Ed McDonnell, CRO at Asana, helps us understand why pipeline generation is a team sport.
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[MUSIC]
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Welcome to Pipeline Visionaries.
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I'm Ian Phason, CEO of Caspian Studios,
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and I am joined by special guest,
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very special guest, and how are you?
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I'm Craig Ian, how are you?
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Excited to have you on the show.
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We've done podcasts and shows and series past,
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or bringing it for the first time to
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Pipeline Visionaries, super excited to dig into it.
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You have a new role?
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Tell us a little bit about your new role to some.
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Yeah, hey, thanks. It's so good to be here.
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We have done this a couple of times,
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and every time I get a chance to
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collaborate and spend time with you,
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it makes my day, so thanks for having me.
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I just joined Asana,
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which is just a wonderful company,
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in the collaborative work management space,
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as their global head of revenue in August,
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after a wonderful 10 and a half year
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career in time at Salesforce.
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So it's new beginnings here in 2023 for me,
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and I'm really excited about it.
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Obviously, we're biased because we're Asana customers,
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and so we use Asana to make this show,
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we use Asana to make 65 PDB podcasts,
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so we're biased, but it's such a cool company,
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it's such a cool product,
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and it's really exciting that you're in charge of revenue.
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I'm curious just like coming into the job,
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what, how has it been in early days?
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It has been, oh my God, it's been a blast.
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That's the best way to frame it.
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It's one of those opportunities where you just said it.
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Like every person I talk to when I said,
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"Hey, what are you doing, Ed?
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"I'm gonna go, I'm going to Asana."
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The first thing I hear at a people is we love Asana.
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Whether people talk about it for personal use
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or professional use, I get a lot of love for the brand
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and a lot of love for the company,
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and that was, that's been so much fun
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to just be a part of that type of community.
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I'm learning a lot, and I'm in a build mode,
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and so like that to me is just so much fun and such a blast.
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I'm meeting amazing people, both At Asana
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as well as with our customers and some of our partners,
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and I'm getting to stretch and do different things again,
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which from a career perspective,
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it's been very fulfilling.
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All right, let's get into our first thing,
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that the Trust Tree is where we go and feel honest
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and trusted and you share those deepest, darkest,
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revenue secrets.
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We know a little bit about Asana,
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but who are your customers?
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Who are the folks that you're focused on selling to?
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Yeah, our customers, it's interesting when you look at it,
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are 46% of the global fortune 2000 or Asana customers.
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So our customers range from all different types of companies,
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whether it's the London Stock Exchange,
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whether it's some of the large professional services
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organizations, whether it's companies in healthcare,
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like are our customers stretch all different types
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of lands and industries and they range from very small businesses
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all the way up to the large enterprises.
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That's what makes it interesting and exciting, Ian,
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is this next phase of automation,
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if you kind of look at the stretch of automation
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that happened, whether starting with sales of automation,
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then service automation, then marketing automation,
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like work automation is here.
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And Asana tackles that problem
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and tackles that problem at scale.
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Our customers are people like you just said,
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you run your pod using Asana.
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Just think about how you framed it that way.
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I didn't ask you to frame it the way that's the way you framed it.
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When I talked to customers, they'll tell us,
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we run our campaign on Asana when I talk to marketers.
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Like we run our campaign engine,
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we run our creative process.
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When I talk to CFOs, we run our SEC filings process.
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When I talk to CHROs, we run our employee onboarding
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and talent acquisition on Asana.
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Like that's how customers spring it to me,
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is that they're running these massive processes
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using Asana as the tool that helps them do it
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with productivity, with efficacy and with efficiencies.
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And I think that's really cool the way customers both
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describe their love for Asana,
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but also talk about what they use it for.
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Yeah, and obviously with those different types of roles,
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obviously, so many different people
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within the company can buy it, so many people can buy it.
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They can swipe their credit card and buy it,
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or you could go into more of an enterprise sale
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and get it for the entire organization.
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I forget the step, but basically there's so many different teams
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that have Asana in one place and not others,
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so it's a really unique sort of challenge
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to look at from a CRO, I'm sure.
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How do you think about structuring your team
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to get into those buying committees
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when they're so different?
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Yeah, so it's interesting how you just frame that, right?
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Everybody can use Asana therefore,
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how do we think about running a GoToMarket organization
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when you can solve lots of problems for lots of people?
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And I think about that from a focus perspective.
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How do you create focus for your account executives,
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for your company?
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We spend a lot of time on our ideal customer profile
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and our ideal customer persona.
