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TJ

Todd Jackson

04/11/24

@ Lenny's Podcast

It's common for founders to feel paranoid about product-market fit, even when they reach significant revenue milestones.

Video

LP

A framework for finding product-market fit | Todd Jackson (First Round Capital)

@ Lenny's Podcast

A framework for finding product-market fit | Todd Jackson (First Round Capital)

04/11/24

Related Takeaways

LP

Lenny's Podcast Cast

04/11/24

@ Lenny's Podcast

Many founders feel they never truly achieve product-market fit, often waiting until they reach significant revenue milestones to feel confident about their product's success.

GR

Geoff Ralston

12/15/20

@ Y Combinator

It's crucial for startups to think harder about achieving product-market fit and to be honest about whether they have it, especially in uncertain economic times.

YC

Y Combinator Cast

05/20/22

@ Y Combinator

It's common for founders to want to hire an executive team prematurely, influenced by the success stories of established companies, but this can be misguided without product-market fit.

MS

Michael Seibel

04/09/22

@ Y Combinator

Founders often psych themselves out by worrying about competitors, especially when they see a competitor raise significant funding, leading them to feel like they are failing.

YC

Y Combinator Cast

04/18/24

@ Y Combinator

It's common for founders with expertise to feel fearful and second-guess their ideas, while those without expertise may be overly confident in their assumptions.

MS

Michael Seibel

11/29/18

@ Y Combinator

I often have to ask founders a tough question: why does your company deserve more money after spending 1 to 2 million dollars without finding product-market fit?

YC

Y Combinator Cast

03/01/24

@ Y Combinator

It's essential for founders to use their own product and feel proud of it; if they can't, it raises questions about its value to others.

MS

Michael Seibel

11/30/21

@ Y Combinator

Fear-based decision-making can lead founders to fundraise before their product is ready, especially if they believe their product is bad and fear failure.

TB

Tikhon Bernstam

09/09/17

@ Y Combinator

As a repeat founder, I believe it's crucial to avoid raising money too early; focus on achieving strong product-market fit before seeking investment.