Juan George (JG) is the Co-Founder of 858 Partners, a boutique restaurant technology management & investment firm that he co-founded with his former CRO in January 2023. 858 Partners provides go-to-market expertise, capital, and connections to restaurant technology organizations possessing the ingredients to achieve extraordinary success within the Enterprise Restaurant Vertical. Prior to launching his agency, JG was the former SVP of Enterprise Sales at Olo, the leading on-demand commerce platform for the multi-unit restaurant space. JG joined Olo as a Seed Stage start-up and over the course of a 15+ year run helped the company go public on the NYSE under the ticker OLO. During his tenure as an IC/Leader, Olo signed 71% of the Enterprise Restaurant Market (82,000 locations) and become the gold standard for enterprise software in the restaurant tech ecosystem. Olo’s growth story is a masterclass in focused, lean, and efficient GTM execution in a period of market excess. Of the 2021 vintage of SaaS IPOs, Olo was the single most efficient in 2 categories: 1) Lowest Sales to Revenue Ratio (8%) and 2) Lowest Burn Multiple (0.05%).
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(3:05) JG’s background and experience at Olo
(11:53) Update on 858 Ventures and JG’s recent transition from Operator to VC
(21:00) Enterprise sales efficiency and the new vertical SaaS playbook
(35:44) How Olo began it’s winning streak straight into IPO
(43:02) JGs biggest mistake as an operator hiring insider sales reps
(44:48) Biggest learning throughout JP’s 15 year stint at Old
(51:42) JG’s controversial claim that Outbound is dead
(54:29) Hot take: You better be using ChatGPT at all times of the day
Other links and resources:
Food on Demand Article: https://foodondemand.com/03222023/with-new-venture-ex-olo-execs-launch-858-partners/
Don’t miss The .GTM Podcast dropping every Tuesday, discussing true stories and experiences including trials and tribulations in the Go-To-Market world.
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