Lemon #64. Getting to fit
While reading ‘Inspired’ from Marty Cagan, we learned about how to get to product/market fit:
In the technology world, we generally have three stages of companies: startups, growth-stage and enterprise companies.
He loosely defines startup as a new product company that has yet to achieve product/market fit. Product/market fit in an extremely important concept that can power a viable business.
In a startup, the product manager role is usually covered by one of the co-founders.
The reality of startup life is that you’re in a race to achieve product/market fit before you run out of money. Nothing else much matters until you can come up with a strong product that meets needs of an initial market, so most of the focus of the young company is necessarily on the product.
While money and time are typically tight, good startups are optimized to learn and move quickly. The few that succeed are usually those that are really good at product discovery.
Working at a startup is usually stressful, exhausting, and risky. But it can also be an amazingly positive experience, and if things go well, a financially rewarding one too.
Marty Cagan @ Inspired.