{"id":2581,"date":"2019-12-10T15:53:59","date_gmt":"2019-12-10T15:53:59","guid":{"rendered":"https:\/\/www.ampliz.com\/resources\/product-market-fit\/"},"modified":"2026-05-06T07:13:14","modified_gmt":"2026-05-06T07:13:14","slug":"product-market-fit","status":"publish","type":"post","link":"https:\/\/www.ampliz.com\/resources\/product-market-fit\/","title":{"rendered":"All that you need to know about Product Market Fit"},"content":{"rendered":"<p class=\"last-updated\">Last updated on May 6th, 2026<\/p>\n<p>Did you know that 9\/10 startups fail and 40% of the reason behind this is not finding the Product-market fit? It&#8217;s common to conceive a great idea, build it by investing a lot of time, money, and resources, and then realize the market never really needed your product in the first place. At worst, it can lead to your startup failing before it ever gets off the ground.<\/p>\n\n\n\n<p>Successful companies always operate by first finding the niche in the market and customer feedbacks before they launch fully functional products. Entrepreneurs who understand this, build a product that their customers love, and would be ready to pay. For this process to be effective, it&#8217;s crucial for startups to consistently evolve and learn from their customers.<\/p>\n\n\n\n<p>Since the product-market fit is extremely significant to startup success, we wanted to dig deeper to unfold the ultimate truth of achieving and most importantly measuring it.<\/p>\n\n\n\n<p>Let&#8217;s get decoding.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.ampliz.com\/marketing\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.ampliz.com\/resources\/wp-content\/uploads\/2019\/11\/prospecting-tool.jpg\" alt=\"Prospect like never before!\" class=\"wp-image-3381\"\/><\/a><\/figure>\n<\/div>\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is Product-Market Fit?<\/strong><\/h2>\n\n\n\n<p>Since this concept took form,\nthere have been repetitious and overlapping representations of Product-Market\nFit. Let&#8217;s look into each of these perspectives for a holistic understanding of\nthe term. <\/p>\n\n\n\n<p>According to Marc Andreesen&#8217;s, an American entrepreneur, investor, and software engineer (Along with the other feathers in his hat of course) &#8220;The only thing that matters&#8221;, the product-market definition is:<\/p>\n\n\n\n<p>&#8220;Product\/market fit means\nbeing in a good market with a product that can satisfy that market&#8221;.<\/p>\n\n\n\n<p>According to Marc, you can feel\nwhat Product-market fit is like:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>When PMF isn&#8217;t happening: The customers aren\u2019t quite getting value out of the product, word of mouth isn\u2019t spreading, usage isn\u2019t growing that fast, press reviews are kind of \u201cblah\u201d, the sales cycle takes too long, and lots of deals never close.<\/li>\n\n\n\n<li>When Product-Market fit is happening: The customers are buying the product just as fast as you can make it \u2014 or usage is growing just as fast as you can add more servers. Money from customers is piling up in your company checking account. You\u2019re hiring sales and customer support staff as fast as you can. Reporters are calling because they\u2019ve heard about your hot new thing and they want to talk to you about it.<\/li>\n<\/ol>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Tren Griffin, in his blog post for ANDREESEN HOROWITZ, sets an interesting perspective.<\/p>\n\n\n\n<p>He says &#8220;You know you have\nachieved PMF if your product grows exponentially with NO Marketing cost and\nonly by Word of mouth&#8221;.<\/p>\n\n\n\n<p>Tren also believes that\nachieving PMF is an iterative and continuous process.<\/p>\n\n\n\n<p>Originally, the idea of Product-market fit was developed and named by Andy Rachleff<a href=\"https:\/\/twitter.com\/arachleff\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a>(who is now the Cofounder and CEO of Wealthfront and the Co-founder of Benchmark Capital). When Andy talks about Product-Market fit, he focuses in on 2 key viewpoints<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Value Hypothesis<\/li>\n\n\n\n<li>Growth Hypothesis<\/li>\n<\/ol>\n\n\n\n<p><strong>Value\nHypothesis:<\/strong>\nIt is an attempt to articulate the key assumption that underlines why a\ncustomer is likely to use your product. The value hypothesis takes into\nconsideration both the features and the business model to engage and nudge them\ntowards conversion. There are several factors to note when determining the\nvalue hypothesis like product, pricing, and business models.