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A Summary of

The only thing that matters

by
Marc Andreessen
Marc Andreessen
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There is a wide divergence of success and of caliber/quality for the 3 core elements: team, product, and market.

Definitions of key terms:

  • Caliber of team: suitability of CEO, senior staff, engineers, & key staff
  • Quality of product: impressiveness of product to customer
  • Size of market: number & growth rate of customers for product

Market matters most to success because:

  • Market will be fulfilled by first viable product
  • It doesn’t matter how good the product is, so long as it works
  • Team is easy to upgrade if market is good
  • A great team & great product cannot fix a bad market

The only thing that matters is getting to product/market fit (PMF). Before PMF (BPMF), do whatever you can to get to PMF.

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