Finding product-market-fit is a winding journey. What is PMF? How much does the depth of PMF matter? When you build a product that starts to sell, it's tempting to call that a win and become focused on winning your new fiefdom, only improving your product marginally via customer feedback. The problem with this approach is that software is 10x easier to build today than it was even a few years ago. And to win over a 10+ year horizon, you need to bet in ways that are orthogonal to the competition. There's a famous quote that Henry Ford (maybe) said: “If I had asked people what they wanted, they would have said faster horses.” Customers know their problems, but builders define the solutions. At Unify, we're big believers in compound companies and the idea that the next generation of software companies will need to build over a wider surface area. Parker Conrad at Rippling has heavily evangelized this thesis. When we decided to build our sequencing product last fall, we had to win over some skeptics that believed we were building too wide too quickly. Our initial product was a prospecting engine, and within a few months of rolling that out to customers we were already working on our 2nd product? No way that can work. Usage of our native sequencing product has grown +31% week-over-week since March. It's feeling obvious that our early compound bet was the right move for Unify 🚀🚀🚀
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Totally agree you always have to be forward-looking of where your product can vertically solve more and more of the customer's problems to become as sticky as possible. Also a great way to continue bringing value (and expanding your market) to existing customers 🔥
product market fit is key Austin Hughes
CEO @ Compound | Co-founder @ Bluecast | Building a social media agency for B2B companies
5moLove the Henry Ford quote, makes 100% sense 👏