Accel Events thrived by pivoting to a virtual events platform during COVID. However, this new reputation hurt them when the market returned to in-person events. They were no longer seen as a viable in-person solution, forcing another costly product and brand rebuild to recapture their original market.

Related Insights

Birdies was founded as an indoor-only slipper brand. When customers began wearing them outside, founder Bianca Gates had to abandon her original vision. The company's massive growth came only after she surrendered and pivoted the product to meet this unexpected user demand.

Preparing a company for acquisition can lead founders to make short-term decisions that please the acquirer but undermine the brand's core agility, setting it up for failure post-sale. The focus shifts from longevity to a transaction.

In today's fast-moving environment, a fixed 'long-term playbook' is unrealistic. The effective strategy is to set durable goals and objectives but build in the expectation—and budget—to constantly pivot tactics based on testing and learning.

When a brand name becomes a generic verb (e.g., "a Zoom meeting"), it creates immense awareness but can also trap the brand in its initial product category. This makes educating the market about a broader portfolio of offerings a significant challenge, turning the brand's greatest strength into a double-edged sword.

The Browser Company's pivot required spending the "trust points" they'd built with their team and community. Leaders must be prepared for this painful drawdown and the internal/external backlash, even when they have high conviction in the new direction. It's a necessary but difficult part of a major strategic shift.

During the COVID crisis, with revenue at zero, Accel Events pivoted to virtual events by selling a product that didn't exist yet. They created mockups, sold with the confidence they could build it, and then developed features only after customers signed up. This rapid, customer-funded development saved the company.

Deciding to pivot isn't about perseverance; it's a cold, rational decision made when you've exhausted all non-ridiculous ideas for success. The main barrier is emotional—it's "fucking humiliating" to admit you were wrong. The key is to separate the intellectual decision from the emotional cost.

When COVID-19 invalidated its revenue plan, Nextdoor's GM used a pre-existing worst-case scenario to pivot the product strategy. The focus shifted from subscriptions to features that provided immediate cash flow to local businesses (e.g., gift cards), enabling a quick, board-aligned response to the crisis.

At $1.5M ARR, Briq pivoted from its successful RPA tool to a forecasting product to satisfy VCs who wanted daily active users. The new product was a disaster and was killed within two years, forcing a return to their proven, automation-focused roots.

Before a major business pivot, first identify what can be let go or scaled back. This creates the necessary space and resources for the new direction, preventing overwhelm and ensuring the pivot is an extension of identity, not just another added task on your plate.