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Tae Hea Nahm
Finding Go-To-Market Fit
#SurvivalToThrival
LinkedIn.com/in/TNahm
Bob Tinker
MobileIron Founder/CEO
Punchline Guy
Three-time entrepreneur
Tae Hea Nahm
Storm Ventures VC/Board member
Model Guy
Enterprise Investor
VC
CEO’s
Bob Tinker
MobileIron Founder/CEO
Punchline Guy
Three-time entrepreneur
Tae Hea Nahm
Storm Ventures VC/Board member
Model Guy
Enterprise Investor
How to unlock growth?
Relationships Founder Hero Selling Product Market Fit
Product Market Fit is not enough to unlock growth
Scale after PMF à miss plan, high cash burn à à Skip a step
Product Market Fit is not enough to unlock growth
Named the missing step
“Go-To-Market Fit”à repeatable growth à scalability + predictability
GTM Fit unlocks growth … and capital
Worldwide
Baby Boom
Worldwide
Cash Glut
How Do You Find
Go-To-Market Fit?
What Does GTM Fit Feel Like?
Paddling à Surfing
Tiring Momentum
What Does GTM Fit Feel Like?
Ride the Wave
Right Surfboard
Catch the Wave
Paddling à Surfing
Conversion Execution
Catch the Wave
Leads
Line up with the
Urgent Pain
Surfing to GTM Fit
Ride the Wave Right Surfboard
Repeatable
GTM Playbook
Surfboard =
GTM Data Model
Catch the Wave
Leads
Line up with the
Urgent Wave
Surfing to GTM Fit
Requires Luck or Founder Heresy
Frustration Catch the wave
Missing the waves
Consumer Social Networking
$650B
Professional social networking
$26B
Private social networking
$1.2B
How to Catch a Wave
… then Surf with the Wave
Paddle to the Peak
How to Catch a Wave
Paddle to the Urgent Pain
Why buy now? Timing (too late, too early)
… then Surf with the Wave
(become strategic to the customer)
How to find the Urgent Pain?
Paddle to the Urgent Pain
Why buy now? Timing (too late, too early)
… then Surf with the Wave
(become strategic to the customer)
Commit Founder Heresy
• Focus on the founding idea
• Cast a wider net to collect customer data
Example of finding the Urgent Pain
Paddle to the Urgent Pain
Why buy now? Timing (too late, too early)
… then Surf with the Wave
(become strategic to the customer)
Urgent Pain: Exec’s replacing BB with iPhones
Wave: smartphonesàmobile enterprise in 3+ yrs
Multi-OS
Device
mng
Telecom Expense
Management
After Catching the Urgent Wave
Riding the Wave
Conversion
Catch the Wave
Line up with the
Urgent Pain
Surfing to GTM Fit
Ride the Wave
Repeatable
GTM Playbook
Leads
What is the
GTM Playbook?
What is a GTM Playbook?
My big mistake
’10
JAN
NOT IS
Good pitch + sales tactics GTM operating system
NOT IS
Content Good pitch + sales tactics GTM operating system
Length 30 page bible 1-2 page
Audience Execs and Board Newest employee
Perspective From sales & marketing From customer
(customer journey)
What is a GTM Playbook?
What is the Customer Journey?
Win Renew Expand Hero
Customer
Journey!
• From the customer’s perspective (NOT sales &
marketing)
• Agree on the same customer journey for each ICP
• Critical to building a GTM Data Model
• Critical to improving your GTM
Each
ICP
Lead
Lead
Urgent
Pain
Find the Wow
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Wow!
• Cause potential customers to move to the next stage
of the customer journey
• Cause potential customers to take a specific action --
invite a colleague, try it, bring their boss
• Determined by customer (not product team, CEO,
board)
Each
ICP
Playbook
Make the customer into a hero
Customer Hero Journey
Champion
Manager
email marketing
Director
Demand Generation
CMO
generating Pipeline
Playbook
Lead
Urgent
Pain
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
What makes the customer a hero?
