For the entrepreneurial type: this is a great dive into the fundamentals of product-market fit by @sparkszilla. The whole read is worth it if you’re interested in raising funds in the future. The heart of the article stems from three axiomatic theories:
- Rachleff’s Law of Startup Success: Rachleff says, “The #1 company-killer is lack of market. When a great team meets a lousy market, market wins. When a lousy team meets a great market, market wins. When a great team meets a great market, something special happens.”
- Rachleff’s Corollary of Startup Success: “The only thing that matters is getting to product-market fit.”
- BPMF and APMF: The lives of startups are divided into two categories, before product-market fit (BPMF) and after product-market fit (APMF).
And the Vohra questionnaire to see if you have PMF is one I’ll keep on hand for the future. 👌