The Founder Initiative

From Rejection to $2.5B GMV: The Product-Market Fit Playbook


Listen Later

Check out SmartLing: https://www.smartling.com & their CEO Bryan Murphy https://www.linkedin.com/in/bryanmurphy2/
Side note to Founders -->
đŸ€” VCs not responding to you?
I’ll review your deck & send you a detailed video with my actionable recommendations:
Submit here: https://airtable.com/appBXetKIMsy5r3bE/pagQlrExmVx38bk6W/form
😌 1 (of many) Top Insights From The Episode:
🔑 “Tie your product-market fit journey to measurable outcomes.”
- A vague vision isn’t enough. Your product roadmap must link directly to clear, trackable KPIs that matter to your customer.
🔑 1. “Obsess over the customer’s job to be done.”
Don’t build what’s interesting to you—build what solves a real problem for the customer.
“We literally brought mechanics into our office, gave them coffee and donuts, showed them wireframes, and just listened.”
🔑 “Cheaper isn’t always better—especially when your buyer has a budget to spend.”
Brian pitched AI translation as "same quality, half the cost."
But users pushed back:
“I don’t want to lose half my budget—I just want to get more done with it.”
So they changed the message from "cut costs" to "translate 10x more with the same budget."
🧠 Insight: Understand your customer's incentives, not just their needs. Sometimes saving money isn’t the win—they want to justify the budget they already have.
OVERVIEW:
02:00 - AutoZone rejects WHI idea: “No one will buy auto parts online”
05:20 - How they validated the idea with mechanics
09:35 - Building WHI’s MVP and early testing
12:50 - Key product insights from eBay
17:30 - Messaging mistake: Users didn’t want to save money
21:50 - How to define a real North Star and tie it to KPIs
26:15 - Making tough product decisions with limited data
30:45 - Final advice: Focus on the job to be done, make it a step change, and be first-ish
32:30 - Closing and how to connect with Brian and Adam
...more
View all episodesView all episodes
Download on the App Store

The Founder InitiativeBy Adam ODonnell

  • 5
  • 5
  • 5
  • 5
  • 5

5

18 ratings


More shows like The Founder Initiative

View all
Planet Money by NPR

Planet Money

30,718 Listeners