CONNECT WITH US
Tech

Tech

Databricks co-founder shares his secrets for winning big enterprise customers

TechCrunch - EnterpriseTech logo

Published on

Add as a preferred source on Google
Databricks co-founder shares his secrets for winning big enterprise customers

Startups have never been under more pressure to grow quickly. To do that, many of them must land large enterprises, the deep pockets of the IT world, as customers. But as any company that sells to enterprises will tell you, it’s not easy to win such contracts.

One critical mistake most younger startups make is believing that their tech will practically sell itself, says Arsalan Tavakoli-Shiraji, co-founder and senior vice president of field engineering at Databricks, which helps businesses store and analyze huge amounts of data.

Yes. The tech must work well. But that’s not enough, he warns. Databricks today is an AI and big data storage giant, valued at $190 billion, with more than 70% of the Fortune 500 as customers. But it was once a tiny startup, and Tavakoli-Shiraji was responsible for helping bring in its first big deals.

“Everybody when they’re selling to enterprises at startups … we think it’s all about the tech and having the best tech,” Tavakoli-Shiraji told attendees at TechCrunch Disrupt last week. But he learned the hard way that “people and processes matter the most.”

He remembers securing a meeting with a prospect in the early days, only to discover that it was the same person who signed a mega-deal with his major competitor. “He has no interest in listening to me because he bet his career on that competitor,” Tavakoli-Shiraji said. He also remembers early deals fizzling because the startup wasn’t prepared for legal, contractual, or security questions.

When Databricks was young, it tried and failed to score a meeting with UBS, the large Swiss bank.


Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.