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The Revenue Formula
The Revenue Formula
Author: Toni Hohlbein & Raul Porojan
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© 2025 Revenue Formula
Description
This podcast is about scaling tech startups.
Hosted by Toni Hohlbein & Raul Porojan, together they look at the full funnel.
With a combined 20 years of experience in B2B SaaS and 3 exits, they discuss growing pains, challenges and opportunities they’ve faced. Whether you're working in RevOps, sales, operations, finance or marketing - if you care about revenue, you'll care about this podcast.
If there’s one thing they hate, it’s talk. We know, it’s a bit of an oxymoron. But execution and focus is the key - that’s why each episode is designed to give 1-2 very concrete takeaways.
Hosted by Toni Hohlbein & Raul Porojan, together they look at the full funnel.
With a combined 20 years of experience in B2B SaaS and 3 exits, they discuss growing pains, challenges and opportunities they’ve faced. Whether you're working in RevOps, sales, operations, finance or marketing - if you care about revenue, you'll care about this podcast.
If there’s one thing they hate, it’s talk. We know, it’s a bit of an oxymoron. But execution and focus is the key - that’s why each episode is designed to give 1-2 very concrete takeaways.
244 Episodes
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Most misses in sales are baked into the plan before the year even starts.In this episode, Toni talks with Scott Domareck, a four-time VP of Sales who’s been through every phase of growth, exit, and burnout imaginable. Together, they break down the hidden mistakes that ruin annual planning long before execution begins.From massaged Excel spreadsheets to unrealistic ramp times and compounding assumptions that look great to investors but kill execution, they get real about what actually happens inside revenue planning season, and how to build a plan you can actually hit.This episode is brought to you by Evergrowth — Their Agentic GTM Workspace enables revenue teams to collaborate and win with AI-powered teammates, breaking down silos and helping B2B teams grow smarter with fewer resources. Want to work with us? Learn more: revformula.io(00:00) - Introduction
(04:16) - The Reality of Planning Season
(07:22) - Transparency and Context in Planning
(13:12) - Compounding Effects in Sales Planning
(18:14) - Involvement of Go-to-Market Leadership
(25:29) - Trust and Executive Leadership
(28:43) - Top Mistakes in Hiring
(30:49) - Staggering for Supply and Demand
(34:02) - Challenges in Scaling and Execution
(41:04) - The Reality of Adding New Elements to the Plan
(43:34) - Risk Management and Buffers
(46:31) - Planning for Attrition and Unexpected Events
(49:13) - Final Thoughts and Future Discussions
AI in go-to-market is mostly bullshit.In this episode, Toni talks with Koen Stam, a senior sales leader at Personio and creator of GTMOS. They break down where AI is actually helping in sales, marketing, and customer success, and where it’s falling apart.They talk about why “AI SDRs” don’t live up to the pitch, why outbound emails generated by AI are useless without context, and why most teams don’t have the data or workflows to make AI perform. Koen shares how he uses AI at Personio for tasks like research, call prep, and churn prediction, and why the fundamentals still matter more than hype.Visit Personio: https://www.personio.com/Read Koen's Substack: https://koenstam.substack.com/Learn more about Attive: attive.ai (00:00) - Introduction
(04:04) - The Importance of Context in AI
(07:14) - Challenges in AI Implementation
(10:47) - AI and SEO
(14:56) - AI in Sales and SDRs
(23:06) - Proactive AI Assistance
(25:43) - Balancing Automation and Relevance
(28:10) - AI in Sales and Call Coaching
(31:35) - The Importance of Practical AI Applications
(41:28) - Proactive Churn Prediction with AI
(48:05) - Wrapping up
Everyone dreams about taking their company global. But most teams have no idea how hard it really is.In this episode, Toni sits down with Shantanu and Koen from Personio to talk about why expanding into new markets can easily sink your go-to-market strategy. They’ve both helped companies like Gong, LinkedIn, and Personio grow across borders, and they’ve got the scars to prove it.They dig into what founders get wrong about international expansion, how to tell if your product actually fits a new geography, and why “just translating the website” is never enough. You’ll hear how cultural nuances, regulations, and even small hiring decisions can make or break your success abroad.This episode is brought to you by Evergrowth — Their Agentic GTM Workspace enables revenue teams to collaborate and win with AI-powered teammates, breaking down silos and helping B2B teams grow smarter with fewer resources. Want to work with us? Learn more: revformula.io(00:00) - Introduction
