Ask HN: How do you get companies to talk to you about their problems?
It's already a reasonably crowded space, but the few pharma teams we've talked to express frustration with the speed and price of existing offerings. That said, I need much, much more information from users of existing offerings in our space to be able to form a product strategy that I have strong conviction in.
I was reading Airbyte's company handbook[1] the other day, and it mentioned the co-founders did 45 discovery calls with customers using existing ELT tools in 3 months! I would kill for that kind of access to teams in our target market.
How did they do that? Is that just the power of the YC network, or is there something I'm overlooking? My background is not in sales or BizDev, but I can pick up that skillset (or hire for it) to get these calls. Should I just start finding people in the pharma space, add them on LinkedIn, and request an informational interview? Are healthcare conferences good for getting these kinds of calls?
Open to any advice or guidance - thank you!
[1] https://handbook.airbyte.com/company/our-story (Fantastic doc, BTW)
89 comments
[ 2.8 ms ] story [ 149 ms ] threadAs for some specific, tactical gambits you can use, here's one I've gotten some mileage out of: browse LinkedIn for people who used to work for companies you want to find out more about. Cold contact them, explain that you're researching $COMPANY and that you were hoping they could share some insights. I find that this is often better than contacting current employees, because the ex-employees don't get that defensive "guards up" thing from this kind of engagement, since you're not - by definition - trying to sell them anything.
Then, armed with whatever information you glean from these calls (which ideally will include some suggested names of people to contact!) you can make contact with the target $COMPANY.
Even better, if the call with the ex-employee goes really well, they may offer to (or be willing to, if prompted) actually make an introduction to somebody they are still in touch with at the target. This can go a long way towards greasing the wheels and getting an "in" there. It won't always happen, but it does sometimes IME. Or if they aren't willing to actually make an introduction, they may at least agree to let you name-drop their name, as in "Hey, Bob, I was talking to Susy who you used to work with, and she mentioned your name as somebody I should talk to about X..."
Just don't do the "name drop" thing without explicitly getting permission from the person in question first. Doing otherwise is unethical and if the person you ping happens to call their good friend Susy and she says "I did talk to that guy, but I certainly didn't give him permission to use my name" then you're going to find yourself persona non grata real quick.
Anyway, if you read some of the books I mentioned above, one common theme you'll see revolves around doing a lot of research on your target companies before making contact. Doing that takes more effort, but it's also more likely to pay off, since people are more likely to respond to people they perceive as offering legitimate value as opposed to people sending blast spam.
Note: but don't do the generic thing of trying to make it sound like you did your research without actually having done any! Think about how you feel when you get messages that start with something like "Hey, Centigonal, I've been researching Centigonal Inc and I love what you guys are doing in your space, and I think I could help you generate an extra 10,000 high quality leads every month..." Blah, blah, blah. To me, those things are 100% "auto delete on sight" since the person not only obviously didn't do any research, but on top of that they lied about it. Dishonesty is not the best way to initiate a relationship.
I appreciate the idea on contacting ex-employees - will give that a try!
The focus on research and honesty makes sense to me. Honestly, researching companies is one of my favorite parts of the job, so no issue there.
Not necessarily. In many ways TSOM is just the newer edition of TFSTTE. But not in every way. There is some content that is unique to each. I usually tell people I'd recommend reading both eventually, but I'm not sure the order matters. And the core essence of what he's saying stays the same in both books.
If there's an easy way to summarize the difference, I'd say TFSTTE is oriented more specifically towards a model where your product is a "enterprise" B2B product and probably is going to be sold in a high-touch fashion. TSOM is more oriented towards Web based SaaS services and the like. So definitely related, but yet different books in the strict sense, IMO.
And yes, speak to everyone and always ask them for a referral to one (ideally two) other people if it went well with them.
