Hi, you're listening to The Get, the podcast about
Erica Seidel:finding -- and keeping -- great marketing leaders in B2B SaaS.
Erica Seidel:I'm Erica Seidel, your host.
Erica Seidel:A lot of CEOs and boards, especially in private-equity-backed businesses,
Erica Seidel:expect marketing to be a sort of dollar-in/dollar-out proposition.
Erica Seidel:How reasonable is that when you need to build a brand for the long term?
Erica Seidel:Today, you'll hear from a marketing leader with a lot of advice on
Erica Seidel:how to articulate the value of a brand investment to CEOs and CFOs.
Erica Seidel:Khalid El Khatib is the Head of Marketing and Communications for Stack Overflow.
Erica Seidel:You may think - that's a developer website, not a SaaS company.
Erica Seidel:Actually, Stack Overflow has enterprise SaaS products for
Erica Seidel:collaboration and knowledge sharing that are growing like hotcakes.
Khalid makes a good point:"If you don't make a brand investment, you can wonder
Khalid makes a good point:why competitors are beating you and why demand generation isn't working...
Khalid makes a good point:A rising tide lifts, all boats and an investment in brand
Khalid makes a good point:awareness is that rising tide."
Khalid makes a good point:You'll also hear about how to respond when CEOs say they need a CMO, but you suspect
Khalid makes a good point:they really need a demand gen director.
Khalid makes a good point:And you'll hear about how to look around the corners when hiring and
Khalid makes a good point:staff up ahead of a growth curve.
Khalid makes a good point:Let's go.
Khalid makes a good point:Khalid, welcome to the show.
Khalid makes a good point:I'm really happy to have you here today.
Khalid makes a good point:Thanks for joining.
Khalid el Khatib:Thank you for having me.
Erica Seidel:So my first question to you is you're pretty young, right?
Erica Seidel:You're, like, fifteen years into your career or so, and you are now
Erica Seidel:running marketing for one of the fifty most popular websites in the world.
Erica Seidel:And so I'm curious, as a career-oriented person, what is it about you that
Erica Seidel:made you advance as fast as you have?
Khalid el Khatib:Sure.
Khalid el Khatib:Yeah.
Khalid el Khatib:Well, I appreciate you calling that out.
Khalid el Khatib:I think, you know, I think there are a few things, the first of which is right place,
Khalid el Khatib:right time, which is true of most folks' careers, people who tend to do well.
Khalid el Khatib:And that's been true throughout mine.
Khalid el Khatib:So, I started my career working in comms at Teach for America at a time when Teach
Khalid el Khatib:for America was very much a media darling.
Khalid el Khatib:So I was quite young, helping write op-eds for Wall Street Journal, and doing
Khalid el Khatib:60 Minutes, The Today Show, et cetera.
Khalid el Khatib:And then from there went to an ad agency that was acquired shortly after I
Khalid el Khatib:started and went from about twenty-five people cut 250 by the time that I left.
Khalid el Khatib:And so I had the extraordinary opportunity to learn sort of on the job.
Khalid el Khatib:And I think in every job that I had, the two or three or four years that I
Khalid el Khatib:stayed felt like ten in terms of the fire hose that I was drinking from.
Khalid el Khatib:I think the other thing is I've had the good fortune of having really excellent
Khalid el Khatib:managers, people who cared about me, who invested in my professional development,
Khalid el Khatib:and gave me really, really candid feedback throughout the course of my career.
Khalid el Khatib:Something that I've tried to do for others.
Khalid el Khatib:And then thirdly, I think one of the things that sort of made me
Khalid el Khatib:well-positioned to succeed is that I like to think that I have some
Khalid el Khatib:self-awareness around what I'm good at and where I could use a lot of help
Khalid el Khatib:and where I need to hire to help me.
Khalid el Khatib:And I think the one thing that I'm good at that's really helped me as
Khalid el Khatib:a marketing leader is being a strong writer and a strong communicator.
Khalid el Khatib:I think that we take for granted how important and how powerful it is to
Khalid el Khatib:be a good writer, especially in 2021, when a marketing leader's mandate is
Khalid el Khatib:not just positioning and messaging, but also internal communications to
Khalid el Khatib:employees who are going through a highly dynamic, very challenging time.
Khalid el Khatib:CEO communications, when they're communicating to everyone from employees
Khalid el Khatib:to investors, to customers, and then communicating to your own team.
Khalid el Khatib:So I think that that's something that's really helped me.
Khalid el Khatib:I studied creative writing in college.
Khalid el Khatib:I've freelanced for a number of publications over the course of the years.
Khalid el Khatib:And so I really credit being a strong writer to being a strong marketer.
Erica Seidel:Do you find yourself using your writing skills to prepare
Erica Seidel:for those sensitive conversations that you're going to have?
Khalid el Khatib:Absolutely.
Khalid el Khatib:You know, I think, and this will probably be a theme throughout the
Khalid el Khatib:conversation that we have today, but agility is super important when you're
Khalid el Khatib:a marketing leader, especially in 2021.
Khalid el Khatib:And being a professional writer or really investing in professional writing
Khalid el Khatib:skills means that you're open to edits, constantly writing and rewriting.
Khalid el Khatib:You're not so married to a script that you're sort of one and done.