(03:57) - Common Mistakes in Expansion
(09:10) - Product Geo Fit
(11:59) - Localized Market Strategies
(19:25) - Cost and Investment in New Markets
(24:07) - Finding the Right International Leader
(25:53) - Practical Approaches to Market Entry
(32:07) - Viewing Expansion as a Bet
(34:51) - Team and Culture Considerations
(37:31) - Leadership Advice for International Expansion
(43:13) - Balancing Global and Local Needs
(47:24) - Navigating Complexity in International Operations
Most companies still hire salespeople wrong in 2025.They rely on resumes, gut feeling, and vague interviews instead of testing real skills. In this episode, Raul and Toni explain why that approach fails and how to replace it with a system that actually works.They break down a practical process to identify what you really need, define the skills that matter, and test candidates in realistic scenarios. No fluff, no guesswork, just a repeatable way to hire people who can actually sell.This episode is brought to you by ZoomInfo, the Go-To-Market Intelligence Platform. ZoomInfo gives you high-quality B2B data and sales intelligence on in-market buyers across companies of all sizes, powered by AI-driven automation with integrated outreach tools to help your GTM teams build pipeline and close deals faster. Check them out at zoominfo.com/revenue-formula Want to work with us? Learn more: revformula.io(00:00) - Introduction
(01:41) - Hiring is Broken
(07:09) - Basics of Effective Hiring
(12:35) - The Myth of the Perfect Candidate
(14:20) - Understand your Needs and Context
(16:56) - Time Pressure in Hiring
(22:02) - The Three Step Solution
(29:10) - Assessing Candidates: Interpretation
(30:16) - Assessing Candidates: Talking
(31:21) - Assessing Candidates: Showing
(32:53) - Assessing Candidates: Doing
(36:53) - Iterating on the Process
(39:57) - Roleplaying in Sales Hiring
(43:33) - Hiring Sales Leaders
(46:00) - Final Thoughts and Takeaways
What does the future AE look like in the age of AI?Toni and Raul break down how AI could transform sales productivity, reshape go-to-market structures, and create the $5M ARR AE. From hyper-optimized workflows to the rise of the “celebrity AE,” this episode explores three new models that redefine what top performance looks like.This episode is brought to you by Evergrowth — Their Agentic GTM Workspace enables revenue teams to collaborate and win with AI-powered teammates, breaking down silos and helping B2B teams grow smarter with fewer resources. Want to work with us? Learn more: revformula.io(00:00) - Introduction
(03:00) - The 5M ARR AE with AI
(11:17) - Hyper Optimized Enterprise AE
(15:18) - AI-Assisted Sales Meetings
(19:04) - Maximizing Sales Efficiency
(20:50) - Salesperson as a High Performer
(22:01) - Factory Automation
(24:42) - The SMB Multitasker
(32:44) - The Celebrity AE
(35:29) - Influencer Crossovers in Sales
(39:00) - Wrapping up
(40:42) - Next Week: The 2025 Hiring Playbook
James Roth, CRO at ZoomInfo, joins Toni to break down how AI is reshaping go-to-market. From the collapse of inbound demand to the rise of intelligent outbound, he explains how teams can stay efficient, use AI without the hype, and turn data into real impact.We also talk about ZoomInfo’s $1.2B ARR growth, the myth of “AI-native” startups, and what go-to-market intelligence actually means in 2025.Want to work with us? Learn more: revformula.io(00:00) - Introduction
(01:38) - ZoomInfo's Growth and Public Perception
(06:45) - AI's Role Today
(10:04) - ZoomInfo's Approach to AI and Competition
(15:35) - Go-to-Market Intelligence Explained
(21:09) - Integration and Collaboration in the Industry
(26:01) - SEO Challenges and Market Impact
(28:45) - The Resurgence of Outbound Sales
(33:27) - AI's Role in Sales Efficiency
(39:46) - Leveraging AI for SMB Data
(46:39) - The Drive for Efficiency with New Tools
(53:10) - Next Week: $5M ARR per AE with AI
Feeling burned out or stuck in your job? Chris Walker says the real problem might not be your boss or your paycheck, it’s the frequency you operate in.In this episode, he shares with Toni how trusting his intuition led him to sell Refine Labs and step away from the company he built, and why he believes we’re leaving the Information Era and entering a new “Frequency Era,” where your energy and mindset matter more than credentials or experience. Chris explains the six tiers of frequency, what it takes to move beyond stress and burnout, and how urgency and constant pressure can quietly pull a whole company into low-frequency habits.Want to work with us? Learn more: revformula.io(00:00) - Introduction
(01:56) - The Decision to Exit Refine Labs and What's Next
(11:09) - The Shift from Information Era to Frequency Era
(15:37) - What is Frequency?
