Michael Seibel is a partner at YC. He cofounded Justin.tv, which was in the winter 2007 batch and Socialcam, which was in the winter 2012 batch.
In this video Michael comments on his essay The Real Product Market Fit
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Topics
00:00 – The Real Product Market Fit
1:00 – Why do many founders think they have product market fit when they don’t?
5:45 – Building a successful company is not a single variable problem
7:30 – Socialcam didn’t hit product market fit
8:40 – Justin.tv had $1M in profit before reaching product market fit
12:30 – Some companies take a long time