I think this might be a direct consequence of financing models. Companies do not build for long term product market fit, they build to ensure the next financing round. And sometimes, in between rounds, they get various influences from advisors, VCs, etc instead of listening to/responding to the market and the target segment.
It's a subjective point of view i am writing here, but empirically it might be argued looking at the (few) successful startups coming from Europe versus the ones growing out of US. 🤔
Great article. I'm pretty sure it was Jake Saper @ Emergence Capital that introduced me to the language Phantom PMF. I agree that it's far too soon to have reliable trend lines to predict how this all sorts out but what is very clear is that we need a much tighter customer/user feedback loop to have any hope of managing the definitionally volatile innovation cycle that we have today.
I think this might be a direct consequence of financing models. Companies do not build for long term product market fit, they build to ensure the next financing round. And sometimes, in between rounds, they get various influences from advisors, VCs, etc instead of listening to/responding to the market and the target segment.
It's a subjective point of view i am writing here, but empirically it might be argued looking at the (few) successful startups coming from Europe versus the ones growing out of US. 🤔
It hits home
Great article. I'm pretty sure it was Jake Saper @ Emergence Capital that introduced me to the language Phantom PMF. I agree that it's far too soon to have reliable trend lines to predict how this all sorts out but what is very clear is that we need a much tighter customer/user feedback loop to have any hope of managing the definitionally volatile innovation cycle that we have today.
Damn that’s such a cool term
If you're purely an AI overlay, the AI companies will cannibalize your product market fit overnight.
That and American companies care about their customers as much as people care about the dirt they walk on.