Dear Friends,
Recently, I was asked to talk about PMF—Product-Market Fit—in a startup context. It is a popular concept nowadays in the startup journey.
Product-Market Fit (PMF) is like finding the perfect match between the product and the people who need it. It happens when your product solves a problem so well that customers are happy, excited, and willing to pay for it.
If you go deep into the journey, there are 32 steps in 5 phases of funding as per Majd Alaily. Product-Market Fit (PMF) comes in Phase 2 after the product launch:
• Phase 1 (Pre-Seed): [Idea, Founder Team, Product Build, Initial Validation, Proof of Concept, Initial Traction, Initial Business Model, Pre-Seed Funding]
• Phase 2 (Seed): [Product Launch, Initial PMF (Product-Market Fit), Key Hires, Scalability, User Base]
• Phase 3 (Series A): [Scaling Product, Revenue Growth, Market Penetration, User Growth, Operational Efficiency, Team Growth, Brand Building, Strong Retention]
• Phase 4 (Series B): [Market Leader, Solid Financials, Product Expansion, Scalable Operations]
• Phase 5 (Series C): [New Markets, Potential Mergers and Acquisitions, Exit Strategies, Strategic Partners, Profit Driven, Operational Excellence, Path to IPO]
Surprisingly, there are 32 steps in today’s arranged marriage journey in the Indian context:
• Phase 1 (Exploration): [Expression of Intent, Consultation with Elders, Criteria Setting, Profile Preparation, Horoscope Matching, Background Research, Networking for Matches]
• Phase 2 (Proposal & Compatibility Assessment): [Profile Exchange, Initial Discussions, First Family Meeting, Bride & Groom Meeting, Compatibility Check, Initial Profile Marital Fit (PMF) Check, Mutual Approval]
• Phase 3 (Courtship & Relationship Building): [Extended Family Introductions, Building Rapport, Lifestyle Discussions, Future Planning, Cultural Immersion, Profile Marital Fit Validation, Mutual Understanding Development]
• Phase 4 (Pre-Wedding Commitments & Planning): [Engagement Ceremony (Nischayathartham), Fixing the Wedding Date, Pre-Wedding Rituals Planning, Venue & Vendor Selection, Shopping & Preparations, Invitation Distribution]
• Phase 5 (Wedding & Post-Wedding Integration): [Pre-Wedding Rituals, Main Wedding Ceremony, Community Participation, Grahapravesham, Post-Wedding Planning, New House Setup]
I don’t know if it’s sheer coincidence or a real mapping, but Product-Market Fit (PMF) in the startup world and Profile-Marital Fit (PMF) in the marriage world encounter in Phase 2 of the journey, both with 32 steps!
If there is any slip/deviation in any of the 32 steps, the product fails—and so does the marriage! However, there are always exceptions! A chance encounter happens with the will of God!
God’s intervention in the form of Karma is the 0th and 33rd step, if you believe in God. If not, we can call it Nature’s intervention!
Do you agree?
Ravi Saripalle