Jyoti Bansal on how Traceable found product-market fit
Mar 19, 2025
auto_awesome
Jyoti Bansal, CEO of Harnessio and TraceableAI, and co-founder of Unusual Ventures, shares his journey in software entrepreneurship alongside his long-time friend John Vrionis. They delve into the recent merger of Harness and Traceable aimed at revolutionizing the DevSecOps landscape. Jyoti reveals the insights that founded Traceable and emphasizes the iterative nature of achieving product-market fit. He offers valuable advice for early-stage founders, stressing the importance of customer discovery and resilience in building successful companies.
Finding product-market fit is an iterative journey that requires constant validation and adaptation based on customer feedback and needs.
The strategic shift from a product-led growth model to traditional enterprise selling was essential for engaging larger organizations in cybersecurity.
Deep dives
The Journey to Product Market Fit
Finding product market fit requires validating and iterating on initial assumptions throughout the entrepreneurial journey. The discussion emphasizes that it is not a linear path; rather, it often involves pivoting based on customer feedback and market conditions. The journey highlights that despite having previous successes, entrepreneurs must remain flexible and willing to adapt their strategies when necessary. This iterative process is crucial in navigating the complexities of launching a new venture.
Insight Driven Discovery
The inception of Traceable stemmed from the founder's experiences at AppDynamics, where frequent inquiries about security monitoring revealed a significant pain point in securing applications. The realization that performance monitoring techniques could be repurposed for application security spurred the company's founding. However, the conversation ultimately showed a greater need for understanding application inventories rather than directly securing them, indicating a gap between initial assumptions and market needs. This discovery underscored the importance of aligning product offerings with real-world customer challenges.
Target Market Realization
Initially, the target demographic for Traceable was perceived to be mid-sized, cloud-native companies desperate for security solutions. Through customer discovery, it became evident that larger enterprises, particularly in the finance and healthcare sectors, faced more acute compliance pressures and were therefore more invested in securing their APIs. These sectors require robust security measures due to the severity of potential cyber threats and regulatory mandates, which shifted the focus towards those organizations. Such revelations demonstrate how understanding one's customer base is paramount to refining business strategies.
The Evolution of Business Strategy
An initial assumption about employing a product-led growth (PLG) model was found to be misaligned with the realities of engaging enterprise clients in cybersecurity. As the founders recognized that traditional enterprise selling strategies were more effective for their target market, they pivoted the approach accordingly. This strategic shift was necessary to better serve large organizations that often have smaller teams with limited resources, requiring top-down sell strategies. Adapting their business model to meet the demands of a different customer segment ultimately facilitated a more successful path to market.
Jyoti Bansal is the CEO of @Harnessio and @TraceableAI . He is also a co-founder of Unusual Ventures.In a special episode of the Startup Field Guide podcast, Jyoti sits down with John Vrionis – his co-founder and friend of 20 years — to discuss the recent merger of Harness and Traceable. This merger positions Harness + Traceable to create the most advanced AI-native DevSecOps platform in the world!Join us as we discuss:00:00 Product market-fit is a journey1:38 The recent merger between Harness and Traceable3:09 The insight that led to Traceable’s founding4:37 The technical inflection that Jyoti saw in 20197:46 The initial idea for Traceable11:39 Figuring out the right customer14:12 Iterating on Traceable’s GTM approach16:34 Advice for early-stage founders21:54 The big vision for Traceable + Harness25:56 One book all founders should read26:26 Jyoti’s advice on team-building27:55 Essential soft skill for founders28:55 Perspective on leadershipJohn Vrionis is the co-founder and CEO of Unusual Ventures.Unusual Ventures is a seed-stage venture capital firm designed from the ground up to give a distinct advantage to founders building the next generation of software companies. Unusual has invested in category-defining companies like Webflow, Arctic Wolf Networks, Carta, Robinhood, and Harness. Learn more about us at https://www.unusual.vc/.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode