Best Strategies for B2B Revenue Acceleration
B2B Revenue Acceleration
82. The Best Strategies for B2B Revenue Acceleration

Jul 16 2020 | 00:52:32

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Show Notes

It’s the 2nd anniversary of the B2B Revenue Acceleration podcast!

Our anniversary episode is dedicated to you — our clients, partners, and friends — who bring so much value to the work we do.

We are privileged today to hear from 5 outstanding guests,  Didi Dayton, Partner at Wing Venture Capital, Nathan Burke, CMO at Axonius,Bob Kruse, CRO at Obsidian Security, Timm Hoyt, Global VP, Partner Sales & Alliances at Druva, and Patrick Conte, VP of Business Development at Fortanix, about their best strategies for B2B revenue acceleration.

 

What we talked about:

- The best sales, marketing, & channel tactics for the global pandemic

- What is & isn’t essential right now

- Focusing on quality rather than quantity

- Positioning yourself for B2B revenue acceleration in uncertain times

 

To hear this interview and many more like it, subscribe to The B2B Revenue Acceleration Podcast on Apple Podcasts, on Spotify, or on our website.

View Full Transcript

Episode Transcript

WEBVTT 1 00:00:02.520 --> 00:00:08.349 You were listening to bb revenue acceleration, a podcast dedicated helping software executive stay 2 00:00:08.390 --> 00:00:12.189 on the cutting edge of sales and marketing in their industry. Let's get into 3 00:00:12.230 --> 00:00:16.350 the show. Hi, welcome to be to be a revenue acceleration. My 4 00:00:16.469 --> 00:00:20.910 name is or aim with it, and today's a bit of a special episode 5 00:00:21.030 --> 00:00:26.579 because it's our second anniversary of recording the B to be revenue acceleration, but 6 00:00:26.739 --> 00:00:32.340 cast we have now over tenzero done loads. Thank you very much people for 7 00:00:32.500 --> 00:00:35.060 listening to what we're doing is spend a bit of time doing it, so 8 00:00:35.179 --> 00:00:40.810 it's good to have a to have people consuming the content. It's our eighty 9 00:00:40.929 --> 00:00:46.850 four episodes and the topic today is is around the best strategies for B to 10 00:00:46.929 --> 00:00:49.850 be a revenue acceleration and what we want you to do. We wanted to 11 00:00:49.929 --> 00:00:55.000 have a format slightly different from from what we traditionally do, which is usually 12 00:00:55.039 --> 00:00:59.079 a one to one, and we wanted to invite some people that are some 13 00:00:59.200 --> 00:01:02.560 of them clients, some of them partners, friends, but people we've seen 14 00:01:02.679 --> 00:01:06.150 doing some great stuff over the less you years, just so they can share 15 00:01:06.709 --> 00:01:11.150 their best practices, mistakest thing they've seen in the trenches around the best strategies 16 00:01:11.230 --> 00:01:15.349 for B to be revenue acceleration. So before we get started, I'm going 17 00:01:15.390 --> 00:01:19.859 to ask every single one of the guests to shortly introduce themselves and we're going 18 00:01:19.939 --> 00:01:25.180 to start with DDPEAS I get morning everyone. Thanks so much for the time. 19 00:01:25.219 --> 00:01:29.140 I appreciate it. I'm honored to be year and my name is Dedi 20 00:01:29.180 --> 00:01:33.370 Dayton. I'm a partner with wing venture capital. We're based in Pale Alto 21 00:01:33.530 --> 00:01:38.329 and we're an early stage investor and terms of my background, sales for many, 22 00:01:38.370 --> 00:01:42.250 many years. I'm very passionate about selling and love hearing some of the 23 00:01:42.409 --> 00:01:46.810 new ideas that are out there. I was an operator for twenty years before 24 00:01:46.810 --> 00:01:53.680 joining venture and my focus area was in cybersecurity and in leveraging indirect sales and 25 00:01:53.920 --> 00:01:57.560 building out global sales teams. So very thrilled to be here. Thank you. 26 00:01:57.159 --> 00:02:01.030 On the foot, Nathan John Jamain going next. Sure. Hey, 27 00:02:01.590 --> 00:02:07.069 so I'm Nathan Burke. I'm the chief marketing officer at Exonius and this is 28 00:02:07.269 --> 00:02:13.229 my third cyber security start up, my fifth startup overall. I'm a glutton 29 00:02:13.270 --> 00:02:17.580 for punishment or another. I love building things from scratch, going from idea 30 00:02:17.740 --> 00:02:22.580 to having a product in the world and getting out the market. So thanks 31 00:02:22.620 --> 00:02:27.099 for having me, Surplesi on Nathan Tim Jamain going next. Sure, hey, 32 00:02:27.340 --> 00:02:30.289 great to be back again. Tim Hoyite, I lead the global partners 33 00:02:30.330 --> 00:02:36.050 alliances organizations for a company called Drew Ba, venture backed start up. I've 34 00:02:36.050 --> 00:02:42.050 said, my career running sales organizations both domestically and internationally, half of that 35 00:02:42.169 --> 00:02:46.360 being over in Europe at that thing in US publicly traded and privately held companies. 36 00:02:46.360 --> 00:02:50.319 So appreciate being here and look forward to a good conversation. Thank you, 37 00:02:50.439 --> 00:02:53.159 Tim. Then you want to go next to everybody knows you. You 38 00:02:53.280 --> 00:02:57.280 are the cause something ill. Oh Yeah, yeah, promotion to the cohost 39 00:02:57.439 --> 00:03:00.469 of the BTB Revenue Acceleration podcast. I guess about a year or so. 40 00:03:00.669 --> 00:03:06.389 Go now on the bbfs operatic stopping the company. About five and a half 41 00:03:06.469 --> 00:03:09.069 years, I guess. Kind of stand for everything that the company's done for 42 00:03:09.310 --> 00:03:15.139 now promote it part from the from the bottom up. So any other program 43 00:03:15.259 --> 00:03:19.139 that we're running the companies like yourself, Nathan, I was one one time 44 00:03:19.259 --> 00:03:23.819 doing that and now obviously working closely with the Redan on this podcast and our 45 00:03:23.900 --> 00:03:29.009 company as a hope, but dormin getting next and just giving us a quick 46 00:03:29.289 --> 00:03:32.849 short teams throw as to as to you and what you do. Yeah, 47 00:03:32.849 --> 00:03:38.289 absolutely so. I'M CR OF OBSIDIAN security today and we've been here for about 48 00:03:38.330 --> 00:03:40.759 eight nine months. Prior to that I was at the MST where I worked 49 00:03:40.759 --> 00:03:47.280 with operatics and the MIA specifically, and I've been in Cyber Security for twenty 50 00:03:47.319 --> 00:03:53.240 years or something like that. Forever feels like. But yeah, it's been 51 00:03:53.240 --> 00:03:58.310 fun. I've done every job from inside sales to field sales, channel alliances 52 00:03:58.550 --> 00:04:01.629 and obviously go to market leader as well. So kind of understand how the 53 00:04:01.669 --> 00:04:06.150 sausage is made, so to speak. I like that. Well, we've 54 00:04:06.150 --> 00:04:10.340 got less of experience to that. That's absolutely wonderful. So thank you all 55 00:04:10.379 --> 00:04:14.580 for your introductions. We will have one gears at Willer. That's will. 56 00:04:14.860 --> 00:04:17.779 That will jump on the fly as as we go to when he comes on 57 00:04:17.819 --> 00:04:21.379 board. La I'll ask you to introduce himself briefly. But today we really 58 00:04:21.379 --> 00:04:29.569 want to keep the conversation open, interactive, non scripted, passionate and we 59 00:04:29.689 --> 00:04:32.529 really want to share with origin some of the what you believe are your most 60 00:04:32.569 --> 00:04:38.959 valuable tips and expence of driving revenue growth within the BB Tech Wal so we 61 00:04:39.040 --> 00:04:42.920 could be recent technique. It could be things that you're planning on doing that 62 00:04:43.079 --> 00:04:46.480 you just realize now but you've not putting practice right away. But, as 63 00:04:46.519 --> 00:04:48.800 we say, ladies fell so I started with dd for the introduction, so 64 00:04:48.839 --> 00:04:51.519 I'm going to start with you with the first question, and that question is 65 00:04:51.560 --> 00:04:55.949 pretty straightforward in the simple but at the same time wide open. But but 66 00:04:56.149 --> 00:05:00.790 from your perspective, what are the strategies or tactics that you've seen vendors implement 67 00:05:00.149 --> 00:05:05.430 being the most successful? I generating room you group? Well, I think 68 00:05:05.589 --> 00:05:12.100 this period of nationwide and global pandemic is served to teach us a lot. 69 00:05:12.259 --> 00:05:15.100 And when the going gets tough, the tough get creative. So what I've 70 00:05:15.100 --> 00:05:21.769 seen is this massive insurgence of creative thinking and a lot more flexibility from customers 71 00:05:21.810 --> 00:05:26.449 as well. So, in terms of our startups, most of them are 72 00:05:26.529 --> 00:05:30.490 stretching their dollars and turning everyone in the sales people, everyone in the organization, 73 00:05:30.689 --> 00:05:35.399 is tasked with finding new opportunities and helping develop them. The key things 74 00:05:35.480 --> 00:05:41.720 are doing to maintain focus during the speriod is to reduce their burn rates and 75 00:05:42.079 --> 00:05:46.639 to keep at least eighteen months of cash on hand whenever possible. Twelve months 76 00:05:46.040 --> 00:05:49.589 really at a minimum. They're leveraging, you know, they're vc these their 77 00:05:49.589 --> 00:05:55.069 leveraging their channel partners to reduce a lot of their capital expenses and and, 78 00:05:55.829 --> 00:05:58.629 you know, making sure that they're not using all their cash. So they're 79 00:05:58.629 --> 00:06:02.149 trying to keep that very close at hand. They're also leveraging shifting some of 80 00:06:02.189 --> 00:06:06.660 their teams. So, for example, I saw one organization that turned their 81 00:06:06.740 --> 00:06:12.660 recruiters, where they were previously hiring at a rapid pace, they shifted their 82 00:06:12.699 --> 00:06:15.660 recruiters to as drs and I thought that was really interesting. For where. 