A Product Market Fit Show | Startup Podcast for Founders
00:39:22 · Pablo Srugo, Rob
[00:39:22] S0: We did Nike, right? Not too long ago. Like how long did, did Phil Knight fight the good fight of , uh, and he should [00:39:26] S1: Have given up every month, every year, right? Like that's, but there is a balance though, because I've seen some really stupid ideas and I mean , I mean this like really bad ideas, [00:39:36] S0: But again, like going back to this, like Phil Knight actually was doubling really small numbers, but he actually was doubling, you know, his sales every year. So anyways, that's the , uh, those are the five steps kind of that elaborated, let's say, [00:39:48] S1: As you said earlier on though , Pablo, none of this will, like following these five won't get you funded. Like you, you still have to have that, that ability to turn it into a business like this is something that just following these five steps doesn't mean that, that ultimately somebody's gonna write you a check. You , you still have to build a business. [00:40:07] S0: That's it, that's the key man. Well, like , and I , you know, there's separate skills, like finding true product market fit is a separate skill from , uh, from fundraising, right? There's one that there are people that can do one, people that can do the other people that can do both, but, but none of this is, is for fundraising. But even, I think, I do think doing all these things does two things. One, I think it increases your odds of finding product market fit, and I think it shortens the amount of time that you're gonna take on something that's probably not gonna get the product market fit.
00:40:07 · Pablo Srugo, Rob
[00:40:07] S0: That's it, that's the key man. Well, like , and I , you know, there's separate skills, like finding true product market fit is a separate skill from , uh, from fundraising, right? There's one that there are people that can do one, people that can do the other people that can do both, but, but none of this is, is for fundraising. But even, I think, I do think doing all these things does two things. One, I think it increases your odds of finding product market fit, and I think it shortens the amount of time that you're gonna take on something that's probably not gonna get the product market fit. [00:40:35] S1: And it might just lead to a lifestyle business, which could be fine. Like , there's nothing wrong with that. That's the thing. 99.9% of all businesses are lifestyle businesses. Well , [00:40:45] S0: I'll tell you this, man, everybody, like, everybody's jealous of the founder who raised 10 million until they see the founder that has a 10 million a year business and they own a hundred percent of it <laugh> . And then they're like, whoa, that would've been nice.
00:40:45 · Pablo Srugo, Rob
[00:40:45] S0: I'll tell you this, man, everybody, like, everybody's jealous of the founder who raised 10 million until they see the founder that has a 10 million a year business and they own a hundred percent of it <laugh> . And then they're like, whoa, that would've been nice. [00:40:58] S1: Yeah. And it's just spitting cash. Like it is a , I just found out a good friend of mine from high school , uh, owns a banana company and it is like a 10 year journey on selling organic and fair trade bananas. And , uh, and it's, it's a giant business, a hundred percent owned by her. Like I would rather have a giant business , uh, uh, like a small business, a hundred percent owned, that's spitting cash than a giant business funding hundreds of millions of dollars in debt. Um, and I make a, I make a salary and I, and I don't sleep. Oh wait, that's what I'm doing, except for the salary <laugh>. Oh, wait, who's the sucker? Now,
00:41:38 · Pablo Srugo
[00:41:38] S0: If you listen to this episode and the show and you like it, I have a huge favor to ask for you. Well, it's actually a really small favor , but it has huge impact. But whichever app you're listening to this episode on, take It Out, go to Product Market Fit Show and leave a review, please. It's going to help. It's not just gonna help me to be clear. It's going to help other founders discover this show because the algorithms, whether it's Spotify, whether it's Apple, whether it's any other podcast player, one of the big things they look at is frequency of reviews. It's quantity of reviews. And the reality is, if all of you listening right now, left reviews, we would have thousands of reviews. So please take literally a minute, even if you're just writing like great podcast or I love this podcast, whatever it is, just write a few words. Obviously, the longer the better, the more detailed the better. But write anything, leave five stars and you'll be helping me. But most importantly, many other founders just like you, discover the show. Thank you.