On this episode, Tim discusses his go-to-market fundaments, the importance of harnessing a learning mindset, and how to hit more bullseyes with fewer arrows.
0:00
Welcome to Rise of RevOps.
0:07
I'm Ian Faison, CEO of Caspian Studios, and today I am joined by a special
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guest, Tim,
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are you?
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Ian, great to be with you today.
0:16
Yeah, excited to chat with you today about all things next door.
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One of the truly great apps of our generation.
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Love it.
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Couldn't imagine being a little homeowner out here in the DP Spay without good
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next
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door.
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So excited to dig in all that, of course, your background.
0:33
So how the heck did you get into revenue?
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It's a long story.
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It's thinking about you and I did some reflection and it's funny.
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I was actually part of the world's worst corporate merger at Time Warner and
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AOL.
0:46
And I was on the Time Warner side at the time.
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And ultimately when AOL was spun out, I joined AOL to help resurrect that brand
0:55
, which was
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you know, with quite distressed and spent about 10 years there building it up,
1:00
working
1:01
closely with Tim Armstrong and a number of people to ultimately sell it to
1:05
Verizon.
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And it was a fabulous experience because we had basically touched every kind of
1:10
facet
1:10
of digital media, crazy amount of own and operated, it's like Huff-Poe Tech
1:15
Crunch, world's
1:16
greatest ad network and ad.com, which was the OG programmatic pioneer.
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We acquired millennial media and had a great mobile business, data companies
1:25
and so forth.
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So it was a really fantastic place for me to grow my career and not only just
1:31
learn and
1:32
grow in all these different areas, but work with like tremendous people.
1:35
We sold the business to Verizon and then I left corporate America and then had
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been doing
1:40
venture back startups for the last five years or so, mainly in the distributed
1:44
economy space
1:45
and very happy doing that.
1:47
All local companies got the call from next door to come over and I was always
1:52
been so
1:52
intrigued by the company kind of for the reasons you noted and couldn't pass it
1:56
up.
1:57
So I joined about four or five months ago now and off to the races and you know
2:01
, building
2:02
a great company that's having a big impact on the world.
2:05
So very happy to be here.
2:07
Yeah, it is quite the journey for you in touching so many different areas of
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revenue,
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running sales for all sorts of different size companies and scope and volume
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and all that.
2:18
I'm curious like how the heck do you think about rev-ops?
2:21
I got the religion on it at AOL.
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It was the context of one, just as a revenue leader, just being buttoned up on
2:29
the context
2:30
that we were providing our salespeople and leaders in terms of driving the
2:33
business.
2:34
But the other part that I think it's missing a lot of the time is when you're
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acquiring
2:39
a lot of companies and knitting that together.
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So what happens is there's a set of people, very smart people that knit these
2:46
deals together,
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but it's the rev-ops team and the operators that have to make it work.
2:53
And that's where all the heavy lift is.
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And that's where I really grew a huge admiration for the function and the
2:59
people who do it.
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And so I worked with some like really legendary people in the space.
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It's a set of skills and rev-ops that it's really hard to replicate.
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But when you're working both in terms of driving the business but also knitting
3:12
acquired companies
3:13
together, it's imperative to have a very muscular rev-ops group.
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So I appreciated the chance to talk to you about it because it's meant so much
3:22
to me.
3:23
And the success that I've had is having strong rev-ops partners for sure.
3:26
Yeah.
3:27
And I think one of the things that this show really wants to do is to establish
3:31
that point
3:32
of view of the revenue leader of how they view rev-ops and who better to talk
3:36
to than
3:37
you about it because you've seen it from so many different angles and so many
3:41
different
3:42
companies.
3:43
What's your definition of rev-ops?
3:45
As you probably tell, I'm a very simple person.
3:47
And the way I describe it is sometimes people have a hard time distinguishing
3:51
it between
3:52
what finance does or what rev-ops does.
3:55
And so I just try to paint the picture of a very fast car driving down the road
4:00
And rev-ops is the headlights that you need to anticipate the curves, drive the
4:05
business,
4:06
adjust as you go, finances the rear view mirror of what happened and so forth.
4:11
And they're both important, serve a really valuable purpose of the company.
4:15
But if you have a very strong rev-ops team, you're going to be arching those
4:20
turns.
4:21
You're going to be optimizing your speed down the hill.
4:24
And if you have a sub-optimal rev-ops situation, you're going to be knocking
4:28
over your neighbor's
4:29
garbage cans.
4:30
You know what I mean?
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So I think of it as a very fast car and the headlights and the high beams
4:35
looking down
4:36
the road to guide where you're going.
4:38
And I've always looked at it that way, both in terms of operating the business,
4:42
but also
4:42
on a strategic level.
4:43
And you roll it next door.
