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David Skok

๐Ÿ‘ค Speaker
217 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

So that would be the first place that I would say you want to start fixing is engagement.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

the actual successful adoption and getting the results, the business results that the user bought the product for.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

And you don't necessarily need to have many customers to be able to focus in on that.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

But if you don't have that working, the last thing you really want to spend your time on is wasting time getting a ton of new customers if they're all going to churn and not be successful with the product.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

So I would say start fixing things there.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

And once you have things fixed there, then you're going to come back into trying to build the funnel to acquire more of them.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

And my thought there is you're going to have a series of phone calls if you don't have enough volume to try to find out why people aren't converting.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

So you don't just simply look at numbers and don't have the qualitative data as well.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

So the quantitative is one part of it.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

But when it's thin in the early days, pick up the phone, start talking to people and actually find out from them why this is not appealing to them and try to understand whether that's fixable or not as well.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

So that's kind of where I would try to advise people.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

Yeah, it's a good point.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

Well, so I would definitely start with

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

Generally speaking, you have a view of what your product's business benefit is going to be for the customer.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

And the customer, generally speaking, will declare to you that they bought the product for a specific reason.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

So in the case of, say, a HubSpot, they would have bought it for more leads and maybe better conversion rates on leads.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

And so what you want to try to get inside of is what exactly...

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

can you do to get them to that business benefit as fast as possible?

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

So don't focus in on engagement and usage, because in all honesty, some of the very best products I've seen actually have very low engagement because you simply do a sign up for them and they simply just start working.

SaaS Interviews with CEOs, Startups, Founders
1137 David Skok Matrix Partners on Hubspot Pricing Axis, Category Leaders, $100b Softbank Fund

And if they have great business benefits and low engagement, that's the very best kind of product.