Here’s my simple definition of product/market fit: The value of each user is greater than the cost of bringing them into the product. It means there are enough customers out there and you can efficiently bring them in. […] There are a lot of product/market fit definitions out there that focus on how many users love you. But that misses a key ingredient: the profitability and sustainability of what it takes to acquire that love.
Author: Nikhyl Singhal
Source: First Round Review
Subjects: Customer Related, Marketing / Sales, Project Management