Startup Funding Espresso Product Market Fit Mental Model
Product Market Fit Mental Model Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Product market fit is a mental model that demonstrates your product meets the market's requirements.\xa0\xa0 It\u2019s a key milestone in the journey of the startup as it\u2019s the point of inflection for growth and later scale. Without product market fit the startup will most likely fail. A startup has achieved product market fit when demand outweighs the supply.\xa0 In other words, customers demand your product faster than you can provide it and you know why they want it. When you achieve product-market fit customers are spreading the word about your company. If you stop providing your product your customers have a real problem. When you don\u2019t yet have product market fit you can change the product, the market, the team, or the value proposition. Scaling before achieving product market leads to failure as you\u2019re increasing your costs before you have your revenue growth machine in place. Achieving product market fit is the primary goal of the early-stage startup. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .