Why Fast-Growing Companies Suddenly Can't Close Deals
Why do win rates drop when companies scale from $5M to $15M ARR? What psychological barriers engage in buyers' brains that didn't exist with early customers?
Joe Collins
11/12/20253 min read


You've seen this pattern before. A portfolio company is crushing it. Revenue growing, team scaling, customers happy. Then suddenly, around $10-15M ARR, the win rate drops. New reps can't close. Deals stall in "legal review." Qualified pipeline goes dark.
The founder blames the sales team. The sales leader blames the leads. Everyone blames the competition.
But here's what's actually happening: the buyer's brain is rejecting them before they even get to the pitch.
I call them the Four Locks, and they engage automatically when companies scale past their initial market. What worked when you were selling to early adopters stops working when you're selling to the mainstream. Not because your product got worse. Because the psychological barriers got stronger.
The Relevance Lock
When you were smaller, your sellers could start every conversation talking about their specific solution. Buyers tolerated it because you were clearly the underdog expert in a niche.
But once you scale, you look like everyone else. When your reps dive straight into "Let me show you our platform," the buyer's brain immediately categorizes you as "another vendor doing their pitch." The Relevance Lock engages, and you've lost them in the first five minutes.
The companies that break through? They've learned to start in what I call the Blue Diamond. The buyer's complete world. Their competitive pressures, board expectations, team resistance to change. Only after establishing relevance in that context do they transition to their solution.
Most scaling companies never make this shift. They keep using the pitch that worked at $5M, wondering why it's failing at $15M.
The Impact Lock
Your early customers bought on vision. Your current prospects need proof.
But here's the trap: when you share generic case studies and ROI calculators, you trigger what I call the Unicorn Bias. The buyer thinks: "That's not us. Our situation is different."
The Impact Lock stays closed because your proof feels like someone else's victory, not theirs.
Companies that break through this? They've learned to connect proof to the prospect's specific situation. Not "companies like yours saved 20%" but "given your expansion timeline and the new compliance requirements you mentioned, here's what happens if you delay six months."
Generic proof closes the door. Relevant proof opens it.
The Difference Lock
Here's where scaling kills most companies. As you grow, your language drifts toward "best practices." Your messaging gets polished by marketing. Your decks start looking like everyone else's.
At my firm ACES Growth, we run what we call a Noise Report. It analyzes which phrases companies use that their competitors also use. The results shock people. Language they thought was differentiating shows up as 80-90% common across their competitive set.
When buyers can't tell you apart, they default to price or status quo. The Difference Lock slams shut.
The Urgency Lock
Early customers moved fast because they had pain and you had the obvious solution. But as you scale into larger deals, you're competing with dozens of other priorities.
Most companies respond by creating artificial urgency: "This discount expires Friday." Buyers see through it instantly, and it actually increases their skepticism.
Real urgency comes from connecting your solution to deadlines already ticking in the buyer's world. The project they committed to the board. The competitor who's already implementing something similar. The revenue window that's closing.
I call these the Three Clocks, and they're the only timelines that matter.
Why This Happens at Scale
These locks don't kill early-stage companies because early adopters are actively searching for new solutions. Their brains are open.
But mainstream buyers are different. They've been burned before. They're trained to spot patterns. Their default is skepticism, not curiosity.
The sales approach that worked when you were scrappy and differentiated stops working when you look established and polished. You've scaled into looking like everyone else, and the buyer's brain treats you accordingly.
The Fix Isn't More Training
Most companies respond to this problem by training their sales team harder on the same approach. More discovery questions. Better objection handling. Tighter qualification.
But you can't train your way out of psychological barriers. The buyer's brain is doing exactly what evolution designed it to do: protect them from bad decisions.
The companies that break through? They stop fighting the locks and learn to open them instead.
That's what the Revenue Locks framework does. It's a diagnostic tool for identifying which locks are engaged in your deals, and the specific strategies to open each one.
If you're seeing win rates drop as you scale, it's not your team. It's not your product. It's the locks engaging before your sellers even get a chance to present.
Once you can see them, you can fix them.
Joe Collins is the founder of ACES Growth and author of The Revenue Locks. Learn more about the framework at revenuelocks.com or connect on LinkedIn at www.linkedin.com/in/jcc4.