Pivot iff - you’ve learned a rare and valuable insight (a « secret » in Thiel’s parlance) AND - you’ve built solid assets in the current company (tech, clients...) for exploiting said secret ELSE Restart from scratchhttps://twitter.com/WorkMJ/status/1064482637018992640 …
You need another condition: the original idea is not working. In any case, I think I disagree. Fundraising is hard, time consuming, and even if you have a good idea, investors may not see that. IMO, If you got the money, time, and the original idea ain't working, pivot.
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Yeah, it was implied :)
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Yup - trivial call-out, but there was some meat to the rest of what I wrote. How much of VC's saying "don't pivot" is "we want our money back"
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