Dalton Caldwell - All About Pivoting

[@chapterme]

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

[@farrukhbhatti8246]

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."

[@entrepreneurnit5989]

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)

[@knaraya]

All the successful pivots mentioned in this talk have one thing in common - very high founder market fit score post pivot.

[@lukewarmgains]

what about magic

[@SergeiGolubev]

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».

[@blackblather]

These Y Combinator videos are priceless. Love 'em

[@lukmanwealth9546]

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.

[@TheLegendSpeaker]

How did it go? What happen to your startup?

[@georgeeeeeeeee8110]

Any update on your startup?

[@maxencesnoy9667]

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?

[@dannykalman]

EXCELLENT. Thank you for posting this. Also from such a respectable, experienced, trustworthy source! Awesome.

[@TechwithLawrence]

I wished I found this video 3 years ago. Thanks for these videos!

[@chuhaoliu5050]

Awesome video! It's interesting to find the happy median between not giving up and pivoting

[@omranashing]

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.

[@daniel....]

Fantastic talk, one of the best I’ve ever seen!

[@edgy4925]

Not sure how I missed this one. Great examples for the successful pivotes!

[@SuperKillaki]

Dalton’s awkward laugh is so pure

[@thanatosor]

It's wise to move on a newer, more exciting ideas if it's better, faster to make than improve current idea.

[@jacob_mp]

This material is magnificent.

[@spineintellabs4215]

When I hear Pivot, I think about Russ in Friends lol. Great video

[@despitecovid283]

how can people get accepted into YC when they haven't even had PMF? I'm so confused!

[@betterman_me]

This is golden.

[@novapowell6976]

I had an interview with Dalton for YC. Unfortunately did not get selected :-(

[@YuriyBraterskyy]

How’s your startup so far?

[@DileepaRanawake]

Does anyone have a link to the original magic hacker news post that Dalton mentions (around 24:05)?

[@tigrevolants]

It just blow my mind ! :) Thank you

[@bccoleman8678]

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..

[@bccoleman8678]

Similar to the other companies?

[@ben6]

The founders exited a $30m fintech previously

[@duncanhaywood4624]

Great advice! Thank you 🙏🏼

[@thanatosor]

"You know in your heart its not going to work"

[@andresguraieb1947]

Awesome talk!

[@lokeshagarwal8655]

Gold.

[@SamSam-yx4xq]

If youre reaaaaalllly innovating, it SHOULD not be super easy to ship.

[@adk12357]

I like startups ^^

[@Daily_Peptalks]

#MGMT1328885 I get this! Useful, simple and easy to understand. Yay! 1006

[@lexesco]

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! “

[@upsidedownChad]

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.

[@funny6410]

yes

[@bennyahmat4842]

👏👏👍

[@harshilrastogi]

Ross from F.R.I.E.N.D.S should be able to explain better when it comes to pivoting.

[@cliffhregis]

close but... this guy is actually Ted Mosby from "How I Met Your Mother" ;)

[@zzzggg388]

Dalton really just talking about app.net . I remember the arrogance of his company.

[@MikoGarrido]

I checked this out - I don't see Dalton on the "Team" page. Could you elaborate?

[@AshlarPhoenix]

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.