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Deel's ascent to $295M πŸ¦„

Edition 2: January 29, 2023

GM. This is SalesGoat. The weekly newsletter that brings you the latest hand-picked sales jobs from top tech startups.

Here’s what we’ve got for you today:

  • Layoff Land ☠️

  • 10 hand-picked jobs πŸ’œ

  • Deel's ascent to $295M πŸ¦„

  • LinkedIn and Twitter Reactions ✨

  • (FUND)raising πŸ’°

LAYOFF LAND ☠️

LinkedIn feeds remain a constant stream of layoff news. January is pacing to 100k layoffs, which would nearly doubled the previous high back in November 2022.

According to trueup.io/layoffs there have been 285 layoffs at tech companies in 2023 with 89,841 people impacted (3,209 people per day). Carerev, Komodo Health, PartnerStack, Waymo, Reddit, Avalara and Spotify were some of the notable tech companies making cuts last week.

Hang in their ya'll. It's brutal out there. We're adding 50 more jobs to SalesGoat over the next week to bring the total jobs to 300.

10 HAND-PICKED JOBS πŸ’œ

Mutiny: Enterprise Account Executive

  • 🌍 Remote

  • πŸ’° Backed by Sequoia, Tiger Global, Insight Partners

  • 🦺 Apply here

Localyze: Head of Sales, North America

  • 🌍 Remote

  • πŸ’° Series B funding

  • 🦺 Apply here

Levro: Sales Lead, Go-To-Market

  • 🌍 Remote

  • 🐐 Small, but mighty team (10 ppl)

  • 🦺 Apply here

Alloy Automation: Business Development Representative

  • 🌍 Remote

  • πŸ’° Raised $27M, backed by 16z, Bain Capital, YC

  • 🦺 Apply here

Onbe: VP, Enterprise Sales

  • 🌍 Remote

  • 🐐 Lead a team of enterprise sales executives

  • 🦺 Apply here

Apollo Graph: Regional Vice President of Sales, East

  • 🌍 Remote, EST time zone

  • 🐐 Reporting to CRO, help scale the sales org

  • 🦺 Apply here

Watershed: Outbound Enterprise SDR

  • 🌍 San Francisco

  • 🐐 Founding member of the go-to-market organization

  • 🦺 Apply here

Brex: GTM Enablement Lead

  • 🌍 Remote

  • 🐐 Improve the productivity of the account management org

  • 🦺 Apply here

Community Phone: SMB Account Executive

  • 🌍 Remote

  • 🐐 Grew revenue 400% in 2022

  • 🦺 Apply here

Modern Treasury: Sales Engineer

  • 🌍 Remote

  • 🐐 Founding sales team member

  • 🦺 Apply here

DEELS ASCENT TO $295M πŸ¦„

Deel (aka the international hiring and payroll company) rise is nothing short of remarkable. They graduated Y Combinator in 2019 and did $4M ARR in 2021. Fast forward to today and they're at a whopping $295M in ARR. They grew $238M in 12 months and are now valued at $12B.

And they're not stopping. Just last week they launched Deel HR to go head-to-head with Rippling 🍿.

Both companies are growing fast.....

  • 197 open jobs ----> 45 sales jobs

  • 295 open jobs ----> 35 sales jobs

REACTIONS ✨

Here are some of the best reactions from Twitter:

Gokul Rajaram (Doordash exec) said it best. Dig into your next company and understand the metrics. Are they healthy? Or are they the next Fast? If the company is not open about their financial data in the interview process then umm ya 🚩 🚩

Things you should be asking in the interview process:

  •  Burn rate - when will they run out of money? aka when do they need to fundraise again or when will they be cash flow positive?

  •  Forecasted growth + how many customers do they have?

  • Valuation - tie it back to revenue.

  • Churn - can they keep their customers?

  • Hiring plan - does it match up to where revenue is today? Revenue per employee is a good metric

  • CAC / LTV - have they figured out how to acquire customers (aka sales efficiency)?

@madza dropping Kickresume this week with two helpful tools for the job hunt πŸ‘‡.

  • Resume template database.

  • AI resume writer that builds your CV using GPT-3.

Here are some of the best reactions from LinkedIn:

Revenue Operations is the fastest growing job in the US according to CNBC. LinkedIn is reporting over 500,000 Revenue Operations job on their website 🀯.

"Leaders are beginning to treat revenue like a *process* not just something reported" - Andy Byrne, the CEO of Clari

(FUND)RAISING GOATS

AtomicJar Secures $25M in Series A Funding from Insight Partners.

Threshold Ventures led a $25 million Series B financing round for Inscribe, a company that is revolutionizing risk management and fraud detection with its Risk Intelligence platform.

Crowdbotics, a software development platform with a library of prebuilt app architectures, raised a $40M Series B led by NE

Quicknode raised a $60 million Series B funding round led by 10T Fund, with participation from Tiger Global, Seven Seven Six, and QED Investors

Orbit Fab raised a $3M seed round to make orbital refueling easier, cheaper and more accessible. Type 1 Ventures and TechStars led the round.

GOAT MEME

That's a wrap for today. Stay thirsty & see ya next week! If you want more, be sure to follow our Twitter (@SalesGoatco)

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