The “Pivot”

The “Pivot”

“Pivot” has become a commonly accepted phrase for when a start ups initial model misses the mark. It’s freely used and thrown about. “Oh, we’ll just pivot when we see it doesn’t work…” Uh, yeah, probably not. Oftentimes, the founders decide to change direction, alter course, try something new. They pivot and go in a new direction. We invest in a quality team and we bet on this team and their ability to execute their vision. IF they decide to change for change sake…we cringe. When they frankly come to us and express concern over their status or have concrete reasons to shift we listen and support. Micah Baldwin (@micah) founder of Dundee VC supported Graphicly is a very clear thinker and driven founder. His post in Venture Beat (http://goo.gl/LMuwc) is an honest take and autopsy of a successful pivot. Thinking big and executing big are different. While we all thought the comics market was large…the new focus is enormous, fragmented and ripe. And so far, a great pivot.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

  • Why Selling A Startup For $20 Million Is Better Than $200 Million http://t.co/Rbix4MNKma
    October 20, 2014 1:50 am
  • Well done @ChicagoVCSummit. Genuinely worth the time and people were all first rate. Chicago is on fire. Bad choice of words there.
    October 19, 2014 7:35 pm
  • RT @JBPritzker: @TroyHenikoff @PritzkerVC Troy, everyone gains wisdom when they're around you. Thanks for joining us.
    October 19, 2014 7:29 pm