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Most startups don’t fail because of funding. They fail because they build something the market doesn’t truly want. In this episode of The Startup Saga, we explore one of the most decisive stages in a founder’s journey: building the first product and discovering whether you are genuinely approaching Product-Market Fit. This is the phase of MVP decisions, early customer feedback, painful pivots, and hard trade-offs between vision and validation. If you are a first-time founder, a Seed-stage SaaS builder, or a product leader trying to refine your go-to-market strategy, this conversation will sharpen how you think about early product decisions. Our Guest: Dr. Swaminathan Subbiah Dr. Swaminathan Subbiah (Subbiah) brings more than 30 years of experience scaling technology companies and leading product innovation. He has led two major exits: • Zemax – sold for $400 million • Fluent – sold for $565 million He has held senior leadership roles at Ansys, where he led global product strategy and operations across their simulation business. As CEO of Zemax, he expanded the company internationally and launched award-winning products that reshaped the optical simulation market. Today, he advises technology startups, serves on boards, and mentors founders navigating growth and scale. What makes his perspective powerful is simple: he has repeatedly lived through the messy middle between idea and traction. What You’ll Learn in This Episode • How to define what is truly “minimum” in a Minimum Viable Product • How to listen to early users without losing your long-term vision • When to pivot — and when to stay the course • The difference between building features and building value • Early signals that indicate you may (or may not) be approaching Product-Market Fit • How experienced product leaders think about market validation This episode is essential viewing if you are: • Refining your MVP • Struggling with inconsistent customer feedback • Unsure whether you are truly close to Product-Market Fit • Preparing for Seed or Series A conversations Free Founder Resource Library We created a free Resource Library connected to every episode of The Startup Saga. Inside, you’ll find practical tools, frameworks, and working documents shared by our guest speakers — material designed to support founders building real companies. Subscribe here: https://www.resourcestorelations.com/... The Startup Saga Podcast founding sponsors: www.alexanderdanielsglobal.com www.dragoncoachinghouse.com About our guest: Dr. Swaminathan Subbiah: / subbiah21 Special thanks for post-production: @szkubi.sznex Molnar Csaba