Customer Hero Journey
Champion
Manager
email marketing
Director
Demand Generation
CMO
generating Pipeline
Playbook
Hero
Report!
• Gets executive attention (shared among executives,
gets recognition, promotion)
• Made by customer (not by product team, CEO,
board)
• Identify, replicate and share
Lead
Urgent
Pain
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
Build a community
Customer Hero Journey
Champion
Manager
email marketing
Director
Demand Generation
CMO
generating Pipeline
Playbook
Passionate Community of Heroes
Thought Leadership
“Marketo built a massive community with
educational marketing.” Share advice on how to
become a hero
Hero Stories
“Showcase your champions’ success as crusaders of
change in their companies…. Make your champions (not
your offering) the central hero of the story.”
Chandar Pattabhiram
Lead
Urgent
Pain
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
Sample GTM Playbooks
Playbook
www.SurvivalToThrival.com/media
Product led Marketing led Sales led
Lead
Urgent
Pain
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
Playbook = Ride the Wave
Lead
Urgent
Pain
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
Find and win same type of
customers by matching the
customer journey
How to optimize your
team’s performance?
Catch the Wave
Line up with the
Urgent Pain
Surfing to GTM Fit
Right Surfboard
Surfboard =
GTM Data Model
Leads
Ride the Wave
Repeatable
GTM Playbook
Lead
Urgent
Pain
Challenge is people – cross functional integration
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
Playbook
Marketing
Sales
Cust
Success Eng
G&A
Prod Mng
Teams work in siloes
Playbook
We know the answer
Align and drive teams by setting the right goals and
reporting right metrics (at every board meeting)
How???
Marketing
Sales
Cust
Success Eng
G&A
Prod Mng
Lead
Urgent
Pain
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
Start with Sales report to the Board
If I were a VP Sales,
what slides to include my board deck ….
(Make this Q, Make next Q, Support from others)
Q-4 Q-3 Q-2 Q-1 Last Q This Q
Pipe @ begin of Q A
New Pipe created in Q
New ARR A*B
Pipe conversion %* B
Forecast this Quarter: Pipeline Analytics
Comments: *includes new pipe created in Q if ave sales cycle < 90 days
Q-4 Q-3 Q-2 Q-1 Last Q This Q
Pipe @ begin of Q A
New Pipe created in Q
New ARR A*B
Pipe conversion %* Trends & Reasonable forecast B
Ave sales cycle Drill down on pipe conversion %
Win rate vs ______
% Sales cap is new reps
Poor new pipe quality
Forecast this Quarter: Pipeline Analytics
Comments: *includes new pipe created in Q if ave sales cycle < 90 days
Forecast this Quarter: Sales Rep Analytics
Comments:
Q-4 Q-3 Q-2 Q-1 Last Q This Q
Sales Capacity
New ARR / Sales Cap PRIOR Q
Forecast ARR/Sales Cap
Forecast this Quarter: Sales Rep Analytics
Comments:
Q-4 Q-3 Q-2 Q-1 Last Q This Q
Sales Capacity
New ARR / Sales Cap Reviewing GTM models PRIOR Q
Forecast ARR/Sales Cap Building GTM models
AE
Ramped AE
Ramp time Model new AE hires
Quota
Quota/AE comp Quota economics
% AE’s make Quota Sales quota attainment
Forecast Next Quarter: New Pipeline Creation
Comments: *avg sales cycle + 90 days
Q-4 Q-3 Q-2 Q-1 Last Q This Q
Inbound Marketing
Outbound Sales
Other (eg partner) BD
Total New Pipe ????
Total New Pipe Needed ????
% NP Attainment
Generating enough
pipe?
Forecast Next Quarter: New Pipeline Creation
Comments: *avg sales cycle + 90 days
Q-4 Q-3 Q-2 Q-1 Last Q This Q
Inbound Marketing
Outbound Sales
Other (eg partner) BD
Total New Pipe ????
Total New Pipe Needed
% NP Attainment
Generating enough
pipe?
