Many people jump on trends too early; for example, VR has potential, but it's not yet a high conviction bet for starting a company.

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.

If you're out of ideas on how to make your current project work, that's usually a sign you should pivot.

Founders often know when their idea isn't working but may try to maintain a facade of success; if you can't convince yourself, it's a good time to pivot.

Understanding the external factors that influence your product's success is crucial; neglecting them can lead to offering solutions that don't meet user needs.

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.

Breck's, a credit card for startups, pivoted from a VR headset idea to a successful business by quickly realizing their initial idea wasn't viable and iterating through multiple concepts.

Pivoting means changing your startup idea; if you're not making something people want, you need to change your idea or your startup will fail.

Pivots are essential for startups, whether it's to find product-market fit early on or to reinvent the company later for sustained success.