Transcript
WEBVTT
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Mhm.
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Hi everyone welcome back to be to be
growth. I'm Olivia Hurley and today I'm
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joined by Ryan mccurdy, who's the vice
president of global demand generation
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at lacework, Ryan, How are you doing
today? I'm doing pretty well. Thanks
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for having me, I'm excited to be here.
Oh of course I'm thrilled we get to
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talk Ryan. You have a philosophy on
marketing that someone is going to end
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up putting on a plaque for you first of
all, but it's basically if it doesn't
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close it doesn't matter. And you shared
with me that impacts the way you think
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about the SDR function A. B. M. And
what you've called, which I love your
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maniacal focus on your I. C. P. I'm
curious where did this philosophy
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develop? Yeah that's a good question.
You know I got advice early on in my
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marketing career is to work your way
backwards from a customer. And what I
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found over time is just like the more
you do that, the more what you're
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saying is gonna resonate and ultimately
your, you know, I think we've all
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probably been part of companies where
you're generating things but nothing is
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happening to them and there's a lot of
variables along the way people are
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following up with your leads, it's like
the common thing red and usually that
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creates a divide and I think you know
what everyone wants is to just drive
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business. So when you stay focused on
what actually closes, we're really
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focused on what ultimately matters in
demand job now that doesn't mean brand
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isn't important and awareness is an
important, right? There's things there
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that you just can't necessarily track
to close one. But from a demand gen
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perspective, Close one is critical. So
how has this philosophy impacted the
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way you've set up your marketing
strategy? Sure, it's, well, it's had a
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huge impact on our business. Like we, I
think it all depends on the business
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and where you're focused. So to have a
maniacal focus on like an ideal
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customer profile or be very specific
with who you need to go sell into
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that's not going to work for everybody
only because sometimes maybe you have a
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really large town that you can talk to
you like, you know, I think a lot of, a
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lot of companies out there will say,
okay, well let's just go focus on the
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VM ware installed base, which is a huge
install base, right? Where for us, you
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know, where our company is selling two
in cloud security, so they need to be
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in the cloud for one and ideally they
have a stronger security posture and we
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want to understanding those people are
and if you're selling into any big
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technology shift, I think you want to
be really specific or where you want to
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sell into. So I've structured my team
to do that exactly, is be really
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specifically with where we want to sell
into all of our marketing programs,
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drive engagement into those accounts
who we've done a fairly good dissection
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of what it takes to be one of those
accounts, why those accounts care. And
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that ranges from what we're saying to
analysts to the content we create the
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campaign to be around down to how we
follow up with the accounts, across our
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sales team, across the channel across
our scr team. And then you know
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ultimately how we train everyone to to
the tools were great. So I like to
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think about it is everyone's grabbing
onto the same spear so to speak and
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pushing in the same direction. I love
that. That's such a good visual before
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seeing results. How did you know or
suspect that this this focus on your I.
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C. P. And it sounds like an A. B. M.
Play would really work for lacework.
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Yeah. When I started I was started
early days. Thanks work. I was roughly
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employee number 25. So we had a lot of
things to go and figure out um still.
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So you know when I first came in I
really built up a lot of the inbound
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and through trial and error. We're
getting a good understanding of what
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worked and what didn't what were the
right accounts? And I remember having a
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conversation with like his name is
chris I was probably point number seven.
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He was like our first S. E. Etcetera
and I was like chris if we wanted to go
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to an enterprise sized deal in this
space right? What's the makeup of the
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account we need to go talk to? And of
course I had all this data in front of
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me based on our inbound accounts
etcetera, where I'm seeing traction,
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what's making it only halfway through
the final etcetera. And you know, from
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that conversation with him, we were
able to extract what are the parameters
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for us to go and focus on. And that was
a game changer from that point on.
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They've been doing three extra years.
Oh wow. So yeah, tell me a little bit
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about that. So before seeing the
results, you had all of these
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indicators that it would be really
successful. Now you've put into
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practice, what results have you seen
from again? This intense focus on the
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top and the A B. M. Play. Yeah. So you
know, I think when you compare normal
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uh inbound results to where we stand
most of our SQL to SQL conversion rates
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are significantly above average. And
you know, even if we look at our str
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team, each person on the team, which is
a large team, We've built up scheduling
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roughly two meetings a day, which is
more class. So we figured out a way to
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go say the right things into the
accounts, understand what marketing
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programs with them getting to drive
engagement. And we were able to string
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those things together. Yeah. So did
this philosophy influence how you set
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up your team internally as well um to a
certain extent because so you know,
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we're probably 90% compass today, right?
