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HOW TO
FIND
PRODUCT
MARKET FIT
1. Define Product-Market Fit
2. Know your next step
3. How to take it
Goals
Founder Institute
Thank You
Push the envelope
Today
We’re going to…
The Platform
Let’s Explore
Justin@CustomerDevLabs.com
Feedback
1. Who am I?
2. What is Product-Market Fit?
3. Path to Product-Market Fit
4. Who are your Early Adopters?
5. Wrap up
Agenda
WHO AM
I?
My Background
18 months
Discovered
Lean Startup
ThingsWeStart
Success
Mentor Around the World
San Francisco
San Juan
Seattle
Lincoln
Calgary
Singapore
Barcelona
Paris
London
Sydney
Zagreb
San Francisco
San Juan
Seattle
Lincoln
Calgary
Singapore
Barcelona
Paris
London
Sydney
Zagreb
Startup Accelerators
Curriculum
Mentor & Speaker
FOCUS Framework
?’s
1. Who am I?
2. What is Product-Market Fit?
3. Path to Product-Market Fit
4. Who are your Early Adopters?
5. Wrap up
Agenda
Finding
Product-Market Fit
Is hard…
1. Haven’t defined it
2. Overwhelming
3. How to do it?
"Being in a good market with a
product that can satisfy that
market."
Product-Market Fit?
- Marc Andreesen
"Being in a good market with a
product that can satisfy that
market."
Product-Market Fit?
- Marc Andreesen
You get to define it.
Good Market?
…to achieve your goals.
Your startup is a vehicle
"Being in a good market with a
product that can satisfy that
market."
Product-Market Fit?
- Marc Andreesen
"Being in a market that can
achieve your goals with a product
that can satisfy that market."
Product-Market Fit?
“Satisfying a market…that
satisfies you."
Product-Market Fit
- Justin Wilcox
Satisfies you?
1. All decisions are easier
2. Confidence to pivot
3. Unify your team
Declaring Victory
"Being in a good market with a
product that can satisfy that
market."
Product-Market Fit?
- Marc Andreesen
"Being in a market that can
achieve your goals with a product
that can satisfy that market."
Product-Market Fit?
“Satisfying a market
that satisfies you."
Product-Market Fit
Satisfies you
1. All decisions are easier
2. Confidence to pivot
3. Unify your team
?’s
Takeaway
What’s your Victory?
1. Who am I?
2. What is Product-Market Fit?
3. Path to Product-Market Fit
4. Who are your Early Adopters?
5. Wrap up
Agenda
Product-Market Fit?
How do you find
Riskiet Assumption
Test your
Where do you
start?
What tests do
you run?
Questions
How do you run
them?
?
?
?
?
?
?
?
?
?
FOCUS
Framework
1. Concrete steps
1 2
3 4
5
6
…
2. Orders the steps 3. Instructions & tools
for each step
FOCUS Framework
Riskiet Assumption
Path to…
Product-Market Fit
Finding
Product-Market Fit
Is hard…
1. Haven’t defined it
2. Overwhelming
3. How to do it?
Riskiet Assumption
Your 5
Riskiest Assumptions
ASSUMPTION
You can find people trying
to solve the problem
They want your help
solving it
They will "pay" you to
solve it
You can solve it
You will achieve Product-
Market Fit
Riskiet Assumption
The 5 Phases of
Product-Market Fit
Assumption
You can find people trying
to solve the problem
They want your help
solving it
They will "pay" you to
solve it
You can solve it
You will achieve Product-
Market Fit
Test
Manual solution
Ads,
Cold Emails
Landing Page,
Pre-Sales, LOIs
Product, large
segments, etc.
Customer
Interviews
Utility Testing
Offer Testing
Currency Testing
Scaling to Fit
Finding Early
Adopters
Phase
Riskiet Assumption
What Phase
Are you in?
Product-Market Fit
Assessment
1. What phase are you in?
2. What’s your riskiest assumption?
3. What’s your next step to test it?
Where do you
start?
What tests do
you run?
Questions
How do you run
them?
?
?
?
?
?
?
??
?
Riskiet Assumption
Your 5
Riskiest Assumptions
ASSUMPTION
You can find people trying
to solve the problem
They want your help
solving it
They will "pay" you to
solve it
You can solve it
You will achieve Product-
Market Fit
Riskiet Assumption
The 5 Phases of
Product-Market Fit
Assumption
You can find people trying
to solve the problem
They want your help
solving it
They will "pay" you to
solve it
You can solve it
You will achieve Product-
Market Fit
Test
Manual solution
Ads,
Cold Emails
Landing Page,
Pre-Sales, LOIs
Product, large
segments, etc.
