John Somorjai of Salesforce on what kills company acquisition deals, from attrition hiding behind AR...
a16z(@a16z) · 商业与创投
John Somorjai of Salesforce on what kills company acquisition deals, from attrition hiding behind ARR to a veto from the security team: "It's really important that you're ready and you're organized so that the data is flowing and it doesn't look like you're having trouble getting access to data." "One of the mistakes that a lot of founders are making these days is they focus on one metric alone, which is ARR. And ARR is a wonderful metric, but it masks attrition." "When you meet with a company that has very high attrition, that usually means that there are a lot of not just unhappy customers, but there might be some product quality issues as well." "We have 14 functions that we work with on all of our diligence processes, and security is the one function that can hold up the red flag and say, 'I'm killing this deal.'" "You definitely want to identify the vulnerabilities before we do." "Nothing goes better in a process when a company is totally buttoned up... But when they don't, that's when, you know, deals can die." @jsomorjai @aleximm Your browser does not support the video tag. 🔗 View on Twitter a16z @a16z Salesforce's John Somorjai has spent more than 20 years doing deals for Marc Benioff, from Slack to six rounds of Anthropic, and runs a venture arm that has backed more than 750 companies. His playbook is finding great technology that's starved for distribution and plugging it into 15,000 sales reps. Salesforce piloted Fin on its own help site, where it went live in 14 days and now handles over 40% of the traffic, resolving 65% without a human. John joins a16z's Alex Immerman to discuss why Slack revenue is up almost 3x since the acquisition, how strong revenue can hide the churn that kills deals, the pen test that got into a CEO's laptop, and why robotics is where he's most excited to invest. 0:58 How Marc Benioff spots what to buy 3:48 The 3 tests for every acquisition 5:17 Salesforce's model as AI cuts seats 8:23 Fin resolves 65% with no human 10:32 The powe