Ian Faison & Suresh Sathyamurthy

Building High Impact Partner Ecosystems


Suresh Sathyamurthy shares his insights into building high-impact partner ecosystems, ways to demonstrate value to your customers, and secrets to non-intrusive marketing.



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[MUSIC]

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Welcome to Demand Gen Visionaries.

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I'm Ian Faze on CEO of Casmin Studios.

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And today we are joined by a special guest, Sresh.

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How are you?

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I'm doing very well, Ian.

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Thanks for having me.

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Yeah, thanks so much for joining.

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Excited to chat about single store and all the cool stuff

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that you have going on there, and obviously

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get into your background.

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So how did you get started in Demand Gen the first place?

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I started my career right after my MBA.

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I got an internship at Microsoft in product management

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and marketing.

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And that's what got me started in marketing and demand

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gen to begin with.

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And I grew through the ranks in Microsoft.

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I worked in other companies, big companies and small,

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and have always been a fan of marketing

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and its impact on the business.

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And that's what got me here.

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And so flash forward to today.

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Tell us a little bit about your role at single store.

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I'm responsible for all marketing activities

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at single store as the chief marketing officer.

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In addition to the CEO more responsibilities,

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I'm also responsible for developer relations.

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We are an application platform product.

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We target developers.

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A developer relations is an important component of marketing.

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And I also work with our product teams

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on what we call PLG, product-led growth,

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on how do we use the product as an offer

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to drive and experience to acquire new customers?

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I love it.

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We're going to dive into all that stuff.

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Let's go to our first segment.

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The Trustery is where we can go and feel honest and trusted.

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And you can share those deepest, darkest marketing secrets.

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So what does single store do?

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A single store is a database for modern real-time applications.

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So these days when you build applications,

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you need information real-time.

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Think about Uber, for example.

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When you ask for a ride, you can't keep the app spinning.

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You need the car to arrive as soon as possible.

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At least give you the information in real-time.

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So Uber, for example, runs on single store.

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And anything that you do on share trading or stocks

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where happens real-time, that runs on single store.

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And most of the audience in this call

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is probably marketing executives and marketing leadership.

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Many of the martech dashboards and applications

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that they use, like heap, outreach, integrate,

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factors AI, phantom analytics, all of them

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run on single store.

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So we are a database for applications like those

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or what we call real-time applications.

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And who all the you sell to?

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What's your customer persona?

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So we have two.

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We have the users and the decision makers.

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The users are those who build applications

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or want data quickly that they can use to make decisions on.

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So these are usually developers, data architects, data engineers.

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The decision makers are the chief information officers.

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And these days, there is a new title, the chief data

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and analytics officers or chief data officers.

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They are an integral part of the decision process

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on the platform that you build for real-time analytics

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and use cases such as those.

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Yeah.

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And what does that buying committee look like?

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Are they actually involved in the decision-making process there?

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The journey starts with the person

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who is building the application.

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In the process of building an application,

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they decide what data stack they have to choose.

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And they start exploring those data stacks.

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And that's why we do have a product-led growth motion.

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We want to give the customers an experience

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to try the product to see if it fits their use cases and needs.

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So that's where the journey starts.

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But as soon as the developer and the development team

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make this decision on the data stack to go for,

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then it goes to the decision makers about them,

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the CIOs and CDAOs, the chief data and analytics officers.

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And that is the tribe that gets together

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to make a decision on what platform to choose

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for their application and watch data stack

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to choose for their application.

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And how is your marketing and sales

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are structured to go acquire those accounts?

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So the way I've structured my organization

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is I call it the Engine and Gas Model.

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With the evolution of electric cars,

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we probably need to find an analogy for it.

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But the Engine and Gas Model is actually very simple.

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The Gas is the set of information workers and people

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who build content, messaging, and value proposition

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that we want to take to market.

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And we want to take to this audience.

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So we have them structured by audience profiles.

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And these are the content marketers.

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These are the product marketers.

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These are those who build technical value,

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like TMEs, technical marketing engineers.

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The second piece is the engines,

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which is essentially the teams that take that message

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to market.

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These could be campaigns, programs, webinars,

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events and trade shows, social media marketing,

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all of the engines that take the message to market.

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So the way I've structured my team is really four buckets.

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In the Gas side, it is the product marketing

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and content marketing organizations.

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In the Engine sides is everything that we need to do

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to demand gen, which is campaigns, programs,

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social media, awareness, et cetera.

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I do have a marketing ops function

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as the third leg of this tool,

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which is going to help with data and analytics

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to inform those decisions of engine and gas.

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And of course, I have also have a communications organization

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on reaching media, as well as our influencers in the field,

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like analysts and press.

