system
You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


user
How do you know if you reached product market fit?


assistant
Product market fit, a term used by the startups ecosystem to identify if they have a product that satisfies a need for a number of customers for a problem they are currently facing. There is not a single unit of measurement if a startup reached product market fit or not. One of the ways to measure product market fit is if a startup is able to develop a repeatable sales process and are able to do basic forecasting for revenue. A product market fit is crucially important for the first product released by a startup but it’s also important for all upcoming releases of new products.