Moses came down the mountain with 10 commandments for a religion. As the startup cult is pretty religious too, I thought of writing down 10 commandments for product-market fit. I present to you, the Product-Market Fit Manifesto, first draft.
The Product-Market Fit Manifesto
A startup is a group of people looking for a novel, repeatable, scalable business model.
A business model is the way a startup creates, captures and delivers value
The way a startup creates value is by having a superior solution to the competition out there—it’s their only moat
Therefore, any startup should obsess over creating a product that everyone wants and getting that product to as many people as possible
To create successful products, i.e. to unlock demand, one must deeply understand the desires and needs of the customers
To successfully market products, one must deeply understand what words and channels to use to get on the radar of potential customers
Only when the founder can convince customers that the value generated is higher than the costs associated, startups are allowed to deliver and capture the promised value
Initially, this process is clumsy, not scalable, and inefficient.
In the end, successful startups can:
Offer a product people want
Sustainably acquire and retain customers
Deliver the product profitably at scale
Only then, a startup has the right to claim to have reached product-market fit.
Brilliant 🌟 The Founders I write for will Love This 🌞
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