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- And then you said that your developer relations team,

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does that live sort of like outside of marketing,

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tangential to marketing?

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How does that work?

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- The way I've structured it now is I see developer relations

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and the advocates in our developer relations team

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as those who build content that adds value to developers

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that helps them through this decision process

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to try the product.

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So they sit within that gas arm of the team,

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the product marketing, content marketing,

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and developer relations are a part of that organization.

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I do believe that they could be

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a standalone organization as well,

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but as it stands today,

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based on the competencies that I have in the team,

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they fit very well with where they are today.

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- Yeah, that makes sense.

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And that's what we see a lot of times

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like if we're making a podcast

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and someone has that sort of either developer relations

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or a similar type of expertise field,

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a lot of times they'll sit close to content

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or community or whatever that piece is.

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And then you mentioned how demand sort of fits in there.

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What's your demand strategy?

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- So there are a couple of strategies for demand.

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The first of course, I told you where we have to start,

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which is during the buying cycle,

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the developer has to evaluate the product

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to decide what stack to choose on.

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So that's where the journey starts.

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So the first part of our demand gen

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is getting people to trial.

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The discovery and consideration of the product

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is targeting developers

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and getting them to trial.

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So we have free offers to get them to try the product

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and we have a team, and these are not salespeople,

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they don't carry a quota,

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a team that is dedicated to making sure

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that the developer is successful in the project

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that they are trying to do.

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And by getting them to adopt and use the product,

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we generate what we call PQLs or product qualified leads,

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just like MQLs, but by getting people

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through the experience of trying the product, right?

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That is where the journey starts.

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Now, of course, there are other decision makers

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and influencers in that tribe

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that has to choose the product beyond just the developer.

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So we provide them with information of value

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that can help them make the right decision

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and choose the right product for the data stack.

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And these are more content that is more thought leadership

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that gets them to explore new ways of thinking

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about modern applications and data stacks,

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as well as to give them enough information

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for them to consider a newer emerging technology

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like single store instead of a traditional legacy database

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product as well.

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And we believe that the combination of PQLs and MQLs,

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PQLs, product qualified leads,

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driving the user adoption and MQLs that provide enough value

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to the rest of the decision tribe

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is the right approach to drive demand.

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- As you're driving those PQLs,

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how much outbound stuff are you doing

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to drive those type of things

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versus using that energy to drive the MQLs?

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- I would say it's a combination of both.

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So developers don't like to get marketed to.

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And what I mean by that is they want to find information

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in the places, in the watering holes

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that they go to for information.

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So part of the way we achieve that

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is with our developer relations team.

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We want to make sure our developer relation team

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is building content of value to these developers

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and making them available in the watering holes

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that the developers go for information in.

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And once they get that information,

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they become an in-bird lead.

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They come to the website to explore the product

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to try the trial or read more or learn more about the product.

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And that becomes more of an in-bird lead.

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But in addition to that,

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we also want to have more of the speed media and outreach

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to acquire these developers who are users of other products

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today, are users of competitive products,

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users of substitutes to achieve the same goal

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and inform them about the value that we bring to the table.

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And that we take more of an paid approach.

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So it's a combination of paid an organic inbound and outbound

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that helps us get the right source of leads

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from a PQL perspective.

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- Anything else there on strategy

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or even some broader thoughts on marketing strategy?

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- There are a couple of things that I would add

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in addition to those.

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The first is there is also an ecosystem

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that is involved in the decision process.

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Data stack decision is not made in vacuum.

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It is what other technologies do they work with.

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For example, in the case of ingesting data

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that is streaming or real time,

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how the product works with Apache Spark,

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which is an open source tool for ingest,

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that becomes an important factor as well.

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So we also focus on what ecosystem of partners

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that we have to partner with

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to provide a more holistic value to the customer

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beyond just the value that the product delivers.

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So we do have an what we call an innovation lab

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based in Raleigh, North Carolina,

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where we work closely with ancillary partners

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and other technologies.

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And essentially our intent is developers and customers

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will come to us if we provide them

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with enough differentiated value.

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And by partnering with these other technology providers,

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we are able to give a more comprehensive value

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to the developers building application.

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So that is a strategy that we have invested in as well

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to add value and to acquire new customers.

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- I love it.

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Let's go to the playbook.

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This is where we open up the playbook

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and talk about the tactics that help you win.

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- You play to win the game.

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Hello, you play to win the game.

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You don't play it, it's just play it.

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- What three channels or tactics

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are your uncutable budget items?

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- So my uncutable budget items

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is all focused around discovery.

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Being a startup, we are relatively less known brand

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and our competitors are big ones like Oracle and Amazon

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and Google.

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They have a lot of brand awareness already behind them.

