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š 10 Lessons Iāve Learned From Watching Founders Pivot
Hey Founders,
The founder journey is rarely a straight line. Itās full of twists, turns, andāat some pointāa pivot.
Iāve worked with countless early-stage founders, and Iāve seen pivots that saved companiesā¦ and others that came too late. The best pivots arenāt about giving upātheyāre about unlocking new growth.
Here are 10 lessons Iāve learned from watching founders pivot successfully (and unsuccessfully). š
1ļøā£ Pivots Arenāt FailuresāTheyāre Strategy
The best founders donāt see pivots as quitting. They recognize that adapting is part of the process. Airbnb, Slack, and Instagram all pivoted before they found success.
š„ Takeaway: The faster you embrace change, the stronger your company becomes.
2ļøā£ Data (Not Emotions) Should Drive Your Pivot
Too often, founders wait too long to pivot because theyāre emotionally attached to their original idea.
š Look at the data:
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Are customers actually paying?
ā
Are investors hesitant because of traction?
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Is revenue growth stalling?
š Pivot when the numbersānot your egoāsay itās time.
3ļøā£ Pivot Small Before Pivoting Big
Not every pivot has to be massive. Sometimes, a small shift in pricing, audience, or positioning can make all the difference.
š Test small changes before you throw out your whole business model.
4ļøā£ Customers Will Tell You What They Actually Want
Founders who listen closely to customers often pivot toward something better.
š£ļø If people keep asking for something you didnāt originally plan to offer, pay attention.
š” Slack started as a gaming company. Their internal messaging tool became the real opportunity.
5ļøā£ Your Team Needs to Be on Board
A pivot is an all-hands-on-deck moment. If your team doesnāt believe in the new direction, execution will suffer.
š ļø Over-communicate the "why" behind the pivot and make sure your team is aligned.
6ļøā£ Some Investors Will Lose ConfidenceāAnd Thatās Okay
When you pivot, some early supporters may not be thrilled.
š” But hereās the truth: Great investors bet on teams, not just ideas.
š The right investors will stick with you if you can articulate the opportunity ahead.
7ļøā£ Speed MattersāBut So Does Thoughtfulness
Iāve seen pivots happen in a weekend and some take six monthsāboth have worked.
šļø Speed is important, but clarity matters more. A rushed pivot without a plan is just panic.
8ļøā£ The Best Pivots Arenāt Just DefensiveāTheyāre Opportunistic
Most founders pivot because something isnāt working, but the best pivots happen when they spot an untapped market and move fast.
š Stay alertāsometimes a pivot isnāt about fixing a problem. Itās about seizing an opportunity.
9ļøā£ If You Have to Pivot Again, Do It
Iāve watched founders pivot twice, even three times before hitting product-market fit.
š If the first pivot isnāt right, refine and pivot again. Some of the best companies took multiple attempts before they found their winning formula.
š The Strongest Founders Reinvent Themselves Too
A pivot isnāt just about changing the businessāit often means evolving as a leader.
š” Founders who succeed through pivots are:
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Adaptable
ā
Self-aware
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Open to rethinking what they thought they knew
š„ Final Thoughts
Pivots arenāt easy, but theyāre often necessary. The best founders know when to shift, how to listen to the market, and how to bring their team along for the ride.
š” If youāre considering a pivot, donāt panicājust make sure itās driven by insight, not desperation.
Have you been through a pivot? Whatās the biggest lesson you learned? Drop a replyāIād love to hear your story!
Until next timeākeep building!
Cheers,
Steve Walsh
Founder, Hands On Angel
P.S. Want actionable strategies to ace your next investor meeting? Join The Funding Accelerator and take control of your fundraising journey! š