Wouldn\u2019t it be great if the market lit up like a gameshow when you introduce your product, signaling that you\u2019re onto something with confetti and flashing lights? <\/p>\n\n\n\n
Realistically, this isn\u2019t the case. <\/p>\n\n\n\n
One of the most popular definitions of product market fit is, \u201cYou’ll know it when you see it.\u201d But to \u200bCarol Malakasis, founder of Market Pull<\/a>, a consultancy for startups, that\u2019s not helpful, especially for first-time founders. \u201cHow will you know it when you see it if you’ve never seen it before?\u201d<\/p>\n\n\n\n Thankfully, real founders have seen it (and made the mistakes) to pave the way for others, discussing as much on a panel hosted by Karen Chi, the founder of Karen Chi Consulting<\/a>, at New York Tech week. <\/p>\n\n\n\n If you\u2019ve been asking questions like, how will I know when I find a product market fit? How long should I explore before launching? Or what should I initially price my product?<\/em> These are all questions that founders have asked, and below are the answers from the founders who\u2019ve figured it out.<\/p>\n\n\n