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So what we have to do is we have to make sure

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that we are in the right place

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and in the right time to be discoverable.

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So one of the activities that I would never cut out

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of my budget is paid media specifically targeting

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competitive keywords, paid search specifically targeting

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competitive keywords because that is the journey

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that is where our developers and users start their journey.

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They start looking for solutions that is out there

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and explore solutions that is out there.

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The second approach we take,

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the tactic of course is still paid media and search

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but the approach that we take is we also buy keywords

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for common problems that customers have

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with their databases that single store can help address.

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So by going after those problems,

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we find that developers usually go search for solutions

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to those problems and use those keywords.

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By using those keywords and having the right content

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to help address those problems,

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we get customers to come to our website,

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explore our product and treat it as a potential solution

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that could potentially be a lead for us as well.

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That is then part of our uncuttable budget,

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paid search and paid media.

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The second part that I believe is uncuttable

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is the developer relations aspect of it.

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Database as themselves are application platforms.

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So it's critical that the user is involved

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in the decision process of a database.

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And developers are the primary users of the,

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or decision makers here, the users and decision makers here.

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So by giving them value,

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the developer relations team's primary mandate

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is to provide value to the developers,

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the users of the product.

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I think that is uncuttable.

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I do think that marketing's role is to help add value

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to the customers.

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And by adding value to the customers,

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they come to us for solutions for it.

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And this approach that I saw embrace

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is just giving customers value that they find with the brand.

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So they come to the brand to address solutions for them.

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It helps us build our brand with the developers as well.

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- Yeah, I'm curious.

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You mentioned that developers don't like to be marketed to.

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It seems like they do click on Google Ads

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and stuff like that.

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So they're sort of like when they're in that moment,

13:22

looking for different things, then that stuff is there.

13:25

And developer relations kind of acting like a brand play almost

13:28

to make sure that they know who you are

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and that you exist and that you're there to help.

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Is this something that like as a smaller organization

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or smaller company than your competitors relatively,

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there's some like hidden value there

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that you could be more personalized

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or you could invest in that,

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whereas you can't necessarily invest

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in like huge brand campaigns, for example,

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but you could invest more in sort of like building

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those relationships one to one almost.

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- Yeah, there are actually two things

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that more agile, fast growing smaller companies can do

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that I found that these large companies struggle with.

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And it is also the advantage of these fast growing

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scale ups and startups have over the big,

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more established players.

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The first thing that we can do,

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and I'll give you an example on how we are doing this as well.

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I talked to you about developers searching for problems

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that they run into when they are building their application.

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So most of the developers who are choosing a database

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start with an open source database like MySQL.

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And as their application grows, they run into errors.

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And there are usually one to three common errors

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like too many connections, the memory is full, et cetera.

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What we did is we targeted those specific errors

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and we had our developer relations team

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build content to help address those errors,

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to tell them how single store can be a solution

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to that problem.

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And we provided a rich set of information

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to those developers and we asked them for nothing,

15:02

inter-term.

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It was helping them solve the problem.

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And of course, as a function of going and learning

15:09

about how to solve the problem,

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they discovered that single store

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is a potential solution to the problem.

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They give it a try.

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Now, we didn't market all of the capabilities

15:18

that single store could do.

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We only marketed that problem that single store

15:23

could solve for them.

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And once they use us, they learn that it could solve

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many more problems that they had

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and they start using the product

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and they start displacing the computation.

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Now, this is something that you will find big companies

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don't do.

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They are more often than not focused on talking about

15:38

all of the capabilities and functionalities

15:41

that their product can deliver.

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They are not focused on solving a specific problem

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for a small customer.

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The second thing, which I think small agile companies

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like ours can do, is we can lean into more aggressive marketing.

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We can get more attention by cutting through the noise.

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Whereas in larger companies, there's a lot of red tape

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and bureaucracy behind what should be the brand associated

16:06

with because they just don't have one product.

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They have a portfolio of different products

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and they have a brand that has its own value

16:12

in the balance sheet that they're supposed to protect.

16:14

This gives us a lot more attention and ability

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to cut through the noise.

16:18

And single store has done that with its billboards

16:21

that you see in 101 here in Silicon Valley.

16:23

We take more of an aggressive marketing approach

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to get attention that people take photos

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and tweet and talk about as well,

16:30

which many companies don't do.

16:32

Their ads are very bland.

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- Yeah, and it seems like that those sort of things

16:36

like understanding what the inside jokes are.

16:39

And obviously you can do research and data and all that stuff,

16:41

but it seems like the only way to really do that

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is to have people that are living it every day.

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You can't just throw a hat on a marketer

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and say like learn everything about developers

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and hope that they are gonna understand all that stuff.

