Comparing PMF to Childhood is probably the best analogy I've heard thus far in regard to early stage startups.
I think that the best example is hiring as if your company is post-PMF. Keeping the team small and agile is not being talked about enough (at least outside of the YC ecosystem), and is top #3 in why startups fail IMO.
makes me think of startup valuations as person's age: getting older in numbers doesn't mean becoming an adult in terms of maturity. The same way, higher valuations do not automatically mean PMF.
Nailed it with that analogy! Very interesting post. I have seen this happening to many startups I have worked for and it's always a bummer because they waste tons of resources and cut their potential by pretending to be post-PMF.
Comparing PMF to Childhood is probably the best analogy I've heard thus far in regard to early stage startups.
I think that the best example is hiring as if your company is post-PMF. Keeping the team small and agile is not being talked about enough (at least outside of the YC ecosystem), and is top #3 in why startups fail IMO.
This is really helpful. I'm in an idea stage of a Fintech company I'm building and all these expectations about my company are overwhelming.
Liked your approach! Would love to talk.
yc-tips.com
makes me think of startup valuations as person's age: getting older in numbers doesn't mean becoming an adult in terms of maturity. The same way, higher valuations do not automatically mean PMF.
Nailed it with that analogy! Very interesting post. I have seen this happening to many startups I have worked for and it's always a bummer because they waste tons of resources and cut their potential by pretending to be post-PMF.
More valuable conversation is what does PMF look like today.
There almost needs to be real primers on what the metrics are for it to exist across B2B, B2C, etc.
Because it is different for each vertical, but there should be a core set of metrics one would need to have to consider having it.