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Obviously, everybody knows who next door is.
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If you don't, you should go download the app.
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But what does revenue look like at next door and how do you think about it?
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Yep.
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Well, it's advertising based model for sure.
4:57
That's a great model.
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It's a great business for us.
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It dovetails very well because the advertising actually serves an important
5:04
function in the
5:05
neighborhood.
5:06
It's all about connecting consumers and we call neighbors to businesses, both
5:11
local
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businesses and small businesses, but also large-scale businesses that want to
5:16
localize
5:17
their offering or tailor what they're putting together.
5:19
And so we have some very differentiated things that we do at next door that
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throws off a
5:25
high-attent signal.
5:27
So mainly everybody on the platform is verified down to their address.
5:31
And so that's highly unusual.
5:33
We have a very high degree of home ownership and you're emblematic of someone
5:36
who may have
5:37
moved from the city out to Walnut Creek.
5:40
And all of a sudden you're like, where do I find a plumber?
5:43
I play in a soccer league.
5:44
How do I find someone to walk my dog?
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Can I volunteer?
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Or how can I help my neighbors?
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Or someone who's elderly, you can't go get their medicine and so forth?
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Next door exists to help facilitate that.
5:56
And we want to do it in a way that, through kind conversations and be kind of
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the social
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network that once oriented to the neighbors' neighborhoods, but also cultivates
6:07
kindness
6:07
and creates engagement through kindness rather than through distraction and div
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isiveness.
6:12
And so we have about 700 employees and we have a high degree of diversity and
6:16
diversity
6:17
of thought here.
6:18
But the throughput, the thread that comes through all 700 employees that I've
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seen is
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that notion of like improving neighborhoods, bringing people together.
6:28
You can talk about the value of people's lives and their mental state when they
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're more
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connected with their neighbors.
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And there's very important things, especially in the context of the last few
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years, COVID
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years and a lot of divisive things happening, certainly in the United States.
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It serves an important function that way.
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So what we're trying to do is create an online platform or application that
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allows people
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to connect offline as well.
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And so it creates a very unique opportunity for brands to talk to consumers in
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that context.
6:57
And so we have a lot of people that when they come to the platform, they either
7:01
need to
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do something with their house, they want to join a community, a participant in
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community,
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and they habituate over half of our users come on a weekly basis.
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And so the frequency and the intent that's part of that platform creates a
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really interesting
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combination of signal that our brands can tap into.
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And so my job is work with our team to evangelize that, explain it to people,
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provide thought
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leadership or domain expertise in that space.
7:29
And so it's a really great, unique thing to be able to talk about on a daily
7:33
basis.
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I love it.
7:34
Yeah, I'd say you pretty well have me pegged from Oakland, Walnut Creek.
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The one thing you forgot to mention is trying to figure out how to get rid of
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the raccoons
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because my goodness gracious, that is like next door is popping for trying to
7:46
get rid
7:47
of these, get rid of these raccoons.
7:49
We got to relocate these things.
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They're tearing up our yards.
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Yes.
7:54
It's important subject.
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But what's cool though is you get a read on what people are thinking about.
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You know what I mean?
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There's really no other place where if you're a homeowner and you have a rac
8:03
coon issue,
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that is taking up some headspace, right?
8:06
So learning how to solve it, communicate with people.
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Are you the only one?
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It is interesting to play out.
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And it's actually what's happening out in the real world.
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And you might find a neighbor that helps you solve your problem.
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We see instances of that happening on the platform constantly.
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And it's very rewarding to see that is what's on your mind out in Walnut Creek
8:29
is solving
8:30
that raccoon issue.
8:31
So it's okay.
8:32
Don't I know it.
8:33
But no, I think it brings up a great point about the sense of community and
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where does
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technology fit into that?
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And ultimately, like, where do advertisers fit into that?
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And like, how does that evolve?
8:44
How does that experience evolve?
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How does it stop being, you know, shoving 700 pieces of paper into my mailbox
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every
8:51
day with all sorts of different offers, but also from an advertiser perspective
8:55
, like
8:56
you said, to get that access to a group of people that are looking for ways to
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improve
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is really advantageous.
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How do you think about going to market and who are those next door customers
9:08
that you're
9:08
looking at?
9:09
Who are those advertisers?
9:10
So we do especially well, you know, it's just driving that high intense signal
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and a
9:16
high degree of homeownership.
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And then also there's a proxy for wealth in there too.
9:20
So there's a lot of spending power.
9:22
And so we do especially well in things like home services, for instance, that
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might not
9:27
be like the most prominent ad category generally, but for us, it's ultra core
9:32
to what we do.
9:33
We do very well in financial services.
9:35
We do very well with CPG and retail.
9:38
And so for instance, if you're working like with a Home Depot is a good example
9:41
, we're
9:41
a large retailer that helps you take care of your home or improve your home and
9:45
so forth.
