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Matt Plank

๐Ÿ‘ค Speaker
645 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

There's really two things that are important. I think the first is you have to have like a very deep partnership with marketing where you don't care about like credit. So for example, when marketing shows up and they generate 100% of the pipeline and it's all inbound demand gen, you know, form fills, hand raisers, and they're flowing to your inbound team.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

When you start to spin up outbound, you're trying to create a new incremental pipeline, right? If you obviously hire 100 SDRs and you end up with the same demos you had when you had inbound, that's obviously a bad equation, right? Way more costs and no more pipeline.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

When you start to spin up outbound, you're trying to create a new incremental pipeline, right? If you obviously hire 100 SDRs and you end up with the same demos you had when you had inbound, that's obviously a bad equation, right? Way more costs and no more pipeline.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

When you start to spin up outbound, you're trying to create a new incremental pipeline, right? If you obviously hire 100 SDRs and you end up with the same demos you had when you had inbound, that's obviously a bad equation, right? Way more costs and no more pipeline.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And so marketing, you have to have such a partnership with them where a lot of the stuff that marketing does, it drives outbound success, right? And so when you schedule outbound demos, you've got to also give marketing credit where credit is due. And I think a lot of companies... They break that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And so marketing, you have to have such a partnership with them where a lot of the stuff that marketing does, it drives outbound success, right? And so when you schedule outbound demos, you've got to also give marketing credit where credit is due. And I think a lot of companies... They break that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And so marketing, you have to have such a partnership with them where a lot of the stuff that marketing does, it drives outbound success, right? And so when you schedule outbound demos, you've got to also give marketing credit where credit is due. And I think a lot of companies... They break that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And a lot of times they'll have marketing and, you know, different orgs and sales, which is true of Rippling as well. Marketing does not roll into me, but we just have this like incredible cross-functional partnership.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And a lot of times they'll have marketing and, you know, different orgs and sales, which is true of Rippling as well. Marketing does not roll into me, but we just have this like incredible cross-functional partnership.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And a lot of times they'll have marketing and, you know, different orgs and sales, which is true of Rippling as well. Marketing does not roll into me, but we just have this like incredible cross-functional partnership.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And so what marketing is goal and how bound is they are telling us essentially like, who should we reach out to and when, and they're doing that by capturing all this like intense over the internet, right? Who's on our website, who's on our review sites, right? who just recently changed the job on LinkedIn. And so they're curating intent across all of our accounts that we would want to go after.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And so what marketing is goal and how bound is they are telling us essentially like, who should we reach out to and when, and they're doing that by capturing all this like intense over the internet, right? Who's on our website, who's on our review sites, right? who just recently changed the job on LinkedIn. And so they're curating intent across all of our accounts that we would want to go after.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And so what marketing is goal and how bound is they are telling us essentially like, who should we reach out to and when, and they're doing that by capturing all this like intense over the internet, right? Who's on our website, who's on our review sites, right? who just recently changed the job on LinkedIn. And so they're curating intent across all of our accounts that we would want to go after.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And they're teeing it up for us. Hey, this person you should reach out to right now. And then they, of course, help with the messaging. Here's the most effective sequences. They help us with the cold call scripts. And so the SDR work has an opinion on all of those things. And we're responsible for like ruthless, like execution of like a very daily driven, you know, KPI business.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And they're teeing it up for us. Hey, this person you should reach out to right now. And then they, of course, help with the messaging. Here's the most effective sequences. They help us with the cold call scripts. And so the SDR work has an opinion on all of those things. And we're responsible for like ruthless, like execution of like a very daily driven, you know, KPI business.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

And they're teeing it up for us. Hey, this person you should reach out to right now. And then they, of course, help with the messaging. Here's the most effective sequences. They help us with the cold call scripts. And so the SDR work has an opinion on all of those things. And we're responsible for like ruthless, like execution of like a very daily driven, you know, KPI business.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

But marketing is absolutely critical and like making it work. And if you don't have a really strong partnership.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

But marketing is absolutely critical and like making it work. And if you don't have a really strong partnership.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

But marketing is absolutely critical and like making it work. And if you don't have a really strong partnership.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20Sales: Rippling's CRO on Why Founders Should Not Create Sales Playbooks | Why Discounting is BS and How to Create Urgency in Deals | The Biggest Lessons on Pricing and How to Win the Pricing Game with Matt Plank

First, it comes from like the culture of the org and generally from like the CEO, right? Like if I show up to a meeting with Parker and I'm like, hey, we're going to massively whiff revenue this month, but like it's all marketing's fault. They didn't generate the demos they said they were. I giggle at the idea of that. That would absolutely never fly. That conversation wouldn't be able to happen.