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TJ

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.

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

EG

Elad Gil

10/18/18

@ Y Combinator

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

TJ

Todd Jackson

04/11/24

@ Lenny's Podcast

Even at level four, finding product-market fit for new products is challenging and requires continuous effort.

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.

TJ

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.

DC

Dalton Caldwell

04/18/24

@ Lenny's Podcast

The most common reason startups fail is that founders don't talk to customers and fail to find product-market fit.

MS

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.

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.

TJ

Todd Jackson

04/11/24

@ Lenny's Podcast

At level one product-market fit, your goal is to find three to five customers with a significant problem and deliver a satisfying solution, even if it means being inefficient initially.

YC

Y Combinator Cast

02/13/25

@ Y Combinator

The primary goal for early-stage startups should be to find product-market fit, and spending should be minimized until that is achieved.