9:46
But every one of those Home Depot stores has something unique about it.
9:51
So like my main Home Depot is in Corda Madeira.
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There's one guy who runs the paint department in the Home Depot in Corda Made
9:58
ira that's like
9:59
a legend in Marin.
10:01
And so it creates an opportunity for them to almost produce like local influ
10:05
encers in
10:06
their areas of like people you go to for answers and so forth.
10:10
And so it creates a chance.
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So people aren't looking at Home Depot in the aggregate.
10:15
They're looking at like the Home Depot store in Corda Madeira or the one in Wal
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nut Creek.
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And so what we like to think about is like helping these national partners
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tailor their
10:24
messaging to the local community.
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And that creates a lot of very unique combinations that we can put together for
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them.
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And so that's a big part of what we focus on with with us.
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So Home Services is a great place to start, but we're burgeoning in a lot of
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different
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categories across the board.
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For the same reason, there's a lot of buying power.
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There's a lot of interest in putting things in local context for a broad
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spectrum of brands.
10:50
Yeah.
10:51
How as a rev ops problem and thinking about how to go after those accounts and
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getting
10:57
to a predictable revenue point, which rev ops is a role in that.
11:01
It's a couple things.
11:02
It's sizing the market.
11:03
So I'll add a couple that we're spending a lot of time right now, healthcare
11:08
and pets.
11:08
If you're a homeowner, there's generally a high degree of interest in owning
11:12
pets.
11:13
And so sizing that market is really important.
11:16
Identifying like the top partners to kind of go develop is really important.
11:21
Same with healthcare and developing our story, but wrapping it around where the
11:24
opportunities
11:25
are.
11:26
And so that's what I mean, like in terms of the combining the strategic part of
11:29
what rev
11:30
ops does and setting kind of direction, kind of where we want to go run and
11:35
develop opportunities.
11:37
But also the rigor against that.
11:39
And so I'm kind of a maniacal about making sure the top 5,000 mathematics
11:44
accounts are
11:45
assigned to the person and we can track that.
11:48
And so I want to understand the pressure that we're putting on development, the
11:52
development
11:53
pressure of those accounts and so forth.
11:55
And so having an accurate read on that, think about it in the form of a
11:59
dashboard.
12:00
So just like you're driving your car, you need a speedometer that's accurate to
12:04
pump
12:04
the brakes or accelerate and so forth.
12:07
And that's how I want our rev ops flow to feel for every single person in our
12:12
distributed
12:13
sales force.
12:14
So we have about 52 frontline sellers.
12:18
And I want that information to get out to the edge to them so they can see
12:22
where they're
12:22
at.
12:23
So they have their own speedometer of the pressure that they're putting on the
12:26
accounts and the
12:27
categories that we want to develop.
12:30
I also want a really tight feedback loop on what's working and what's not, what
12:34
's resonating
12:35
and what's not.
12:36
I know you asked about tools in some of your other podcasts and I'm very
12:40
bullish on game
12:40
film now.
12:41
Like using tools like GOM.
12:43
IO is an example where we can get feedback not just from notes but by watching
12:48
the game
12:48
film ourselves and also counting the comments that go into it.
12:52
It's such a great time to be a sales leader and work in rev ops because the
12:57
tooling is
12:58
so fantastic and just building out your stack that kind of suits our needs.
13:02
It needs so exciting right now.
13:05
So we're definitely trying to take advantage of the contemporary set of tools
13:09
available
13:09
to us to drive both the strategic kind of aspect and where we're going but the
13:14
tactics
13:14
and the rigor that we need to get there.
13:17
So where does your rev ops team sit?
13:19
So they're part of the revenue organization.
13:22
So we have our rev ops sales, our measurements all tightly bundled together.
13:28
The only thing that kind of sits outside that is marketing for now.
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That rolls up to our CEO Sarah at the moment.
13:35
Cool.
13:36
Okay, let's get to our first segment.
13:38
Rev obstacles where we talk about the tough parts of rev ops.
13:42
What is the hardest rev ops problem you faced in the past year or so?
13:46
In the last year it was just getting accounts straightened out where we had the
13:50
proper distribution
13:51
and that's a pretty big lift with a fast moving organization.
13:55
The company set up a mid-market team about a year ago which was the right
13:59
strategic move
14:00
for sure for our type of business.
14:03
But there was a lot of work to be done in terms of just shaping it and honing
14:06
it in.
14:06
So that's been the biggest thing to have a single source of truth that was
14:11
reliable in
14:11
terms of coverage not only on the account level but on agency level.
14:15
And so that sounds, if that sounds mundane it might but to me it's like so
14:19
fundamental
14:20
to kind of having the strongest go to market we can with the widest, deepest
14:24
net we can.
