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From CEO to SDR: Astronomical Growth
Through a Maniacal Focus on Sales
Development
THE SALES DEVELOPMENT CONFERENCE
Henry Schuck
Co-founder & CEO of DiscoverOrg
Introduction
2
Henry L. Schuck, Co-Founder & CEO of DiscoverOrg
@henrylschuck
@discoverorg
Who we are | Where we came from
Today
• 37 SDRs
• 15 CDRs
• 40 AEs
• 50 CSMs
• $121M in Revenue
3
December 2015
• 3 SDRs
• 0 CDRs
• 8 AEs
• 15 CSMs
• $60M in Revenue
2015
2017
It’s science.
4
5
Our SDR Journey
•  Originally relied solely on an outsourced provider: InsideSalesTeam
•  Grew the company on cold email, then website leads
•  Hired internal SDRs, but only had 3 for 2 years
•  No distinction between inbound and outbound, everyone chased everything
•  Basic tech stack (Salesforce, LinkedIn, Outlook, and a real phone – no dialer)
We had to change
In 2015 we focused on hyper growth, so we made some changes:
•  Hiring and Training
•  Metrics and Reporting
•  Team Structure
•  Tech Stack upgrades
•  SDR/Demand Gen alignment
•  Culture and Recognition
•  Career Path
And…
DATA
DiscoverOrg for DiscoverOrg
6
Hiring & Training
•  Implemented the Omnia Cognitive Assessment in
the pre-interview phase
–  Must score above 70% to be considered
–  Retention rate of new hires went from about 50% to
90%
•  Traits We Look For:
–  Confidence
–  Intelligence
–  Coachability
–  Work Ethic
–  Energy & Conviction
–  Prior Sales Experience (sort of)
–  Fit with DiscoverOrg’s Culture
•  SDR Team has grown more than 10x in size since
2015
–  37 reps total count Sept. 2017
–  Doesn’t include our 7 at InsideSalesTeam
7
Team Structure
•  In late 2016 we split our SDR Team into Inbound
and Outbound
•  Inbound
–  All new reps start here
–  Sustained wholly on website leads
–  Changed compensation incentives
–  Since splitting, Inbound average lead to demo
conversion rates went up 100%
•  Outbound
–  Reps graduate from Inbound to Outbound
–  Hunter role
–  Paired 1:1 with AE
–  Outbound SDRs average +1,000 demos set per quarter
(20+ completes per rep per month)
8
•  In 2017, we launched a new team: Customer
Development Reps
–  Similar to Outbound SDRs, reps are paired with
CSMs to help develop and expand existing accounts
–  Customer success managers had too many
accounts to effectively penetrate
Fit Rating Matrix
Developed by the Heads of Sales Development, Demand Gen, Learning and Development
9
Qualifiers 5 – Bad Fit 4 – Fringe Fit 3 – Good Fit 2 – Solid Fit 1 – Great Fit
Employee Count <25 25+ 25-49 50-75 75+
HQ Location Outside US/UK Outside US/UK In US/UK In US/UK In US
Key Decision
Maker’s Location
Some in US/UK,
nobody for us to call
Handful of folks in
US/UK
KDM in US/UK,
Sales/MTKG team
abroad
Majority Sales/
MTKG team in
US/UK - KDM
abroad
KDM + Sales/
MTKG team in US
Point of Entry
(Dataset)
No - target market is
outside of our scope
Some coverage –
not enough
Yes Yes
Yes – multiple
datasets or Non-IT
Company Type Not Listed Either Listed Listed Listed
Tech Stack
Data (DiscoverOrg)
SFDC
Outreach FrontSpin Gong.io
Distribution
Engine
LinkedIn
Sales
Navigator
Chilipiper
10
Recognition
• Golden Phone
– Given to rep with most demo completes/
month
• Dorgies
– Every quarter sales leadership identifies a
top performer to recognize at an all
employee meeting
• Spiffs/Competitions
– Last quarter one of our reps won an apple
watch for the most demos booked in a
month
• Milestones (Inspired by SalesLoft)
– 20 Demos in a month (first time hitting
quota): Lunch w/ Director of Sales Dev
– 300 Demos (about 1 year): Blazers tickets
– $3M in Cold Call Revenue (about 2 years):
Custom fitted suit/designer shoes ($1000
value)
11
Career Path – SDRs and CDRs
•  Inbound (3-6 months)
–  All new reps start here
–  Must maintain SLA of <5 minute lead response time
–  Learns basic qualification and objection handling
•  SWAT (~6 months)
–  Transitional role from Inbound to Outbound
–  Works strategic campaigns (Content Syndication, Lead
Score Threshold)
–  Learns cold calling and prospecting skills
•  Outbound (1 year)
–  Paired 1:1 w/ AEs
–  Works target accounts, cold prospecting
–  Engages multiple stakeholders within open opportunities
