What does 'Product-Market Fit' mean to you?

There seem to be a fair number of definitions. For most VCs I've worked with, it's that point where you have traction, meaning revenue growth that's consistent (doesn't have to be huge, just steady) after building your proof-of-concept market validation size.

A stable and high retention.

For me, “product-market fit” is a studied standard of what a product should be at the moment.

The solution is not only functional but also delightful and exceeds user expectation Users clearly understand how the product improves their lives and readily adopt it into their routines.

target customer persona uses the product and is willing to pay for the product

retention curve flattening out and not being 0%

It is about understanding your customers so well that your product becomes a must have for them.

There is a strong match between the value proposition of your product and the willingness of a large segment of the market to consume the product.

When your product solves the deepest of problems faced by the target market.

Simply put, the right product for the right market 🐥

To me, "Product-Market Fit" is the sweet spot where a product perfectly meets the needs and desires of a specific market. It's not just about selling a product, it's about solving a real problem or fulfilling a genuine need in a way that resonates with customers and drives sustainable growth.