14:25
I will tell you though, nothing here can compare to the challenges we had when
14:31
we were doing
14:32
AOL where we had eight revenue lines, acquired companies, completely different
14:37
systems.
14:38
And so the degree of difficulty and scale of that was much harder.
14:43
So while I'm not minimizing the work to be done here, it's definitely pales in
14:48
comparison
14:49
to what we were up against straightening out AOL.
14:52
But having the right people in place, we got the right tools in place.
14:56
The people who are in a growth mindset that want to learn and change.
15:00
And I guess maybe just to add to that too is hitting a big emphasis on learning
15:04
culture
15:05
in terms of having people that in the mindset of learning, changing, growing
15:10
and want to
15:11
do that.
15:12
And so when we're doing training that they feel like a kid in a candy store
15:15
versus feeling
15:16
like we're dumping the dump truck on their desk, you know what I mean?
15:19
And so we recruit curiosity.
15:21
We want to develop that.
15:23
We just hired a very top notch head of sales enablement.
15:27
And so that's going to be a fundamental part of what we do too in terms of
15:30
getting training
15:30
on tools, we're migrating to a new platform and also just having a learning
15:35
culture in
15:35
general to make us fast and agile.
15:39
You mentioned marketing sits in a separate organization and rev-ups falls into
15:44
revenue.
15:45
I'm curious, how do you sort of get that more holistic view of what's going on?
15:50
How do you work with marketing?
15:52
And then anytime that you're so un-advertising, obviously it's a very different
15:55
type of a
15:56
sale than like a SaaS sale.
15:57
You have a different type of relationship with your customers.
16:01
And so I'm just curious, like, how do you think sort of rev-ups supports that
16:05
type of
16:05
customer journey from like acquisition to keeping them happy?
16:09
Yeah, it actually is tightly.
16:11
Wow.
16:12
And we use a pillar system here, which I like a lot.
16:15
And that's basically across functional meetings that we have every other week,
16:19
across a variety
16:20
of different subjects, where even if companies aren't sitting in the same orb,
16:24
they're sitting
16:25
in a regular transparent discussion that's very heavily documented, very
16:30
accountable,
16:32
and very transparent.
16:33
And so you solve it to answer your question.
16:35
You solve it through communication.
16:37
You solve it through transparency and accountability.
16:41
And so part of it, too, is you're just coming out, coming in 2023 and going
16:44
through that
16:45
kind of annual planning process, which was my first at Nextdoor.
16:49
We set the priority order of things as well.
16:51
And so we have a nice system, not only of the pillar system, but very clear OK
16:56
Rs that
16:57
all map to a unified, harmonized kind of set of goals.
17:01
And so it actually has not been difficult to keep things harmonized.
17:06
And that says something for the setup and the structure and also says something
17:09
about
17:10
the people.
17:11
And very talented, cooperative, thoughtful people that work here, that want to
17:16
win, and
17:17
want to do their best work.
17:18
They're not afraid of change.
17:20
Thus far, that's been really exciting to be a part of.
17:22
And we're building on a lot of those plans right now.
17:25
Any rev-oops moments or rev-obstacles from your past lives sounds like there
17:30
might have
17:31
been a few, but I don't know if there's any that you can share that stand out.
17:35
I haven't had any here yet.
17:36
I'm still inside my first six months of here, and again, it's been as I
17:41
expected a very
17:43
pleasant, very button-up experience.
17:46
And so I haven't had some big epiphany there.
17:50
I would say one of the things that I guess that we kind of did as part of the
17:54
process
17:54
is making sure that everybody at the executive level and across functional
17:59
level was familiar
18:00
with all the tools and the systems that were in place that the sales team was
18:04
using.
18:05
And so I suggested this to our leadership team in one of our early meetings,
18:09
and they
18:09
were very enthusiastically accepted to jump in and sit shoulder to shoulder
18:14
with our frontline
18:16
sellers, frontline ad-ops people.
18:18
And that proved to be really, really successful.
18:20
That was a very positive thing in terms of understanding where the issues were.
18:25
And so to help set expectations, to help with our strategic planning, and so
18:28
forth.
18:29
And so it's less of an oops moment and more of a discovery of all the imperfect
18:35
ions that
18:35
we had to yet solve.
18:37
And so that's how I thought about that question is creating awareness and
18:44
transparency so
18:46
people can solve it at every level of the company.
18:48
I think what happens sometimes is if you have just senior people talking to
18:52
senior people
18:53
and not pulling down to the detail level, mistakes can get made there.
18:57
And so we're being very careful here at Nextdoor that we have very strong
19:02
transparency and
19:03
detailed discussions telescoping from this uber tactical up to the strategic
19:08
level when
19:09
we're doing planning and stuff.
