What is the Product the Customer Buys Before They Buy Yours?
Tomasz TunguzVenture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. What is the Product the Customer Buys Before They Buy Yours?
What is the product a customer or a prospect buys immediately before they buy yours? We’ve all heard the words digital transformation. Now that I’ve given you time to unroll your eyes and let the sarcastic comments dissipate, please give me a chance to make something useful of this idea. As a customer progresses along their journey, they evolve from a previous inferior state to a new superior one. The journey might be a migration from an on-premises data stack to a modern cloud data pipeline. Perhaps, they are in the midst of modernizing their sales infrastructure from simply Salesforce to a broader suite of call recording, marketing attribution, and sales content enablement. A business could be migrating to a Kubernetes stack to power a microservices architecture with distributed tracing. For Looker, the preceding step was the adoption of a cloud data warehouse. By partnering with the newest generation companies like Snowflake and Google Big Query, and demoing with them, Looker’s product was part of a packaged pitch (data warehouse and BI together). At the end of many sales pitches, a prospect would say, “I’ll take it all.” Whatever the journey is, the customer isn’t purchasing just one solution to solve their needs. The typical mid-market company purchases 137 SaaS products, and the figure grows 30% annually. Companies collect tremendous amounts of software, and they layer it on top of one another to ascend a Maslow’s hierarchy of software needs until they reach actualization. Which is the rung of the software ladder immediately beneath yours? Whatever it is, those are the companies to partner with, develop technical integrations to accelerate adoption, co-sell and generally go-to-market alongside. After a prospect has adopted the software rung below yours, their eyes will rise to yours, and that’s your opportunity to win the great game of Risk played in software.. Position your startup to be there when they look to the future. |
Older messages
How Will We Value a Crypto Token?
Tuesday, September 7, 2021
Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. How Will We Value a Crypto Token? Imagine you have
Benchmarking Amplitude's S-1: How 7 Key Metrics Stack Up
Thursday, September 2, 2021
Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Benchmarking Amplitude's S-1: How 7 Key Metrics
Per Seat or Per Use Pricing: A Framework for Evaluating the Right Strategy for Your Startup
Wednesday, September 1, 2021
Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Per Seat or Per Use Pricing: A Framework for
You'll Never Login the Same Way Again
Monday, August 23, 2021
Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. You'll Never Login the Same Way Again Visit
Preset Cloud - The Visualization Layer for the Modern Data Stack
Wednesday, August 18, 2021
Tomasz Tunguz Venture Capitalist at Redpoint If you were forwarded this newsletter, and you'd like to receive it in the future, subscribe here. Preset Cloud - The Visualization Layer for the
You Might Also Like
#222 | Reimagining Learning, Consumer AI Opportunities, & more
Sunday, March 9, 2025
March 9th | The latest from Maveron, NextView, Altimeter, Emergence, Bessemer, and others ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
This dead simple web app generates $100K/year
Sunday, March 9, 2025
Starter Story Sunday Breakfast ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Building Lovable: $10M ARR in 60 days with 15 people | Anton Osika (CEO and co-founder)
Sunday, March 9, 2025
Listen now (70 mins) | The AI startup that's Europe's fastest-growing company ever ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
👻 The AI sourcing secret that's haunting your competitors.
Sunday, March 9, 2025
Uncover the mysterious ways AI is transforming product sourcing and why it's giving some brands an otherworldly edge. Hey Friend , Sourcing products used to be a slow, manual process—searching
🗞 What's New: Why AI can't replace my $1k/mo human assistant
Saturday, March 8, 2025
Also: 25+ AI agent opportunities ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
What’s 🔥 in Enterprise IT/VC #436
Saturday, March 8, 2025
Debating the future of SaaS + what many VCs are thinking... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🎯 Fix your fulfillment, fix your profits
Saturday, March 8, 2025
The answer to higher profits is not always selling more. This is how smart businesses do it… Hey Friend , Most ecommerce founders focus on selling more to increase profits. But what if I told you that
Create a social media strategy in 7 (straightforward) steps
Friday, March 7, 2025
Plus, the latest from the blog and social media ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
10words: Top picks from this week
Friday, March 7, 2025
Today's projects: Wallpaperee • Chatbox • DesignLit • PH Deck • ChatPro AI • Opencord.AI • NexaAI • GReminders • Springs • crimalin • SuperCarousels • TitleSprint 10words Discover new apps and
Experiment Report: Trying New Things — The Bootstrapped Founder 380
Friday, March 7, 2025
When I talked to Anne-Laure Le Cunff earlier this week, we get into experiments and how to run them effectively. Here's what I've been doing. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