Khalid el Khatib:And I think that, you know, being a compelling and a strong writer
Khalid el Khatib:or communicator doesn't just mean being able to write something
Khalid el Khatib:good and then read it quite well.
Khalid el Khatib:But also going back to the drawing board, understanding different and
Khalid el Khatib:disparate voices and communicating to different audiences and things like that.
Erica Seidel:That's interesting.
Erica Seidel:Yeah, this framework for career success that, you know, this is
Erica Seidel:like me, like twenty-plus years into my career, and I believe that
Erica Seidel:career success is three things.
Erica Seidel:It's good decisions, hard work, and good luck.
Erica Seidel:And so I'm glad to hear you talk about some of those aspects here.
Erica Seidel:But I want to get into some of the decision-making.
Erica Seidel:Your business has doubled this year, Stack Overflow, and you anticipate a
Erica Seidel:further doubling next year, as I recall.
Erica Seidel:And we talked about hiring ahead of the scale.
Erica Seidel:I would love to hear you talk about how you can look around corners for
Erica Seidel:hiring and what that looks like.
Erica Seidel:Cause that is actually, not everybody can do that.
Erica Seidel:Sometimes, you know, marketers are a little hampered and
Erica Seidel:they're like the last ones to get budget, even during a scale-up.
Khalid el Khatib:Sure, happy to.
Khalid el Khatib:I think just to level set, just so folks understand, or maybe those
Khalid el Khatib:who are not familiar will still know what Stack Overflow does.
Khalid el Khatib:StackOverflow.com is one of the most popular websites in
Khalid el Khatib:the world, like you shared.
Khalid el Khatib:More traffic than the New York Times, for example.
Khalid el Khatib:And it's a website where developers and technologists go to troubleshoot
Khalid el Khatib:their code or learn to code or solve their technical challenges.
Khalid el Khatib:And so our public platform reaches about a hundred million people
Khalid el Khatib:all over the world every month.
Khalid el Khatib:And it's a two-sided marketplace.
Khalid el Khatib:So we have the public platform and then we have two paid products.
Khalid el Khatib:We have Stack Overflow for Teams, which is a collaboration and
Khalid el Khatib:knowledge management platform.
Khalid el Khatib:And then we have what we call Reach and Relevance, which is an advertising
Khalid el Khatib:product, whether advertising software or tooling to developers
Khalid el Khatib:and technologists, or employer branding, advertising your company as
Khalid el Khatib:a great place to work for developers.
Khalid el Khatib:And so the paid product side of the company is what's growing so quickly.
Khalid el Khatib:We've had a great year and we anticipate further growth next year,
Khalid el Khatib:like you said, and we're fortunate to be able to be hiring ahead.
Khalid el Khatib:And so as a marketing leader, what I try to do is I try to say, which
Khalid el Khatib:resources do we need in-house and where can we bring on board a bench
Khalid el Khatib:of freelancers or permalancers to experiment before we scale?
Khalid el Khatib:And so to me, what that looks like is a really solid investment in
Khalid el Khatib:product marketing, for example.
Khalid el Khatib:I believe it's very difficult, though not impossible, to outsource your product
Khalid el Khatib:marketing efforts because not only do they need to know the product inside and out,
Khalid el Khatib:but that team has to both build really strong relationships with the product
Khalid el Khatib:and the sales team, and they effectively have to be the connective tissue that
Khalid el Khatib:holds the marketing team together.
Khalid el Khatib:And so that's one area where we try to invest ahead of growth.
Khalid el Khatib:On the other side of the coin, there's brand and content, for example.
Khalid el Khatib:So one thing that we haven't done historically, because we
Khalid el Khatib:largely market to developers, is make a big investment in video.
Khalid el Khatib:Developers notoriously have an aversion to video.
Khalid el Khatib:They're much more likely to read a long piece of technical content, for example.
Khalid el Khatib:But it's something that we want to do more around, you know, whether it's
Khalid el Khatib:TikTok on one end of the spectrum, or a coding tutorial video on the other.
Khalid el Khatib:That said, before bringing on board two or three videographers or an
Khalid el Khatib:editor, we want to see if it works.
Khalid el Khatib:And so that's an area in which we can bring on a small, scrappy agency or
Khalid el Khatib:a permalancer to help us get where we need to go, and where I can free
Khalid el Khatib:up an FTE for product marketing.
Erica Seidel:Right, right.
Erica Seidel:My feeling is that product marketing is the hardest role to hire for right now.
Erica Seidel:Are you finding the same or do you have this kind of one role that's
Erica Seidel:like the bane of your existence?
Khalid el Khatib:I find that to be absolutely true.
Khalid el Khatib:I think, well, I read your email, your newsletter, and I think I
Khalid el Khatib:forwarded it to my product marketing team, which they both appreciated
Khalid el Khatib:and sort of probably groaned to see.
Khalid el Khatib:So I think that's absolutely true across a couple of dimensions.
Khalid el Khatib:One, product marketers are really expensive and the market is highly
Khalid el Khatib:competitive right now, as you know.
Khalid el Khatib:And then two, in a period when there are so many applications that we're seeing,
Khalid el Khatib:such a high volume of applications, the product marketing title can be
Khalid el Khatib:something of a misnomer because, as I'm sure you know, so many companies hire
Khalid el Khatib:what they call product marketers to effectively only do sales enablement.
