Startup Field Guide by Unusual Ventures: The Product Market Fit Podcast cover image

Andy Rachleff on coining the term product-market fit

Startup Field Guide by Unusual Ventures: The Product Market Fit Podcast

CHAPTER

The Future of Venture Capital

In 1995, venture capital was really all about can the entrepreneur actually deliver on this architectural insight? So they were usually technical insights. Back then, we were still investing in companies with high technical risk and low market risk. The world started to change circa 1994, 1995, where software became dominant. You know that you can deliver the product but don't know whether or not somebody is going to use it.

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