The Vault Unlocked

How to Get Your First SaaS Customers Without a Product (The Customer Development Framework Nobody Teaches)

37 min
May 13, 202617 days ago
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Summary

Colin Stewart, a go-to-market expert who helped build Predictable Revenue, shares the customer development framework that took him from 18 months of zero traction to bootstrapping a company to $1M ARR in three months. The episode reveals how to validate product-market fit and acquire first customers before the product is finished by conducting structured customer interviews and asking for referrals.

Insights
  • Product-market fit is not binary but exists on a spectrum—it's a multiplier for all go-to-market efforts, not a prerequisite for starting sales
  • Customer development interviews should focus on listening to customer problems first, not pitching your solution, which fundamentally changes conversion rates from zero to high percentages
  • The customer development funnel converts interview subjects into paying customers by booking next steps at each stage and asking for referrals, creating a self-healing list that improves over time
  • Relationship-first prospecting (building genuine connections before selling) outperforms cold outreach and email campaigns, especially for B2B SaaS founders
  • Manual, Wizard-of-Oz service delivery before building software is a low-risk way to validate demand and generate revenue while learning what features customers actually need
Trends
Shift from 12-18 month product development cycles to rapid customer validation before building, enabled by AI and no-code toolsRise of bootstrapped SaaS companies validating product-market fit through services-first models before launching softwareRelationship-first prospecting gaining traction as alternative to cold email and LinkedIn outreach saturationCustomer development frameworks becoming standard practice in startup accelerators and founder educationEmphasis on conversion metrics and funnel analysis (volume, conversion rate, velocity) as early indicators of product-market fit strengthReferral-driven growth becoming primary customer acquisition channel for early-stage SaaS when product-market fit is strongPodcast and content-driven relationship building emerging as effective go-to-market channel for B2B SaaS foundersAI enabling rapid prototyping and MVP development, reducing time-to-validation from months to weeks
Companies
Salesforce
Discussed as example of cloud CRM that shifted from personal productivity tool to manager-controlled system, sparking...
Predictable Revenue
Book and methodology that Colin helped build; foundational framework for cold email and customer development strategi...
Sales Loft
Competitor in SDR productivity space that emerged around same time as Colin's startup; example of market validation t...
Outreach
Sales engagement platform that pivoted from recruiting tool to compete in SDR productivity space alongside Sales Loft
Uber
Case study demonstrating how strong product-market fit and positioning multiplies sales effectiveness; Uber Eats gene...
Rippling
Example of company with strong product-market fit achieving 2015-era email reply rates in current market due to brand...
People
Colin Stewart
Guest sharing customer development framework and zero-to-one revenue strategies from experience building multiple Saa...
Aaron Ross
Author of Predictable Revenue book that influenced Colin's customer development and cold email approach
Steve Blank
Author of customer development methodology books referenced as foundational framework for interview-based validation
Preston
Co-founder who worked on product development during 18-month period with zero customer traction
Francesco
Co-founder who worked on product development during 18-month period with zero customer traction
Roger
Mentor who gave Colin critical feedback that his approach wasn't working, catalyzing the pivot to customer development
Krista
Top account strategist who managed Uber account and demonstrated how product-market fit multiplies sales effectiveness
James
Early customer who offered $10K/month for manual service, demonstrating strong product-market fit signal
Lance
Design partner for Colin's current Reply Loop startup; met 20-25 times over 6 months for deep customer feedback
Sarah
Design partner for Colin's current Reply Loop startup; met 20-25 times over 6 months for deep customer feedback
AJ
Design partner for Colin's current Reply Loop startup; met 20-25 times over 6 months for deep customer feedback
Quotes
"Most founders build for 12, 18 months, then they pitch, then nothing happens, and they spend the next six months trying to figure out why nobody wants what they spent everything building."
HostOpening
"I was about 40% correct in like the whole vision of everything and 60% wrong. The insight was correct but how I wanted to solve that problem was terrible."
Colin StewartMid-episode
"Product market fit is a multiplier of all your go to market efforts, everything, marketing, sales, whatever, and you go to market channel tactic or anything."
Colin StewartMid-episode
"The strongest thing that you can do is relationship first prospecting and not trying to sell folks and not trying to start off the relationship with, hey, let me sell you some shit."