•  Account Executive
–  Begins with SMB accounts (1-2 years)
–  Graduates to Enterprise accounts (2+ years)
12
•  Customer Development Rep
–  All new Customer Success reps start as a
CDR
–  Learns DiscoverOrg’s platform and
customer base
–  Graduates to Customer Success Manager
–  CDR responsibilities means that SDR
leaders will become a larger part of the
overall company operations
Culture
•  No Politics, No Bullshit, No Assholes
–  As long as you’re working hard there will be people here
to help you get better, to challenge you, and to
collaborate with you
•  We expect a lot from our people
–  We’re focused on stretch goals that feel good to succeed
against
•  We make mistakes
–  Nobody is 100%, we’re okay with that and you need to
be too
•  We change…a lot
–  We’re not perfect and we try a lot of new things that don’t
always work. If you don’t like change, this is not the
company for you
•  We work hard and play hard
–  From SKO to Happy Hour, we enjoy being a team
13
Company All Hands Meeting Q1 2017
14
Get 1% better everyday
Finance is a Partner
15
Every Monday finance sends a report to the SDR Managers, Sales Leadership, Marketing and Demand Gen Leadership, and
the CEO on the metrics AND ANALYSIS of the SDR Team.
Finance is a Partner
16
Metrics - Inbound
17
Metrics we look for with the Inbound Team
●  Inbound Leads Distribution
●  Demos booked
●  Demos Completed (Conversion Rate)
●  Response Time (SLA + 2 min)
Metrics - Outbound
18
Metrics we look for on Outbound
●  Call Activity
●  Demos Booked
●  Demos Completed
●  Completion Rate
●  Pipeline Created
●  $ Won
●  ASP of Outbound Leads
When it’s bad
19
When it’s bad
20
When it’s bad
21
When it can get better
22
When it can get better
23
When it’s good…be paranoid
24
New career trajectories
Receptionist
25
Golf Caddy Poker ProCoffee Sales
Sales Development Conference 2017 26
Thank You – Q & A
Contact DiscoverOrg
805 Broadway St., 9th Floor
Vancouver, WA 98660
360-783-6800
www.DiscoverOrg.com
27

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Henry Schuck, DiscoverOrg at The Sales Development Conference 2017

  • 1. From CEO to SDR: Astronomical Growth Through a Maniacal Focus on Sales Development THE SALES DEVELOPMENT CONFERENCE Henry Schuck Co-founder & CEO of DiscoverOrg
  • 2. Introduction 2 Henry L. Schuck, Co-Founder & CEO of DiscoverOrg @henrylschuck @discoverorg
  • 3. Who we are | Where we came from Today • 37 SDRs • 15 CDRs • 40 AEs • 50 CSMs • $121M in Revenue 3 December 2015 • 3 SDRs • 0 CDRs • 8 AEs • 15 CSMs • $60M in Revenue 2015 2017
  • 5. 5 Our SDR Journey •  Originally relied solely on an outsourced provider: InsideSalesTeam •  Grew the company on cold email, then website leads •  Hired internal SDRs, but only had 3 for 2 years •  No distinction between inbound and outbound, everyone chased everything •  Basic tech stack (Salesforce, LinkedIn, Outlook, and a real phone – no dialer)
  • 6. We had to change In 2015 we focused on hyper growth, so we made some changes: •  Hiring and Training •  Metrics and Reporting •  Team Structure •  Tech Stack upgrades •  SDR/Demand Gen alignment •  Culture and Recognition •  Career Path And… DATA DiscoverOrg for DiscoverOrg 6
  • 7. Hiring & Training •  Implemented the Omnia Cognitive Assessment in the pre-interview phase –  Must score above 70% to be considered –  Retention rate of new hires went from about 50% to 90% •  Traits We Look For: –  Confidence –  Intelligence –  Coachability –  Work Ethic –  Energy & Conviction –  Prior Sales Experience (sort of) –  Fit with DiscoverOrg’s Culture •  SDR Team has grown more than 10x in size since 2015 –  37 reps total count Sept. 2017 –  Doesn’t include our 7 at InsideSalesTeam 7
  • 8. Team Structure •  In late 2016 we split our SDR Team into Inbound and Outbound •  Inbound –  All new reps start here –  Sustained wholly on website leads –  Changed compensation incentives –  Since splitting, Inbound average lead to demo conversion rates went up 100% •  Outbound –  Reps graduate from Inbound to Outbound –  Hunter role –  Paired 1:1 with AE –  Outbound SDRs average +1,000 demos set per quarter (20+ completes per rep per month) 8 •  In 2017, we launched a new team: Customer Development Reps –  Similar to Outbound SDRs, reps are paired with CSMs to help develop and expand existing accounts –  Customer success managers had too many accounts to effectively penetrate
