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Atmrix

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Atmrix

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JL

Joe Lonsdale

04/26/24

@ My First Million

You should be willing to pivot and adapt your business model based on market feedback and changing conditions.

Video

MF

From PayPal Intern to Starting 4x Billion-Dollar Companies | Joe Lonsdale Interview

@ My First Million

From PayPal Intern to Starting 4x Billion-Dollar Companies | Joe Lonsdale Interview

04/26/24

Related Takeaways

JL

Joe Lonsdale

04/26/24

@ My First Million

You should be willing to pivot and adapt your business model based on market feedback and changing conditions.

JL

Joe Lonsdale

04/26/24

@ My First Million

You need to be willing to iterate and adapt your ideas based on feedback from industry experts and potential partners.

GT

Garry Tan

06/08/23

@ Y Combinator

When faced with a harsh reality, like a startup's decline, it's essential to change your understanding and adapt your business model accordingly.

RH

Reid Hoffman

07/08/22

@ Greylock

Many entrepreneurs face pivots when trying to establish their initial product-market fit, often needing to adjust their strategies based on customer feedback and market conditions.

SM

Sean Mitchell

05/04/18

@ Y Combinator

You can't over-optimize your business, but you must be willing to iterate and learn from the market's feedback.

YC

Y Combinator Cast

05/20/22

@ Y Combinator

At the earliest stages, you need to be able to pivot quickly because you don't know what will happen, and if it takes too long to adjust, your startup might not survive.

MC

Mark Cuban

03/30/24

@ Lex Fridman

Entrepreneurship requires continuous iteration of your product, sales pitch, and marketing strategies to adapt to changing conditions.

AC

Adora Cheung

03/20/17

@ Y Combinator

When considering a pivot, assess whether you can still grow. If you find that your user base isn't retaining or the business model isn't working, it may be time to change direction.

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.