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Mark Organ

๐Ÿ‘ค Speaker
372 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

I would fire any salespeople that are not ramped because it takes too long to get payback.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

So my framework on this is that in a time of crisis, your cost of capital is enormous, which means that you need to get payback very quickly with a high level of certainty.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

So a new sales rep is going to be a very uncertain investment.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

It's going to take too long.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

So if you've got four reps and one of them is still ramping, cut the one that's ramping.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

on the engineers, if the engineers aren't working on stuff that is going to generate a payback within six months, then they need to be reallocated or they're gone.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

So that's what it's all about.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

It's all about how do I get payback within six months and I want to get at least a three times return within 12 months.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Now, normally for engineering, you're looking at a very different equation.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Normally in engineering, you want to get a 20 times return on investment within two years.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

But this is a different time.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Um, and so like any horizon to investments, okay.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Horizon three investments in product gone, right?

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

So which normally horizon three investments are the ones that actually generate the biggest return, but it takes a long time.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

It's very risky.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

So those are gone horizon to, you know, you really want maybe only one horizon to investment that may be game changing for you, which means that horizon to investment, you might want to get a 10 times return within two years.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

There's only room for one of those.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Everyone else, I think, has got to be zeroed in on the current customers and doing whatever it takes to minimize churn.

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

And what do we need to build right now to win new customers in the door?

SaaS Interviews with CEOs, Startups, Founders
1717 3 Genius Ways To Conserve SaaS Cash To Survive Virus From Eloqua Founder Who Survived 9/11

Especially things that reduce costs and risk for our customers.