So everyone just has that focus. So in
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fact, part of our training today, it's
part of onboarding is like, here's the
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uncle memorize it. Uh so we know like
rather you're in sales marketing,
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whatever function and go to market, you
know, exactly the accounts were selling
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into and we're selling to all different
sizes of companies, but what's the
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right makeup of those companies and we
have everyone focused on that. We're
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using specific tools to help us
prioritize those accounts, one of which
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is demand base, but formerly was known
as engage Geo was really prioritize
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accounts and that has been huge. You
mentioned that, that you have insights
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and just this, this opinion on where
the sDRs should live. I'm curious, you
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know, have those two things, this
philosophy on, if it doesn't close, it
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doesn't matter. And your thoughts on
the str function, do they come together
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at some point? Yeah, absolutely. So
what I found with SDR orders in the
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past, is there typically mistreated in
a sense, it's like the island of misfit
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toys, which is really unfortunate
because if we think about who's
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actually converting the majority of
marketing investment is going to be the
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SDR team if you have an SDR two. So I
think it makes the most sense for them
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to livin under DG capacity or with
marketing. So we can make sure they're
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properly enabled and that's from
knowing the message to helping them
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craft emails or even crafting emails
for them and really giving them every
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tool necessary to be successful and
capitalize on everything that we're
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providing them and staying really close
to the data. I think that's the second
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part you're able to, when they're part
of the team. I think you're able to
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just get into the weeds warm with that
and then ultimately steer them in the
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right direction, which is, you know,
the things that close. So as an example
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today I built a scoring model around
what closes and that's how we Qambar
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Sdrs were still very focused on that.
Oh, that's so fascinating. So not
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everyone has an SDR function that
operates like that. I'm curious is that
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what you've built in that process. Do
you think that works specifically with
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a company like yours or do you think
it's something that man, everybody
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should take this approach. It could
really be successful. I think it must
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be to be companies write an SDR or will
work great. What I found is a lot of
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people have had bad experiences with
the Sdrs, it's hard for them to go and
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really extract what the tangible value
is or the Ri and SDR because it costs
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something for sure. So people have
different experiences and I think
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that's impacted on whether or not they
think an SDR team is a good fit. What I
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can tell you is, I believe they're
critical if you're envy to be trying to
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make sure your sellers are as
successful as possible. I think sellers
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on their own, they have so many things
to go focus on. So if you can help them
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with pipeline, which is arguably the
most one of the, you could argue the
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most important important thing in
business. And the reason I say that is
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because what I found and I learned this
from my current sales leader, we're
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always focused on the forecast, right?
We're not thinking about the bigger
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picture, which is absolutely true and
that's why pipeline is so critical and
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he's done an incredible job
evangelizing that across all of our
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sellers to make sure that everyone has
a pipeline focus. So that way you're
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thinking a couple quarters out Um and
the SDR is really enable that. So, you
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know, today, our marketing team and the
str team jointly and we resource
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roughly 70% of all closed one. That
that's a huge impact to our sellers and
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just making sure that our company is
getting to the places where we want to
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get to. So if you were going into an
organization where they didn't
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necessarily find the SDR function
valuable and they didn't necessarily
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operate with this, like it's got to
close, its gotta close mentality how
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would you alter the focus of the team
or the organization? Yeah, well, it's
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all in the data. So, you know, I think
in demand gen you're typically you
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should be close to the data and you
should be really trying to generate
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pipeline that closes already. But what
I find is most marketers just get to
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the SQL level there. Like I just got to
generate leads and pass them over. I
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just got to generate pipeline and
hopefully sales close it. They're not
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really following it to the end. And if
I was in an order where you know, they
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were focused on those things, which
I've worked out previously, it's just
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looking at the data and just showing
the powers that be, so to speak. Hey,
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if we do more of this, I can get you
this. That's it. It's just if you can
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track to close, but you can, you can
build to that. You can also might build
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a repeatable business. That's what you
want to do that. You can't guess every
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corner. You should be guessing a little
bit on pilots and other things, but
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largely what you should be doing is
forecast double and repeatable. What
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did that change due to your stress
levels. So I can tell you there's a
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person on my team that always likes to
remind, she likes to sometimes just
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remind me that like, hey, you are right.
Because when I first started
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forecasting in our current business, I
was like, hey, here's my initial
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forecast based on the ice p and all
these things. So there's so many
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variables. And the first time you do,
it kind of feels like you put your
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finger in the air a little bit, right
because there's just so many variables
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and you know, come through our next
sale cycle. I did, I gotta, you know,
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within the bullseye early is really
close to, she's like, hey you're right,
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it's like I was right, that was that
was awesome and we've just been able to
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write and you're not always right. I
there's five times what happened, right?
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So you know, it's just trying to get as
close to that bull's eye as possible.
