This Is Product Market Fit

The concept of product-market fit, a crucial aspect of traction for startups. Watch the full short — free, no account needed.

What this short covers

The concept of product-market fit, a crucial aspect of traction for startups. Achieving product-market fit indicates that a company has found a good market with a product that can satisfy that market.

Transcript

So this is what true product market fit looks like. So first you need to have created something that people really want. If you were to survey your users and over 60% of them were to say that they will be very disappointed if they could no longer use your product, that means you have product market fit. The next thing is you need to be able to keep finding new people that want to use your product so that it's sustainable over the course of time. And then lastly, are you able to realize value from the value that you're bringing to these people that are using your product? In essence, are they willing to open their wallet and give you money? If the answer is yes, you got it. If not, you got to go back to the whiteboard. If you're looking to raise money, go to startupf fundraising.com and supercharge your race with AI.

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•By Alejandro Cremades