83 00:06:15.660 --> 00:06:20.889 They're leveraging agencies to help them accelerate, you know, finding deals like operatics, 84 00:06:21.009 --> 00:06:26.290 and we've certainly work together on on several of our startups that have utilized 85 00:06:26.370 --> 00:06:30.370 you guys to find new deals and build pipeline. I'm also seeing, from 86 00:06:30.370 --> 00:06:34.759 a customer side, a lot of use of artificial intelligence and automation to streamline 87 00:06:35.079 --> 00:06:42.199 cost savings and find ways of accelerating their new projects. And it's also an 88 00:06:42.199 --> 00:06:46.870 era of new fiscal responsibility. So, you know, CFOs are approving everything 89 00:06:47.149 --> 00:06:51.589 and they're much more tactical in terms of what they're willing to do. The 90 00:06:51.829 --> 00:06:57.029 the final thing that I'll just kind of close with is. If you look 91 00:06:57.029 --> 00:07:00.500 at sales compensation, I think we're ready now for a whole lot more creativity 92 00:07:00.779 --> 00:07:05.740 and everyone from the CFO down seems to be much more willing to compensate sales 93 00:07:05.939 --> 00:07:14.180 for driving the right behaviors instead of just looking at revenue from a binary perspective. 94 00:07:14.220 --> 00:07:16.250 You either win or lose a deal. It's much more now about the 95 00:07:16.290 --> 00:07:20.649 ink from mental steps that you can take to get your sales team focused in 96 00:07:20.689 --> 00:07:25.889 the right places, and most of that is around relationship building with your customer. 97 00:07:26.329 --> 00:07:30.319 And you know, I know Nathan, your CMO, it's really developing 98 00:07:30.399 --> 00:07:34.879 relationships is everything right now and maintaining that relationship over time with your customers, 99 00:07:35.000 --> 00:07:41.519 finding ways of understanding them and being much more explicit about your account based marketing. 100 00:07:42.759 --> 00:07:46.550 For US internally it's about, it's been about doing individual based marketing, 101 00:07:46.589 --> 00:07:53.350 if that's a term, so finding ways to motivate a single interaction and getting 102 00:07:53.389 --> 00:07:57.629 the most out of that interaction possible for both sides. Yeah, that's a 103 00:07:57.709 --> 00:08:00.660 lot, but there you go. But as a very source for probably of 104 00:08:00.699 --> 00:08:03.500 a good thousands of question to ask you that to dig into the detail, 105 00:08:03.540 --> 00:08:05.899 but I'm going to focus on the on the main one I've got so up. 106 00:08:07.139 --> 00:08:09.579 I like what you said about the involvement of the CFO and and we've 107 00:08:09.620 --> 00:08:15.009 seen that a lot. We've seen a lot of you know, we walk 108 00:08:15.089 --> 00:08:18.610 with lots of sales people. Are Probably think that we've got into tool with 109 00:08:18.769 --> 00:08:20.850 all our clients. We probably have a good two thousand, two thousand seals 110 00:08:20.889 --> 00:08:24.529 people at all. So I'll be seeing us as a company. Okay. 111 00:08:24.649 --> 00:08:28.839 And with that you've got a bunch of them that are really good at creating 112 00:08:28.920 --> 00:08:31.440 the value and really start early in the cycle. They will go. They 113 00:08:31.480 --> 00:08:35.440 don't need to find an opportunity. You don't need you to find an opportunity. 114 00:08:35.799 --> 00:08:39.000 They've got fifty on dred key accounts to go after. They just want 115 00:08:39.000 --> 00:08:41.870 you to put them at the right level in front of the right people, 116 00:08:41.950 --> 00:08:43.950 and then they will. They will create the opportunity. And then at the 117 00:08:45.230 --> 00:08:48.950 also, and you've got what I called the deal to deal transaction. You 118 00:08:50.029 --> 00:08:52.470 know, the people would just want to take the deal and basically they expect 119 00:08:52.549 --> 00:08:58.059 the Bedea, they expect esda forward. We do it really almost provide them 120 00:08:58.179 --> 00:09:03.659 the deal opportunity on the golden plateau so they can go and grab the grab 121 00:09:03.740 --> 00:09:07.460 the purchase order and I would like to to get yourselts and I don't know 122 00:09:07.460 --> 00:09:11.889 if you seen that, but have you seen a lot of your partner clients, 123 00:09:11.970 --> 00:09:16.649 some of the companies in your part for you, actually changing the steps 124 00:09:16.690 --> 00:09:22.529 of their cell cycle to start early or to try to grab a CFO? 125 00:09:22.570 --> 00:09:26.279 Or they are redoing the budget because since covid up, and you know it's 126 00:09:26.679 --> 00:09:30.519 it's a little bit crazy, the priorities will not priorities anymore. Maybe we've 127 00:09:30.519 --> 00:09:33.159 got new priorities. What do we do with our money? To Invest? 128 00:09:33.240 --> 00:09:37.759 We not invest. I personally believe that for ourselves, person it's Jet Butt 129 00:09:37.159 --> 00:09:41.990 because people are finding out a new way. They are they need someone to 130 00:09:41.070 --> 00:09:43.909 tell them what to do. So if you start at the right level, 131 00:09:43.990 --> 00:09:48.029 you should see that as a massive opportunity to actually go and create opporunity for 132 00:09:48.110 --> 00:09:54.100 yourself. Okay, but, and it's not just a question for the debate 133 00:09:54.139 --> 00:09:56.059 the way, but have you guy seen people adapting to that? Because we 134 00:09:56.139 --> 00:10:01.019 found it really slow and even to this day to day we still saying to 135 00:10:01.059 --> 00:10:05.860 some of our clients were probably larger company less start to pe, say well, 136 00:10:05.940 --> 00:10:09.409 we need to get yourselfs gate to go and sell. We can't find 137 00:10:09.730 --> 00:10:13.289 band qualified opportunities. You know, the need doll in the eyst he's even 138 00:10:13.289 --> 00:10:18.049 multificult right now. So see, yeah, just just we should do dd 139 00:10:18.169 --> 00:10:20.210 but to the rest of the group. That's kind of my long wind winded 140 00:10:20.250 --> 00:10:26.840 question. I do see an amplification and the amount of selling that's going on 141 00:10:26.039 --> 00:10:31.879 in pitching. So there's definitely a lot more interest in for us, making 142 00:10:33.000 --> 00:10:35.350 connections, you know, into our customer base, but we're also being much 143 00:10:35.389 --> 00:10:39.909 more judicious about when we make those and how. What I will say for 144 00:10:39.990 --> 00:10:43.549 you is, you know, teaching a founder, who's a very intelligent person, 145 00:10:43.830 --> 00:10:46.990 but typically an engineer, to sell. The first thing that we do 146 00:10:46.190 --> 00:10:50.740 is teach them not to talk about feature and functionality but really now, more 147 00:10:50.779 --> 00:10:56.059 than ever, because we're pitching into the EXO, is to focus on finding 148 00:10:56.460 --> 00:11:03.570 business drivers and really tailoring your message so that you're aiming for what will make 149 00:11:03.730 --> 00:11:09.330 them better. Right. This is not about you finding a problem and trying 150 00:11:09.370 --> 00:11:13.450 to find a solution and pitch that. It's much more about talking about their 151 00:11:13.649 --> 00:11:18.559 business and aiming for what. What are the pain points in their business? 152 00:11:18.679 --> 00:11:24.200 Either to make money or to stop spending money and shifting a lot of that 153 00:11:24.360 --> 00:11:30.639 sales messaging around. You know, the CFO and particular, doesn't really care 154 00:11:30.679 --> 00:11:33.590 about what your technology does. What they care about is selling more of what 155 00:11:33.710 --> 00:11:37.750 they do or spending less on getting to market. Right. So those are 156 00:11:37.789 --> 00:11:41.830 the things that I would recommend, and that's what I'm hearing a lot, 157 00:11:41.230 --> 00:11:46.110 is please tailor your messaging to our needs as a business, as opposed to 158 00:11:46.179 --> 00:11:52.019 pitching your solution as a future functionality. Absolutely, he did. SISTEM. 159 00:11:52.179 --> 00:11:54.500 I think one of the things we've seen in particularly the past three months of 160 00:11:56.539 --> 00:12:01.690 amplify that significantly. But it's always been true, which is helping forge clear 161 00:12:01.330 --> 00:12:07.649 economic linkages to business outcomes rather than the feature functionality, and then make those 162 00:12:07.690 --> 00:12:11.210 direct correlations as well as indirect ones. And in order to do that, 163 00:12:11.289 --> 00:12:16.720 I think it's important for the marketing organization to be tuning next net message to 164 00:12:16.879 --> 00:12:20.960 Omni channels and through all the different macro touch points. And for a seller, 165 00:12:20.120 --> 00:12:24.120 whether you are a direct seller or a partner Reseller, it requires more 166 00:12:24.200 --> 00:12:28.159 work. Right. You have to take some more time to actually be proactively 167 00:12:28.279 --> 00:12:31.549 thinking about what is this customer? You know situation they're going through, a 168 00:12:31.549 --> 00:12:35.070 base upon are they in the industry that's maybe been impacted do I ready have. 169 00:12:35.110 --> 00:12:39.669 I known them for years and maybe I've got a chance to help them 170 00:12:39.710 --> 00:12:43.070 there. But it requires more thoughtful preparation. And then I think a huge 171 00:12:43.110 --> 00:12:48.059 part of it and selling is the empathy or sympathy side, is being able 172 00:12:48.100 --> 00:12:52.980 to make sure that you are asking questions, allow that person to share me 173 00:12:54.059 --> 00:12:58.289 a little bit more and these unprecedented times that allows you to authentically right, 174 00:12:58.330 --> 00:13:03.649 not auling street chase, but authentically connect your value propt back to that economic 175 00:13:03.730 --> 00:13:07.570 linkage versus. We can be faster than the other. You attack provider, 176 00:13:07.730 --> 00:13:11.210 where the case will be in the future functionality. So I think we're seeing 177 00:13:11.210 --> 00:13:13.759 at a bit in our space, but directly as we go to market within 178 00:13:13.840 --> 00:13:18.240 users as well as through our indirect routs, and I think what we'll marketing 179 00:13:18.399 --> 00:13:24.120 function can also see seals. Is that. You know, the feeling behind 180 00:13:24.159 --> 00:13:26.750 the question I ask is really around the face that people up. The way 181 00:13:26.750 --> 00:13:31.309 I felt, and I've been in this conversation for you know, pushing operatics 182 00:13:31.350 --> 00:13:33.950 and speaking to people about our services. People just hitting us and so what 183 00:13:35.110 --> 00:13:37.549 thus of people doing? What on the what's the rest of the world doing? 