RF

Richard F. Purcell

GTM Social Engineer | Combine intent signals with warm intros to cut through the noise whether you're raising money or selling something

Austin, Texas

Invests in

Stages:

  • Min Investment:

    $100,000.00
  • Max Investment:

    $5,000,000.00
  • Target Investment:

    $1,500,000.00

Work Experience

2023

  • Founder

    2023

    With every channel saturated, the way to cut through the noise is to leverage an existing relationship to get in front of high-intent buyers. "Less than 24 hours after launching our first campaign, we booked three meetings, generated two new sign-ups, and 2X'ed conversion rates" - Co-founder & CMO at Salesmaker "We generated higher quality conversations than previous efforts. Insights also helped us measure the attribution of my posts to existing sales opportunities.” - Eric Stark, CEO of Slate "90% reduction in cost to get the same results as a team of SDRs & 2X'ed conversion rates" - Founder at Seed stage SaaS "20X increase in referrals by activating existing customers" - Series B Enterprise Software Over two years, we ran 50+ GTM experiments, including Slack communities, warm intros, converting LinkedIn followers, special offers in emails, SMS, carrier pigeons, and more. What consistently outperformed? 🥇 Leaning on an existing relationship 🥇 Strong buying intent signals 🥇 LinkedIn was the best-performing channel The challenge is that warm intro tools and buying intent tools sit on two separate platforms. Buyers want consolidation. Buyers want to operationalize as soon as possible. Every week, get high-intent leads one degree away from the seller's network deployed into existing workflows accompanied with a sales enablement plan to operationalize. Click the link in my profile to join the waitlist for free sample data. Sign up for the weekly newsletter to get step-by-step instructions on how to run unconventional experiments that will supercharge your GTM. https://moxiegtm.substack.com/

2020 - 2024

  • Associate

    2020 - 2024

    Tasked with replicating the go-to-market processes used by SaaS companies for Rebel's $65M Fund I and $100M Fund II. Rebel’s mission is to identify and invest in the top 0.1% of the 40,000 tech startups that apply to each batch of Y Combinator, the #1 accelerator in the world, and is supported by founders of some of the most accomplished ‘unicorns’ (Reddit, Instacart, Cruise, and others) to ever graduate from the program.

2019 - 2024

  • Executive Member

    2019 - 2024

    Revenue Collective is a private, invite-only, membership organization for commercial growth operators. Membership consists of 500+ leaders from Sales, Marketing, and Operations. Chapters in New York, Los Angeles, London, Denver, Boston, Toronto, Indianapolis, San Francisco, and Amsterdam.

2020 - 2023

  • Founding Team

    2020 - 2023

    Challenge: Large proprietary database & deep machine learning sold to political campaigns needed to expand to eCommerce. Solution: As employee #1, built the entire foundation of product, sales, and marketing. Results within the first six months: Closed 6 enterprise deals, ACV $60K, avg sales cycle <30 days, 100% of pilots converted to annual, 75% of deals sold without discounting, every customer was referenceable Challenge: In Q4 2022, the company moved up-market with a new product. Solution: Devised and executed over 30 new GTM experiments to get more pull from the market through organic conversations instead of a push from the seller through cold outreach. With a lower headcount powered by Generative AI and a Virtual Assistant, company saw only a minor reduction in meetings booked, higher conversion rate from first meeting to close, and 75% of new meetings booked were from target accounts generating over $1B in revenue.

2019 - 2020

  • Head of Enterprise Sales, Founding Team

    2019 - 2020

    (acquired by Saab in 2023) Challenge: Company sold technology as project-based revenue for three years to US Government. Needed to take a cutting-edge computer vision deep learning technology with no repeatable product and find a way to sell to commercial enterprises. Solution: Conducted initial market research to validate Oil & Gas, Manufacturing, and Insurance as key verticals to go-to-market. Worked backwards to find the biggest pains of each vertical and tie them back to the company’s solutions. Ran end-to-end sales cycles to close marquee logos.