% Convert in ASC+1Q* New pipe quality
New Pipe/AE Hire more AEs?
Last Board Mtg This Board Mtg
Marketing New pipeline, product marketing ...
Product Features, Reliability, Scale ...
Cust Success References, Referrals ...
BD Pipe from partners, help closing…
HR Hiring and ramping AE’s, …
Finance/Legal Budget, contracts, commissions …
What Sales needs from other departments to make Q
If you want my sample VP Sales presentation, pls ask by LinkedIn
Last Board Mtg This Board Mtg
Marketing New pipeline, product marketing ... Making progress? Metrics?
Product Features, Reliability, Scale ...
Cust Success References, Cust Sat ...
BD Pipe from partners, help closing…
HR Hiring and ramping AE’s, …
Finance/Legal Budget, contracts, commissions …
What Sales needs from other departments to make Q
Problem: Each team uses different metrics and definitions
Playbook
Common GTM Data Model
Requires the right GTM Data Model
Problem: Each team uses different metrics and definitions
Lead
Urgent
Pain
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
SaaS Data Model by Jacco van der Kooij
https://winningbydesign.com/the-saas-data-model/
Track your customer
journey
Be consistent
Playbook = Ride the Wave
Common GTM Data Model = Surfboard
Lead
Urgent
Pain
Win
Wow
Renew
Value
Expand
# products
Hero
Promoted
Each
ICP
Surfing to GTM Fit
Customer journey
(Wow! + Hero Report)
Internal view
Conversion
Right board reports
Siloes
Execution
Cast a wider net
Founder heresy
Leads
Ride the Wave Right SurfboardCatch the Wave
Repeatable
GTM Playbook
Surfboard =
GTM Data Model
Line up with the
Urgent Pain
GTM Fit unlocks growth and capital
Survival à Thrival
Thank You!
Share Comments:
#SurvivalToThrival
Questions:
LinkedIn.com/in/TNahm

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Tae Hea Nahm - Finding 'go to market fit'

  • 1. Tae Hea Nahm Finding Go-To-Market Fit #SurvivalToThrival LinkedIn.com/in/TNahm
  • 2. Bob Tinker MobileIron Founder/CEO Punchline Guy Three-time entrepreneur Tae Hea Nahm Storm Ventures VC/Board member Model Guy Enterprise Investor
  • 3. VC CEO’s Bob Tinker MobileIron Founder/CEO Punchline Guy Three-time entrepreneur Tae Hea Nahm Storm Ventures VC/Board member Model Guy Enterprise Investor
  • 4. How to unlock growth?
  • 5. Relationships Founder Hero Selling Product Market Fit
  • 6. Product Market Fit is not enough to unlock growth Scale after PMF à miss plan, high cash burn à à Skip a step
  • 7. Product Market Fit is not enough to unlock growth Named the missing step “Go-To-Market Fit”à repeatable growth à scalability + predictability
  • 8. GTM Fit unlocks growth … and capital Worldwide Baby Boom Worldwide Cash Glut
  • 9. How Do You Find Go-To-Market Fit?
  • 10. What Does GTM Fit Feel Like? Paddling à Surfing Tiring Momentum
  • 11. What Does GTM Fit Feel Like? Ride the Wave Right Surfboard Catch the Wave Paddling à Surfing
  • 12. Conversion Execution Catch the Wave Leads Line up with the Urgent Pain Surfing to GTM Fit Ride the Wave Right Surfboard Repeatable GTM Playbook Surfboard = GTM Data Model
  • 13. Catch the Wave Leads Line up with the Urgent Wave Surfing to GTM Fit Requires Luck or Founder Heresy
  • 15. Missing the waves Consumer Social Networking $650B Professional social networking $26B Private social networking $1.2B
  • 16. How to Catch a Wave … then Surf with the Wave Paddle to the Peak
  • 17. How to Catch a Wave Paddle to the Urgent Pain Why buy now? Timing (too late, too early) … then Surf with the Wave (become strategic to the customer)
  • 18. How to find the Urgent Pain? Paddle to the Urgent Pain Why buy now? Timing (too late, too early) … then Surf with the Wave (become strategic to the customer) Commit Founder Heresy • Focus on the founding idea • Cast a wider net to collect customer data
  • 19. Example of finding the Urgent Pain Paddle to the Urgent Pain Why buy now? Timing (too late, too early) … then Surf with the Wave (become strategic to the customer) Urgent Pain: Exec’s replacing BB with iPhones Wave: smartphonesàmobile enterprise in 3+ yrs Multi-OS Device mng Telecom Expense Management
  • 20. After Catching the Urgent Wave Riding the Wave
  • 21. Conversion Catch the Wave Line up with the Urgent Pain Surfing to GTM Fit Ride the Wave Repeatable GTM Playbook Leads What is the GTM Playbook?