Colin StewartLate-episode
"If you don't ask for the referral, you never know. One question doubled the sales of everybody else on the team with the same amount of bookings."
Colin StewartLate-episode
Full Transcript
Most founders build for 12, 18 months, then they pitch, then nothing happens, and they spend the next six months trying to figure out why nobody wants what they spent everything building. My guest today went through that. 18 months, one customer, zero traction, and what he figured out on the other side became the framework he now uses to take SaaS founders from zero to their first real revenue before the product is even finished. His name is Colin Stewart. He helped build predictable revenue. He has done the zero to one journey more than once. And today he is breaking down the customer development process that most accelerators skip entirely. If you are building something right now, this conversation changes the sequence. Let's unlock it. Colin, welcome to the show. Today, I'm excited because I know you were behind and worked with the guys with Predictable Revenue, which was a phenomenal book I read back in, I think it was 2018, I was handed that book. And today, you've taken all the things you learned in that time, and you help founders, SaaS companies go from zero to one. You are the go-to-market strategy expert. And in marketing, going to market is all about that. So welcome to the show. Thanks, man. Appreciate you having me on. Welcome for being here. So tell us a little bit about your background so people understand who you are, why I can confidently say you're the go-to-market strategy expert, and what people can expect from listening today. Yeah. I mean, spent 10 years as a sales guy. I had the opportunity to help two different entrepreneurs start either a company or a division within a company. And I got to do the zero to one journey a couple of times, which was really fun. And then I always want to start my own thing. And so 14 years ago, I thought, hey, I'm that geeky kid who's good at sales, who's got pulled into every CRM project. I think I'll build a CRM system. And I'm a guy who knows I can close. And I probably, when I started, I'm probably, I'm definitely a much better salesperson now than I was when I started. But I thought when I started, I was very good. Turns out that wasn't necessarily an accurate assessment, but there's a whole other bunch of reasons there. But, you know, I went 18 months and I had only closed one deal. Trying to sell this CRM system that was like my idea. And that was, that was hard. Cause you know, you go from like a million and a half dollar a year, 240% quota, like all of that kind of stuff. Like you're just used to performing and then to go from that to zeros, you're like, Hmm, this feels different. And so, you know, demoralizing really demoralizing. And so, I mean, honestly, it was my like startup founder education, you know, if I would have just headed off the, if that tool made it to any sort of revenue, I would be an unsufferable asshole right now. Guaranteed. Okay. Um, it was a humbling experience. I'm pretty sure. And I hate admitting this, but I'm pretty sure I said the words, the Steve jobs of CRM, like more than once, at least I said it a bunch up here and it was just the, it gives you an idea of like the cocky, arrogant mindset that I had kind of coming into this. And that 18 months of like not delivering anything of value really chips away at that, which I think was a valuable experience. Yeah, I actually kind of want to talk about that because I know a lot of people starting out, I almost feel like you kind of have to go through that. Unless you get really lucky, you're going to go through the pain first before you get to the pleasure. But my question is, why did you stay in it for 18 months if you weren't making? We know in business, the first thing to do is sell, right? No sales, no business. um so i'm wondering what what what kept you in the game for so long for 18 months and then when was it when you're like oh this is definitely not going to work insanity stubbornness like i refusal to quit i like i'm not very good at quitting anything you know um whether it's you know giving up on a a board game taking a joke too far being like the last guy at the party because people like hey it's like morning you need to you need to get out of here. Like it's, uh, yeah, I call it the athlete DNA and it's one of the biggest factors, which is you hate to lose more than you love to win. A hundred percent. Everybody, everybody hates to lose. Winning's fun temporarily. Losing sucks. Terrible. Yeah. Yeah. A hundred percent. And like, so it was part of that and it was part, like, I really wanted to be an entrepreneur. I enjoy sales. I hated selling for somebody else and like just feeling that value creation go to somebody else. It's like, I know I'm good at what I'm doing. And I feel like I'm only capturing a teeny tiny portion of it. And that I didn't enjoy that. I also didn't enjoy that. Like, Hey, congrats. Like I had one good quarter. I closed a million and a half in a quarter and which was like, I've already hit, like I'm already 150% or whatever it was, or I don't know, I was a hundred and something percent of quota for the year in Q1. And by Q3, they were going to fire me. I was like, guys, this is like long sales cycles. I just happened to have everything lined up and a deal came in early. Otherwise it would have been like half and half and we'd be not stressed about anything. I'm like, so you're punishing me because I got lucky. And