Stanford Online
4 HN recommenders · recommended in 5 months, 2018–2024
48:11 · 198K views · May 17, 2017
Segment co-founder and CEO Peter Reinhardt recounts how his company found product-market fit, including how a product grew out of a small feature of another. It is a lecture from Stanford's Startup School course.
HN founders recommend it as a must-watch on recognizing real product-market fit and avoiding solutions in search of problems.
6 comments from Hacker News
Having followed this exact playbook to validate several products I can confidently say this will give you false positives and the only reliable way to determine when you have PMF is: accidentally get PMF on something so that you know what it feels like (it’s unmistakeable). Peter Reinhardt from Segment has a must-watch talk for anyone interested in this topic this video
You and your team should watch this 3 times right now: this video It’s about finding product market fit after a few different products. It talks about how their new successful product (150 staff) is a small feature from one of their other products and how they scaled that! Do it!
Jason Lemkin recommends giving it 24 months to start a B2B SaaS. B2B SaaS is a long road despite the big splashes sometimes seen like Slack or Intercom. [LINK] Also watch the CEO of Segment talk about their journey to product market fit. this video
For those interested in Segment, this is a talk of Peter Reinhardt about Product Market Fit and a bit of the history behind Segment. this video I like this talk really much.
There's also the "open-core model"[^1]. From the Wikipedia description: > The open-core model is a business model for the monetization of commercially produced open-source software. Coined by Andrew Lampitt in 2008,[1] the open-core model primarily involves offering a "core" or feature-limited version of a software product as free and open-source software, while offering "commercial" versions or add-ons as proprietary software.[2][3] Here's GitLab's CEO[^2] talking about "Offering an on-prem / self-managed version of your software" [^3] Here's a timestamped video titled "E05 Pioneering version control for data science with Pachyderm co-founder and CEO Joe Doliner" [^4], where Pachyderm's CEO[^5] addresses the business model. Here's a timestamped video, titled "How to Find Product Market Fit" , of Peter Reinhardt[^6], where he answers the question of "why would someone pay anything for an open source library that's 580 lines of code.."[^7]. There's a blog post detailing this, too[^8]. There are several degrees of what is open-source and what is not, and different ways to build a business around that. [^1]: [LINK] [^2]: [LINK] [^3]: [LINK] [^4]: [LINK] [^5]: [LINK] [^6]: [LINK] [^7]: this video [^8]: [LINK]