Khalid el Khatib:Or a product marketer within a smaller SaaS company, for example.
Khalid el Khatib:It might be something of a generalist and they might do a lot of field marketing.
Khalid el Khatib:So I think a true product marketer, someone who really understands
Khalid el Khatib:messaging and positioning and can do a pricing and packaging strategy,
Khalid el Khatib:is like finding a needle in a haystack, especially in this market.
Erica Seidel:Yeah, yeah.
Erica Seidel:It's almost like all this stuff that a CEO would do or like McKinsey Consultant
Erica Seidel:would do, and then we're expecting people with very different backgrounds to kind
Erica Seidel:of coalesce it all, to do all these like super strategic and important things.
Khalid el Khatib:Yeah, and I think that it's also, exactly like you said,
Khalid el Khatib:a unique combination of having some quants and qualitative skills, too.
Khalid el Khatib:So the expectation that they really understand the mechanics
Khalid el Khatib:of the business and a lot of metrics and KPIs, but can write the
Khalid el Khatib:messaging for the product as well.
Erica Seidel:Yeah.
Erica Seidel:Yeah.
Erica Seidel:So your business is, it's so interesting because you have a piece
Erica Seidel:that's the software as a service, and, obviously, a piece that's not.
Erica Seidel:And your background, again, you started your career at Teach for America.
Erica Seidel:Totally like the opposite of a SaaS kind of business.
Erica Seidel:What's your take on bringing people into SaaS that don't have SaaS backgrounds?
Erica Seidel:Because, as a recruiter, I often go and start a search and people
Erica Seidel:are like, well, we absolutely need somebody who's a strong SaaS marketer.
Erica Seidel:And sometimes I challenge people and say, do we really?
Erica Seidel:I mean, it's kind of an obvious thing to say you need, but I'm curious to
Erica Seidel:hear you talk about, do you think that we will see more non-SaaS marketers,
Erica Seidel:whether B2B or B2C, pivoting into B2B SaaS, and how do you think through
Erica Seidel:that when you do your own hiring?
Khalid el Khatib:That's a great question.
Khalid el Khatib:I think the thing that's benefited me throughout my career is I have a lot of
Khalid el Khatib:experience around two-sided marketplaces.
Khalid el Khatib:So Teach for America certainly was not SaaS.
Khalid el Khatib:And then while I was at WPP, I worked a lot with TED, both the
Khalid el Khatib:conference and video talk platform.
Khalid el Khatib:And then, most recently before Stack, I was at GLG, insight and
Khalid el Khatib:knowledge platform, which has a robust bench of experts and end clients.
Khalid el Khatib:And so I think what I've learned through working with two-sided marketplaces
Khalid el Khatib:is how to prioritize and how to market to two disparate groups while
Khalid el Khatib:finding the connectivity between them, and then some efficiency in that.
Khalid el Khatib:But to answer your question, a little more on the nose, I think
Khalid el Khatib:it largely depends on the role.
Khalid el Khatib:And so I think there are some roles if you're a SaaS company looking to
Khalid el Khatib:build out your marketing team where you can bring someone in and it's fine,
Khalid el Khatib:like an events person, for example.
Khalid el Khatib:I think events folks, as long as they're data-driven and super agile,
Khalid el Khatib:can come from B2C or any sort of field or sector and do well in SaaS.
Khalid el Khatib:I don't know that that's necessarily true among a lot of demand
Khalid el Khatib:generation roles, for example.
Khalid el Khatib:So the ABM, the account-based marketing motion for SaaS, is quite
Khalid el Khatib:different than it would be for, you know, a non-technical B2B business.
Khalid el Khatib:And so I think that's one area where you really benefit
Khalid el Khatib:from having a SaaS background.
Khalid el Khatib:When it comes to a brand role, again, it depends on the role, but I do think that
Khalid el Khatib:there's some benefit in hiring a designer who knows the B2C space really well and
Khalid el Khatib:can bring some elements of it into SaaS.
Erica Seidel:Is there an aspect of the SaaS business model that has
Erica Seidel:been hard for people to grok that are new to SaaS, like on your teams?
Khalid el Khatib:That's a great question.
Khalid el Khatib:I think, sure, there's not one that jumps out to me.
Khalid el Khatib:The one thing that I will say about SaaS is because it's incredibly buzzy
Khalid el Khatib:and because it's seen such tremendous growth over the past few years in
Khalid el Khatib:particular, there are no shortage of resources that exist in the world
Khalid el Khatib:to help people get up to speed.
Khalid el Khatib:And so an example of that is some folks in our product marketing team and our
Khalid el Khatib:product marketing leader, who's excellent, didn't have a ton of analyst relations
Khalid el Khatib:experience working in the SaaS space.
Khalid el Khatib:And that was a core focus for us this year.
Khalid el Khatib:And so what we did is we brought on a firm called The Skills Connection who
Khalid el Khatib:is comprised primarily of former Gartner analysts to help us put together our
Khalid el Khatib:pitch, to help us decide which analysts we should engage with and what our strategy
Khalid el Khatib:should be for Gartner, Forrester, and IDC.
