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This article and concept makes no sense. "moving to business model before finding product market fit can be the worst thing for your business" What?? Product-
by paul_f 13y ago
This article and concept makes no sense.
"moving to business model before finding product market fit can be the worst thing for your business" What??
Product-market fit is a fundamental part of the business model. Determining who your customers are, and why they would buy from you, is what you do when discovering your business model. You cannot separate it out. BTW strategy is such a vague concept that I don't know how it is even in the discussion.
Guessing, building an MVP first, throwing it against the wall to see if it sticks, before having a concept of what your business consists of, is what is/was broken about the startup culture. And, please stop this "but Twitter did it" nonsense. Unless "getting lucky" IS your strategy.
- cglee 13y agoThe product/market fit isn't the business model. The product/market fit is first seeing if there's any demand whatsoever of whatever you're selling. The strategy is how you position yourself within the market. The business model is how you plan on scaling the business in a systematic way. You don't want to think about the business model before you have product/market fit. We could just be arguing semantics here, but I think the general advice is sound.