fascinating article. It looks like Color raised a lot of money, then launched and found out why customers didn't want it, and now they are trying to pivot. Basically the opposite of what YC and 37signals recommends.
For the record, YC doesn't push any particular ideology as hard as 37signals does. And if you were to ask PG, I think he'd say that different things work for different companies and founders. Running out of money before capitalizing on a profitable business model is the most common way that startups die. So launching quickly, raising money, and pivoting are all good things.
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fascinating article. It looks like Color raised a lot of money, then launched and found out why customers didn't want it, and now they are trying to pivot. Basically the opposite of what YC and 37signals recommends.
For the record, YC doesn't push any particular ideology as hard as 37signals does. And if you were to ask PG, I think he'd say that different things work for different companies and founders. Running out of money before capitalizing on a profitable business model is the most common way that startups die. So launching quickly, raising money, and pivoting are all good things.
oh I see. For some reason I thought Jason Fried and pg were completely on the same wavelength when it comes to startup methodology
It's a costly path only few can afford to take, funded by the other few who believe that big bangs can happen overnight.