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So I think that that definitely helps
with your stress level. But you know
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when you're at a hyper growth company,
you never know there's, there's changes
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all the time markets, changing
messaging is changing, it keeps
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changing. I can tell you we've refined
it multiple times over the last 2.5
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years I've been here, so a lot of
variables. But I think when you, you
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know, just the closer you stay to it, I
can tell you every time I go into our
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end of quarter reporting and into the
next quarter planning or six month
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planning, I always feel much better
after that exercise is done. We have
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stepped in to attract you. That's the
one thing that is really challenging.
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I've worked at other companies where
there is no plan. Um So always trying
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to make sure like hey we have a plan,
everyone's routed around the plan, we
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have the resources to go deliver on
plan brilliant. That just that thought
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occurred to me of you know how it
affects your stress level so much
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because of that exact part. Like you
know where you're going, you know what
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you're shooting for And then at the end
you can say I hit the bull's eye which
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you can say if you were successful,
even if you didn't have a plan went so
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much more rewarding when you when you
do know you went exactly what you're
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going for and our colleagues in sales
really appreciate it too. We could say,
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alright, head of America sales are
ahead of me, a sales or whoever that
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might be like hey this is what I'm
going to deliver for you. I mean we're
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down to like hey if we know we get this
ice type of I. C. P. Account I will
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have a certain sp attached to it. So we
have a, we have a pretty good
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understanding of like they can't make
up and what they will typically
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generate. And for for us early for me
I'm doing a reverse waterfall into the
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number starting from leads to coalesce
to close. And then we also know the
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accounts we need to penetrate etcetera
and then every functional demand gen
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piece around that has their own goal.
So I would say it's pretty detailed
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so if somebody wanted to replicate What
you've been doing and what you've seen
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work so well if they wanted to
replicate bringing in 70% of the closed
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one deals up there, B2B company, what
would be step one for them? You have to
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understand what's closing and why,
Because if you understand that, then
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you can formulate who you need to go
sell to, you'll be in a really good
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position. Most companies are just
pretty general like, hey, this is who
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we need to go sell too. So if you can
do that again, it's working backwards
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from the customer, talking to the real
smart people in your company who are
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really close to customers, who are out
there in the field, in the trenches,
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talking to customers, what they care
about. If you can get to that point,
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extract all that and then really build
kind of an operational mechanism around
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that all based on data, basically,
usually, like what's the makeup of an
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account and who in the buying team
would care and what should we say? You
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know, I think you'll be in a really,
really good place and then it's just
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making sure you're staying close to the
field close to sales and understanding
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like what makes an impact and, you know,
lacework, we haven't uh we product
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marketing hasn't always been at
lacework and their chops are so
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critical and I think the closer, you
know, you can work with product
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marketing and just have a great working
relationship between product marketing
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and sales? It's hard to be, were there
warning signs along the way or was
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there, were there, you know an
experience of failure that you think
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you might want to warn people as they
go down this this avenue? Yeah. So
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there's uh well a B. M. Is a buzzword.
So I try and stay away from it. For the
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most part. Target accounts have been
around forever though and I think
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there's some ways to position this. It
comes down to a time conversation
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because ultimately you're gonna have to
sell this idea to somebody. So I know
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executive sales executives today,
marketing executives today that are
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burnt out on a VM. The investment in
work or whatever. It didn't work. And
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usually that's largely because they're
just not buying across the aisle or
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you're not staying close to it enough.
I mean I can tell you, we evangelize R.
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I. C. P. So much in our current company.
It's like a religion and we know he's
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not focused on it and who is because it
shows up in the numbers. So it's
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getting that by and initially and
making sure all the right parties
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agreed or region will make it happen.
So if you can do that then I think
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you're in a really good place. I think
that's usually the biggest blocker that
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people run into is like, hey what are
we gonna align on? And I think
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positioning it as uh either focusing on
the I. C. P. You're focusing on things
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that close? It's hard to argue with
that. Like who doesn't want more things
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to close. You know marketing has gotten
that there's kind of been that
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perception that maybe marketing only
just cares about leads and MQ LZ. And I
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know a lot of marketers do and I
fundamentally disagree with just
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focusing on those things and I can tell
you sales does too. So I think yeah,
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focusing on closed one is the right
conversation have I'm curious about
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what are instances of scenarios
organizations where it wouldn't work.
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Yeah. So I think for organizations that
have a really broad tam right, it's not
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that it won't work, it's just probably
not need it. Although I think everyone
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can probably agree if you're a
salesperson, you can only do so many
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calls in a day. So I've never I've
never met someone in marketing or sales
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or if you're just looking at your
funnel and they're like, well no
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meetings a bad meeting. Well there's no
junk in our funnel, like it's not true.
