The Peel(@ThePeelPod):From @jmj on why more founders should pivot, and why you should pivot hard: "In the last five years I've probably had more phone calls with founders around the should-I-pivot conversation. And the one thing I've heard 100% of the time is, 'I didn't know that I could have this conversation with my investors.' I think it was seen as a sign of weakness. Or maybe you're worried, are we losing faith in the company? Does this mean we won't be able to raise the next round? On those calls I always say you should consider pivoting the company if it's at all a thought in the back of your mind. Most of the time the conversation starts with you're getting the same investor update for two quarters in a row. None of the metrics are moving. There’s small iterations on the idea, and there's nothing that's gonna profoundly change the business from where it is today. More investors should have that conversation. It creates a lot of trust with you and the team. But most of the time they're really excited to have it. And in probably every single case they have ended up pivoting the company. That just shows the team knows already that they need to pivot. They just haven't been able to come to terms with it, either internally or with their investors. Every month you're spending time on the wrong idea is a bad use of your time and capital as a founder. Especially right now, when you have so many things that you can build. You should not waste any time. Go work on really important problems, as opposed to being stubborn about the thing you pitched in your deck."

2026.09.17 17:28

From @jmj on why more founders should pivot, and why you should pivot hard: "In the last five years I've probably had more phone calls with founders around the should-I-pivot conversation. And the one thing I've heard 100% of the time is, 'I didn't know that I could have this conversation with my investors.' I think it was seen as a sign of weakness. Or maybe you're worried, are we losing faith in the company? Does this mean we won't be able to raise the next round? On those calls I always say you should consider pivoting the company if it's at all a thought in the back of your mind. Most of the time the conversation starts with you're getting the same investor update for two quarters in a row. None of the metrics are moving. There’s small iterations on the idea, and there's nothing that's gonna profoundly change the business from where it is today. More investors should have that conversation. It creates a lot of trust with you and the team. But most of the time they're really excited to have it. And in probably every single case they have ended up pivoting the company. That just shows the team knows already that they need to pivot. They just haven't been able to come to terms with it, either internally or with their investors. Every month you're spending time on the wrong idea is a bad use of your time and capital as a founder. Especially right now, when you have so many things that you can build. You should not waste any time. Go work on really important problems, as opposed to being stubborn about the thing you pitched in your deck."

Turner Novak 🍌🧢@TurnerNovak

2026.09.17 13:52

New @ThePeelPod with @jmj at @chapterone We talk about building a venture firm like a product, why round labels are dead, the reason picking rates have fallen, consumer AI, delivering flowers door-to-door in Kansas, taking down Tinder with a push notification, how none of his Fund 1 returners were in the Bay Area, and why Ch 1 never announced their $64M Fund 3. Full episode here + links below. 0:00 Publishing IC notes every week 3:45 Do round names matter anymore? 8:20 Putting a big check into Erebor's $2B round 11:40 Why deep tech went from instant pass to preferred in 3 years 15:30 When deep tech companies should raise debt 19:00 Should this company raise $1M or $100M? 23:25 You have two days to say yes 25:55 The sourcing software he built at Tinder 28:05 Their crypto book hit 22x, then the market turned 30:55 Paradigm, SendCutSend, and re-founding a firm 33:35 If you're going to pivot, re-found the company 37:25 Flex's wedge was too illegible to fund 40:10 When should you actually pivot? 42:45 Zaarly, the Uber for everything 45:15 Moving to Kansas City with a bag of clothes 47:25 Delivering flowers door-to-door 51:30 Raising a $64M Fund 3 and not announcing it 56:30 Joining Tinder as employee 50 57:35 The push notification that took down Tinder 1:00:55 Why you shouldn’t start a dating app 1:04:15 Consumer got too predictable 1:08:55 Consumer AI economics look worse than enterprise 1:10:35 Supabase and the non-human customer 1:13:00 Launching Chapter One from his Tinder desk 1:15:05 50 experiments per fund cycle 1:16:10 Product Club, the world's smallest accelerator 1:19:00 Evolving portfolio construction between funds 1:21:25 Why picking rates have fallen 1:24:40 Smaller funds can invest in illegible categories 1:27:40 Zero Fund 1 returners were in the Bay Area 1:29:35 Don't compete with Sequoia at Seed 1:32:00 His grandfather built Mervyn's

커뮤니티로 전달