some client, like instead of an 18 month sales cycle, it was a seven month sales cycle. I was like, is that what we're talking about here? And so it just, I didn't enjoy that side of it. I like, really enjoyed the sales side. I really enjoyed the learning piece. And then I just felt like I capped out, you know, you like, you get good. It was like snowboarding. I got good at it. And then I'm like, okay, this isn't as interesting anymore because I feel like I can go anywhere on the mountain and like, ah, such a Canadian reference, but I can go anywhere on the mountain and I'm not really worried about it. And it just felt like I wasn't getting any better. And once I'm not getting any better anymore, then I just wasn't interesting. And so candidly, I wanted something harder. I I wanted something where I wasn't resetting the clock back down to zero every year of like, okay, you know, good, good job salesperson. You were 140% last year, you know, now you're back to 0% in January. And I just, I hated that. Like you work for the year and then it resets. Whereas like, I love the idea of you work your ass off and it's building something. And the harder you work, the higher probability it builds towards something that's sustainable and keeps going. And that's, I think one of the things that that was probably the biggest driver of like what kept me going is like, I knew I could go back to sales. I, at the same time I had my, my old boss. So I told him I'm not coming back, but he would still text me monthly, like pictures of commission checks and being like, yours would be bigger. wow yeah so let me ask you this what was the pivot what when when you you're so you're 18 months in you yeah at some point you got to realize you got to wave the white flag right you know you don't want to but you do and then you have this pivot and then where does it go from there so i was at this co-working space and one of the mentors there sat me down and said i can't wait until you're working on something where you have a chance of being successful I was like oh that hurts and it kind of made it was kind of one of those moments where you just had to realize you pull your head head out of your ass and be like okay you know what if everybody is saying this that I'm doing it wrong I'm probably doing it wrong and the results kind of point to I'm doing it wrong and so I was like all right the stubbornness approach isn't working I need to do something different and when I took the time to like because I'd gotten into this like you know before 996 was a thing, I was working like all the time. Like it was more than 996. Cause I would get, I get to the office at like eight in the morning, I'd get home at 11 or 12 o'clock at night. And like, I would do that five days a week. And then I'd work on the weekends from home. Or sometimes I'd go into the office. It was really busy. So it was like working all the time. And I think one of the things, like there's an upside to having that kind of capacity to just like grind. But I think the downside is you get so, you get so worn down. You don't have your good brain to like really pull back and focus on like, am I grinding towards the right thing? And I think I maybe got caught in that loop a little bit. So when Roger had that conversation with me, I pulled my head out of my ass. I was like, okay, well, what is it that I'm doing wrong? Like, what is the fundamental thing? And reflecting, talking to customers, talking to the team, it was that I was showing them what I built and said, Hey, look at this cool thing. Isn't this a great, cool thing that I built. And they're like, yeah, I'm like, cool. I did customer validation. I showed them the thing. They went, yeah, validated. And I did that a lot. And, um, I realized that that's not how you do customer validation or customer development. That's how you do look at my idea. Isn't it cool? Thanks. And, uh, how you get, you know, interview 150 people and zero of them buy from you And so the realization was I needed to ask them questions and not share what I was working on first And because I the crazy part is like in another piece of like why I kept going is I knew I was right. Fundamentally, the core insight I had was the transition from CRM being something you installed on your laptop to something that you accessed in the cloud. And keep in mind, this is 2012 when we were talking, the timeline we're talking about. So CRM is Salesforce or cloud CRM of Salesforce and you're accessing it through Microsoft Internet Explorer seven or Google Chrome, which is like Chrome was good at the time, but most people in the enterprise were using IE seven or whatever it was, Internet Explorer six, seven, eight. And like it was 28 clicks to create an account, create a contact and send them an email in Salesforce. And so CRM went for this from being this thing that I installed on my laptop and it was my personal productivity tool. It was my Rolodex. It was like my daily planner, my agenda, like my pen and paper. And suddenly they were gone. Now my boss kept them in his office and said, I'm going to tell you how to organize your agenda. I'm going to tell you how to organize all your things. And now you have to use this crappy web UI. And so it stopped being a personal productivity tool for us salespeople. And it started becoming a sales tool for my managers. And as somebody who identifies as a salesperson, I took that personally and I didn't like that. And so I think the insight was correct. but I think I was like, I was also wrong at the same time. And so if we kind