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And when I think about, we just talked a little bit,
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CMOs, marketers, how do they drive their creative
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to campaign to execution process?
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A CHRO, how do you do onboarding
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and talent acquisition and talent lifecycle at scale?
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If you're a CFO, how do you think about driving
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all of your regulatory compliance
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and reporting processes using a tool like Asana?
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And I bring that back to how do you structure?
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You have to be really good at partnering
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with your product marketing teams
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and with your product teams on developing that ICP,
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getting very, very focused on that ICP.
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And that's how we're thinking about it, Asana,
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is how do we really get very focused around our ICP
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and when it's not just the hearts and minds,
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when the use case and show the productivity
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that you can gain from the use case?
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Where Asana's a little bit different
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and what makes it so exciting is
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we can then connect it horizontally.
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So we are one of the only technologies
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that can then bring that all together
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and show you how work is happening
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across an organization.
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And how is your resource allocation?
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Do you have enough resources to deliver on the projects
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that are on tap for completion over the course
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of the next 30, 60, 90 days?
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How do you then bring it to life
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that actually shows you how your human capital
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is being utilized and whether or not
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it is driving the right productivity across the enterprise?
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That to me is like, yes, you can win the CMO
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and the CHR and the CFO,
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but now you can also help solve a CIO's problem
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by understanding how you're resourcing,
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how your human capital and how you were delivering
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against what is important to the company.
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Yeah, I think that you're sort of in that space where,
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and I think that there's been a lot of tools like this
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with like shadow IT type tools where it's like people,
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a business unit just likes it, they go buy it,
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you know, this is what they prefer.
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Hey, I use my last company sort of thing,
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which is all well and good.
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But with Asana, you have this opportunity to say,
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hey, but if there's other parts of the organization
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that also start using this,
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we can look at you like holistically as a business,
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like sit down with your COO,
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look at, you know, operationally,
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how things are being done.
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So by having it in the more departments,
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it actually increases the use case and increases
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like the quality of the data,
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the quality of the information for the enterprise.
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There's like other enterprise or technologies
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where it's like, it doesn't get exponentially better
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the more people use the software, right?
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Like it's not just like, you know, like another software
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where it's like, hey, there's more people on it.
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Like, yeah, that's cool,
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but it doesn't give you more data
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and transparency in the entire business,
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whereas this shows you how the entire org is working,
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which is obviously crazy valuable.
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Yeah, and when I go back to that thesis of,
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work is the next stage of automation.
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When you just think about processes
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that have gotten automated across enterprises,
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there's not a lot of,
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there's not a lot of software categories
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that can connect a CEO's vision and objective
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to the company down to the human capital resource planning
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that has to happen at the CIO level,
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plus solve really important problems
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for each of the CBOs direct reports.
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I think that's like, oh my God, what a great problem
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to be at the forefront of.
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And as long as one of several companies
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that get to do it and get to do it at scale,
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and it's one of the reasons why I love the category
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because I really do believe CEOs, they're direct reports,
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and then CIOs are trying to connect
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our company objective is this.
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We want to grow a flyer, retain, be more sustainable,
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whatever those big objectives are,
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and they want their employees,
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they want their human capital to say,
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I feel connected to that objective.
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I feel like my work matters.
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I feel like I have a voice.
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I feel like I can be productive and successful here.
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And then you have a CIOs office that can look at it
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and say, we are driving productivity at scale
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with our human capital and with our employees
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because I can see the work happening
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and I could see how it is flowing through the enterprise.
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Wow, that's big.
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When you came in and you were looking at doing that ICP,
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doing their persona analysis, looking at all that stuff,
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seeing how different these are,
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thinking about how do I budget for this?
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You're like, well, if I'm budgeting to a CFO,
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and to a CMO, and to a CIO, and to all these people
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where all these different people live in all different places,
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they consume all different information.
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It's a very different sales cycle
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for all of these different people.
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How did you think about strategically
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going after those personas from a revenue standpoint?
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Yeah, I still think we're early days.
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If you look at Asana and even others that are in our space,
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I think we've all done a really good job
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of acquiring users and acquiring companies
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to do differentiated projects, work, cash work,
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portfolio work.
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Now, we're all at this really interesting
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inflection point of, well, how do you scale?
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And that's where I'm trying to spend some time,
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especially in my first hundred days, Ian,
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is what does scale look like?
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And how do you put that type of focus
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in terms of scaling a company that has been wildly successful
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up until this point?
