With Nick Mehta, CEO of Gainsight
By Ashu Garg
More b2baceo episodes and newsletters
Super-networker and Gainsight CEO Nick Mehta tells me how listening to people and creating a good company culture has turned the customer success software platform into a market leader.
Nick Mehta is the most organized networker I know. We’re talking spreadsheets with hundreds of names on them and days full of meetings at Starbucks. I met Nick 10 years ago when we were entrepreneurs-in-residence at Trinity Ventures. Nick went on to be the CEO of LiveOffice until it was acquired by Symantec in 2012. Shortly afterwards, he was approached to be the CEO of a then-small company called Gainsight. Here’s how Nick’s love of meeting and listening to people made Gainsight the top customer success management software company out there.
Everyone has a story — VCs, employees, customers. You’ll sell and build better things if you listen to them.
TIP: Approach people with curiosity and really try to understand who they are.
Nick realized from past experience that SaaS companies spend money and effort to acquire customers, but don’t have systems in place to retain customers and maximize their spending. That’s where customer success software like Gainsight comes in.
As CEO, Nick is responsible for determining the company’s culture and ensuring it’s carried out even as the company grows. That means shifting to bigger picture things: processes, systems, and strategy.
TIP: Come up with and stick to a system to set up your strategy and goals. Gainsight’s is a “one-page strategic plan” that sets the course for the next year.
A values-based, customer-centric company culture was important to Nick from the start. Here’s his three chapter guide to creating and implementing a company’s values:
TIP: Don’t do this if you don’t believe in it. Your credibility with your employees is everything. They won’t follow you if you aren’t genuine.
Not everyone is a people person. Not every CEO is, either. If you aren’t, find someone else in your company who is: the COO, the president, the head of marketing. Your company has to have someone who loves connecting with people to be its voice.
Published on 08.12.2018
Written by Ashu Garg