of, if I had to roughly guess, I was about 40% correct in like the whole vision of everything and 60, 60% wrong. And so 40%, right. And that the insight was sales, Salesforce as a personal productivity tool. And then the 60% wrong was how I wanted to solve that problem. Okay. And the thing that I got wrong was like how my idea of how to solve it was terrible. I was like, hey, replace Salesforce with my new SaaS CRM. And people were like, no, make your tool work with our Salesforce. And I was like, no, that's the wrong model. Then I'd argue with them like an idiot. And so when I realized, hey, stop arguing with them, start fucking listening to them. You might do a whole lot better. And it turns out I did. We started listening to people. We started interviewing them. We were bootstrapped at the time. And we made the call to stay bootstrapped. And because we had terrible metrics. We weren't going to raise. Nobody knew who we were. We were in Vancouver. The VC game in Vancouver was, they were, they were here, but it was, there were some pretty barbaric term sheets being handed out. Like, I think my buddy gave away 60% of his company for 400 K, like pretty not good stuff. And so it just wasn't worth our time to go out and try and raise. And we figured we could bootstrap it. And so I started asking people questions about, Hey, I'm going to do this process manually for you. This thing that I did to book all those 150 customer development emails was I'd read Aaron's book, predictable revenue. And I was cold emailing folks, cold emailing. I was hitting them up on LinkedIn. And then the hypothesis was, well, you know, who has this sales productivity problem the most? Who has to do the most clicks in Salesforce? And this is my CTO's question to me. I was like, oh, hands down, it's SDRs, right? Like it's such a crazy workflow. Outreach didn't exist. Sales Loft didn't exist. Think about all the stuff those things do for you. that get updated in Salesforce. And people were like manually copying and pasting and logging emails. Salesforce still does that. Don't get me started on Salesforce. We're going to not talk about Salesforce. Okay. Moving on. Yeah. Yeah. And that's for stay away. And so once we had this focus of, Hey, it's sales development reps, right? This is, they have the personal productivity problem the most. Let's start talking to people about solving this and let's find a way of solving this manually so I don't have to ask the engineering team like Preston and Francesco are my two like co-founders hey can you go build some shit that people might buy because we did 18 months of like chasing features of like building shit for customers that might buy from us and I was embarrassed because like they bought zero of them and I asked those guys to do a crap ton of work and what it led to was nothing and so I was like all right here's the deal we're going to try this pivot I'm going to see if I can find five people to give me 500 bucks a month and I'll do it wizard of Oz style, like fully manual, pay no attention to the man behind the curtain. And I'm like, if I can find five, that's a strong enough signal that there's a, it's worth us building a tool around this. And I went and I sat down and I interviewed five people and two of those five people bullied me into letting their friend join the beta. And I was like, huh, we got $1,800 in revenue. It was, I think we were up to like 1800 bucks a month in revenue. from the CRM product from our first customer. And now we got tripled that in a month for, for one month. And it was all manual. I was like, that, that sounds, that sounds interesting. And so we did that and we finished that pilot and like, it was hectic. It was me twisting the knobs, cranking the dial. Like it was, it was nuts. And we finish up and it was like end of November. And my buddy James goes, I give you 500 bucks for this. I was like, yeah. He's like, what if I gave you 10 grand? It was like, I couldn't, I couldn't handle it. It was all manual. Um, like manual list building, manual sending manual. I can imagine. Yeah. Yeah. It was nuts. I literally couldn't handle it. I think I talked him down to 5k cause I was like, I, I want to, I want to take your money cause I like money and I would like to afford meat this month, but also, you know, um, it's producing value. So let's do it. And so that was the like first indication that we were on something. And so we, we built that out as a service. We ramped that zero to a million in ARR and like services revenue in a year. And along the way we built out the SaaS platform that was going to be the sales loft outreach killer. Well, we didn't know sales loft outreach existed at the time. I think they might've had a year headstart on us and a sales loft was working on their, well, it was just called sales loft at the time. This is pre the pivot to cadence. And then outreach was a recruiting tool that was using outreach to send emails to candidates to like for on behalf of recruiters. So they both kind of pivoted into the space, I think around the time when we were running the service. So we all kind of hit on the same idea around the same time. And then when we started, like we got the business, that bootstrap business up and running. And then when I started interviewing potential customers about the software tool, man, it was like people were trying to pull it out of me. They're like, is this ready? Can I use it? I want to test it. Like, it's the first people I asked about customer development interviews or about like, hey, I want to pick your brain