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But is that an inflection point to now,
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to now continue that growth path
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from what is traditionally product led efforts
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to much more B2B enterprise software motions?
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And that's a really interesting as an thrall.
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Yeah, I wanna dig into that a bunch,
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like, you know, coming in, obviously this is your background,
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you spent a lot of time at Salesforce
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doing a very B2B enterprise play,
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but using that playbook, obviously,
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you're gonna come in with a lot of that expertise with that.
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As you remit here, how do you look at an organization
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that has a bunch of that really strong PLG motion,
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that obviously you want that stuff to keep happening
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and build out that enterprise muscle?
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There's a bunch of organizations
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that are looking at doing this now,
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and I think it's like, it's very, very tightly
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to be chatting about it.
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Yeah, the first thing, what I've tried to do
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at the beginning here, Ian, is celebrate it and recognize it.
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It's hard to build a self-service motion as mature
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and as evolved as Asana and what Asana has done.
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You have to celebrate it
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because it is absolutely part of our growth story
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as we continue in our journey.
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It's now connecting it to business outcomes
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and how do you connect that to the business outcomes
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of a CMO?
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How do you connect it to the business outcomes of a CFO?
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How do you help a CEO realize corporate objectives
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down to each and every one of their employees
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through the work that they're doing?
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And that to me is a really fun problem to solve
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and one that is very solvable.
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So the product-led motions that we have here at Asana
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are really successful.
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And not many companies have been able to grow at the scale
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that Asana has in a B2B software and lens
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with that type of motion.
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Now it's connecting that through the inflection point
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and really going into some of our customers here
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and letting our customers know that we're here for them
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and that we have a relentless pursuit
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for their success as well.
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And how do we bring that together
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where they see, like you just said,
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we run our pothole of it.
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I'll keep coming back to that since you opened with it.
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It's how do we help Asana look at it and say,
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how do we not just run one
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but how we run all of our podcasts?
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How does that motion, how do we create productivity
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for all the stakeholders?
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How do we connect the work that's happening
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so that we can do it better as we go forward?
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The other thing I think I really love about this
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and I've seen this at scale over my career,
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change management's hard.
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Asana represents a way to change management
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with technology as an enabler.
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And that's unique 'cause if you change the way
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that you wanna deliver a podcast,
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you can add that into the project.
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And now you're not gathering five all-hands calls
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with all the stakeholders saying,
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here's how we're gonna do it now.
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It's driven through the technology itself
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as an enabling lift and that to me is really unique.
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When you could do change management at scale
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with technology as an enabler,
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that is something that I think is really impressive
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from an automation perspective.
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So back to your question to some product lead
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versus that evolution.
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I think this is where you start to see that evolution
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is when you unlock use cases
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and unlock business outcomes for enterprises
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that might be using your technology
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for a certain, for something,
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but how do you show them how to drive business outcomes
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from it is the real opportunity?
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All right, let's get to our next segment, the playbook.
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It's where you open up the playbook
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and talk about those tactics that help you win.
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How do you spend your money?
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What are your three channels of tactics
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that are your uncuttable budget items at?
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(laughs)
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Well, we're big in paid media, product lead.
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So paid media is a channel
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that we have to continue to invest in.
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We are looking into other ways to connect with customers.
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And so I would be very,
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it would be hard for me to cut a vent
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and that type of spend
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that we can connect with customers around.
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And then something I'm learning as a CRO,
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Ian is enabling technologies
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to help your AEs be successful, right?
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Yeah, so the Revenue Technology Stack,
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which is something, when you work at Salesforce,
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it's real easy, everything's in Salesforce.
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And that's a true statement, right?
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And by the way, it's what makes them
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such a wonderful company at how they drive the success.
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Not everybody has that luxury
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and you have to find other ways to drive productivity
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and drive success of your field organization.
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And so that would be another place
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that I'm spending time investing with.
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Paid media and event spender too,
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that I am very religious about right now.
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Well, and I think it speaks to like relationships mattering
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and like not to say that in a PLG motion,
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they don't matter.
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Of course they matter.
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Of course customer success or customer stories matter
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and all those things matter.
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But it matters in a very different way.
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And I don't know, it's very different from that
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versus like the executive briefing center
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and this massive play where you're like,
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"Hey, you have 15 different teams
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at your company that use Asana."
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Like we need to figure out a way to have a company
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have a conversation that we can drive more value
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if those other seven teams are on there
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and that sort of thing.
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It's such a unique position there to have that stuff
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or our entire marketing work runs on Asana.
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Like, why doesn't everyone else?
