How to Use Sales Hustle to Build a Profitable 7-Figure SaaS Business
Steli Efti is the co-founder and CEO of Close.io, a Y Combinator startup that helps to improve communication and customer management for salespeople.
Key Talking Points
- How Steli first founded Elastic, a company that provided a sales team on demand to startups and why that was critical to the success of Close.io.
- How an internal tool the company had built and used with their own salespeople for 2 years started to shake things up for Elastic.
- Why Steli and his co-founders didn't worry about the competition in the market including Salesforce, the 800-pound gorilla.
- How Close.io rapidly acquired customers and generated revenue without salespeople and by ‘out-teaching' their competitors.
- Why Steli believes that looking for a ‘great idea' before you get started with your business is a bad idea.
Success Quote
- “I tell my kids, what is the difference between a hero and a coward? What is the difference between being yellow and being brave? No difference. Only what you do. They both feel the same. They both fear dying and getting hurt. The man who is yellow refuses to face up to what he’s got to face. The hero is more disciplined and he fights those feelings off and he does what he has to do. But they both feel the same, the hero and the coward. People who watch you judge you on what you do, not how you feel.”
– Cus D'amato (Legendary Boxing Trainer)
Book Recommendation
- “The Paypal Wars” by Eric M. Jackson
Links & Resources Mentioned
Contact Information
Recommended Podcast Episodes
- Almanac: Overcoming Horizontal Product Challenges - with Adam Nathan [364]
- AMP: Speed and Customer Focus in Building an 8-Figure SaaS - with Patrick Barnes [408]
- Building an 8-Figure SaaS by Focusing on One Market - with Dave MacLeod [298]
- From Struggling Bootstrapper to $10M+ SaaS CEO - with Ryan Fyfe [294]
- A Guide to SaaS Customer Success: Reduce Churn & Grow Revenue - with Nick Mehta [267]
- Getting Your SaaS Product Messaging Right - with Robin van Lieshout [242]
- PatSnap: Surviving Tough Times as a First Time SaaS Founder - with Jeffrey Tiong [266]
- Overcoming the Challenges of a Female-Founded SaaS Startup - with Rachel Liaw [253]
- Profitwell: Bootstrapping from Zero to a $200 Million Exit - with Patrick Campbell [327]
- Kumospace: From $1M ARR to a Pivot Driven by Churn - with Brett Martin [384]