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  3. Keith Schacht and Doug Peltz on What Traction Feels Like - at YC Edtech Night

Summary

Keith Schacht and Doug Peltz, founders of Mystery Science, discussed their journey from idea to product-market fit at YC Edtech Night. Here are the key points:

  • Keith and Doug met in college and Keith convinced Doug to join him in starting Mystery Science.
  • They recognized a disconnect between the content of science and how it was being presented in schools.
  • They initially targeted parents as customers but realized schools were the best way to reach children.
  • They went through multiple product iterations before finding success in the K-5 science curriculum market.
  • User feedback guided their understanding of product-market fit and the unique way they explained science.
  • They tested their product with teachers and received positive feedback.
  • They experienced traction, with their product being used in 10% of US elementary schools.
  • They used Facebook to reach teachers and had unexpected success with it.
  • They focused on building a resource for teachers and grew usage before building a sales team.
  • They emphasized the importance of creating a product that teachers and students love.
  • They faced challenges in fundraising but secured new investors who believed in their vision.
  • They joined Y Combinator to further grow their company and found the program valuable.
  • Doug became a full-time founder to have a larger impact and reach a wider audience.
  • Mystery Science is now used in 10% of US elementary schools.
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