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Girish

๐Ÿ‘ค Speaker
187 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

In about 2015, we decided that we wanted to move more upmarket.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

We were beginning to see a lot of churn.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

But you'll see that for the two years from 2015 to 2016, nothing happened.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

Nothing really changed.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

We stayed largely an SMB business.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

Every single effort, every single attempt that we had to try and move upmarket didn't work.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

Something changed in 2017 and 2018.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

This is where we actually figured out a rhythm of what needs to happen.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

And that's when we actually, you can see our growth rate increased drastically as we started to move more and more upmarket.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

And what I'm going to share here is the things that actually worked for us and the things that didn't work for us as we were doing this thing.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

The first thing that we need to know as you're going upmarket from an SMB business is you need to know where you're going, else you're going to bleed cash.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

And, you know, Luke earlier spoke about camping out at your customer's place.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

And I think that's a great insight.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

And that's the first thing that I would really, really ask the people here to understand what

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

Is it that your upmarket customer is really looking at?

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

They will look very different than your downmarket or your SMB customers.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

And you need to understand that very well.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

You need to throw away your SMB playbook when you're basically doing this thing.

SaaS Interviews with CEOs, Startups, Founders
5 Secret Ingredients for Moving Up Market

Especially the standard SMB playbook of coming up with ideas, throwing it out in the market, seeing how it works, experimenting, and then learning from it doesn't quite work when you're moving up market.