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I’ve sat through a lot of VC pitches and having been CEO of an enterprise software firm for many years I’ve also sat through many customer meetings with sales teams. After the sales meetings I would ask the exec afterward, “how do you think it went?&# We used to do this in our sales slides.
The entrepreneur cannot wait to show me their product via a demo. Most entrepreneurs seem confused by my reaction and often say something like: “VCs love demos. My “no demo” approach is clearly not appropriate when assessing the veracity of investments with a hardware component or with a consumer facing product.
In my first enterprise software company we developed a methodology for sales that we called PUCCKA , which I wrote about previously. Having a good sales methodology can help you ensure your company runs more disciplined campaigns and focuses scarce resources on your best opportunities. It the second rule of sales, “Why Buy Me?”
The path I went down after a few years was to hire more process driven people and devolved more daily operational ownership to people running individual functions such as product management, sales management, finance, etc. One of the most obvious places where you see this is in sales & marketing. Ditto the CFO. I was the laggard.
Thousand Oaks-based Teledyne Technologies announced Friday that it has acquired Demo Systems, LLC, based in Moorpark. Demo Systems is a designer and manufacturer of aircraft data loading equipment and software used by commercial airlines, the U.S. military and aircraft manufacturers. for its fiscal year ended December 31, 2007.
Man or woman, the tactics deployed by Sam are applicable to any sales situation and can be put to use by any salesperson, irrespective of their gender. Right from the start, Sam must endure the most painful of all forms of sales rejection, the personal attack. He continues smiling and deploys a rudimentary sales technique.
Very few of them are started, in my experience, by sales people and very few early stage companies really understand sales. That’s why I started the Sales & Marketing Series and at one point I will do a bunch of posts on the sales methodology we developed at my first company called PUCCKA. More on that later.
Jeff (also an HBS alum) co-teaches the LTV course with Professor Eisenmann about a student of theirs who had written a blog post about sales taking on some of my previous assertions. That student is Erin McCann who formerly worked in sales at Google, so she has some ground to stand on in her assertions. Specifically, 1.
One other big tell for me is the CEO’s grasp of the sales pipeline. I can’t tell you how many CEO’s I’ve met with who can’t walk me through the details of their sales pipeline. Who does sales report to? Who does finance report to? You’re slitting that stuff? Then what does COO mean?
Pasadena-based customer relationship management (CRM) software developer Rexter is launching a new product, later today, at the Microsoft Accelerator Demo Day in Seattle. Rexter said the new tooks with existing, CRM systems.
As our first time covering a 500 Startups demo day , we could only imagine the stratospheric levels of stress our Batch 8 founders must have gone through to get on stage and present their progress from their last four months of startup bootcamp. In true 500 Startups fashion, Demo Day had an almost cathartic feel. ” Demo Day.
is the brainchild of David Padula, Derek Padula, and Dave Delaney, who have created a platform to help developers monetize their games through merchandise sales. The company was one of the companies that presented at StartEngine''s demo day back in January.
A little over a year after its graduation from Y Combinator’s demo day, the on-demand construction materials delivery service Curri is beginning to offer its services in all 50 states. “They act as a wholesaler doing all the sales, but they’re also acting as a logistics company as well,” said Lafferty.
Jason Calacanis , the CEO of Santa Monica-based Mahalo.com, is threatening to sue TechCrunch , over TechCrunch's sale to AOL last month, claiming breach of fiduciary duty and constructive fraud. Arrington and Calacanis had joined together to launch TechCrunch50, a competitor to the DEMO launch conferences, back in 2007.
RxVantage (www.rxvantage.com), based in Los Angeles, is looking to tackle that huge market with its medical scheduling software for pharmaceutical and medical sales reps and medical offices, and is venture backed by Slater Technology Fund and Javelin Venture Partners. Medical offices aren''t known for their quick adoption of technology.
Justin Bieber is unbelievably entrepreneurial and most of you will never know it because he serves a target demo that doesn’t include you. You need to be great at something: technology back-end, front-end design, usability, sales, marketing, quantitative analysis, leadership –> whatever.
The most important advice I could give you before you set out in fund raising mode is to understand that fund-raising a sales & marketing process and needs to be managed. Somehow many first-time founders equate “sales” with something that is beneath them. In sales there are also three rules: Qualify, qualify, qualify.
It has tutorials, presentations, demos and discussions for new and seasoned developers, researchers and data analysts, business managers and sales marketers, come to join us to play with data and share knowledge! See [link] (more)
I recently wrote a blog post here in which I argued that the best VC meetings are discussions and not sales pitches. Many people agreed and added that even the best sales meetings are also discussions and not pitches. This is part of my ongoing series, “ Pitching a VC.&#. This meeting was a 10/10 for me. is important.
10% of our revenue is coming from direct sales of our banner inventory. 15% is coming from in-app product sales (25% of these with cash, 75% with “incentivized offers.”). I don’t want to go in depth here because it could take a whole blog post, but if you’ve got direct sales teams make sure to have performance metrics in place.
Can we do a really quick run through your deck so that we save tons of time for a product demo & questions at the end?&#. If it’s preparing for a sales, biz dev or other type of meeting it’s so easy these days using LinkedIn, Facebook & Twitter to find out who knows that individual. Can I make a small suggestion?
