The co-building stage within the cohort process
The cohort process must enable the incremental progress of the startup i.e. building customer traction in a scalable and de-risky approach :
- define the product vision to build
- build the first product the right way ;
- kick-start and validate adoption ;
- monetize.
The success criteria to prepare PMF
MVP co-building must set the foundation for product-market fit i.e. when the product shows repeatable and scalable traction on the market.
At this stage, here are the metrics that predicts PMF success :
- perceived customer benefit, users satisfaction of the first product ;
- contract signed with co-builders and first customers ;
- growth potential on the segment : replicability and scalability of the service and the acquisition.
Building customer waves for co-building, alpha testors and market validation
To ensure product -market fit, we must face the adequate customers in front of the adequate product surface :