  • 9. Fit Rating Matrix Developed by the Heads of Sales Development, Demand Gen, Learning and Development 9 Qualifiers 5 – Bad Fit 4 – Fringe Fit 3 – Good Fit 2 – Solid Fit 1 – Great Fit Employee Count <25 25+ 25-49 50-75 75+ HQ Location Outside US/UK Outside US/UK In US/UK In US/UK In US Key Decision Maker’s Location Some in US/UK, nobody for us to call Handful of folks in US/UK KDM in US/UK, Sales/MTKG team abroad Majority Sales/ MTKG team in US/UK - KDM abroad KDM + Sales/ MTKG team in US Point of Entry (Dataset) No - target market is outside of our scope Some coverage – not enough Yes Yes Yes – multiple datasets or Non-IT Company Type Not Listed Either Listed Listed Listed
  • 10. Tech Stack Data (DiscoverOrg) SFDC Outreach FrontSpin Gong.io Distribution Engine LinkedIn Sales Navigator Chilipiper 10
  • 11. Recognition • Golden Phone – Given to rep with most demo completes/ month • Dorgies – Every quarter sales leadership identifies a top performer to recognize at an all employee meeting • Spiffs/Competitions – Last quarter one of our reps won an apple watch for the most demos booked in a month • Milestones (Inspired by SalesLoft) – 20 Demos in a month (first time hitting quota): Lunch w/ Director of Sales Dev – 300 Demos (about 1 year): Blazers tickets – $3M in Cold Call Revenue (about 2 years): Custom fitted suit/designer shoes ($1000 value) 11
  • 12. Career Path – SDRs and CDRs •  Inbound (3-6 months) –  All new reps start here –  Must maintain SLA of <5 minute lead response time –  Learns basic qualification and objection handling •  SWAT (~6 months) –  Transitional role from Inbound to Outbound –  Works strategic campaigns (Content Syndication, Lead Score Threshold) –  Learns cold calling and prospecting skills •  Outbound (1 year) –  Paired 1:1 w/ AEs –  Works target accounts, cold prospecting –  Engages multiple stakeholders within open opportunities •  Account Executive –  Begins with SMB accounts (1-2 years) –  Graduates to Enterprise accounts (2+ years) 12 •  Customer Development Rep –  All new Customer Success reps start as a CDR –  Learns DiscoverOrg’s platform and customer base –  Graduates to Customer Success Manager –  CDR responsibilities means that SDR leaders will become a larger part of the overall company operations
  • 13. Culture •  No Politics, No Bullshit, No Assholes –  As long as you’re working hard there will be people here to help you get better, to challenge you, and to collaborate with you •  We expect a lot from our people –  We’re focused on stretch goals that feel good to succeed against •  We make mistakes –  Nobody is 100%, we’re okay with that and you need to be too •  We change…a lot –  We’re not perfect and we try a lot of new things that don’t always work. If you don’t like change, this is not the company for you •  We work hard and play hard –  From SKO to Happy Hour, we enjoy being a team 13 Company All Hands Meeting Q1 2017
  • 14. 14 Get 1% better everyday
  • 15. Finance is a Partner 15 Every Monday finance sends a report to the SDR Managers, Sales Leadership, Marketing and Demand Gen Leadership, and the CEO on the metrics AND ANALYSIS of the SDR Team.
  • 16. Finance is a Partner 16
  • 17. Metrics - Inbound 17 Metrics we look for with the Inbound Team ●  Inbound Leads Distribution ●  Demos booked ●  Demos Completed (Conversion Rate) ●  Response Time (SLA + 2 min)
  • 18. Metrics - Outbound 18 Metrics we look for on Outbound ●  Call Activity ●  Demos Booked ●  Demos Completed ●  Completion Rate ●  Pipeline Created ●  $ Won ●  ASP of Outbound Leads
  • 22. When it can get better 22
  • 23. When it can get better 23
  • 24. When it’s good…be paranoid 24
  • 25. New career trajectories Receptionist 25 Golf Caddy Poker ProCoffee Sales
  • 27. Thank You – Q & A Contact DiscoverOrg 805 Broadway St., 9th Floor Vancouver, WA 98660 360-783-6800 www.DiscoverOrg.com 27