Published Feb 26, 2019

a16z Podcast | Stories and Lessons in Enterprise Sales

Mark Leslie and Peter Levine delve into the art of enterprise sales, sharing critical strategies and personal stories that underscore the importance of aligning sales incentives with company objectives, mastering resilience, and fostering authenticity in leadership.
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Episode Highlights

  • Mastering Sales

    Mastering sales as a technical founder requires a unique approach, as explained by . He emphasizes that founders must initially sell their vision to partners, investors, and potential employees before even reaching customers. This foundational sales experience is crucial because no one else can articulate the product's benefits and future vision as effectively as the founders themselves. Leslie notes, "You are going to sell for the rest of your life in business, you're going to sell your ideas."

    When you are a leader of a company, you define the mission and the vision, and then you evangelize that to the company.

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    This continuous cycle of persuasion and representation is integral to a founder's journey and success 1.

       

    Sales Incentives

    Effective sales incentives are pivotal for driving performance, as explains. He argues that compensation plans should be straightforward, aligning with the company's primary goals, such as ARR or MRR. Leslie shares an anecdote about Sun Microsystems, where they incentivized their top salespeople to identify flaws in the compensation plan, demonstrating the importance of clarity and simplicity. "The problem that most companies have is that they don't know what's important to them," Leslie states, highlighting the need for clear priorities.

    I think a compensation plan should be on a three by five card. This is what your base is. This is how much you're getting.

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    Such clarity ensures that sales teams focus on external competition rather than internal conflicts 2.