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> If, however, you have substantial savings to deploy so that you can get far enough to afford to pivot 1-2 times until you find product-market fit, then PG is
by logifail 4y ago
> If, however, you have substantial savings to deploy so that you can get far enough to afford to pivot 1-2 times until you find product-market fit, then PG is right and taking the plunge is the right thing, regardless of business environment. [snip] I claim "You can/should start something like AirBnb in a bad economy, but not Google."
Q: How many times did AirBnb and/or Google have to pivot to find product-market fit?
- mach1ne 4y agoSome startups do, some don't.
- logifail 4y ago> Some startups do, some don't I'm not sold on pivoting, and I'm not the only one. See: Too Many Pivots, Too Little Passion https://hbr.org/2012/09/too-many-pivots-too-little-passion https://hbr.org/2012/09/too-many-pivots-too-little-passion
- Swizec 4y agoGoogle pivoted from “ads ruin search engines” to one of the world’s biggest advertising companies. That’s a pretty big pivot
- fidgewidge 4y agoPMF is tricky. Google's first product was a hit, but it wasn't a market fit because nobody was paying for it so there was no market. They were attempting to sell an enterprise version (the search appliance). They pivoted pretty fast to AdWords. Like, is there PMF if no money is changing hands. I saw Docker be described as having extreme PMF but they went down because they had a product, but giving away cool stuff does not create a market.
- kaashif 4y agoI can get product market fit right now giving out cash on a street corner. It doesn't mean anything, and that obviously can't be what PMF means. If it's not profitable, it's not PMF.