Khalid el Khatib:And so that's an example of where we made a relatively small investment, monetary
Khalid el Khatib:investment, a big investment in time, and said, okay, here's what we don't know,
Khalid el Khatib:how can you help us get up to speed?
Khalid el Khatib:And we did really, really quickly.
Khalid el Khatib:And we didn't necessarily need to hire a bunch of folks to do it.
Erica Seidel:That's great.
Erica Seidel:So you do a ton of hiring.
Erica Seidel:You have a big team.
Erica Seidel:What's your favorite interview question that you ask that
Erica Seidel:is surprisingly revealing?
Khalid el Khatib:That's a great question.
Khalid el Khatib:I manage five sort of functional teams - brand, content, communications, product
Khalid el Khatib:marketing, and demand generation.
Khalid el Khatib:And the questions differ for each role.
Khalid el Khatib:I think one that's particularly telling for most of them, you know, demand
Khalid el Khatib:generation, content, comms, and brands, in particular, is what is a favorite
Khalid el Khatib:campaign that you've seen of late?
Khalid el Khatib:And it sounds pretty simple and straightforward, but it can be
Khalid el Khatib:relatively telling because I love when I get a really creative answer.
Khalid el Khatib:An advertisement, whether it's on TV or that they saw on Instagram recently,
Khalid el Khatib:that has nothing to do with the field in which we're interviewing them for, but
Khalid el Khatib:sort of gives me a sense of what their interests are, two, what they find to
Khalid el Khatib:be powerful, and then three, how often they consume content and the news.
Khalid el Khatib:And something that I really look for in a lot of the critical hires on our
Khalid el Khatib:team is someone who has their finger on the pulse of what's happening, not
Khalid el Khatib:only in our space, but in the world.
Erica Seidel:Why is that so important?
Erica Seidel:I mean, it sounds obvious, but...
Khalid el Khatib:One, at the highest level, intellectual curiosity, I think,
Khalid el Khatib:makes someone much more successful in a job than someone who is looking to check
Khalid el Khatib:a bunch of boxes on a job description or follow their OKRs for the quarter.
Khalid el Khatib:So I think that that's really important.
Khalid el Khatib:And then the other is that I think external perspective and
Khalid el Khatib:outside expertise is so powerful.
Khalid el Khatib:And maybe that's my bias from both TED and from GLG where the business
Khalid el Khatib:model is essentially focused on bringing in outside thought.
Khalid el Khatib:But one thing that we try to do at Stack, and on the marketing team in particular,
Khalid el Khatib:is have speakers come and talk to us, employ consultants wherever it makes sense
Khalid el Khatib:to do so, or advisors, so that weren't looking beyond what we're doing in the
Khalid el Khatib:day to day to make ourselves better.
Erica Seidel:Right, right.
Erica Seidel:That's great.
Erica Seidel:I talked to somebody else for this podcast whose favorite interview question was,
Erica Seidel:I'll just share it because you might find this interesting, it was tell me about
Erica Seidel:a product that is well-marketed and why.
Erica Seidel:And the guy's really listening to the why and does somebody have a
Erica Seidel:structure for what good marketing is?
Erica Seidel:And I think yours is suggestive of that as well.
Erica Seidel:It's like, okay, does somebody actually know what a good campaign is?
Erica Seidel:And what are the aspects that they think are really important in a campaign?
Erica Seidel:Is it just, you know, oh, that it's pretty colors or whatever, or is it
Erica Seidel:like, oh, they've thought through their audience, they've thought through how
Erica Seidel:they're going to measure, et cetera.
Khalid el Khatib:Right.
Khalid el Khatib:Yeah, exactly.
Erica Seidel:So, can you talk a little bit more about how you
Erica Seidel:organize your marketing team to support the two different products?
Erica Seidel:So you have the public platform versus the P SaaS aspects?
Khalid el Khatib:One, it's so important to be highly cross-functional in your
Khalid el Khatib:approach to everything that you do.
Khalid el Khatib:And so I work super closely with our CPO, our chief product officer, and our
Khalid el Khatib:chief revenue officer on everything.
Khalid el Khatib:We even have a weekly check-in that we do for thirty minutes every week, just
Khalid el Khatib:to see what's going on and try to see around corners to the best of our ability.
Khalid el Khatib:And so the benefit in doing that, and in addition to that check-in our teams do
Khalid el Khatib:monthly business reviews around the public platform and around each of our products.
Khalid el Khatib:So the point of doing that, and what that sort of unlocks, is our ability
Khalid el Khatib:to find synergies wherever they exist.
Khalid el Khatib:So if the public platform team is working on something that we can
Khalid el Khatib:help or augment in some way, we can deputize a small amount of product
Khalid el Khatib:marketing resources or demand generation resources to promote it and vice versa.
Khalid el Khatib:So I think that's one piece that's really important.
Khalid el Khatib:The second, which is related, is uncovering synergies wherever they exist.
Khalid el Khatib:And so our Stack Overflow for Teams product is effectively a private
Khalid el Khatib:version of the public platform.
Khalid el Khatib:There are, of course, several differences to the approach, but sometimes when
Khalid el Khatib:something really resonates with the public platform or the paid product, we can make
Khalid el Khatib:them interchangeable or we can build a roadmap that works in the other direction.