184 00:13:37.909 --> 00:13:41.620 And they're looking for that guidance of someone, I can tell them more. 185 00:13:41.740 --> 00:13:43.980 Look, you know, I'm not going to speak about my product here 186 00:13:43.059 --> 00:13:46.659 for a sec I'm going to tell you about what I'm saying in the market. 187 00:13:46.139 --> 00:13:48.580 But instead of saying well, this is people are just buying all stuff, 188 00:13:48.899 --> 00:13:54.500 you've got to almost play devil advocate and never know, Nest Vision on 189 00:13:56.370 --> 00:14:00.169 steppending in the market. And I think this is also getting can help with 190 00:14:00.289 --> 00:14:03.649 that story, because where you've got the story about your product and obviously, 191 00:14:03.730 --> 00:14:07.009 how you can help them. And you know, it's pretty straightforward that, 192 00:14:07.090 --> 00:14:09.679 I guess, because this is what you are doing before looking at the options 193 00:14:11.000 --> 00:14:13.399 and being able to wait the options, being able to have that conversation, 194 00:14:13.519 --> 00:14:16.200 for me, is almost the conversation at to seem with a Ras on the 195 00:14:16.279 --> 00:14:20.279 seals person prior co of it, and I think you know whis covid you've 196 00:14:20.320 --> 00:14:22.519 got to be able to say all of these are distry options that you can 197 00:14:22.559 --> 00:14:26.269 go for, you can do it yourself, you can use us, you 198 00:14:26.309 --> 00:14:28.389 can use one of full competitors or you can just get a bunch of people 199 00:14:28.429 --> 00:14:31.190 of shot doing it for you, for example. Okay, let me take 200 00:14:31.230 --> 00:14:33.629 you through this, the scenarios, and we're going to speak at the in 201 00:14:33.710 --> 00:14:37.190 the meantime, you're going to tell me about your business and where you see 202 00:14:37.230 --> 00:14:41.899 and that's why you learn from them. And I really think that creating that 203 00:14:41.139 --> 00:14:46.419 story, creating that open story of not trying to sell to them but actually 204 00:14:46.620 --> 00:14:50.700 really truly genuinely saying, look, this is bad for everyone's let me try 205 00:14:50.740 --> 00:14:54.049 to help you here and I won't push my Stub, but I will let's 206 00:14:54.090 --> 00:15:01.049 tray to find us the best solution for you and being conservative ultimately get people 207 00:15:01.129 --> 00:15:03.370 to come back in your net. There is that trieverse psychology thing where you 208 00:15:03.370 --> 00:15:05.370 said, well, you know, I may not be the best solution for 209 00:15:05.490 --> 00:15:09.960 you. Well, actually, that makes prospect likes you. So it's kind 210 00:15:09.960 --> 00:15:16.159 of a it's kind of a technique that is starting from a very good, 211 00:15:16.240 --> 00:15:20.240 you know, main set of trying to help and being consultative. But actually 212 00:15:20.509 --> 00:15:24.830 what I realize through the process and working with clans and speaking with lots of 213 00:15:24.909 --> 00:15:28.789 clients is that if he's done in a very honest, kind of blunt way 214 00:15:28.789 --> 00:15:31.110 of we may not be the resolution for you, people actually respect that much 215 00:15:31.190 --> 00:15:37.659 more someone was trying to put something down their throat. I guess the build 216 00:15:37.740 --> 00:15:43.340 on times point around showing him, they and simply some instances and trying to 217 00:15:43.700 --> 00:15:50.409 really value the solution and tailor to the prospect of speaking to I've been interested 218 00:15:50.490 --> 00:15:54.409 to know you also thought on this native I mean from the spect how we 219 00:15:54.570 --> 00:15:58.970 sell a lot ratics. We wait for about the importance of doing that, 220 00:15:58.809 --> 00:16:03.360 not only the fish benefit, not leaving to function act, but really leaving 221 00:16:03.639 --> 00:16:07.600 meeting with the B and that's something that we've always kind of fun at all 222 00:16:07.320 --> 00:16:11.360 interest in your those name and if you are saying Martin spent, that has 223 00:16:11.440 --> 00:16:15.279 actually shifted in recent time or that's something that you convoy. Yeah, it's 224 00:16:15.279 --> 00:16:18.480 funny, because two things on that. The first is everybody starts with what 225 00:16:18.519 --> 00:16:22.350 you just said. Everyone starts with feature function they like. Every single time, 226 00:16:22.789 --> 00:16:26.269 the first message is check out all of these features and and you've got 227 00:16:26.389 --> 00:16:29.309 to you've got to ring that back. But from what you were saying earlier, 228 00:16:29.710 --> 00:16:33.059 that's what I like to call selling the approach and and I really love 229 00:16:33.179 --> 00:16:37.700 that. Right. So you've got you have a problem. If you wanted 230 00:16:37.700 --> 00:16:38.620 to solve that, how would you do that? Right, let's I'm just 231 00:16:38.659 --> 00:16:41.659 going to put an approach in front of you. Forget about my product. 232 00:16:41.740 --> 00:16:44.659 Right, if you were to solve that, you would need to do these 233 00:16:44.700 --> 00:16:48.809 things and here's one way you could do it. Now, if you buy 234 00:16:48.850 --> 00:16:52.049 into that approach, whether you're going to use my product to do it or 235 00:16:52.090 --> 00:16:53.730 you're going to try to do it on your own. That's what I love 236 00:16:53.850 --> 00:16:56.450 selling before we even talked about a product. Right. So, for what 237 00:16:56.610 --> 00:17:00.889 we do at exonious, I say are if you wanted to know everything about 238 00:17:00.889 --> 00:17:03.080 every asset, how would you do it? Right, and I walk through. 239 00:17:03.559 --> 00:17:07.759 This is how we would build a solution right now. And does this 240 00:17:07.880 --> 00:17:10.160 make sense? Yes, all right, cool. So, once I get 241 00:17:10.200 --> 00:17:12.119 you to understand our approach, that's the only sale I'm trying to do, 242 00:17:12.240 --> 00:17:15.710 because I feel like if you agree with this approach, our product is going 243 00:17:15.750 --> 00:17:19.549 to do that. So I won't even talk about the the product until we've 244 00:17:19.549 --> 00:17:23.829 already agreed that this is an approach that makes sense for you and and it 245 00:17:23.990 --> 00:17:26.990 seems to work. And if you talk about product too early, it just 246 00:17:27.069 --> 00:17:30.779 turns people off because they're sick of it. I've right. And if you 247 00:17:30.900 --> 00:17:37.339 look at it that as a as an approach that I approach. You mention 248 00:17:37.500 --> 00:17:40.779 your globs and for punishment across you your five different stuff. That that you 249 00:17:40.900 --> 00:17:44.490 worked at. So is this something that you've always been doing or is it 250 00:17:44.569 --> 00:17:48.170 something that you've seen in a shift in recent time, during recent time pocket 251 00:17:48.210 --> 00:17:52.569 thread? Yeah, I think it's definitely something that I've learned over time and 252 00:17:52.769 --> 00:17:56.529 it's it's something that's evolved and I think that's part of, you know, 253 00:17:56.650 --> 00:18:00.559 the overall strategy that I've developed, and you know, the way I like 254 00:18:00.680 --> 00:18:04.119 to think of it is, if there's only if there's one strategy that's worked 255 00:18:04.119 --> 00:18:07.880 for me, for every company, and part of its reverse engineering. But 256 00:18:08.000 --> 00:18:12.509 then now it's it's on purpose and plan. That way is trying to figure 257 00:18:12.509 --> 00:18:18.430 out the intersection between motivation and behavior, and I know that's super academic, 258 00:18:18.470 --> 00:18:21.349 but let me tell you what I mean by it so I can make a 259 00:18:21.390 --> 00:18:23.750 little more tangible. Right. So, if you think of like the typical 260 00:18:25.269 --> 00:18:29.099 be to be lead to sell process, you've got someone that shows up at 261 00:18:29.099 --> 00:18:30.740 your site and they see a big like get a demo button. Now what 262 00:18:30.779 --> 00:18:34.180 does that mean to them? It means I click, that salesperson is going 263 00:18:34.220 --> 00:18:37.019 to hound me, I'm going to get on a sixty minute call and they're 264 00:18:37.019 --> 00:18:41.420 going to push a product on my throat. So it's a pretty high bar 265 00:18:41.690 --> 00:18:45.170 to click that button. And so what is their actual motivation? The motivation 266 00:18:45.289 --> 00:18:48.609 is they've got a problem. They want to figure out if your thing solves 267 00:18:48.690 --> 00:18:52.089 that problem. And so most companies, I don't know if it's many, 268 00:18:52.250 --> 00:18:56.400 but most companies, they'll do everything they can to get somebody to click that 269 00:18:56.480 --> 00:18:59.839 button and talk to a salesperson because they want to sell them something, anything, 270 00:19:00.079 --> 00:19:03.400 right. So it means they're not providing answers up front and they're hiding 271 00:19:03.440 --> 00:19:07.000 everything behind the form. They don't show the product. And so, knowing 272 00:19:07.079 --> 00:19:10.430 that like the behavior that the prospect becomes, you know they're probably not going 273 00:19:10.509 --> 00:19:14.910 to do that until it's the the last possible resort and they're going to actually 274 00:19:15.190 --> 00:19:18.190 bail and go back to search and see if somebody else answers it forum. 