The Product Podcast The Process to Finding PMF by fmr Founder PM at ByteDance/TikTok
4 snips
Feb 2, 2023 AI Snips
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Transcript
Episode notes
True Meaning of Product-Market Fit
- Product-market fit means that people actually use the product regardless of how they feel about it.
- Retention and usage matter more than satisfaction or positive feedback for product success.
Innovate by Improving, Not Problem-Solving
- Most innovations come from making things 10x better, not solving explicit problems.
- Users often want something better rather than consciously seeking to solve a problem.
Iterate To Find Product-Market Fit
- Fail often to learn and incrementally improve your product.
- Persistence and continuous iteration drastically increase your chances of success.