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Doug Adamic: Why Discounting is BS; How to Reduce Sales Cycles and Create Urgency | E1058

Doug Adamic is the CRO @ Brex and leads the company’s revenue and growth strategy. Prior to Brex, Doug was most recently the Chief Revenue Officer at SAP Concur, a provider of travel spend management solutions and services. During his 16-year tenure oversaw an organization of 600+ employees. He was responsible for all aspects of revenue, generating go-to-market strategies and departments. Prior to SAP Concur, he had a five-year tenure as an Enterprise Sales Manager for Kronos, Inc. ----------------------------------------- Timestamps: (0:00) Doug Adamic’s Sales Journey (9:22) Creating Effective Sales Goals (17:33) Unlocking the Art of Sales Discovery (35:45) The Perfect Sales Playbook (41:42) Today’s Sales Environment (50:10) Hardest Part of Being CRO (58:54) Quick-Fire Round ----------------------------------------- In Today’s Episode with Doug Adamic We Discuss: 1. Entry into Sales: Does Doug believe that love of sales is innate or can be learned? When did he discover his love? What does Doug know now about sales he wish he had known when he started? What are 1-2 of his biggest takeaways from leading 600+ people at SAP? 2. Discovery, Pipeline and Qualification: What are the three core reasons why companies buy software today? How do the best sales teams use those needs to get deals done fast? What does great sales discovery mean today? Why do you have to make customers feel uncomfortable to understand their true needs? What are the biggest mistakes sales teams make when asking questions, determining customer pain, willingness to pay etc etc? Why does Doug believe that everyone in the company is responsible for demand creation? What are the core pillars to success in qualification? Where do so many go wrong? 3. Getting Deals Done: Why does Doug disagree that now is the hardest time to be selling? Are companies buying new software today? What is the secret to opening up organizations that say they are not open for buying new software? How can sales teams create multiple champions in a prospect? How can they determine who is really a buyer vs who is an influencer in a prospect? What are the biggest tactics that can be used to reduce sales cycles and create urgency in a sales process? 4. Discounting, Trust and Deal Reviews: What is a good reason to lose a deal? What is a bad reason to lose a deal? How does Doug and Brex conduct deal reviews? What makes a good vs a bad deal review? What is the fastest way to lose trust either with prospects or with customers? Why does Doug believe discounting is BS and should not be used? ------------------------------------------------------ Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on Twitter: https://twitter.com/HarryStebbings Follow 20VC on Instagram: https://www.instagram.com/20vc_reels Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ---------------------------------------- #DougAdamic #Brex #HarryStebbings #20vc #sales

Harry StebbingshostDoug Adamicguest
Sep 8, 20231h 1mWatch on YouTube ↗

CHAPTERS

  1. 0:00 – 1:48

    From finance to first sales role: how Doug learned to love selling

    Doug shares how he stumbled into sales from a finance/accounting start and found his footing at Cintas through strong training and early wins. He explains why sales is often something you grow to love as you understand the craft of driving customer outcomes.

    • Early career in finance/accounting before switching paths
    • First sales job at Cintas and the impact of structured training
    • Sales as a learned love: appreciating nuance, complexity, and reward
    • Entrepreneurial spirit and outcome-orientation as core sales traits
  2. 1:48 – 4:52

    16 years across Concur and SAP: selling disruption and changing buying criteria

    Doug breaks down his long tenure into distinct chapters: scaling Concur through hypergrowth and then learning global scale inside SAP. He emphasizes lessons about sticking with disruptive ideas and reframing how buyers evaluate solutions.

    • Concur growth journey (mid-size to nearly $1B) and acquisition by SAP
    • Navigating disruptive category creation amid market skepticism
    • Core lesson: change buying criteria to lead to your product
    • The compounding value of strong leaders and coaching
  3. 4:52 – 8:01

    Listening as a sales superpower: mindful discovery and call coaching

    Doug explains what “great listening” really means—being centered, dropping assumptions, and staying genuinely curious about how customers operate. He also details how teams review recorded calls by breaking them into specific steps to assess discovery quality and insight capture.

    • Listening rooted in genuine curiosity about customer operations
    • Being present: removing preconceived notions to connect deeply
    • Recording and reviewing calls via enablement-led frameworks
    • Evaluating discovery by whether it unlocks unique information
    • Turning insights into a buying-criteria shift toward your solution
  4. 8:01 – 9:21

    “Pipeline is our air”: making demand creation everyone’s job

    Doug argues pipeline can’t be “owned” by marketing alone; demand creation must be shared across the go-to-market org. He ties pipeline to a broader operating model: create demand, convert profitably, and protect/grow the customer base.

    • Pipeline as existential oxygen for growth organizations
    • Demand creation as a shared responsibility across functions
    • Three GTM objectives: demand creation, profitable conversion, customer growth/protection
    • Aligning teams around consistent contribution to pipeline
  5. 9:21 – 12:40

    Setting pipeline goals that actually map to revenue (quality over 5–7x volume)

    Doug explains how to set pipeline goals by source, attributes, and stage conversion—not vanity lead counts. He challenges the blanket “5x pipeline” rule and argues that strong conversion and customer-base expansion can reduce the need for excess top-of-funnel volume.

