Founding Vision · Internal Memo · Confidential

Why we're building this, and why now

The case for a results-priced consulting firm for the AI era — and the decisions I need the four of us to make together.

DateJune 2026 ReThe firm's thesis, the market shift, our model, and how we win Read time~12 minutes. Grab a coffee — this is the one worth reading slowly.

I want to put down, in one place, what I think we're actually building — so that when we say yes to this, we're all saying yes to the same thing. The deck is the 10-minute version. This is the version you can sit with. I've tried to make the argument honestly, including the parts that scare me, because the worst outcome isn't that the idea is wrong — it's that we discover we each meant something different six months in.

Here is the whole thing in one breath: AI has collapsed the cost of building and testing toward zero, which quietly broke the economics that traditional consulting was built on. That break is an opening. We can bring genuinely world-class strategy — and the execution to go with it — to Thai businesses that could never afford MBB, and we can charge for results instead of hours because AI lets a tiny team actually do the work. Everything below is the why, the what, and the how of that sentence.

1Why now — the model is breaking, and that's the door 2The bigger shift & the prize — the next economic chapter, and the TAM 3What we're building — a results-priced firm across four lines 4Go to market — the loop that funds and feeds itself 5How we win and defend it — team, leverage, and the moat 6What makes a firm endure — the BCG/Bain question, and our path 7The next six months — and the ask

1Why now

The old equation was rational — until it wasn't

Traditional consulting priced the way it did for a good reason: execution used to be expensive. When building anything real — a product, a campaign, a market test — cost a fortune and took months, it made sense to spend heavily on planning first. Get it right on paper before you bet the money. So the deliverable was a deck, the unit of value was the billable hour, and the leverage was an army of junior analysts. The client was paying for one thing above all: certainty before commitment.

That logic held for fifty years. It doesn't hold anymore.

AI collapsed the cost of being wrong

A landing page, a campaign, a financial model, a market scan, a working prototype — these now take hours, not months, and cost hundreds of baht, not hundreds of thousands. When testing something in the real market is cheaper than perfecting it on a spreadsheet, the optimal strategy flips. It goes from "plan, then build" to "build, test, iterate." The expensive upfront certainty the old model sold is now the expensive path. A live test is simply a better product than a slide that predicts the test.

When testing became cheaper than planning, the old playbook lost its reason to exist
Indexed to 2015 · cost to start & test a venture (฿'000, left) vs. output one person can produce (×, right)
Illustrative / directional (Control Room N-01, N-02). The exact numbers are debatable; the direction is not. We should harden these with 2–3 real cost quotes before showing them outside this room.

I don't want to oversell the precision here — the −97% and the 20× are directional, and I've flagged them as low-confidence in our numbers ledger. But you don't need the decimals. The shape of the curve is the whole argument: for the first time, a tiny team can out-execute an incumbent.

So the model breaks on three axes — and each break is our model

This is the part I keep coming back to. AI doesn't make consulting a little more efficient. It breaks the three things the business was built on, all at once:

The old modelOur model
DeliverableDecks & paper recommendationsWorking systems & live results
PricingBillable hours & retainersOutcome / revenue-share
LeverageArmies of junior analystsSmall senior team + AI + a compounding library

Here's why this matters more than it looks: an incumbent cannot copy this without dismantling their own economics. Their cost base, their org chart, and their partner compensation all depend on billable hours and leverage ratios. The moment they price on outcomes and replace analysts with AI, they break their own P&L. That's the kind of opening that doesn't come often — a change that is trivial for us to build around and structurally painful for the people with the brand and the balance sheet.

We bring the brain, the hands, and the skin in the game. AI makes the hands cheap enough that a four-person team can deliver execution — not just advice. That's the unlock no incumbent can match.

Who this is for — the wedge

We are not chasing the Fortune 500; they already have McKinsey. Our wedge is Thai small-to-medium businesses and 2nd/3rd-generation family firms in transition. The incoming generation is often Western-educated, wants to modernize, and can feel the landscape shifting under them. They are exactly the people who need world-class help — and exactly the people who can't get it. They can't justify MBB fees (half a year's revenue for a deck), and the local "consultants" available to them are too often just sales trainers in a nicer suit.

