The document discusses the concept of product-market fit, which it defines as "being in a good market with a product that can satisfy that market." It outlines the three stages of startups as problem/solution fit, product/market fit, and scale. It then provides more details on finding early adopters and testing offers, currency, and utility to achieve product-market fit through the FOCUS framework. The framework emphasizes learning, building, and measuring through experiments and pivots in qualitative early stages and optimizing for growth in quantitative later stages.
21. Finding early adopter
FOCUS
Desc Innovators Early Adopter Early Majority Late Majority Laggards
Trait
Desires and
willingness to
try new things
Selective
about
technologies
they adopt
Look to
understand
how it fit with
their live
Adopt with
scepticism
Aversion to
change
Phase
Research &
Development
Introduction Growth Maturity Decline
Stage
Problem /
Solution Fit
Product /
Market Fit
Scale Warning Die
22. Finding early adopter
FOCUS
Desc Early Adopter Early Majority Late Majority
Have the problem Y Y Y
Know they have it Y Y X
Will to pay to solve it Y X X