A loop is not a phase you age out of. It has a door, and the door has a lock, and the lock reads only one currency: evidence. You do not exit because a quarter passed, because the money is getting nervous, or because the anxiety became unbearable. Every bar below is observable. None of them is a feeling.
(Problem validated.)
(Solution validated.)
Exiting the Product loop is launching.
(Product validated.)
If the first market didn't come, this loop's work was iterating to the adjacent one. The exit opens on the market found, never on the quarter elapsed.
(Market validated.)
1 is the day the business repeats without you. This is the evidence on which founders commonly declare product-market fit — the declaration is always the market's to keep confirming; what you hold is the repetition.
(1 — the business repeats.)
You iterate on the answer; you exit on the evidence. And a loop without an exit bar isn't a stage; it's a hamster wheel — you iterate to leave. On evidence. Never on exhaustion, and never forever.