Rapid Alpha
For operators

You wrote the job posting for someone who's “done this before.” Here's what usually happens to them once you hire them.

The posting probably reads close to this: proven track record identifying and executing growth opportunities. Comfortable with ambiguity. Entrepreneurial. What you're actually hoping for is someone who walks in, finds the good ideas, tells you what to invest and what it'll return, and makes it easy for you to say yes.

That is not usually what happens. What usually happens is closer to this: a corporate development lead spends five years running diligence on roughly three hundred companies and closes zero deals. Not because the ideas were bad and not because the person was bad at the job. Because nobody built the thing that would have let either of them know, with any confidence, that one opportunity was better than the two hundred and ninety-nine next to it.

The bottleneck

The hire isn't the bottleneck. The comparison set is.

A good opportunity, on its own, doesn't feel obviously good. It only feels good next to the twenty other opportunities you've already priced, sized, and ranked. Without that set, every new idea carries a perceived opportunity cost that's effectively infinite — because there's nothing to weigh it against. That's what paralyzes a smart, capable hire: not a shortage of ideas, a shortage of a system to judge them by.

And the downside risk is real enough to justify the caution. McKinsey's own research puts it at nearly seven in ten mergers failing to achieve the revenue synergies expected of them — and separately, roughly six in ten roll-ups fail to capture their intended synergies within two years, with add-ons that do get done pricing at a premium (5.7x vs 4.5x at the small end) precisely because buyers are competing for the few that look de-risked. Culture and fit account for a lot of that gap. So does buying opportunistically instead of buying toward a shared direction.

The odds a cautious operator is reacting toRoughly seven in ten mergers miss the revenue synergies expected of them, and roughly six in ten roll-ups miss their intended synergies within two years. Meanwhile add-ons that already look de-risked price at 5.7 times earnings against 4.5 times at the small end. HOW OFTEN IT DOESN'T WORK Mergers that miss the revenue synergies expected of them ~70% Roll-ups that miss intended synergies within two years ~60% WHAT DE-RISKED COSTS 4.5x 5.7x Small end De-risked The caution is rational. Most of these deals miss, so buyers crowd into the few that already look de-risked — and pay a premium for the privilege. Being the company that looks de-risked is worth more than being the company that finds a bargain.
Sources: McKinsey, “Where Mergers Go Wrong.” Roll-up synergy and add-on pricing data per the approved proof library.
The better pattern

Attracted, not chased

The better pattern isn't finding a target and convincing it to sell. It's being far enough along your own roadmap that a target recognizes the fit before you make the approach — their customers look like an extension of yours, their product roadmap and yours are solving pieces of the same problem, and their people can see what the combined company becomes. When that's true, the deal isn't won on price. It's already been said yes to, in spirit, before the term sheet exists.

The other failure

A number is not a plan

The other version of this failure looks more deliberate but isn't. Someone identifies a market adjacent to the one you're already in, picks a revenue target — ten million over three years, say — and stages it: one million in year one, three in year two, ten in year three. It looks like a plan because it has numbers and a timeline. It has no products, no services, no features, and nothing that ties the target back to a specific action that unlocks it. It's a hope with a ramp attached.

A hope with a ramp attachedThree rising bars — one million, three million, ten million across three years — drawn hollow, above an empty dashed box representing the absence of any product, service or capability that would unlock those numbers. THE TARGET, AS USUALLY PRESENTED $1M $3M $10M Year 1 Year 2 Year 3 No product. No service. No feature. No capability. Nothing ties any of those numbers to an action that unlocks it.
Illustrative only. It looks like a plan because it has numbers and a timeline — but the box underneath is where a plan would live.

A small number of people can be handed a target number and a blank mandate and come back with a real plan anyway. Most can't — and a job posting that only offers the mandate is selecting for exactly the wrong trait: confidence without a way to check the work.

The method

The bullseye: where capability, demand, and technology overlap

Every opportunity you're evaluating sits somewhere in three circles: what your company is actually good at, what the market is actually asking for, and what technology actually exists to solve it. Most ideas land in one circle, or maybe two. The ones worth pursuing land in the small space where all three overlap — the bullseye. That's the same net-score logic our software runs when we map a client's opportunity set: not “is this a good idea in isolation,” but “does this hit capability, demand, and available technology at the same time.”

Most growth plans skip this and jump straight to a number, because scoring three circles against each other is harder than picking a target and hoping. It's also the only version of the exercise that tells you, before you spend anything, whether an idea is a real bet or just an appealing story.

