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Santiago Bibiloni

๐Ÿ‘ค Speaker
301 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So we do have pre-sales like SDRs and we have sales people for a typical B2B SaaS enterprise solution.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So we have SDRs and we have AEs.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So how many total sales reps do you have in the sales team?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

We have...

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

12.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

This must have been a key thing you had to think about going into your Series A. If you raise money, can you hire AEs at what quota to start driving ARR growth?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

How did you think about that?

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

Exactly.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

We are aggressively hiring SDRs and AEs and investing a lot in the lead generation today.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

The way how we think about salaries and quotas is...

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

Normally between 3.5 and 4x quota versus OTE.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So we normally do OTE half and half for sales reps.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

Half and half means if you have an OTE of 150k, it's 75 salary, 75 commission.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

And then your quota is going to be like 3.5 or 4x that amount.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

to take the 150K, your full on-target earnings, times 3.5 to 4X.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So something like $600,000 to $700,000 is your quota target for new AEs.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

Exactly.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

That makes a lot of sense.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

I mean, that's market.

SaaS Interviews with CEOs, Startups, Founders
ProjectCor Hits $1m ARR, Raises at $40m Valuation for Profit Tracking Tool for Agency's

So tell me more about the backstory here.