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Mark Suster: What Makes an Entrepreneur (3/11) – Ability to Pivot
- tonystubblebine 17y agoThis is apparently such an important point, yet there isn't much talk about how to go about this. I was at Odeo when we pivoted to Twitter, and I can tell you it's not as simple as just launching a new product. You've made promises to investors, customers, and employees about delivering one type of thing and you have to go back on your word. Some of those people were hired for the first idea and are going to need to be let go. You're not really sure about the new product so you're hesitant to let go of the first product. Even if you are sure that you're changing direction you still may want to find a home for the first product so you don't want to completely trash it. You may have cash/runway limitations. Etc.