When I looked at the posts they picked, I thought they did a good job of identifying the best material, so I thought I’d share their list here. They also called me “a GOAT software blogger” and after playing around with acronyms for about half an hour — maybe Groove, OpenView, AngelVC, Tunguz? — my younger son swung by and said, “they called you a GOAT? Cool. It means greatest of all time.” Cool, indeed. Thanks.
Here’s the APPEALIE Kellblog’s Greatest Hits 2016-2019 list:
Below is the video of the thirty-minute presentation. The slides are available on Slideshare.
As mentioned in the presentation, I love to know what’s resonating out there, so if you ever have a moment where you think –“Hey, I just used something from Dave’s presentation!” — please let me know via Twitter or email.
The folks at SaaStr recorded the session, so at some point a video of it will be available (but that probably won’t be for a while). When it is up, I will also post it to Kellblog.
In some sense definitionally, there were two types of people in the audience:
CEOs, who hopefully received some fresh perspective on these age-old, never-quite-put-to-bed questions.
Those who work for them, who hopefully received some insights into the mind of the CEO that will help make you more valuable team members and help you advance your career.
As mentioned, please send me feedback if you have examples where something in the presentation resonated with you, you applied it in some way, and it made a positive impact on your working life. I’d love to hear it.
I’m super excited for the upcoming SaaStr Annual 2019 conference in San Jose from February 5th through the 7th at the San Jose Convention Center. I hope to see you there — particularly for my session from 10:00 AM to 10:30 AM on Tuesday, February 5th. Last year they ended up repeating my session but that won’t be possible this year as I’m flying to Europe for a board meeting later in the week — so if you want to see it live, please come by at 10:00 AM on Tuesday!
I’d quibble with the subtitle, “Lessons from Host Analytics,” because it’s actually more, “Lessons From a Lifetime of Doing This Stuff,” and examples will certainly include but also span well beyond Host Analytics. In fact, I think one thing that’s reasonably unique about my background is that I have 10+ years’ tenure in two different, key roles within an enterprise software company:
CEO of two startups, combined for over ten years (MarkLogic, Host Analytics).
CMO of two startups, combined for over ten years (BusinessObjects, Versant).
I’ve also been an independent director on the board of 4 enterprise software startups, two of which have already had outstanding exits. And I just sold a SaaS startup in an interesting process during which I learned a ton. So we’ve got a lot of experience to draw upon.
SaaS startup CEO is hard job. It’s a lonely job, something people don’t typically understand until they do it. It’s an odd job — for what might be the first time in your career you have no boss, per se, just a committee. You’re responsible for the life and death of the company. Scores or hundreds of people depend on you to make payroll. You need to raise capital, likely in the tens of millions of dollars — but these days increasingly in the hundreds — to build your business.
You’re driving your company into an uncertain future and, if you’re good, you’re trying to define that future your way in the mind of the market. You’re trying to build an executive team that not only will get the job done today, but that can also scale with you for the next few years. You’re trying to systematize the realization of a vision, breaking it down into the right parts in the right order to ensure market victory. And, while you’re trying to do all that, you need to keep a board happy that may have interests divergent from your own and those of the company. Finally, it’s an accelerating treadmill of a job – the better you do, the more is expected of you.
Wait! Why do we do this again? Because it’s also a fantastic job. You get to:
Define and realize a vision for a market space.
Evangelize new and better ways of doing things.
Compete to win key customers, channels, and partners.
Work alongside incredibly talented and accomplished people.
Serve the most leading and progressive customers in the market.
Manage a growing organization, building ideally not just a company but a culture that reflects your core values.
Leverage that growth internationally, exploring and learning about the planet and the business cultures across it.
Basically, you get to play strategic N-dimensional wizard chess against some of the finest minds in the business. Let’s face it. It’s cool. Despite the weight that comes with the job, any SaaS startup CEO should feel privileged every day about the job that they “get to” do.
But there are certain nagging questions that hound any SaaS startup CEO. Questions that never quite get answered and put to bed. Ones that need to asked and re-asked. Those are the 5 questions we’ll discuss in my talk. And here they are:
When do I next raise money?
Do I have the right team?
How can I better manage the board?
To what extent should I worry about competitors?
Are we focused enough?
Each one is a question that can cost you the company, the market, or your job. They’re all hard. In my estimation, number 4 is the trickiest and most subtle. There’s even a bonus question 6 – “are we winning?” — that is perhaps the most important of them all.
I look forward to speaking with you and hope you can attend the session. If you have any advance questions to stimulate my thinking while preparing for the session, please do send them along via email, DM, or comment.
You don’t need to be a CEO to benefit from this session. There are lots of lessons for everyone involving in creating and running a startup. (If nothing else, you might get some insight to how your CEO might think about you and your team.)
I’m Dave Kellogg, advisor, director, consultant, angel investor, and blogger focused on enterprise software startups. I am an executive-in-residence (EIR) at Balderton Capital and principal of my own eponymous consulting business.
I bring an uncommon perspective to startup challenges having 10 years’ experience at each of the CEO, CMO, and independent director levels across 10+ companies ranging in size from zero to over $1B in revenues.
From 2012 to 2018, I was CEO of cloud EPM vendor Host Analytics, where we quintupled ARR while halving customer acquisition costs in a competitive market, ultimately selling the company in a private equity transaction.
Previously, I was SVP/GM of the $500M Service Cloud business at Salesforce; CEO of NoSQL database provider MarkLogic, which we grew from zero to $80M over 6 years; and CMO at Business Objects for nearly a decade as we grew from $30M to over $1B in revenues. I started my career in technical and product marketing positions at Ingres and Versant.
I love disruption, startups, and Silicon Valley and have had the pleasure of working in varied capacities with companies including Bluecore, Cyral, FloQast, GainSight, MongoDB, Recorded Future, and Tableau.
I previously sat on the boards of Granular (agtech, acquired by DuPont), Aster Data (big data, acquired by Teradata), and Nuxeo (content services, acquired by Hyland), and Profisee (MDM, exited to Pamlico).
I periodically speak to strategy and entrepreneurship classes at the Haas School of Business (UC Berkeley) and Hautes Études Commerciales de Paris (HEC).