First to Market
The Four Waters Framework

Predict the future with category maturity mapping

The strategy that wins in one stage can sink you in the next. Every category moves through four waters, and each one rewards a different kind of company.

The Four Waters of category maturity
1

Uncharted Waters

You're creating a category nobody has named yet. The market doesn't know it has the problem you solve.

1 tracked category, 7 companies: Agentic Analytics
2

First Voyage

A few pioneers are sailing the same route. The category has a name but no clear leader — education is still your primary job.

8 tracked categories, 75 companies: AI Agent Observability, AI Gateways, AI SDR / AI Sales Agents, Answer Engine Optimization (AEO) / Generative Engine Optimization (GEO), Authenticity Platforms, MCP & Agent Integration Infrastructure, Message and positioning market research, Physical AI
3

Charted Course

The waters are mapped. Multiple competitors, analyst coverage, and a known budget line. Differentiation matters more than education.

7 tracked categories, 63 companies: AI Agent Security, Agent web access / web scraping & extraction, Autonomous Vehicles (AV) / Self-Driving Cars, Cyber Risk Quantification (CRQ), Legal Research & Workflow Platforms, Usage-Based Billing & Monetization Infrastructure, Voice AI / AI Voice Generation

How pricing shifts as categories mature

Pricing models of tracked companies with a public model, by the stage of their category.

1 · Uncharted Waters (n = 3)
hybrid 33%per seat 33%usage-based 33%
2 · First Voyage (n = 44)
hybrid 41%per seat 25%flat rate 23%usage-based 11%
3 · Charted Course (n = 38)
usage-based 39%hybrid 26%per seat 21%flat rate 13%
4 · Crowded Waters (n = 76)
per seat 46%hybrid 22%flat rate 17%usage-based 14%

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Where does your company sit?

Ten questions, about 90 seconds. Benchmark your category against our library of 238 companies across 27 categories, or find the categories that have already been where you are.