SaaStr · 2022-07-12 · 1422d

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.

5 metrics· Cited 0× in the knowledge base ·Open source ↗

Metrics in this report

EchoSign Web Business Service Unit ARR

180000000$

actual

Author's web business service unit revenue in last quarter before mention

Minimum MRR to Attract Quality VP Sales

20000$

minimum threshold

Monthly recurring revenue below which top sales talent will not join

Recommended ARR for VP Sales Hire

1,000,000 - 1,500,000$

minimum

SaaS company revenue at time of VP Sales hiring

SaaStr Monthly Views

700000views

average

SaaStr platform monthly traffic

Sales Rep Performance Variance

1000000 to 200000$

range

Annual revenue generated by top vs. average performer among early reps