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> For most B2B SaaS businesses, you shouldn’t need more than $1M in capital to get to PMF I'm not sure that's true today. Author is a one-time founder that had
by jiveturkey 2y ago
> For most B2B SaaS businesses, you shouldn’t need more than $1M in capital to get to PMF
I'm not sure that's true today. Author is a one-time founder that had some success. He exudes selection bias. Note: i'm not poo-pooing him that "oh he's only founded one company". Don't read into it that much. I'm just expressing that he has the standard hubris that any one-time successful founder would have. After that single success he's already enlightening us with his wisdom.
Of course there are such businesses, but "most" of those aren't startups. I don't think PMF is a term that even applies to such SMBs. PMF implies scale and repeatability of the sales process -- becoming a unicorn is baseline now.