275 00:19:18.549 --> 00:19:19.430 And so what can we do about that? Right, so what are the 276 00:19:19.470 --> 00:19:25.339 tactics that you can use to counter that mismatch behind the motivation behavior? So 277 00:19:25.460 --> 00:19:29.460 the first thing is we can show the product, right, so videos and 278 00:19:30.019 --> 00:19:33.700 dupt documentation, all of those things. We can let them try the product, 279 00:19:33.740 --> 00:19:37.019 which is blasphemy, and Cybersecurity, right, nobody lets you try the 280 00:19:37.099 --> 00:19:40.130 thing in cybersecurity. But we could do that and then we could do things 281 00:19:40.170 --> 00:19:42.170 that are really creative and I like the DD said earlier. So we just 282 00:19:42.289 --> 00:19:48.130 tried something that we called the invisible webinar and the idea was, or invisible 283 00:19:48.130 --> 00:19:49.730 demo, whatever you want to call it. The idea was the bar is 284 00:19:49.730 --> 00:19:52.279 high to get on that sales call, right, so what if we did 285 00:19:52.359 --> 00:19:56.119 something where we showed exactly what you would see on a sales demo? You 286 00:19:56.279 --> 00:20:00.079 have to sign up for anything, you can be totally a anonymous you can 287 00:20:00.119 --> 00:20:03.160 ask questions through chat, right. So the people that aren't quite ready then, 288 00:20:03.160 --> 00:20:06.319 aren't ready to say I'm going to give you sixteen minutes to sell me 289 00:20:06.440 --> 00:20:07.950 something, they can see what they would see on a real demo. So 290 00:20:08.109 --> 00:20:11.670 the goal is, if we show enough value, then you're going to sign 291 00:20:11.710 --> 00:20:15.430 up and talk to a salesperson. So to me the idea is, like 292 00:20:15.589 --> 00:20:19.390 always are toward removing friction, giving that prospect exactly what they need to make 293 00:20:19.430 --> 00:20:22.460 a decision. and to me, a know is better than just a bunch 294 00:20:22.460 --> 00:20:26.579 of dusty names at a database and of that expecting, since I think that's 295 00:20:26.579 --> 00:20:30.619 a great strategy. Trying to get creative and also allow the customer to drive 296 00:20:30.660 --> 00:20:37.609 the conversation so you're adding value and not forcing them to give information about themselves 297 00:20:37.849 --> 00:20:42.410 and forcing a sales follow up because, frankly, it wastes everyone's time, 298 00:20:42.730 --> 00:20:47.730 wastes the sales people's time too, and their time is just as valuable, 299 00:20:47.809 --> 00:20:51.400 which is why, or I liked what you were saying about, you know, 300 00:20:51.519 --> 00:20:55.160 sometimes turning down the customer, that that can be a not just a 301 00:20:55.240 --> 00:20:59.200 tactic, but a real way of, you know, focusing on the customers 302 00:20:59.279 --> 00:21:03.119 that are relevant and where it's relevant to them. It's all that timing and 303 00:21:03.240 --> 00:21:06.910 finding the right message. Yeah, none of the things people are doing. 304 00:21:07.029 --> 00:21:08.390 Yeah, I was just gonna say it to your point. What is better 305 00:21:08.710 --> 00:21:12.069 from the sales perspective, having someone that's already interactive with your product, already 306 00:21:12.069 --> 00:21:17.509 seen it, already experienced it. Right. So we just launched our first 307 00:21:17.549 --> 00:21:19.859 like self service trial. We did it really limited and, you know, 308 00:21:21.019 --> 00:21:23.900 one of the first person, the first people that came through, immediately got 309 00:21:25.099 --> 00:21:29.140 up and running, got set up and then, in parallel, someone else 310 00:21:29.220 --> 00:21:32.220 from their team asked for a demo. The two of them got together and 311 00:21:32.380 --> 00:21:34.650 now six people are going to be on the demo call from the original one 312 00:21:34.970 --> 00:21:38.970 and they've already played with the product for a week. They already saved queries, 313 00:21:38.970 --> 00:21:42.650 they've already done all these like milestones that show us that they know what 314 00:21:42.690 --> 00:21:45.849 they're doing, that they've seen some value. How about that? On our 315 00:21:45.930 --> 00:21:51.000 first sales call versus a here's our slide. We were founded in this year. 316 00:21:51.039 --> 00:21:53.200 We have this much fun thing, like you, a wholly different conversation. 317 00:21:53.240 --> 00:21:56.920 Yeah, so, but I'm just going to tell to you because I 318 00:21:57.039 --> 00:22:00.430 know that I took CGM. Well, first of all, you account really 319 00:22:00.470 --> 00:22:03.910 remembered the exact to what that you win, but I think you want the 320 00:22:04.069 --> 00:22:11.470 descendbacks innovation. Is it righte? Yes, so I think that's pretty good. 321 00:22:11.950 --> 00:22:17.059 We that does send back out the second one being sorry. But but 322 00:22:17.140 --> 00:22:19.180 I also know through the work we do together that that's your guys are really 323 00:22:19.220 --> 00:22:22.140 quite straightforward about your Soli Shit. You give it out there for people to 324 00:22:22.220 --> 00:22:27.500 go and try it, very confident about about the the outcome that they would 325 00:22:27.500 --> 00:22:32.009 get, and you know in which you've build. So what are your social 326 00:22:32.049 --> 00:22:33.569 know that and and the conversations of home. Yeah, I mean, I 327 00:22:33.650 --> 00:22:37.450 was gonna SPEAK UP, Nathan drought, from interesting points. You know, 328 00:22:37.529 --> 00:22:41.329 it seems to be a perennial debate on somebody asks for free trial, is 329 00:22:41.410 --> 00:22:45.480 it a lead for the inside sales team to interact with? You know, 330 00:22:45.599 --> 00:22:49.759 how much self administration should there be? You know, deal at emails and 331 00:22:49.880 --> 00:22:52.519 things like that, and and you know how you know. Do you want 332 00:22:52.599 --> 00:22:56.519 to qualify? It's a product. Always engineering in the product side. You 333 00:22:56.559 --> 00:23:02.069 know they want to kind of make sure that somebody's guided and no potential leads 334 00:23:02.069 --> 00:23:07.349 left untouched, that sort of thing. Sales wants to control everything and you 335 00:23:07.589 --> 00:23:11.190 just give everybody a big bear hug and try to talk to him. So 336 00:23:11.789 --> 00:23:15.700 it's a it's a debate on whether or not how much selfadministration should we have, 337 00:23:15.940 --> 00:23:21.579 versus to we go ahead and just start attacking them with our sales awesomeness. 338 00:23:22.099 --> 00:23:23.460 So that, I mean, it's an active debate internally right now. 339 00:23:23.940 --> 00:23:27.130 So whenever you've got half an hour, I will show you exactly how we 340 00:23:27.250 --> 00:23:30.329 came to the conclusion and how we built it, because we put a ton 341 00:23:30.369 --> 00:23:36.170 of thought into that too, and this is like literally three days in having 342 00:23:36.250 --> 00:23:38.210 it. So we're it's brand new and we've put a lot of thought into 343 00:23:38.210 --> 00:23:40.769 it. It was a lot of fun out well, I tell you, 344 00:23:40.849 --> 00:23:44.599 that first one come through was like magic. Look at you, your smile. 345 00:23:44.640 --> 00:23:48.240 I love that. Yeah, very fascinative on it. Some points called 346 00:23:48.279 --> 00:23:53.200 by marketing at Deconius. Well, yeah, and my previous company, to 347 00:23:53.279 --> 00:23:57.549 Missto it was our number one lead source and I think it kind of had 348 00:23:57.710 --> 00:24:03.190 more of the self administration, you know, less sales awesomeness involved. And 349 00:24:04.710 --> 00:24:08.029 but then again, you know, in the COVID era everything's like so dear. 350 00:24:08.190 --> 00:24:12.819 When we get a lead, we just want to leg tackle and and 351 00:24:14.299 --> 00:24:18.059 you know, Polish it. Yeah, you know, it just yeah, 352 00:24:18.140 --> 00:24:22.859 so I'll definitely take up on that, Nathan, for sure. But sorry, 353 00:24:25.569 --> 00:24:29.009 and have of interest. you run me invisible Webino. I'm not sure 354 00:24:29.049 --> 00:24:33.210 when that was, but I'm busy contact one. were making visibles that. 355 00:24:33.289 --> 00:24:38.880 Have you seen any of those come to fruition yet? Right, so I'll 356 00:24:38.920 --> 00:24:41.079 tell you. It's too early to say, because the first one, who 357 00:24:41.119 --> 00:24:45.720 was an abject failure because the tape, so I swear to you, and 358 00:24:45.839 --> 00:24:51.000 I shot a video and didn't like then, but I practiced this fifteen times, 359 00:24:51.079 --> 00:24:55.349 no question right, and the day that it went live the stream just 360 00:24:55.470 --> 00:24:57.710 didn't work. It didn't work at all. So I had, you know, 361 00:24:57.789 --> 00:25:02.869 a hundred and fifty or so people on the site and I could see 362 00:25:02.869 --> 00:25:06.390 them all saying, I think there's a technical problem, and so it didn't 363 00:25:06.390 --> 00:25:10.900 work at all. But what I did is so I ended up just putting 364 00:25:11.299 --> 00:25:14.619 because I had practiced fifteen times, I had actually recorded a run through, 365 00:25:15.099 --> 00:25:17.220 so I put the run through the on and then I sent, you know, 366 00:25:17.339 --> 00:25:18.299 to everyone in the database, I sent a note saying, you know, 367 00:25:18.380 --> 00:25:22.009 this was a failure whatever and we're going to do it again. And 368 00:25:22.049 --> 00:25:25.049 that was like a month ago. I finally got over it and crawled out 369 00:25:25.049 --> 00:25:29.690 from under the settles do this thing right and figured out the technology. But 370 00:25:30.130 --> 00:25:33.650 a crazy thing happened, which is immediately I started getting emails from people that 371 00:25:33.730 --> 00:25:37.599 would never ever answer my email before, and they're all pretty much the same. 372 00:25:38.039 --> 00:25:41.920 One part making fun of me, which is totally valid. That's what 373 00:25:42.039 --> 00:25:45.079 you get for calling it an invisible webinar. It was. It was perfectly 374 00:25:45.160 --> 00:25:48.160 invisible, like, okay, you guys got me, I'm going to change 375 00:25:48.160 --> 00:25:51.910 the name next time. But then it was. But you know what, 376 00:25:52.190 --> 00:25:55.829 like this happens to everybody. Anyone is that's been in technology for more than 377 00:25:55.829 --> 00:25:59.750 a minute has had something like this happened. And I'll check out the video 378 00:25:59.990 --> 00:26:03.029 and tell me when you're doing the next one. And it was staggery. 