about X and Y. I think it was like SDR productivity or something like that or Salesforce automation. I think it was the term of the day back then. I was like, hey, I want to talk about your SFA and like how you're doing it. and uh people were like stopping me they're like wait are you building a tool to do this i was like can i can i ask i don't want to i don't want to skew the sample can i ask a couple questions first and like no tell me if you're building this interesting and there was this like they were like stopping me they're like are you working on this promise me you're working on this and i was like oh that's a really good signal that like i don't have to fight with them about you're doing it wrong you know they're just telling me that build this thing i'll give you money. And so we had paying customers for our alpha crappy product very, very, very early. So there's a nuance here for people listening. I think it's very important to hear this nuance because we're already talking about the go to strategy. Well, the go to strategy. And what I'm hearing, I want you to talk about this because I know we talked about this before, but I think it's super important is you're actually calling out to who you know has the problem that you want to solve. And instead of calling and saying, Hey, I got a product, you know, I got a product to solve your problem. You're totally flipped it upside down and said, Hey, I want to interview you. I want to understand what's going on. I'm thinking of maybe being able to solve this thing. Can I have 10, 15 minutes of your time? Yep. Yeah. And we call that customer development. And this is like, you can read about this in the mom test or any of Steve Blank's books on like how and where to focus. The, the thing that I, the thing that I think I got wrong was like, I'm tactically, I just, I was, I was thinking of it as customer validation, which is like, Hey, this is the thing I built, you know, the, when I started getting it right, what I realized was what the books don't teach you is that you're talking to potential customers, but all the books just kind of say, Hey, go interview people. And then that's step one. And then step two is build a sales team and go sell it. And I was like, but what about all these people? And, and honestly, that thought didn't connect to, for me until after the fact, when like the second time going around everybody who I interviewed, I shouldn't say everybody, but a high percentage of people that I had interviewed turned into paying customers. and then the next time I was going through it I was like well that seems like a pretty strong signal of like the people that go through this as a funnel and like you know I had a couple we had a couple clients in the services business that kind of showed me that like product market fit is not binary And like it exists on a I had this this argument with founders all the time. They would hire us to do like cold email for them. And I'm like, I don't think this is going to be helpful because you don't know who you want to email. And if you don't know who you want to email, I, if you're, if we're, you're trying to sell like accounting software and we're emailing farmers in Nebraska, it's not like, it doesn't matter how good the messaging is. And so I kept fighting with founders of like, you don't have product market fit and they are like no no of course we have product market fit and i finally it helped the experience that helped kind of sharpen that was when uber launched uber eats their vp of sales their new vp of sales was one of our old customers and steve came to me he was like hey i need this can you like i need i need the check the checkmate yeah i need the checkmate deal but i need it for my new company i was like oh cool happy to help who's the new company uber i was like holy shit and they were launching uber everything is what they initially called it And, um, when we, to cut a long story short in the first month, we booked so many meetings that it broke everything. A typical account strategist for us would handle like five, 10, five to 10 customers and book like 60 meetings a month total across those like five to 10 customers. And when Uber started, Uber booked 327 meetings in the first month. yeah wow and i was like okay did krista magically get like 6x better 10x better or is there something special about uber and like krista's amazing she was definitely our best account strategist that's why she got the uber account but i like how do you who do you give the credit to it was very clearly uber it was very very clearly the all the stuff that they had done with the brand with the positioning with the offer. Everybody knew who they were. And the offer was, would you like to save money? And can we make you some more money? It was like the best offer, right? You don't have to pay a delivery driver anymore. And we're going to bring you customers. It was the only offer I've seen that hits on like two of the three kind of core value drivers, which would be like, make money, save costs, reduce risk, right? And they had two of the three. And it's really hard to, It's very rare to see a real two out of three value driver. But anyway, so who gets the credit? Krista or Uber? We came to the conclusion that Uber gets the credit. And that was kind of the seed of the idea that product market fit has the strength. And it's not zero or one. It's like zero to one to Uber, which is like 150. And like, okay, so there was that idea. And then when you look at like Uber got from their investment, And they got roughly