More tellingly was the sale of Mint.com to Intuit for $170+ million because it showed VCs that a well-executed investment can still garner a quick, solid results (the company was sold around 3 years after its foundation). VC’s are working hand-in-glove with the investment bankers to prepare for IPOs or create auction-style trade sales.
We held a 90-minute demo session where 150 of LA’s VC’s and senior technology executives watched the LPLA V2 group present in small groups of 12-15 each. But at the highest level they’ve created a marketplace for “flash&# sales. Thursday night was the unveiling of the newest batch of Launchpad LA companies.
It’s always impressive to have stand-alone supporting documents for product specifications, sales plan details, and backup financial reports. Let me show you a demo rather than a business plan.” Demos never go according to plan, and ones that work go on far too long. The best demos to investors are 30 seconds or less.
FabFitFun also has been streaming live shows on its Facebook page; experimenting with subjects like sale previews, product showcases, and “Founder Chats” between its co-founder and editor-in-chief Katie Rosen Kitchens and various entrepreneurs. FabFitFun expands its empire with a new app for Apple TV and Amazon Fire. 24 to Oct.
We had already begun this process, when that dislocation occurred, which enabled us to assemble a team that not only came from engineering and architecture, but also sales. We were able to hire Mike Riley, the voice of Iron Man, who had been the global head of sales for Active. He''s truly the Derek Jeter of the endurance space.
Berberian, speaking at Disney's Accelerator Demo Day in Burbank on Thursday, said the company's participation in the accelerator ramped up its sales volume by over 500 times what it had been, calling the participation in the program "absolutely company-making."
It’s always impressive to have stand-alone supporting documents for product specifications, sales plan details, and backup financial reports. Let me show you a demo rather than a business plan.” Demos never go according to plan, and ones that work go on far too long. The best demos to investors are 30 seconds or less.
Sales owns the former, the latter get marketing emails so you’ll be top of your prospects’ minds. When you do get a follow up meeting tell them about your new revenue model, ask to show your new demo, talk about the progress you’ve made and what has turned out differently then expected. VC’s are the same.
I’m simply pointing out that by numbers more startups are founded in that younger demo). Today we have all of my past videos with categories so you can more easily explore topics like: fund raising, HR, VC advice, negotiations, sales, marketing, etc. Just that Snapchat is less crowded. Why would Suster do that!!
It’s always impressive to have stand-alone supporting documents for product specifications, sales plan details, and backup financial reports. Let me show you a demo rather than a business plan.” Demos never go according to plan, and ones that work go on far too long. The best demos to investors are 30 seconds or less.
It’s always impressive to have stand-alone supporting documents for product specifications, sales plan details, and backup financial reports. Let me show you a demo rather than a business plan.” Demos never go according to plan, and ones that work go on far too long. The best demos to investors are 30 seconds or less.
Buzz that does not ultimately generate sales is worth little. Twitter hashtag activity resulted in 4 demos. The efficacy of a guerilla marketing campaign should be measured by the concrete results it generates. In Hubba''s case, the company was well rewarded for its boldness. 230 flyers resulted in 87 site visits (38% conversion rate).
A small refuge from a busy day of shaking hands and demo’ing products. I traveled out there with our then head of sales & operations (and my business partner) Stuart Lander. They were fine traveling RyanAir and then having to bus an extra hour to get to the event but they wanted their own room to crash in late at night.
to actionable user feedback, "Just went through the demo. Never ask a tech community for feedback when your true intent is to close a sale. He lamented that sales at his former startup, Microline Software, were initially difficult to achieve because his target market was software developers. You definitely have a nice start.
After rejuvenating from the exhausting sale of Quigo, Mike started a ‘boring site’ called Tracked.com that he thought would be a better version of Yahoo! Before they even launched, Mike and his team started bringing in hundreds of influencers from NYC’s technology ecosystem to their office to give them a private demo.
Dreamforce is the conference for sales and marketing professionals. Dreamforce was particularly important to Invoca because it has invested its precious development resources to build and support an app for the Salesforce App Exchange , which enables marketers and sales professionals to track and measure the value of their inbound calls.
As for what will happen at the store, Fifth Wall’s Adam Demuyakor tells me “There will be deployment of scooters, charging of scooters, and some sales of apparel and accessories that are related. There will be demos, tutorials, and presentations on how to be safe.”
After some pre-game mingling, we began our evening with demos from companies that had been picked from months of company submissions. Leftronic , our final company to present demo’d their impressive data visualization platform that displays information in real time and within browser windows, meaning, no software to download.
If you want to see how this works come check out our Nov 10th event in LA and you can see TextPlus demo their iOS5 integration and how they think about the importance of working hand-in-hand with Twitter for their free text messaging apps. New tickets about to go on sale for your favorite band – Tweet. Object Communications.
A traffic jam of expensive cars lined up to pull into the packed parking lot of MuckerLab for its second graduating class demo day. The demo is the ceremonial end to the structured part of it, but our focus is really on building a really great business. RocksBox , a new discovery and sales channel for designer fashion jewelry.
In other words, once they are convinced that the product works, they assume their price, sales channel, and marketing will bring in the customers. Gather some representative customer contacts, and give them your best sales pitch, including price, channel, and support. These days, the technical side may be the easy part.
Marketing, sales, and partners. Describe marketing strategy, sales plan, licensing, and partnership plans. What is the planned exit strategy (IPO, merger, sale, including likely candidates)? Offer to do a demo later, but don’t try to squeeze it in the presentation. What is the timeframe for the exit?
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