16:54

It seems like you have to pull a lot of that

16:55

out of the communities.

16:57

- That is true as well.

16:58

And one of the biggest benefits of having your developer

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relations team aligned to your marketing organization

17:04

is they tell you what the developers value.

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They tell you what they like and don't like

17:11

about your messaging or content.

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And they give you input that makes your product marketing

17:16

and other functions in your marketing organization

17:18

better as well.

17:19

And you're aligning and all the ships are sailing

17:22

in the same direction towards adding value to the developer,

17:24

which is exactly what we want to do.

17:27

We believe that if we add value to the developers,

17:29

they will come to us for solutions

17:30

and they will give us a try.

17:32

And we know based on our data that when customers come

17:36

and try our product be more often than not when.

17:38

Our focus is to add value to their process

17:41

of building an application or helping them make the right

17:44

decision for their data stack, which also means

17:47

there may be use cases or workflows where single store

17:50

is not the right fit for.

17:52

And we should be able to tell them that

17:54

and tell them why they are better off with a better solution.

17:58

And that honesty and transparency on where we work,

18:01

what works best for them also builds trust on your brand.

18:04

So the next time they have a real time app need,

18:07

they come to you as a solution.

18:09

- Yeah, it's interesting.

18:10

We always talk about the product has to fit the marketing,

18:13

like the culture of the company and all that stuff,

18:16

because if it's disjointed, the person kind of knows.

18:19

It seems like because of the way that you have

18:22

this PLG motion that you can have these people out there,

18:27

the developer relations folks,

18:28

and just say like out there helping people and they're like,

18:31

"Hey, by the way, you know, like we do this,

18:33

"you can try it, it's free, like go check it out.

18:36

"You know, if you like it, then that's great.

18:37

"And if not, no worries, no harm done," sort of a thing.

18:40

It seems like those two things go together

18:43

that you get a little bit more just honesty

18:45

and transparency there.

18:47

Whereas if you were like,

18:48

"Hey, yeah, we're just here to help."

18:49

And then you have a bunch of gated stuff

18:51

and everything is sort of behind big paywalls

18:53

and it's super complex purchase and all that stuff.

18:56

Well, that's not really something

18:58

that I can just kind of sink my teeth into

19:00

and see if I like it.

19:02

- Exactly, exactly.

19:03

We think about it as a non-intrusive marketing

19:06

or value addition.

19:07

We don't want to be intrusive.

19:09

We want the customers to evaluate their product

19:11

in their own terms.

19:12

I'll give you some examples of how we have achieved this.

19:15

You could go to our website today.

19:16

There'll be a button on the top right that says, "Try me."

19:19

You click on it.

19:21

We are not going to ask you to fill a form.

19:23

We are not going to ask you to give your full name,

19:25

your phone number, your address,

19:27

and your official email, et cetera.

19:29

You go, you use your single sign on,

19:31

whatever you're used to using.

19:33

Your email is all we need to get you started.

19:35

That is one way of making sure

19:37

that we are focused on the experience for the customer.

19:40

Now, if they do need help from you,

19:43

we have a chat where there are engineers, not salespeople,

19:47

engineers waiting to help the developer build their application.

19:51

So, the chat facility is, again, not focused on selling,

19:54

but help you be more successful in your project.

19:57

And we are also engineering and product teams

19:59

are working closely with marketing

20:01

to also improve the experience of using the product

20:04

in the customer's own terms.

20:05

So, it makes it easy for them to try it,

20:08

decide if it's the right choice for them,

20:10

and buying the product, again, in your own terms.

20:12

You want to use your credit card and buy directly

20:15

from the website.

20:15

You want to talk to a person that is available to you.

20:18

And philosophy of ours is,

20:20

the customer should not feel like we are intruding

20:24

and they only do it in their own terms.

20:26

And I do believe that adds tremendous value.

20:29

The experience itself creates perception of the brand.

20:33

It also helps the customer make faster decisions.

20:37

That is really cool.

20:38

I didn't know that you all did that before the episode

20:40

I went through and did the try-free

20:42

and all that sort of stuff, just to check out your stuff.

20:44

But I didn't realize that you could chat with engineers.

20:47

Obviously, we talk about chat a bunch on this

20:49

because our amazing sponsor, Qualified,

20:52

is the number one place for pipeline development

20:54

and conversational marketing.

20:55

So, we think about that a lot,

20:56

but I hadn't heard that use case of saying,

20:59

like, hey, actually, you can just chat with someone

21:02

who's going to help you solve your problems right away.

21:04

That's really cool.

21:05

- Yeah, and we believe it's a fundamental tenant

21:07

of our brand as well.

21:08

We are here to add value, not to market to you.