Customer
Interviews
Utility Testing
Offer Testing
Currency Testing
Scaling to Fit
Finding Early
Adopters
Phase
?’s
Takeaways
1. What phase are you in?
2. What’s your riskiest assumption?
3. What’s your next step to test it?
1. Who am I?
2. What is Product-Market Fit?
3. Path to Product-Market Fit
4. Who are your Early Adopters?
5. Wrap up
Agenda
Assumption
You can find people trying
to solve the problem
They want your help
solving it
They will "pay" you to
solve it
You can solve it
You will achieve Product-
Market Fit
Test
Manual solution
Ads,
Cold Emails
Landing Page,
Pre-Sales, LOIs
Product, large
segments, etc.
Customer
Interviews
Utility Testing
Offer Testing
Currency Testing
Scaling to Fit
Finding Early
Adopters
Phase
Riskiet Assumption
Who are your
Early Adopters?
Diffusion of Innovations
Early
Adopters
Early
Majority
Late
Majority
Laggards
Victory
Startup founders
“Not sure how to apply Lean Startup”
Victory
Start
“Not sure how to apply Lean Startup”
Goes to Lean Startup Machine
Pays for online courses
Goes to Lean Startup Conf.
Makes calls on Clarity
Buy’s Ash’s Book
Enrolls in Founder Institute
Tweets about Lean Startup Machine
Reviews online courses
Leaves feedback on Clarity
Amazon review for Ash’s Book
Joins Founder Institute Meetup Group
What are Early
Adopters?
“Paying” to Solve It
Know they Have It
Have the problem
Customers who…
Where are
yours?
Externally
Observable
Behavior
Tweets about Lean Startup Machine
Reviews online courses
Leaves feedback on Clarity
Amazon review for Ash’s Book
Joins Founder Institute Meetup Group
?’s
Takeaways
Where are your
Early Adopters?
1. Who am I?
2. What is Product-Market Fit?
Recap
Declaring Victory
"Being in a good market with a
product that can satisfy that
market."
Product-Market Fit?
- Marc Andreesen
"Being in a market that can
achieve your goals with a product
that can satisfy that market."
Product-Market Fit?
“Satisfying a market
that satisfies you."
Product-Market Fit
Satisfies you
1. All decisions are easier
2. Confidence to pivot
3. Unify your team
1. Who am I?
2. What is Product-Market Fit?
3. Path to Product-Market Fit
Recap
Where do you
start?
What tests do
you run?
Questions
How do you run
them?
?
?
?
?
?
?
??
?
Riskiet Assumption
Your 5
Riskiest Assumptions
ASSUMPTION
You can find people trying
to solve the problem
They want your help
solving it
They will "pay" you to
solve it
You can solve it
You will achieve Product-
Market Fit
Riskiet Assumption
The 5 Phases of
Product-Market Fit
Assumption
You can find people trying
to solve the problem
They want your help
solving it
They will "pay" you to
solve it
You can solve it
You will achieve Product-
Market Fit
Test
Manual solution
Ads,
Cold Emails
Landing Page,
Pre-Sales, LOIs
Product, large
segments, etc.
Customer
Interviews
Utility Testing
Offer Testing
Currency Testing
Scaling to Fit
Finding Early
Adopters
Phase
Product-Market Fit
Assessment
1. What phase are you in?
2. What’s your riskiest assumption?
3. What’s your next step to test it?
1. Who am I?
2. What is Product-Market Fit?
3. Path to Product-Market Fit
4. Who are your Early Adopters?
Recap
Diffusion of Innovations
Early
Adopters
Early
Majority
Late
Majority
Laggards
Victory
What are Early
Adopters?
“Paying” to Solve It
Know they Have It
Have the problem
Customers who…
Where are
yours?
Externally
Observable
Behavior
Tweets about Lean Startup Machine
Reviews online courses
Leaves feedback on Clarity
Amazon review for Ash’s Book
Joins Founder Institute Meetup Group
1. Who am I?
2. What is Product-Market Fit?
3. Path to Product-Market Fit
4. Who are your Early Adopters?
5. Free Bonuses
Recap
BONUS #1
FREE
EMAIL COURSE
BONUS #2
FOCUS Framework
May 3rd $20 OFF
?’s
#1 Takeaway
FOCUS Framework
May 3rd $20 OFF
HOW TO
FIND
PRODUCT
MARKET FIT

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