4.8 • 31.1K Ratings
🗓️ 30 January 2020
⏱️ 17 minutes
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0:00.0 | Hey, Prime Members, you can listen to how I built this early and ad-free on Amazon Music. |
0:07.0 | Download the app today. |
0:09.0 | New Year's is here, and with it brings the possibility of change. |
0:13.0 | As one behavioral scientist put it, first starts are really powerful. |
0:17.0 | So as you head into 2023, LifeKit is a great resource to help you plan your life and tackle changes, both big and small. |
0:24.0 | Listen to the LifeKit podcast from NPR. |
0:30.0 | Hey everyone, so today we've got another one of my conversations from the how I built this summit that happened in San Francisco last October. |
0:38.0 | And you know, in the world of startups, one of the most difficult moves to pull off is a pivot to maneuver out of your first idea into something that might have more potential. |
0:48.0 | And Stuart Butterfield, he pulled this off not once, but twice. About 70 years ago, out of the ashes of a failed video game, |
0:57.0 | Stuart launched Slack, an office collaboration tool that now has 12 million daily users. |
1:03.0 | But before Slack, back in 2004, Stuart was struggling to get traction with another video game called Game Never Ending. |
1:11.0 | He wound up shedding that one down two, but out of that failure, he was able to launch a photo sharing site called Flickr, which he sold just a year later for around $20 million. |
1:22.0 | So when I sat down with Stuart on stage, I asked him about both of those pivots, starting with the first one from Game Never Ending to Flickr. |
1:32.0 | There was a point, and you talk about this in the podcast, where you had to decide whether to drop all of this work on this computer game. |
1:42.0 | Like more than a year, I think two years of work on this game and pivot to the photo sharing site. And there was a debate, an internal debate. |
1:49.0 | I wonder, how did you know that that was the right thing to do? Because our instinct would tell us to push forward and to keep going. |
1:59.0 | Like that's what we think we're supposed to do to just carry on and march forward. |
2:05.0 | Yeah, there's a lot of advice that's just persevere grit, resilience, gotta keep going in the face of adversity over and over. |
2:12.0 | But there is definitely a point where either you know it can't work or kind of like the reverse manifesting of, I don't believe any more that this could work, which makes it very unlikely. |
2:24.0 | If the person leading the project doesn't believe it can work, it would be a weird fluke for it to actually to work out. |
2:32.0 | But we were just out of money and it would have been a much more difficult complex project to complete the game. |
2:39.0 | It would have taken us a minimum of another year, but probably realistic and closer to two more years. |
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