Khalid el Khatib:And so I think it's all about finding those efficiencies and those synergies
Khalid el Khatib:and empowering everyone on your team to think about it in that way as well.
Erica Seidel:And so you have these monthly business reviews, so you're
Erica Seidel:saying you have product and marketing and sales altogether at those
Erica Seidel:monthly kind of NBR, so to speak?
Khalid el Khatib:That's right, and we also have the full
Khalid el Khatib:leadership team there as well.
Khalid el Khatib:So there's representation from the legal team, from the finance team, and the CEO,
Khalid el Khatib:so that cross-functionally, everyone knows what's happened and what's happening,
Khalid el Khatib:and they have the opportunity to ask questions about all of those things.
Erica Seidel:Right, right.
Erica Seidel:That's cool.
Erica Seidel:And it gets your marketing team to kind of have that what I
Erica Seidel:call business first, marketing second kind of view of the world.
Khalid el Khatib:100%.
Khalid el Khatib:I mean, I think that the great thing about Stack Overflow, and you can call
Khalid el Khatib:it transparency or what have you, but there are I don't think any surprises.
Khalid el Khatib:We tend to be pretty good about cascading information to the company
Khalid el Khatib:and to the team around performance.
Khalid el Khatib:We share quarterly financials data and then do AMAs every single month around it.
Khalid el Khatib:And the marketing team, as well, has a pretty good view into who we're
Khalid el Khatib:hiring for one or two quarters ahead and what our priorities are as well.
Erica Seidel:So, can you share an organizational choice that you've
Erica Seidel:made that you think might be a little bit unique, that some other marketing
Erica Seidel:leaders haven't done or wouldn't do?
Erica Seidel:And that organization choice could have worked well or poorly.
Khalid el Khatib:One thing, and, you know, this is cheating, but one thing
Khalid el Khatib:that I did do, so I'd been at Stack for three and a half years, and three years
Khalid el Khatib:ago or so the company itself, Stack Overflow, was 40% remote at the time.
Khalid el Khatib:And our technical teams were much more remote than that, about 80%.
Khalid el Khatib:But I elected, because there were so many challenges around hiring great
Khalid el Khatib:marketing talent in New York, where we're based in London, where we have
Khalid el Khatib:another office, around product marketing in particular, to hire a much more
Khalid el Khatib:remote-first, remote-focused team.
Khalid el Khatib:And so the marketing team is highly distributed, even before the pandemic.
Khalid el Khatib:Now, obviously things are quite different.
Khalid el Khatib:But I'm really, really glad that I took that approach because I've found some
Khalid el Khatib:really excellent talent by doing it.
Khalid el Khatib:And the team has sort of a remote-first DNA and muscle
Khalid el Khatib:memory around how to interact on a remote-first basis from day one.
Khalid el Khatib:So I think that sometimes marketing leaders are inclined to say, okay,
Khalid el Khatib:you know, sales teams, I think more than anyone else, and especially
Khalid el Khatib:BDRs and SDRs tend to be in person or gravitate towards office work.
Khalid el Khatib:And sometimes a marketing leader will say, because it's so important to
Khalid el Khatib:build relationships with sales teams, the marketing team should be in person
Khalid el Khatib:too, but I think that's a mistake because I think it's really possible
Khalid el Khatib:to build relationships remotely.
Khalid el Khatib:And two, I think, especially with regard to strong demand generation teams
Khalid el Khatib:and product marketing teams, we're no longer going to be able to find the
Khalid el Khatib:folks that we need just looking at New York or Chicago or San Francisco.
Erica Seidel:Right.
Erica Seidel:Right.
Erica Seidel:I've been thinking that this kind of remote hiring, obviously a lot of people
Erica Seidel:are doing remote hiring now, you had some expertise with it ahead of COVID.
Erica Seidel:Do you think it makes you have more of like an optimizing mindset versus
Erica Seidel:a satisficing mindset with hiring?
Erica Seidel:Because there's a difference between, oh, we want to hire the best person in
Erica Seidel:New York, versus, oh, we can look far and wide across, not just the U.S., but
Erica Seidel:maybe also, across Europe, we're going to find the absolute, very best person.
Erica Seidel:And do you ever see that it makes it like you're trying to have the absolute
Erica Seidel:perfect hire and so it can take longer?
Khalid el Khatib:That's a good question.
Khalid el Khatib:And that's certainly a risk, one that I haven't spent too much thinking about.
Khalid el Khatib:I mean, I try to take the approach, maybe less with hiring than
Khalid el Khatib:everything else, but " don't let perfect get in the way of very good."
Khalid el Khatib:And I think that's true of hiring and I think every position is different.
Khalid el Khatib:And so, you know, one question you have to ask yourself when you bring someone
Khalid el Khatib:on board is do you want someone who can do the job at a hundred percent
Khalid el Khatib:or 110% on day one, or do you want someone who will do it at 90%, invest
Khalid el Khatib:in their professional development, and hopefully will stay two or three years?
Khalid el Khatib:And so I think that that's one key consideration, maybe one that we've
Khalid el Khatib:lost in a market that's this crazy.
Khalid el Khatib:But sometimes, you know, you want someone who can grow into the role to some extent.
Khalid el Khatib:Or, and I think this is a specialty to run marketing teams, you bring someone in
Khalid el Khatib:at the manager or the director level, and you don't have any anticipated VP recs for
Khalid el Khatib:two or three years and where do they go?
