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The only thing that matters
When you start a new company, the key product/market fit question you need to answer is whether you have discovered a nonobvious market opportunity where you have a unique advantage or approach, and one that competing players won’t see until you’ve had a chance to build a healthy lead. It’s usually difficult to find such an opportunity in a “hot” s
... See moreChris Yeh • Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies
Venture Capitalists at Work: How VCs Identify and Build Billion-Dollar Successes
Tarang Shah, Tarang Shah, Sheetal Shah
amazon.com
Product/market fit enables rapid growth, while the lack of it makes growth expensive and difficult. The concept of product/market fit originates in Marc Andreessen’s seminal blog post “The Only Thing That Matters.” In his essay, Andreessen argues that the most important factor in successful start-ups is the combination of market and product. His de
... See moreChris Yeh • Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies
Bad markets are the reason many great products and teams never find PMF. A declining or non-existent market will kill you no matter how good your execution is.