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Sets the stage for long-term success
- Perhaps most importantly, achieving product-market fit sets the stage for long-term success. A well-received product is positioned for continued growth, adaptation to market changes and resilience against competition. It forms the foundation for building a sustainable and thriving business over the years.
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- Tren Griffin
- “Give me a giant market — always.” “Arthur Rock is the representative of: you find a great entrepreneur and you back him. My position has always been: you find a great market and you build multiple companies in that market.”
- “A value hypothesis is an attempt to articulate the key assumption that underlies why a customer is likely to use your product. Identifying a compelling value hypothesis is what I call finding product/market fit.
- “You often stumble into your product/market fit. Serendipity plays a role in finding product/market fit but the process to get to serendipity is incredibly consistent.
- “You can always feel when product/market fit isn’t happening. The customers aren’t quite getting value out of the product, word of mouth isn’t spreading, usage isn’t growing that fast, press reviews are kind of ‘blah’, the sales cycle takes too long, and lots of deals never close.
Mar 27, 2023 · Rather, first to product-market fit is almost always the long-term winner. There are many examples of this: Apple didn’t get to market with the first digital music player, smartphone, tablet or smartwatch.
- Richard Mcclurg
Apr 24, 2022 · Rather, first to product/market fit is almost always the long-term winner.” Due to the right timing and being functional, Unsiwap became a unicorn and multibillion-dollar project.
Perhaps most importantly, achieving product-market fit sets the stage for long-term success. A well-received product is positioned for continued growth, adaptation to market changes and resilience against competition.
Product-market fit describes a scenario in which a company’s target customers are buying, using, and telling others about the company’s product in numbers large enough to sustain that product’s growth and profitability.
Mar 21, 2024 · At its core, Product-Market Fit represents the harmonious alignment between what a product offers and the desires or requirements of its target market. Achieving this fit means your product sufficiently satisfies a strong market demand, a feat easier said than done.
Oct 18, 2024 · At Simon-Kucher, we understand that achieving product-market fit is critical to your business’s long-term success. Our team of experts is here to guide you through every step of the process, from deep market research and customer segmentation to pricing strategy and go-to-market execution.