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And like that's just the type of A.E. that you have to have
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to have those conversations,
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the type of like leadership,
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I'm sure has to be very different who's in those calls
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whereas not having with a PLG motion
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like or even having some enterprise accounts
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but not as many as you want to have here in two years
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that developing those muscles I'd imagine
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is something that obviously you know so well
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from your background but how you invest your marketing dollars,
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how you invest into those relationships
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is very, very senior level and very executive level
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and just very different from probably the way
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that money was invested for the previous decade.
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- Yeah, so you mentioned two things in that
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that I have a lot of passion about.
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How do you take the success of your customer
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and the success of your account executive
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and those are the two most important relationships
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you can have as an organization.
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So, you know, everything customer out
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so how do we help a customer find their success
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with our technology, with our organization
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and with the way that we help them adopt and drive value
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and how do you help your selling organization
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in your account executive organization
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be a trusted partner to those customers
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and focus on the success of your own executive.
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And if those are the two most important entities
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and relationships that we can build off of
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you drive a lot of success.
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By the way, that's where Salesforce
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was incredibly successful.
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I mean, everything is about the customer
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everything is about their field organization.
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- But about something that you don't want to be investing in
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or something that you don't want to spend money
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or time investing in over the course the next year.
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- Ooh, that's a harder question.
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Nothing's credible yet.
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- Yeah, I don't know if nothing's credible.
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I do believe that we, you know,
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every organization has to think through
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what are the metrics that are important to them.
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And if you look at us, it is about our entry
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into the enterprise.
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And so we want to make sure that we are investing
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in ways that we are advancing our ability
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to win the enterprise at scale,
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win enterprise customers and be a customer first organization.
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And there will absolutely be some things that fall off.
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There will be redirection of spend.
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There will be, I don't know if it's about spending less
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or differently spending what you have
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inside your budget allocation.
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And so I don't know that I'm smart enough,
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a hundred days in as to what we will turn off.
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But I do know that we want to make sure that we're investing
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in ways that we help our field organization be successful
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while still acquiring users and customers at the same rate
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we've been acquiring them through our product-led efforts.
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And those will converge at some point
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and you'll have to make different trade off the same.
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- Yeah, it's interesting to think about
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what are those levers and is interesting you started with
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at the beginning of the conversation with looking at our SCP,
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looking at our personas.
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And I think that that's the thing that people,
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we just had to do a fantastic episode
19:58
talking just about that,
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just about working on ICP and operationalizing that
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and how important that is and how important it is
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to get every single seller on the same page,
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to get every single marketer on the same page
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around your ICP, around the personas you're going after,
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what's the order that we're going after them,
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who's the most important ones?
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Like where do we need to win,
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where do we, you'll win and expand and all that stuff.
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And I know you're in the throes of all
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that sort of planning right now,
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but it's so, that's I think that the key there
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is to start with those.
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Otherwise, you are gonna just do random acts
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of marketing, random acts of sales,
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just chucking money at different things
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that might not be layering up to that key persona
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that you need to win.
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I just, I've read a, BVC had a really interesting article
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out a couple of weeks ago about sure
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and how to reduce churn.
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And the entire article was about getting your ICP right.
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- Yeah, right.
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- Well, acquire the right customer
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and you help that customer adopt
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and help drive a business outcome for your customer.
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The likelihood of churn goes into single digits.
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- Yeah.
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- Right?
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And so the work on ICP, like when you talk about
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where do I, where would I prefer investing money?
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It's investing in getting the ICP right,
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in really defining it, in helping our AEs understand it,
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helping our customers understand it,
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helping our marketing teams really develop around it.
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Like when I talk to Shannon, our CMO,
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we spend a lot of time on ICP
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and what does ICP mean and how do we get just really,
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really good at it?
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If you get your ICP right, everything flows.
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Your customers are more successful.
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So to me getting ICP right is all about customer success.
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- Right.
21:52
Yeah, one of the things that I always talk about
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in marketing is sort of like fight where you can win.
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Like what are the things that only you can do
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that none of your competitors can do?
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And whether that's from a marketing standpoint
22:03
or from a product standpoint.
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And one of the things that you all have,
22:06
which is so cool is you have
22:08
all this data of how people are working in their organizations.
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And like arming your sellers with that information.
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Like did you know I can teach you something
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about your business?
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Or did you know CFO that I can teach you something
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about your marketing organization?
22:23
Like that stuff is so valuable to be able to,
22:28
or teach your CMO about their organization
22:30
so they can tell their CFO like,
22:32
"Hey, by the way, this is how I can save 6%
22:36
"and actually add 4% more pipeline."
