Chapter
Knowing When to Stop and Pivot in Business
27:05 - 35:08 (08:03)
In order to succeed in business, it's important to be aware that most successful ventures involve pivots or shutting down something that's not working. While there isn't a surefire way to know when something needs to be stopped, successful founders tend to be calm under pressure and aware of when it's time to pivot.
Clips
The speaker recounts bringing their own computer to a startup job and learning from the brilliant founders, Evan Williams and Noah Glass, while working on a podcast directory that may have been ahead of its time.
27:05 - 29:31 (02:26)
Summary
The speaker recounts bringing their own computer to a startup job and learning from the brilliant founders, Evan Williams and Noah Glass, while working on a podcast directory that may have been ahead of its time.
ChapterKnowing When to Stop and Pivot in Business
Episode#369: Kevin Systrom — Tactics, Books, and the Path to a Billion Users
PodcastThe Tim Ferriss Show
The founder of Medium, Ev Williams, is determined and hardworking with a calm demeanor.
29:31 - 31:22 (01:50)
Summary
The founder of Medium, Ev Williams, is determined and hardworking with a calm demeanor. He values blogging and communication and emphasizes on the importance of working hard.
ChapterKnowing When to Stop and Pivot in Business
Episode#369: Kevin Systrom — Tactics, Books, and the Path to a Billion Users
PodcastThe Tim Ferriss Show
Successful startup ventures often require pivoting or shutting down something that isn't working.
31:23 - 33:53 (02:30)
Summary
Successful startup ventures often require pivoting or shutting down something that isn't working. Entrepreneurs can learn from pattern recognition and successful CEO models to know when to pivot or end a project, and putting in the work ethic required to innovate is key to achieving ultimate success.
ChapterKnowing When to Stop and Pivot in Business
Episode#369: Kevin Systrom — Tactics, Books, and the Path to a Billion Users
PodcastThe Tim Ferriss Show
The history of successful companies can teach valuable lessons for entrepreneurs, including the importance of pivoting from an original idea and quickly adapting to feedback from customers.
33:53 - 35:08 (01:15)
Summary
The history of successful companies can teach valuable lessons for entrepreneurs, including the importance of pivoting from an original idea and quickly adapting to feedback from customers. Researching the origins and evolution of major companies like YouTube and Facebook can provide insights into the key factors for success in the business world.