In a lengthy interview with First Round Review, Nikhyl Singhal – three-time founder and former chief product officer at Credit Karma – offers a wealth of insights into the product function. Founders and product leaders in early and growth-stage start-ups will appreciate Singhal’s incisive comments, which cover timing, hiring, common pitfalls and matching the product function to the company’s growth stage. Open at source
4 min read · 2020-02-25 · Product-market fit is the number one reason why startups succeed. This document contains a powerful engine to define, measure, and systematically increase product/market fit. It can even generate your…
20+ min read · From 2015 · [First published June 2007] This post is all about the only thing that matters for a new startup. But first, some theory: If you look at a broad cross-section of startups — say, 30 or 40 or more;
20+ min read · Sep 9th · CEO Tara Viswanathan shares her biggest lessons from the early years of building Rupa Health — including how to pivot your way into the right product and build the winning team.
Most conventional startup advice out there is post-product/market fit, but it’s dangerous to take that advice when you’re still pre-product/market fit.
The most common mistake I’ve seen founders struggle with is falling in love with a particular product or solution and thus spending too many cycles on something that doesn’t work.
Finding product/market fit is about finding the small problem that seems so simple and obvious in retrospect.
~12 min read · Apr 13th · As a product leader with a background in growth, it’s surprising how much what I actually end up working on is product/market fit. Product people should only be focused on growth i.e. connecting peo
So what is product/market fit then? Product/market fit is not when customers stop complaining and are fully satisfied. They’ll never stop complaining. They’ll never be fully satisfied. Product/market fit is when they stop leaving
So product/market fit cannot be measured by retention alone. That retention has to create sustainable growth, which means the rate of retention matters.
If the rate of retention can’t support acquisition loops that continue to scale new users, retention needs to be improved to find product/market fit. Some companies can scale with 10% retained users, and some may need 40%, all depending on the strength of the acquisition loop.
~20 min read · From 2018 · Superhuman founder and CEO Rahul Vohra walks us through the framework his startup used to make product/market fit more actionable, detailing the survey and four-step process that were key to measuring…
~14 min read · From 2017 · The product/market fit (PMF) concept was developed and named by Andy Rachleff (who is currently the CEO and co-founder of Wealthfront, and is a co-founder of Benchmark Capital). The core of Rachlef…