the same service that everybody else was getting, but they got, I don't know, 20x more results out of that same investment. And so that's where the second idea came from, which was that the stronger your product market fit is, the easier your go-to-market is going to be. Hands down. Yeah. Every salesperson knows this, right? If everybody needs the product, if everybody wants the product, it's going to be easier to sell. but it was not obvious to me at the time, especially in the CRM days where I was like trying to sell this thing. Nobody wanted. And I was like, man, like, why is just nobody buying? I'm like, cause nobody frigging wanted this thing that I was selling. Suddenly you find an opportunity that a lot of people want. It's very easy to sell product market fit is a multiplier of all your go to market efforts, everything, marketing, sales, whatever, And you go to market channel tactic or anything. And this is, it's a multiplier. And this is why you can't learn anything from LinkedIn because just because it worked for somebody on LinkedIn, who's working at snowflake or any major company that you've heard of rippling, do not copy tactics from rippling. Like the things that they are doing, I've seen some of their stuff. I've talked to their CRO, know the benchmarks that they're hitting. And they're doing like amazing work. They've got incredible people. They've got a really strong tailwind because they're rippling, right? Like the reply rates they get are circa 2015, right? Like that's what they're getting like industry standard benchmarks from 2015, which is incredible because Cody Mill now is very, very hard. And like, yeah, so it's a multiplier of your go to market. And so if that is true, then for folks like for any entrepreneur that's out there, I mean, I know you're building something. I'm building a bunch of things. What's the best thing that we can do? Right. Obviously, let's have that conversation. Not just for me, but for the audience as well. Like, what is the best thing? Because it's funny when you say email marketing, because I know it works because it works for companies. I don't understand how it works because it doesn't work for me. I won't even go on LinkedIn because every message I have is a sale. I won't. So I don't even go on LinkedIn. And I don't check my emails because it's every I get bombarded probably 40, 50 emails a day and wild emails like people who've gone out of their way and like done looms on my website. People who've like given me scripts like they've written me scripts to use and they've done like SEO search like you're like, wow, like so much work goes into it. but you get it all day. How do you stand out of the crowd? Yeah. I mean, I'm a big fan of relationship first prospecting and not trying to sell folks and not trying to start off the relationship with, hey, let me sell you some shit. You know, like if after this podcast, you told me, you're like, hey, Colin, I've got something that's, I've got a tool that's perfect for go-to-market consultants, you know, that helps startups go zero to a million. I'd be like, oh, wow. Yeah, I'd have a look at that. And now I'm in your funnel, right? But we met through this podcast. We've created the relationship first, then we do business later. And to me, that's the thing that's working. You know, like I help, I help not a crazy amount of clients, but like I've got a bunch of clients right now and startups zero to a million helping them do the thing. And the relationship first prospecting thing is the thing that's working really well across the board. Can be done with a number of different channels with a bunch of different mediums. It doesn't have to be a podcast. I can send a for I can send you a link for the show notes. I've got a blog post on my newsletter. I think it's just called relationship first prospecting founders edition.co. If you look at founders edition, relationship first prospecting, you'll find the, find it there. Um, but that's the thing. And like, if you're super, super early, you know what a great way to start off a relationship is, Hey, can I pick your brain? I don't know what I'm going to build yet, but I think I'm going to build something in your space. Can I have some advice from you? And like, that's just the very, very, very, very, very tip of the spear. it starts with customer development and then after you interview them for the first time you say hey you know when i figure out if i'm going to focus on this would you be open to giving me some feedback on that next thing you know on the idea and everybody's like yeah sure i really appreciate it um then you go do the focus interview you say hey we decided to focus on this can i ask you some questions great at the end hey when i got a rough sketch would you give me some feedback on that they go yeah sure i like this calling guy when i show them the rough sketch they're like that's ugly as shit i'm like i know but it's not built yet it'll get better if i built this would this be 10x better than what you currently have yes or no if they say yes great i'm gonna go build that when i build it would you be open to giving me feedback on my crappy first version they say yes i show them the crappy first version i say what features do i need to build in order for you to use this full-time and actually get that 10x value i listen great next interview built those features what do i got to build to give you some money also give me some money right now yeah and then the last do this i do this yeah i've done this a bunch this is you gotta curate the biggest