More Related Content Similar to From idea to product market fit (20) From idea to product market fit1. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
Leo Benkel, Founder & CEO
2. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
Leo Benkel
Technical Advisor
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From
Idea
to
Product Market Fit
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Idea
5. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
One sentence idea
What problem are you solving?
For who?
Why you?
How?
What is the value add?
6. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
Tell me your idea
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User Scenario
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Power of storytelling
Empathy
Entertain
Inspire
Imagine
Memorable
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How to tell stories?
Personal
Goal
Challenge
Structure
Engage
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Story structure
Persona
Initial situation
Problem encountered
Desired Solution
Your implementation
11. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
Tell me your story
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Differentiating factor
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Best possible product
All the features !
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Not
useful
Nice to
have
Essential
Triage
Sort the features
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Give me features
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MVP
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Design
Make plans
Minimal
Feedback loop
Branding
Business model
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Prototype
Frugal
Iterate
No-code? Mobile? Web?
Handmade
Introspect
19. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
What will go wrong?
Traction
Conversion
Friction
Technology
Ambition
20. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
Tell me about a MVP
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Market Fit
22. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
Feedback
Collect all the feedback !
User Acquisition
Prototype
Feedback
Market Fit
Idea
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Exponential growth
The Chasm
early adopters Majority Late adopters
Conversion
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Strategy to attract more users
Branding
Advertisements
SEO
Referral
Time
25. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
When have you reached Product Market Fit ?
Satisfaction
Need
Cost
When users are ready to pay you to satisfy their needs
26. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
Exponential growth
Users
Time
27. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
What will you gain from Product Market Fit
Users come to you
Users come back
Talents come work with you
Talents stay work with you
28. © Copyright 2021 Leo Benkel, Pure Lambda, SARL. All rights reserved. Registered in Pure Lambda - Luxembourg Luxembourg № B248482
Ready to take off?
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What do you think?