Why Anthropic Are Causing a Comp Crisis & Why You’d Never Hire From Salesforce or ServiceNow

Chad Peets is one of the most straight-talking, no BS sales leaders of our time. Today, he partners with founders of the fastest growing companies in the world, like Harvey, Factory to build the best sales teams in a world of AI. Chris Degnan is a legendary technology sales leader who achieved the historic feat of scaling Snowflake from $0 to $4BN in ARR. ----------------------------------------------- Timestamps: 00:00 Intro 01:53 Chad & Chris Coming Together: What They're Building 03:37 Even the Best Product Leaves Money on the Table Without Great Salespeople 05:00 Order Takers vs Hunters: How to Tell the Difference in an Interview 07:05 Domain Expertise vs Sales DNA: Which Hire Wins? 09:25 How to Set Quotas: The Risk of Going Too High vs. Too Low 12:46 Raising a Round Means Nothing: How to Keep CEOs Grounded 20:00 Are VCs Any Good on Boards? Mostly No 32:23 When in Doubt There Is No Doubt: How to Fire Quickly & Kindly 34:08 Forecasting in Hypergrowth: The Bottoms-Up Approach 36:20 Snowflake's Biggest Mistake: They Should Have Kept Hiring 41:49 99% of VCs Have Never Operated: Why That's a Board Problem 53:16 Seat-Based Pricing Is Dying: The Shift to Consumption 54:54 Is This Generation of Sales Rep Soft? 58:12 Why European Founders Struggle to Build World-Class Sales Teams 01:13:07 Quick-Fire Round ---------------------------------------------------------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZ... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Harry Stebbings on X:   / harrystebbings   Follow Chris Degnan on X:   / cwdegnan   Follow 20VC on Instagram:   / 20vchq   Follow 20VC on TikTok:   / 20vc_tok   Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/con... ----------------------------------------------- Legal Disclaimer: The content of this podcast is for informational and entertainment purposes only and does not constitute financial or investment advice. Any discussion of stocks, public markets, or investment strategies reflects the personal opinions of the speakers and should not be relied upon when making investment decisions. Figures, valuations, and financial data referenced may be estimates or subject to error. Always consult a qualified financial adviser before making any investment decision. The views expressed are those of the individual speakers and do not represent the views of 20VC or its affiliates. ----------------------------------------------- #20vc #harrystebbings #chadpeets #chrisdegnan #snowflake #sales #hiring #ai #salesforce #servicenow #anthropic