Khalid el Khatib:They're likely to leave.
Erica Seidel:Right.
Erica Seidel:So we've talked about hiring an organization.
Erica Seidel:Let's take a broader lens.
Erica Seidel:Can you share some mistakes for a SaaS marketing leader to avoid when scaling up?
Khalid el Khatib:This one is an easy one to articulate.
Khalid el Khatib:It's a difficult one to fix.
Khalid el Khatib:And I think that that's not enough SaaS marketing leaders
Khalid el Khatib:invest in brand marketing.
Khalid el Khatib:And that's especially true, as I'm sure you've seen, in private-equity-backed
Khalid el Khatib:companies where it's sort of this dollar-in/dollar-out mentality because
Khalid el Khatib:as every marketing leader knows, it's really difficult to prove ROI
Khalid el Khatib:for dollars that are spent on brand.
Khalid el Khatib:And so I think that we were fortunate to have this support of our CEO and
Khalid el Khatib:our CFO over time to make an investment in brand awareness, and we've also run
Khalid el Khatib:longitudinal studies twice a year, brand tracking surveys, which have proven
Khalid el Khatib:out the value of investing in that.
Khalid el Khatib:We've seen awareness of Stack Overflow for Teams and evangelism for
Khalid el Khatib:it go up double digit percentages.
Khalid el Khatib:And so I think, you know, a couple of mistakes that are made is one,
Khalid el Khatib:not making any investment at all, and then figuring out why competitors are
Khalid el Khatib:beating them and why your demand gen teams aren't working because a rising
Khalid el Khatib:tide lifts all boats and investment in brand awareness is that rising tide.
Khalid el Khatib:And then the other is making an investment and talking to partners and peers
Khalid el Khatib:about how you can articulate the value of an investment in brand awareness.
Khalid el Khatib:Every CEO and every CFO is different, as we all know.
Khalid el Khatib:A brand tracking survey once or twice a year doesn't always work.
Khalid el Khatib:And so there are lots of other tricks and things that you can do.
Khalid el Khatib:Not necessarily tricks, but social listening, for example, qualitative
Khalid el Khatib:feedback at conferences and events, anecdotal feedback from employees in
Khalid el Khatib:terms of the campaigns that their friends and family are seeing, and that all
Khalid el Khatib:sort of coalesces, in my opinion, to be a very, very powerful tool and brand
Khalid el Khatib:awareness and investment in brand is not something that should ever be neglected.
Erica Seidel:It's so true and it is a hard conversation to have.
Erica Seidel:I like your point about the dollar-in/dollar-out expectation.
Erica Seidel:And I think the best marketers are the ones that can go into a meeting
Erica Seidel:where somebody has that viewpoint and pivot that viewpoint and have
Erica Seidel:them realize that - you know, like a former boss of mine says, I love this,
Erica Seidel:"Today's brand is tomorrow's demand."
Erica Seidel:it's just a great way to put it.
Erica Seidel:Any other thoughts on key mistakes to avoid when scaling up?
Khalid el Khatib:I think a related point is, you know, an investment in
Khalid el Khatib:brand doesn't mean that you need to take out an ad in the Superbowl or a
Khalid el Khatib:billboard in Times Square, which is sometimes the misconception that a
Khalid el Khatib:board or a CFO or a CRO or a CEO will have when people ask for brand dollars.
Khalid el Khatib:Especially in B2B SaaS, when I as for brand dollars, I'm not saying that we
Khalid el Khatib:need to do a takeover of the subway system in New York City because I know
Khalid el Khatib:that it's not going to lead anywhere.
Khalid el Khatib:And so a related point is always start small, scale and iterate from there.
Khalid el Khatib:So, I think, one approach that we try to take when it comes to developer
Khalid el Khatib:awareness is looking at our key 1000 accounts, where are they headquartered?
Khalid el Khatib:You know, increasingly a lot of them are headquartered in Austin, for example.
Khalid el Khatib:A lot of developer-oriented companies have moved to Texas
Khalid el Khatib:over the past couple of years.
Khalid el Khatib:And so, if we're going to do something out of home or some big display,
Khalid el Khatib:why don't we start it in Austin?
Khalid el Khatib:Why don't we take over their public transportation?
Khalid el Khatib:Or billboards in their downtown area where they're much more likely to be
Khalid el Khatib:working from the office than in New York, for example, or San Francisco?
Khalid el Khatib:So starting in a hyper-local market and scaling if it makes sense to do so, is
Khalid el Khatib:how I would approach brand awareness, as opposed to some people who get a capital
Khalid el Khatib:injection and then right away will take out these massive, massive buys.
Erica Seidel:Exactly.
Erica Seidel:Any other advice that you would give to a CEO who is looking to hire a
Erica Seidel:marketing leader for a scale journey?
Khalid el Khatib:I have two pieces of advice for CEOs and sort of across
Khalid el Khatib:the spectrum, whether they're seed or series A or B or C or a public company.
Khalid el Khatib:Think long and hard and consult with your advisors in terms of the
Khalid el Khatib:profile of person you're looking for.
