

A Product Market Fit Show | Startup Podcast for Founders
Mistral.vc
Every founder has 1 goal: find product-market fit. We interview the world's most successful startup founders on the 0 to 1 part of their journeys. We've had the founders of Reddit, Gusto, Rappi, Glean, Cohere, Huntress, ID.me and many more. We go deep with entrepreneurs & VCs to provide detailed examples you can steal. Our goal is to understand product-market fit better than anyone on the planet. Rated one of the world's top startup podcasts.
Episodes
Mentioned books

4 snips
Nov 10, 2025 • 47min
He walked away from $5M ARR—then built a $50M company. | Russ Fradin, Founder of Larridin
Russ Fradin, a serial entrepreneur and founder of Larridin, shares insights from his extensive 30-year career in startups. He reveals his bold decision to walk away from a $5M ARR with Dynamic Signal to pursue a nascent $200K pipeline, which eventually led to significant growth and a sale at $50M ARR. Russ discusses the importance of recognizing emergent user behaviors and stresses that just because everyone praises your idea doesn't mean it's viable. His journey illustrates that early validation and actual sales matter more than compliments.

14 snips
Nov 6, 2025 • 52min
He made 2 key changes —then grew to $100M ARR in 2 years & exited for $2B. | Harish Abbott, Founder of Deliverr & Augment
Harish Abbott, a serial founder and logistics innovator, shares his journey from struggling with Deliverr to achieving $100M in ARR and a $2B acquisition by Shopify. He reveals how two crucial changes—a dynamic delivery badge and flat pricing—revolutionized their growth. Now leading Augment, an AI logistics startup, Harish emphasizes the importance of product-price-market fit and understanding both end users and economic buyers. His insights on automating workflows and shadowing operators reveal how to build solutions that resonate with real needs.

Nov 3, 2025 • 49min
He built a $20B public company, left—then raised a $100M Series A. | Dheeraj Pandey, Founder of Nutanix & DevRev
Dheeraj Pandey, founder of Nutanix, transformed it into a $20B company before launching DevRev and raising a $100M Series A. He discusses the pitfalls of the 'sell and run' mentality, emphasizing the importance of delivering value post-sale. Dheeraj shares insights on platform thinking vs. feature-based approaches, how to navigate product-market fit at various milestones, and his vision for AI-native products. He recounts near-death experiences at Nutanix and advocates for focusing on customer retention to achieve sustainable growth.

24 snips
Oct 30, 2025 • 53min
He built a new database in his bedroom—now he powers Cursor, Notion and Anthropic. | Simon Eskildsen, Founder of turbopuffer
Simon Eskildsen, the founder of TurboPuffer and a former Shopify infrastructure engineer, discusses his journey of creating a cost-effective vector database. He reveals how he helped Cursor cut their costs by 95% within a week by migrating their entire workload. Simon emphasizes the importance of being willing to fly to customers and shares the exhausting 24-hour coding sprints that won over Notion. He also outlines his six reasons for considering fundraising and why he prefers staying profitable with a small team instead of raising unnecessary capital.

6 snips
Oct 27, 2025 • 51min
He burned $4M to hit $100K ARR—but with 1 big change, he grew to $4.5M ARR in just 12 months. | Guy Podjarny, Founder of Snyk & Tessl
Guy Podjarny, founder and former CEO of Snyk and current founder of Tessl, shares his journey of turning a $4M investment into a successful security company. He reveals that while thousands of developers loved Snyk, the crucial gap was in aligning with security teams, the actual buyers. By developing governance and enterprise features, he transformed Snyk’s monetization strategy, leading to skyrocketing growth. Guy also discusses his pivots to AI-native developer tools and emphasizes the importance of avoiding stagnation in entrepreneurship.

Oct 23, 2025 • 42min
5x founder asked Ford for a contract so large—they acquired his company instead. | Amar Varma, Founder of Mantle
In this installment, Amar Varma, a five-time founder who has driven projects like Tinder and sold Autonomic to Ford, shares his inspiring journey. He reveals how he negotiated an enormous deal by asking for a contract so large only the CEO could approve it, flipping the power dynamic. Amar also discusses why a higher price can open doors in enterprise sales, his new venture Mantle’s innovative approach to competing with giants like Carta, and crucial lessons for founders in navigating startup challenges.

Oct 20, 2025 • 41min
He "kind of" had PMF for 8 years—until, after a rebuild, he raised $100M | Ben Alarie, Founder of Blue J
Ben Alarie, the Founder and CEO of Blue J, is a tax law professor who revolutionized AI in tax research. He reflects on his journey from having 'partial product-market fit' to achieving remarkable growth, scaling from $2M to $25M in ARR after a bold rebuild. The episode dives into the importance of recognizing true PMF versus self-deception, the game-changing role of retrieval-augmented generation, and how improving 'time to value' has driven rapid customer adoption and word-of-mouth referrals.

17 snips
Oct 16, 2025 • 49min
They failed every POC—then grew their cybersecurity platform to $100M ARR in 5 years. | Dean Sysman, co-founder of Axonius
Dean Sysman, co-founder and CEO of Axonius, shares his journey from a Unit 8200 alum to leading a $100M ARR cybersecurity platform. He reveals how a pivotal moment with a Fortune 500 client transformed their outlook on market potential. Dean emphasizes the critical role of rapid responses to client needs and discusses the three types of enterprise software journeys. With humor, he recounts overcoming initial failures and the branding strategy that propelled Axonius into a newly defined market. A must-listen for aspiring founders!

Oct 13, 2025 • 49min
He tested his pitch on Uber drivers—then built a cybersecurity platform to $180M raised. | Casey Ellis, Founder of Bugcrowd
Casey Ellis, founder of Bugcrowd, created a pioneering cybersecurity marketplace that raised over $180M. He shares how he turned hackers into allies and validated a two-sided marketplace with minimal resources. Casey tested his pitch on Uber drivers to refine his messaging and emphasizes the importance of product-market fit. He reveals how early marketing tactics, like giving away t-shirts, sparked growth and how landing Google early boosted credibility. His journey highlights the emotional rollercoaster of category creation and the value of community support for founders.

9 snips
Oct 9, 2025 • 49min
He quit Google & his 1st startup failed—but his 2nd grows at $1M ARR every 10 days. | Zach Llyod, Founder of Warp.dev
Zach Lloyd, a former Google principal engineer who led Google Docs, shares his rollercoaster journey from a failed photo-sharing app to the groundbreaking Warp.dev. He discusses the disillusionment of transitioning from Google’s user base to the stark reality of startup struggles. Zach emphasizes the importance of documented operating principles and building a product-focused team. He reveals how their pivot to AI-driven agentic development led to accelerated growth, achieving $1M ARR every 10 days and successfully navigating the competitive developer tools landscape.


