This chapter explores various definitions of product-market fit by Mark Andreessen, Eli Gill, and Sam Altman, and discusses their limitations and applicability. It also presents two alternative definitions proposed by Brian Balfour and David Sacks, focusing on retention curves and burn multiples as measures of product-market fit.
Episode 47: Alex Lieberman (@businessbarista) dives into one of the most pivotal stages for every entrepreneur: finding product-market fit. There are a lot of definitions on product-market fit and how to achieve it. In this episode, Alex unpacks widely accepted definitions coined by pioneering business leaders but also highlights key issues within those definitions, such as lack of measurability.
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Alex Lieberman (@businessbarista)
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