This is a little backwards, but I found a great old post by Marc Andreesen that relates to my former post on identifying great markets. It’s definitely worth a read. One particularly good segment (with Marc himself quoting Andy Rachleff):
“The #1 company-killer is lack of market.
Andy puts it this way:
- When a great team meets a lousy market, market wins.
- When a lousy team meets a great market, market wins.
- When a great team meets a great market, something special happens.
You can obviously screw up a great market — and that has been done, and not infrequently — but assuming the team is baseline competent and the product is fundamentally acceptable, a great market will tend to equal success and a poor market will tend to equal failure. Market matters most.
And neither a stellar team nor a fantastic product will redeem a bad market.”
But the whole post is worth a read because it gives a bunch of examples and gives some practical clues on how to find product-market fit.
robgo:
leehower:
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