Richard Alfonsi
3.8K posts

Richard Alfonsi
@ralfonsi
Dad & husband. Advisor & Investor. Board Partner @FirstRound. Formerly @Stripe, @Twitter, @Google. Duke basketball zealot. Optimist.









Todd Jackson (@tjack) was VP of Product and Design at @Dropbox, Director of Product at @Twitter, Product Lead for @Gmail, PM for @Facebook's Newsfeed, Photos, and Groups, and also the founder of Cover (which he sold to Twitter). Today, Todd is a partner at @FirstRound Capital, and over the past year, he and his team have analyzed all of their internal data and the journies of the hundreds of startups they’ve worked with to put together a highly actionable framework to help founders find PMF. And it's phenomenal. In our conversation, we discuss: 🔸 First Round Capital’s four-part PMF framework 🔸 Examples of companies at each level 🔸 How to know if you’re stuck at a level, and how to get unstuck 🔸 What to change when you’re stuck: persona, problem, promise, and product 🔸 The specific goals at each stage of PMF 🔸 The most common pitfalls at each stage 🔸 Much more

Big @firstround news today! We’re launching Product-Market Fit Method (a free intensive 14-week experience for early founders building epic B2B SaaS companies) and publishing the first session on our internal framework for all to read (with benchmarks, Looker's real data, and tactical advice from iconic enterprise founders). Even though finding product-market fit is the single most important thing for a startup, it’s still underexplored and seen as more art than science. We wanted to change that. I’ve personally talked to hundreds of founders about this topic, digging into what they did in the first 6-9 months of company building. (We’ve published dozens of those interviews on The Review in our “Paths to PMF” series.) This video previews some of what we learned — thanks to @christinacaci, @zachperret, @lloydtabb, @jboehmig, & @jaltma for sharing their lessons! In addition to that research, we’ve also drawn from our own 20 years of data and 500+ pre-PMF investments. What emerged was a very consistent set of patterns for sales-led B2B companies — the basis for our new framework and PMF Method’s 8 tactical sessions. In the program, we help early founders discover what customers really want, build the right v1 product, and close their first enterprise sales. We ran a beta version late last year with a tight-knit group of founders (ex Stripe, Plaid, Airbnb, Twitter, Greenhouse, Grammarly) and the feedback was great — my personal favorite was: "I feel like I shaved 12 months off the time it would take us to get to PMF.” Here are a few key dates and details: - The Summer 2024 session of PMF Method runs 5/29 - 8/28. - Application deadline is 11:59 PDT May 7th. - Any early founder working on a new B2B SaaS company is welcome to apply. Bonus points if you’re technical, have a clear product idea but haven’t raised yet and are <12 months into working full time on your idea. - PMF Method is 100% free. It costs you $0 and we own 0% of your company. Like with The First Round Review and Angel Track, our mindset is to openly share knowledge that we’ve put hundreds of hours of work into curating with the broader startup community, and give it away for free. That’s why we’ve also published our framework, so every builder can use this resource, even if they don’t do the program (it’s linked in the next post). Check out the links below for more details. Can’t wait to read applications!


Very excited to share that Ive joined @firstround as their newest Partner🎉🎉 After 7 years as an entrepreneur, 6 years as an angel, & then a few batches as Visiting Partner @ YC, joining First Round feels like a dream, and Im so thrilled to join the team: firstround.com/news/meet-firs…


Hi there from the team at Adverb Ventures! Who? adverb.vc We are a new early-stage venture capital fund co-founded by @jess and @aunder. 👋👋 And we are live, backing extraordinary founders building enduring, breakout companies out of our $75M debut fund. 🧵






Scaling People: Tactics for Management and Company Building by @chughesjohnson is a practical guide to building a company’s operating systems and scaling the most important resource a company has: its people. Available for preorder now: press.stripe.com/scaling-people 📈