<\/p>\n\n\n\n<p>Overall, the Value hypothesis\ndefines the what, the who and the how. i.e What are you going to build (what),\nwho is desperate for the product (who) and what is the business model you are\ngoing to use to deliver it (how).<\/p>\n\n\n\n<p>Andy Rachleff also mentions in\nhis post \u201cWhy you should find Product-market fit before sniffing around for\nventure money\u201d as <em>Identifying\na compelling value hypothesis is what I call finding product\/market fit. A\nvalue hypothesis addresses both the features and business model required to\nentice a customer to buy your product.      <\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.ampliz.com\/marketing\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.ampliz.com\/resources\/wp-content\/uploads\/2019\/11\/prospetcing-tool.png\" alt=\"Get key data intelligence with Ampliz\" class=\"wp-image-3382\"\/><\/a><\/figure>\n<\/div>\n\n\n<p><strong>Growth Hypothesis:<\/strong> This constitutes the best thinking about how you can scale the number of customers attracted to your product or service. Companies often go wrong in testing their growth hypothesis before proving out Value hypothesis, sometimes even before getting out their Minimum Viable Product out to the market. Companies must nail the value hypothesis and then try and figure out their growth Hypothesis.<\/p>\n\n\n\n<p>One point that Rachleff\nmentions is \u201cworld\u2019s best startups don\u2019t have growth hypothesis in their early\ndays. They happened to have conceived or more likely pivoted into an idea that\naddresses the pain points of the customer who were desperate and looking for a\nsolution.<\/p>\n\n\n\n<p>Improving customer retention is easy if you identify the thing that makes them stick on your product or service i.e Value Hypothesis. Hence, it\u2019s crucial to determine your Value hypothesis first and then you\u2019re Growth Hypothesis.<\/p>\n\n\n\n<p>Tren Griffin \u2013 you can never be\nwrong on this, \u201cachieving PMF is an iterative and continuous process\u201d!<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Common misconceptions about PMF<\/strong><\/h3>\n\n\n\n<p>Ben Horowitz provides a radical\nperspective to deeper understand what Product-Market fit is all about, through\nhis 4 common myths<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Product-market fit is always a discrete, big bang event<\/li>\n\n\n\n<li>It\u2019s obvious when you have the right fit<\/li>\n\n\n\n<li>Once you achieve PMF, you can\u2019t lose it<\/li>\n\n\n\n<li>Once you have it, you don\u2019t have to sweat the competition<\/li>\n<\/ul>\n\n\n\n<p>Itamar Goldminz, from team Evergreen, wrote a piece that uses the metaphor of resonance from Physics to describe PMF &#8211; <\/p>\n\n\n\n<p>A good analogy for finding PMF\ncomes from Physics: finding resonance with your customers and getting on the\nsame wavelength as them. Note that this can be accomplished both by changing\nyour product and by changing your customers (market pivot). Changing your\nwavelength is a gradual, continuous process (anti-myth #1), you know when\nyou\u2019re close to being on the same wavelength but it\u2019s hard to tell if you\u2019re\nexactly there (anti-myth #2). Since both your product and your customers\nconstantly change (wavelength), it\u2019s easy to get out of sync again (anti-myth\n#3) and it\u2019s clear that your actions don\u2019t prevent others from getting on the\nsame wavelength (anti-myth #4).<\/p>\n\n\n\n<p>Even though you have achieved Product-Market fit, it doesn\u2019t mean the struggle ends there. Markets, competitors change every single day. Constant adaption is the ultimate key to retain your PMF. Steve Blank observes, \u201cWhat matters is having forward momentum and a tight fact-based data\/metrics feedback loop to help you quickly recognize and reverse any incorrect decisions.\u201d<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Apart from all these mindsets,\ncompanies often fail because of 1 factor, \u201cPremature Scaling\u201d, a term first\nused by Steve Blank. The concept is simple. He defines, a company is \u201cPremature\nscaling if its spending huge amount of money on Growth before its discovered\nand developed PMF\u201d. A study conducted by Startup Genome concluded:<\/p>\n\n\n\n<p>\u201cStartups need 2-3 times longer to validate their market than most founders expect. This underestimation creates the pressure to scale prematurely\u2026 In our dataset, we found that 70% of startups scaled prematurely along some dimension. While this number seemed high, this may go a long way towards explaining the 90% failure rate of startups.