Brex pivoted from a VR hardware headset idea to a credit card for startups, achieving product-market fit quickly and raising hundreds of millions in just two years.

Brex started as a virtual reality headset company but pivoted back to payments after realizing they lacked the necessary hardware expertise.

Brex pivoted from a VR headset idea to understanding the needs of other founders, which led them to develop a product that addressed real customer pain points.

The founders of Breck's changed their idea within weeks of funding, demonstrating the importance of speed in finding a successful concept.

The founders of Brex had prior experience in fintech, which contributed to their success after pivoting, demonstrating the importance of founder-market fit.

Brex's founders spent time with potential customers to understand their complexities, allowing them to quickly ship a relevant product.

Recent pivots in startups often involve founders shifting from ideas they think they should pursue to those they know intimately, leading to more successful outcomes.

Recognizing that just because a technology is hard to build does not mean it is valuable is a key lesson in entrepreneurship, and pivots are essential for startups to adapt and succeed, whether it's early on to find product-market fit or later to reinvent the business model.

Relying on external factors outside of your control, like mainstream virtual reality headset adoption, can be a sign that you should pivot if your startup's success depends on those factors.