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SaaS Interviews with CEOs, Startups, Founders

This CEO Does $50m/yr and is moving to a Flat Org Structure, ChiliPiper CEO

18 Feb 2025

Transcription

Chapter 1: What is the main topic discussed in this episode?

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You are listening to Conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom. If you'd like to subscribe, go to getlatka.com.

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We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, CAC, valuation, or other metrics, the easiest way to do that is to go to getlatka.com and use our filtering tool. It's like a big Excel sheet for all of these podcast interviews. Check it out right now at getlatka.com.

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Over the next 20 minutes, she's going to walk you through all of this. Please help me welcome to the stage Miss Alina Vandenberg of Chili Viper. Have fun. Enjoy. I got all that right, right? Point solution day one, right? Okay, all right. All right, I have to ride the wave of the beautiful demo that monday.com, ClickUp, and Hootsuite have in common. Do you know what they all have in common?

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Why their demo process is so good? They use Chili Piper. All right. Irina talked to you about Gen Z buying differently. I'm going to talk to you about the change that we're making in our organization so that the Gen Zs can have the best experience working in a SaaS company, but also buying from a SaaS company.

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Because as she pointed out, the traditional playbooks of entrepreneurship don't work anymore. You don't have to do things like me. This is just what has worked for us at Chili Piper. It was what's authentic to us. And I think that's one of the biggest lesson is that you can listen to how people have done it in the past.

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You can listen to crowd knowledge, but what really can work is what adapts to your values and your beliefs. In my case, what I've experienced is that in entrepreneurship, we only have two modes. Either we're in terror or we're in euphoria. And if we have lack of sleep, both of them get accelerated. I am running on very few hours of sleep because last night we went to play poker and we kept going.

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However, there's something that I really want to optimize for, which is having fun and having euphoria at work, because that's what motivates me, that's what drives me, that's what keeps me going. I do not want to run a company by being miserable.

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And the most important part by building a company is creating a culture that you want to live on forever, that you want to leave to your grandchildren, to your children. And that's what I call the company of the future. And the structure of such a company, it comes a lot down to how systems are set up, how employees are being helped to thrive, and how growth happens. This is our ARR to date.

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There are a lot of things that have happened this year, but we're cash break even, and we're continuing to grow. And our modeling is courtesy of a famous person in this room, our fractional CFO, Josh. This meme was not created by him, but go listen to him speak about how he accumulated 400,000 followers.

Chapter 2: What insights does the ChiliPiper CEO share about adapting to Gen Z?

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And you want to optimize for all of these impressions that your customers are going to see. And as a result, in our marketing plan, we have very precise activities that are going to influence and that we're tracking towards our pipeline conversion. And yes, we started with one product, the one that's used by monday.com and ClickUp and Hootsuite.

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But there were a lot of other products that the market never saw. We actually had, at some point, an inbox as well. And the inbox was allowing buyers to see their entire buyer's journey and see who at the company emailed, what they did, and so forth. We killed it because we realized that it's going to be so hard to get people to switch from Gmail or Microsoft to another inbox.

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In the end, we went adjacent to our space. We called the platform demand conversion. We focused on what we know, which is pipeline conversion, and we created five SKUs that you can see here. Form routing, chat, team handoff, scheduling, and link distribution. with the goal of cross-selling and creating a machine that creates a pipeline from these other products.

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My co-founder, who happens to be my husband and also has fancy pants, is going to speak next after me, so he can talk to you more about how those multi-product strategy works. I'm going to focus on the things that I have split with him, which is operational excellence. And the best way to achieve operational excellence is, I found, using AI.

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There are a lot of touch points that can be optimized in the funnel without compromising on authenticity. You don't have to send robocallers to book business. You don't have to send fake emails, a million of them that sound all the same. But you can use AI in the process. And we use it for identifying our ICP. We use it for account scoring, for targeting.

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To give an example, we have a propensity to sell to our companies if they have some of these criteria here, if they have more than 10 sales rep, if they have a high influx of leads, if they have a complex sales cycle, are in good standing, have good G3 reviews. And it's hard to qualify all these 300 touch points in order to reach out to your best accounts with your best messages.

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So we created all sorts of bots to ensure that our data points are correct. We also observed that we're going to sell less well if, sorry, they're based in Europe, they take forever to close. If they're on Outlook, for some reason, people that use Outlook, they're a lot slower to make decisions as well. And if they're a traditional company. That's how we managed to book 500 meetings a quarter.

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And I just want to give a shout out for all this AI work that we're doing to Barts AI for our friend here, who has helped us create some of these autonomous AI bots. He's also speaking tomorrow, yeah? All right. All right, you can just go and chase him, and he can tell you how he does it with his magical team. On top of it, our GTM strategy is probably a lot more unusual.

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because it's the same as day one when we had the point solution, I have not changed any of it. And it comes down to our values, to the way we empower our employees to go to market, and the way we work with the ecosystem. Because by now you all know, all your products are super easy to copy. Anybody can just go on and copy your products. Autonomous AI bots are gonna be here.

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