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Real estate has always been among the World’s most profitable industries. Today, real estate values about $7000 billion. But huge changes are coming. PropTech startups are taking over the real estate market. Proptech received a record-breaking $14 billion in investments in 2019. Besides, two-thirds of real estate companies have expanded their use of technology in their businesses. The real estate crowdfunding market alone is forecast to account for approximately $868,982 million by 2027. And there’s another trend: the biggest real estate buying group is fast becoming Millennials. We are seeing the birth of a new lucrative market. And there’s still time to get on board.
In this article, I look at Product/Market Fit from a mobile perspective and make some suggestions on how to assess the level of PMF for a mobile app, with reference to some of the articles from Sean Ellis, Brian Balfour, Andrew Chen, Marc Andreessen and Casey Winters on the topic of Product/Market Fit.
<p>Marc Andreessen explains the term as follows: Product-market fit means being in a good market with a product that can satisfy that market. Many people interpret product-market fit as creating a so-called minimum viable product, that addresses and solves a problem or need. It is a fundamental step that must be achieved both in startups and new portfolio products for enterprise companies before adopting a growth process.</p>