21:11

Marketing is a term that we just use internally,

21:13

but we believe if we add value to our users,

21:16

the customers will come to you.

21:18

- Okay, what's your third uncuttable?

21:20

- The third one that I've seen

21:21

that has added tremendous value to us

21:23

is a focus on our strategic partners and ecosystems.

21:27

So, if you look at our last quarters announcements,

21:31

if you look at our press releases,

21:33

we announced a partnership with SAS,

21:35

which is the largest data analytics provider in the world.

21:39

They are the Gartner Magic Quadrant leader

21:41

for data analytics in the last eight years.

21:43

We have a very close partnership with IBM.

21:45

And with these, what we are working towards is

21:48

making sure that single store is providing value

21:52

to both the partners and our joint customers

21:55

through tight integration with data stacks, products,

21:58

and the ecosystems that cater to our customers' needs.

22:01

And from a marketing perspective,

22:03

the co-marketing, the experiential marketing

22:07

of engaging with CXOs is a critical aspect

22:10

of how we go to market as well.

22:12

So you will see us in many of the CXO marketing

22:16

and sponsorship activities, like we do golf sponsorships.

22:19

We are a part of large events and trade shows

22:22

where these customers and partners have a presence in.

22:26

And I do believe that the co-marketing

22:28

with these strategic partners,

22:30

this includes Amazon Web Services,

22:32

this includes IBM, this includes Dell, HP, as well as SAS,

22:36

is a critical component of our go-to market.

22:38

And marketing is very closely involved

22:40

in co-marketing with these partners as well.

22:42

- Any piece of advice on co-marketing,

22:45

we do it a bunch because we have a bunch of podcasts

22:47

that we do where you'll have a primary sponsor

22:50

and they'll bring in partners.

22:51

You know, it's such a tricky thing to like get right.

22:54

And when it is right, it feels so awesome.

22:55

But sometimes it relies obviously heavily

22:58

on having a good partner marketing org.

23:00

And those can be obvious, just like everything hit or miss.

23:03

So yeah, curious any piece of advice

23:05

on how to partner market and evaluate away.

23:07

- So I do believe that before we talk about marketing,

23:11

the most important thing is just like how I talked

23:14

about a marketing approach that adds value,

23:17

the best way to think about marketing with partners

23:20

is to think about how you're adding value to the partners

23:24

and the joint customers, right?

23:27

And that will prompt the right behavior in terms of working

23:30

with the right engineering folks,

23:32

the partner teams to build a solution

23:34

that solves for gaps in the partners products

23:38

and adds value to the end user and customer.

23:41

That actually makes it easier for the marketing organization

23:44

to then work with the marketing organization

23:46

of these partners as well,

23:48

because it is solving a problem that has been coming

23:51

in the way of their sales motion and sales cycle.

23:54

And I do think that is the first bridge to cross.

23:56

But once you do that, then making sure

23:58

that you have a close alignment

24:00

with the partner marketing organization of the partner team

24:03

becomes a critical component of how you go to market.

24:05

- I'm always surprised that more folks don't do this.

24:09

In my opinion, that one of the big,

24:11

where the rubber meets the road is just like

24:14

having both partner marketing orgs,

24:16

being able to align on that stuff.

24:19

But to me, it just ends up being like,

24:21

okay, we're gonna chuck X amount of dollars of partner marketing,

24:24

spin up a smaller team.

24:25

Now, they're not gonna be quite as resource.

24:27

We're not gonna expect as much.

24:28

And we don't really know how it's gonna drive ROI,

24:31

but hopefully it does.

24:32

Maybe it'll just be more a brand place.

24:34

And it seems like it's kind of a silly thing to do,

24:37

but I don't know if there's a better way to do it

24:40

other than that, because it seems like managing

24:43

all of those partners is such a massive job

24:45

from all the partner marketing folks

24:47

that I've worked with managing

24:48

the massive ecosystem of partners

24:50

is really more like a people management job

24:53

than it is a pure marketing kind of play.

24:55

- There are two approaches.

24:56

The first is choose fewer strategic partners.

25:00

If you are working with more than 10 partners,

25:02

you have too many partners in your hands.

25:04

And when I say strategic,

25:06

your product should truly add value

25:09

to the joint end customer

25:11

and fill a gap in the partner's needs.

25:14

Choose the few that you can dedicate your time

25:17

to go invest with and have the vision aligned.

25:21

For example, some of our most successful partners

25:24

are aligned on the vision

25:26

that the world is going real time.

25:28

And real time analytics is what most of the future apps

25:31

would be, because if they are aligned on it,

25:33

they are not just bidding on you for current revenue.

25:36

They are bidding on you for growing their business

25:39

in the future.

