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RH
Reid Hoffman
07/08/22
@ Greylock
Many successful companies, like Apple and Amazon, have undergone significant pivots, demonstrating that adaptation is key to long-term success.
Video
G
Reid Hoffman | The Startup Pivot
@ Greylock
07/08/22
Related Takeaways
RH
Reid Hoffman
07/08/22
@ Greylock
Successful tech companies like Apple and Microsoft have thrived through cycles of invention and reinvention, demonstrating that pivots are a fundamental part of their growth.
RH
Reid Hoffman
07/08/22
@ Greylock
Pivots are a common aspect of entrepreneurship; successful entrepreneurs learn from their experiences and adapt their strategies accordingly.
YC
Y Combinator Cast
07/22/23
@ Y Combinator
Pivots are not just for startups that fail; in fact, many successful startups have pivoted to find their success.
RH
Reid Hoffman
07/08/22
@ Greylock
Pivots are essential to entrepreneurship because they help companies adapt and find product-market fit, whether in the early stages or later on.
RH
Reid Hoffman
07/08/22
@ Greylock
Expecting pivots as a regular part of business is crucial; companies must be prepared to make wholesale changes to remain competitive.
RH
Reid Hoffman
07/08/22
@ Greylock
Pivots are essential for startups, whether it's to find product-market fit early on or to reinvent the company later for sustained success.
RH
Reid Hoffman
07/08/22
@ Greylock
Successful pivots often involve changing operational processes, such as product development and performance metrics, while maintaining a similar organizational structure.
RH
Reid Hoffman
07/08/22
@ Greylock
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.
RH
Reid Hoffman
07/08/22
@ Greylock
A pivot is not just a change; it involves maintaining an anchor point while making significant adjustments to how a company operates, such as changing its business model or go-to-market strategy.