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by betashop
4932 days ago
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Hi. @betashop here, CEO of Fab. Happy to answer any/all questions. With regards to the "was it a pivot" comments below. Fab was first fabulis, for 13 months. We built a ton of product and a small but loyal following. We then shut it down to pursue our passion. That's a pivot. Regarding Fab's 2nd pivot in 2012, we pivoted our business from a drop-ship model to an inventory model. That's quite a pivot. |
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A pivot is named as such because your business is keeping one foot in the ground while changing direction. This is done after testing your initial assumptions, normally with no more than an MVP.
This might just be semantics, but it seems like a significant difference to me.