379 00:26:03.069 --> 00:26:06.579 How many people did that? And not only that, and I swear to 380 00:26:06.660 --> 00:26:08.579 you I didn't design it to way. Not only that, we had more 381 00:26:08.700 --> 00:26:12.099 demo request that day than any other day in history of the cup. And 382 00:26:12.140 --> 00:26:15.539 yes, some of them already turned into opportunities that were just a month ago. 383 00:26:17.019 --> 00:26:21.690 So yeah, I mean, obviously you don't plan to fail. It's 384 00:26:21.809 --> 00:26:23.609 a lot of it is in how you respond to it. But I think 385 00:26:23.690 --> 00:26:29.529 that's the other thing about right now is that I think people understand that there 386 00:26:29.569 --> 00:26:30.930 are going to be mistakes and that we're all kind of human right now and 387 00:26:32.009 --> 00:26:33.359 nobody's going to be perfect. I mean, every zoom call you're on, 388 00:26:33.799 --> 00:26:37.599 you usually you'll see a dog run through here or a six year old or 389 00:26:37.640 --> 00:26:42.319 whatever. Right, people are are much more willing to understand when things like 390 00:26:42.440 --> 00:26:45.480 this happen. But but yeah, so I think that was a good example 391 00:26:45.559 --> 00:26:48.990 and we're going to try it again. I couldn't believe that there are that 392 00:26:48.069 --> 00:26:52.390 many people on it and I couldn't believe there are only people on it that 393 00:26:52.470 --> 00:26:55.509 couldn't see anything. So it was a blessing, Anna Curse. But yeah, 394 00:26:55.589 --> 00:26:59.589 we're going to try it again in a couple of weeks. But yeah, 395 00:26:59.589 --> 00:27:03.099 I think it does work because exactly that right. I want to see 396 00:27:03.099 --> 00:27:06.299 this thing, but I don't want to have to be part of a sales 397 00:27:06.339 --> 00:27:07.740 cycle yet. So she's just show me the thing and then if the thing 398 00:27:07.779 --> 00:27:11.940 is enough value, then great, I'll bring a couple of people in and 399 00:27:12.019 --> 00:27:15.730 you should ended touy Um and by making a slate mistakes it there in getting 400 00:27:15.930 --> 00:27:18.650 getting it, I'm in the first place, which is fantastic, and just 401 00:27:18.809 --> 00:27:22.690 just things we can I agree with you. Have thing to people appreciate the 402 00:27:22.809 --> 00:27:26.930 fight that you tray something you I think that's sort of so the defriends, 403 00:27:26.450 --> 00:27:30.680 you know, when theyverybody's again string to send stone at them. Everybody's trying 404 00:27:30.759 --> 00:27:34.400 was the same thing, to send Baiti's Day. I need ails in Linkedin, 405 00:27:34.519 --> 00:27:37.839 whatever you want. People just come and try to sell you some fake 406 00:27:38.160 --> 00:27:41.960 but you see something, I'm actually it's good. One thing I said, 407 00:27:42.640 --> 00:27:45.150 I was going to say. They'll just on that point. The one thing 408 00:27:45.190 --> 00:27:48.029 I've said a bunch of times is the next time big hack happens, like 409 00:27:48.109 --> 00:27:51.750 a Sony or target, I want to just go over to the window and 410 00:27:51.789 --> 00:27:53.390 put your head out and put your ear out the window and your here, 411 00:27:53.430 --> 00:27:57.579 you'll hear the sounds of a million power point next updating, because every single 412 00:27:57.700 --> 00:28:03.859 marketer is going to say we would have stopped the Sony target or whatever breach 413 00:28:03.980 --> 00:28:07.980 with our technology, like everyone. Thanks generation. Think that it's not just 414 00:28:07.180 --> 00:28:11.140 next judge's and next ens a next Gen. as a thank clause, we've 415 00:28:11.180 --> 00:28:15.890 got PAT pats. Thanks for draining us for know that you had a very 416 00:28:15.930 --> 00:28:18.809 important call, so we really appreciate that. You. You can come in 417 00:28:19.130 --> 00:28:23.849 and join us. We've us all our guests to very brief interchus them side. 418 00:28:25.170 --> 00:28:27.279 So you man, just giving us a quicker, quick in trust to 419 00:28:27.480 --> 00:28:32.960 you, are we you walk quiz and yeah, just a quick we expect 420 00:28:33.039 --> 00:28:36.599 contact. Sure, sure, thanks air really and great to a see you 421 00:28:36.640 --> 00:28:41.319 again. Hello, Katerina, nice to see you too and nice to see 422 00:28:41.319 --> 00:28:45.430 everybody. Yeah, my name is Patrick County on the Vice President Business Development 423 00:28:45.509 --> 00:28:49.910 for Cyber Security Company, for Tanic, but I've I've known opera had for 424 00:28:49.950 --> 00:28:53.789 a long time because I hired them a couple of times in my previous company, 425 00:28:53.829 --> 00:28:57.980 High Trust, when I was running international business for for that company and 426 00:28:59.099 --> 00:29:04.220 Global Business Development. So let's see, I've been about me. This is 427 00:29:04.339 --> 00:29:08.779 my seventh start up, so obviously I haven't learned my lesson yet and it 428 00:29:08.859 --> 00:29:15.250 probably never will. And I think as everybody on this called probably feels your 429 00:29:15.369 --> 00:29:19.329 DNA changes at some point in time and you know exactly sure when that happens, 430 00:29:19.410 --> 00:29:23.480 but you certainly know what after happens. And you know looking forward to 431 00:29:23.759 --> 00:29:32.599 hopefully having another successful run here at Portannex and in back Portanics, unbeknownst to 432 00:29:32.640 --> 00:29:36.319 me, already started working with you guys in Europe and now we're going to 433 00:29:36.400 --> 00:29:40.509 expand into the US and doing some initiatives. So I'm very glad to see 434 00:29:40.509 --> 00:29:44.470 that and and I think it's think it's well learned on your all part. 435 00:29:44.990 --> 00:29:48.150 It's it's done making a taking advantage of our relationship, but without letting US 436 00:29:48.230 --> 00:29:52.619 know. Going behind my back to speak to Faltonis my go should have been 437 00:29:52.660 --> 00:29:56.339 mine, but well, you know, one of us those each other. 438 00:29:56.539 --> 00:30:02.779 Some drinks are really and so what will me to you? The last thing 439 00:30:02.859 --> 00:30:06.339 we did that she ended up in a quite, to yea digitous situation. 440 00:30:06.420 --> 00:30:11.369 But that so just coming back to you, but very quickly. I mean, 441 00:30:11.450 --> 00:30:14.329 is there anything that you've seen? So I know that you guys have 442 00:30:14.410 --> 00:30:17.049 been doing lots of fine tuning, also at obsidy. And because you're like 443 00:30:17.289 --> 00:30:22.519 startups getting going. You've got covied opening in the in the midst of everything 444 00:30:22.559 --> 00:30:26.680 happening, and it's got too he's got to be even more difficult for you 445 00:30:26.759 --> 00:30:30.039 guys to can of find your feet, adapt to the situation and do everything 446 00:30:30.119 --> 00:30:32.400 at the same time. But but what have you seen? I've you seen 447 00:30:32.440 --> 00:30:36.589 anything or any any spots? Do not behave your from yourself. Team that 448 00:30:36.670 --> 00:30:38.670 you think is is. You know, you you could, you could do 449 00:30:38.829 --> 00:30:42.269 most mentioned of best practice. So some feat that that would recommend people are 450 00:30:42.309 --> 00:30:45.069 doing. Yeah, I mean I think it's an evolving story. We're all 451 00:30:45.109 --> 00:30:48.789 trying to figure out what the New Economy and situation, you know, means 452 00:30:48.950 --> 00:30:53.819 for the sale cycle that we're used to, because I think it's changing, 453 00:30:53.859 --> 00:31:00.059 obviously, and so you know, we're in a unique position, and maybe 454 00:31:00.299 --> 00:31:03.579 there's some other folks too, but we're trying to create a new space. 455 00:31:03.700 --> 00:31:07.890 You know, we call a cloud detection and response on CDR and you know 456 00:31:08.289 --> 00:31:12.369 we're very happy to see competitors of other people start using that same acronym. 457 00:31:12.890 --> 00:31:17.369 Kind of means it's catching on. Yeah, essentially, what we're trying to 458 00:31:17.410 --> 00:31:22.319 do is narrow the aperture and get very specific, because I think that what 459 00:31:22.440 --> 00:31:26.519 I found is that there may not be as many opportunities popping up, but 460 00:31:26.599 --> 00:31:30.279 the ones that are engaged are very real. So the quantities gone down with 461 00:31:30.319 --> 00:31:33.990 the qualities increased. Yeah, and one of the things we've done is, 462 00:31:34.150 --> 00:31:41.710 like, you know, we've gone right after the zoom usage trend here and 463 00:31:41.829 --> 00:31:47.029 try to protect zoom for the enterprises that seems to be able to provide our 464 00:31:47.069 --> 00:31:52.380 internal champions with the ability to surface it internally and, you know, bring 465 00:31:52.460 --> 00:31:56.299 it to their boss and that sort of thing. But so we're we're making 466 00:31:56.380 --> 00:31:57.980 some big bets zooms, one of them the vertical, as he knows, 467 00:31:59.059 --> 00:32:04.809 Fintech. You know, I think it's really really critical right now to again 468 00:32:05.410 --> 00:32:07.970 have as much focus and near the aperture as much as possible because, yea, 469 00:32:08.369 --> 00:32:10.609 you know, there's just you know, the one thing is is like 470 00:32:10.690 --> 00:32:15.369 everybody's trying to do a happy RV is zoom or something like that. You 471 00:32:15.450 --> 00:32:19.759 know, people are theoretically more available because they're locked online and on their desk, 472 00:32:20.880 --> 00:32:23.279 but I also think, you know, to Nathan's point, you know, 473 00:32:23.319 --> 00:32:25.720 if you stick your head out the window, you can hear people sending 474 00:32:25.839 --> 00:32:30.630 out zoom happy hours and, you know, alcohol kits and things like that. 475 00:32:30.789 --> 00:32:34.990 I think that's already worn out. Yeah, so the challenges is now 476 00:32:35.069 --> 00:32:38.670 an you do and you know, a finger painting kit? I don't know 477 00:32:38.750 --> 00:32:43.789 what he send out. So I mean that actually, that's a pretty good 478 00:32:43.829 --> 00:32:45.700 it is but anyway, just kidding. But you should keep an eye on 479 00:32:45.819 --> 00:32:51.299 this. I think it's an ever evolving to new economy. It's a new 480 00:32:51.819 --> 00:32:53.460 reality and I think, yeah, going to be a new sales. So 481 00:32:53.819 --> 00:32:57.700 just keep an our eye on it and trying to monitor and dial it every 482 00:32:57.700 --> 00:33:00.650 day. Yeah, and I think you know, try to zoom. Try 483 00:33:00.650 --> 00:33:07.250 to zoom pictionary with without the halt. That works our card cards against humanity. 