22:40
Or some, you know, whatever that thing is,
22:42
that stuff is such an advantageous position to be in.
22:46
- We have something called the Work Innovation Lab.
22:48
It's led by a Stanford professor, Rebecca Heinz.
22:53
She's incredible.
22:57
And she's developed a way where we can
22:59
visually show you how work is happening
23:01
and connecting at your integrars.
23:03
Through like the way the dots move
23:05
and the way you can see the clusters
23:07
and who's working well versus who's not working well,
23:10
all through a graphical rendering, which is really, really cool.
23:15
We were sitting with a top
23:18
professional services organization.
23:20
And we showed them and they're like,
23:21
"Can you show us this regionally?"
23:23
And so we went to the next slide.
23:25
It's like, here's how the United States
23:27
versus Germany versus the UK is clustering.
23:31
And they pointed out, they're like,
23:32
"Well, how do we help this one region
23:35
"and the region was Germany?"
23:36
They're like, "How do we help Germany
23:37
"get more connected with their work
23:39
"than what we're seeing in the United States right now?
23:42
"What are those levers that we can go and pull
23:44
"and how can we work with your team to drive work differently
23:49
"in this region versus the United States?"
23:51
And I was like, "Wow, like all through a graphical representation
23:54
"based on what you do sit like,
23:55
"our Work Innovation Lab is doing some really incredible things
23:58
"on helping companies understand how work is manifesting
24:01
"inside of their enterprises."
24:05
How are you thinking about customer stories?
24:09
Obviously that being a huge part of sales sources,
24:12
go to market is getting those trailblazer stories out
24:16
in front of everyone.
24:17
And with the enterprise, it's so important
24:21
to get those stories out.
24:22
What are you thinking about it?
24:24
- I think we have to do more of it.
24:27
It's like, that's another area of investment is
24:31
how do we tell the stories of our story
24:33
through the lens of our customer?
24:35
And it's what Salesforce and some other companies
24:39
just do so brilliantly and so well is.
24:42
They tell their story through the eyes
24:43
and the lens of a customer.
24:45
We were just able to do that.
24:46
We had two customer events, one in New York
24:49
and one in London.
24:50
We showcased IPG as a media brands as a great customer story.
24:55
There's a great video out there telling the story of IPG.
25:00
We need to do more of that.
25:01
And we need our customers to tell our stories.
25:03
We need to show how work is both being automated
25:07
but how work is flowing.
25:09
And when you think about AI,
25:10
how we're given AI a seat at the table
25:13
with human capital not independent of it.
25:17
- Yeah, you know, what we say here at Caspian.
25:21
And we've done a customer story with Asana.
25:24
So we can maybe like it up in the show.
25:26
But we say like if it doesn't happen,
25:27
Asana doesn't happen, right?
25:29
Harkening back to the old Salesforce thing
25:33
that everyone would say,
25:34
you know, like if you don't put it in Salesforce,
25:36
didn't happen sort of thing.
25:37
And the reason why I started doing that
25:39
or why I started sort of instilling that with our team
25:42
is because from a marketing perspective or, you know,
25:47
I mean like either Caspian's marketing that we do
25:50
or the marketing that we do on behalf of our customers
25:52
through building podcasts was because so many things
25:57
in creative work like have a task and they have a subtask
26:02
and they have all those things.
26:03
So we built this like beautiful template
26:05
that we use, we have a show launch template
26:07
and we have, you know, episode templates and all that stuff.
26:10
And when you can tweak those things
26:12
and like get it to, you know, an 80 to 90% solution
26:15
and you can, you know, drag and drop a new producer
26:17
or whatever and look at this, like this thing.
26:19
And then you can tweak it for certain use cases.
26:23
And then you can say, well, this show is actually
26:25
like a narrative show.
26:26
So it needs to have this type of template and that stuff.
26:29
If you're not putting the data in,
26:30
you're not going to be able to get the data out,
26:32
but you could go back and look, you're like, hey, you know,
26:35
you're supposed to do this.
26:36
But then there are all these added tasks every time
26:38
we do this and it's like, oh, maybe we need to make
26:40
a template for that.
26:41
And just like how, you know, how work is flowing
26:44
in your organization to your point.
26:45
But if you don't sort of have that underlying
26:50
sort of mantra and the understanding that you can,
26:57
you know, operationalize those things
26:58
and you can, you can figure it out for your next campaign
27:01
or whatever.
