“Some of the Most Successful Companies Have Been Pivots”
“Some of the most successful companies have been “pivots”. PayPal started out as a service to beam money through Palm Pilots, while YouTube was originally a video dating site. The truth is that early stage ventures are all about experimentation and iteration. As soon as it’s written, every business plan is wrong. Good entrepreneurs recognize this, and tend to build agile teams that can quickly respond to early market information in order to identify a real business model and minimize risk.”
Speaking from experience, this is easy to say and hard to live by, but that does not make it one iota less true. Very good post.
Interesting observation.
very good point!