B2B SaaS company IPOs in 2023 and 2024 are like those mythical creatures from a time long ago - you hear a lot about them but seldom see them today! Klaviyo broke that drought for SaaS IPOs by going public on September 20, 2023!!!

Ryan Meadows is the Klaviyo Senior Vice President of Global Sales and has been at Klaviyo since they were less than $50M ARR and started as a Director of Sales five years ago.

• Selling Measurable value to customers
• Metrics that Matter to an Executive Sales Leader
• The keys to effective sales leadership in 2024 and beyond

How does the role of a sales leader change during the journey to IPO...and beyond? Ryan started with the comment that "titles do not matter" and that his 8 years at Hubspot were critical to helping Klaviyo scale. The first challenge when Ryan joined was how to build in the rigor of hiring great salespeople, have a repeatable and scalable sales process and ultimately build a long-term sustainable business.

Over time that journey includes building a capability to scale to new markets, scale internationally, and develop a platform that goes beyond a single-point solution...and then build the sales capabilities to gain traction in those new markets while building the ability to sell a platform versus a single product.

Moving up market to Enterprise-class customers begins with understanding the heightened expectations of the buyers. Aligning every GTM function and achieving success in the Enterprise Market as a top five company priority and goal was the starting point, and the core foundation required to find success in the upper end of the market.

Next, we discussed the evolving expectations of the key stakeholders after a company goes public, AND as Ryan was appointed the SVP of Global Sales. Understanding how to manage an earnings call and increase forecast accuracy are core competencies required in a public company.  Moreover to continue achieving the growth expectations as a public company requires close, cross-functional collaboration that shares the focus and responsibilities of pipeline growth, win-rates, and customer retention and expansion.

As Ryan grew into the SVP Global Sales role, beyond hiring great leaders who could run the day-to-day operations to hit the numbers, building close relationships with his peers in Marketing and Customer Success became a much higher priority as they ensured they were building a sustainable growth engine. A key to this collaboration was having "shared goals" that the head of sales, head of marketing, and head of partnerships all own and meet weekly to discuss how the pipeline for both new and expansion revenue is performing.

Another interesting point is measuring success, Klaviyo's North Star metric is customer value, measured by "Klaviyo attributed value" which exceeds $50B for increased customer revenue created by the Klaviyo solution.

If you aspire to scale a company to an initial public offering, and/or grow your B2B Sales organization from less than $50M ARR to IPO, this conversation with Ryan Meadows, Senior Vice President of Global Sales at Klaviyo is a great listen!!!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.