Do you understand Product-Market Fit?
Kazi Sabir Mahmud
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Following are 3 dangerous mistakes SaaS founders make with regards to product-market fit:
๐Assume they have achieved product-market fit once they hit a certain number of paying customers.
Sure, you may have some customers โ but do you have the right ones? Are they staying?
๐ Raising Too Much Too Soon Based On False Indicators
You need two to three times longer to validate your market than you actually think (Startup Genome).
๐ Moving Upmarket Without A Vision
Attempting to sell to bigger companies without establishing a more sustainable approach to product-market fit can result in over-indexing and revenue churn.
Remember, you can lose product-market fit even after you achieve it.
So focus on, making greater penetration into your initial target segment.
Victory will be yours.
๐ค
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