How Andy Rachleff came up with the product-market fit framework

In today's episode, we hear from Andy Rachleff who’s term “product-market fit” was the inspiration for this podcast.   Andy Rachleff is a legendary Venture Capitalist who originally coined the term "product-market fit." Andy has had an incredibly accomplished career in the tech industry, co-founding Benchmark Capital in 1995 and Wealthfront in 2008. Andy has mentored and guided hundreds of founders and investors, and in this episode talks about his journey to product-market fit.   Join us as we discuss: How Andy first got into the venture industry and how that shaped his approach to investing and product-market fit The unique insights that Andy brought to Benchmark through his years working in the venture industry What inspired Andy to coin the term product-market fit and his core thinking behind it Andy's thoughts on what defines an MVP   Further reading: Building conviction in a startup: https://www.field-guide.unusual.vc/field-guide-enterprise/building-conviction  Customer validation: going from idea to sellable product: https://www.field-guide.unusual.vc/field-guide-enterprise/pmf-customer-validation  What are design partners, and how do you acquire the right ones? https://www.field-guide.unusual.vc/field-guide-enterprise/picking-design-partners  12 tips to improve your MVP with early adopters: https://www.field-guide.unusual.vc/field-guide-enterprise/shape-your-mvp-with-design-partners