  • 22. What is a GTM Playbook? My big mistake ’10 JAN NOT IS Good pitch + sales tactics GTM operating system
  • 23. NOT IS Content Good pitch + sales tactics GTM operating system Length 30 page bible 1-2 page Audience Execs and Board Newest employee Perspective From sales & marketing From customer (customer journey) What is a GTM Playbook?
  • 24. What is the Customer Journey? Win Renew Expand Hero Customer Journey! • From the customer’s perspective (NOT sales & marketing) • Agree on the same customer journey for each ICP • Critical to building a GTM Data Model • Critical to improving your GTM Each ICP Lead
  • 25. Lead Urgent Pain Find the Wow Win Wow Renew Value Expand # products Hero Promoted Wow! • Cause potential customers to move to the next stage of the customer journey • Cause potential customers to take a specific action -- invite a colleague, try it, bring their boss • Determined by customer (not product team, CEO, board) Each ICP Playbook
  • 26. Make the customer into a hero Customer Hero Journey Champion Manager email marketing Director Demand Generation CMO generating Pipeline Playbook Lead Urgent Pain Win Wow Renew Value Expand # products Hero Promoted Each ICP
  • 27. What makes the customer a hero? Customer Hero Journey Champion Manager email marketing Director Demand Generation CMO generating Pipeline Playbook Hero Report! • Gets executive attention (shared among executives, gets recognition, promotion) • Made by customer (not by product team, CEO, board) • Identify, replicate and share Lead Urgent Pain Win Wow Renew Value Expand # products Hero Promoted Each ICP
  • 28. Build a community Customer Hero Journey Champion Manager email marketing Director Demand Generation CMO generating Pipeline Playbook Passionate Community of Heroes Thought Leadership “Marketo built a massive community with educational marketing.” Share advice on how to become a hero Hero Stories “Showcase your champions’ success as crusaders of change in their companies…. Make your champions (not your offering) the central hero of the story.” Chandar Pattabhiram Lead Urgent Pain Win Wow Renew Value Expand # products Hero Promoted Each ICP
  • 29. Sample GTM Playbooks Playbook www.SurvivalToThrival.com/media Product led Marketing led Sales led Lead Urgent Pain Win Wow Renew Value Expand # products Hero Promoted Each ICP
  • 30. Playbook = Ride the Wave Lead Urgent Pain Win Wow Renew Value Expand # products Hero Promoted Each ICP
  • 31. Find and win same type of customers by matching the customer journey How to optimize your team’s performance? Catch the Wave Line up with the Urgent Pain Surfing to GTM Fit Right Surfboard Surfboard = GTM Data Model Leads Ride the Wave Repeatable GTM Playbook
  • 32. Lead Urgent Pain Challenge is people – cross functional integration Win Wow Renew Value Expand # products Hero Promoted Each ICP Playbook Marketing Sales Cust Success Eng G&A Prod Mng Teams work in siloes
  • 33. Playbook We know the answer Align and drive teams by setting the right goals and reporting right metrics (at every board meeting) How??? Marketing Sales Cust Success Eng G&A Prod Mng Lead Urgent Pain Win Wow Renew Value Expand # products Hero Promoted Each ICP
  • 34. Start with Sales report to the Board
  • 35. If I were a VP Sales, what slides to include my board deck …. (Make this Q, Make next Q, Support from others)
