What is Product Market Fit?

Product Market Fit means you have identified a problem that a sizeable group of people really need solved, a product that can be built well to fully solve that problem, and a business model that can be executed to be profitable at some point in time.

 
 
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“Product market fit means being in a good market with a product that can satisfy that market."
Marc Andreessen

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“Product market fit is the moment when a startup finally finds a widespread set of customers that resonate with its product.”
Eric Ries