What are some examples of successful startup pivots?
Some notable examples include Instagram, which started as a check-in app called Burbn, and Slack, which was originally a gaming company.
How did these pivots impact their growth?
These pivots allowed them to focus on more viable markets, leading to massive user growth and eventual acquisitions.
What are the key factors that contribute to a successful pivot?
Key factors include understanding market needs, being flexible, and having a strong team to execute the new vision.
Can you give me a recent example of a startup pivot?
Sure! A recent example is the company Clubhouse, which shifted from a social audio app to a more community-focused platform.
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