3.2M Thai SMEs are priced out of world-class help — exactly when they need it most
Cost per engagement (฿, log scale) — the gap our model is built to bridge
SME count ~3.2M and ~35% of GDP per OSMEP/NESDC (N-03/04, sourced — verify latest year). Fee ranges illustrative for contrast (N-06/07). See Control Room.

Revenue-share is what makes us fundable for them. The pitch is simple and it disarms the price objection completely: "We ringfence a clear win, we take 5–10% of what we actually generate — you pay because you earned." The risk moves onto us. That's precisely why they say yes, and it's why this only works if we're disciplined about which wins we underwrite (more on that below).

3.2M
registered Thai SMEs — the backbone of the economy
~35%
of GDP, yet under-served by quality advisory
Gen 2→3
a succession wave, hungry to modernize

2The bigger shift & the prize

This isn't a market — it's a chapter change

I want to zoom out further than the deck does, because I think we're early to something bigger than "cheaper consulting for SMEs." Step back across the whole arc: humanity moved from agriculture → industrialisation, and we're still living in the industrial chapter — one whose defining feature is that most people must work for someone else to survive. That arrangement was rational for a simple reason: when an employer hires you, in most cases you produce more value than you're paid. The surplus is the employer's profit, and it's why jobs exist at all.

AI quietly breaks that equation. As AI absorbs more of the marginal work, the surplus an average employee generates over their cost stops justifying the wage — and rational firms substitute. I don't say this to be dramatic; I say it because the early signal is already in the data. Over half of Thailand's workforce is already self-employed — the "work for yourself" mode isn't a fringe, it's already the larger half, and the AI transition will push the line further.

52%
of Thai employment is already self-employed (World Bank, 2023) — the trend is underway
~40M
Thai workforce; ~13.4M employed by SMEs — the pool now in transition
3.26M
registered SMEs (2024), ~35% of GDP — and growing each year

Two things follow, and they're the heart of why I want us moving now:

One — a wave of new owners. A large share of today's employees won't stay employees. Some will choose it; many will be displaced as firms pick AI over headcount. Either way, the flow runs one direction: from job-holder to business-builder. Two — the death of one-size-fits-all. When a bespoke system costs hundreds of baht and an afternoon instead of a six-figure software contract, owners stop buying generic SaaS and start commissioning (or building) tools shaped to their exact business. The services and software landscape gets re-tailored, per-business, almost overnight.

That is our window. This transition generation — the freshly-minted and soon-to-be owners — is exactly who we exist to help: give them the thinking to know what to build, and the tools to build it.

The work mode is shifting from "employed" toward "owner" — and AI accelerates it
Share of Thai workforce, self-employed / owner vs. employee (2023 actual; beyond = directional)
2023 self-employment share 52% per World Bank. The forward path is directional/conceptual — the claim is the direction, not the slope. Marked low-confidence in the Control Room (new: N-10).

The size of the prize (TAM → SAM → SOM)

Here's a first, deliberately rough sizing — bottom-up, assumptions on the table, all illustrative until we harden them. The point isn't the decimals; it's the order of magnitude and the fact that the TAM grows as the shift above plays out.

A market measured in tens of billions of baht a year — and expanding
Annual addressable spend by Thai SMEs on growth advisory + business tooling (฿, illustrative)
TAM ≈ 3.26M SMEs × ~฿30k/yr addressable (tools + occasional advisory) ≈ ฿100B. SAM ≈ ~12% growth-minded / digitally-ready in transition (~400k businesses) × ~฿80k ≈ ฿32B. SOM = realistic bootstrapped 3-yr capture. All illustrative (N-11/12/13) — to be hardened.

The risk I want us to foresee: an oversupply of owners

If we're right that millions become owners, the honest second-order question is: what happens when everyone is building a business at once? My read: supply of businesses surges, a lot of them look alike, competition compresses margins, and failure rates climb. That sounds like bad news — but it's actually the deepest version of our demand. In a glut, the scarce thing isn't the ability to start; it's knowing what to build, how to differentiate, and how to actually win. That is precisely what we sell: judgment plus execution plus skin in the game.

So our position in the big picture is deliberate. We don't want to be the firm that helps anyone start anything — that just adds to the glut. We want to be the firm that helps owners pick the right battles and build defensible businesses, and — because we price on outcomes — we are structurally incentivised to back the ones that can actually win. That alignment is our compass when the noise gets loud.

