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First Round Capital

First Round Capital

Investing and finance 30,700 subscribers

Founders on knowing what PMF feels like

14.04.2026 7,279 views
Published: 14.04.2026 Category: Investing and finance Views: 7,279

Episode details

Episode description

This special episode collects the best advice from our conversations with founders, centered on how they define one of the most elusive milestones in building a company: finding product-market fit. From the unmistakable pull of organic demand, to the "holy sh*t" moments that tell you something is really working, founders shared what PMF actually feels like from the inside. In this episode, we revisit: • Why true PMF is "blazingly obvious" • Pulling vs. pushing a rope: The tension that signals real demand • The "holy sh*t" moment that makes you want to tell everybody • Why emotional reaction, positive or negative, is the real signal to watch for • When your competitor's crisis becomes your product's proof point Where to find the founders: • Adam Guild: https://www.linkedin.com/in/adamharrisonguild/ • David Cramer: https://www.linkedin.com/in/dmcramer/ • Immad Akhund: https://www.linkedin.com/in/iakhund/ • Jake Stauch: https://www.linkedin.com/in/jakestauch/ • Jyoti Bansal: https://www.linkedin.com/in/jyotibansal/ • Kareem Amin: https://www.linkedin.com/in/kareemamin/ • Tomer London: https://www.linkedin.com/in/tomerlondon/ • Zack Kanter: https://www.linkedin.com/in/zkanter Where to find Brett: • LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/ • Twitter/X: https://twitter.com/brettberson Where to find First Round Capital: • Website: https://firstround.com/ • First Round Review: https://review.firstround.com/ • Twitter/X: https://twitter.com/firstround • YouTube: https://www.youtube.com/@FirstRoundCapital • This podcast on all platforms: https://review.firstround.com/podcast Companies: • Clay: https://www.clay.com/ • Gusto: https://gusto.com/ • Harness: https://www.harness.io/ • Mercury: https://mercury.com/ • Owner: https://www.owner.com/ • Sentry: https://sentry.io/ • Serval: https://www.serval.com/ • Stedi: https://www.stedi.com/ Timestamps: 00:00 Introduction 00:39 PMF is "blazingly obvious", but only once you've felt it 03:36 Why the customer’s emotion is the real signal 05:20 Finding positive tension: The rope-pulling analogy 07:34 When your competitor's crisis becomes your proof point 10:44 Understand why it's working, not just that it's working 13:01 Turn customers into experts in your product 14:51 Keep delivering value after the sale 16:00 Going hyperbolic: Hundreds of demo requests a day

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