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What is the Product Market Fit?

Hey all!

Product-market fit is a term used to describe the point in a product's development when it satisfies the needs of its target market. It means that the product is meeting the needs of its customers, and there is a good fit between the product and the market. Product-market fit is important because it indicates that the product has found a sustainable market and is likely to be successful in the long term. This is because customers are satisfied with the product, and are likely to continue using it or recommending it to others. The concept of product-market fit was popularized by venture capitalist Marc Andreessen, who described it as "being in a good market with a product that can satisfy that market." It is often considered a key milestone for startups, as it indicates that the product has the potential to generate significant revenue and growth. Achieving product-market fit requires a deep understanding of the target market, and continuous iteration and improvement of the product based on customer feedback.



In this lesson, I am explaining what PMF is.. Check the link below




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