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Why last quarter's news is worth less

Buying signals lose weight with age. Here's why a fresh signal beats an old one, how to discount stale news, and when an old signal still counts.

Kevin French
· 4 min read

A buying signal is a timestamp, not a fact. The day a company announces a cost program, a new CIO or a platform migration, a window opens. Every week after that, it closes a little.

Most sellers treat news like inventory. They find it, log it, and work it whenever the sequence gets around to it. By then the buyer has heard from a dozen firms, picked a direction, or moved on to the next fire.

Last quarter's news isn't worthless. It's worth less.

That difference is the whole game.

Why a signal fades

A signal matters for one reason. It tells you someone inside the account has a problem right now and the energy to act on it.

That energy has a shelf life. A new leader spends the first 90 days deciding what to fix and who to fix it with. After that, the plan is set and the partners are picked. A cost program announced on an earnings call gets scoped within weeks. A job post for a data platform lead gets filled, and the new hire brings their own vendors.

So the signal doesn't vanish. It changes meaning. A fresh signal says "they're deciding." An old one says "they decided, and you weren't in the room."

And the market sees it too. Every competitor with a news alert read the same filing you did. The firms that move first get the conversation. The firms that move six weeks later get a polite "we're set for now."

Give every signal a half-life

The cleanest way I've found to think about this is a half-life. A signal starts at full weight and loses half of it over a fixed stretch of time.

I start with two weeks. A signal from today counts fully. Two weeks from now it counts half. A month out, a quarter. That number isn't a law of nature and nobody has proven it. It's a starting assumption, and you should tune it to your own sales cycle.

What matters is that you decay something. If a six-month-old funding round sits at the top of your list next to a leadership change from last Tuesday, your list is lying to you.

Different signals age at different speeds, too. An open RFP has a hard deadline, so it's urgent right up until it's gone. A new leader in the buying seat stays live for roughly their first 90 days. A topic signal, like an executive posting about a problem, can go cold in days.

Stacking beats any single signal

One signal is a hint. Three at the same account in the same few weeks is a pattern.

Say a regional insurer files a 10-Q that calls out legacy claims systems as a drag. Two weeks later they post a role for a head of platform modernization. A week after that, their new COO comments on a post about core system migrations.

Any one of those alone is noise. Together, inside a month, they tell a story. Someone has a mandate, a budget, and a problem with a name.

This is where age bites hardest. If the 10-Q is from last year and the job post is from the spring before, you're stacking ghosts. The pattern only means something when the signals overlap in time.

Roll your signals up to the account, not the contact. Then ask how much fresh weight is sitting at that account right now.

When old news still earns a look

Some old signals still matter. They just matter differently.

A past champion who moved to a new company two years ago is old news. But if they just got promoted into a buying seat there, the clock restarts. The new event is fresh, and the old relationship rides along with it.

An old 10-K that names a platform tells you what they run. That's context, not a trigger. Use it to sharpen your hypothesis once a fresh signal gives you a reason to reach out.

And an RFP you missed is gone. But the problem behind it doesn't disappear when the contract is awarded. If the winning firm stumbles, the need comes back. Watch for the next signal at that account instead of chasing the last one.

The rule is simple. Old signals inform. Fresh signals trigger.

What changes in your week

If you take decay seriously, a few habits change.

You stop building a list once a quarter and working it for three months. You look at your accounts every week and ask what moved.

You stop treating research as a one-time task per account. The research you did in May is stale by July. Re-check before you reach.

And you stop letting a big logo jump the line on name alone. A dream account with nothing fresh happening ranks below a smaller account where three things changed this month. That's hard on the ego. It's good for the pipeline.

The full set of signals worth tracking, and how they rank, is in the buying signals guide. If you're newer to signals, start with what a buying signal is, and what it isn't.

Speed is a form of relevance

Buyers don't reward you for knowing what happened. They reward you for showing up when it still matters to them.

A note that lands the week a new CIO starts reads as timely. The same note three months later reads as a form letter. The words are identical. The timing changed what they mean.

So weight the fresh stuff and discount the old stuff. Move when the window is open, not when your sequence says it's time.

See which of your accounts are moving.

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