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Lessons Learned from Hired CEO:
How to Move from Transactional
to Recurring Revenue
Mehul Patel
CEO
Hired
@twitter
Mehul Patel
CEO
Hired
@twitter
Lessons Learned from Hired CEO: How to Move from
Transactional to Recurring Revenue
Convergence of Marketplaces + SaaS Business Model
?
1990s
No real marketplaces yet
— they were listings for
everything
2000s–2010s
Marketplaces exploded
— we had better listings
and marketplaces
evolved to transaction
and service platforms
NOW
What’s next for 2018 and
beyond?
Where SaaS & the Marketplace Model Creates Magic
Annual Recurring Revenue
A Pyramid is Worth
a Thousand Words
Values Team
Go To
Market
Roadmap
Customer
Success
Invest Trade-OffsMetrics
Customer
Industry
Press
How we tell our story
How we serve customers
How we work
Who are we
Who are we
Go To
Market
Roadmap
Customer
Success
Invest Trade-OffsMetrics
Customer
Industry
Press
How we tell our story
How we serve customers
How we work
Leverage your
company values
to drive stability.
1
Values Team
Who are we
Go To
Market
Roadmap
Customer
Success
Invest Trade-OffsMetrics
Customer
Industry
Press
How we tell our story
How we serve customers
How we work
Hire people
strategically.
2
Values Team
How we work
Values Team
Go To
Market
Roadmap
Customer
Success
Customer
Industry
Press
How we tell our story
How we serve customers
Who are we
Divide and conquer
your goals? Your
workforce? Your
team?
3
Invest Trade-OffsMetrics
How we work
Values Team
Go To
Market
Roadmap
Customer
Success
Customer
Industry
Press
How we tell our story
How we serve customers
Who are we
Set core operating
business metrics —
you focus on what
you measure.
4
Invest Trade-OffsMetrics
How we work
Values Team
Go To
Market
Roadmap
Customer
Success
Customer
Industry
Press
How we tell our story
How we serve customers
Who are we
Create a decision
framework.
5
Invest Trade-OffsMetrics
How we serve customers
Values Team
Invest Trade-OffsMetrics
Customer
Industry
Press
How we tell our story
How we work
Who are we
Find your pricing
sweet spot.
6
Go To
Market
Roadmap
Customer
Success
How we serve customers
Values Team
Invest Trade-OffsMetrics
Customer
Industry
Press
How we tell our story
How we work
Who are we
Decouple new
business and
upsells/retention.
7
Go To
Market
Roadmap
Customer
Success
How we serve customers
Values Team
Invest Trade-OffsMetrics
Customer
Industry
Press
How we tell our story
How we work
Who are we
Build a roadmap
that drives lock-in.
8
Go To
Market
Roadmap
Customer
Success
How we tell our story
Values Team
Go To
Market
Roadmap
Customer
Success
Invest Trade-OffsMetrics
How we serve customers
How we work
Who are we
Bring the market to
you through
strategic
storytelling
9
Customer
Industry
Press
How we tell our story
Values Team
Go To
Market
Roadmap
Customer
Success
Invest Trade-OffsMetrics
How we serve customers
How we work
Who are we
Listen to your
customers.
10
Customer
Industry
Press
10 Things to do when Moving from Transactional to
Recurring Revenue
1. Leverage your company values to drive stability.
2. Hire people strategically.
3. Divide and conquer your goals? Your workforce? Your team?
4. Set core operating business metrics — you focus on what you measure.
5. Create a decision framework.
6. Find your pricing sweet spot.
7. Decouple new business and upsells/retention.
8. Build a roadmap that drives lock-in.
9. Bring the market to you through strategic storytelling.
10. Listen to your customers.
THANK YOU
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(If you need ’em)
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Lessons from Hired CEO: How to Move from Transactional to Recurring Revenue

  • 1. Lessons Learned from Hired CEO: How to Move from Transactional to Recurring Revenue Mehul Patel CEO Hired @twitter
  • 2. Mehul Patel CEO Hired @twitter Lessons Learned from Hired CEO: How to Move from Transactional to Recurring Revenue
  • 3. Convergence of Marketplaces + SaaS Business Model ? 1990s No real marketplaces yet — they were listings for everything 2000s–2010s Marketplaces exploded — we had better listings and marketplaces evolved to transaction and service platforms NOW What’s next for 2018 and beyond?
  • 4. Where SaaS & the Marketplace Model Creates Magic Annual Recurring Revenue
  • 5. A Pyramid is Worth a Thousand Words Values Team Go To Market Roadmap Customer Success Invest Trade-OffsMetrics Customer Industry Press How we tell our story How we serve customers How we work Who are we
  • 6. Who are we Go To Market Roadmap Customer Success Invest Trade-OffsMetrics Customer Industry Press How we tell our story How we serve customers How we work Leverage your company values to drive stability. 1 Values Team
  • 7. Who are we Go To Market Roadmap Customer Success Invest Trade-OffsMetrics Customer Industry Press How we tell our story How we serve customers How we work Hire people strategically. 2 Values Team
  • 8. How we work Values Team Go To Market Roadmap Customer Success Customer Industry Press How we tell our story How we serve customers Who are we Divide and conquer your goals? Your workforce? Your team? 3 Invest Trade-OffsMetrics
  • 9. How we work Values Team Go To Market Roadmap Customer Success Customer Industry Press How we tell our story How we serve customers Who are we Set core operating business metrics — you focus on what you measure. 4 Invest Trade-OffsMetrics
  • 10. How we work Values Team Go To Market Roadmap Customer Success Customer Industry Press How we tell our story How we serve customers Who are we Create a decision framework. 5 Invest Trade-OffsMetrics
  • 11. How we serve customers Values Team Invest Trade-OffsMetrics Customer Industry Press How we tell our story How we work Who are we Find your pricing sweet spot. 6 Go To Market Roadmap Customer Success
  • 12. How we serve customers Values Team Invest Trade-OffsMetrics Customer Industry Press How we tell our story How we work Who are we Decouple new business and upsells/retention. 7 Go To Market Roadmap Customer Success
  • 13. How we serve customers Values Team Invest Trade-OffsMetrics Customer Industry Press How we tell our story How we work Who are we Build a roadmap that drives lock-in. 8 Go To Market Roadmap Customer Success
  • 14. How we tell our story Values Team Go To Market Roadmap Customer Success Invest Trade-OffsMetrics How we serve customers How we work Who are we Bring the market to you through strategic storytelling 9 Customer Industry Press
  • 15. How we tell our story Values Team Go To Market Roadmap Customer Success Invest Trade-OffsMetrics How we serve customers How we work Who are we Listen to your customers. 10 Customer Industry Press
  • 16. 10 Things to do when Moving from Transactional to Recurring Revenue 1. Leverage your company values to drive stability. 2. Hire people strategically. 3. Divide and conquer your goals? Your workforce? Your team? 4. Set core operating business metrics — you focus on what you measure. 5. Create a decision framework. 6. Find your pricing sweet spot. 7. Decouple new business and upsells/retention. 8. Build a roadmap that drives lock-in. 9. Bring the market to you through strategic storytelling. 10. Listen to your customers.
  • 18. ICON LIBRARY (If you need ’em)
  • 19.
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  • 24. Convergence of Marketplaces + SaaS Business Model • Your amazing content goes here.
  • 25. • Your amazing content goes here. Write Your Great Title Here