Fundraising Fox

What is product-market fit?

Product-market fit is the state where a market pulls the product out of a company — demand stops being manufactured sale by sale. Marc Andreessen's coinage; the felt experience is demand outrunning capacity.

Evidence beats declaration: retention that flattens instead of decaying, organic growth, customers who would be 'very disappointed' without the product. Most seed capital is spent searching for it; Series A capital scales it.

Related:Seed roundSeries AARR

General information, not legal or tax advice. Live figures refresh daily from public filings — methodology. Cite as: Fundraising Fox, fundraisingfox.com/glossary/product-market-fit.