[argonaut]

They sort of do, they sort of don't. And it doesn't matter at all. Product market fit is a concept used to describe startups. Specifically, I take it to mean when a startup has managed to engage/sell to a small, rapidly-expanding group of very passionate users/customers. It doesn't apply to huge enterprise companies at scale. Everybody has heard of Oracle. Nobody has heard of <foo> startup.

Not everything can be analyzed with the same types of analysis. It is a complete mistake to try to analyze startups like you analyze large companies, and vice versa.