27:02
When I interviewed back the day,
27:03
told Tim of, of Asana, it's like 115 point,
27:07
Asana project that for launching a campaign.
27:11
It's like, here it is.
27:12
I'm like, dang, you got to give me that, you know?
27:13
And like, that's the stuff that I love.
27:15
Like that's the stuff where it's so actionable
27:18
and getting those stories out and like how people use it.
27:22
Because that's what we're all looking for.
27:23
We're all looking at our peers.
27:24
How do we do this?
27:25
That's why we make this show.
27:26
Like how are our peers doing this stuff?
27:28
So take that again, so that this is how you launch a show
27:31
and just take that for any creative or attend process.
27:34
There is a template for every content process
27:37
that exists across many enterprise.
27:39
Now, if you want to add something or subtract something,
27:42
again, I go back to the change manager
27:43
that can happen through enable technologies, right?
27:47
If you want to add, you want to take that cluster
27:49
or five or six asks that you see happening and say,
27:52
this probably should just be two.
27:54
Let's take this cluster, create two new tasks,
27:56
put them into the project.
27:57
And now disperse that to everybody that's running the show.
28:01
You just created change and change
28:02
management through technology.
28:04
Again, versus putting people on a phone saying,
28:07
we're going to change this and here's how we're going to change this.
28:09
It's all enabled through the stakeholders.
28:11
And I think about like a London Stock Exchange
28:13
that's thinking about research and how they run research
28:16
and their research through Asana
28:19
and how that's all templated going out into their community.
28:24
Or again, I think about IPG and how they run
28:27
all of their media in all of their different brands,
28:30
leveraging Asana in the creative and content process.
28:32
Like all of those are great stories to go talent to be a part of.
28:37
We have a major sporting association
28:42
that leverages Asana across both their,
28:47
the association itself, but then in some of the member clubs as well.
28:51
And they just built a technology where,
28:54
and this is the coolest stuff ever, by the way.
28:56
So they've created a way when you walk into a stadium,
29:00
your face is the ticket.
29:02
Oh, that's amazing.
29:03
Incredible.
29:04
And they tested it at one of their clubs.
29:06
The entire process was run on Asana.
29:08
Just the development of the tech, the rollout of the tech,
29:13
the testing of the tech was all done through Asana,
29:16
connecting both the association, the technology organization
29:20
and the participating club
29:22
in making sure that that was a successful launch.
29:26
Let's talk pipeline here.
29:27
Obviously it's pipeline visionaries.
29:29
I know you're 100 days in,
29:30
so you can't give us all the secrets there,
29:32
but you've built many, many pipelines
29:35
worth lots of de Narrow previously in your career.
29:38
Can you give us some secrets that you got?
29:40
Some things that other revenue leaders can do
29:44
to more holistically look at their pipeline
29:47
to drive some results here
29:49
in a pretty challenging technology environment right now.
29:54
Yeah, I spent a lot of time as do all of my peers
29:59
that do this function on pipeline.
30:01
Ian, I can say where I think that it gets done well
30:06
as when it's a partnership across all your stakeholders.
30:10
You have to have an ecosystem internally
30:13
at your organization that treats it almost as a council.
30:17
Like it's a stakeholder council meeting.
30:20
You have marketing, so demand generation,
30:23
it has a seat at that table.
30:25
PMM has a seat at that table for content
30:27
in how we think about content inside of all the channels.
30:30
Sales programs, how are we enabling our account executives
30:35
to be successful?
30:36
Sales development, whether that be inbound or outbound,
30:39
how do we think about the pipe mechanics?
30:41
And then strategy, pipeline to me is a team sport.
30:45
It is not one person, it is not one function.
30:49
It is such a, it has to be the highest performing team
30:54
in your organization at cross-functional scale.
31:00
There's nobody works for each other.
31:01
Everybody's in their own worlds,
31:03
but they have to come together as a team
31:06
and solve a problem that every B2B
31:09
enterprise software company faces,
31:11
which is do we have enough pipeline
31:13
to go into the market to be successful?
31:17
And so I think the tricks are,
31:20
one, measure the right things.
31:23
So what are your demand generation funnel mechanics
31:27
and metrics?
31:28
Okay, great.
31:29
Which content is performing not performing?
31:32
Okay, how much of your pipeline
31:34
is generated through sales development versus marketing
31:37
versus the AE themselves?
31:39
And what do you want those to be?
31:41
'Cause every organization's a little bit different
31:43
as to how much they want each of those stakeholders
31:45
to develop into their pipeline.
