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Bloomberg Businessweek Weekend - June 24th, 2022
Bloomberg Businessweek
Is Your Product Market Fit?
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You need to have this minimul valuable product in order to build on it. Oftentimes founders, particularly founders who come from communities that are outside of yo. Traditional communites in the start ups will tap into their four one k to build these robust prototypes without knowing whether or not there's a market for it. It really goes back to this concept of product market fit. Does your products have a market? Does your product have people who want to pay for it? And so your goal with your minimum viable product is to find out this product market fit without spending a ton of money.
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