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Leading a GTM team

When do I hire a VP of Sales, and what happens to me after I do?

Most founders are ready around one to two million dollars of ARR, once a couple of reps are already selling successfully and you have a process worth scaling. The bigger mistake is what happens next: Jason Lemkin's estimate is that about two thirds of founders step out of sales entirely after this hire and it backfires almost every time. Your new VP needs months to learn the product and the market, your customers still want the founder in the big deals, and your credibility is part of what closes. So do not reduce your sales hours, redirect them, towards the largest deals, key relationships and unblocking the team. Also expect a real failure rate on this hire and plan for it rather than being shocked by it.

Go deeper

3 resources, 3 link-checked.

📄 Article
✓ Link checked Free Intermediate

The mistake is not the hire, it is stepping out of sales afterwards, which Lemkin reckons about two thirds of founders do and which backfires almost every time. Six specific reasons your presence still matters, plus where to redirect your hours instead.

The #1 Mistake I See Founders Make When They Hire Their First VP of Sales

From SaaStr by Jason Lemkin short read

  • 66 percent of founders step back from sales after hiring a VP of Sales, and it backfires 95 percent of the time.
  • Getting the first VP of Sales wrong sets you back a year and burns half your cash.
  • Only hire the VP after two individual reps are really closing and hitting quota.
  • Plan to spend the same hours on sales after the hire, just redirected to bigger deals and relationships.
Open saastr.com
📄 Article
✓ Link checked Free Intermediate

A four phase model for handing off sales, with a clear warning that most of the damage comes from adding closers too early. Short enough to read before your next hiring decision and specific enough to change it.

Evolving From Founder Selling To A Sales Team

From aprildunford.com by April Dunford short read

  • The common mistake is adding account managers and closers too early, before the process is repeatable.
  • Hiring a well-connected senior seller while you are still building a suspect list is almost always wrong.
  • Hire an inside BDR to book qualified meetings first: lower risk and easier to hire than a closer.
  • Once the funnel works, a rep's contact book matters far less than their ability to build relationships and close.
Open aprildunford.com

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