Casey’s Guide to Finding Product/Market Fit
- 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,
Lenny Rachitsky • A framework for finding product-market fit | Todd Jackson (First Round Capital)
Consistent flattening of a month’s retention curve over time plus growth in new users every month is true product/market fit. What if satisfaction of your product cannot be measured by retention? This happens. Some products are one time use or extremely infrequent in nature. In that case, I like to use custom surveys to measure the level of... See more
Casey's Guide to Finding Product/Market Fit
- First Round Capital’s PMF framework consists of four levels: nascent, developing, strong, extreme
- 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,