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Michael Seibel: “The Godfounder” Discusses Justin.tv, Twitch, and Y Combinator
Pattern Breakers
Truth in Product Market Fit
Achieving product market fit is the most challenging task for startup founders, with a notably low success rate. This challenge surpasses even critical functions like fundraising, hiring executives, and developing company culture. There exists a common misconception among founders about their actual state of product market fit, leading to self-deception. The assurance of potential success often falsely stems from external validations, such as investments from renowned investors, which can mislead founders about their true fit in the market.
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