Defining Product Market Fit

The original definition of Product Market Fit (“PMF”) was “the degree to which a product satisfies a strong market demand”. In the mid-2000s, Marc Andreessen defined the term as follows: “Product/market fit means being in a good market with a product that can satisfy that market.” I don’t think you need to be in a “good market” as Andreessen uses in his definition. Andreessen’s definition forces us to define what a “good market” is, which…