    • Start with pipeline sources (inbound, partner, self-gen, referrals)
    • Define pipeline attributes and measure conversion at each stage
    • Use channel/message conversion rates to tune GTM levers
    • Rejecting generic “5x/7x pipeline” targets in favor of effectiveness
    • Quality and conversion predictability can outperform raw volume
  6. 12:40 – 16:02

    Demand creation in tighter markets: more touches, more precision, less “herky-jerky”

    In response to the “2023 is harder than 2021” framing, Doug argues tough times can be the best time to create demand—if the value proposition is tied to urgent business realities. He notes modern buyers require far more touches before engaging and warns against rushing prospects prematurely.

    • Competing for total share-of-wallet, not just direct competitors
    • Strong value proposition and outcome clarity as the unlock in downturns
    • Lead-to-demand patterns now require many more touches (e.g., 16–20 vs 4–5)
    • Avoiding premature pressure that “flings them off the hook”
    • Process discipline and timing as core demand-generation advantages
  7. 16:02 – 24:40

    Multi-threaded selling: finding real buyers, building champions, using constructive tension

    Doug describes modern sales as “threading multiple needles with one toss,” requiring precise execution across many stakeholders. He shares practical ways to identify whether you’re speaking to a true buyer and explains why constructive tension is often necessary to create alignment and momentum.

    • Precision from the first ‘hello’—no wasted words or steps
    • How to validate buyer status (ask about last similar purchase and listen)
    • Using data/patterns to predict buying journeys and coach reps
    • Creating multiple champions without being transactional
    • Constructive tension as a feature, not a bug, in disruptive selling
  8. 24:40 – 33:13

    Creating urgency without discounting: cycle time, deal size, and compelling events

    Doug outlines urgency as the quantified cost of waiting—saving/making money or time with clear financial impact. He argues discounting creates bad precedents and distracts from the core levers that matter: average deal size, cycle time, and conversion rate.

    • Urgency comes from quantified impact of delay (cash/time/value)
    • Three buying triggers: trouble now, trouble coming, or desire to be a hero
    • Discounting undermines value clarity and long-term pricing power
    • Focus levers: increase deal size, shrink cycle time, improve conversion
    • A strong discovery process is prerequisite to defensible pricing
  9. 33:13 – 36:22

    Sales playbooks that work: sequenced steps, checklists, and when to update them

    Doug defines a playbook as a sequenced customer experience with criteria gates and checklists that must be completed before progressing. He explains how to capture “residue” signals from the field, decide when changes are needed, and roll out updates without disrupting quarterly execution.

    • Playbook = steps + checklists + completion criteria before moving on
    • Skipping steps shows up later as deal friction or broken promises
    • Cataloging field signals and patterns to inform playbook tweaks
    • Change management cadence: avoid mid-quarter disruption
    • Balancing continuous improvement with business continuity
  10. 36:22 – 43:20

    Motivating teams, executive involvement, and the sales-to-CS handoff flywheel

    Doug shares a values-driven approach to motivation: tie professional execution to personal aspirations and the rarity of being at a high-leverage company moment. He also discusses executive sponsorship strategy and details a rigorous sales-to-service-to-CS handoff built around delivering promised outcomes.

    • Inspiration rooted in personal goals, purpose, and “rare moment” urgency
    • Building sustainable orgs vs. short-term hype motivation
    • Executive sponsorship for marquee accounts (not always the CEO)
    • Handoff design: capture discovery, pass cleanly to implementation, introduce CS early
    • Outcome delivery as the trust engine for renewals and expansion
  11. 43:20 – 50:15

    Deal reviews, losing well, and preventing “it slipped to next quarter” surprises

    Doug walks through a structured deal review process led by frontline managers, focused on gaps in information and decision paths. He distinguishes acceptable loss reasons (no unique problem fit, uncontrollables) from unacceptable ones—especially being surprised—and explains how mutual close plans improve forecast predictability.

    • Deal reviews: challenges, stakeholder coverage, data gathered, path to decision
    • Good losses: no unique fit, external events like acquisitions/divestitures
    • Bad losses: surprises (missed stakeholders, hidden constraints, late revelations)
    • Time kills deals—optimize cycle time toward fast ‘yes or no’
    • Close plans and constructive tension reduce quarter slip risk
  12. 50:15 – 1:01:36

    The human side of CRO leadership: systems over heroics, hiring mistakes, AI, and quick-fire

    Doug reflects on the hardest part of CRO life: unpredictable human dynamics at scale. He explains how his leadership evolved from leaderboard chasing to building systems, calls out common hiring/support mistakes founders make, shares his view on AI’s near-term impact, and closes with rapid-fire opinions on modern sales.

    • Hardest CRO challenge: people and unpredictability at scale
    • Leadership evolution: build infrastructure that produces quota-crushing as a byproduct
    • Hiring balance: industry expertise + clean-slate segment sellers
    • Founders’ mistake: underinvesting in enablement/supporting cast for reps
    • AI will reduce friction via pattern detection, call analysis, and smarter outreach
    • Quick-fire: value selling endures; feature-first selling fades; relationships now built more through insight than entertainment

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