Dalton Caldwell - All About Pivoting
ฝัง
- เผยแพร่เมื่อ 6 มิ.ย. 2024
- YC Partner and Head of Admissions Dalton Caldwell talks about pivoting for startups and shares his advice on when and how founders should consider it for their companies.
Transcript and lecture slides here: www.ycombinator.com/library/6...
This lecture is part of YC's Startup School, a free online program and global community of founders. Register and join the community at www.startupschool.org/
Chapters (Powered by bit.ly/chapterme-yc) -
0:00 Introduction
0:29 What is a "pivot"?
1:54 Why pivot?
3:09 Good and bad reasons to pivot
4:51 People wait too long to pivot
8:57 Product/market fit
10:09 Finding a better idea
14:27 The best time to pivot
16:41 Scoring ideas
18:41 Real-world examples
26:50 Conclusion - วิทยาศาสตร์และเทคโนโลยี
![ไม่ต้องมีที่ที่ให้ฉันอยู่ แต่ขอแค่มีฉันอยู่ก็พอ (Spaceless) - getsunova [SHORT FILM]](http://i.ytimg.com/vi/MuT0d_cvJkc/mqdefault.jpg)
Chapters (Powered by ChapterMe) -
00:00 - Introduction
00:18 - Pivoting overview
00:28 - The term 'Pivot'
01:54 - Why pivot?
03:10 - Good reasons to pivot
04:10 - Good reasons not to pivot
04:49 - Why people take too long to pivot
06:45 - Little bit of traction thing
07:38 - Anecdotes
08:57 - Reminder about product market fit
10:10 - How to find a better idea
12:15 - Its OK to not work an idea that requires venture capital
13:10 - Venture vs non-venture scale ideas
14:28 - When is the best time to pivot
15:24 - More pivoting thoughts
16:42 - Idea quality scores
18:47 - Brex (YC W17) Overview
19:18 - Brex pre-pivot
20:19 - Brex post-pivot
21:29 - Retool (YC W17) overview
21:47 - Retool pre-pivot
22:31 - Retool post-pivot
23:14 - Magic (YC W15) overview
23:24 - Magic pre-pivot
24:00 - Magic post-pivot (news.ycombinator.com/item?id=9087819)
24:59 - Segment (YC S11) overview
25:13 - Segment pre-pivot
26:00 - Segment post-pivot
26:52 - In summary
Wonderful talk - "Only add people to your team, once you are sure that the idea is working, enough traction. A little traction is not enough for this."
EXCELLENT. Thank you for posting this. Also from such a respectable, experienced, trustworthy source! Awesome.
Awesome video! It's interesting to find the happy median between not giving up and pivoting
These Y Combinator videos are priceless. Love 'em
All the successful pivots mentioned in this talk have one thing in common - very high founder market fit score post pivot.
what about magic
I really like your analogy with dice, Dalton - «it's much easier to be lucky when you get half a dozen shots on goal than one».
I wished I found this video 3 years ago. Thanks for these videos!
Not sure how I missed this one. Great examples for the successful pivotes!
Fantastic talk, one of the best I’ve ever seen!
Note to self:
1. Find very *interesting and profitable* problems (or projects) to solve
2. Hire or work with very *smart and nice people* on problems (or projects)
Great content!
In the end, it comes down to scoring each idea on
Desirabilty - lost of people want it really bad?
Feasability - can we start quickly & be the best tomorrow?
Viability - can we make money & grow?
This advice hits on me. I'm in a situation that I planned launching a startup this week but after talking to more users. I realized i'm not doing it right so I paused to pivot it.
How did it go? What happen to your startup?
Any update on your startup?
This material is magnificent.
Great advice! Thank you 🙏🏼
Awesome talk!
It just blow my mind ! :) Thank you
Sooo much valuueeee, had to fucking pause and play and pause and rewind cuz i wanted to fucking hear and remember each fucking thing Dalton said.
I am fan of this guy now.
Dalton’s awkward laugh is so pure
This is golden.
Does anyone have a link to the original magic hacker news post that Dalton mentions (around 24:05)?
When I hear Pivot, I think about Russ in Friends lol. Great video
Gold.
how can people get accepted into YC when they haven't even had PMF? I'm so confused!
It's wise to move on a newer, more exciting ideas if it's better, faster to make than improve current idea.
I had an interview with Dalton for YC. Unfortunately did not get selected :-(
How’s your startup so far?
#MGMT1328885 I get this! Useful, simple and easy to understand. Yay! 1006
I like startups ^^
yes
So with the original very low 1-10 scores for Brex, how did they get into yc in the first place? Gun founders or mistake..
Similar to the other companies?
The founders exited a $30m fintech previously
"You know in your heart its not going to work"
👏👏👍
The Brex pivot is crazy! These guys were probably thinking “lets do something crazy now we have some money out of fintech!”. Followed by “no F this lets head back in the comfort zone and build something huge and familiar! “
That's exactly what Henrique Dubugras said in a podcast lol first he thought building another Fintech Company would be too easy but that they just pivoted to it since they already knew everything about it.
If youre reaaaaalllly innovating, it SHOULD not be super easy to ship.
Ross from F.R.I.E.N.D.S should be able to explain better when it comes to pivoting.
close but... this guy is actually Ted Mosby from "How I Met Your Mother" ;)
Dalton really just talking about app.net . I remember the arrogance of his company.
I checked this out - I don't see Dalton on the "Team" page. Could you elaborate?
Mainly good advice, and some great info. But... you’re a YC partner, and... like, no one has ever trained you in public speaking? You could be so much more powerful, dude.