\u201d<\/p>\n\n\n\n<p>An entrepreneur quoted by the\nauthors of the study said:<\/p>\n\n\n\n<p>\u201cPremature scaling is putting\nthe cart before the proverbial horse\u2026As an entrepreneur, there\u2019s always the\ntemptation to grow the sales team at the first sign of revenue traction, but\nthere is always the danger that this early traction is coming from the subset of\nthe market that are early adopters and not the actual market itself.\nAdditionally, too often I\u2019ve seen startups ramp up sales before they\u2019ve figured\nout the most efficient way to achieve profitability. A vicious cycle ensues\nwherein the more a company grows, the more it farther away from profitability\nit becomes.\u201d Some of the great examples of companies who fell into the trap of\nPremature Scaling are &#8220;Viddy&#8221; and &#8220;Cheshire Cat&#8221;. <\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How do you achieve Product-Market Fit?<\/strong><\/h3>\n\n\n\n<p>There is no conventional\napproach to accomplishing Product-market fit. It\u2019s a test and trial continuous\nprocess. It can take anything in achieving it, changing people, rewriting\nproduct code, moving into a different market, telling customers no when you don\u2019t\nwant to, telling customers yes when you don\u2019t want to, raising that fourth\nround of highly dilutive venture capital \u2014 whatever is required. When you get\nright down to it, you can ignore almost everything else.<\/p>\n\n\n\n<p>Having said that, Dan Olsen, a product management expert proposed &#8220;Lean Product Process&#8221; that allows you to validate your assumptions step by step.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Identify your target customer: <\/strong><br>The first step to achieve the product-market fit is to <strong>determine your target customer. <\/strong>Do market research and more specifically market segmentation to understand and define your audience. Segment them appropriately and cater to them in terms of content, product functionalities, etc. <br><br>&#8220;Start with some rough hypothesis, and then iterate it later&#8221;<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Understand the big customer needs: <\/strong><br>The second step of this process is identifying underserved customer needs.<strong> <\/strong>Here, what can help you is to divide your hypothesis into the \u201cproblem space\u201d vs the \u201csolution space.\u201d<br><br>Dan defines problem space as a customer problem, need or benefit that the product should address. In contrast, in the<strong> <\/strong>solution space,<strong> <\/strong>there is a specific implementation to address the customer&#8217;s needs or requirements, thus serving as an excellent market opportunity.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Know what you offer as your Value Proposition<\/strong><br>Once we understand what the big customer needs are, we now head towards defining the Value proposition &#8211; The needs are we going to claim our product delivers on?<br>Dan advises using the Kano model to articulate your value problem. Kano model works by answering a few questions like\n<ul class=\"wp-block-list\">\n<li>What benefit are you providing to your users?<\/li>\n\n\n\n<li>How are you better than your competitors?<br>He lists out a simple activity to understand the Value proposition.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Step 1<\/strong>: List a row per\nrow what are the most important benefits for your product space;<\/p>\n\n\n\n<p><strong>Step 2: <\/strong>Create a column for\neach of your key competitors;<\/p>\n\n\n\n<p><strong>Step 3: <\/strong>Rate your\ncompetitors.<\/p>\n\n\n\n<p>The idea here is to identify\nthe key differentiators because that&#8217;s the part where your product can play a\npart in and be the best in the market.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Specify your MVP feature Set<\/strong><br>Minimum Viable Product is a product that houses the basic functionalities to entice the early adopters and validate a product idea early on in the product development lifecycle. It can serve as a great document of different user feedback to iterate and improve the product.