484 00:33:07.569 --> 00:33:09.329 Maybe that's fantastic. That would you that. That would doubt the be. 485 00:33:09.890 --> 00:33:13.839 So we had all fast day back in do you offishally trendy a week 486 00:33:13.839 --> 00:33:16.960 or so ago, and we blake out against humanity at lunch time and and 487 00:33:17.240 --> 00:33:20.920 you know I did. I did indeed, with that game, with some 488 00:33:21.079 --> 00:33:25.160 singing and laughing like there's that, I managed to get some tracious combination. 489 00:33:25.720 --> 00:33:30.150 That's some some wouldn't appreciate, but there you go. But not, I 490 00:33:30.230 --> 00:33:32.750 think you know, one of the if had we've done with you, lass 491 00:33:34.230 --> 00:33:37.670 and what we realize through the conversation that we ad with you, but your 492 00:33:37.710 --> 00:33:43.259 team is the target market are shrinking. We can go after everyone like we 493 00:33:43.339 --> 00:33:45.579 used to do before. You know, if you look at obviously the US 494 00:33:45.660 --> 00:33:49.259 economy is quite large, but I'm friend. So if you look at the 495 00:33:49.339 --> 00:33:52.339 French economy, you look at the first forty accounts in front the Qeq forty, 496 00:33:52.859 --> 00:33:57.849 you've got their force, you've got are bus, you've got so dick 497 00:33:57.930 --> 00:34:01.609 so, which are basically a complied service company, a hotel, you know. 498 00:34:02.170 --> 00:34:05.849 So out of the check forty, that's already ten percent that you can't 499 00:34:05.849 --> 00:34:08.210 address. I mean those guys are in in a terrible situation. But then 500 00:34:08.250 --> 00:34:14.400 I can go on pusual runos try and, you know, value, which 501 00:34:14.440 --> 00:34:16.559 is suppledg of all those guys. So you end up with a current CAC 502 00:34:16.599 --> 00:34:21.000 forty that is basically a KCT twenty. And I think this is why, 503 00:34:21.920 --> 00:34:24.269 you know things needs to addapt because it's almost like you can't address as much 504 00:34:24.269 --> 00:34:29.269 people as you could be for us, and I think it's important for sales, 505 00:34:29.429 --> 00:34:34.190 as we said, seals should spend more time addressing better what's left to 506 00:34:34.269 --> 00:34:37.190 address, and marketing should support them in doing so, you know, and 507 00:34:37.269 --> 00:34:39.579 the story should be there and and then after I think it's a conversation of 508 00:34:39.619 --> 00:34:44.980 getting into the accounts and, despite the fact that you have less and despite 509 00:34:45.059 --> 00:34:47.340 the fact that you owned the pressure to make numbers, it's to have a 510 00:34:47.420 --> 00:34:51.179 conversation of thing will look. Tell me what you're trying to achieve from a 511 00:34:51.179 --> 00:34:53.130 business perspective. I'm going to tell you what work, but I canna tell 512 00:34:53.130 --> 00:34:55.690 you about the value we can bring. But we need to see if there 513 00:34:55.769 --> 00:35:00.769 is a much on no match. But your point also is that most of 514 00:35:00.929 --> 00:35:04.289 for colons, I said ninety percent of the people we work with. We've 515 00:35:04.289 --> 00:35:07.239 also at events with like CIO or online stuff that we've done with is Sei, 516 00:35:07.280 --> 00:35:10.280 UCIS, so ctus, you name it, some people who are making 517 00:35:10.320 --> 00:35:15.679 decision in buying. Everybody's saying the same thing. When a decision is made, 518 00:35:15.920 --> 00:35:17.920 the cell cycles are fifty percent the lens of what they were before. 519 00:35:19.199 --> 00:35:21.989 It doesn't take nine months anymore to get things done. You know, when 520 00:35:22.030 --> 00:35:25.070 we have decided to do something in stree months time, is implemented and and 521 00:35:25.150 --> 00:35:29.750 the thing that there is a sort of velocity in the cell cycle, in 522 00:35:29.829 --> 00:35:34.750 the decision making process. But you know, from my personal perspective, I 523 00:35:34.869 --> 00:35:38.019 do believe that cells needs to addapt in the mob. I know it sounds 524 00:35:38.059 --> 00:35:42.820 a little bit cliche, but that challenge yourselves, methodology, that challenge ourselves, 525 00:35:42.900 --> 00:35:46.300 method of going to the prospect and actually not trying to sell them something, 526 00:35:46.420 --> 00:35:50.730 but trying to help them, trying to under some what they're trying to 527 00:35:50.730 --> 00:35:52.809 achieve. And so, you know what, you're not for me, like 528 00:35:52.969 --> 00:35:54.289 you would do on the date. You know you could date with someone. 529 00:35:54.409 --> 00:35:59.690 She's extremely good looking or is extremely good looking, so on the first safe 530 00:35:59.690 --> 00:36:01.409 of it's going to be a good one. And then you speak to them 531 00:36:01.449 --> 00:36:05.519 and there is nothing inside and you'll be like laughs, you know, that's 532 00:36:05.559 --> 00:36:07.199 not for me. I don't really want to see you again. You won't 533 00:36:07.239 --> 00:36:08.400 force yourself for you and I think you should do the same in a cell 534 00:36:08.480 --> 00:36:13.679 cycle and not be scared of not finding another beautiful person that you could emit, 535 00:36:14.199 --> 00:36:16.000 because you know it's if you unfull for lad he is probably not what 536 00:36:16.119 --> 00:36:21.750 matters to you. And and hugging the opportunity trying to push people to do 537 00:36:21.909 --> 00:36:24.909 things. Being insistent won't give you anything in the cell cycle. It will 538 00:36:24.949 --> 00:36:30.110 actually retake people. So so, yeah, but that's that's makes to sense 539 00:36:30.150 --> 00:36:34.460 on that. Yeah, I mean I think you know goes about saying there's 540 00:36:34.460 --> 00:36:36.900 going to be haven't had knots, winners and losers. I think it's going 541 00:36:36.940 --> 00:36:40.179 to be a pretty start line, given this economy. You know, clearly 542 00:36:42.340 --> 00:36:45.739 I forgot the acronym, but it's basically you know, anything in tourism hotels 543 00:36:45.860 --> 00:36:52.250 like course you mentioned hurting right, very much so. But you know what, 544 00:36:52.329 --> 00:36:57.170 I think overall not to be you know, poor ten doom. But 545 00:36:58.250 --> 00:37:01.000 you know, clearly, you know the US of a is doing a really 546 00:37:01.239 --> 00:37:05.639 crappy job on this, on the covid thing, and you know it kind 547 00:37:05.639 --> 00:37:09.559 of waiting for the next economic shoot to drop as a result of kind of 548 00:37:10.360 --> 00:37:15.000 you know what's going on out there. So it's there. Everybody's kind of 549 00:37:15.000 --> 00:37:17.789 a wait and see. To d these point earlier is cash preservation mode and 550 00:37:20.070 --> 00:37:24.389 I've got a lot of resumes my inbox, but anyway, it's it's still 551 00:37:24.429 --> 00:37:27.909 kind of a wait and see mode for a lot of folks. Yeah, 552 00:37:28.309 --> 00:37:35.059 yeah, and we foken broken narrow guess about from out the mult expect tim 553 00:37:35.780 --> 00:37:38.940 the channels. Time. Nathan sharing some of this dropt togg against that. 554 00:37:39.099 --> 00:37:44.409 What time for him and some of the things they point more recently to have 555 00:37:44.650 --> 00:37:50.730 short time positive impact. But what if some of the strategies you've got utilize, 556 00:37:50.769 --> 00:37:55.210 I guess, could be robust through through both the previous Evenus, if 557 00:37:55.489 --> 00:38:00.880 the actually well, if you move different companies, your scenario? Well, 558 00:38:01.440 --> 00:38:05.000 I think, just to play off a litt bit of the last commentary, 559 00:38:05.000 --> 00:38:08.239 I absolutely agree that the history of the future is not yet fully written. 560 00:38:08.360 --> 00:38:12.800 But I think early in your commentary about, you know, the CAC forty, 561 00:38:12.840 --> 00:38:15.829 as others shrinking actually could be a favorable thing ultimately, because how many 562 00:38:15.829 --> 00:38:22.269 times did we kid ourselves that we could actually hit every customer? Need segmentation 563 00:38:22.309 --> 00:38:28.539 wise, vertical wise, etc. So some of that natural consolidation of the 564 00:38:29.780 --> 00:38:35.619 lovely partner potentials and the bar has gone down quite dramatically and so it gives 565 00:38:35.619 --> 00:38:38.820 us a lot, you know, I think, more target rich environment and 566 00:38:39.340 --> 00:38:43.050 to some of things that Nathan was talked about about, you know, being 567 00:38:43.130 --> 00:38:45.650 more specific and intent on how you reach out to those and getting some of 568 00:38:45.690 --> 00:38:51.409 these classical sales and marketing internal disputes of what is a good mql Tos ql 569 00:38:51.449 --> 00:38:52.809 and having that Dick Ring and fighting. I think there's a lot of really 570 00:38:53.530 --> 00:38:59.320 forget the humanistic side and the economic sided. I'm sobered all that being intensely 571 00:38:59.360 --> 00:39:02.360 catastrophic, but there's always a silver lying touch wood. I think this could 572 00:39:02.360 --> 00:39:07.920 be an amazing way for be to be selling and marketing and GTM to actually 573 00:39:07.920 --> 00:39:10.710 learn a lot right and get out some of the laziness and maybe some of 574 00:39:10.750 --> 00:39:15.150 the habits that we performed over the past twenty years of enterprise p tob selling. 