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What 14 startup investors and advisors taught us about chasing (and finding) product-market fit

Mixpanel

It’s been a long-held notion in startup circles that lack of product-market fit will doom even the scrappiest of teams to fail. And beyond the anecdotal, an often-cited 2019 study CB Insights found that “no market need” was the leading reason most startups don’t succeed. ” Credit: The Lean Startup Playbook. In short, yes.

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9 essential sales steps you need to grow your SaaS startup

Intercom, Inc.

In the early stages of most SaaS startups’ lives, the CEO or founder often acts as the initial head of sales. It is important that these friendly connections represent the target persona market you have outlined, as otherwise, the feedback loop is likely to be weak. Are they keen to test it out? Close the deal.

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Ship outcomes, not just features, with the Product Impact Framework

Intercom, Inc.

To fully understand what such a change in thinking requires, we’ve realized that it’s important to understand what we call the “product impact framework” – the steps of cause and effect that culminate in positive outcomes for the business. We’ve anchored a major part of our R&D culture around the speed of shipping.

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Customer Feedback Repository: Definition, Types, Tools, and How to Set One Up

The Product Coalition

Feedback management means: Collecting feedback Centralizing it from the channels you receive it Analyzing it to draw insights Prioritizing feedback to act on Closing the feedback loop The purpose of feedback repositories is to help PMs with that second piece: centralizing customer feedback.

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How to Use Incremental Innovation to Build and Grow SaaS Products

Userpilot

In-app surveys , usability and prototype testing , or user interviews and focus groups can help you understand your customers’ requirements. Riskiest Assumption Testing (RAT) and Fake Door Testing are good ways of validating ideas before you commit to developing them. Incremental innovation vs disruptive innovation.

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PMF Survey: How to Measure Product Market Fit Using Microsurveys

Userpilot

PMF surveys also known as the Sean Ellis test, measure product-market fit by asking customers how they’d feel if they could no longer use your product. You can also use PMF surveys to test user sentiment after launching or before sunsetting a feature to test the impact it might have on the user. Filling out C-suite positions.

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10 Top Product Feedback Tools in 2024

Userpilot

Growth : This plan begins at $879/month and adds more robust analytics, A/B testing , and advanced targeting capabilities. Feedback analytics and prioritization : Pendo provides granular analysis tools for feedback data. Automated messages to close the feedback loop : Pendo allows you to respond to feedback instantly.