When the COVID-19 pandemic hit, we had to pivot quickly. Instead of laying off our team as advised, we chose to be transparent and asked everyone to take pay cuts to weather the storm together, which ultimately helped us find our product-market fit.

Gather Town emerged as a successful startup during the pandemic by pivoting from a different idea to create a platform for social interaction online, capitalizing on new opportunities.

During the pandemic, we faced significant challenges, but we emerged stronger. We learned to focus on efficiency and maintain a startup mentality, which helped us navigate the crisis successfully.

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

Startups that survive the pandemic and can raise Series A and B funding will be well-positioned to capitalize on the shift to digital that has been accelerated by the pandemic.

The shift to remote operations has proven effective for Y Combinator, making it easier to interview and fund companies globally, which may continue post-pandemic.

Startups often capitalize on platform shifts, as they can pivot quickly in response to significant changes in the market, unlike larger companies that may struggle to adapt.

A pivotal moment for us was deciding to transition from a project management tool to a multi-product company built on our platform, responding to how users were leveraging monday.com for various applications.

Many successful companies, like Apple and Amazon, have undergone significant pivots, demonstrating that adaptation is key to long-term success.