Finding Product Market Fit: How 2 Engineers Built the #1 NFT Marketplace on Solana (Tensor) | EP 17

Imran and Qiao invite Tensor cofounders Ilja and Richard to discuss about achieving the right product-market fit in crypto.

No BS crypto insight for founders.

Timestamps
(00:00) Intro
(00:56) Welcome to Good Game
(01:18) Product-market fit has been a common topic
(01:59) The battle between Tensor and Magic Eden
(02:46) Who is Tensor exactly?
(05:02) The most important episode for early-age founders
(06:13) Where did "product-market fit" come from?
(10:33) Tensor got 15 noes from investors
(11:50) Welcome Richard and Ilja
(15:17) Richard’s background
(16:37) Ilja’s background
(17:37) The greatest edge that Tensor has
(19:02) How did the Tensor guys ascertain their compatibility as cofounders
(23:02) From a Solana hackathon project to Tensor
(32:12) Why they decided to build a pro trading product
(34:30) How Tensor validated their product
(36:42) How Tensor acquired their first 10 to 100 customers
(38:41) The cold start problem
(42:55) How they created their feedback loop
(47:15) What really gets you your product-market fit
(48:25) Tensor’s flat traction and lessons learned from several months of pain
(52:05) The competitive landscape of Magic Eden and why build on Solana?
(56:01) 2 devs, a truckload of coffee, and a wild dream
(56:20) Why did they decide to stay lean
(58:05) Why it’s important to find product-market fit first
(1:02:02) Lessons learned from 50+ rejections from VCs
(1:08:19) How they feel about Solana now and in the near future
(1:12:04) Qiao’s bullish argument for Solana
(1:13:08) Upcoming problems for Ethereum
(1:14:14) How did they feel when they achieved product-market fit
(1:18:23) Quick recap + lessons learned

Richard Twitter: https://twitter.com/0xrwu
Ilja Twitter: https://twitter.com/_ilmoi

Good Game Podcast: A podcast for crypto natives.
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DISCLAIMER: The views expressed herein are personal to the speaker(s) and do not necessarily reflect the views of any other person or entity. Discussions and answers to questions are intended as generalized, non-personalized information. Nothing herein should be construed or relied upon as investment, legal, tax, or other advice.