3What we're building

Not "consulting + AI." A different business.

I want to be precise about the category, because it changes everything downstream. We are not a consultancy that uses AI tools. We are a firm that delivers advice and execution on the same invoice, and gets paid on the result. Three things, together:

The Brain — MBB-grade strategy and judgment, the thinking the Fortune 500 pays millions for. The Hands — AI-leveraged execution; we don't hand over a deck, we build the systems and run the test. Skin in the game — pricing tied to the results we create, not the hours we bill. Take any one away and we're just another firm in a crowded category. Together, they're a business no incumbent is structured to be.

Four lines that look separate but are one flywheel

On the surface we'll appear to do four different things. Underneath, they feed each other. This is the part I most want us aligned on, because it's tempting to treat the lines as a menu rather than a machine.

1 · Products

10X Claude (฿490), courses, workflow templates. Mass, plug-and-play, near-zero marginal cost.

Top of funnel

2 · Sales Advisory

Engagements whose single job is to drive the client's revenue. Outcome / revenue-share priced.

Margin + proof

3 · System Advisory

Chatbots, internal workflows, automations, the data plumbing. Build fee + retainer.

Stickiness

4 · Ventures

Businesses we build and own; spin off when mature. PromptRent is the first.

Optionality

The flow: Products give us mass reach, brand, cash float, and — quietly — a filtered list of serious owners (people who buy reveal themselves). Among those buyers we find high-potential businesses for Sales Advisory, where the deep revenue-share wins and reference stories live. Winners then need Systems to scale, which makes them sticky — and here's the non-obvious bit:

The synergy I don't want us to miss

Line 3 (systems) builds the dashboards and data pipes that let Line 2 (sales advisory) prove attribution — which is the one thing that makes revenue-share collectible. Owning the measurement layer is our unfair advantage in pricing on outcomes. Everyone can claim they drove the result; we can prove it, because we built the system that counts it.

And every engagement, across all four lines, deposits reusable AI-executable skills into a shared library — so the next project starts further ahead. That library is the asset (Section 5).

How we price — and the discipline that keeps us alive

Our default is outcome-based pricing wherever a clean, attributable revenue line exists. But I want to be blunt about the risk: revenue-share means we invest our time as capital before we collect. Bad client selection isn't a small mistake — it's months of unpaid work. So we never go pure-contingency without runway (base fee + success fee, always), and we underwrite every rev-share deal like a VC. A client qualifies only if all five of these hold:

The deal screen — all five must hold
1 · Ringfence-able wina specific channel / product / funnel we can isolate and attribute
2 · Clean baselinewe can credibly measure the "before"
3 · Visibilitywe see — ideally operate — the numbers; no trust-me reporting
4 · Headroomthe business can actually grow if we do our job (market + margin exist)
5 · Aligned operatorthe owner will execute what we hand over

Fail any one, and it's a fixed-fee project, not revenue-share. I'd like this screen to be a rule we actually hold each other to, not a slide. It is our risk management.

4Go to market

One loop: products pull leads, advisory generates truth, truth becomes product

I don't want us buying growth. I want a motion that compounds on its own work. Here's the loop I have in mind, and it's the operational version of the flywheel: products (10X Claude and what comes after) give us cheap, wide reach and surface the serious owners; some of those become advisory clients, where we earn margin and, just as importantly, learn the real problems Thai SMEs face at close range; we then distil what we learn back into products — better, deeper tools — which pull the next, larger wave of leads. Each turn makes the next cheaper and sharper.

1
Products pullLow-ticket tools create reach, brand, cash, and a filtered list of serious owners.
2
Advisory earns & learnsOutcome-priced engagements pay us — and teach us the real, unglamorous SME problems.
3
Insight productisedWe turn hard-won playbooks into the next product, deeper than the last.

The product I most want us to build: advisory-in-a-box

Think 10X Claude, but a generation further. Not a prompt pack — a downloadable, deploy-it-yourself system built for an owner with low technical ability: e.g. a complete CRM-and-sales workflow they can stand up in a day, pre-wired with the thinking we'd otherwise sell in an engagement. The product does two jobs at once. It closes the affordability gap — an SME that could never pay for a consulting project can buy the productised version of it — and it acts as a "thought buddy" that helps an owner go from blank page to a working prototype with us in their corner.

