Product Market Fit [Andy Rachleff]
Download MP3Andy breaks down why and what PMF is.
Listen to Village Global: https://www.listennotes.com/podcasts/village-globals/andy-rachleff-on-investing-YaXZIM2WHuj/ (15 mins in)
- Don Valentine
- If a startup can screw something up it will
- only way it can succeed is if the market pulls the product out of its hands
- Steve Blank:
- Value hypothesis (what are you building, for whom is it relevant, whats your business model)
- THEN Growth hypothesis (acquire customers cost effectively)
- Almost no company succeeds with its original value hypothesis - they succeed and then they revise history
- Great tech companies don't start by evaluating the market and coming up with solutions
- They observe an inflection point in tech that allows them to build a product, then figure out what they can do with that
- iterate on the who, don't iterate on the what
- most people change product - you lose insight on tech differentiation
- iterate on the customer base to find what you have to offer
- find desperate people - they dont say maybe, they say WHEN CAN I HAVE IT
![Product Market Fit [Andy Rachleff]](https://img.transistor.fm/ehfVRtOTdvanujsOR_PvWAZpieYtHwCRnQtepj-ExmI/rs:fill:800:800:1/q:60/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzE3NjMxLzE2MjY4/NDU3NzgtYXJ0d29y/ay5qcGc.webp)