(20:13) - Frequency Tiers and Personal Growth
(22:46) - Tier One: Recognizing the Illusion
(24:05) - Tier Two: Breaking the Illusion
(26:17) - Tier Three and Beyond: Energetic Mastery
(32:10) - Example: How You Relate to Time
(33:49) - Where Frequency meets Business
(37:06) - Defining Success Beyond Financial Metrics
(42:39) - The Power of Choice and Awareness
(44:13) - Examples of Different Company Frequencies
(46:54) - The Role of Urgency and Pressure
(51:19) - Impact of Venture Capital on Company Frequency
(55:16) - Leadership and Frequency Alignment
(01:05:45) - Final Thoughts and Personal Journey
(01:09:13) - Next Week: Zoominfo's James Roth on AI in Sales and Marketing
Automation and cheap data turned outbound into spam and Google’s new rules are shutting the door on mass email. AI only made the noise louder. In this episode we break down how the predictable-revenue model collapsed, why reply rates keep falling, and why phone calls and research-driven outreach are proving more effective. JB Daguené, founder and CEO of Evergrowth, explains how his team uses AI digital colleagues to help sales teams start real conversations instead of just firing off sequences. (00:00) - Introduction
(01:05) - JB's Journey with Trustpilot
(04:04) - The Early Days of E-commerce and Customer-Centric Sales
(14:37) - The Impact of Predictable Revenue
(17:47) - The Rise of SDRs and Data Challenges
(18:53) - How did we get here?
(21:57) - Automation, AI and Pipeline Management
(24:40) - The SDR Playbook
(26:57) - Challenges with Tools and Silos
(29:17) - Google's Crackdown on Email Spam
(33:04) - The Resurgence of Phone Calls
(35:48) - Evergrowth's AI Tool
(37:58) - Understanding Agentic Workflows
(45:47) - Avoiding AI Hallucinations
(53:55) - Wrapping up
(55:51) - Next Week: Chris Walker on Frequency
Leaderrs rarely talk about their own health even though it drives every decision. Toni and Raul share their own experiences and what they learned from interviews with 17 founders and C-level leaders about mental and physical habits.They dig into how stress, sleeplessness and company performance feed into each other, how common burnout and anxiety really are, and why so many leaders slip into drinking or other forms of self-medication without noticing.(00:00) - Introduction
(06:45) - Mental sealth statistics among founders
(09:33) - Physical Health and Company Performance
(11:53) - Stress and sickness correlation
(16:17) - Do we self medicate too much?
(23:33) - Health routines of successful CEOs
(28:20) - Exercise routines
(30:32) - Challenges of maintaining health when you have kids
(34:19) - Health as a job responsibility for founders
(39:21) - Improving sleep quality
(44:04) - Diet and nutrition
(47:13) - Final thoughts
(48:50) - Next week: JB from Evergrowth on sales and automation
Want to lose your best sales reps fast? Screw up their comp plan. In this episode, we sit down with Antoine Fort, CEO of Qobra, to dig into the classic mistakes that drive top performers out the door. We talk about why overcomplicated plans kill motivation, how underpaying top reps quietly drains revenue, and why immediacy and trust are non-negotiable if you want comp plans to work.We also get into clawbacks, the mess of usage-based and outcome-based models, and what really happens when you ignore the value of your top reps. Antoine explains why accelerators, recognition, and clear career paths matter just as much as salary, and why forcing high performers into management usually blows up in your face.(00:00) - Introduction
(00:54) - Antoine's Background and Qobra
(07:01) - Challenges in Sales Compensation
(10:49) - Simplicity in Compensation Plans
(14:16) - Immediacy and Trust in Sales Compensation
(18:57) - You're Underpaying Top Sales Reps
(30:31) - How to Keep Your Best Reps Happy
(39:26) - Commission on Renewing Customers
(41:18) - Retention Strategies for Sales Reps
(44:35) - Hiring New Reps: When and How
(46:02) - AI and Usage-Based Pricing Challenges
(01:00:39) - Differences in Commission Structures: US vs Europe
(01:04:32) - Next Week: Health & Mental Health for Founders
AI SDRs, pipeline starvation, and overhyped tools dominate today’s revenue conversations. But how much of it actually works in practice?Toni sits down with Todd Busler, CEO of Champify, to cut through the noise. They dig into the reality of AI in sales, the pressure to chase shiny tools, and why short-term thinking is breaking go-to-market strategy. Todd also shares the underestimated challenges of founding a company and where he sees real opportunities for growth.(00:00) - Introduction
(01:11) - Todd's Journey to Founding Champify
(06:48) - Challenges in Go-to-Market Strategies
(10:44) - The Reality of AI SDRs
(13:42) - Cost-Cutting with AI
(18:11) - Jason Lemkin's AI Insights
(21:14) - Overhyped Tools?
