Achieving strong product-market fit (PMF) matters now more than ever. With budgets tightening, products that may have appeared to have PMF in the previous market may be more “nice to have” in this one.
Throughout the year, we host a series of small group discussions for early-stage founders in the B2B ecosystem and focus the content on topics that are top of mind for participants. A few weeks ago, we invited Andy Rachleff, a product-market fit lecturer at the Stanford Graduate School of Business, former VC, and Co-Founder and former CEO of Wealthfront, to join. Andy shared his simple, sometimes counterintuitive, and often controversial take on what is and isn't product-market fit and how to navigate the journey to achieving it. We summarized the key points here.