Avo Reid’s Post

20 Lessons From 20 Different Paths to Product-Market Fit — Advice for Founders, From Founders

Turns out, founding a startup and breaking into a market can be modeled using the classic question words. By matching them to the components of segment capture, a very simple but extremely strong framework is born. Who? - Segment Why? - Problem Held How? - Solution Needed What? - Product Proposal Where? - Geographical Focus When? - Company Timelines This was discovered by joking around and reflecting on something all founders can relate to. Those early moments when friends, family et al say "Okay, right ya, wait.. what is it again you're making or trying to do?" By What most folks mean what Product thingy are you creating? Well, as Steve Blank reminds us all, the What doesn't give us Wins. Getting to a point where the How (i.e. Custimer Desired Outcome) is understood is the real aim. We don't (or shouldn't!) create Whats, we solve for Hows by knowing our Whos and correctly diagnosing their Whys. The Wheres and Whens are up to us. 🙋♂️

Reaching product-market fit is really the ultimate launchpad for founders, especially ones that are working to refine their offering. While each journey to it is different, there are some patterns in common: https://bit.ly/3R4pj4x

How most founders launch: 1. Niche their idea to be unique—but useless. 2. Spend months building an "MVP". 3. Throw that MVP over the fence and wait. There's a better way: 1. Value-based positioning. 2. Minimum Viable Offer 3. Stack customers like 1-by-1 like bricks.

How most founders launch: 1. Niche their idea to be unique—but useless. 2. Spend months building an MVP. 3. Throw that MVP over the fence and wait. There's a better way: 1. Value-based positioning. 2. Minimum Viable Offer 3. Stack customers like 1-by-1 like bricks.

It doesn't work, or nobody is using it.😟 Almost everyone who has tried to build some product or company has such thoughts. What to do with this? How do you know that you tried enough and spent enough time and it's time to stop?🤔 Hard questions aren't they? In this video, Sam Altman shares his opinion on when it's proper time to quit. Would you agree with him?🎥👀 #startupchallenges #itconsulting #productdiscovery

HELP us help founders at the earliest stage so they can build smart from the start. Menlo’s Ian O'Donnell has an opportunity to share the very same playbooks and strategies we use at Menlo Labs (https://lnkd.in/e7rs-qED), with the audience at TechCrunch Early Stage in April.  BUT he needs to win the Audience Choice competition. Even if you aren’t planning to attend, we’d love to have you throw a vote his way and help him pave a smoother path for the next generation of founders.  Ian’s “Early-Stage Playbook: An Efficient Experimentation Process to Validate Your Startup Idea and Approach" provides an efficient process for customer discovery, experimentation, and market-sizing at the earliest stage–helping founders refine their business idea before they’ve spent too much time and money moving in the wrong direction. This playbook helps early-stage founders build the foundation they need to accelerate quickly out of the gate.   VOTE HERE!  https://lnkd.in/gMsNMU_N

🚀 Hey folks, I'm thrilled to kick off my daily revenue model series on Linkedin! 💼 Join me each day as we unravel the innovative revenue strategies powering today's top companies and startups. From subscription models to advertising, let's explore the business behind the brands together! 💡 #RevenueModels #BusinessStrategy #innovation #Businessnews

Talk Talk Talk! That's what many founders do to validate their product-market fit! But are you talking to the right people? While founders network both online and offline, getting candid feedback from potential customers is difficult. In a crowded market, finding the right people has always been a challenge for startup founders. We help founders connect with the right people to get feedback, create & manage communities, and validate their product-market fit. Want to know how? Connect with us today for an exploratory call: https://lnkd.in/gfd97vYE #productmarketfit #startupfounders