19 Dec '12, 2am

It is important for #startups to find their #founder/market fit

It is important for #startups to find their #founder/market fit

Hiro Maeda of Open Network Lab talks about how startups find their founder/market fit. We have gone through five classes of startups at Open Network Lab, and in every class we always have at least one startup where their mission is to find a new idea. The new idea has to target a market that the founders are most suited and equipped to entering. David Lee calls it “founder/market fit,” where the founders have deep domain expertise of the market they are entering and they “personify their product, business, and ultimately their company.” Paul Graham says that the very best startup ideas tend to have three things in common: “they’re something the founders themselves want, that they themselves can build, and that few others realize are worth doing.” It amazes me every time how much a startup can accelerate when the founders find their founder/market fit. In fact, our top thre...

Full article: http://e27.sg/2012/12/19/finding-your-foundermarket-fit/

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