The Myth of Product–Market Fit
Why PMF is not found - it’s defended continuously
We all founders often talk about product–market fit as a key milestone in the company.
We grind for months, ship relentlessly, talk to users, tweak pricing, rework onboarding - and one day it clicks. Retention stabilizes, revenue grows and investors nod approvingly. There’s a moment as a founder we feel that we achieved product-market fit and move on to “scaling.”
This framing is convenient., but it’s also wrong. Product–market fit is not a moment you reach. It’s a position you occupy - and can lose.
PMF is a temporary advantage, not a permanent state
The real truth is that markets don’t stand still. Customers will change. Competitors will copy. Distribution can shift. What worked six months ago can quietly decay.
If product-market fit were permanent, incumbents would never lose. But history is full of companies that once had obvious fit- and later couldn’t explain why growth slowed.
That is never a sudden failure, but it was a gradual erosion.
It can start from as small as tiny frictions ignored, new use cases underserved, a pricing model that stopped matching customer reality or a competitor that understood one narrow segment better.
The First Version of PMF Is Narrow by Default
Early PMF almost always exists in a thin slice of the market.
A specific customer type
A specific use case
A specific urgency level
Founders often miss this mistake early traction for general demand. They raise money assuming the fit is broad. Then they hire sales, expand marketing, and widen positioning - before understanding why the first users cared so much.
The result is dilution.
The product still works. But it works intensely for fewer people.
Defending PMF starts with knowing exactly where it lives.
Retention Is the Only Honest Signal
Founders over-index on growth metrics because they’re visible and flattering. But PMF actually shows up elsewhere:
Users come back without reminders
Usage increases without new features
Customers complain when things break.
If retention weakens, it signals that PMF is weakening too - even if revenue might still growing.
Growth can be bought with marketing, capital, purchase incentives, but retention has to be earned repeatedly.
Teams that treat retention metrics as lagging indicators miss the point.
Scaling Is the Fastest Way to Lose PMF
Most companies lose PMF after they think they’ve found it.
Why? Because scaling changes the product even if you don’t touch the code.
Sales promises stretch beyond delivery expectations.
Support quality drops.
Onboarding becomes generic and lack of attention to nuanced customer pain points.
Roadmaps optimize for revenue, not value
Each change seems reasonable in isolation. Together, they move the product away from the original fit.
Defending PMF requires saying no to customers who look attractive on paper but don’t reinforce the core use case.
This is uncomfortable- especially when revenue targets are involved.
PMF Is Maintained Through Feedback, Not Vision
Founders like to believe their job is to “hold the vision.” In practice, defending PMF is actual operational job:
Talking to users even when metrics look good
Watching how edge cases behave
Noticing when power users leave quietly
Shipping small fixes instead of big bets
Vision helps you start and keep the momentum. Feedback helps you actually deliver. Teams that stop listening because they believe they’ve “figured it out” usually haven’t.
Competition Exposes Weak PMF First
When competition appears, founders often blame marketing, pricing, or capital.
Yes, sometimes that’s true. But often it’s not.
Competitors never steal customers randomly. They take the ones whose fit was already marginal.
If switching feels easy for a customer, it’s a direct signal that PMF was never strong.
The right response isn’t aggressive positioning, but rather tightening the loop with the customers who still care deeply.
PMF Is Defended by Focus, Not Speed
The instinct when growth slows is to do more. The first step that comes in the mind to add more features, more segments and more experiments.
But PMF is defended by doing less better.
Fewer ICP’s (Ideal Customer Profiles)
Clearer positioning
Stronger defaults
Faster response to core users
Speed helps discovery, but focus preserves fit.
How do I find whether we have a defensive PMF?
You don’t know you have PMF when things are going well. Sometimes it’s important to test things in a contrarian way to check whether you are on track.
You know it when:
You raise prices and users stay
You pause marketing and usage continues
You ship nothing new and retention holds
PMF is not excitement, but resilience. And resilience has to be maintained.
Product–market fit isn’t a trophy that we win as a startup.
It’s a posture a founder has to maintain - by paying attention longer than feels necessary, by resisting premature expansion, and by treating alignment as ongoing work.
The companies that last aren’t the ones that find PMF. They’re the ones that keep defending it while everyone else assumes it’s already secured.
Till then, keep building.