Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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From Impossible to Inevitable

From Impossible to Inevitable

Aaron Ross, Jason Lemkin
2016
T3 336 pages · about 5h 36m to read Open Librarygoodreads

The SaaS growth playbook: niche, funnel, hiring cadence.

Summary

Ross, who built the outbound sales model at Salesforce and wrote Predictable Revenue, and Lemkin, who founded EchoSign and writes on software sales, set out seven components they argue are required for a business-to-business software company to grow at high rates repeatably.

The seven are: nail a niche, meaning dominate a defined segment before broadening, which they treat as the most common failure; create predictable pipeline, using the specialised sales roles Ross developed at Salesforce in which prospecting, closing and account management are separate jobs; make sales scalable through repeatable process and documented playbooks; double customer lifetime value through retention, expansion and pricing rather than through new acquisition; embrace employee ownership, meaning give people accountability for outcomes rather than tasks; define your destiny, meaning set the goal and work backward; and do the time, meaning accept that the growth takes years longer than founders expect.

The most substantive content is on sales specialisation and on niche selection. Ross's argument that a single salesperson doing prospecting and closing will always default to closing, which starves the pipeline, is the operational insight behind the sales development representative role that became standard practice.

The book is practitioner advice with no evidence base beyond the authors' experience and their clients. It is specific to business-to-business software with a defined sales motion and does not apply to product-led or consumer businesses. The prescriptions are stated as rules without the conditions under which they hold.

Key takeaways 7

  1. Failing to dominate a defined niche before broadening is the most common cause of stalled growth in business-to-business software.
  2. A salesperson responsible for both prospecting and closing will always default to closing, which starves the pipeline and makes growth unpredictable.
  3. Separating prospecting, closing and account management into distinct roles is what makes pipeline generation measurable and repeatable.
  4. Customer lifetime value is increased more reliably through retention, expansion and pricing than through new customer acquisition.
  5. Growth that appears sudden from outside took years of unglamorous work that the founders themselves underestimated at the start.
  6. Accountability should be assigned for outcomes rather than for activities, since activity metrics are met without the outcome being achieved.
  7. Setting a specific growth target and working backward to what it requires exposes whether the current approach can produce it.

Who should read it

Founders and sales leaders in business-to-business software building a repeatable pipeline and sales organisation.

Who recommended it 1

David Cancelreported

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Where it sits in the reference 2

Business models
Business models

Topics

Sales and MarketingEntrepreneurship and StartupsGrowth, Sales and MarketingSelling and customer service