31:48
If you're not producing at the right scale
31:51
or the right coverage model, why?
31:54
Like interrogating the why is equally as important
31:56
as getting all hopped up as to why not.
31:59
In too many companies and too many people I have found
32:01
spend time on why isn't something happening?
32:04
Like versus going in and saying, okay, it's not happening.
32:08
What can we do differently to actually produce
32:10
a different result?
32:11
'Cause you get caught up on poking on sales leaders
32:14
and saying, hey, you're not hitting your pipeline metrics.
32:16
Like why?
32:18
Well, what's wrong?
32:19
And that friction well, good and has to app in,
32:23
you also have to be really open to interrogating,
32:26
is there something about our messaging?
32:28
Is there something about our content?
32:29
Is there something about the way,
32:30
the tools that we're using?
32:32
Whether it's you could be using tools like an outreach
32:36
or a LinkedIn sales and an avigator or a gong,
32:39
like there's so many different tools available
32:41
to help pipeline or qualified, right?
32:44
What are the tools that you're using
32:46
to go and drive pipeline through all of your different
32:49
channels that are available?
32:52
So to me, the interrogation of it in a healthy way
32:55
with everybody having a seat at the table
32:57
and being a team sport is the way that I have found
33:01
to be very successful running pipe council.
33:04
How do you, I love that you call it the pipe council.
33:07
That's great.
33:07
How do you think about attribution?
33:09
I know this is something that every single marketer hears
33:12
and they cringe at, not that attribution is cringy,
33:15
but just how it's done to every organization
33:18
and how do you think about it?
33:19
- Oh, I think we should have attribution, right?
33:24
I go back to attribution for attribution's sake
33:28
isn't very helpful.
33:29
Attribution for measuring what's working versus what's not
33:34
and having a mechanism for interrogating that
33:38
and saying, okay, it's working.
33:39
What can we do more of?
33:41
It's not working.
33:42
Where is the problem and how do we unlock the problem?
33:46
That to me is what attribution is.
33:47
If attribution is simply used for a quote unquote ROI
33:51
on marketing, it's while important,
33:54
the most important thing is to figure out,
33:56
do I unlock more budget to make something go faster?
33:59
Or do I have a problem that I have to go and figure out
34:01
how to unstick it?
34:02
That's where attribution comes in
34:04
is much more interesting to me than ROI.
34:07
Not to suggest ROI isn't.
34:09
But no, I know exactly what you mean.
34:12
I mean, it's one of the things that I think like,
34:15
we've talked a little bit on the show about in episodes past,
34:20
but you have people who are very draconian
34:23
in the way that they think about their attribution model
34:26
and they're like, well, we're only doing first touch
34:29
or whatever.
34:30
And maybe that works for their business,
34:32
but then you start to look at other types of metrics.
34:36
Well, for example, it's like, hey, we've had, you know,
34:39
thousand people download our e-book,
34:41
but those aren't turning into deals.
34:43
And it's like, yeah, but a thousand people
34:46
are engaging with your stuff and like, perhaps there's other
34:49
things that we could be doing with that population of people,
34:53
or maybe they're the wrong population of people.
34:54
But like, there's something that's valuable in that of itself,
34:59
even if it's not, hey, this is an 10X ROI initiative,
35:02
but like we're driving like engagement in this stuff.
35:05
So things like that that I think if you're like,
35:08
well, it's only a first touch model.
35:10
And those aren't driving, you know, it's been three months
35:12
and we haven't seen the ROI, like that's where I think,
35:15
like you said, it's just attribution for attribution sake.
35:18
Yeah, and in most B2B and our price software companies
35:21
need to get to multi-touch.
35:22
Like that, you just, you have to have
35:25
a multi-touch attribution model so that you understand
35:27
how your content is flowing and how the engagement
35:30
across the funnel is happening.
35:32
But to me, that is, to me, that's a what's working,
35:36
what's not and how do you invest
35:37
versus how do you go back.
35:39
Like that's where that conversation comes in
35:41
and has much more scale and productivity
35:45
than just are we spending money in the right place?
35:47
Any other pieces of advice for marketing leaders listening,
35:51
you know, hey, a new CRO just came in,
35:53
how to partner, what are they looking for,
35:55
how to work with them successfully?
35:58
Very quickly educate.
36:00
Like help us understand where we currently are.
36:05
So like what's working with customers, what's not?
36:09
Help us quickly understand how the funnel
36:11
has been performing unbiased.
36:14
Like we're coming in so fresh eyes and so open-minded.
