At its Series A, ServiceUp had "concept-market fit"—the core idea was compelling enough to attract investors and early customers—but not yet product-market fit. The product didn't fully solve the problem, but the vision was strong enough to secure the capital needed to continue building towards it.

Founders often get stuck endlessly perfecting a product, believing it must be flawless before launch. This is a fallacy, as "perfection" is subjective. The correct approach is to launch early and iterate based on real market feedback, as there is no perfect time to start.

Unbound Merino used its Indiegogo campaign as a definitive test for market demand, not just a funding tool. This framed the effort as a win-win: either a successful business would be born, or the founder would get a box of the custom t-shirts he personally wanted.

For physical products, changes between versions are costly and slow. Solgaard launches on Kickstarter to get early adopter feedback on features before the first mass production run. This allows them to effectively release a more refined "version two" as their initial market product.

To get to your first sale a day, prioritize speed over perfection by launching a Minimum Viable Product (MVP) line of 6-12 items. The goal isn't immediate profitability, but to get real products into the market quickly. This allows for rapid learning and feedback, preventing the common failure of launching a 'perfect' collection to no audience.

Founders embrace the MVP for their initial product but often abandon this lean approach for subsequent features, treating each new development as a major project requiring perfection. Maintaining high velocity requires applying an iterative, MVP-level approach to every single feature and launch, not just the first one.