Alan Chiu (MS ’11) Shares a Few Thoughts on Product-Market Fit

The framework for product-market fit has four key pieces:

  • User Interface

  • Application Interface

  • Data Interface

  • Buyer Interface

You must understand the world your customers live in.

Build something useful for somebody.

Keep the burn rate low while finding product-market fit to ensure longevity.

If you’re not driving explosive growth then it’s hard to become a dominant player in your industry.

Don’t scale prematurely.