Pivots, Funding, Valuation and Purpose
For entrepreneurs, particularly those starting out on this road for the first time, the word "pivot" might evoke panic. Potential perception is one factor that makes altering the direction of your company intimidating. However, users are familiar with pivots. They've seen it all before, and depending on how you manage it, their responses can differ dramatically. Why pivot early? Pivoting early allows entrepreneurs to adapt and respond to market feedback and changing circumstances. It enables them to fine-tune their business model, identify new opportunities, and avoid wasting time and resources on a path that may not lead to success. Additionally, pivoting early can help entrepreneurs attract funding and investors, who are more likely to support a company that demonstrates agility and the ability to evolve. Fund Raise You must first be honest with yourself and decide why you are starting a fundraising campaign. Are you pursuing this for the praise? Has someone ...