Topline E57: Finding and maintaining product-market fit
May 12, 2024
Exploring the challenges of achieving and maintaining product-market fit, the impact on personal health, and the disillusionment of young professionals. Also, discussing the societal impacts on media consumption and the evolving news landscape, as well as innovative technology for board decks and reflections on sales predictions and financial support.
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Transcript
Episode notes
PMF is a Process
- Many think product-market fit (PMF) is binary and achieved through luck.
- PMF is a process requiring intentional effort, not just hitting a revenue milestone.
Customer Obsession
- Founders should be obsessed with their customers.
- Understand customer workflows deeply and build software that embodies them.
GLG's Success Story
- GLG's success stemmed from founders' deep empathy with their target customers: hedge fund managers.
- Alexander Sainamoan and Mark Gerson connected with different segments of hedge funds, leading to early adoption.