Clerico: A Startup Pivot Means You Failed as an Entrepreneur
Bill Clerico · 20VC: Why We Are Still In The Very Early Days For Fintech, Why Your Company Has To Have An Opinionated Culture & Why The CEO Should Not Be The Sole Point Of Contact With The Board with Bill Clerico, Founder & CEO @ WePay · May 5, 2017 · at 13:35
Bill Clerico is the co-founder and CEO of WePay. He discusses the reality behind startup jargon like pivoting while sharing lessons from WePay's business transition.
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“We in Silicon Valley use this term pivot as this catch-all Friendly term to just say, Hey, we're going to change our business strategy. But what it actually means is that you've failed as an entrepreneur. You know, you've, your strategy, your mission, your objective, your product was wrong and that you have to, you now have to do something entirely new and take an entirely new bet.”
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