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Reid Hoffman On PayPal's Pivoted Path To Success | Fast Company

Stashed in: @reidhoffman, Lean, Peter Thiel

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Do you think the pivot approach is still feasible in the current tech environment? Start ups seem to need a clear direction and business model up front to attract funding... and I can't see pivoting as an option for many... are there examples of relatively new companies who have done this ?

Flickr was a pivot.

Twitter was a pivot.

Groupon was a pivot. was a pivot.

Instagram was a pivot.

Chill was a pivot.

Those last three startups pivoted at seed stage.

Pivot is part of the lean methodology. Eric Ries' book explains the framework.

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