<br><br>But in this day and age, do you think a minimum viable product is enough to attract a customer at the first place? <br><br>The answer is &#8220;not anymore&#8221;! Users feel the constant need to use faster and sophisticated tools and techniques to improve their daily tasks. They are not ready for a product that offers minimum functionalities.<br><br>What customers now need is &#8220;MVAP or MVLP&#8221; i.e &#8220;Minimum Viable Awesome Product or Minimum Viable Lovable Product&#8221;. <br><br>The best practice is to build a product that just doesn&#8217;t have the core functionalities, but has something magical to entice the customer to stay. Again, the companies get to choose, what functionality\/feature will use to turn their product from MVP to MVAP or MVLP.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Create your MVP Prototype<\/strong><br>The next step in the lean-product process is the <strong>creation of the MVP prototype. <\/strong>Use good <strong>UX design<\/strong> practice to create a prototype, understand how it is going to work, and then test your MVP with the target customer. Don&#8217;t code until you have Prototype in hand.<br><br>After all, the product you build the cumulation of all the assumptions you and your team have made along the way. Make sure to validate and verify your assumptions beforehand. Test the Prototype with your potential customers and iterate on them. Once your customers are happy with your prototype, go ahead and code.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How do you know if you are quite there?<\/strong><\/h4>\n\n\n\n<p>\u201cWhat gets measured gets\nmanaged\u201d &#8211; Peter Drucker <\/p>\n\n\n\n<p>How do companies measure\nProduct-market fit? This isn\u2019t an easy question, and there are no perfect\nanswers, but there are few metrics that can guide your journey towards\nProduct-market fit.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Do your Customers Suggest your product to their Friends?<\/strong><\/h4>\n\n\n\n<p><strong>Net Promoter Score<\/strong> is a market favorite metric to find out if you have achieved PMF. NPS is a simple survey, asking customers to rate them 1-10, &#8220;How likely are they to recommend your product\/service to their colleagues&#8221;.<\/p>\n\n\n\n<p>One question that measures PMF\nis &#8220;How would you feel if you could no longer use the Product?<\/p>\n\n\n\n<p>a. Very disappointed<\/p>\n\n\n\n<p>b. Somewhat disappointed<\/p>\n\n\n\n<p>c. Not disappointed<\/p>\n\n\n\n<p>d. N\/A, I do not use this\nproduct anymore.<\/p>\n\n\n\n<p>If 40% of your surveyed\ncustomers say that they would be &#8220;Very disappointed&#8221;, if they could\nno longer use you\u2019re Product\/service, then you are on the winning side.<\/p>\n\n\n\n<p><a href=\"https:\/\/helpware.com\/blog\/customer-lifetime-value-importance\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/helpware.com\/blog\/customer-lifetime-value-importance\" rel=\"noreferrer noopener\">Customer Lifetime Value<\/a> is the Average profit from each customer during the entire time they remain your client. If you want a sustainable business you need to have repeat customers who are ready to pay.<\/p>\n\n\n\n<p>Apart from these metrics, Churn\nand Retention rates are some other metrics you can use to measure\nProduct-market fit.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How do we get there without launching a product?<\/strong><\/h4>\n\n\n\n<p>If you thought, achieving PMF\napplies to startups that own a product; you might want to rethink again. PMF is\nnever completely reliant on the Product rather it relies on your Product\nconception coupled with the problem that it solves.<\/p>\n\n\n\n<p>A few steps help you analyze if\nyour product can achieve Product-market fit.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Forget MVP, Define\nyour MVC &#8211; Minimum Viable Customer: The audience you choose to try your latest\nproduct should be early adopters so they can provide you ample feedback. More importantly,\nthey are the people who feel the pain point, your product is trying to solve,\nso much so that they are willing to pay with just your initial offering. <\/li>\n\n\n\n<li>Start pitching to your potential customers: This is exactly what we did at Ampliz. We built a product mockup initially and showcased that to our potential customers at various conferences and events. We collected a whole bunch of feedback and we made sure to incorporate those changes during our product build. It\u2019s very easy to overbuild a product when there\u2019s no clear understanding of the customer, which is why this is so important. As we were very clear with our Value propositions (before actually writing the first line of code) we started pitching about our product. After all, part of the pitch process is about learning more about your customers to assess if you\u2019re on the right track.