30+ SaaS CEOs Share The Signs Their First VP of Sales ⌠Just Wasnât Going to Work Out
What it's Fair to Expect -- And What It's Not Fair to Expect
So perhaps the first SaaStr post that generated a lot of controversy was âIf Your VP of Sales Isnât Going to Work Out â Youâll Know in 30 Daysâ. The point of the post wasnât that a new VP of Sales can get everything done in 4 weeks. But rather, that you should see improvements ASAP. 1 or 2 new, better reps. A few stuck deals that finally close. Etc. etc.
A lot of veteran SaaS revenue leaders protested, but most of them, upon reflecting on it, came to agree the point was right. A new VP of Sales doesnât always double sales in 30 days â although it can happen in SMB sales. But they do move the needle. They donât just talk.
As an update to that classic post, I asked founders what were the signs they first saw ⌠that a mis-hired VP of Sales wasnât going to work out. Iâve collected them below. If you think youâve made a mishire, but arenât sure, take a look at the list below. These are warnings signs.
âInstead of learning what was already working and earning trust of existing sales team Brought in the exact sales script and process that worked at their last company Lasted less than 60-daysâ â Andrew Gazdecki, CEO Microacquire.
The old playbook does help, but every great VP of Sales knows they quickly have to evolve it to any new role. A mediocre VP of Sales ⌠doesnât.
âFirst order of business: letâs buy a Keurig for the sales floor.
Second order of business: never learn the business, pricing, names of reps, or anything else.â â Ryan Doyle, Magic Sales Bot
Ok, I do enjoy the Keurig so not sure Iâm there on the first point. But the second one is spot on. You can laugh, but so many VPs of Sales Iâve seen fail in startups never really understood the business, the pricing, or much else. Why? They are just trying to run a process. That can work sort of OK in bigger companies, when the job is dashboards and pipeline. But it doesnât remotely work before $10m-$20m ARR. If ever.
A VP of Sales can fail by only caring about metrics and process, and not the product and distinct customer needs. But they can also fail if they canât get their arms around what metrics matter. More a risk in a very stretch VP of Sales thatâs never owned the overall ARR / bookings number.
âCanât source and/or close a single dealâ â Julien Codorniou, Felix Capital
OK, donât laugh at this one because itâs real â and common. It can take 2 different forms in my experience. If you hire a VP of Sales too early and hope they can jumpstart sales, itâs often too early to bring them in. They close nothing. And almost worst, and more insidious, is the VP of Sales who joins something with some momentum â that doesnât add anything to that momentum. They claim credit for everything happening, but donât add anything to revenue. Their job is to tilt the curve. Not barely maintain it, but with more expense and resources.
A great VP of Sales probably does have to have stayed one place for long enough to get promoted, hire their first team, and see the full cycle. That takes 4 years. More here.
1. Doesnât recruit any of their own people
Any great VP of Sales â job #1 is recruiting. If they canât recruit ASAP â in their first 30 days â itâs usually hopeless.
An amplification of the prior point, but a good one. 50% of the job of a true VP is recruiting. And VPs of Sales have to recruit more talent than any other role. So they are always recruiting.
This may sound like a story that canât happen to you, but itâs a reminder to Finish. Your. Diligence. Folks these days are hiring faster than ever, and they are skipping reference checks routinely. Even worse for a VP of Sales, they arenât calling past hires and a customer or two. You have to. Or you may well get Catfished by a VP of Sales that talks the talk, but canât or wonât walk the walk.
We said it above, and we will say it again. But a VP that canât hire isnât a real VP. And most especially a VP of Sales. Half the job is hiring great sales execs. If they havenât brought on 1 great sales rep at least in their first 30 days â they never will.
If a new VP of Sales doesnât start talking to customers their first day on the job, at least joining a call or two â youâve got problems.
The blame game starts early for a VP of Sales that isnât going to make it. You hear complaints about the VP of Marketing, Customer Sucess, the product and more rapidly. They are always excuses for not hitting the number.
A little tiny bit of this is part of enterprise sales. But a new VP of Sales who tries to get points on the board but selling features that donât exist ⌠thatâs a huge red flag. They wonât work out.
The new VP of Sales that doesnât respect what already is working is a huge flag. The best ones double down on what it is already working, just tune it up and do it better.
Yup. Again, itâs a recruiting job more than anything else. Hiring a VP of Sales without at least 2 good reps ready to follow here is super risky.
Sales leaders that never use the product or log into the site is just too common. They shoot from the hip. Maybe OK when you have a huge brand backing you (not OK, but maybe it works sometimes). Fails at a start-up.