2017 - 2019

  • Director of Enterprise Sales

    2017 - 2019

    (acquired by Social Capital in 2020) Challenge: Series A funded company with product adopted by political campaigns and non-profits needed a leader to propel Enterprise expansion. Solution: Led efforts to turn the product into an Enterprise platform adopted by the Fortune 50 and some of the most valuable companies in the world. Created a systematic process to validate and invalidate new use cases based on product/market fit which became the company’s engine for operational efficiency and future growth. - Built and managed an organization of salespeople to turn a hypothesis into initial market analysis then into the first customer wins in a new market and ultimately to finding repeatability and predictable revenue. - Navigated a highly regulated market by leading cross-functional teams to pro-actively de-risk Enterprise compliance and data security blockers such as GDPR, TCPA, SOC 2 Type II, and customer data deletion. Hustle is a campaign-based, peer-to-peer messaging platform designed empower to organizations to humanize communication with their audiences while maintaining data privacy and compliance. Texting with Hustle compliments other communication strategies and brings real human connection back in the digital era when people ignore bots and prefer to talk to real people. Hustle is the leader in transforming how individuals and institutions build meaningful, long-lasting relationships. Backed by world-class venture firms including Insight Venture Partners, Google Ventures, Social Capital, Salesforce Ventures, and Kapor Capital.

2016 - 2017

  • Sales Director

    2016 - 2017

    Challenge: UK-based company built a repeatable business in the EU. First non-executive salesperson hired to expand the product into NA. Required an enterprising agitator to instill best practices and prove product/market fit. Lean start-up mentality with no BDRs/SDRs, no sales engineers, very little brand awareness, and minimal support from marketing. Solution: Exceeded quota within the first year by closing deals with Fortune 500. Responsible for end-to-end sales process including prospecting, executive summaries, RFPs, sales presentations, demos, etc. - Forged co-selling relationship with a strategic technology partner. - Sold complex enterprise product at 2-3x the nearest competitor’s price using STRONGMAN methodology. Performance Horizon is a technology company replacing the traditional networks connecting advertisers to their digital partners. Clients are empowered to drive online traffic and sales based on strategic objectives such as margins, inventory, seasonality, geography, new vs. returning customers, and more. We do this for some of the largest, most complex enterprises including Uber, Google, Expedia, Spotify, Virgin Australia, Marriott, Square, Burberry, Tommy Hilfiger, Nike, and British Airways. Our platform drives $3B+ in advertiser top line revenues across 120,000+ marketing partners in 170+ countries processing payments in 50+ currencies and providing support in 50+ languages. Mithril (Thiel Capital) is lead investor.

2014 - 2016

  • New Business

    2014 - 2016

    (IPO'ed in 2019) Sales Pioneer of first SMB product Challenge: Medallia’s first foray into SMB market. Product was two years old and never had a full time sales person and needed to escalate revenue and process improvements. Solution: Led efforts to simplify sales price, update contracts, extend subscription length, optimize outbound sales activities, refresh sales messaging, and streamline sales cycle. Catalyst for Lead Gen Challenge: Second lead gen rep ever hired for the company and went six months without a manager. Needed someone to help scale the operation and efficiently (and creatively) generate pipeline. Solution: Tested innovations and scaled them across the sales ecosystem including sales tools, C-level messaging, prospecting blitz, a system to source leads from employees, and “chaski” deliveries to executives. Tech Inclusion Challenge: As company grew, needed to increase inclusion and access to opportunities for underrepresented talent. Solution: Co-founded "Medallia Medley". Galvanized grass-roots, cross functional teams and later earned executive sponsorship from Head of HR and co-founder/President. Led weekly meetings to drive institutional change including hiring FT D&I resource, rebuilding unconscious bias workshops to include race, and expanding talent pool.

  • Inside Sales Representative

    2013 - 2014

    (acquired by Verizon in 2016) The foundation of my cold calling technique was built during my time at Fleetmatics. Minimum of 100 cold calls a day selling software to blue collar business owners in New York/New Jersey who still had aol.com email addresses. - Top selling agent in office of 40+ and fastest selling rookie in publicly traded company’s 10 year history. - Inducted into highly coveted and prestigious “Century Club” for sales achievement in first selling month. Award bestowed on agents that sell 100 units in one month. Average agent sells 30/month and takes him/her 6+ months to reach 100 unit/month. - Innovated company’s traditional lead generation via Twitter. Led to a six figure deal in first week of launch.