My first enterprise deal
At one of my startups I closed an enterprise ($6B enterprise w/ close to 10k employees) pilot in 2.5 months, without a product, from a cold email. Here is the story:
The email was a mass blast with a narrow subject line and 2 sentences.
The first meeting was a deck walkthrough, some discovery and a few stories.
The prospect then sent us a data set for our ML team to analyze (prove you are experts).
We had 7 meetings from first call to signature. (virtual).
The budget varied from six figures, to free.
The promised platform launch data came and went (that was awkward).
We signed the pilot on a word doc, skipping all the SOW and MSA headaches.
Between meetings 4 and 6, we considered bailing out, as we wondered if they had any intent.
So why did we get the deal?
We had technical expertise they didn’t.
One of their technical leads (Phd in Robotics) left.
The team came under a director who was a believer.
The teams thesis aligned with the promise of our soon to be launched platform.
Client had internal pressure to deliver.
This is why Enterprise is a slog.