← Back to browse

Third Web

by Furqan Ridavia My First Million
Growthproduct led growth
Pricingsubscription
Built in2-3 days for signup agent prototype
The Spark

Furqan Rida, a nocturnal hacker-founder who codes late into the night, became obsessed with AI agents—autonomous systems that can plan, execute, and reason through complex tasks. While running Third Web, a web3 developer platform with 37 employees, he noticed a problem: valuable signups were flooding in daily, but there was no systematic way to qualify and reach out to interesting leads. A human salesperson could handle it, but the company wanted to scale smarter.

Building the First Version

Rida hacked together a prototype in a couple of nights. He built an AI agent using Claude and OpenAI's LLMs, giving it a simple directive: "When a signup comes in, research the person, find their company info, determine if they're interesting, figure out what Third Web products they might need, and send them a personalized email." He didn't hand-code each step. Instead, he wrote a few paragraphs describing the agent's mission and guardrails. The agent learned to break down the task autonomously—inspect the domain, look up the person, research their company, reason about product fit, and compose an email.

After the prototype worked, Rida handed it off to someone on the solutions team. "Within a day, they turned it around," he recalls. The implementation took roughly 15 minutes to 2 hours once he understood the tools (Leap, LangChain, OpenAI SDK, Claude SDK). No complex engineering required.

Finding the First Customers

Third Web didn't need to find customers for the agent itself—they deployed it internally first. The signup agent became so effective that Rida rolled out 8-10 similar agents across the company, automating customer research, email outreach, calendar management (analyzing 28 hours of meetings in seconds), and personal workflow optimization. One agent even auto-generated his laptop wallpaper based on his activity—a "frivolous" but joy-inducing use case that proved the flexibility of the technology.

What Worked (and What Didn't)

The magic wasn't in the AI itself—it was in combining AI agents with existing business systems. The signup agent connected to Gmail, websites, and Slack. It operated with human oversight initially, though the team eventually let it send emails autonomously. The key insight: AI agents work best for "clear directive" problems—tasks with well-defined inputs, logical steps, and measurable outputs. Vague, ambiguous directives fail.

Rida's realization was simple: a 37-person company now felt like 80 people. Each agent multiplied individual capability without adding headcount or salary costs. This wasn't theoretical—it was transforming how Third Web operated in real time.

Where They Are Now

Rida views AI agents as the next major productivity wave, comparable to the shift from on-premise servers to cloud computing. He's evangelizing the pattern beyond Third Web, highlighting that any company with digital workflows can deploy agents today. Tools like Leap (a no-code agent builder) or code-first frameworks like LangChain make it accessible to both developers and non-technical operators. The technology is mature enough to ship. Rida believes the future belongs to companies that deploy agents aggressively—and Third Web is proof that small, intelligent teams can punch well above their weight.

Similar Companies

247.ai

$25.0M/mo

247.ai, founded by PV Cannon in 2000, is an AI-powered customer service automation platform serving over 150 enterprise customers with $300M+ in ARR. The company raised only $20M from Sequoia (2003) and bootstrap, achieving 10% net profit margins while maintaining a 12-month CAC payback period and 100% net revenue retention. Despite a security breach setback around 2018, 247.ai has recovered and recently achieved 20% new revenue booking growth in their best quarter.

iCIMS

$13.3M/mo

iCIMS is a bootstrapped SaaS provider founded in 1999 that dominates the talent acquisition software market as the #2 player, serving 3,500 enterprise customers with an average monthly spend of $4,000. The company exited 2017 with $160M ARR and is targeting 25%+ annual growth while maintaining profitability, recently acquiring Text Recruit to expand into candidate messaging and recruitment advertising.

Zoom

$12.0M/mo

Zoom is a freemium SaaS video conferencing platform founded by Eric Yuan in July 2011 after he left Cisco to build a next-generation collaboration solution. The company has grown to 850,000+ paying customers across individual, SMB, and enterprise segments, generating over $12M in monthly recurring revenue with approximately 100% year-over-year growth. Rather than focusing on customer stickiness or aggressive growth targets, Zoom emphasizes customer happiness and organic word-of-mouth acquisition, which has proven highly effective in driving viral adoption.

Madwire

$10.0M/mo

Madwire is a comprehensive SaaS platform for small businesses (1-100 employees) that combines CRM, payments, invoicing, billing, e-commerce, and multi-channel marketing tools in a single platform. Founded in 2009, the company has grown to $120M ARR serving 20,000 customers with an average revenue per user of $500/month, while maintaining strong unit economics ($3,000-$4,000 CAC with 3-month payback) and recently turning profitable with a focus on reaching 15-20% EBITDA margins. The company is exploring an IPO within 12-18 months without having raised substantial capital beyond an initial $7.5M.

SwiftPage

$7.0M/mo

SwiftPage is a CRM and marketing automation platform founded in 2001 that targets small businesses. Under CEO John Oshel's leadership since 2012, the company scaled from 60,000 customers with $26.2M revenue in 2015 to 84,000 customers today with an estimated ARR of $36M+, maintaining 1.5% monthly logo churn and a 6-7 month payback period with a sub-$500 CAC.

Related Guides