That's the bridge that makes the whole firm cohere: advisory is where we discover what's worth knowing; product is how we make that knowledge affordable to everyone else. The high-touch work funds and informs the low-touch work; the low-touch work feeds the funnel for the high-touch work. Neither cannibalises the other — they're two speeds of the same engine.

Why this beats buying ads

Paid leads stop the moment you stop paying. A product-led loop does the opposite — every engagement makes the product better, every product release widens the funnel, and the cost-per-qualified-lead falls over time. We're building an owned channel and a compounding asset, not renting attention.

5How we win and defend it

A small senior team, with AI doing the heavy lifting

The whole model rests on one operational claim: that a small, senior team — with AI doing the analyst work — can deliver what used to take a floor of consultants. That leverage isn't a nice-to-have; it is the business model. People do the judgment, the relationships, and the last-mile quality bar. AI does the research, the modelling, the first-draft decks and content. If we can't make that real for ourselves, we have no business selling it to anyone.

Between us we already have the right raw mix — strategy, build, and operator instincts. I'd rather we stay deliberately flexible on who owns what for now, and let the roles settle as the work shows us where each of us is strongest, instead of forcing ourselves into boxes on day one. The one thing I won't be flexible on is the thing money can't buy: a shared picture of where this goes. Misaligned founders is the number one killer at this stage — that's the entire reason this memo exists.

The moat is the library

If someone asks "what stops a smarter, faster team from doing this to you?" — this is the answer. Every engagement deposits reusable, AI-executable skills into a firm library. Each new project starts further ahead, at lower marginal cost than the last. It compounds. (10X Claude's skill system is the working prototype of exactly this.)

The moat compounds: every engagement makes the next one faster and cheaper
Cumulative reusable playbooks in the firm library, per engagement (conceptual)
Conceptual illustration of the compounding skill library (N-09). Replace with real counts once engagements run. The point is the curvature, not the values.

Stacked on top of the library are three more defences: the measurement infrastructure that makes our outcome-pricing provable, Thai-context trust (local nuance plus a brand SMEs believe), and founder pedigree (2× BCG + a real builder + operator credibility). The library is the one that compounds; the others are why we win the first ten clients while it's still small.

Focus: sequencing beats simultaneity

Here's the trap I'm most worried about, and it's a quiet one. Four lines × four part-time-ish founders = the classic way to spread thin and do none of it well. The discipline I'm proposing for the next two quarters is deliberately boring:

Throttle by line — next two quarters
Where our attention goes (and, just as importantly, where it doesn't)
Recommended throttle. The prize is one documented rev-share win + a self-running product engine — not four half-built lines.

Products run semi-autonomously (cash + brand + lead-gen) — systematized so they don't eat founder time. Sales Advisory gets the full focus: we go deep on one flagship (RK) and make it the undeniable reference case, because the rev-share model is unproven until exactly one win is documented end-to-end. Systems we take only opportunistically, when it strengthens a Line-2 client. Ventures are parked. We revisit when Lines 1–2 throw off the time and cash to justify it.

The six-month prize

One documented revenue-share win (RK), and a product engine that runs on a few hours of founder time a week. Those two things — and only those two — unlock partner conviction, fundraising-of-attention, and the next ten clients. Everything else is a distraction until they're done.

6What makes a firm endure

You asked the right question, and I think it's the most important one in this memo: when a new consulting firm starts, why do the overwhelming majority drift into being a no-name shop "optimising Facebook ads" that ends up selling courses — while a tiny few become BCG or Bain? I've thought about this hard. It isn't luck, and it isn't a single trick. It's that the great firms built a self-reinforcing system on purpose, and the rest built a service business by accident. I want us to understand the system on Day 1, because almost every early decision either feeds it or starves it.

What the enduring firms actually got right

Strip away the mystique and I see five things, and they reinforce each other:

1 · They sell trust to the top, not tactics to the middle. MBB sells risk reduction on the decisions that matter most, to the people accountable for them. When the cost of being wrong is enormous, the buyer is not price-sensitive — and prestige is part of the product. The Facebook-ad shop sells a commodity task to a junior buyer who churns on price. Same industry, opposite businesses.

