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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.

Video

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

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.

Elad Gil

10/18/18

@ Y Combinator

In the early stages, companies often fail to find product market fit, which can derail their success.

Todd Jackson

04/11/24

@ Lenny's Podcast

Most startups never get past level two of product-market fit, which is a common challenge for early-stage companies.

Todd Jackson

04/11/24

@ Lenny's Podcast

Finding product-market fit is the single most important thing that your startup does in the first three years, yet it's often underexplored and underexplained.

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.

David Rusenko

09/06/18

@ Y Combinator

The key to achieving product-market fit is to continue iterating until you find something that resonates with users, rather than relying solely on metrics like signups.

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.

Michael Seibel

05/07/22

@ Y Combinator

Before thriving, a startup must first survive, and sometimes achieving product-market fit takes longer than expected, requiring patience and strategic adjustments.

Todd Jackson

04/11/24

@ Lenny's Podcast

If a founder has been working for four to five years without finding product-market fit, it may be time to reconsider their approach.