A prospective customer who has shown an active interest in your product, typically by failing to close a pop-up window quickly enough.
What they actually mean
They haven't blocked our number yet.
Heard in the wild
"I’ve got three warm leads from yesterday's webinar who stayed on the Zoom call for at least forty seconds."
A mythical, highly cooperative target client who possesses an infinite budget, an urgent business need, and absolutely no procurement department to ruin the deal.
"This lead doesn't quite fit our ICP, but they seem keen."
Translation
They have zero budget and are just using us for free consulting.
To nominally lead a high-stakes business deal from a safe distance, delegating all actual labor to juniors while reserving the right to accept the praise.
"I’ll quarterback the pitch, but I’ll need you to draft the slides, do the modeling, and present the actual proposal."
Translation
"I will say hello at the start of the meeting and take the credit at the end."
The desperate act of badgering multiple contacts at a target client organisation in the hope that at least one of them will accidentally reply.
"I'm multi-threading the account to make sure we have alignment across both IT and procurement."
Translation
"I am spamming five of them now instead of one."