Hiring a Great VP of Sales: Strategic Timing and Recruitment Framework
Jason Lemkin shares insights on when and how to hire a VP of Sales for SaaS companies, emphasizing that founders should lead early sales efforts themselves until reaching approximately $1-1.5M in recurring revenue. The article stresses that the primary job of a VP Sales is team recruitment, not closing deals, and recommends hiring at least two performing sales reps before bringing in a VP to establish a repeatable sales process.
Metrics in this report
180000000$
actual
Author's web business service unit revenue in last quarter before mention
20000$
minimum threshold
Monthly recurring revenue below which top sales talent will not join
1,000,000 - 1,500,000$
minimum
SaaS company revenue at time of VP Sales hiring
700000views
average
SaaStr platform monthly traffic
1000000 to 200000$
range
Annual revenue generated by top vs. average performer among early reps