Making it big in the ‘niche’ of RFP management

23/06/2022 46 min Temporada 2 Episodio 12
Making it big in the ‘niche’ of RFP management

Listen "Making it big in the ‘niche’ of RFP management"

Episode Synopsis

Ganesh Shankar started RFPIO scratching his own itch along with A J Sunder(Co-founder & CPO) and Sankar Lagudu (Co-founder & COO). During his stint as a product manager Ganesh had to fill out responses to the RFPs which ended up as a time consuming and frustrating process. When the trio looked out for solutions they found out that it’s a broken process and that there are no solid solutions existing in the market which got them to start RFPIO.  What started as a niche product addressing one particular process later goes on to become a category leader in RFP management used by 250k+ users.Tune in to the episode with  Suresh and Ganesh to take a journey on RFPIOs growth from serving SMBs to Enterprises, No Concentration Strategy, leveraging Customer Advisory Board, a peek into the interesting culture at RFPIO which includes GTTTD, S4, GIT and the like, and how all these comes into play in building a category leaderKey take aways5:51 - Genesis of RFPIO9:57 - Founding team formation11:48 - Deciding who to be the CEO15:57 - Product pricing19:51 - GTM approach22:05 - ICP & Outbound sales23:51 - Funds raised26:46 - Org structure27:36 - Hiring scene in US & India28:08 - Customer funded business33:16 - Getting the first customers, the journey from SMB to Enterprise, price evolution35:42 - No concentration strategy36:52 - GTDDD37:26 - Sales team’s influence on other teams37:59 - Sales team compensation structure changes41:14 - Customer advisory board45:26 - Sales and implementation partners47:32 - Culture building52:15 - Inputs to founders on networking and fundraising54:24 - One of the top mistakes doneHappy listening!

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