thing is curating the list i would say is making sure you're speaking to the right people yes and no okay so the thing there's one thing i do at the end we'll come back to that the the where this came from is my training as a salesperson every salesperson knows at the end of the call you pick the next step and i was just doing this naturally and not even noticing it and people in the i remember being in launch academy is this co-working space and i was surrounded by engineers this is like 2012 there's everybody's in engineers they're ruby on rails or no js and arguing about all these different things and no sql databases or yeah came out and people are like, oh, Mongo's crap. I was like, I don't know what any of this means. And I remember my buddy, Matt asked me, he's like, dude, what the hell are you doing all day? I was like, what do you mean? He's like, you're talking to people all day long. How do you get anything done? I was like, I'm talking to potential customers. I was like, that's who I'm talking to. I'm interviewing them. Then I booked the next step. And so one person I keep interviewing, but at the end of every conversation, I always book the next step. And then if they seem into it, and I shouldn't say If they seem, especially in the early days, I always ask for a referral. Hey, Kayvon, who should I talk to next about this? Do you know anybody else who struggling with this And that was the biggest thing because you can start with the worst list in the world You can start with your like pick your parents pick like two people they know And then you ask them and then you ask you know you interview those people and say, Hey, do you know two people that I could interview about this? And then every round you get closer and closer and closer to the target customer because you're just relying on people that know people. And so your starting list can be like, you know, just a few people. And as long is you're asking for referrals and you're connecting with enough people that are connected enough, like eventually you'll get the list has a self-healing kind of quality to it. It gets better and better and better the deeper you get. And so I, at the end of every interview, I ask for the next step and then I ask for a referral. Yeah. I mean, you get, you're given all the good, the good stuff right here. As, as you're, as you're going through that, I kept thinking, I said, do I want to put them on the spot and, and so, and go, well, Hey, if you're this good, right. And you're, and I can tell you're so confident behind this. Why don't we do a live case study for our viewers and our listeners and say, we come back again and we actually do this and, and use it as a case study for you and for people to see how, when done right, the effectiveness of it. Sure. Yeah. What do you want to do? Like, how do you want to do that? Well, I think we'll have that call, I would say, offline to just ensure it's the right fit. But I want to leave the guests hanging here. And I think it'd be interesting for them to say, if they've been hanging with us this long, going, all right, we're going to go do this. The goal is we're going to do this. And we're going to show you how we do this live on episodes until it's successful and show you that with the right systems in place, the tools in place, it could be easier than you think. For sure. You can also, yeah, I've got some stuff I can share at the end, but yeah, I happily do that. Well, as we are coming there, I was going to ask if for people that are saying they, you know, maybe they're thinking about, they want to go to zero one right now, they can use this strategy. They don't want to wait. Where can they get some information? I read a weekly newsletter, foundersedition.co. And I initially started that because I was writing a book on the subject of going zero to one from a revenue perspective. So that's a good spot. Obviously the book, Terrifying Art of Finding Customers. You can, I think it's terrifyingart.com or Terrifying Art of Finding Customers on Amazon. I can send you a deck that I've done in a couple of startup accelerators recently. and it's slipped, skipped to slide 15 and it lays out the customer development funnel. And so I, I found that I was kind of doing this naturally. And then when I work with founders on like how to do this, they typically need to see it. And so I can share this deck with you. We can throw it in the show notes. Anybody can take a look and you can see my customer notes and my silly jokes and my, all of that. So happy to share that if that would be helpful. I do want to add one thing to the customer development funnel. Cause we didn't finish, I didn't finish that kind of idea. Absolutely. Please. After you ask for money, because what we're looking for here, right? Like if we step back of like, why do we think, why do we think of this as a funnel, right? What we're looking at is the number of people we put into the top of the funnel and how many people make it to the bottom, right? When you offer, Hey, let's take, let's take the next step. Are people like, hell yeah, let's do it. Or are they saying no. And if nobody is taking that next call, it's a very strong indication that you're not working on a pain that's important enough to them. And so that would be, that's why I think about it as a funnel is you want to look at the ratio of like one level to the next. So you can see like, what is the volume of people? What is the conversion rate from one stage to the next? And then how quickly, what's the velocity? How quickly do they move? I