More on those billion dollar tech startups

Steve Blank points out that the study on billion dollar startups was wrong - that in fact most of those startups did pivot:

A Pivot is not just changing the product. A pivot can change any of nine different things in your business model. A pivot may mean you changed your customer segment, your channel, revenue model/pricing, resources, activities, costs, partners, customer acquisition – lots of other things than just the product.