20 Sales: How To Structure The Interview Process for All Sales Reps, The Must-Ask Questions When Identifying Potential Sales Talent & The 3 Biggest Mistakes Founders Make When Hiring Their First Reps with Lauren Schwartz, VP of Enterprise Sales @ Fivetran
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 19 October 2022
⏱️ 48 minutes
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Summary
Lauren Schwartz is Vice President of Enterprise Sales at Fivetran, the leading platform for modern data movement. She has helped scale Fivetran's enterprise business from its infancy to a team of nearly 100, while more than tripling enterprise revenues. Previously, Lauren spent close to 4 years at Segment where she started as the first female AE and ultimately built and led sales teams in enterprise and growth. Lauren earned an MBA from Stanford Graduate School of Business after 6 years at Google where her enterprise sales career began.
In Today's Episode with Lauren Schwartz:
1.) How Being Rejected as an Eighth Grader Can Lead to World Class Sales Leader:
- How Lauren made her way into the world of enterprise sales with Google?
- Why, for a while, Lauren wanted to get away from the label of a salesperson? Why "salesperson" does not do the job of sales justice?
- Why does Lauren believe that one of the core traits the best salespeople have is being able to cope with rejection? How has Lauren been rejected? How did she respond? What changed their mind?
2.) The Sales Playbook: What, Who, When:
- How does Lauren define the term "sales playbook"? What are the nuances?
- Does Lauren believe the founder should always be the first sales rep? What are the core signs that a founder is now ready to bring in their first sales hires?
- What are the 3 biggest mistakes founders make when they hire their first sales reps?
- What are the core traits that the best early sales reps have?
3.) The Hiring Process: Building the Best Sales Team:
- How does Lauren structure the hiring process?
- What are the most unconventional but useful questions Lauren uses to determine the depth and quality of potential sales hires?
- What are the glaring red flags that Lauren looks for in this interview process?
- How does Lauren use case studies and deal reviews in the interview process to determine the quality of a candidate?
4.) Scaling the Machine: The Onboarding Process:
- What are the single biggest mistakes founders make when onboarding sales reps?
- How should sales team onboarding be structured?
- What materials should the founder have in place for the sales team to learn from on Day 1?
- How can sales leaders ensure new sales team members engage across functions?
Transcript
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| 0:00.0 | 20 Sales. This is the monthly show where we sit down with the world's best sales leaders to unpack how to build sales teams, how to scale revenues, how to create a reliable and a repeatable sales machine and playbook. And today I'm joined by Lauren Schwartz. |
| 0:13.7 | Lauren is vice president of Enterprise Sales at 5Tran, the company that allows you to centralize your data in minutes, not months. |
| 0:20.5 | Prior to 5Tran, |
| 0:21.5 | Lauren spent close to four years as Senior Director of Enterprise Sales at Segment. And before Segment, |
| 0:26.5 | Lauren spent an incredible six years in different roles within Google's sales. I do also have to say |
| 0:31.0 | a huge thank you to Jeannia at Miro and Jordan at Monte Carlo. Some amazing questions suggestions |
| 0:35.9 | today. It really did make such a difference. |
| 0:38.3 | But before we dive into the show's day, have you ever wondered how revenue intelligence experts |
| 0:43.0 | gong run their own revenue planning? They use pigment. Pigment is the integrated planning |
| 0:48.4 | platform that allows you to make decisions you can trust fast. Pigment integrates with your sales data, |
| 0:54.0 | your CRM for your pipeline, your H-R-I-S for |
| 0:57.1 | your own open headcount, your financial data to give you accurate real-time reports and |
| 1:01.6 | dashboards, and pigment is designed to be used by leaders like you. |
| 1:05.3 | From sales to finance to HR and marketing, Pygments What-if analyses are a true |
| 1:10.1 | game changer to model any type of scenario |
| 1:12.5 | and understand what will happen to your target attainment if, say for example, you can't hire |
| 1:17.3 | those 20 open reps, or if your cost of sales goes up by 20%, or drops by 20%, legacy tools make |
| 1:24.0 | this painful and obscure. With you needing to ask third parties, state days or weeks |
| 1:28.2 | to crunch the numbers for you. With pigment, you can do it all yourself in minutes and make the |
| 1:32.5 | decisions you need. And that's why companies like Figma, Gong, Deliveroo, and many more trust |
| 1:37.5 | pigment. Visit gopigment.com forward slash two zero VC to request a demo. What's more? If you |
| 1:43.4 | use that link in the next 30 days, the team has |
... |
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