If you’ve been around the startup community for a while, this will be a refresher. If you’re new, this is a fundamental read.
The term you need to know is Product/Market fit. Every startup must find this. Marc wrote:
Product/market fit means being in a good market with a product that can satisfy that market.
It’s a very simple concept, but Marc wrote quite convincingly why it’s important, and why (usually) it’s the only thing that matters.
When you’re evaluating whether to apply to that startup, whether to accept that offer letter, or even just reading about startups, understanding this one post will help you immensely.