Short transcript excerpt from a YouTube discussion arguing that raising a successful seed round is commonly—but incorrectly—interpreted as achieving product-market fit; the speakers assert that investor checks or large funds do not necessarily indicate customers want the product.
Assuming that raising.
A successful seed round means that you've reached product market fit.
This is extremely common.
Unfortunately, that's rarely the case. So it turns out that because you raise a check from a famous name, or because you're able to raise a.
Lot of money almost.
Has nothing to do with whether or not you have a good product or whether you have something their customers want.
So in reality.
We often have to shake founders after demo day and say, you know whether you have product market fit or not. You know whether you have to lie, cheat, and steal to get a customer to use your product, whether they're coming in every day. You know whether your product is actually solving the customer's problem. Don't let an investor convince you that you're further along than you are.
