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Product/market fit

Product/market fit

Product market fit is the degree to which a product satisfies demand in a market. It has been identified as an important step in startups becoming successful in connecting to their market.

All edits by  Paul S. Chun 

Edits on 12 Feb 2018
Paul S. Chun
Paul S. Chun edited on 12 Feb 2018 2:15 pm
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Article

The definition of product/market fit has variation interpretations and models associated with it. Marc Andreessen defined the term as follows: “Product/market fit means being in a good market with a product that can satisfy that market.” Many people interpret product/market fit as creating a so called minimum viable productminimum viable product that addresses and solves a problem or need that exists.

Paul S. Chun
Paul S. Chun edited on 12 Feb 2018 2:14 pm
Edits made to:
Article (+23/-16 characters)
Further reading (+3 cells) (+128 characters)

Article

Overview

The definition of product/market fit has variation interpretations and models associated with it. Marc AndreessenMarc Andreessen defined the term as follows: “Product/market fit means being in a good market with a product that can satisfy that market.”. Many people interpret product/market fit as creating a so called minimum viable product that addresses and solves a problem or need that exists.



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Disciplined Entrepreneurship

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