From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I...

25
From Dev to Enterprise Sales Andrew Levy co-founder, CEO, Crittercism [email protected] @andrewmlevy 1/27/14 Confidential 1

Transcript of From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I...

Page 1: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

From Dev to Enterprise Sales

Andrew Levy co-founder, CEO, Crittercism

[email protected] @andrewmlevy

1/27/14 Confidential 1

Page 2: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

The Mobile APM Market Leader

We Operate at Scale Significant Revenue Ramp

0M  

100M  

200M  

300M  

400M  

500M  

600M  

700M  

800M  

8/19/10   3/7/11   9/23/11   4/10/12   10/27/12   5/15/13   12/1/13  2012  -­‐  Q1   2012  -­‐  Q2   2012  -­‐  Q3   2012  -­‐  Q4   2013  -­‐  Q1   2013  -­‐  Q2   2013  -­‐  Q3   2013  -­‐  Q4   JAN  

+800M DEVICES

“Crittercism and its technology are widely adopted and provide value to those struggling with the emerging mobile application market”

1/27/14 Confidential 2

4X RUN RATE

Page 3: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

The Leading Mobile App Performance Management Solution

Run Mobile Apps Faster, Better & Smarter

1/27/14 Confidential 3

Page 4: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

1/27/14 Confidential 4

A Support Platform for Mobile Apps

Early 2011

Page 5: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

2011 in Summary

•  Build product •  Get lighthouse customers •  Do unscalable things

1/27/14 Confidential 5

Page 6: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Nov 2010 – March 2011

1/27/14 Confidential 6

Page 7: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Do the Unscalable

Hi Anthony, My startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and we offer a support/feedback tool that can be embedded into any iphone app in 5 minutes. The idea is get better feedback, get better ratings, sell more apps. You can read more about it here: http://www.crittercism.com Right now, we're in private beta but if you would like to try out our widget, you can use this beta code: http://www.crittercism.com/developers/signup?code=friend Take care,

1/27/14 Confidential 7

Page 8: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

First Paying Customers

•  Dec 2011: 6 mos after launch, 12 mos after incorporating

•  All invoicing / manual credit card orders

•  Price testing

•  Very feature-driven sales approach

1/27/14 Confidential 8

This  is  a  good  story  

Page 9: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Product Market Fit

1/28/14 Confidential 9

•  Clear pain point that affects ALL developers –  Some companies focus on specific verticals (“gaming SDK”)

•  Find the niche communities –  ie – Mobile is comprised of disparate communities

•  Some are platform specific –  Android: XDA-Developers, Google Groups, Phandroid

•  iOS: Official Apple Forums, iPhoneDevSDK* •  Some are vertical specific

–  Gaming: Unity, TouchArcade, etc •  Others are technology specific:

–  HTML5: Appcelerator, PhoneGap, Sencha –  Even Ruby has one: RubyMotion

•  Dogfooding your own product

•  Easy product integration –  It’s hard enough to get developers to trust your 3rd party code (which may or may not be open

source) –  Dynamic documentation includes API key, ie – docs will show Crittercism.init(“1234”);

(my wife’s app uses Crittercism ->)"

Page 10: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

First Non-Engineers

•  Dec 2011: BD/Sales/Marketing generalist –  (“the non-engineer”)

•  Feb 2012: Hired VP of Sales –  Got lucky with a contract-to-hire arrangement –  Full time May 2012

•  April 2012: Hired VP of Marketing

1/27/14 Confidential 10

Page 11: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

2012 in Summary

•  Land & Expand

1/28/14 Confidential 11

Page 12: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Initial Sales Structure

•  Our VP of Sales (our only salesperson) had a commission, but no OTE*

–  Brought in 2 junior ISRs (July & Oct ‘12), also no initial OTE

•  Started building customer stories, moved away from feature-driven sales

•  SFDC put in place

•  TOS, contract negotiations

1/28/14 Confidential 12

Page 13: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Developer Self-Service Fall of 2012

1/28/14 Confidential 13

•  Self service added, later removed (more on this)

•  Monthly billing, in arrears

•  Premium targeted long tail developers

•  Enterprises targeted…

Page 14: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

End of 2012

•  16 people in the company •  Hired first SE and RSM Dec ‘12 / Jan ‘13

–  Tried this pod structure for commission

1/28/14 Confidential 14

Page 15: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

2013 in Summary

•  Built out Executive Team, including CRO •  High Velocity Sales Model •  Expanded Territories

•  Start Targeting IT Operations

1/28/14 Confidential 15

Page 16: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

World Class Executive Team

Our Team

Andrew Levy Co-founder, CEO

Robert Kwok Co-founder, CTO

Frank Swain CRO

Lars Kamp VP of BD

Paul Lappas VP of Eng

John Kemmerer CFO

Kalyan Ramanathan CMO

Executive Experience

1/27/14 Confidential 16

Page 17: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Complex Factors Affect App Performance

Cloud Services

Public Cloud Services (storage, networking, computing)

SDK Services (social, analytics, billing)

Enterprise Services (ERP, CRM, Security)

Device/App/OS WiFi/Network

6+ cloud services per app 400+ Carriers 7 mobile OS, 10,000s of devices

Mobile Service

Mobile App

1/27/14 Confidential 17

Page 18: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Severe Costs of Mobile Performance Issues

1/27/14 Confidential 18

Low App Store

Ratings

High Downtime

High MTTR

Idle Field Personnel

Missing Revenue Targets

Low User Retention

Page 19: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Real Business ROI

Issue Before After Impact

App performance issues affecting user experience 6% downtime <1% downtime

6x revenue improvement

7x performance improvement

1/27/14 Confidential 19

Major Retailer

Monetize through mobile channel while creating best user experience

App performance management

Lost Transactions

3% downtime across all platforms

0 crashes from test-based automation; 4 eng-

hour MTTR

30 minutes every day of lost transactions

< 0.5% downtime across all platforms

Problem resolved

110+ crashes detected in 1 day; MTTR in minutes

83% improvement in uptime

2 stars -> 4+ stars

True visibility into performance of apps

2% to minimal downtime

Page 20: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Sales G2M

Executive Team Expansion JAN 2014

DevOps / B2C DevOps, IT Operations / B2C & B2E CUSTOMER PROFILE

1 Sales Team 6 Sales Teams, Channels 7 Sales Teams, Channels XX Sales Teams, YY Channels

SALES EXPANSION

2011 Product, Lighthouse Customers

2012 Land & Expand

2013 High Velocity Sales, Build out Field

Teams, Territory Building

2014-15 More to come…

1/27/14 Confidential 20

JAN 2013 JAN 2015

Page 21: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

2013 Sales Structure

•  CRO •  VP East + VP West •  Sales Operations

–  Director of Sales Ops & Enablement –  CRM Specialist, Sales Development, and Operations

•  RSM-ISR + 0.75 SE –  Team Commission

•  BDRs / ADRs / SDRs pick your acronym

1/28/14 Confidential 21

Page 22: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Pricing Page: Still Iterating

1/28/14 Confidential 22

Page 23: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Invest in Growth

1/28/14 Confidential 23

0

10

20

30

40

50

60

70

2010 2011 2012 2013

Headcount

•  Rep Ramp •  Awareness •  Engineering

Page 24: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Select Crittercism Customers

Technology E-Commerce Internet Financial Gaming Media Health

1/27/14 Confidential 24

Page 25: From Dev to Enterprise Sales - Heavybit startup is developing a tool for iphone developers and I wanted to see if it'd be useful for iNomadics. The company is called Crittercism and

Thank you.

1/27/14 Confidential 25