How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation) episode artwork

EPISODE · Oct 17, 2022 · 37 MIN

How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation)

from A Product Market Fit Show | Startup Podcast for Founders · host Mistral.vc

You've launched a startup. Your excitement turns to anxiety as it becomes clear things aren't working out. Some customers are buying but not nearly enough. They like your product, but they don't love it.You realize you don't have product-market fit and are unlikely to get it. You'll need to change things up. You'll need to pivot.It's a painful process, but pivots are more common than you think. The right pivot can take you from nothing to billion-dollar status. Many unicorns, including Slack, Twitter and Ada, started off as completely different businesses. The key, of course, is to do it right. Mike and his co-founder spent a full year as customer service agents to feel their customers' pains. They solved those problems over time and a few years later raised at a $1.2B valuation. If you want to hear exactly how they did it, have a listen.Send me a message to let me know what you think!

Episode metadata supplied by the publisher feed · Published Oct 17, 2022

Embed this episode

You've launched a startup. Your excitement turns to anxiety as it becomes clear things aren't working out. Some customers are buying but not nearly enough. They like your product, but they don't love it. You realize you don't have product-market fit and are unlikely to get it. You'll need to change things up. You'll need to pivot. It's a painful process, but pivots are more common than you think. The right pivot can take you from nothing to billion-dollar status. Many unicorns, including Sl...

Distinct summary based on available episode metadata or transcript content.

NOW PLAYING

How to Pivot to Product Market Fit | Mike Murchison, Founder of Ada ($1B+ Valuation)

0:00 37:41

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of A Product Market Fit Show | Startup Podcast for Founders?

This episode is 37 minutes long.

When was this A Product Market Fit Show | Startup Podcast for Founders episode published?

This episode was published on October 17, 2022.

Is there a transcript available for this episode?

Yes, a full transcript is available for this episode. You can read the complete transcript on the episode page.

Can I download this A Product Market Fit Show | Startup Podcast for Founders episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!