1/ After my recent tweet, an entrepreneur emailed me and asked, "I understand what product/market fit feels like now, but I'm stuck pushing the boulder up the hill. How long does it take to crest the hill? How do I get to the top?"
2/ It takes an arbitrarily long time to reach p/m fit. Some founders get there almost immediately after launching their product, some take years of tinkering. You don't know how tall your hill is, no one does. You're doing something new, pushing a boulder into the unknown.
3/ Twitch reached p/m fit about 4 months after we started working on gaming with a focus on live streamers (vs viewers). That was after five years failing to find p/m fit in live video with Justin.tv, and Twitch was an iteration of that long search that succeeded.
4/ This brings me to "how do I get to the top of the hill?" To answer that question, I have prepared this amazing drawing ✍️ made by my own hand: 
5/ You want to be the blue rectangle, not the green rectangle. You have limited effort and time to improve your product, you should focus it on reaching the point where some number of people love it. That love generates the fit.
6/ How do you figure out what a small number of people love? Either choose a segment of people and learn about them a bunch through interviews and data (this is what I did on Twitch, because I wasn't a streamer myself). Or build something just for yourself (skinniest rectangle!)
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