I think it's a really good resource for knowing how to talk to possible customers about their problems, but I haven't gotten much from it around how to get in the room with those customers.
look for architects and solutions people, or CTOS/CEOS of smaller companies. someone who isn't so far up that they don't understand the day to day trouble, but someone far enough up that its part of their job to think about strategy and keep track of what's going on in the market.
market yourself. put up blogs, go to meetups, and hang around on technical forums. if you have a little bit of a rep that opens up a lot of doors. try to use these as opportunities to vet your value prop directly as well as building recognition.
know your vertical. I know you said this isn't something you can do...but this is a major handicap. consider hiring specifically for this. this isn't just product design, but knowing who to talk to, knowing what the workflows and pain points are.
work for people. I have the same issue as you, and am strongly considering taking up contracts with my potential customers to really get into it.
don't believe any single person. people come up with all kind of weird shit. look for patterns.
Airbyte isn't a great example for you because businesses using ELT tools are radically different to pharmaceutical companies: pharmaceutical companies are working in a very slow moving industry that requires a great deal of careful consideration. As people in technology, we get caught up in the belief that because we can build incredible masterpieces that we're owed the time and expertise of others that we need to realise these incredible masterpieces... We're not. You have to approach this from a much more humble position, you're going cap in hand, you're not a hero, you're begging for scraps.
You find one willing to vouch for you and it will at least open doors. I’m not so confident there are king makers so much as “adds a rook to your team-makers” :)
Having the network without a solution to a problem doesn’t work, because big companies have even more access. And everyone is trying to use interviews to try to find new ideas. The experts will just be bored because that’s the nth person trying to interview them.
But it’ll it’s also hard to break into an industry when you don’t know anyone but have a great idea.
It seems that you have access to people that you can discuss about problems. But you have to bring them and a few ideas how to deal with them while listening to their critics.
When you are creating something like this from scratch, then you have to do outbound just like a sales guys.
If you want expertise in this you want expertise in sales. I co-founded a company years ago with myself as the tech lead and my partner in sales. The sales was what actually drove the founding "Hey i speak to so many companies that need tech expertise in Y".
What you're asking is the very basic element of the profession of sales and that's what you seek. Hire away!
Partner with some firms, and you get the testimonials you need, and the expertise. At the "cost" of less profit upfront.
What does partner mean? It could be as little as telling them they can give input into the new product so it meets their needs better, to some discounts. But I have seen this approach used from the other side of the table, and it CAN work. Just make sure you are ready to back your side.
But I'm just an engineer. What do I know about marketing?
You talk to people about theirs.
Decision makers if you want to solve problems people will pay to solve, even though these may not be the important problems.
Spending too much money is not a good problem to try to solve.
You want to solve problems where cost is not an issue.
Good luck.
Put another way: Take advantage of the power of free beer.
Now, another difficult thing is that if you are at a company as a product manager(etc), spending a couple months stalking people on linkedin, writing emails, taking fruitless calls etc, and making no discernable progress, it is unlikely to be tolerated by your manager, the CEO (if small company), dev team (if folks are already staffed etc). So, set expectations, figure a way to show work even if it's not "progress", keep reminding people on a day to day basis, pull some people in for random calls and hit them up for folks in their network, and so on.
Good luck. This problem (the org one) is the reason most products don't work. There isn't sufficient work done up front because it's messy work which doesn't yield progress in a predictable way so otherwise good product people write awful PRD's (or equivalent), they know they are awful, but they just aren't given the time to do all the work. On the flip side, if you have domain knowledge and experience in the target industry, you might well be able to write out a doc describing the exact right thing to build in about 3 hours.
If you don't have customers, you have to prime the pump. If you have a board of directors, or investors, ask them for referrals. If you have a mailing list or newsletter, that's a great place to look too. If you have people who attend conferences, that's another place.
You can also just swallow your pride and "cold-call" (or email, or DM) people, asking if you can have a few minutes of their time. If you are polite and respectful, you get a surprising number of positive responses. If the call goes well, ask them to tell you who their favorite cranks are, and go from there.
Without it, it would be very difficult to start a successful business.
It's like wanting to start a business to help restaurants without knowing anything about restaurants.
Even this formula isn't enough without magic dust, to create something amazing.
