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SaaS Customer Discovery: 100 Interviews to 30x Growth

Episode 340 Published 3 years, 1 month ago
Description

Gil Feig and his co-founder talked to 100 companies through SaaS customer discovery before writing a single line of code. Three companies told them to give up. All three eventually became paying customers.

If you want to validate a SaaS idea before building, this episode is a masterclass in SaaS customer discovery and customer validation. Gil shares how network-driven outreach booked 5+ calls per day, why charging from day one gave Merge 10 paying customers at launch, and the automated SEO system he built in one night that now drives a significant share of SaaS go-to-market revenue.

Gil Feig is the co-founder of Merge, a unified API platform with 4,000+ customers and $75M raised. Merge grew revenue 30x in 12 months to reach early traction at multiple seven figures in ARR.

🔑 Key Lessons

  • Validate through SaaS customer discovery before building - Gil interviewed 100 companies using warm LinkedIn introductions before writing code, launching with 10 paying customers on day one.
  • Use your network to book customer validation calls at scale - Merge found target companies on LinkedIn and asked mutual connections for intros, booking up to five calls per day.
  • Let skeptics try building it themselves as a SaaS go-to-market tactic - prospects who insisted on DIY integrations came back after experiencing the maintenance pain firsthand.
  • Automate SEO content to scale SaaS customer discovery inbound - Gil built a system in one night that generates landing pages for every new integration, ranking on page one within weeks.
  • Earn enterprise trust through compliance and social proof - Merge got SOC2 certified before signing a single customer to remove early traction objections.

Chapters

  • Introduction
  • Gil's favorite quote and the hard work philosophy
  • What Merge does and the unified API concept
  • Business size - 65 people, 4000 customers, 30x revenue growth
  • Gil's background and the path to entrepreneurship
  • How the idea for Merge came from integration pain
  • How Merge differs from Zapier
  • Deciding to quit jobs and start Merge
  • How they ran SaaS customer discovery with 100 companies
  • Why they believed they had product-market fit before building
  • Starting to build the product during COVID
  • Launching and landing the first 10 paying customers
  • Security requirements - SOC2, ISO 27001, HIPAA
  • Raising the $4.5M seed round with a prototype
  • Overcoming the "we can build it ourselves" objection
  • Automated SEO landing pages for every integration
  • Series B and the 30x revenue growth story
  • Lightning round

Resources

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