Product-market fit isn't about creating demand from scratch. It's about identifying a massive, existing wave of change (like cloud, mobile, or AI) and building a product (the "surfboard") to ride it. Success comes from correctly identifying and timing the wave, then making adjustments, not from paddling in calm water.

Many founders mistakenly believe achieving product-market fit is the final step to explosive growth. However, growth only ignites after also finding a repeatable go-to-market fit, which translates the founder's initial sales success into a scalable process that a sales team can execute consistently.

Before launching, assess a product's viability by the sheer number of potential distribution points. Manufacturing and logistics are solvable problems if the market access is vast. This reverses the typical product-first approach by prioritizing market penetration from day one.

Technical founders often create a perfect solution to a real problem but still fail. That's because problem-solution fit is useless without product-market fit. An elegant solution that isn't plugged into the market—with the right GTM, pricing, and messaging—solves nothing in practice. It's unheard and unseen.

Dara Khosrowshahi argues that entrepreneurs over-index on Total Addressable Market (TAM), which he sees mainly as a fundraising tool. The real focus should be on proving product-market fit and solid unit economics in a small, defensible niche. Once that's established, you can expand into adjacent markets.

This reframes the fundamental goal of a startup away from a supply-side focus (building) to a demand-side focus (discovery). The market's unmet need is the force that pulls a company and its product into existence, not the other way around.

A visionary founder must be willing to shelve their ultimate, long-term product vision if the market isn't ready. The pragmatic approach is to pivot to an immediate, tangible customer problem. This builds a foundational business and necessary ecosystem trust, paving the way to realize the grander vision in the future.

Using a child's toy analogy, demand is a pre-existing hole (e.g., a star shape) and your product is the block. Founders fail when they build a block and then search for a hole it fits. The real job is to first deeply understand the shape of the hole, then craft a block that fits it perfectly.

A great founder cannot salvage a dead market. Success is a multiplication of founder skill, product viability, and market hunger. If any of these factors, especially the market, scores near zero, the total outcome will be near zero, regardless of how strong the other components are.