(26:45) - The Short-Term Pressure in Go-to-Market
(30:27) - Zombie Unicorns and Market Realities
(32:05) - Trends in Cold Calling and Power Dialers
(34:42) - The Rise of In-Person Events
(36:50) - Navigating the Confusing Tooling Landscape
(42:02) - The Challenges of Starting a Company
(47:18) - The Pressure of Venture Capital
(54:42) - Closing Thoughts
(56:00) - Next Week: Antoine Fort, CEO of Qobra
Pipelines are drying up. AI hasn’t delivered the growth it promised. And the old playbooks like SEO and outbound just don’t work the way they used to. We call it the great pipeline starvation, and in this episode we break down what’s really happening, what it means for sales and marketing teams, and how companies are trying to adapt. This episode is brought to you by ZoomInfo, the Go-To-Market Intelligence Platform. ZoomInfo gives you high-quality B2B data and sales intelligence on in-market buyers across companies of all sizes, powered by AI-driven automation with integrated outreach tools to help your GTM teams build pipeline and close deals faster. Check them out at zoominfo.com/revenue-formulaWant to work with us? Learn more: revformula.io(00:00) - Introduction
(02:10) - Pipeline starvation
(05:22) - Breakout companies are dominating
(06:50) - The cost of lead gen
(15:54) - The role of AI in cost reduction
(20:18) - The future of sales and marketing automation
(27:10) - The impact of AI on job roles
(31:05) - The limitations of AI in growth
(35:21) - The augment Bucket: Enhancing roles
(39:36) - Zero waste GTM
(46:35) - Final thoughts
(47:27) - Next week: Todd Busler on the rev tech industry
What do video games have to do with business growth? More than you think.In this episode, Toni and Raul explain how their gaming past helps them spot company issues almost instantly. Using the idea of levels, just like in video games, they show why businesses get stuck, how to know what level your company is really on, and what it takes to move forward the right way.Want to be a guest on the show? Learn more at revformula.io(00:00) - Introduction
(06:53) - Levels Explained
(11:53) - Hiring the Right People at the Right Time
(16:41) - Strategic Roadmaps and Levels
(19:12) - Situational Dependency in Business Advice
(20:14) - CRM Implementation Challenges
(25:28) - The Importance of Process Maturity
(31:47) - Three Main Problems
(35:13) - Our Solution
(37:30) - Next Week: Zero Waste GTM
Remote work and AI promised to make us more productive. The data says otherwise.In this episode, we unpack new research showing remote workers put in about two and a half hours less each day than office teams, and studies suggesting AI tools can weaken critical thinking and slow skill growth. We explore what happens when these trends collide, how they impact career development, and why leaders need to address the issue now.Sources:U.S. Bureau of Labor Statistics 2024 study Measuring the Impact of Early-2025 AI on Experienced Open-Source Developer Productivity Your Brain on ChatGPT: Accumulation of Cognitive Debt when Using an AI Assistant for Essay Writing Task Never miss a new episode, join our newsletter on revenueformula.substack.com(00:00) - Introduction
(03:25) - Research: Remote work is not working
(09:31) - Parkinson's Law of Productivity
(16:50) - Distractions in work environments
(17:48) - Remote work and career development
(24:01) - AI's impact on developers
(28:41) - Study: AI making us dumber?
(32:34) - The Future of Cognitive Functions
(40:59) - Final thoughts
(41:58) - Next week: What have we been working on?
In this episode, we talk about the messy shift from founder-led sales to something more scalable. A lot of teams trip up here. It's not just about hiring the right people, it's about whether the company is actually ready for them.Early sales hires often fail because the structure, process, or timing is off. The conversation introduces the idea of level awareness, a way to figure out if your setup matches the stage you're in. The same problems tend to repeat, whether you're at $1M or $50M ARR.(00:00) - Introduction
(02:12) - Challenges in Founder-Led Sales
(05:36) - Diagnosing Founder-Led Sales Issues
(08:36) - Hiring Challenges and Misconceptions
(11:12) - Framework for Scaling Sales Teams
(13:39) - Levels of Sales Maturity
(19:20) - Defining Level One
(23:27) - Hiring for Stage Level Fit
(25:25) - Common Founder Regrets
(27:13) - Hiring Sales Leaders with Level Awareness
(34:53) - Challenges of Premature Scaling
(36:31) - Conclusion
(37:37) - Next Week: Is Remote Work & AI Making Us Less Productive?
