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Sam Blond: Why Startups are Doing Outbound Wrong and How to Fix It | E1139

Sam Blond is the former CRO at Brex, where he led the company from near $0-$400M in ARR and a $12.5B valuation. Before Brex, Sam was VP of Sales at Zenefits, where he led the company from $0-$70M ARR in 2 years and a $4.5B valuation. Sam joined Founders Fund as a Partner in 2022 and recently left to focus more on operating. ----------------------------------------------- Timestamps: (0:00) Intro (01:15) Entry into Tech Sales (03:10) Lessons Learned from Early Career (07:13) Sequencing Sales Hires (09:27) Sales Hiring Process & Profile (13:03) Sourcing Sales Candidates (19:13) Onboarding Sales Reps (29:28) Measuring Success & Performance (33:13) Hiring Mistakes (35:10) Diagnosing Bottlenecks in Growth (42:13) Importance of AE’s Sourcing Revenue (46:19) Outbound Strategies (52:04) Scaling Sales Function with ACVs (54:04) The Role of AI in Outbound (56:30) The Importance of Human Creativity (01:08:46) Quick-Fire Round ----------------------------------------------- In Today’s Episode with Sam Blond We Discuss: 1. Lessons From Scaling Brex to $400M ARR & Zenefits to $70M ARR: What are the secrets that very few people know, that led to the success of Brex and Zenefits? What was the single worst sales investment Brex made? What was the best? What are Sam’s biggest tips to people picking the rocketship they will join? 2. Who, What and When to Hire: When is the right time to hire your first sales rep? Should the founder be the one to create the sales playbook? What is the right profile for the first sales hire? Does it matter if the new hire has domain experience? Why does Sam always advocate to hire through network and not recruiters? 3. How to Hire the Best Sales Reps: What are the questions Sam always asks in interviews with sales hires? Does Sam do case studies with candidates? What is he looking for? What are the biggest green and red flags a candidate can show in an interview process? What are the biggest mistakes founders make when hiring sales teams? 4. How to Have the Best Performing Sales Team: What are the three ways to measure the success of a rep in the first 30-60 days? Why does Sam believe most startups are doing outbound wrong? What should they change? Why does Sam believe demand gen is the bottleneck for all companies? What can be done to solve the demand gen challenge? How does outbound change in a world of AI? ----------------------------------------------- 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 Sam Blond on Twitter: https://twitter.com/samdblond Follow 20VC on Instagram: https://www.instagram.com/20vchq 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 ----------------------------------------------- #20vc #harrystebbings #samblond #brex #foundersfund #zenefits #cro #founder #venturecapital #salestips #investing #sales #hiring #hiringtips #outbound

Sam BlondguestHarry Stebbingshost
Apr 11, 20241h 15mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

Sam Blond Reveals Why Startup Outbound Fails—and How To Fix It

  1. Former Brex and Zenefits CRO Sam Blond explains why most startups misdiagnose their sales bottleneck and dramatically underinvest in demand generation, particularly smart outbound. He argues founders must sell first, then hire two proven early-stage AEs, and obsess over opportunity creation rather than blaming missed quarters on slipped deals.
  2. He details how to hire, compensate, and ramp early sales reps, what profiles to avoid, and how to use personal networks instead of recruiters to source top performers. Blond also shares frameworks for diagnosing growth constraints, designing contrarian outbound and marketing campaigns, and aligning SDR/AE models to revenue, not activity.
  3. Throughout, he emphasizes work ethic, attitude, in‑person relationship-building, and creative, highly targeted demand-gen plays—from champagne and billboards to Rippling’s NPS-powered LinkedIn posts—over spray-and-pray sequences and overbuilt, uneconomic sales orgs.

IDEAS WORTH REMEMBERING

5 ideas

Founders must close the first non–friends-and-family customers before hiring sales.

If a founder can’t sell the product and define a repeatable process to win a handful of real customers, no sales hire will magically fix that; salespeople amplify existing motion, they don’t create it from zero.

Your first two AEs should be top performers from early-stage startups, not domain experts from big brands.

Prior success as one of the first ~10 reps at a startup, with similar deal sizes and buyer types, matters far more than industry familiarity; over-indexing on “domain experience” usually means trading away true selling talent.

Source early sales hires through personal and investor networks, not recruiters.

The best AEs rarely go through third-party recruiters; systematically working founders’ past companies, current team networks, and investor referrals yields higher-performing, culturally aligned hires and creates a virtuous referral loop.

Most startups’ real bottleneck is demand generation, not closing skills.

Founders tend to blame missed targets on a few slipped deals, but in reality calendars show AEs with only an hour a day of customer-facing time; doubling qualified opportunities is often far easier and more impactful than trying to 2x win rates.

Make AEs responsible for sourcing their own pipeline and tie SDRs to revenue, not just meetings.

AEs understand what a high-quality opportunity looks like, so their outbound often outperforms SDRs; shifting SDR comp and targeting to revenue and proven high-converting personas fixes this while preserving AEs’ outbound muscle.

WORDS WORTH SAVING

5 quotes

For almost all startups, the bottleneck to growing faster is actually around demand gen—opportunity creation.

Sam Blond

If you, as the founder, cannot close customers and generate revenue, people that specialize in sales will definitely not be able to.

Sam Blond

Where people over-index is domain… it’s already so hard to find an exceptional early-stage, track-record-of-performance sales rep.

Sam Blond

Everybody is doing outbound wrong… they drop the universe into a seven-email sequence and it goes right into the trash.

Sam Blond

Today’s salespeople have gotten a little bit lazy… we’ve become overly dependent on marketing and SDRs to source our own leads.

Sam Blond

Choosing and joining the right startup for a sales careerSequencing and profiling early sales hires (founder-led selling, first AEs, first sales leader, SDRs)How to compensate, onboard, and measure performance of early sales repsCorrectly diagnosing growth bottlenecks: demand generation vs. conversionDesigning effective outbound: concentric-circle targeting and contrarian campaignsStructuring SDR–AE responsibility for pipeline and revenueImpact of AI, remote work, and changing expectations on modern sales

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