Re:Product-market fit for a B2B company
by rpedela on Saturday October 31, 2020 @08:06PM
(#24956293)
Yeah those logos help with the stability part. Obviously logos alone does not prove stability, but it is one signal.
Not really. Longevity and financials were how we identified stability. If the company had been around for a while and/or could demonstrate that they had enough runway to last for a couple years, then we considered them stable.
We had enough experience with startups who would sell one license to a big company and then throw their logo on the slide that knew the logos didn't mean anything.
Good traction is a useful proxy for stability no? Not necessarily “big names”, but being the first customer of startup would probably be an automatic no according to your criteria, no?
We needed to know that it could do what we needed it to do and that there were enough support resources that we could get someone on the phone if we had an emergency. It is not cheap to integrate new software into the systems and processes of a large company so we also needed to know that we weren't going to put in that effort and then have the company go under a year later.
Support and stability were the two biggest issues that limited adoption for early stage startups. We didn't care if you had any big name customers. We just needed to know that your product did what we needed and you'd be able to support us for the long term.