Ask HN: Did you find it harder to reach product market fit, or to scale?
In addition to your answer/why one was more of a challenge than the other..
What industry were you in (consumer/enterprise/biotech/consumer/other?) Was it technology heavy or light? Were capital requirements high? What was the customer lifecycle like? What was the competitive environment like?
3 comments
[ 2.9 ms ] story [ 17.1 ms ] threadThe problem was mostly that there were plateaus where cash would have made things much easier, but nobody was interested in funding it. For example, taxes hit and our 7% margin went down to 1%. We migrated stock to in house, and holding half a ton of stock got margins from 1% to 30%.
We could have hit 80% margin with about $50k plus distributed it in a lot of major stores. It would have been better promo than billboards and made money. But I think it was a hard time to close deals - everyone we approached either was buckling down for recession, investing in crypto, or chasing after some other kind of sexy tech (e-commerce was going out of fashion).
You can lose PMF though. We've slipped it a couple times. This is why you need product teams.
Consumer market, e-commerce. Moderate tech. Low capital. Target market was diet/health so we got a spike in income at the start of the year which slowed down a lot then rose again end of the year, near wedding season.
Then scaling with PMF is okish. Scaling without is complicated as things doesnt stack up