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First Round Capital’s PMF framework consists of four levels: nascent, developing, strong, extreme

Level one: Nascent product-market fit. Likely a pre-seed or seed-stage company. The goal in this stage is to find three to five customers with a problem worth solving, engage with them, deliver a solution, and validate that solution. [examples: Vanta, L

Lenny Rachitsky • A framework for finding product-market fit | Todd Jackson (First Round Capital)

My Principles of Company Building - David Perell

David Perell perell.com

Future Demand: Why building your brand among tomorrow's customers is the key to start-up success

James Hurman

amazon.com

The Business of Expertise: How Entrepreneurial Experts Convert Insight to Impact + Wealth

David C. Baker • 34 highlights

amazon.com

Cover of The Business of Expertise: How Entrepreneurial Experts Convert Insight to Impact + Wealth

Over a decade later, this is still the most useful framework for thinking about customers for your MVP. From @sgblank originally, I believe. https://t.co/BRltPCA3by

Nivi

x.com

Thumbnail of The Illegible Margin: Profiting From the Gap Between the Map and the Territory

taylorpearson.me • The Illegible Margin: Profiting From the Gap Between the Map and the Territory

VC is a Power Law business which means only a few cos deliver most of the returns - David Clark from VenCap breaks it down with data on 11.350 companies from 259 funds from 1986 - 2018. Only 1.1% out of 11,350 cos returned the whole fund!

David Clark responded to my tweet that median fund size for fund returners was $350M and many funds >$1b

Inbox (6,480) - tyler.faught92@gmail.com - Gmail

People dramatically under estimate how many decisions one has to make before shipping the v1 of even the simplest product. They all seem obvious in retrospect, but so, so much thinking had to happen to ship something like "press a button, get a ride."

Monopolies are bad. Violence is bad. Monopolies on violence turn out to be one of the best ideas ever. Go figure. #ThinkingIsHard

Market Annealing: Getting to $10M ARR in Very Early Markets

a16z.com a16z.com