Comment by scubakid
3 days ago
how do you define PMF? I keep hearing conflicting definitions. Seems like any time someone declares they've found it, there's another who jumps in to explain why they technically haven't yet.
3 days ago
how do you define PMF? I keep hearing conflicting definitions. Seems like any time someone declares they've found it, there's another who jumps in to explain why they technically haven't yet.
The question is really just how big of a market does this serve? You've made it to the point where anyone entering the FIRE market will likely stumble upon your product as a top recommended tool (just judging by the praise here). Maybe it can tap into the larger, but more generic, financial/retirement planning market. To me, it seems well on it's path to be a YNAB which has a high amount of word of mouth recommendations, but perhaps covers a larger market.
one of the nice things about being lean and bootstrapped is there's less pressure to chase the mass market.
so we need to worry less than a venture-backed company probably would about just how far outside of the FIRE community this has a lot of appeal.
that being said, there are certainly a lot of people who would benefit from having a long-term financial plan. here's to hoping your ynab comparison turns out to be apt!
To me this is a wild success story but to someone else this may be meh that isn't much.
I think 1M ARR shows you are on to something and getting sales off the bat is a good indicator.
Not an expert but I feel PMF is a rear view mirror thing.
lol so have we gone from "wicked PMF" to just being "onto something"?
the rear-view thing sounds kinda like "you'll know it when you see it"... which I'm sure is true for some people, but idk if I would know when to declare PMF without a more precise definition.
Yes. I'm saying the first HN post was a great signal, but a probability. It could have flopped from there. But sales from a cold HN post to me is good pot odds, so stay in the game!
The rear view mirror thing is of course true: you can only know the market by testing it by trying to sell your thing to it. Anything forward looking is a prediction.
You are always making decisions that are like bets.
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