575 00:39:15.989 --> 00:39:17.949 So as it as it relates to the partner side of things, you 576 00:39:19.030 --> 00:39:22.750 know, I think some of the tried and true pieces that I've seen both 577 00:39:22.829 --> 00:39:27.940 as a direct seller and a partner seller, is one know the customer right. 578 00:39:27.980 --> 00:39:30.619 So if you're a vendor and you have a you know, an intent 579 00:39:30.780 --> 00:39:35.900 or in direct sales motion, far too often I find that the the customer 580 00:39:36.179 --> 00:39:38.449 which is right is the end user and that's where all of the cross functional 581 00:39:38.489 --> 00:39:44.610 alignment attention goes, the website, the branding, the DG campaigns, the 582 00:39:45.329 --> 00:39:49.889 order administration focus, etc. And then that partner side of the business is 583 00:39:49.929 --> 00:39:54.119 often neglected and depending upon what percentage of that business is already, or you're 584 00:39:54.119 --> 00:39:58.559 intended to have come generated from your partners, which ultimate is what you're trying 585 00:39:58.599 --> 00:40:01.519 to get them to do. Looking at your partner community as the customer and 586 00:40:01.679 --> 00:40:06.840 having a separate, dedicated motion that still blends in well with all the things 587 00:40:06.840 --> 00:40:09.429 you're trying to do of ease of doing business, of the narrative in the 588 00:40:09.510 --> 00:40:15.269 story, of the the company's value, proper business objectives and technical differentiation, 589 00:40:15.630 --> 00:40:21.500 but really treating that for how a partner consumes and what language they need to 590 00:40:21.579 --> 00:40:24.539 ultimately become a extension of your sales force, which is which is what we're 591 00:40:24.539 --> 00:40:29.219 trying to go do, so that that's something that has been tried and true 592 00:40:29.219 --> 00:40:34.619 and and in times like these is is even more critical. We're finding is 593 00:40:35.019 --> 00:40:37.690 is some of commentary has been is shoot a lot of ours. You know, 594 00:40:37.809 --> 00:40:42.090 our partner sellers right a big resellers at the regional boutique bars, at 595 00:40:42.130 --> 00:40:45.409 the Global Siye, they're in the same spot that many of the customers are, 596 00:40:45.449 --> 00:40:47.090 which is I can't go see my customer, I'm sit in front of 597 00:40:47.090 --> 00:40:52.800 my laptop. My tradition, little things of selling that maybe have been, 598 00:40:52.039 --> 00:40:55.960 you know, on Prem Centric, and maybe that nice to have, not 599 00:40:57.079 --> 00:40:59.719 a must have or being delayed. What are the things I can go sell 600 00:40:59.880 --> 00:41:02.559 now? And I think it creates an opportunity for maybe bom things like you 601 00:41:02.599 --> 00:41:06.510 guys are doing, creating a new new market, which is hey, this 602 00:41:06.670 --> 00:41:10.309 isn't something that's oversaturated. That next server, that next laptop or that next 603 00:41:10.349 --> 00:41:15.030 piece of software. And how do you then? Can you have the right 604 00:41:15.429 --> 00:41:20.300 enablement, the right messaging, the right empowerment for that partner to allow them 605 00:41:20.380 --> 00:41:23.780 to take your message going forward so that, knowing your partners are customers, 606 00:41:23.940 --> 00:41:30.179 there is a critical element in times of froppiness and times of blast half half 607 00:41:30.260 --> 00:41:35.010 empty as well. Yeah, I comment on that, of course. Yeah, 608 00:41:35.289 --> 00:41:37.289 I think you're touching on some great points there, Tim and, and 609 00:41:37.369 --> 00:41:43.210 I think that speaks to the changing nature of relationships where a customer as a 610 00:41:43.289 --> 00:41:47.119 partner and a partner is an advocate and not just looking at sort of these 611 00:41:47.280 --> 00:41:53.920 traditional, somewhat limited views of what a relationship and business interaction needs to look 612 00:41:53.960 --> 00:41:59.000 like. And a lot of that is being driven by cloud and by, 613 00:41:59.400 --> 00:42:02.949 you know, technology and artificial intelligence and automation and a lot of these tools 614 00:42:02.989 --> 00:42:07.510 that are giving us new insights and also the ability I think, for organizations 615 00:42:07.630 --> 00:42:13.030 to conceive of new ways of doing business, and that's driven also by necessity. 616 00:42:13.550 --> 00:42:16.420 So just a couple things that I'm seeing from the VC side is these's 617 00:42:16.420 --> 00:42:20.579 are getting a lot more creative also, and a lot more supportive with their 618 00:42:20.579 --> 00:42:23.260 early stage companies. They're making a lot more connections. But we're doing things 619 00:42:23.420 --> 00:42:30.369 like customer advocate round tables where you have a customer that is in a room 620 00:42:30.530 --> 00:42:37.250 with multiple vendors and or one vendor in with multiple customers and it's a round 621 00:42:37.289 --> 00:42:44.599 table to talk about a specific discussion topic. I'm also seeing stacking of solutions 622 00:42:44.639 --> 00:42:51.280 and doing demo days where you have multiple values that are blended into one architectural 623 00:42:51.440 --> 00:42:54.039 solution, one stack. So we're working right now, for example, on 624 00:42:54.079 --> 00:42:59.309 the remote stack and what goes into that. You know what products and solutions 625 00:42:59.750 --> 00:43:05.550 can be really optimistic and optimizing for your remote workforce management? A lot of 626 00:43:05.670 --> 00:43:12.070 solutions right now are focusing on, you know, deriving insights with artificial intelligence 627 00:43:12.269 --> 00:43:15.699 and how do you get your sales teams to become better at what they do 628 00:43:15.860 --> 00:43:20.900 by aggregating all of the conversations at every seller's had with every customer and getting 629 00:43:20.900 --> 00:43:23.539 insights from those from solutions, you know, like Gong and Clary and we 630 00:43:23.619 --> 00:43:27.889 have another one called set sale. That's a spiff and enhancing solution. So 631 00:43:28.329 --> 00:43:35.210 elevating the conversation by using tools and getting more to the heart of what that 632 00:43:35.449 --> 00:43:39.369 customer needs at that time. I think that's really you know, synthesizing what's 633 00:43:39.369 --> 00:43:44.679 going on in the market and then not limiting the conversation with a single entity 634 00:43:45.079 --> 00:43:49.159 and maybe real looking at your supply chain and your workforce and your customer base 635 00:43:49.280 --> 00:43:53.079 and all your constituencies and trying to find opportunities that exceed what would be the 636 00:43:53.639 --> 00:43:57.869 sort of traditional relationship. Ye, now, that was a lot, but 637 00:43:58.429 --> 00:44:01.030 there's really would make sense not during a conversation. Yeah, thank you'll makes 638 00:44:01.070 --> 00:44:07.349 sense and you know, it's very, very valuable insight from your sight. 639 00:44:07.510 --> 00:44:09.980 Pat. You know, you a portrait to as someone who's got to a 640 00:44:10.059 --> 00:44:14.500 tremendous atrophic experience and both side of the Atlantic. I know that you've been 641 00:44:14.619 --> 00:44:19.179 direct sells lots of channel relationship as well. What are the do and dawn? 642 00:44:19.380 --> 00:44:22.619 So what would be, you know, if you had one thing to 643 00:44:22.659 --> 00:44:27.329 say in some of best practice that you see it in one specific regional differences 644 00:44:27.409 --> 00:44:29.730 with basically, I just want to open up to you to get a bit 645 00:44:29.769 --> 00:44:31.530 of your insight on the conversations. If I know that you can have jump 646 00:44:31.650 --> 00:44:35.610 on on the conversation as we go. I want to give you a bread 647 00:44:35.650 --> 00:44:37.719 from to kind of show you experience. Yeah, yeah, thanks, thanks 648 00:44:37.760 --> 00:44:40.679 all really and person of all, I just wanted to say a lot the 649 00:44:40.679 --> 00:44:45.760 DD. I know Peter Wagner very well. He was on my board at 650 00:44:45.800 --> 00:44:49.119 top spin. So please say hello when you when you talk to him. 651 00:44:49.559 --> 00:44:54.030 Amazing. So, yeah, yeah, yeah, definitely so. So one 652 00:44:54.070 --> 00:44:58.710 thing I want to do, I want to comment on, is I think 653 00:44:58.710 --> 00:45:02.349 all the rules of the last, you know, decade or so of how 654 00:45:02.389 --> 00:45:08.059 you build businesses and different geographies and whatnot are being tested right now and I 655 00:45:08.099 --> 00:45:10.139 don't think they're going to be the same one we come out of this. 656 00:45:10.619 --> 00:45:15.300 I'm very interesting to see how employed years act our employers and and other companies 657 00:45:15.539 --> 00:45:20.460 and whatnot, because they've squeezed more productivity out of us and they ever got 658 00:45:20.500 --> 00:45:22.210 before. Right. I mean I'm sure all of you guys all have the 659 00:45:22.250 --> 00:45:25.889 same kind of calendar that I do. I mean it's, you know, 660 00:45:27.809 --> 00:45:30.090 the day to be. I'm I live on the west coast but you know, 661 00:45:30.170 --> 00:45:34.849 my day typically starts at seven. I've got my first first call at 662 00:45:34.929 --> 00:45:39.280 seven and it's basically through the day until about well of hours later. And 663 00:45:39.840 --> 00:45:44.159 when it's time to shut it down and go, you know, go, 664 00:45:45.320 --> 00:45:49.239 go, have a meal and some family time and then and then you've got 665 00:45:49.280 --> 00:45:52.070 to catch up with the stuff that you couldn't get you during the day because 666 00:45:52.070 --> 00:45:54.510 you're our