would say, man, we keep going because I would say, and it's easier than ever with AI to actually have the real conversations of not actually having a product developed, but have an idea and having your target market picked out. And as they are literally telling you this, you can start working on it. Like gone are the days, as you know, we're waiting eight, nine, 12 months, $50,000 to build a software. You can build a software and overnight, you can build software in three hours. So I think it's important that people understand that like, you can do this starting today. You can curate the problem, the person you want to help start having those conversations and starting off with like, which I hearing from you is conversation. One is, Hey, can I pick your brain? Yep. Yep. And that's the easiest way. And if you do get to the end of the customer funnel and you get the, get some money from them, the next thing is what features do I need to build to get you to refer me to three of your friends? The ask to the, for the referral never ends. Because if you think about to my think back, if I think back to my carb experience, we went zero to a million in ARR in three months selling $500 a month deals. It's a lot. I mean, it's not a crazy amount, but it's still, it's good volume. It was a lot and it was fast. And there's no way we generated that number of meetings. Like we had a very high close rate. And so in, and like, I'm saying this, not as like, I'm the greatest salesperson in the world. the product did 95%. I just showed up and didn't screw it up. Right. That was my role as a sales person. You could have had an old loaf of bread on these sales calls and it still would have closed 80% of the deals. So, but I think in what you're saying is you didn't have that many calls. A lot of those deals came through networks and referral networks and asking the question, who else in your network needs this product that's one of the biggest actually i saw a study on that exact thing where uh there was a there was a sales team that and there was one guy that was just out selling everybody and the manager you know after a couple months like went couldn't figure it out looking at the numbers couldn't figure it out and then started listening to calls and realized the one thing that changed everything that no other sales rep was doing at the end after they said yes, he asked that, right? Who else in your network do you know that can also use this? Double the sales of everybody else on the team with the same amount of bookings. Yeah. I mean, that one question you, if you don't ask, you never know. Yep. And candidly, I didn't even have to ask that very many times because I, we got to the point where we, I would close a customer and like three days later, two people would reach out and be like, Hey, Steve just told us about carb they bought. And we went in like we were in technically in beta like the whole time. And because it just it exploded with growth. So how many how many meetings would you say? Again, I think the question is as many as you can get. But like, would you say it's three, four? How many meetings on average are you having with somebody from the moment you say, hey, can I pick your brain to them? Hoping that you continue to move that meeting forward. Yeah. I mean, let's see. I'm currently doing this with, I'm going very deep with three people right now. I've been working with off and on with them for six months now where we've basically, I've interviewed, I've got a startup I'm working on called Reply Loop. It's an email tool for residential property managers. I started the process about a, just over a year and a half ago doing the customer development. It's an email platform. So it's taken some time to like, you want to build it stable you can't you can't just like vibe code this like i could probably code something that would look exactly like our tool very quickly and it wouldn't work very well i tried it didn't work at all um so i'll put that there but i started the customer development process in like this november december of 2024 we spent all of 2025 interviewing folks and then about six months ago i had three people picked out and said okay these are going to be the three like design partners and we meet monthly. They give me feedback on all these things. I've probably met with Lance and Sarah and AJ 20 times. Wow. 25 times. Yeah. Cause we want to learn and we're getting deep and it's, there's lots of workflow. There's lots of stuff to learn. And so for these folks, for these first folks, they're getting a very hands-on, like get to know Colin approach for, you know, other folks I've probably done two to three. And we got to a point where I was like, okay, I think I've learned enough. I would have gotten farther, but like the product isn't ready to sell yet. And so I don't want to, I don't want to create too much momentum that I can't capture. Yeah. And so as we get closer, now that we're getting closer, I've started to pick up. And actually I've been doing a podcast as well. And the folks from the podcast are folks that I've been reaching out to, to get them to give me some feedback on what I'm working on. Yeah. You might have to get, I'll give you some feedback. Yeah. Love to. I'm your, uh, your buyer. Well, listen, we're going to leave in the show notes where people can get you. Again, thanks for stopping by. I'm looking forward to seeing how we can do maybe possibly a case study together and get it out to the world for you. For sure. Kevin, thanks for having me on, man. Thank you. Thank you.