Did AI actually kill SEO? Or are recent traffic drops for sites like HubSpot a sign of something else entirely? In this episode, we’re joined by Sam Dunning, founder of Breaking B2B and a leading expert on search strategy, to unpack what’s actually happening in the world of SEO. We talk about how AI overviews are changing the way people find information, and what it all means for marketers and revenue teams.Sam shares when SEO still makes sense, when it doesn’t, and what to focus on if you want to drive real pipeline today. We also dive into AI-generated content, the role of brand in LLM-driven search, and how to build a practical keyword strategy that works in 2025.(00:00) - Introduction
(01:58) - Did AI kill SEO?
(06:17) - When SEO doesn't make sense
(10:05) - Does SEO still take forever to build?
(12:24) - Should we just generate AI content?
(15:39) - Buidling a Money Keyword Matrix
(22:20) - Who should own the matrix?
(24:45) - Quicker vs longer strategies
(29:07) - Old school SEO in a world of LLMs
(34:08) - Brand builders have a step up
(36:21) - Common LLM hacks
(43:00) - Measuring SEO in a world of LLMs
(48:24) - Nothing's changed. Everything's changed.
(50:29) - Wrapping up
Nobody wants to touch pricing. It’s political, it’s messy, and if it goes wrong, everyone remembers who led the project. But here’s the thing—when it works, it really works.In this episode, Toni and Raul talk about why pricing changes freak people out, what actually happens when you go through with them, and how even small tweaks can drive serious revenue. They’ve both run pricing projects that paid off big, and they’ve got the scars to prove it.If pricing’s been on your to-do list forever but you keep punting it… this one’s for you.(00:00) - Introduction
(01:36) - The dread of pricing changes
(04:29) - Balancing new prices and losing customers
(05:53) - Lead pricing changes without losing your job
(08:55) - Who should own pricing changes?
(10:10) - Creating a pricing steering committee
(12:38) - Consultants in pricing projects
(17:00) - Are we over complicating it?
(19:44) - Churn and pricing relationship
(25:02) - The external and internal narrative
(29:47) - Phasing pricing changes
(31:10) - Pricing moves in PLG
(32:59) - Conclusion
In this episode, we’re joined by Chris Tottman from Notion Capital. Before becoming a VC, Chris co-founded MessageLabs and helped grow it into a $700 million exit, so he’s seen the startup journey from both sides of the table.We talk about what really happens when your product-market fit starts to slip—and why it quietly wrecks your entire go-to-market strategy. Sales start missing targets. Marketing can’t get traction. Churn creeps up. But most teams keep pushing forward without realizing the core problem is the product just doesn’t fit anymore.(00:00) - Introduction
(09:55) - Common mistakes in Go-To-Market strategies
(19:54) - Identifying a VC case
(30:05) - Importance of Product Market Fit
(39:38) - Transitioning from VC to PE
(50:07) - Next week: pricing changes
Not all consultants are worth it. Some drive real impact. Others just burn your time and budget.In this episode, Toni and Raul dive into how to tell the difference. They break down when it actually makes sense to bring in outside help, how to vet someone properly, and the biggest red flags to avoid.You'll learn why consulting is a real skill, what good execution support looks like, and how to think about pricing and value. (00:00) - Introduction
(02:48) - Do you actually need consultants?
(05:22) - The consulting relationship with startups
(08:29) - Identifying red flags
(10:41) - The hammer people
(16:17) - Consulting is a skill
(21:14) - Consultants as challengers
(24:40) - Pricing and value in consulting
(30:06) - Execution and enablement
(33:38) - Summary
(35:45) - Next week: Chris Tottman on VCs
In a world of AI-generated noise and automated outreach, Cliff Simon has built a multi-million dollar business by doing something simple but rare: showing up in person.In this episode, Cliff shares how he turned events, community dinners, and authentic relationships into a powerful go-to-market strategy. He breaks down why most event-based approaches fail, what it really means to play the long game, and how founders and revenue leaders can drive growth without relying on cold outreach.Never miss a new episode! Join our newsletter at revenueformula.substack.com(00:00) - Introduction
(01:53) - The Importance of In-Person
(06:01) - The Role of Pavilion
(08:08) - Building Relationships
(12:09) - Building for Long Term
(16:41) - Modern Networking Tactics
(21:58) - Evaluating Event Success
(24:57) - Common Misconceptions in Event Strategy
(26:34) - Effective Event Strategies
(31:39) - The Power of Personal Branding
(32:13) - Comparing Rev Ops Events
(36:28) - Next Week: What You Need to Know About Consultants



