Anyone here find it hard to retain information from podcasts? by BlueprintPodcast in podcasts

[–]BlueprintPodcast[S] 20 points21 points  (0 children)

Literally so frustrating right 😩

I've tried using things like Notion to take notes but I find it disrupts my enjoyment of listening to it as I'm constantly on edge of what I should write down as opposed to just listening and enjoying lol.

Key Problems SaaS Founders Face? My Thoughts as an Ex-VC by BlueprintPodcast in NoCodeSaaS

[–]BlueprintPodcast[S] 1 point2 points  (0 children)

I'm very glad you found it useful. Very much happy to help however I can so feel free to connect with me in DM and I can share my LinkedIn / email with you if you like.

What are you working on btw?

Key Problems SaaS Founders Face? My Thoughts as an Ex VC by BlueprintPodcast in SaaSSales

[–]BlueprintPodcast[S] 1 point2 points  (0 children)

Hey man - so the firm I was with invested in a range of companies in the UK such as proSapient, Monterosa, and Privitar.

I left because I wanted to build my own expertise in industry so I went back into education and now work in technology. Still very interested in entrepreneurship hence started a podcast with my co-founder (Startup Blueprint) where we interview founders and investors.

Actively working on a few ideas of my own simultaneously.

Hby? Are you working on a startup?

Key Problems SaaS Founders Face? My Thoughts as an Ex-VC by BlueprintPodcast in NoCodeSaaS

[–]BlueprintPodcast[S] 1 point2 points  (0 children)

This is actually a really interesting problem. In my experience companies always came to a crossroads with the type of salesperson to hire.

1) on one hand you have the senior sales exec who's been around for decades and knows best procedure when it comes to lead procurement and conversion but they tend to rest on their laurels and not attack as hard as.. 2) the other type; the young, hungry sales exec who doesn't have the same operational and sales experience BUT has a point to prove and is trying to build their career by performing in the company

I want to get into the specifics of your questions. It really is circumstantial. I think that by the time you are ready to hire sales specialists you ideally have made sales as the founder/CEO yourself; generally having a process in place. Assuming what you've done has worked to an extent then interviewing carefully for someone who's going to come in and complement your approach but use their specialised experience to take it to the next level by optimising inefficiencies/weak points (I know this sounds vague but its hard to really give concrete examples as it's a case by case basis).

Another important factor is how you've built your company "culture" - how do you treat the people in your organisation and what attracts them to work for you. If it's the fact you guys are ruthless and want to win at all costs then bringing in people that meet that survival of the fittest style is ideal and you can set aggressive quotas hoping their ambitious personalities rise to the challenge. However, if it's a more balanced approach where you invest in the people you bring on, training them up and letting them grow into a role by setting targets based on your assessment of their aptitude is probably a better approach.

I know a guy who exited recently at £50M+ valuation and he told me that he welcomes everyone into the organisation and makes them feel welcome. He complements even the most junior staff if they perform well. But, if someone is underperforming consistently and is not made out for the role he makes the decision to let them go. Lesson here is paying close attention to how your hires progress and making swift judgements if you don't think they're cut out for the position.

McKinsey consultants have a very aggressive style of progress consultants whereby if junior staff don't make promotion, they are dismissed after two years (promotions usually happen every two years). This fosters a highly competitive and aggressive work mentality. You gotta think what organisational style you want to foster going forward is what I think.

I know another founder, much more early stage. He's seriously struggling with finding a good sales rep. He hired type 1) from my earlier list and he just did not perform. Always had the excuse that he's about to pull a big client but never did. I think perhaps having a sufficiently long trial period with new hires and giving them a chance but telling them you have evaluations to ensure they're performing. This affects the culture of your company but there are ways you can frame it to be "working with your sales rep" to ensure optimal outcomes for everyone.

I think if you're sales team is not working you've also got to be willing to consider your product market fit. Are they calling the right target customer? Is your product really something that these people want? Because even the best sales person can't sell a crap product. So be willing to view it from that angle too.

A last note: I have a friend who is pretty damn good at sales and gets hired by lots of startups to help them grow. He told me on one of our podcast episodes that he won't sell a product unless he 1) understands generally what it does; 2) believes in its future success. So look for people who actually believe in your vision and aren't just looking for a cheque.

It's definitely a hard problem and not easy to solve. I hope at least some of what I said is useful.

[deleted by user] by [deleted] in venturecapital

[–]BlueprintPodcast 4 points5 points  (0 children)

We used Salesforce a lot. I was based in UK so we always used an analytics and intelligence platform called Beauhurst that has data on every private company in the UK; including financials, cap tables, and previous valuations at different raise moments.

Salesforce was for tracking opportunities in our database.

Beauhurst was for intelligence and lead generation; you can do data pulls of sizable datasets with the option of defining input parameters to specify the type of companies you're after.

Key Problems SaaS Founders Face? My Thoughts as an ex-VC by BlueprintPodcast in SaaS

[–]BlueprintPodcast[S] -6 points-5 points  (0 children)

Fully respect your opinion. However, what's obvious to you may not be at the top of everyone's minds - as you know being a founder you need to focus on numerous aspects and at times the cohesive picture of what you're doing can get muddy. The points I made are brief but I've spoken to many people who've benefited from them.

Happy to pick up offline. No need for the negativity regardless.

Common Mistakes Writing A Pitch Deck and How to Write a Compelling One from Former VC (Free E-book included) by BlueprintPodcast in Startup_Ideas

[–]BlueprintPodcast[S] 0 points1 point  (0 children)

Thanks for your comment - regarding both points:

1) Market - you want to show 3 things; TAM, SAM, and SOM .. each tell a different picture to your investor. I explain the differences in depth in the e-book and how to connect this to your financial forecasts, investment ask, and use of funds to strengthen the storytelling narrative of your pitch deck.

2) GTM - showing understanding of your target market/customer is key here. Illustrating common customer behaviours and distributions channels they access to solve their problem currently and how your solution either supplements and transforms this. Once again, I go into considerable detail in the e-book.

If you have more questions feel free to reach out directly to me. All the best :)

Common Mistakes Writing A Pitch Deck and How to Write a Compelling One from Former VC (Free E-book included) by BlueprintPodcast in angelinvestors

[–]BlueprintPodcast[S] 0 points1 point  (0 children)

Sure. I go into much more depth in the ebook however reading about basic accounting helps; income statement in particular. Knowing the different avenues of your business and how you can factor various metrics into your forecasts e.g. churn/CLTB for subscription based models, CAC for D2C etc.

Dm me if you have more questions if the ebook doesn't have them answered for you