What does 'Product-Market Fit' mean to you?

There is a strong match between the value proposition of your product and the willingness of a large segment of the market to consume the product.

When your product solves the deepest of problems faced by the target market.

The solution is not only functional but also delightful and exceeds user expectation Users clearly understand how the product improves their lives and readily adopt it into their routines.

retention curve flattening out and not being 0%

A stable and high retention.

There seem to be a fair number of definitions. For most VCs I've worked with, it's that point where you have traction, meaning revenue growth that's consistent (doesn't have to be huge, just steady) after building your proof-of-concept market validation size.

It is about understanding your customers so well that your product becomes a must have for them.

target customer persona uses the product and is willing to pay for the product

To me, "Product-Market Fit" is the sweet spot where a product perfectly meets the needs and desires of a specific market. It's not just about selling a product, it's about solving a real problem or fulfilling a genuine need in a way that resonates with customers and drives sustainable growth.

Simply put, the right product for the right market 🐥

For me, “product-market fit” is a studied standard of what a product should be at the moment.