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pcannons | 5 years ago

My framework for this as a failing entrepreneur so far, so don't take too seriously:

There are 3 steps going from 0 to 1: 1. problem/solution fit 2. product/market fit 3. business model fit

#1 determines whether or not you can make just a few people very successful in achieving some outcome they want where they are willing to pay you

#2 determines whether or not there's a market that highly demands your solution and you can convince them to pay you for it at scale

#3 determines whether the net profit and net profit growth YoY justifies working on the company

I think this tweet is saying the company already had product/market fit so scaling it was no problem.

Brian Balfour is someone who actually has some success. Here's his series for putting p/m fit in a different framework: https://brianbalfour.com/essays/product-market-fit-isnt-enou...

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