The bullseye: three circles scored against each otherThree overlapping circles — company capabilities, viable technology and market pain. An idea only counts as a bullseye where all three overlap; the three pairwise overlaps are the near-misses that tell you what is missing. COMPANY CAPABILITIES VIABLE TECHNOLOGY MARKET PAIN Tech ∩ Capability Capability ∩ Pain Tech ∩ Pain BULLS-EYE Company capabilities — what you can already do Viable technology — what is ready enough Market pain — what someone will pay to fix Only the centre advances. The three near-misses tell you what is missing, and whether it is buyable, buildable, or not worth closing.

Capability × demand × technology — scored together, and ranked before a dollar is committed.

Schematic of the scoring step as it appears in EVOS. Not a client's data.

What a bullseye hit turns into

Sense, interpret, control

Take a bullseye opportunity in an emerging technology domain with no analyst coverage yet — too early, too niche, nobody's written the market report. You can still build a real plan; you build it from your own environment instead of someone else's research. Break it into what you're sensing, what you're interpreting from that data, and what action you take on it. For sensing: what has to be measured, where the hardware has to physically live, what conditions it has to survive, and where the gap is between what you can already sense and what you'd need to. For deployment: not a hypothetical market, but your actual existing customers' actual operating environments — which ones plausibly fit today.

That gives you something no market report would: an internal count of real environments you can already reach, and a staged investment tied to staged, checkable revenue — not a straight-line ramp to a target.

Illustrative structure only — not a real client's figures.

YearInvestmentRevenue tied to itTechnology readiness
1$100K$1MTRL 7
2$500K$5MTRL 8
3$1.5M$10MTRL 9

Every stage names the target companies in that space, why the IP matters, whether they already have demonstrated sales, and what gets iterated before the next dollar moves. That's what turns a spreadsheet row into something a sales team can actually be compensated against — which is the step most plans never reach, and the reason growth targets don't show up in anyone's incentive plan.

Spread the risk

The portfolio, not the single bet

No single bet, however well-built, should carry the whole target. Spread it across risk tiers, sized to what you can absorb if any one of them misfires — and sized so the whole set passes what's really a comfort test as much as a financial one: can your executive team sleep on this. Not every bet needs to land. Some won't. Some will land exactly as planned. Occasionally one lands bigger than planned, in the good direction. A portfolio built to survive the first outcome and capture the third is what makes the second one bearable.

Nine bets and one swing, spread across risk tiersFive small incremental bets close to the core, three larger riskier bets at lower technology readiness, and one tier-one acquisition — arranged left to right from lower risk to higher risk, each square sized by the capital it puts at stake. FIVE BETS Incremental · TRL 7–9 THREE BETS Riskier · lower TRL ONE SWING Tier-one acquisition Closer to the core Longer runway, higher risk
Illustrative allocation only — not a real client's figures. Each square is sized by the capital it puts at stake, so the whole set can be judged on what happens if any one of them misfires.
Five betsIncremental, TRL 7–9

Close to the core. Sense-interpret-control plays against existing customer environments.

Three betsRiskier, lower TRL

Earlier-stage technology, longer runway to revenue, sized smaller accordingly.

One swingA tier-one acquisition

Acquiring a $2M/yr company for $6M where the synergistic revenue across both customer bases is the real thesis — plus a tier-two watchlist you acquire opportunistically.

Before you hire

You have to know this before you hire — not hope the hire brings it

Handing someone a target number and a blank mandate isn't delegation, it's deferral. It's also a hiring trap: the candidates confident enough to build a real plan from nothing, absorb some bets misfiring, and still convince you the rest will land — they exist, but they're rare, and a comp package built to offset the risk that a hire “doesn't deliver” prices exactly those people out. You end up selecting for the safer, less capable candidate while budgeting as if you'd hired the rare one.

What it replaces

What the alternative build actually costs

The honest comparison isn't Rapid Alpha against nothing. It's Rapid Alpha against the internal build: a corporate development hire with real M&A or IP experience, plus the market intelligence subscriptions to feed them, plus legal support for the deals or licensing work they surface. Priced separately, that stack adds up fast — and most of it still leaves you without the thing you actually needed, which isn't a person or a subscription, it's a standing system that scores opportunities the same way every time.

What we build with you

A corporate intelligence center, not a hire

What we're actually building with you is closer to a standing corporate intelligence center than a consulting engagement: a system that keeps scoring the bullseye, keeps sensing and interpreting what's changing in your technology and your market, and keeps the portfolio balanced against your actual product roadmap — year one, year two, out to year five. The goal isn't a plan you review once. It's watching, month after month, as the things you said you'd build in September 2026 start showing up as real product lines, real customers closed, and real revenue by the time you're standing in front of your own executive team a year later.

Score your own Vision and Capability gap before you finish writing the job description.

About four minutes, one company, both gaps scored separately. No call.