2 · They build proprietary IP that compounds. The experience curve, the growth-share matrix, benchmark databases — owned frameworks and data that make each engagement faster and more credible than the last. The no-name firm re-does every project from scratch and owns nothing afterward.

3 · They are ferociously selective — and selectivity creates the brand. Saying no, holding a brutal quality bar, and protecting "one firm" consistency is why the brand means something. Scarcity and standards are not the by-product of being elite; they are the cause of it.

4 · They price on value, never on cost. They simply don't compete on being cheaper. Once you compete on price you've conceded you're a commodity — and commodities race to zero, which is exactly the road that ends in selling courses.

5 · They run a talent-and-alumni flywheel. Elite output builds the brand, the brand attracts elite people, and alumni become the executives who hire the firm a decade later. The relationship outlives the project.

The no-name firms aren't worse at the same game — they're playing a different one. They sell transactions; the great firms sell trust that compounds. We have to decide which game we're in before our first invoice, because the two require opposite habits.
Two different businesses wearing the same word, "consulting"
Commoditisation (→ price competition) vs. depth of value & trust — where players sit
Conceptual positioning. The danger zone is the bottom-right: high commoditisation, low trust — the gravity well that pulls new firms toward ads-and-courses. Our intended position is top-left, reached affordably via the product loop.

Our translation — same game, new era, Thai SME wedge

We can't copy MBB's cost structure, and we shouldn't want to. But the system translates almost perfectly to what we're building — and AI lets us reach it without their overhead:

Our version of "selling trust, not tactics" is revenue-share: the purest possible promise that we own the outcome with you. Our proprietary IP is the playbook/skill library plus Thai-SME benchmark data nobody else is accumulating. Our selectivity is the five-point deal screen — it's not bureaucracy, it's brand-building. Our "never compete on price" is productising the cheap tier so we widen access through products while keeping advisory premium and outcome-aligned — that's how we avoid the course-mill trap while still being affordable. And our flywheel is the GTM loop in Section 4.

A roadmap that sets the direction without caging us

Deliberately loose on tactics, clear on the game. Three horizons:

HorizonThe goal of the phaseWhat we must not do
Now → ~6 mo
Earn the right
One undeniable, documented outcome (RK). Set our quality bar and start hoarding IP from every engagement. Define the standard of "our work."Don't chase logos or revenue breadth. Don't take a deal that fails the screen just to eat.
~6–18 mo
Turn the loop on
5–10 documented wins; product loop running; own a narrow category ("the firm that does X for Thai SMEs"). Reference stories sell the next ten.Don't broaden the category before we own a narrow one. Don't let products become a discount on our trust.
18 mo +
Compound & expand
Benchmark-data moat; talent flywheel begins; expand lines/segments/geography from a position of brand, not need.Don't dilute the bar to scale headcount. Growth follows the brand, never the reverse.

If we hold the direction — trust over tactics, IP that compounds, selectivity as brand, value over price, a loop that feeds itself — the specific tactics can flex as the market teaches us. That's the balance I want: obvious about the game, flexible about the moves. And it has to be shared across the four of us from Day 1, because the first time we're tempted by an easy, off-strategy deal, this is the section that has to win the argument.

7The next six months — and the ask

Here's the north star, and then what I'm actually asking of each of you. The north star is simple enough to say in one line and big enough to spend years on: world-class help, finally within reach of the businesses that drive Thailand — and, eventually, beyond it. From ฿490 products, to revenue-share advisory, to helping Thai SMEs expand abroad.

1
documented rev-share win (RK), measured & written up
100
first 10X Claude customers; engine runs near-autonomously
4
founders, fully aligned on the same picture of where this goes

The ask is this: read this through, come with where you agree, where you don't, and what you'd change — and let's spend our next session aligning, not admiring the problem. I don't need us to agree on everything today. I need us to agree on the same thing, deliberately, before we pour the next six months into it. If we get the alignment right, I think the window in front of us is genuinely rare. If we get it wrong, no amount of AI leverage will save us from ourselves.

Let's go build it — together, and on purpose.


— Weerapat

Confidential · Founding Vision · 2026. Figures and their confidence levels are tracked in the Control Room (_control_room/index.html); illustrative numbers are marked as such and should be hardened before any external use. Companion deck: Firm_Vision_Deck.pptx.