Product-Market Fit

Featured

PMF

Intermediate Level Bengaluru Entrepreneurship 2 views

Definition

The degree to which a product satisfies strong market demand, essential for startup success.

Detailed Explanation

Signs of PMF: organic growth, low churn, customers actively seeking the product. Marc Andreessen coined the term. Startups should prioritize finding PMF before scaling.

Example

When users start recommending the app without prompts, the startup has achieved PMF.

Local Context (Bengaluru)

Bengaluru VCs emphasize PMF before large investment rounds.

Related Terms

V

Venture Capital

Financing provided to startups and early-stage com...
M

Micro, Small and Medium Enterprises

Classification of businesses based on investment a...
K

Karnataka Startup Policy

Government framework providing incentives, funding...
B

Belagavi Industrial Cluster

A manufacturing hub in North Karnataka specializin...
U

Unicorn

A privately held startup company valued at over $1...