Luminari

company on 1 show · 4 statements across 1 episodes · said 19 times in 1 episodes since 2023

A Product Market Fit Show 19

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A Product Market Fit Show 19

2023 19 mentions in 1 episode

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4 statements about Luminari, every show

PRODUCT MARKET FIT Assertion Not checkable as stated
Kravshik: Post-pivot, LumiQ closed $20k ARR deals in just two meetings
“Once we launched the full product, I mean, that was, it was immediate. Like we were going and making 20,000 dollar annual recurring revenue sales in two meetings to like half hour meetings when it used to take us like five of those meetings to sell like a 800 …”
Michael Kravshik Apr 3, 2023 ▶ 36:53 Michael Kravshik, Founder of LumiQ | How to Pivot to Product Market Fit · PMF Show
Kravshik: Broader discovery questions would have led to LumiQ faster
“I think had we been more broad, we probably would've come to this faster.”
Michael Kravshik Apr 3, 2023 ▶ 29:30 Michael Kravshik, Founder of LumiQ | How to Pivot to Product Market Fit · PMF Show
Kravshik: Luminari struggled because demand was one-sided in its marketplace
“And in the case of Luminary, we actually did have that from one side of the marketplace. The problem with Luminary ultimately, I know I'm skipping ahead on the story a little bit, is that we didn't have it as much on the other side of the marketplace.”
Michael Kravshik Apr 3, 2023 ▶ 14:57 Michael Kravshik, Founder of LumiQ | How to Pivot to Product Market Fit · PMF Show
PRODUCT MARKET FIT Assertion Not checkable as stated
Kravshik: Luminari founders did over 500 customer discovery interviews with CPAs
“At the end of it, we ended up having over 500 one-on-one conversations with 500 different CPAs, and then we'd also talk to the other side as well, the hiring managers, about what was broken with the hiring process.”
Michael Kravshik Apr 3, 2023 ▶ 5:35 Michael Kravshik, Founder of LumiQ | How to Pivot to Product Market Fit · PMF Show

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