<\/li>\n<\/ol>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>What&#8217;s next?<\/strong><\/h4>\n\n\n\n<p>A common question may arise &#8211;\nHow long does it take to achieve PMF?<\/p>\n\n\n\n<p>The answer is simple, It depends! Product-Market fit is not the destination but a continuous and iterative process.<\/p>\n\n\n\n<p>In entirety, build products that your customers would love to use. Work on their requests, feedbacks, and most importantly make them feel valued. After all achieving Product-market fit is all about making your customers happy.<\/p>\n\n\n\n<p>So, what&#8217;s your take on this?<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/www.ampliz.com\/marketing\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.ampliz.com\/resources\/wp-content\/uploads\/2019\/11\/prospecting-tool.jpg\" alt=\"Prospect like never before!\" class=\"wp-image-3381\"\/><\/a><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Last updated on May 6th, 2026 Did you know that 9\/10 startups fail and 40% of the reason behind this is not finding the Product-market fit? It&#8217;s common to conceive a great idea, build it by investing a lot of time, money, and resources, and then realize the market never really needed your product in the first place. At worst, it can lead to your startup failing before it ever gets off the ground. Successful companies always operate by first finding the niche in the market and customer feedbacks before they launch fully functional products. Entrepreneurs who understand this, build a product that their customers love, and would be ready to pay. For this process to be effective, it&#8217;s crucial for startups to consistently evolve and learn from their customers. Since the product-market fit is extremely significant to startup success, we wanted to dig deeper to unfold the ultimate truth of achieving and most importantly measuring it. Let&#8217;s get decoding. What is Product-Market Fit? Since this concept took form, there have been repetitious and overlapping representations of Product-Market Fit. Let&#8217;s look into each of these perspectives for a holistic understanding of the term. According to Marc Andreesen&#8217;s, an American entrepreneur, investor, and software engineer (Along with the other feathers in his hat of course) &#8220;The only thing that matters&#8221;, the product-market definition is: &#8220;Product\/market fit means being in a good market with a product that can satisfy that market&#8221;. According to Marc, you can feel what Product-market fit is like: Tren Griffin, in his blog post for ANDREESEN HOROWITZ, sets an interesting perspective. He says &#8220;You know you have achieved PMF if your product grows exponentially with NO Marketing cost and only by Word of mouth&#8221;. Tren also believes that achieving PMF is an iterative and continuous process. Originally, the idea of Product-market fit was developed and named by Andy Rachleff (who is now the Cofounder and CEO of Wealthfront and the Co-founder of Benchmark Capital). When Andy talks about Product-Market fit, he focuses in on 2 key viewpoints Value Hypothesis: It is an attempt to articulate the key assumption that underlines why a customer is likely to use your product. The value hypothesis takes into consideration both the features and the business model to engage and nudge them towards conversion. There are several factors to note when determining the value hypothesis like product, pricing, and business models. Overall, the Value hypothesis defines the what, the who and the how. i.e What are you going to build (what), who is desperate for the product (who) and what is the business model you are going to use to deliver it (how). Andy Rachleff also mentions in his post \u201cWhy you should find Product-market fit before sniffing around for venture money\u201d as Identifying a compelling value hypothesis is what I call finding product\/market fit. A value