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There is. So the more you can remove
that stuff and just optimized for
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everyone's time, the better. I mean, I
think it's it's that conversation and I
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think a lot of companies b two B
dimension or whatever you want to call
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it are are leveraging account based
things for enterprise largely right? I
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don't think it always has to be for
enterprise too. So it's all depending
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on how you want to use it. I've chosen
to use it because we have to be very
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specific on space and you know, we
evangelize that from the way we train
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to enable people from like day 12, you
know where we what we mark in sales
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horses and I speak out and how we're
articulating all this, all the winds
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from it back to go to market and
everything else because there's also
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kind of you know, I think there's got
to market your marketing a little bit
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with this and just make sure everyone's
body because the truth is people will
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come into your company. We have never
seen this model work before. I'm like
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hold on time out, I need to go sell the
biggest company that everyone's ever
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heard of and like, well no, there's
actually these 10 accounts in your
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backyard that you can do 500 K. Deals
with that you've never heard of. And I
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think some people just sometimes
surprising but you know, the team here
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is where our revenue operations team
specifically done an incredible job
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building. The system is necessary to go
get this data being fantastic partners.
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We've had fantastic executive support
and even report support. Just go blow
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the doors off this thing, do whatever
it takes and they're believers and what
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we're doing, man that must feel like
just the greatest pat on the back,
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getting that kind of support. That's
awesome. Yeah, Ryan, if there was like
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for me the thickest thread of this
conversation has been know thy seller.
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I mean buyer, no nobody seller to. It
was good but man I tried to add in a
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little old english or something in a
got it wrong so no your buyer. But if
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there was something else that you
wanted listeners to take away from this,
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what would it be? I think it is a the
buyer is uh probably hard to
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operationalize because there's so much
there to unpack. It's almost like where
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do I start? And I think it really just
starts like go dig into you know the
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closed one in salesforce and then go
enrich all those accounts and just see
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what transpires in. I think we have a
discussion about it, run that run what
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you're seeing past your sc team or past
your CTO s or pass your product manager
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of people just get your thoughts and
like hey why do you think this kind of
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stuff from us? I think that's a great
place to start a conversation. The
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other thing. I I just think it's great
take away from his. Maybe you don't
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need to go focus on the A. C. P. But
you should be best friends with your
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sales team and make sure they have the
support that they need. So whatever
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that looks like. Maybe it's different
messaging because maybe that's all you
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need to go fix. Maybe it's just the
messaging, it's not resonating. Maybe
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you are calling into the right accounts.
Maybe you can call into every account
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and everyone's relevant your message or
the we're not calling into the right
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person. So I think it's just really
working with your sellers to understand
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just like where should we go and focus
and not letting that game of telephone
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get back to you and said like being the
weeds with them, just trying to extract
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all those gold nuggets for you to go
build knots and plan around. Oh wow.
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Well that was a gold nugget in and of
itself. Ryan. How can listeners connect
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with you if they want to dig in and
learn more? Yeah, you can find me on
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linkedin, Ryan mccurdy at lacework and
that's probably that's probably the
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best way. The best way. And how can
they find out a bit more about lacework?
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Yeah, just lacework dot com. If you
type in cloud security, we should come
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up. If we don't come up, I need, I need
to go talk to people. But yeah, www at
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least work dot com or the leader in
cloud security, multi cloud
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environments work most containers,
kubernetes, single platform scale with.
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So yeah, we're doing some really
different things in the market that I
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think people appreciate. Well everybody
definitely go check out Ryan at
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lacework Ryan. Thank you so much for
joining me today. No problem. Thanks
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for having me. It's been fun. Yeah,
I've had a blast
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for the longest time. I was asking
people to leave a review of GDP growth
289
00:22:54.110 --> 00:22:58.560
in apple podcasts but I realized that
was kind of stupid because leaving a
290
00:22:58.560 --> 00:23:03.720
review is way harder than just leaving
a simple rating. So I'm changing my
291
00:23:03.720 --> 00:23:07.420
tune a bit instead of asking you to
leave a review, I'm just gonna ask you
292
00:23:07.420 --> 00:23:11.960
to go to BBB Growth in apple podcasts,
scroll down until you see the ratings
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00:23:11.960 --> 00:23:16.030
and reviews section and just tap the
number of stars you want to give us no
294
00:23:16.030 --> 00:23:21.340
review necessary. Super easy. And I
promise it will help us out a ton. If
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you want a copy of my book, content
based networking, just shoot me a text
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00:23:24.940 --> 00:23:29.430
after you leave the rating and I'll
send on your way, text Me at 407, 4 and
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I know 3, 3 - eight. Yeah.