A framework for finding product-market fit | Todd Jackson (First Round Capital)
In Product/Market Fit, we addressed the question of value creation, or more generically, does the idea work? In Team/Industry Fit, we looked at the feasibility of creating the organization through which the idea could grow. The third area of inquiry is one of happiness, really: is it worth our investment? Can we achieve a vision for success?
Patrick Vernon • Venture Capital Strategy: How to Think Like a Venture Capitalist
Stop thinking of product-market fit as a yes or no question—but instead as a process of finding fit with more segments of the market.
Lenny Rachitsky • A guide for finding product-market fit in B2B
founding teams should never grow beyond six until there is true product-market fit. Product-market fit (PMF) is the milestone of having created a product that customers are finding so much value in that they are willing to both buy it (after their test phase) and recommend it. Metrics that show whether PMF has been achieved include revenue, renewal
... See moreAlex MacCaw • The Great CEO Within: The Tactical Guide to Company Building
- Level one: Nascent product-market fit. Likely a pre-seed or seed-stage company. The goal in this stage is to find three to five customers with a problem worth solving, engage with them, deliver a solution, and validate that solution. [examples: Vanta, L