Khalid el Khatib:And so occasionally, someone will reach out to me and say, whether it's
Khalid el Khatib:a friend or a peer or someone I went to college with, and they'll say we
Khalid el Khatib:really need, you know, I have a series B company, we're doing incredibly,
Khalid el Khatib:we've had this massive raise, we have a great valuation, and we're close
Khalid el Khatib:to, or we have product market fit.
Khalid el Khatib:We're ready for a CMO.
Khalid el Khatib:We need a CMO.
Khalid el Khatib:And I'll say, okay, what do you want them to do?
Khalid el Khatib:And they'll bullet out ten things and I'm like, you need a VP of demand generation.
Khalid el Khatib:You need someone who understands marketing automation and can get you off of HubSpot
Khalid el Khatib:and onto a platform like Marquetto.
Khalid el Khatib:You need someone who can build out a field practice and ABM practice.
Khalid el Khatib:You do not need a CMO.
Khalid el Khatib:And so I think, you know, sometimes there's this inclination to hire as
Khalid el Khatib:senior as possible, when in reality, you don't need someone that strategic.
Khalid el Khatib:You need someone who can execute and build out a team who is in the weeds.
Khalid el Khatib:So there's that piece of it.
Khalid el Khatib:The other, which is related, is what type of marketing leader do you need?
Khalid el Khatib:Do you need a brand CMO?
Khalid el Khatib:Do you need a demand CMO?
Khalid el Khatib:Do you need someone with robust product marketing experience, more
Khalid el Khatib:of a communications oriented CMO?
Khalid el Khatib:And I think that, you know this quite well, I'm sure, and provide a lot of
Khalid el Khatib:counsel on this topic, but often times a CEO or, you know, the board will
Khalid el Khatib:have a very, very either nebulous idea of the type of CMO that they want,
Khalid el Khatib:or they'll point to a specific person at a specific company, when, as you
Khalid el Khatib:know, CMOs often - you know, one CMO's very, very different from the next.
Erica Seidel:Yeah, the challenge I see is they want it all, right?
Erica Seidel:They want the person who can, as I like to say, parachute
Erica Seidel:between strategy and tactics.
Erica Seidel:It's like, oh yeah, I want the person who's going to drive leads, but then also
Erica Seidel:they have to be a great communicator.
Erica Seidel:They have to be very analytical and they have to be this and that.
Erica Seidel:I think the challenging thing in recruiting is that focus.
Erica Seidel:And I think it comes down to saying okay, who do we need
Erica Seidel:for the next couple of years?
Erica Seidel:Because in a couple of years, the whole world will be different
Erica Seidel:and we can hire somebody else or somebody in addition, at that point.
Erica Seidel:But I don't know.
Erica Seidel:Do you have any other tips on how to make that conversation more productive
Erica Seidel:so that you're not just having the CEO say, oh, I want one of everything please?
Khalid el Khatib:One, I would just say to push back and say, it's impossible.
Khalid el Khatib:Right?
Khalid el Khatib:Like I think if you look at the sort of C-suite, the CMO is the least likely
Khalid el Khatib:to stay at a company beyond two years.
Khalid el Khatib:And I think that's largely because the expectations when they were
Khalid el Khatib:hired are entirely unrealistic.
Khalid el Khatib:Point two, and I think something that's sort of makes all of this a little more
Khalid el Khatib:tangible to someone to say, okay, we'll do our best to find you the most strategic
Khalid el Khatib:leader possible who's also comfortable executing, but who is the number one and
Khalid el Khatib:most critical hire you see after the CMO?
Khalid el Khatib:And that will often be clarifying to someone.
Khalid el Khatib:So for example, for me, demand generation has been part of my mandate and several
Khalid el Khatib:roles that I've had, but I do not, you know, I'm under no delusion that I am
Khalid el Khatib:an excellent demand generation leader.
Khalid el Khatib:And so, there's a VP of demand generation and it's really his bread and butter.
Khalid el Khatib:I defer to him on most things that he does and that he brings on board.
Khalid el Khatib:And he's excellent at that.
Khalid el Khatib:And I recognize my own limitations in the space.
Khalid el Khatib:And so I often think if someone's like, okay, we really need a new
Khalid el Khatib:CMO, you say, okay, but then do you need a great VP of demand?
Khalid el Khatib:Do you need a great VP of product marketing?
Khalid el Khatib:Do you need a great VP of comms?
Khalid el Khatib:Who is this person's deputy and right hand?
Erica Seidel:Yeah.
Erica Seidel:And then sometimes maybe that deputy that they're envisioning is all
Erica Seidel:they need, or all they need for the next, you know, year or two.
Erica Seidel:Yeah.
Erica Seidel:That's very helpful.
Erica Seidel:So personally, thank you.
Erica Seidel:That'll be helpful to me when I talk to people.
Erica Seidel:Let's talk about trends.
Erica Seidel:So 2022 is, you know, next up here.
Erica Seidel:Any trends that you foresee for B2B SaaS marketers that
Erica Seidel:are in scale-up mode for 2022?
Khalid el Khatib:I think one is embrace agility.
Khalid el Khatib:You know, I've been saying this for twenty months now, but it used to be
Khalid el Khatib:that you would set a marketing budget at the beginning of the year, you
Khalid el Khatib:would maybe check in on budget versus actuals on a monthly or quarterly
Khalid el Khatib:basis, but you wouldn't really reforecast for at least six months,
Khalid el Khatib:most likely until the end of the year.