25:40

And you want to find the kind of partners

25:42

who believe in your vision,

25:44

who see where the puck is going

25:46

and want to partner with you today so they can grow with you.

25:49

And you can't have hundreds of partners in this cycle.

25:52

You have to focus on fewer bigger partners at scale.

25:55

So you can dedicate the time and energy with them.

25:57

And then over time, you're creating proof points

26:00

and value that other partners are going to look at and say,

26:03

I want to be a part of that story.

26:05

Seems like that is going very well

26:07

and it's helping create pipeline.

26:08

So create the energy and evidence that you need

26:11

for partners to want to be a part of your ecosystem.

26:15

If you're not an integration partner,

26:17

if you were a single store in Caspian,

26:19

we're like, hey, let's create a partnership

26:21

for a joint billboard campaign.

26:24

I don't know why we do that.

26:24

But in this case, we're both trying to reach developers.

26:27

And so we're going to create a billboard campaign together.

26:30

It's like, life is better with single store in Caspian.

26:32

And we're not monetarily integrated.

26:35

We're like, the money actually is someone biased.

26:37

Caspian, then it helps out single store advice versus.

26:40

If you're running more separate in that way,

26:43

is that something that people should be doing

26:45

and investing?

26:46

That's a broad question.

26:47

But how do you think about those type of roles?

26:50

So the way I think about it is what value

26:53

is the partner bringing to the table?

26:56

And what value you're bringing to the partner?

26:59

Be clear about those two aspects of things.

27:03

In the case of reseller and distributor partners,

27:07

more often than not, the value that bring to the table

27:09

is because they have sold other products to customers

27:12

over a period of time and have the relationships, accounts,

27:16

and connections.

27:17

And they know as a function of the footprint

27:19

that they have within those accounts,

27:20

what their needs are and who the people are.

27:23

For you, the value that you're bringing to a partner

27:26

is a piece of technology or innovation

27:28

that is going to help their customers be more successful.

27:32

And that in lies a partnership opportunity.

27:35

The ability for the partner to add more value

27:38

to their end customer.

27:39

And for you, the ability to take your product

27:42

and allow it to reach a larger audience

27:45

that you wouldn't have been able to do yourself

27:47

or it would have cost you much more to do yourself.

27:50

Simply because you have to generate the pipeline

27:52

and contacts and ads to reach those customers.

27:55

And now you have someone who has those contacts,

27:57

has the footprint and can allow you to reach.

28:00

So I do think that is the best approach

28:02

to even choose a partner by deciding what is the value

28:05

that each of you bring to the table

28:06

and how that one plus one is going to be equal to more than two.

28:09

So it's more than depth and simply like co-marketing

28:12

and doing something together like that.

28:14

- Exactly.

28:15

And the co-marketing becomes a lot easier

28:17

when you're aligned on that value addition as well.

28:20

Then you know what you want from each other

28:22

and you can decide how to best go to market with that value.

28:24

- What is something that you're not maybe investing

28:27

in the near-term future or something

28:29

that might be fading away a little bit?

28:30

- So one of the things that I've seen as actually

28:34

I don't know yet if that is adding value

28:38

is sponsorships in third party events and trade shows,

28:42

big conferences.

28:43

I think the pandemic has changed

28:46

who and how attend these conferences

28:49

and how we derive value out of it.

28:51

There is an awareness aspect of ads

28:54

and sponsorships of these big events.

28:57

But generally speaking, I struggle with seeing value

29:00

from sponsorships of events and trade shows

29:03

with some exceptions because we go after a developer audience,

29:06

we do see a lot of value in big events like AWS re-invent.

29:10

But we are increasingly seeing that we don't get

29:13

adsmixed traction from big data events as we used to.

29:18

Big data used to be big back in 2012, 2014 timeframe.

29:21

I think those are all fading.

29:23

So picking and choosing which events and trade shows

29:26

to be a part of is an important thing as well.

29:28

I wouldn't do a blanket sponsorship of a set of events

29:31

and trade shows that goes after our audience anymore.

29:33

I'd be very picky and choose carefully

29:36

about where to put my money in.

29:38

- Yeah, we've heard of a similar thing from folks

29:40

where they're like, hey, I'm gonna go really big

29:42

on obviously their own customer conference or whatever.

29:45

And then kind of, hey, we're not gonna do rest these.

29:48

I'm curious though, because you have

29:50

a strong developer relations team,

29:51

is that something where you send those folks

29:53

on the road to those type of events?

29:55

So that at least someone is there,

29:57

even if you don't have a sponsored presence

29:59

or is it just that it's too expensive for the ROI piece?

30:02

- So if you were to ask me this question a year back,

30:07

I would say I'm not sending anyone

30:08

and I wouldn't be paying a single penny

30:10

for these events in trade shows.

