In this insightful episode of Founders' Marketing Compass, host Etgar Shpivak interviews Lior Handelsman, Partner at Grove Ventures and co-founder of SolarEdge (a company that reached a $20B valuation). Drawing from his 15 years of experience leading product strategy and marketing, Lior shares invaluable wisdom on building effective marketing teams for early-stage startups. From understanding market dynamics to knowing when to hire in-house versus outsourcing, Lior dispels common myths about marketing organization structure and offers practical frameworks to help founders make better decisions about their go-to-market strategy.

Key Takeaways:

* Market immersion is essential. Successful founders and marketing teams must go beyond surface-level insights to deeply understand market players, trends, and sales mechanisms.

* Founder-led marketing first: Even tech-focused founders need to lead initial marketing and sales efforts before hiring specialists - only founders can discover what truly works.

* Start with VP, not CMO: To reduce risk and maintain flexibility, begin with a VP of Marketing rather than a CMO when hiring full-time marketing leadership.

* Fractional expertise works early: Advisors and fractional CMOs are valuable for early-stage guidance while founders handle execution.

* Repeatability test: Before scaling your marketing team, verify that your sales process is repeatable across similar customer types with consistent pitches.

* Track the right metrics: Beyond ACV and CAC, monitor time-to-close and performance uniformity across team members to determine scaling readiness.

* Marketing compensation structure: Performance-based compensation works better for sales than marketing; annual bonuses based on overall performance are more effective for marketing teams.

* Process over perfection: Establish transparent marketing processes that are understandable, effective, and measurable, especially by Series A.

* Know who you're NOT targeting: Understanding who isn't your target can be as valuable as knowing who is when building marketing strategies.

* Accept constant improvement: Nothing in a startup ever reaches "smooth sailing" - the key is prioritizing what needs fixing today versus tomorrow.

Chapters:

00:00 - Introduction and Lior's background 02:26 - What makes startup marketing teams successful 03:44 - Handling founding teams with technical expertise but marketing gaps 06:32 - When to hire full-time vs. fractional CMOs 09:14 - Repeatability as the key metric for scaling marketing 10:50 - Setting the right marketing KPIs 14:13 - Marketing budget allocation benchmarks 15:10 - In-house marketing vs. external agencies 17:14 - Marketing team compensation strategies 21:26 - Due diligence process for marketing teams 23:02 - Addressing short tenure in marketing roles 26:36 - Common startup misconceptions debunked

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Lior's LinkedIn: https://www.linkedin.com/in/liorhandelsman/

Etgar's LinkedIn: https://www.linkedin.com/in/etgar/

Keywords: startup marketing, founder-led sales, fractional CMO, marketing KPIs, marketing budget allocation, marketing compensation, marketing team structure, early-stage startups, go-to-market strategy, B2B marketing, Grove Ventures, marketing metrics, seed-stage marketing, startup scaling

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit etgar.substack.com