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He built Uber for parking & exited. Then raised $100M+. Here's his formula for finding product-market fit. | Shmulik Fishman, Founder of Argyle

He built Uber for parking & exited. Then raised $100M+. Here's his formula for finding product-market fit. | Shmulik Fishman, Founder of Argyle

FromA Product Market Fit Show


He built Uber for parking & exited. Then raised $100M+. Here's his formula for finding product-market fit. | Shmulik Fishman, Founder of Argyle

FromA Product Market Fit Show

ratings:
Length:
38 minutes
Released:
May 20, 2024
Format:
Podcast episode

Description

"Find a better mouse trap. Build a product that's just a better version of a product that already exists. It's a lot easier to sell."His first startup was a cool idea: Uber for Valet Parking. Investors loved it. But the unit economics didn't work out. So he had to pivot. He ended up selling it, but decided to do things differently the second time around.With Argyle, he didn't start with a cool idea. He replaced a product customers already paid for. His pitch went from "Wouldn't it be cool if?" to "I'll do what they do but twice as well and for half the cost". Why you should listen:- How to work with design partners to build the first version of your product- How to use those partners to get credibility and make your first enterprise sale- Keeping your sales teams small and staying close to the customer for as long as possibleTimestamps:(00:00:00) Intro(00:01:04) The Origins of Argyle(00:04:03) The Aha Moment(00:15:06) When to Charge for the Product(00:19:31)Landing the  First Customer(00:21:38) Staying Close to Customers(00:25:16) From Seed to Series A(00:32:06) Delivering clear ROI(00:35:58) Finding Product Market Fit(00:36:38) One Piece of Advice
Released:
May 20, 2024
Format:
Podcast episode

Titles in the series (87)

As an early-stage founder you have one goal: find product-market fit.  On The Product Market Fit Show, we explore the 0 to 1 journeys of the most successful startups. We go deep and provide detailed examples you can steal. Our goal is simple. We want to understand product-market fit better than anyone on the planet.