The Global Standard for Digital Transaction Management™ Scaling Bus Dev & Driving Channel Volume, The DocuSign Way KC Hamels, Sr. Director, Business Development KC.Hamels@docusign.com July 24, 2014 Agenda • Quick DocuSign Overview • Why is Business Development important to a Start up? • How DocuSign leverages Business Development & Channel functions • Wrap up/Q&A DOCUSIGN CONFIDENTIAL 2 How Did I Get to the Startup Sales Conference? 3 DocuSign 101 DOCUSIGN CONFIDENTIAL 4 “Oh, I’ve used DocuSign! I just bought a house…” DOCUSIGN CONFIDENTIAL 5 How DocuSign Works Enables end-to-end solution to PREPARE, EXECUTE, and MANAGE transactions in an all-digital environment Integrates with existing digital systems (e.g. CRM, HCM, ERP) Mobile-enabled Securely encrypted Legally binding Accepted and utilized around the globe DOCUSIGN CONFIDENTIAL 6 DOCUSIGN CONFIDENTIAL 7 Vision Empower organizations to “keep business digital.” Leader in Users 40M+ Users, 40K New Users/Day 2009 Market Leader • • • More than 110K Customers 188 Countries, 43 Languages Top brands across industries 2010 2011 2012 2013 Leader Among Analysts #1 #1 #1 eSignature Wave eSignature Takes Off eSignature Solutions DocuSign at work Desktop/Laptop Mobile Apps Create templates Admin controls System automated iOS, Andriod, Win 8 Integrated Enterprise Solutions API Custom work flows Customer Integrations Custom work flows Customer Integrations Why is Business Development Important? DOCUSIGN CONFIDENTIAL 10 Quick Quiz Who in your company has responsibility for: Mapping and networking your ecosystem? Building long-term relationships and driving deals with strategic partners? Identifying, evaluating and executing acquisitions? Developing and executing your strategy to go global? Working with you to tackle major strategic opportunities? DOCUSIGN CONFIDENTIAL 11 ANSWER: DOCUSIGN CONFIDENTIAL 13 Definition: Strategic business development is an investment in systematically mapping and networking your ecosystem to drive transformational opportunities. Although the CEO will be heavily involved at times, it’s not primarily the CEO’s role. Nor should strategic BD be confused with Sales. Although very complementary to Sales, it’s also very different in that it doesn’t follow a quarterly cadence. It’s focused on a very few high-impact events a year rather than a large volume of quarterly transactions, so it should have separate goals and incentives from those of Sales. Strategic BD should be low headcount and high impact, led by a senior professional operating at a peer level to Sales, Engineering and other company functions. O’Farrell, John January 6, 2012, Who you gonna call? The importance of strategic business development. Retrieved from http://fortune.com DOCUSIGN CONFIDENTIAL 14 SO…why is Business Development important? “What distinguishes the winners Need to create a network of partners that can assist with reselling or allowing from everyone else is that they access to your product are systematically networked into Strategic chess moves Scalable = “more feet on the street” Direct sales is $$$$ all of the surrounding companies that matter, so they can identify and seize the transformational opportunity when the time comes.” John O’Farrell, Andreessen Horowitz Enhances and lends creditably to your product Gets everyone involved: Developers are your friends, they will make your product better FOCUS on the things that matter: What do we want to be when we grow up? What will move the needle? DOCUSIGN CONFIDENTIAL 15 Put action plans in place Strategic Alliance on Cloud X Business case •Corporate wide strategic alliance to make cloud solutions default in Fortune 500 companies Executive Sponsor (internal & partner) Roadmap to Success Timeline for executing Resources needed Quick outline of opportunity •Phase 1: Digitalize •Phase 2: Expand • Continue to bring value to businesses with more robust cloud offerings in ERP, HCM, CRM •Phase 3: Innovate and Unify • Create new joint use cases and help unify digital transactions across different product lines Joint Customers •Current pipe: Hamels Camels, Sailboats4you, 3DayWorkweek •Identify new customers who could benefit from our joint solution Revenue Model •Freemium •RevShare •Referral DOCUSIGN CONFIDENTIAL 16 Channel Surfing? Is the reseller channel right for your business? DOCUSIGN CONFIDENTIAL 17 How does DocuSign Leverage Business Development? DOCUSIGN CONFIDENTIAL 18 Sometimes “Start Up” BD can feel like this… DOCUSIGN CONFIDENTIAL 19 DocuSign Business Development Reports through Chief Revenue Officer Team responsible for ISV’s, System Integrators, Developers/API, Channel, Partner Development, and Vertical Segments DOCUSIGN CONFIDENTIAL 20 Responsible for DocuSign’s Partner Ecosystem Our primary goal is to enable partners to be successful, resources are key! Pre-Built DocuSign Connectors Hundreds of Partner-Built Solutions Certified Consultants & Systems Integrators Superior API & Toolkit Accelerating Partners’ Success Self-Service Resources DOCUSIGN CONFIDENTIAL 22 DocuSign Channel Partners Started small, scaling as we go Global footprint Address potential issues head on Communicate value to DocuSign AEs It just takes one deal… Set realistic expectations for ramp DOCUSIGN CONFIDENTIAL 23 Keys to our success “It takes a village…” Partner Product Marketing Partner Product Management Partner Sales Engineer Partner Engineering Customer support Executive leadership support Team dynamic, hiring the right people Evolution of digital transaction management DOCUSIGN CONFIDENTIAL 24 Wrap up DOCUSIGN CONFIDENTIAL 25 What I’ve Learned About Business Development 1. Identify goals for each partnership • Revenue, reach, block competition, global expansion 2. Business Development is not “sales”---technically, put on your strategic thinking cap 3. Things change on a daily basis- oh boy, do they! 4. Identify key areas of FOCUS 5. Leverage the Developer community (because they rock) 6. Global expansion will not happen without a robust partner ecosystem 7. Provide self-service resources for partners= life saver! 8. Build a professional network & stay informed • I never want to be the last to know 9. Communicate your plans & manage up 10. Collaboration is the name of the game 11. MOST IMPORTATNLY, HAVE FUN!!! 12. (chalkboard is the new Comic Sans) DOCUSIGN CONFIDENTIAL 26