Skip to content

“Some of the Most Successful Companies Have Been Pivots”

March 29, 2009

vcmike

Great words of wisdom from Josh “Redeye VC’ Kopelman:

“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.”

3 Comments

Post a comment
  1. March 29, 2009

    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.

  2. Chris Fedusiv #
    April 23, 2009

    Interesting observation.

  3. July 9, 2009

    very good point!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s