The Difference Between Demand and Product Market Fit

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.8 • 1.1K Ratings

🗓️ 4 September 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 37: Alex Lieberman (@businessbarista) shares 6 musings in the last week that have been the conversation of the Internet-sphere. Learn why demand does not equal product market fit, how we tend to overreact to every trending product, and why entrepreneurs are expected to move at break-neck speeds. In reality, every business is hard, make sure you have the right reference point when hiring, and why discipline is the most important quality to have. Timestamps: (01:37): Why demand doesn’t mean product market fit (07:08): The age of overreaction (09:47): Expectation of moving fast (12:47): Every business is hard (13:44): Having the right reference point (18:36): It’s all about discipline Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.com #FoundersJournal #Startups #Entrepreneur Listen to Founder’s Journal here: https://link.chtbl.com/OV4W93_W Watch Founder’s Journal here: https://www.youtube.com/@FoundersJournal/ Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about Shopify here: https://shopify.com/crazyones Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's up everyone, welcome back to another episode of Founders Journal.
0:04.6	This is Alex Lieberman, your host, the co-founder and executive chairman of Morning Brew.
0:09.5	We are back with another episode of the show that is an entrepreneur's personal journal
0:14.4	made public for the world.
0:16.7	I am recording this on Thursday, August 31st.
0:21.2	After this episode, I'm going to be driving up to Vermont to enjoy the long weekend.
0:25.0	I'm going to be honest with you, I was a bit lazy, didn't really script out a whole
0:28.6	episode.
0:29.7	I wrote down a few thoughts, basically my musings from the last week of conversations
0:35.6	with entrepreneurs, conversations with my co-founders for my businesses.
0:40.3	I just wrote down some things that came to mind of just reminders from the last week or
0:45.9	things I've learned.
0:47.6	This episode is going to be a little bit different.
0:49.1	I'm not going to be reading off of a script.
0:51.3	I'm just going to be going from the dome, talking as if you and I were talking at a coffee
0:57.5	shop.
0:58.5	I wanted to hear what you think.
0:59.8	After you listen to this episode, shoot me an email at Alex at Morning Brew.com and tell
1:04.8	me what you think about the, let's say just like the more unscripted improv like vibe.
1:11.2	Did you like it better because it felt like a conversation?
1:14.2	Did you like it worse because it felt like it was more all over the place and it was less
1:18.3	efficient?
	...

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