What is the key to successful product development?
— Successful product development requires understanding the user, focusing on helping them, tracking KPIs, and avoiding changes to find product market fit.
How should founders start their product development process?
— Founders should start by identifying the problem they are trying to solve before pitching their product idea.
What should founders focus on when developing a product?
— Founders should focus on understanding who is getting the most value out of their product and helping them with their problem frequently.
What metrics should be tracked to ensure product success?
— CEOs should track a KPI (revenue or usage-based metric) and make sure everyone in the company knows the goal, and be able to report on it.
How long does it take to find product market fit?
— It will take time to find product market fit, so don't expect significant progress in under two years.
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