19:11
I guess the other thing too on an oops level would be just when there's misal
19:15
ignment.
19:16
And that's more what I have in my past life when, especially with an acquired
19:20
company,
19:21
where they were told one thing, usually in a BD session or whatever, kind of
19:25
part of the
19:26
M&A process.
19:28
And then on the execution level, we've been running a different set of plays
19:33
and having
19:33
to reconcile that is very stressful, takes a lot of time, usually nobody's
19:39
happy, slows
19:40
things down.
19:41
And so I would say the rev ops oops thing is making sure you're aligned with an
19:47
acquired
19:47
basis with your M&A team and what expectations were set and the plan moving
19:51
forward and making
19:53
sure that lines up with what reality is.
19:55
You know what I mean?
19:56
And so that's definitely a big one.
19:58
And the rev ops team is always the ones stuck in the middle of solving that.
20:03
So that's just something to get about for sure.
20:05
A lot on the show, you're talking to B2B companies, we think about this idea of
20:09
this customer
20:09
success or customer journey or that piece.
20:13
But again, like I mentioned with advertising, it's really different.
20:16
It's so ROI driven.
20:17
I mean, everything is ROI driven.
20:18
But like if you're buying a piece of HR software, you either need it or you don
20:22
't, right?
20:23
Like hard to really quantify whereas like your ad dollars, you really need to
20:28
dig into
20:28
that stuff.
20:29
I'm curious, like how does rev ops support like renewals?
20:33
Yeah, that's a good question.
20:35
We focus a lot on renewals retention as an important metric we measure
20:39
ourselves against.
20:40
And I guess it starts with awareness and also just identifying where the issues
20:45
are
20:46
that we have to solve.
20:47
And I think that that's a really important one.
20:48
There's also just like a broader issue too where because of the state of like
20:53
tracking
20:54
and moving away from cookies and all the things that advertisers are up against
20:58
in terms
20:59
of how they actually quantify outcomes, there's a attribution paralysis going
21:04
on in the market.
21:05
And helping companies solve that problem is really important because there's a
21:10
lot of
21:11
time and expense that companies have to devote now to find out what actually
21:15
happened.
21:16
And they can't use the old tactics they had before.
21:18
And so it's a combination of rev ops and measurement in that case that can help
21:22
kind
21:23
of solve like a genuine business problem that most of our major brands, brand
21:30
partners
21:30
have right now.
21:31
And so that's a work in progress.
21:33
There's not a silver bullet on that one Ian, but you could be creative in many
21:37
ways.
21:38
And it's not just building beautiful work, but you could be creative in how
21:41
people solve
21:42
that problem.
21:43
That's where the art form of rev ops comes in to kind of help us solve that
21:47
with partners.
21:48
I love that you said attribution paralysis because that is what it feels like,
21:53
right?
21:53
I mean, in the B2B world, you hear this dark funnel, dark social, all these
21:58
things that
21:59
you're trying to figure out how you can go acquire accounts and get people
22:03
interested.
22:04
It is attribution and it's and there is that fear of the unknown and like we
22:07
just don't
22:08
know how we're going to prove anything anymore.
22:11
I'm curious, like just how many people do you get?
22:14
Do you talk to companies that have like never even tried next door before?
22:21
Because it's like I've been pouring money into Google and Facebook forever in
22:25
the day
22:25
and like we're looking to check a new channel.
22:28
Yeah, it's a lot.
22:29
And again, that's what creates an exciting opportunity for us that our
22:32
penetration, while
22:33
we've been very successful and growing like crazy and doing and continue to
22:38
move up and
22:39
to the right, there's still so much work to be done in terms of market
22:42
penetration.
22:44
I spend in my role, as I've been at this a long time, I tend to talk to more
22:50
senior
22:50
people in the industry and I've close friends with many of them.
22:53
And so we, you know, over a glass of wine, you know, talking about kind of what
22:58
's expected
22:59
of them and they'll say, hey, Tim, budgets are flat or down.
23:03
When we talk about it, I say, yeah, I totally get that.
23:06
I live in that dream too, but like you have to innovate and you have to kind of
23:12
show
23:12
your brand or your CEO, you're doing new things.
23:14
They're like, absolutely.
23:16
And so the next is like, well, if you're kind of default, if the default
23:20
setting is
23:20
on meta and Google and God bless those companies, like they've done a great job
23:26
I'm not anti either of them, but if people are just kind of producing the same
23:29
plans
23:30
over and over and over again, somebody's getting fired, right?
23:33
You still have to demonstrate innovation even in a tight market like we're in.
23:38
And so the commentary or discourse is like, look, try out next door and talk to
23:43
have your
23:44
brand talk to those consumers in a novel way.
23:48
And by the way, this testing environment actually is likely going to work
23:52
because of the high
23:53
intent signal that we can demonstrate.
