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Sealing the Deal with Large
Enterprise:
The Big Company
Caroline McCarthy @caro

Tips for Startups
Cheryl Yeoh @cherylyeoh
The 5 Keys to Success
Start small
Be prepared
Show your creativity
Read the fine print
Speak the language
Start small
Be strategic - don’t go big and fast all at once.
Your future partner has to trust you first.
Be prepared
Make sure that your accounting is in order and
that their payment timeline fits your budget.
Show your creativity
Demonstrate in your proposal that you’ll be true
to the brand but will still innovate.
Read the fine print
If you’ve been sent information about how to do
business with the client, read it. No, seriously.
Speak the language
If you’re working with sales or marketing, know
their jargon even if it makes you cry a little inside.
Sealing the Deal with Large
Enterprise: Tips for
Entrepreneurs & Startups
Cheryl Yeoh
@cherylyeoh
A Little Background...
Case Studies from...
The 6-Step Process
1.Research -> Reaching Out
FACT 1:
 “People Want to Do
Business With People
     They Like”
FACT 2:
“Don’t Give Up. There are
multiple channels & doors”
The 6-Step Process
1.Research -> Reaching Out

2.Initial Informational Meetings

3.Show Progress -> Send Updates

4.Pitch Meeting
FACT 3:
Large Corporations Want to Work With
Startups that Can Provide:

1) Value-added services/product/tech they can’t
   build in near term
2) Increased speed & time to market in a vertical
The 6-Step Process
1.Research -> Reaching Out

2.Initial Informational Meetings

3.Show Progress -> Send Updates

4.Pitch Meeting
5.Integration, Timeline & Negotiations

6.Launch Pilot Study -> Track Results
FACT 4:
“A Partnership No Matter How Small is
        Akin to An Investment”
What Not To Say:
1) Don’t offer to do something the company thinks it can
   do itself
2) Don’t say how “easy” it is to integrate

What To Say:
1) How you’ve already proven yourself in marketplace
   against competitors
2) What makes you unique (technology, traction, etc)
3) Level of effort for integration - pilot study / proof of
   concept

* Long term stability of company (funding, etc)
* Depends on priorities within organization - timing is key
Thank you so much! Did you like this talk?
       Here’s our tip jar for charity.
      http://bit.ly/LadiesTrek

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Sealing the Deal with Large Enterprise

  • 1. Sealing the Deal with Large Enterprise: The Big Company Caroline McCarthy @caro Tips for Startups Cheryl Yeoh @cherylyeoh
  • 2. The 5 Keys to Success Start small Be prepared Show your creativity Read the fine print Speak the language
  • 3. Start small Be strategic - don’t go big and fast all at once. Your future partner has to trust you first.
  • 4. Be prepared Make sure that your accounting is in order and that their payment timeline fits your budget.
  • 5. Show your creativity Demonstrate in your proposal that you’ll be true to the brand but will still innovate.
  • 6. Read the fine print If you’ve been sent information about how to do business with the client, read it. No, seriously.
  • 7. Speak the language If you’re working with sales or marketing, know their jargon even if it makes you cry a little inside.
  • 8. Sealing the Deal with Large Enterprise: Tips for Entrepreneurs & Startups Cheryl Yeoh @cherylyeoh
  • 11. The 6-Step Process 1.Research -> Reaching Out
  • 12. FACT 1: “People Want to Do Business With People They Like”
  • 13. FACT 2: “Don’t Give Up. There are multiple channels & doors”
  • 14. The 6-Step Process 1.Research -> Reaching Out 2.Initial Informational Meetings 3.Show Progress -> Send Updates 4.Pitch Meeting
  • 15. FACT 3: Large Corporations Want to Work With Startups that Can Provide: 1) Value-added services/product/tech they can’t build in near term 2) Increased speed & time to market in a vertical
  • 16. The 6-Step Process 1.Research -> Reaching Out 2.Initial Informational Meetings 3.Show Progress -> Send Updates 4.Pitch Meeting 5.Integration, Timeline & Negotiations 6.Launch Pilot Study -> Track Results
  • 17. FACT 4: “A Partnership No Matter How Small is Akin to An Investment”
  • 18. What Not To Say: 1) Don’t offer to do something the company thinks it can do itself 2) Don’t say how “easy” it is to integrate What To Say: 1) How you’ve already proven yourself in marketplace against competitors 2) What makes you unique (technology, traction, etc) 3) Level of effort for integration - pilot study / proof of concept * Long term stability of company (funding, etc) * Depends on priorities within organization - timing is key
  • 19. Thank you so much! Did you like this talk? Here’s our tip jar for charity. http://bit.ly/LadiesTrek