The Real Product Market Fit by Michael Seibel

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Topics

00:00 - The Real Product Market Fit

1:00 - Why do many founders think they have product market fit when they don’t?

5:45 - Building a successful company is not a single variable problem

7:30 - Socialcam didn’t hit product market fit

12:30 - Some companies take a long time

[radarscreen]

One of the most honest conversations by a successful entrepreneur. I paused the video and started calling our users, and the responses were eye opening.

[Phantom-nbli]

"Every year you don't die, your chances of being successful go up." - nice !

[aqua_pi]

The real product market fit was the friends we made along the way

[SportProgramming]

First time watching a Y combinator, after i saw a stanford lecture with amazing experienced people, i didn't know Michael Seibel was one of the most succesful people silicon valley.

[lithiumUNCHARGED]

Wow pleasantly surprised by the guest and discussion. This is another step towards human progress

[iraklispro]

Hi Craig the new format is awesome! Congratulations. Keep it going! It would be great if you can have more talks about product market fit. I know there are some talks about this at start up school but the majority of us haven't achieved product market fit yet and it would be great to hear more related perspectives/stories. This talk was very valuable. Thank you!

[PartDistribution]

Michael has a clear passion for telling people, or discussing why people are wrong. Kind of seems to be his videos running theme. Not that he's wrong. just, hard to justify watching very often a person who's personality defaults to look down on others. Just an observation is all.

[AlexanderLouizosLouizos]

Love you Michael for being brutally honest. You are the best!!!!

[TechGalaxy]

Content is gold. Thanks for the series guys!

[collegesynewave]

First time hearing Michael Seibel speak refreshing honesty and logic, thanks :)

[taylor-johnston]

Determine essential features that can enhance your offering. Prioritize those that set you apart from competitors and directly meet customer needs.

[jasoncheung]

How satisfied users are with your product is what determines whether you ever get to PMF.


Happy users => word of mouth => more users => happy users => word of mouth, and so on.



That's how you reach PMF.

[antoniomendes]

thanks for these videos Craig! the right kind of content that keeps founders grounded and focused on building something long term.

"founders think they've found PMF because it is intellectually convenient!" so much truth explained with just a few words. thanks again :)

[prostomarketing]

I am Watching anв nearly crying. Wish I knew it four years ago. Happy I encountered it now and can do my homework and rethink my failures

[ghenrykhouse]

It is demotivating to hear that the 1mln profit/year and 30mln monthly active users was not a product market fit

[mangarific]

New drinking game: Take a shot every time Michael says like

[bien]

Can someone put the exact Time Stamp where they define PMF? They are talking alot about what it's not and they say what it's like when you have pmf but there is never a clear definition...

[henergynow]

Incredible amount of very valuable information, Thanks Sonya Davidson, CEO H2 Energy Now

[andu]

Seems like Twitch was missing the business model canvas planning to happen quicker and first. Glad it eventually did happen!

[DeathK]

We talk about profitability but most of these companies are blitz scaling as well as ballooning even at its current stages (DoorDash Airbnb etc)