I'm a developer and also worked as a recruiter for many years, and over the source of that time wrote three complete recruiting systems purely to serve my own needs as a recruiter. It took three full rewrites over ten years until I really both understood the problem space properly and hit on the right software design that enabled me to really fly around in my recruiting job.
Hard to imagine a team of people coming to me as a non-developer recruiter asking what my problems are and coming up with an inspired solution.
But maybe an inspired solution isn't your goal - maybe you just want do what management says: "build something".
Words of experience: if you want any sort of business from a new vertical, hire some people (even one if you are tiny) from that vertical. These folks will have the vocabulary and the experience with the pain point and hopefully an adequate network so you can talk (with your new hires!) to some people who do or don't (also extremely important to talk wit) have actually experience the pain.
Those first interviews form the root of a tree: if you sounds sensible and like you actually understand their pain, some of your interview subjects can refer you to others to talk with.
If you try to go in cold with zero experience in the new vertical, even if you do talk to someone you won't really understand what they are talking about. You may understand the words they are saying (except for jargon you don't know) but you won't know what they are really saying.
For example "yeah, when we develop a new assay it's a pain getting our regulatory attorneys to sign off on it" but what they really mean is that the cost structure of checking with the regulator is absurd, or the regulators are nonfunctional due to congress, and so the real problem isn't something anything internal could fix. Or maybe all they mean is that the lawyers can't read LaTeX documents :-). While someone in the industry would already know how to parse the answer.
There is a very, very small number of people in the world with the willingness, resources and drive to build something.
This is such a trivial concern it can be dismissed entirely.
> why dont they just take your idea and run off with it?
I think the concept of the "million dollar idea" that someone could steal is overplayed.
Disrupting an industry (or even just creating an industry niche) is extremely stressful and usually involves beating long odds. Most of the good ideas are obvious to everyone in the industry, so you'll have to compete with the incumbent giants and newer fast-followers (think Zoom vs. Teams vs. Google Meet, or MySpace vs. Facebook vs Google+). I think execution matters much more than the original idea in these cases.
Most of the remaining ideas are non-obvious, and people won't see the value until you succeed and the value has been realized (e.g. EVs were a stupid idea until they suddenly weren't).
I also think that if a career industry exec wanted to start their own company, they'd have a stack of their own ideas to start with.
Finally, I think it's a misconception that successful products always start with one clear "winning idea." The process of developing a product and reaching product-market fit involves creating a thesis, testing it against the market, and iterating. Your idea can change into something completely different by the time you find a match.
> how do you get these experienced senior people to come work for you?
This is a tougher question, and one that we're thinking about a lot right now, given some of the advice in this thread.
I think hiring a senior industry person as an inexperienced nobody would be extremely difficult, but if you're a team with experience and resources in a separate field (e.g. tech), then there are situations where it could work. An mid-level exec might want to get hands-on again and experience an environment with more excitement and direct autonomy. Someone in a different industry might want the opportunity to teach and learn from software folks. If you have a meaningful mission, I think that can be a real motivator for some people. Finally, if hiring a senior person from another industry will let you break into a lucrative market, you're going to try and compensate them financially for that (to the extent that a smaller company can).
If you think you understand a vertical so well that you have a killer idea, but you need a foot in the door via internal or external expertise because you don’t know the people or the language, your biggest problem is that you are lying to yourself.
Your comment and a few others suggest hiring people with industry experience - we are going to seriously consider that.
I was a few times in VP level discussion with huge IT companies. Our VP was basically asking for impossible things that he was willing to pay for, otherwise "regular stuff" was just a matter of money, "for free if possible".
I don't know how much it helps you, just telling why it is difficult to penetrate some of these companies and what is the thinking on the other side. Make a VP happy to bring in your solution - that is your chance. I am not telling to bribe anyone because I am completely against it, but be aware that some of your competitors will. It is a cutthroat world.
Some documentation https://docs.biobricks.ai
A LinkedIn post https://www.linkedin.com/posts/tomluechtefeld_bioinformatics...