Post by @stani • Hey
Why startups pivot so quickly? Seen a common pattern in SF where you so pivoting within 6-12 months. I don’t see that being enough timeframe for even build
Comments
- Hmm, it's hard to judge from outside I think. But I generally agree with your perspective.
- Lol maybe VCs pushing them to align with certain metrics which makes founders do stupid things!
- Afaiu the „lean everything“ approach it’s not about building a „decent product“ but building a MVP (forgot how the even smaller version is called), get some attention and see if it‘s sticky if yes iterate and scale, if no pivot.
- Interesting. I wonder if it's inexperienced founders being jumpy and scared to stand by an idea? Or maybe it's them making assumptions about what users want, before taking the time to test and ask.
Particularly in Web3 startups I see a lot of founders assuming they know best, and doing very poor user research.
- Building a product is not the most difficult part. Sales are the challenge. May be they realize they aren't able to sell what they are building.
- I guess those startups have pretty short attention spans! Looks like they need to take a deep breath and give it a little more time.
- 6-12 months is far from enough for a startup
- Excellent products need a lot of time to feedback, modify and run in.
- Presumably the Dunning-krugereffect is at play. Startups don't always understand the depth of what they're about to endeavor. A few months down the road the team possibly now sees things differently and adjusts course accordingly. Rebranding once is fine, perhaps even useful imo. It shouldn't happen on a regular basis though.
- easy to get funding for the latest THING.
- agree, lots of projects just showup and disappear
- user feedback
- The strategy layer is always to ensure that it is clear and tested over a reasonable period of time before implementation, which is also relevant to the volume and positioning of the project itself！
- They chase the narrative that prevails at that time.
Their mentality is why building a good product when chasing the narrative gives you better ROI short term.
Narrative chasers are not my cup of tea...
- exactly. they fail the product before market does it for them.
- Greed
- AAVE team keep building
- There is a saying: a small boat is easy to turn around.
- Why
- "Agile" is very close to "no conviction"
- yea
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- Great question
- gm
- Great question!
I believe pivoting doesn't necessarily mean starting from scratch. It could involve tweaking certain aspects of the product, adjusting the target audience, or even shifting the business model. By pivoting early and often, startups can learn quickly and adapt to changing circumstances, ultimately increasing their chances of success.
- I couldn't agree more! You make such great points and always share such valuable insights
- So build 1 application show all dev or developer name & project like linkeldn. Retailer should start thinking..if dev keep build new project, abandon old project..make community or retailer exit liquidity, think again to support them. Gitcoin need to improve this function. Btw L2beat founder good example.. love how he's go deep explain all L2 project. We need fresh info.
- gm
- That's the fun of it.
- That's the fun of it.
- Great question!
- Ai?
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- Very good and beautiful
- Yeah 🙌
- No worry about what it shoud be, just make the best decision for ur project
- yep i think it so
- hope the lens be the excellent prodect for the web3 people,for the future to the moon
- ofc
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- I like!
- this