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Startups & Venture·August 25, 2026·1 min read

Max Mullen on when to take advice from your investors

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The framing that product-market fit comes in stages is a useful corrective—what’s “good advice” from investors depends heavily on which stage you’re actually in. Founders should be explicit with their boards about which PMF stage they’re optimizing for right now to avoid whiplash between growth, efficiency, and exploration.