Khalid el Khatib:And that can no longer be true.
Khalid el Khatib:I think we're still figuring out what our cadence looks like, but the leadership
Khalid el Khatib:team needs to at least talk quarterly about whether or not the budget as
Khalid el Khatib:it currently stands makes sense, the headcount and org chart that you've put
Khalid el Khatib:together at the beginning of the year still makes sense relative to the needs.
Khalid el Khatib:And so the very tangible example of that is our events budget for 2022.
Khalid el Khatib:Our events budget for 2022 looks very different today than it did ten days
Khalid el Khatib:ago, just because of everything that's happening in the news right now.
Khalid el Khatib:And, you know, we're no longer bullish on the fact that we'll be
Khalid el Khatib:at events in February or March.
Khalid el Khatib:So I think that's one thing that people really need to focus on, the other, and
Khalid el Khatib:I think a trend that's going to not go away for a while is, we spend a lot of
Khalid el Khatib:time talking about how SaaS marketing meters need to better partner with sales
Khalid el Khatib:and product organizations, and I think that they've been laser-focused on that
Khalid el Khatib:alignment for the past couple of years.
Khalid el Khatib:Where the B2C space has been focused for quite some time is the synergies
Khalid el Khatib:that exist between the people or human resources team and marketing.
Khalid el Khatib:And there's been a lot of focus on employer branding.
Khalid el Khatib:So like the Facebooks of the world, the Instagrams, the Twitters, and
Khalid el Khatib:then all sorts of consumer brands have really made an investment in
Khalid el Khatib:recruiting and employer branding.
Khalid el Khatib:And I think that marketing leaders and people team leaders
Khalid el Khatib:have worked lockstep together.
Khalid el Khatib:I think that's one area where the SaaS space has really fallen behind.
Khalid el Khatib:And so I think a big focus in 2022 and beyond is going to be okay, how
Khalid el Khatib:can marketing teams, whether it's the brand team or the content team or the
Khalid el Khatib:comms team, partner with people teams to help win in this hyper-competitive
Khalid el Khatib:environment today and tomorrow?
Erica Seidel:Totally agree with you on that one.
Erica Seidel:I'll be excited to see that kind of greater synergy.
Erica Seidel:I mean, you think about HR, like everything that happened in
Erica Seidel:marketing, I dunno, five or ten years ago, and it's still happening
Erica Seidel:is now starting to happen in HR.
Erica Seidel:Like greater reliance on technology, greater reliance on data.
Erica Seidel:The years, like this year, last year, you know, it was like the years for HR
Erica Seidel:folks to kind of come into their own.
Khalid el Khatib:I think that's absolutely true.
Khalid el Khatib:And I think that's true from a resourcing perspective as well.
Khalid el Khatib:So if you think about like development resources, for example,
Khalid el Khatib:or engineering resources, they were always deputized to revenue.
Khalid el Khatib:And this is not, I'm not speaking to Stack Overflow, I'm speaking very generally.
Khalid el Khatib:But those development resources tend to be allocated towards revenue
Khalid el Khatib:focused initiatives or product.
Khalid el Khatib:And then, to your point, at this sort of bottom of the pile is people
Khalid el Khatib:initiatives or the HR system API.
Khalid el Khatib:And it's sort of people get to it when they get around to it.
Khalid el Khatib:And so job descriptions are hard coded, it's glitchy, it doesn't
Khalid el Khatib:sync with LinkedIn, for example.
Khalid el Khatib:And now it's an imperative for the business to be able to
Khalid el Khatib:hire, to be able to compete.
Khalid el Khatib:And I think that companies have to start resourcing HR teams differently
Khalid el Khatib:from a technical perspective and from a marketing perspective.
Erica Seidel:Yeah.
Erica Seidel:So those are great trends.
Erica Seidel:Thank you so much for being on the show, Khalid.
Erica Seidel:This was great to hear all of your perspectives.
Khalid el Khatib:Thank you for having me again.
Erica Seidel:That was Khalid El Khatib, who runs marketing and
Erica Seidel:communications for Stack Overflow.
Erica Seidel:Now that you've listened, ask yourself: how can you have a
Erica Seidel:more productive conversation with your CEO and CFO and Board about
Erica Seidel:the balance of brand and demand?
Erica Seidel:Next time on The Get, you'll hear from Sydney Sloan, telling us about
Erica Seidel:her CMO scale journey for Salesloft.
Erica Seidel:You'll learn about how to think about your market and your marketing, the
Erica Seidel:bets you're making on each, and the team structure and goal setting as you scale.
Erica Seidel:Don't miss it.
Erica Seidel:Thanks for listening to The Get.
Erica Seidel:I'm your host, Erica Seidel.
Erica Seidel:Hiring great marketing leaders is not easy.
Erica Seidel:The Get is designed to inspire smart decisions around recruiting and
Erica Seidel:leadership in B2B SaaS marketing.
Erica Seidel:We explore the trends, tribulations, and triumphs of today's top
Erica Seidel:marketing leaders in B2B SaaS.
Erica Seidel:This season's theme is Solving for the Scale Journey.
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Erica Seidel:For other insights on recruiting great marketing leaders - what I
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