23:55
And so it's a nice combination of something where you can demonstrate
23:59
innovation, but
24:00
also have a high degree of certainty you're going to have a nice outcome,
24:04
especially when
24:04
they're focused on more omni-channel measurement.
24:07
And so we're doing developing partnerships or have partnerships with NuStar,
24:12
using live
24:13
ramp data and so forth.
24:14
And so these brands that are a little more evolved on getting out of like ultra
24:18
rudimentary
24:19
click through measurements and looking at more what's actually tracking things
24:23
more holistically,
24:24
our story gets very, very good.
24:26
So demonstrating a way to innovate, but also think about measurement
24:30
differently is like
24:31
really important.
24:32
And then finally, it's just education.
24:34
And I like that part of our job to our role of our team is to constantly be
24:39
educating
24:40
people not only about next door, but being subject matter experts on reaching
24:46
people in
24:47
a localized way and how that works and so forth.
24:50
And there's a lot of misconceptions about it and so forth.
24:53
So there is definitely a big kind of educational kind of part of what we do in
24:57
our daily kind
24:58
of go to market sales motion in the field.
25:01
All right, let's get to our next segment.
25:03
The tool shed, we're talking tools, spreadsheets and metrics, just like
25:07
everyone's favorite
25:08
tool qualified, it'll be to be tool shed is complete without qualified.
25:11
Go to qualified.com right now and check them out qualified.
25:16
They're the best.
25:17
They're the absolute best tool in the entire tool shed.
25:20
Go to qualified.com.
25:21
Tim, what's in your tool shed?
25:24
What do you like in these days?
25:25
You mentioned the listening tools like gong and things like that.
25:29
What else is in the tool shed?
25:30
I kind of core obviously sales force.
25:33
We religiously use that sales loft, looker to develop our dashboards.
25:39
I think a lot of what we're one of the things we're up against right now at the
25:42
kind of
25:43
like life cycle of next door is lots of good stuff dissipated around the
25:48
company and putting
25:50
it in one place is like a major kind of like focus right now.
25:53
And so I like dashboards a lot better than I like spreadsheets and RevOps teams
25:58
believes
25:59
in that as well.
26:00
And so that's a big focus of ours.
26:02
But I will say back to your question, I'm semi obsessed on gong right now.
26:06
I am a nut about game film.
26:09
I played sports growing up and coach always used to say the film don't lie.
26:15
And as much as someone can kind of give you a killer recap and they can tell
26:18
you what
26:19
happened.
26:20
The chance to watch what actually happened in a meeting is so fabulous and so
26:28
genuinely
26:29
helpful in terms of how we respond to people and you and I could watch game
26:35
film together
26:35
and you could pick up something completely differently than I saw.
26:39
And it's just so nice to have that.
26:41
We've had many instances where I've sent that to our product team.
26:44
So there's a really nice chance to provide feedback and notes.
26:48
So I could be sitting on a plane.
26:50
I'm big on craftsmanship.
26:51
I'm big on working on it together versus just relying on that meeting happening
26:58
And then it dissipates and you're going off notes and second party stuff.
27:01
And so I just think there's a really fascinating way to kind of learn, develop,
27:08
get better
27:09
and also socialize those conversations with our clients who are busy so we can
27:15
get more
27:16
mileage out of those conversations with more important people at our company to
27:20
help do
27:21
our best work and return.
27:23
So that's one I'm very bullish on because I want to build a rigorous
27:28
organization that
27:29
provides feedback and have a provide sounding boards and genuine help to our
27:33
team.
27:34
And so I just think there's a really interesting set of things that are so
27:40
constructive with
27:41
using Kong.
27:42
The one thing I'll say too that I understand and always want to work through is
27:47
like earning
27:47
trust with your team that we're not watching game film like judging that, like
27:53
picking
27:54
them apart.
27:55
And I think that's the initial feeling or sentiment that people have for some
27:58
of that
27:59
stuff.
28:00
And so my job as a leader is to make sure that we're building trust with the
28:05
team and
28:05
like how we're using that properly.
28:08
We're using those assets, we're using those tools in an appropriate way and not
28:13
to pick
28:13
you apart or be critical, but to learn and to grow and understand what our
28:19
clients want
28:20
so we can get more bull's eyes with fewer arrows on the solutions that we
28:23
provide back
28:24
to them.
28:25
I always kind of like rev ops is seeking the truth, right?
28:28
I mean, I know we as leaders like we always are, but rev ops is like trying to
28:31
put numbers
28:32
to the truth.
28:33
Like you said, when you're looking forward, when you're a forecaster, that's
28:38
impossible,
28:39
right?
28:40
We know it's impossible to be perfect.