hypothesis addresses both the features and business model required to entice a customer to buy your product. Growth Hypothesis: This constitutes the best thinking about how you can scale the number of customers attracted to your product or service. Companies often go wrong in testing their growth hypothesis before proving out Value hypothesis, sometimes even before getting out their Minimum Viable Product out to the market. Companies must nail the value hypothesis and then try and figure out their growth Hypothesis. One point that Rachleff mentions is \u201cworld\u2019s best startups don\u2019t have growth hypothesis in their early days. They happened to have conceived or more likely pivoted into an idea that addresses the pain points of the customer who were desperate and looking for a solution. Improving customer retention is easy if you identify the thing that makes them stick on your product or service i.e Value Hypothesis. Hence, it\u2019s crucial to determine your Value hypothesis first and then you\u2019re Growth Hypothesis. Tren Griffin \u2013 you can never be wrong on this, \u201cachieving PMF is an iterative and continuous process\u201d! Common misconceptions about PMF Ben Horowitz provides a radical perspective to deeper understand what Product-Market fit is all about, through his 4 common myths Itamar Goldminz, from team Evergreen, wrote a piece that uses the metaphor of resonance from Physics to describe PMF &#8211; A good analogy for finding PMF comes from Physics: finding resonance with your customers and getting on the same wavelength as them. Note that this can be accomplished both by changing your product and by changing your customers (market pivot). Changing your wavelength is a gradual, continuous process (anti-myth #1), you know when you\u2019re close to being on the same wavelength but it\u2019s hard to tell if you\u2019re exactly there (anti-myth #2). Since both your product and your customers constantly change (wavelength), it\u2019s easy to get out of sync again (anti-myth #3) and it\u2019s clear that your actions don\u2019t prevent others from getting on the same wavelength (anti-myth #4). Even though you have achieved Product-Market fit, it doesn\u2019t mean the struggle ends there. Markets, competitors change every single day. Constant adaption is the ultimate key to retain your PMF. Steve Blank observes, \u201cWhat matters is having forward momentum and a tight fact-based data\/metrics feedback loop to help you quickly recognize and reverse any incorrect decisions.\u201d Apart from all these mindsets, companies often fail because of 1 factor, \u201cPremature Scaling\u201d, a term first used by Steve Blank. The concept is simple. He defines, a company is \u201cPremature scaling if its spending huge amount of money on Growth before its discovered and developed PMF\u201d. A study conducted by Startup Genome concluded: \u201cStartups need 2-3 times longer to validate their market than most founders expect. This underestimation creates the pressure to scale prematurely\u2026 In our dataset, we found that 70% of startups scaled prematurely along some dimension. While this number seemed high, this may go a long way towards explaining the 90% failure rate of startups.\u201d An entrepreneur quoted by the authors of the study said: \u201cPremature scaling is putting the cart before the proverbial horse\u2026As an entrepreneur, there\u2019s always the temptation to grow<\/p>\n","protected":false},"author":3,"featured_media":2393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1230],"tags":[221],"class_list":["post-2581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guest-post","tag-marketing"],"_links":{"self":[{"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/posts\/2581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/comments?post=2581"}],"version-history":[{"count":3,"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/posts\/2581\/revisions"}],"predecessor-version":[{"id":5743,"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/posts\/2581\/revisions\/5743"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/media\/2393"}],"wp:attachment":[{"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/media?parent=2581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/categories?post=2581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ampliz.com\/resources\/wp-json\/wp\/v2\/tags?post=2581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}