36:17
Like feed into that, feed into things
36:19
that have been on your mind, tell us.
36:22
'Cause we may just have a different opinion
36:25
or we may have a different insight
36:27
that we can bring to the table to collaborate on
36:30
that helps you as a marketer get to where
36:32
you wanna go faster as well.
36:34
It's the best advice I can give.
36:36
It's just leverage our eagerness
36:38
to be successful as quickly as possible.
36:41
And that relationship between us and you is so critical,
36:45
especially in the first 100 to 20 days
36:48
to just get off and running as fast as we can together.
36:52
You, one thing that just kind of struck me
36:53
in our conversation here as you were talking
36:56
about the importance of ICP and personas and all that
36:58
is just giving that breakdown persona by persona.
37:02
How are we perceived?
37:03
How are we looking?
37:05
What's level of market penetration?
37:07
Jennifer Johnson back in the day,
37:08
she on I think it was on this one, said
37:11
where she talks about how the CMO is the chief market officer.
37:15
And if you can bring insights from the market
37:18
to the CRO and like this is how the market is broadly behaving.
37:22
This is how we fit within that
37:24
and they're to the opportunities.
37:25
I just love that phrasing.
37:27
And it's everything from here's how the analysts perceive us
37:30
gives our customers perceive us.
37:32
Here's how you're selling organization perceives.
37:35
Like those are all the stakeholders.
37:36
Here's what we're hearing.
37:37
Here's what we've seen in bringing those insights early days
37:41
to somebody that starts and ahead of revenue role like I did.
37:46
Insights are what we're looking for the most in the first sprint
37:51
in helping to develop our point of view on where to spend time.
37:55
There's so many different places I could spend my time.
37:57
What is going to have the largest impact
38:01
in the shortest timeframe?
38:02
And that's where I think the relationship with marketing
38:06
comes in very quickly.
38:07
All right, let's get to our final site with Quick Hits.
38:09
These are quick questions and quick answers.
38:11
Just like how quickly,
38:13
Qualify.com helps companies generate pipeline
38:16
to tap into your greatest asset,
38:18
your website to identify your most valuable visitors
38:20
and instantly start sales conversations.
38:23
Quick and easy, just like these questions Ed,
38:25
go to Qualify.com to learn more.
38:29
Ed, are you ready for Quick Hits?
38:31
I can't wait.
38:32
It's my favorite time with you, Ian.
38:34
Number one, what's a hidden talent or skill
38:38
that's not on your resume?
38:39
Oh, I would say maybe my relatability.
38:44
I'm the son of a nurse and a police officer
38:48
from the 80s and 90s.
38:50
And I just, I can relate to a lot of different experiences
38:53
and a lot of different people out there.
38:55
And I don't know that I would have showed up on a CV.
38:58
My mom was a nurse too.
38:59
I shout out all the nurses.
39:00
Do you have a favorite book podcast
39:02
or TV show that you check out?
39:03
So non-business, I'm reading the James Carr series right now,
39:07
which was just made into a show
39:09
with a terminal list on Amazon Prime.
39:11
It's a Orber Navy Seal.
39:13
It's been a fun series to read
39:15
and just kind of get lost in.
39:16
A book that I read recently was the David Grohl autobiography.
39:20
The way that he talked about leadership
39:22
without talking about leadership
39:24
was my favorite part of the book.
39:25
I just, how he navigated everything through Nirvana,
39:29
how he got there, how he took risks and chances in his life
39:33
and where he's brought himself to where he is today,
39:37
how he made the first Foo Fighters record all by himself.
39:40
He played every instrument.
39:42
He sung every vocal 'cause he didn't have a band yet.
39:44
Like, I just, the leadership lessons in that book to me
39:48
are, it didn't, but really brilliant.
39:51
That's awesome.
39:52
What would be your advice for a first time CRO?
39:55
- Oh, deeply listen,
40:00
but yet act on things that you trust or gut against.
40:04
- And it's been wonderful having you on the show
40:09
for listeners, you can go to asana.com.
40:11
Obviously, so many marketers are already using SANA,
40:13
but if you're listening right now and you're not,
40:15
you should go check it out 'cause it's great.
40:17
Ed, any final thoughts, anything to plug?
40:19
- I would just plug that this is one
40:20
of the most wonderful podcasts out there
40:22
and spending time with you is always, always a pleasure
40:26
and I always really enjoy our time together.
40:28
So thank you for having me.
40:30
(upbeat music)
40:33
(upbeat music)