28:42
And so when you have a tool like a gong where you're creating new metrics, both
28:47
from a leadership
28:47
standpoint, like you managing your managers or from all the way down to the
28:51
account level,
28:52
it's ridiculously valuable.
28:53
And we have a question that I'm going to ask you here in a second, what's a
28:56
blind spot
28:57
that you wish you could measure?
28:58
I think that this was a clear blind spot that every single head of sales wish
29:03
they could
29:04
be there with every rep all the time.
29:07
But in and of itself, that is super interesting.
29:09
But then you look at the rev ops use cases and like, what are they saying?
29:12
What are they not saying?
29:13
How many times are they bringing up our competitors?
29:15
How many times are they?
29:16
We talked about this in another episode.
29:17
How many times are they bringing up the word COVID?
29:19
How many times they bring up the word tech apocalypse and like all these things
29:22
like budget?
29:23
How many times there's so much richness to this information and like imagining
29:28
as a
29:28
leader, you're like, if the rev ops person comes to you and says, Hey, I built
29:32
a dashboard,
29:33
the prospect says the word budget seven times in a call.
29:36
They're much more likely to buy in eight months than in two.
29:41
That is transformational data.
29:43
Well, that's right.
29:44
And the other thing is it's there's always like bias that you happen.
29:47
Those humans have bias and kind of everything that we do.
29:50
And that's a great example of like, yeah, they said budget eight times.
29:54
We might want to pay attention to that.
29:56
Or what does that mean and correlate that?
29:59
And that's impossible.
30:01
I don't care how strong of a note taker you are, you know, you're focused on
30:04
doing a
30:04
good job and reading the room and those things.
30:06
You're not going to pick up how many times they said that word.
30:10
And so I do think it does lead to like really cool things.
30:13
I do think though, to make that work, there's got to be trust though that the
30:18
team has to
30:19
trust you.
30:20
That's how you're actually using it versus some other kind of judgy, critical
30:26
way.
30:27
And I think that's just work that you have to develop with your team to have
30:31
them feel
30:32
that way.
30:33
And frankly, you know, with your partners too, they'll be like that they're
30:35
open to do it
30:35
and they understand how we're using it and how we're not using it.
30:39
You know what I mean?
30:40
And so it's novel enough that we have to work at that part too.
30:45
And I don't, I never underestimate that either.
30:47
Like that's a good one.
30:49
Because that's absolutely true.
30:50
Yeah.
30:51
I mean, that's the value.
30:52
Like we've talked to a lot of rev-opsizers where they don't sit in any
30:55
department or
30:56
it's just like they're an independent entity and it's like they're just trying
31:00
to be like,
31:00
hey, not that it's marking versus sales or whatever, but they're just kind of
31:03
saying
31:03
like, hey, this is just what the data shows, right?
31:06
If someone downloads 70 books, they're a lot more likely to buy in the next two
31:11
months.
31:12
That's not a sales metric.
31:13
It's not a marketing metric.
31:14
It's like it's a rev-ops thing.
31:15
That's where the true data blends with the art of sales, the magic of marketing
31:22
Agreed.
31:23
Do you believe that they should be independent?
31:26
You talk to a lot of people in this space.
31:28
Do you think just having that complete independence is like the right setup?
31:32
And leaning that way now, I think definitely under finances.
31:35
And this is totally like just Ian's call from talking to a ton of rev-ops
31:39
people and being
31:40
really interested in this.
31:41
But I definitely don't think it should be under finance.
31:44
I feel strongly about that.
31:46
I feel that they have to be really aligned with both marketing and sales.
31:51
If your pathway to promotion is through revenue or through marketing, then you
31:58
probably lose
31:59
some amount of objectivity just naturally.
32:02
And then rarely customer journey is going to be tracked as well.
32:06
And like this is the classic sales thing is like those new logos.
32:10
And then to the chief customer officers, we keep turning accounts because we
32:15
keep closing
32:15
these logos on a premise that's like our product is seven months out from.
32:19
So this isn't you're not helping us by doing this sort of stuff.
32:23
My hypothesis is that for the companies where it lives independently, it
32:27
creates a little
32:28
bit more objectivity.
32:30
But you also have to be dug into like again, the art of sales, which like
32:34
someone convincing
32:35
another person to sign a document that commits you together.
32:39
And then that sort of like art of marketing, which is this crazy multi-touch,
32:45
new, not even
32:46
a funnel crazy world that marketing is now so much of the sales before they
32:50
even get to
32:51
you.
32:52
So it's all interconnected and it kind of feels like that rev-ops is we used to
32:56
say the zipper
32:56
between sales and marketing.
32:57
And now it's sort of like a foundational layer for all of the customer journey.
33:03
That's actually a really interesting point.
33:05
I hadn't fully thought that through.
