"There's a thin line between FOMO and PMF" - Erwan Derlyn, Odepar

This episode of Datadrivet is in english. If you're involved in startups, product management, or digital business, you've likely come across the term "product market fit" (PMF). It's a commonly used phrase, often seen as a buzzword. People advise startup founders to achieve PMF before scaling, but what does that mean exactly? How do you know if you've reached it, or if you're on the right track? The concept of PMF is more than just words; it's crucial for success. In this episode Joni meets Erwan Derlyn - founder of Odepar where he provides strategic and operational support for early-stage startups, helping them to build sustainable growth foundations. The primary cause of a company's failure often lies in their inability to create something people truly desire, identify a demand for their product, or capture the market demand. Product market fit is to make something that solves a real problem. How important is it to start with the audience or demand side when developing a product, rather than just focusing on the solution? Imagine you encounter a locked door. Instead of making a key first and then searching for a lock, it's more practical to find the lock first and then create a key for it. Similarly, in business, it's better to understand the needs of your customers first (the lock) and then develop products or services (the key) that meets to those needs. “Datadrivet" is a podcast by scilla.studio. Need help getting started with experiments in your team? Get in touch with us at scilla.studio or on Linkedin. Want to share how your company works with being data-driven? Reach out to us on Linkedin. The hosts of the podcast are Joni Lindgren and Jasmin Yaya.