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Earlier quoted context omitted.
Then he started another game company which became Slack!
The guy doesn’t sound like he’s that good at game companies, still should probably continue though
It could depend on what is considered 'a pivot'. Some companies start out with grandiose plans only to find out that they don't have enough money or other resources to develop, market, and support 'Plan A'. So they take a piece of what they already have working and build a product around that to 'prime the pump'. Before they know it, the pump primer turns into 'Plan B' and they never get back to the original plan. I…
They saw the rise of Crypto Kitties, and how people were buying and selling them online. They pivoted mid YC batch into building an NFT marketplace called Opensea.
The founders had an idea for a database hosted on the web(?), and pitched it to some VCs. They had been working on it as a side gig.
Naturally, the VCs asked: did you do it on company time? Did you communicate via the company's email system?
Nope, came the answer. We thought about that and built this email system to exchange messages while we worked on the product.
And the VCs eyes lit up: tell us more about this email system!
Brex went from virtual reality goggles -> corporate finance saas They basically started on the billing system for their VR and decided to pivot to that.
Was it googles? I thought they were building a development environment in VR. But I can't find any reference.
Slack is a great story. Basically a tool they built in-house, the company were going bust and they realised that the "tool" had some value and out popped Slack https://review.firstround.com/From-0-to-1B-Slacks-Founder-Sh...
Slack is a great story. Basically a tool they built in-house, the company were going bust and they realised that the "tool" had some value and out popped Slack https://review.firstround.com/From-0-to-1B-Slacks-Founder-Sh...
Funny thing is this was the second time Stewart Butterfield tried to build a massively multiplayer game and pivoted the company. The first one was Flickr! https://en.wikipedia.org/wiki/Stewart_Butterfield