I'm not sure I get it? I'm not opposed to pivots; I actually think people probably need to do them more often, not less. The thing I am opposed to is the slow half pivot, that are more renovations than pivots.
Yeah, my point was that pivots can work, but they've got to be big pivots. What I don't htink works is the slow or partial pivot. And as the footnote says, there is selection bias, but in this case, that's the point - if a company dies and we don't hear it's story, don't do what it did?
I agree about markets looking small not being bad though. I had a point that I left out that I think chasing a big TAM is actually a mistake, because it easy to kind of wander through adjacent ideas, rather than focus on a narrow thing.
https://rconline.substack.com/publish/post/118621515
I'm not sure I get it? I'm not opposed to pivots; I actually think people probably need to do them more often, not less. The thing I am opposed to is the slow half pivot, that are more renovations than pivots.
Netflix?
Yeah, my point was that pivots can work, but they've got to be big pivots. What I don't htink works is the slow or partial pivot. And as the footnote says, there is selection bias, but in this case, that's the point - if a company dies and we don't hear it's story, don't do what it did?
I agree about markets looking small not being bad though. I had a point that I left out that I think chasing a big TAM is actually a mistake, because it easy to kind of wander through adjacent ideas, rather than focus on a narrow thing.