33:07
That was a I'm glad I asked you that question.
33:09
I think especially as like the stacks build out to and there's just more ball
33:14
ast around
33:14
what it does.
33:15
It does becoming its own kind of discipline.
33:18
So for the reasons you describe, I think that's a pretty good idea.
33:21
I have to take that one for me.
33:23
Yeah, go for it.
33:24
I was talking to a VP of rev-ops the other day off of camera and they were
33:29
saying that
33:30
they were basically like, I don't know why this stage exists.
33:34
Why CRO thinks that it should be here?
33:36
And I'm like, it makes no sense that this stage exists.
33:39
Why don't you just change it?
33:41
That's so silly.
33:42
It's like, oh, well, you know, reasons.
33:45
And that's the sort of thing where it's like collectively like you have to have
33:49
that conversation.
33:50
We'd also talked about this idea of like when someone a Black Swan event
33:54
happens of like
33:55
putting a Black Swan thing in your pipeline of like, hey, everyone keeps saying
33:59
it's because
33:59
of SVB.
34:01
And like those sort of things like, who's call is that, right?
34:05
Is it the CRO?
34:06
It was called like probably, but like, should there sort of be an independent
34:10
late look
34:10
from a rev-ops person who can challenge the CRO and be like, I think you're
34:14
wrong on this.
34:15
And if they report to them, it's a little trickier.
34:16
Yeah, I think that's a good point.
34:18
And you can replicate that independence depending on like the seniority and the
34:23
juice that
34:24
person has in the company.
34:25
So back to Eric Filler here, he has that.
34:29
So I guess in next door's case, we do have that measure of independence just
34:34
because
34:35
of his stature in the company and so forth.
34:37
But you're raising like really good points about neutrality and just being
34:41
truth seekers.
34:42
It's a good way to think about it.
34:43
All right, let's get to our final segment.
34:44
Quick hits.
34:45
These are quick questions and quick answers.
34:46
Tim, are you ready?
34:48
I am.
34:49
You could be any animal.
34:51
No, sorry.
34:53
If you could make any animal any size, what animal would it be and what size?
34:57
I love this question.
34:58
And I definitely think I have two rescue doggies.
35:01
They're like carriers.
35:02
They're like 30 pounds.
35:03
I would love to see them like the size of water buffaloes.
35:06
Oh, that's a great answer.
35:09
Just to walk around with them and just like see how many cheeseburgers they can
35:14
eat and
35:14
just like how they would just run around and now they're bigger than the other
35:19
dogs.
35:19
And I would just love to see what happens.
35:21
And if I could saddle up and ride one of them, that would even be better.
35:25
I love it.
35:26
Great answer.
35:27
I'd like advice for a head of sales who is partnering with a brand new rev ops
35:33
leader.
35:34
Being clear, striking like very strong communication cadence, being super
35:39
transparent, clean, well
35:41
lit environment with regards to strategy, the issues, like just genuinely
35:47
treating that
35:49
person like a sister or a brother in the sense of bringing them along,
35:54
definitely not avoiding
35:56
like creating any kind of adversarial type of relationship and understanding
36:00
that person's
36:01
there to help the company win and so forth.
36:04
And I think just establishing that like clear line of communication that again,
36:08
trust is
36:08
an important one.
36:10
Candor is an important one right off the bat.
36:14
Definitely the foundation for everything else you do because you're going to be
36:17
solving
36:18
problems.
36:19
There's going to be sensitive situations.
36:20
You're going to have to navigate.
36:22
You're going to really have to be able to work problems with someone who you
36:26
trust and can
36:27
rely on and so forth.
36:28
So that's probably, I kind of go in that direction because I've had so many
36:32
instances
36:33
where that was such a prominent part of that working relationship between me
36:37
and the rev
36:37
ops team that that would probably start there.
36:40
Tim, it has been absolutely fantastic chatting with you today on this very
36:45
rainy Bay Area
36:46
weekday.
36:47
For our listeners, go check out nextdoor.com.
36:50
You could go download the app if you haven't already.
36:52
Tim, any final thoughts, anything to blow in it?
36:53
If you're an advertiser, of course, a go advertise on next door.
36:57
Tim, any final thoughts, anything to plug?
36:59
That's our main thing.
37:00
Just keep follow us.
37:01
We have great ambitions for this company.
37:04
We've got a lot of talented people working on some very interesting things.
37:07
And so we can't wait to kind of show those to the world as we move forward.
37:12
So my email is [email protected].
37:15
If anybody has any questions, definitely shoot me a note.
37:18
Any friend of Ian's is a friend of mine.
37:21
And we'll look forward to seeing you out there.
37:23
Awesome.
37:24
Thanks, Tim.
37:25
Take care.
37:26
Thanks, Ian.
37:27
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(upbeat electronic music)