30:12

That's because we are just coming out of the pandemic.

30:15

All these events were either getting canceled

30:16

or not getting enough attention

30:18

and wasn't getting the foot traffic

30:21

that booths used to get.

30:22

It's changing a little bit this year.

30:24

I think there is no more willingness

30:25

to people to attend conferences and events.

30:28

And there is more traffic that we see in those,

30:30

but I completely agree with it.

30:32

It's focusing on your own events.

30:34

We recently did our own event revolutions 2022,

30:37

a supercharging real-time.

30:39

And we sponsor a few handful of big events,

30:42

either those that matter to our strategic partners

30:45

like IBM and SAS,

30:47

or those that matter to our developers,

30:50

like AWS re-invent.

30:52

And that is all we focus on.

30:54

And the day and age where we used to have

30:56

20, 30 event sponsorships,

30:58

I don't think it's coming back anytime soon.

31:00

I think the approach going forward

31:02

is going to be the one that you mentioned.

31:04

Your own user conferences combined with a few large conferences

31:09

where you want to get a higher sponsorship level

31:13

and get a lot of attention on.

31:15

- It's interesting though,

31:16

one of the things you didn't say there,

31:18

which is something that you already discussed earlier,

31:20

is you have a developer relations team

31:23

that is in those online communities,

31:25

like all day, every day.

31:27

But they're just not at events, right?

31:29

And I think that that to me,

31:31

is the thing that is the most important,

31:33

is if you can create original things yourselves

31:36

and then be in the community,

31:38

I don't wanna say 24/7, 'cause that's not realistic,

31:40

but be present in the community year-round,

31:43

that it's like dropping in at a few of the things

31:46

the utility there is that you get to actually meet

31:48

these people in person, in an event setting,

31:51

that's fun and educational and you can party

31:54

and do whatever it is that you want to do at an event.

31:56

Whereas you can be in these watering holes

31:59

for basically free or with investments

32:02

in your own content and all that sort of stuff,

32:04

where that sort of thing compounds.

32:06

That's to me where I think we get so obsessed

32:08

with quote unquote events, because of the sales thing

32:12

is like Chuck salespeople at it,

32:14

they get to have a bunch of conversations,

32:15

they get a bunch of leads, everybody feels good.

32:17

It's so much easier to be digitally aware all the time.

32:22

- You stole the words from my mouth.

32:23

That is exactly what our devial team focuses on today.

32:27

More digital outreach than anything else.

32:30

And we do have an SLA in our community,

32:32

the forums which you can also access from our website,

32:35

where we try to respond to any questions within a day,

32:38

within 24 hours, but our average has been three hours or less.

32:42

In some cases, the dev app grids are so passionate

32:45

about their work that they are actually there at 24/7,

32:48

whether we ask them to be there or not.

32:51

So, but that is exactly how it works.

32:53

How do you view your website?

32:55

- There are a couple of approaches that I take to my website.

32:57

The first thing is it has to help with the customer journey,

33:00

which is essentially is it if an audience

33:03

is coming into our website, do we offer them

33:06

the right learning materials?

33:08

Once they discover, come to our website,

33:10

do we offer them the right learning materials

33:12

to help them make a decision?

33:13

Do we give them the right path that they could choose

33:16

to go with?

33:17

Do they want to download a new book?

33:19

Do they want to go to trial?

33:20

Do they want to watch a webinar?

33:21

Do they want to download a white paper?

33:23

The reason we offer those is because different people

33:26

consume information differently.

33:28

There is no one website that would work

33:30

for every piece of audience.

33:32

We have to offer the different consumption choices.

33:34

And I personally learned this myself.

33:36

Me and my brother are completely different.

33:38

People, my brother is a voracious reader.

33:40

While I consume information more through visual media,

33:44

more through podcasts, more through webinars.

33:47

And I don't spend as much time reading a lot of content.

33:51

But I consume a lot of information,

33:52

maybe even more than he does.

33:54

But he approaches it very differently.

33:56

And that is exactly what each of us are.

33:58

We all consume information differently.

34:00

And the way I'm designing the website

34:02

is to offer the different consumption choices

34:05

that you prefer in your own terms

34:08

as you go through the journey.

34:10

So once you discover, then you learn,

34:12

and then trial, you've seen the trial experience

34:14

right on top of our page, giving them the opportunity

34:17

to try the product themselves

34:19

and the ability to buy the product.

34:21

What we also do is the last phase of the journey,

34:24

which is we want them to use the product.

34:27

And if they are happy with it,

34:28

become advocates of our product as well.