  • 36. Q-4 Q-3 Q-2 Q-1 Last Q This Q Pipe @ begin of Q A New Pipe created in Q New ARR A*B Pipe conversion %* B Forecast this Quarter: Pipeline Analytics Comments: *includes new pipe created in Q if ave sales cycle < 90 days
  • 37. Q-4 Q-3 Q-2 Q-1 Last Q This Q Pipe @ begin of Q A New Pipe created in Q New ARR A*B Pipe conversion %* Trends & Reasonable forecast B Ave sales cycle Drill down on pipe conversion % Win rate vs ______ % Sales cap is new reps Poor new pipe quality Forecast this Quarter: Pipeline Analytics Comments: *includes new pipe created in Q if ave sales cycle < 90 days
  • 38. Forecast this Quarter: Sales Rep Analytics Comments: Q-4 Q-3 Q-2 Q-1 Last Q This Q Sales Capacity New ARR / Sales Cap PRIOR Q Forecast ARR/Sales Cap
  • 39. Forecast this Quarter: Sales Rep Analytics Comments: Q-4 Q-3 Q-2 Q-1 Last Q This Q Sales Capacity New ARR / Sales Cap Reviewing GTM models PRIOR Q Forecast ARR/Sales Cap Building GTM models AE Ramped AE Ramp time Model new AE hires Quota Quota/AE comp Quota economics % AE’s make Quota Sales quota attainment
  • 40. Forecast Next Quarter: New Pipeline Creation Comments: *avg sales cycle + 90 days Q-4 Q-3 Q-2 Q-1 Last Q This Q Inbound Marketing Outbound Sales Other (eg partner) BD Total New Pipe ???? Total New Pipe Needed ???? % NP Attainment Generating enough pipe?
  • 41. Forecast Next Quarter: New Pipeline Creation Comments: *avg sales cycle + 90 days Q-4 Q-3 Q-2 Q-1 Last Q This Q Inbound Marketing Outbound Sales Other (eg partner) BD Total New Pipe ???? Total New Pipe Needed % NP Attainment Generating enough pipe? % Convert in ASC+1Q* New pipe quality New Pipe/AE Hire more AEs?
  • 42. Last Board Mtg This Board Mtg Marketing New pipeline, product marketing ... Product Features, Reliability, Scale ... Cust Success References, Referrals ... BD Pipe from partners, help closing… HR Hiring and ramping AE’s, … Finance/Legal Budget, contracts, commissions … What Sales needs from other departments to make Q If you want my sample VP Sales presentation, pls ask by LinkedIn
  • 43. Last Board Mtg This Board Mtg Marketing New pipeline, product marketing ... Making progress? Metrics? Product Features, Reliability, Scale ... Cust Success References, Cust Sat ... BD Pipe from partners, help closing… HR Hiring and ramping AE’s, … Finance/Legal Budget, contracts, commissions … What Sales needs from other departments to make Q Problem: Each team uses different metrics and definitions
  • 44. Playbook Common GTM Data Model Requires the right GTM Data Model Problem: Each team uses different metrics and definitions Lead Urgent Pain Win Wow Renew Value Expand # products Hero Promoted Each ICP SaaS Data Model by Jacco van der Kooij https://winningbydesign.com/the-saas-data-model/ Track your customer journey Be consistent
  • 45. Playbook = Ride the Wave Common GTM Data Model = Surfboard Lead Urgent Pain Win Wow Renew Value Expand # products Hero Promoted Each ICP
  • 46. Surfing to GTM Fit Customer journey (Wow! + Hero Report) Internal view Conversion Right board reports Siloes Execution Cast a wider net Founder heresy Leads Ride the Wave Right SurfboardCatch the Wave Repeatable GTM Playbook Surfboard = GTM Data Model Line up with the Urgent Pain
  • 47. GTM Fit unlocks growth and capital Survival à Thrival