Todd Jackson
Partner @ First Round Capital
Partner at First Round Capital. Former VP Product & Design at Dropbox.
βA framework for finding product-market fit, covering startup building, strategic decision-making, and B2B products.β
Career History
| Company | Role | Years |
|---|---|---|
| First Round Capital | Partner | ~2020-present |
| Dropbox | VP of Product & Design | 2015-2018 |
| Director of Product Management (Content & Discovery) | ~2014-2015 | |
| Facebook (via Cover acquisition) | Product Leader (News Feed, Photos, Groups) | ~2012-2014 |
| Product Manager (Gmail) | 2004-~2012 |
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Episodes (1)
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Quotable Clips
βLenny, I'm excited to be here. Thank you for having me.β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βI think the good thing about enterprise, and specifically sales-led B2B, is that there is more science to it. And so it is for sales-led B2B founders who are in, let's call it, the first six to nine m...β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βCompletely manual. She was the one behind the email address posing as the AI, but doing it herself. And I think that's revealing of it's okay to be inefficient at level one, as long as you are deliver...β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βYes, they're paying you money and you're delivering a product that solves a problem for them.β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βI think it's hard to create a category. It certainly works in some cases, but if you actually have a really interesting spin on an existing category, there's already buyers spending money on that thin...β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βIt's both. So sales becomes easier, but I think if you are starting to get to level three, which is where we're getting to next, you've probably got 10%, 20% of your inbound coming or completely organ...β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βYeah. And probably just look for something that is a lot more of a burning pain. It's usually that the problem is not significant enough, important enough to people, or the promise is not valuable eno...β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βHe is a critical person and critical of himself, but a very high expectations person, let's say.β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βI think if you told many, many pre-seed founders that they'd be able to get to 100 million and not know whether they had product-market fit, they'd probably take that.β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βI think that's what makes a lot of the best founders the best.β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βGoing from five to 25 quickly. Yeah, if I see a company go from five customers to 25 in a year, that is almost always a sign that there's some pretty strong product-market fit there.β
A framework for finding product-market fit | Todd Jackson (First Round Capital)
βOkay. So that's an example of a wow statement. And you probably had in the back of your mind, "How are you going to do that? Is that actually going to work?"β
A framework for finding product-market fit | Todd Jackson (First Round Capital)