The Downturn May Actually Be Decaying Product-Market Fit
Macroeconomic pressure can conceal a product that no longer fits the changed market as well as it once did. Founders should compare their product and distribution against improving incumbents, then resume meaningful innovation rather than relying indefinitely on downturn explanations.
- Distinguish market pressure from weakened product-market fit
- Compare current demand with historical demand
- Account for incumbents improving their products
- Strengthen both product and distribution
- Do not use macro conditions to excuse stalled innovation
“It's not a downturn, it's just a side turn.”
“Does the market still need your product as much? If not, give yourself a kick in the rear and go build it.”