meetings all day. So I mean we're, you know, our 667 00:45:55.150 --> 00:46:00.110 employers are getting more out of us. When it when this thing finally does, 668 00:46:00.510 --> 00:46:04.269 you know, when, when the whole covid scenario does flatten out, 669 00:46:04.380 --> 00:46:07.460 which it will eventually, at some stage, somehow, it'll flatten out, 670 00:46:07.460 --> 00:46:13.019 whether it's whether it's from a you know, a vaccine or you know, 671 00:46:13.179 --> 00:46:17.219 just, you know, finally countries getting it right as far as when, 672 00:46:17.420 --> 00:46:21.650 when and how and how deeply the lockdown, but it will flatten out. 673 00:46:21.690 --> 00:46:23.849 And at that point in time will, you know, will the things that 674 00:46:24.369 --> 00:46:28.650 we've learned from how to do business in a different way? Will they still 675 00:46:28.690 --> 00:46:30.570 be there? Will we capitalize on them, or will we go back to 676 00:46:30.650 --> 00:46:37.000 the old ways? Right, some of our some of our less productive habit 677 00:46:37.280 --> 00:46:40.000 right, you know, a lot of car travel between meetings and things like 678 00:46:40.280 --> 00:46:44.679 that that there was. There was a dead time, right, but that 679 00:46:44.840 --> 00:46:47.590 resulted in more facetoface stuff. I think we've proven that we can do business 680 00:46:47.630 --> 00:46:52.710 this way and it isn't it isn't optimal, but if possible and you can 681 00:46:52.789 --> 00:46:55.110 make the most out of it. And I think that those are the things 682 00:46:55.110 --> 00:46:59.190 that are being they are being proven out. The question is whether or not, 683 00:46:59.309 --> 00:47:02.300 though, remain after we you know, after after things flattened out of 684 00:47:02.380 --> 00:47:07.940 it. So I think my first comment really is, I don't you know, 685 00:47:08.579 --> 00:47:13.739 I don't really know that the things that were proven out over the last 686 00:47:13.780 --> 00:47:15.570 ten years or the last four years. We've known each other when I was 687 00:47:15.650 --> 00:47:22.050 working in international markets from my previous company and spending a lot of time in 688 00:47:22.210 --> 00:47:24.530 London and a lot of time in Australia and a few other places. I 689 00:47:24.769 --> 00:47:29.530 don't know that. I don't know that, you know, the techniques that 690 00:47:29.730 --> 00:47:34.679 we use them would will necessarily be as effective when we come out of it. 691 00:47:35.199 --> 00:47:37.000 So I think we had, you know, one thing, one thing 692 00:47:37.119 --> 00:47:43.239 I do believe is that in any kind of tech business, flexibility is the 693 00:47:43.360 --> 00:47:47.070 most important thing, right, and you know, I'm you know, I'm 694 00:47:47.110 --> 00:47:51.949 kind of you know, I kind of believe that, you know, Shit 695 00:47:52.070 --> 00:47:55.269 always goes sideway. It is going to happen. I mean you're you know 696 00:47:55.429 --> 00:47:59.380 your businy. You know that no matter how well you plan, your business 697 00:47:59.380 --> 00:48:02.500 is going to go sideway because the economy is going to change, or the 698 00:48:02.619 --> 00:48:06.780 technology landscapes are going to change with the competitive environment is going to change, 699 00:48:06.820 --> 00:48:12.219 or or you're going to have some some you know, catechorlism with your own 700 00:48:12.300 --> 00:48:15.329 technology or one of your big competitors and will shake up the entire market. 701 00:48:15.610 --> 00:48:21.010 And here we have the exact evidence of that right only all rolled into one. 702 00:48:21.289 --> 00:48:27.090 So you know, I think that the most important thing that companies can 703 00:48:27.159 --> 00:48:30.000 do, regardless of whether it's, you know, ones that have a US 704 00:48:30.159 --> 00:48:35.079 focus, ones that have a focus and other theaters for that are global, 705 00:48:35.320 --> 00:48:39.039 is you have to constantly challenge your assumptions about what are the critical things that 706 00:48:39.159 --> 00:48:43.230 you did to build your company, like what was that one? What was 707 00:48:43.309 --> 00:48:45.550 that fundamental problem that you set out to solve? Is it so fundamental? 708 00:48:45.909 --> 00:48:49.789 You have to challenge those assumptions and if that's still holds, then you have 709 00:48:49.869 --> 00:48:52.789 to go to the next stage, which is who am I solving this for? 710 00:48:52.989 --> 00:48:54.550 Has that change now? And they have to go to the next one, 711 00:48:54.630 --> 00:48:58.380 which is the person within that company. That would be a hero if 712 00:48:58.420 --> 00:49:01.179 I solve this problem six months ago, if you still the guide, right, 713 00:49:01.500 --> 00:49:05.780 and how do I package my product so that it can be consumed in 714 00:49:05.940 --> 00:49:07.260 this new world? Right, you've got to take it all the way down, 715 00:49:07.420 --> 00:49:10.530 and that the end of at the end of that chain, is how 716 00:49:10.610 --> 00:49:15.489 do I build the company to support that chain, because you can't put the 717 00:49:15.570 --> 00:49:19.530 company in the middle or at the front, because then when the market changes, 718 00:49:19.650 --> 00:49:22.369 the company thrashes. Right, it's just like you kind of pull that 719 00:49:22.409 --> 00:49:25.320 chain tight that you know, that's how that's how start up companies have to 720 00:49:25.400 --> 00:49:29.719 pivot many, many times, is because they take the company and they think 721 00:49:29.760 --> 00:49:32.719 it too close to the fundamental problem at the company needs to be built at 722 00:49:32.800 --> 00:49:37.159 the end of that chain. It needs be able to support all of those 723 00:49:37.199 --> 00:49:40.469 pieces. But you have to go back to the assumption, right, did 724 00:49:40.630 --> 00:49:44.989 you did? Did the assumption of the assumptions hold? They hold even in 725 00:49:45.110 --> 00:49:49.789 this current time. Friend, and for my current company, Portanex, which 726 00:49:49.869 --> 00:49:53.500 is a soccer security company focused on encrypting in a different way than we've encrypted 727 00:49:53.539 --> 00:49:58.619 before. Will focus on encrypting data in use. The really only two ways 728 00:49:58.699 --> 00:50:01.420 to encrypt data winners that use, and one of them is sort of experimental 729 00:50:01.539 --> 00:50:05.179 and the other one is the way we do it, which is based on 730 00:50:05.619 --> 00:50:07.889 an underlying Intel technology. But yeah, the fact that the matter is you 731 00:50:07.889 --> 00:50:12.769 could always think crypt stuff at rest in emotion, but now you have to 732 00:50:12.849 --> 00:50:15.130 protect stuff the use, in use, because that's where the bad guys have 733 00:50:15.250 --> 00:50:22.760 been coming and getting your data. So that that fundamental assumption that that was 734 00:50:22.840 --> 00:50:25.199 going to be a critical need and the industry is still there, right. 735 00:50:25.199 --> 00:50:28.760 I mean we but we had to go back and we had to challenge that. 736 00:50:28.840 --> 00:50:30.679 Then we had to challenge how do we consume it? Yeah, so 737 00:50:31.320 --> 00:50:35.199 I think that you know, regardless of the theater, those are those are 738 00:50:35.320 --> 00:50:37.750 things that you've got to you've got to do, and that makes sense. 739 00:50:37.829 --> 00:50:43.269 But fortunate at least time flies by when you are having fun and we getting 740 00:50:43.349 --> 00:50:45.469 to the end of yeah, well else. So we, I'm sure that 741 00:50:45.590 --> 00:50:51.420 all of your gays have thozon meeting some invisible with you now to run some 742 00:50:52.019 --> 00:50:54.019 clients, to set us stuff to except try excess for us. So I 743 00:50:54.179 --> 00:50:58.019 just want you to think you all for your time to day. Really appreciate 744 00:50:58.099 --> 00:51:00.500 the fends you took the thing to come in and show some of your sorts 745 00:51:00.539 --> 00:51:04.059 with us, really enjoy the congustion of could have gotten on a was a 746 00:51:04.139 --> 00:51:07.329 week of that conversation. I just love it. And then we picked your 747 00:51:07.369 --> 00:51:10.650 gays because we know that you old quastinate about your subject. So so, 748 00:51:10.690 --> 00:51:14.289 yeah, we could have gone on so much, much longer. We will 749 00:51:14.329 --> 00:51:17.960 show all your contact details with when we published a podcast, so it may 750 00:51:17.960 --> 00:51:22.719 be defended. People wants to get in touch with you to discuss folso and 751 00:51:22.280 --> 00:51:25.960 show yoursels how engage are on your solutions or whatever, and we would also 752 00:51:27.079 --> 00:51:30.840 produce a block bus. But once again, I want you to thank you 753 00:51:30.920 --> 00:51:34.150 all for your time today. Was An absolutely absolute pleasure to have you on 754 00:51:34.190 --> 00:51:37.750 the show. Thank you, heynousing. Thank you. Thank you guys. 755 00:51:37.829 --> 00:51:42.309 Thank you, thank you, guys. Thanks so much for buddy. Stay, 756 00:51:42.389 --> 00:51:47.659 stay safe, guys. Bye Bye, bye. Right operatics has redefined 757 00:51:47.780 --> 00:51:53.900 the meaning of revenue generation for technology companies worldwide. While the traditional concepts of 758 00:51:54.019 --> 00:52:00.420 building and managing inside sales teams inhouse has existed for many years, companies are 759 00:52:00.500 --> 00:52:05.690 struggling with a lack of focus, agility and scale required in today's fast and 760 00:52:05.849 --> 00:52:10.769 complex world of enterprise. Technology sales. See How operatics can help your company 761 00:52:10.809 --> 00:52:17.239 accelerate pipeline at operatics dotnet. You've been listening to be tob revenue acceleration. 762 00:52:17.920 --> 00:52:22.199 To ensure that you never miss an episode, subscribe to the show in your 763 00:52:22.199 --> 00:52:25.239 favorite podcast player. Thank you so much for listening. Until next time,

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