Robert Chess, Lecturer, Stanford GSB
3 ways to Pivot
- Pivot on Product: Huge restart
- Pivot on Market: Most common axis for change
- Pivot on Team: Difficult to change
Pivoting involves keeping one foot on the ground.
No company is too big to pivot. Successful pivoters include: Netflix, Twitter, and Genentech.
The brain of the entrepreneur is made of two disconnected parts that operate. Independently: the optimist side and the risk optimizer/pessimist side.
The best advice: It takes as much time and work to do something that doesn’t matter. As it does to do something that does. So do something that matters.