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Dalton Caldwell

08/30/19

@ Y Combinator

People often take too long to pivot due to loss aversion, where they struggle to let go of something they've invested in, or because they misinterpret politeness as traction.

Video

Dalton Caldwell - All About Pivoting

@ Y Combinator

Dalton Caldwell - All About Pivoting

08/30/19

Related Takeaways

Y Combinator Cast

03/01/24

@ Y Combinator

Founders often suffer from 'pivotitis,' where they change direction too frequently without learning from their initial experiences, leading to a lack of progress.

Dr. Michael Platt

02/17/25

@ Andrew Huberman

When making choices, people often pay more attention to potential losses than to potential gains, which can lead to loss aversion and impact their decision-making.

Dalton Caldwell

08/30/19

@ Y Combinator

Having a little bit of traction can be a trap; it can lead talented founders to stick with a failing idea for too long instead of pivoting to something more promising.

Dalton Caldwell

08/30/19

@ Y Combinator

Fear of admitting weakness or defeat can prevent founders from pivoting, as they may feel that doing so means giving up.

Chris Williamson Cast

04/01/25

@ Chris Williamson

People often fear change due to loss aversion, which makes it painful to separate from familiar situations, even if they are unhappy.

Dr. Michael Platt

02/17/25

@ Andrew Huberman

The phenomenon of loss aversion suggests that people feel the pain of losing more acutely than the pleasure of winning, which can skew their decision-making processes.

Elad Gil

10/18/18

@ Y Combinator

If you're not seeing traction after three to four years, it's likely you've waited too long to pivot or shut down.

Varun Mohan

05/02/25

@ Y Combinator

I need to change my mindset much faster than I believe is reasonable. It's easy to fall in love with your ideas, but you need to pivot quickly and treat pivots as a badge of honor.

Y Combinator Cast

03/01/24

@ Y Combinator

Fear can lead founders to make irrational decisions, such as pivoting too quickly without proper validation of their ideas.