Private Equity FunCast
Private Equity FunCast
Jim Milbery and Devin Mathews
Defining Your Ideal Customer Profile
36 minutes Posted Sep 2, 2022 at 1:36 pm.
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In the latest episode of the Private Equity Funcast, Operating Partners Cici Zheng and Paul Stansik discuss the ICP - Ideal Customer Profile. As investors, we're frequently asking our portfolio companies - who is your ICP? Which ones are your best-fit customers, the ones that your product is truly the best fit for to solve their pain points? How do we avoid trying to be the dreaded "swiss-army knife" and being everything to everybody? In this episode we discuss why defining an ICP is important to us and our 3 step process for building out an ICP.