Feels like an overstatement to say that the only thing that matters is Product Market fit.
Product market fit is certainly necessary but its not sufficient. Actually building and supporting the product (which includes culture, hiring etc) better than the competition also counts. FB vs Myspace could be an example.
Product market fit is certainly necessary but its not sufficient. Actually building and supporting the product (which includes culture, hiring etc) better than the competition also counts. FB vs Myspace could be an example.