34:30

And so we do have forums in the website

34:32

and communities in the website,

34:33

not just for asking questions,

34:35

but the community helps each other as well.

34:38

That is how we've designed the website

34:39

for the entire customer journey from discover,

34:42

learn, try, buy and advocate.

34:43

And the second aspect of this is designing it

34:46

for the visual look and feel,

34:48

just the plessiveness of experience of it.

34:50

We have an in-house design team.

34:52

We want to make sure that the page doesn't have

34:55

so much content that it crowds the mind.

34:57

And we track where the users click

35:00

and how to make the design experience

35:02

so convenient for the user

35:04

that they have a pleasant experience

35:05

visiting the website as well.

35:07

Now, if you don't see a lot of content in certain pages,

35:09

it is by design as well.

35:10

And we also do constant testing to keep improving it.

35:14

And this is one of those things that requires

35:16

ongoing experience improvements.

35:17

It never comes to an end.

35:18

We test our website and web pages all the time

35:21

to see which creative works,

35:23

which message works, where are they clicking,

35:25

where should the button be?

35:26

The digital experience of it also matters in the website.

35:29

So it's both the content and the experience.

35:32

- Love it, great, great.

35:33

I couldn't agree more.

35:34

And I think that so much of the future

35:36

is gonna be geared towards having content

35:40

that is tailored to the way that people consume

35:43

rather than just what it is,

35:44

because I think that you're exactly right.

35:46

We all consume things slightly differently

35:48

and having more options there.

35:50

It allows you to target non-consumers

35:52

of the stuff that you've been creating.

35:54

Final segment here, let's get to our quick hits.

35:56

These are quick questions and quick answers.

35:58

Just like how quickly qualified helps companies

36:01

generate pipeline faster,

36:02

tapping your greatest asset, your website

36:04

to identify your most valuable visitors

36:06

and instantly start sales conversation.

36:08

It's quick and easy just like these questions.

36:10

Go to qualified.com to learn more,

36:11

Suresh, quick hits, are you ready?

36:14

- I'm ready.

36:15

- Do you have a hidden talent or skill

36:16

that's not on your resume?

36:18

- Tennis.

36:19

I do play tennis, it's not on my resume.

36:21

- Do you have a favorite book, podcast or TV show

36:24

that you've been checking out recently?

36:25

- My favorite book, which I also gifted my team recently,

36:30

is a book called Influence by Robert Cialbaldi.

36:33

And I think it's important for every market

36:35

I've ever read it to.

36:36

- Do you have a favorite non-marketing hobby

36:38

that maybe sort of indirectly makes you a better marketer?

36:41

- Yes, I've just taken to learning gold

36:44

and I do think the networking aspect of it

36:48

combined with learning from other people

36:50

is helping me be a better marketer.

36:52

- I love it, you're in the Bay Area,

36:53

we'll go golfing together sometime.

36:55

- Of course.

36:56

- I'm pretty bad, so.

36:58

- That would totally work for me,

37:00

I've been good company then.

37:01

- Perfect, if you weren't in marketing

37:04

or business at all, what do you think you'd be doing?

37:05

- I think I would be a product manager,

37:07

that's where I started my career in

37:09

and I gravitated towards marketing.

37:12

- What is your best piece of advice

37:13

for a first time CMO?

37:15

You've been doing this a couple times

37:17

and this whole CMO thing,

37:18

so what's your best advice for a first-timer?

37:21

- Hire the best marketing operations person

37:24

that you can find because you need a way

37:28

for data to show value of the marketing activities

37:31

that you're doing and it's important

37:34

that you be data driven in your approach to marketing.

37:37

- I love it, it's fresh, this has been awesome.

37:40

- Thank you, you made me think.

37:42

- That's awesome, I'd love to hear that.

37:43

For listeners go check out singlestore.com,

37:45

go through their stuff,

37:46

some really cool information content,

37:48

especially their developer stuff,

37:49

of course is great, singlestore.com.

37:52

Search any final thoughts, anything to plug?

37:54

- Yeah, one of the things that I want to plug in

37:56

is most of the listeners of the Spark cards

37:59

are either marketing leaders

38:00

or those interested in dimension and marketing.

38:03

Be aware that most of the Martik stack that you're using

38:07

have real-time needs and they are built on singlestore.

38:11

- So make sure when you buy new Martik stack,

38:14

ask for whether the product was built on singlestore

38:16

because in that case you can make sure

38:17

that you're getting your data real-time and not a day late.

38:20

- I love it, singlestore inside.

38:22

Make sure that it's on the box, the proverbial box.

38:26

It's fresh, thanks again, we really appreciate it

38:29

and we'll talk soon.

38:30

- Talk soon, thank you again.

38:32

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38:34

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38:37

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38:40

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