Deal strategy

They never met the economic buyer

A founder lost a deal he should have won because he never met the person who signs. What founders miss about navigating a large company, and how to fix it.

Ed Smith · 4 November 2026 · 6 min

They never met the economic buyer

A founder came to me right after a deal died. Nine months in the pipeline. Twenty-some meetings. Forecast at 80% for the last two quarters. A champion inside the account who answered every email within an hour and told him, more than once, that this was getting done.

Then a two-line email. They were going a different direction.

He wanted to know what the competitor had that he didn't. That was the wrong question, and it took one conversation to find the right one. In nine months, he had never been in a room with the person who signs.

His champion was a director. Smart, genuinely sold, zero budget. She had influence and an opinion, which is not the same as authority. Above her sat a VP who had met the founder once, for fifteen minutes, early. Above the VP sat the person who actually moved money, and that person had never heard the company's name said out loud by anyone except the director.

So when the budget got tight in the fall, the deal didn't lose a bake-off. It just never came up.

This is not a sales skill problem

The founder was not bad at selling. He had built the product, he knew the problem cold, and he was better in a discovery call than most AEs I've hired.

What he didn't have was a map of the building.

Nobody hands founders that map. You can read every sales book on the shelf and still not know that a 4,000-person company runs its security review out of a different group than the one that wants your product, that the review takes eleven weeks, that procurement will not open a new vendor file in the last three weeks of a fiscal year, or that the committee you've been presenting to contains four people who can say no and one who can say yes — and you have not met the one.

That is what navigating a large company means. It is procedural, it is mostly invisible from the outside, and it has almost nothing to do with how good your product is.

The gaps he had skipped

I use MEDDPICC with clients because it is a checklist, and checklists catch what confidence misses. Run his deal through it and the holes line up:

  • The metric. He had a use case. He did not have a number. Nobody internally could say what this was worth, so nobody could defend it when money got scarce.
  • The economic buyer. Never met. Never asked to meet. He assumed the champion would carry it up, which is the single most expensive assumption in enterprise selling.
  • Decision criteria. He believed the criteria were his feature list. The real criteria were written months earlier by someone he'd never spoken to, and his product met four of six.
  • Decision process. He could not name the steps between "they like it" and "it's signed." There were six.
  • Paper process. Security, legal, procurement, insurance certificates. He found out they existed in month eight.
  • Pain. The director felt the pain. The company did not. Nothing was on fire.
  • Champion. He had a fan. A fan tells you yes. A champion has power and spends it on you in a room you're not in. He had never tested which one he had. (Why enterprise deals stall after the demo goes deeper on this.)
  • Competition. He thought he was up against another vendor. He was up against doing nothing, which wins more enterprise deals than every vendor combined.

He had not been lazy about any of this. He simply did not know these were the questions.

What to do instead

Five things, and none of them require a bigger team.

1. Ask for the economic buyer inside the first three meetings. Make it easy to say yes to: "Before we go further, I'd like fifteen minutes with whoever owns this budget — not to pitch, just so they hear the business case from me instead of a forwarded deck." If you cannot get that meeting in a reasonable window, you have learned something important about the deal.

2. Get the decision process written down. Ask the champion to walk you through every step, every group and every signature between today and a purchase order, and put it in writing where they can correct it. People correct a document far more readily than they volunteer information.

3. Bring something only the founder can bring. There are a few moments in a complex deal where the founder should be in the room, and this is the first. You get the senior meeting by having something senior to say — what you see happening across their market, what their competitors are getting wrong, what you will build next. Not a demo. They have seen the demo.

4. Test the champion. Ask them to do one small thing: set up the meeting, send you the security questionnaire, get you ten minutes on the staff meeting agenda. What comes back tells you whether you have a champion or a pleasant correspondent.

5. Forecast on evidence, not warmth. "They love us" is not a stage. A stage is a thing that happened: the economic buyer met, the criteria confirmed in their words, the paper process started. Most early-stage forecasts are feelings with a spreadsheet around them.

The part that stings

He probably would have won that deal. The fit was real and the champion was sincere. He lost it on process, nine months after the point where the process went wrong — which is the cruelty of complex sales. The mistake and the consequence are two quarters apart, so you never feel the moment it breaks.

That is also why it is fixable. None of this is talent. It is a sequence, and a sequence can be taught.

So, founders: which one of these do you skip? I know which one I'd bet on.

More on the work: Advisor, fractional VP of Sales and special projects · Check the fit

More on the work: Advisor, fractional VP of Sales and special projects · Check the fit

← All posts