[The Turning Point] From multiple pivots to an investor backing …

Sep 18, 2021 · In this week’s Turning Point, we feature PharmEasy, the healthtech startup that turned into a unicorn earlier this year. Sindhu Kashyaap 4239 Stories Saturday September 18, 2021 , 3 min Read

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Feb 18, 2022 · [The Turning Point] From multiple pivots to an investor backing out, how unicorn PharmEasy found its niche ... “Four years back, the thesis was that we will invest at $100 …

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As of August, Overplay had raised over $1 million from nearly 900 investors on Wefunder. News. ... I went out to the firms multiple times a year, talked to multiple people within the firms, and …

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FAQs about [The Turning Point] From multiple pivots to an investor backing … Coupon?

What is the pivot point for backing and turning?

The pivot point for backing and turning is the door post. When backing and turning, you should look in the direction you are turning. The accepted procedure for backing straight is to place one hand on the steering wheel at the 12 o'clock position and look over the right shoulder. One hand steering is acceptable when backing the vehicle. ...

Should you pivot when a startup enters financial turmoil?

Despite this, all founders are bound by the capital they have to invest in their startup. Making a pivot when a startup enters into financial turmoil can be a way to get back on track. To start, enlist a team to work with you to take an objective lens over your business model to understand what is working and what is not. ...

What happens when a founder announces a pivot?

Once a founder has announced their pivot it is essential to fully commit to the plan. When founders falter, they lose respect, trust, and buy-in from their valued stakeholders. A pivot should be seen as a fundamental change to business as usual. A ivot is not a new product launchi or developing a new income stream. ...

What is a business pivot?

A business pivot is not a quarterly or annual activity, it’s a tool to be used when all other avenues are pointing to failure. Startups that shift too frequently and without a clear strategy are much more likely to fail. Craft you plan with data and review it. ...

Is pivoting a good decision for a startup?

Yes, pivoting can be a useful decision for a startup that’s encountered a roadblock and can go no further. However, if you pivot your company in a new direction without much thought as to where you’re going next, there’s a strong possibility that you’ll hit yet another roadblock, just under different circumstances. ...

How do you pivot a business?

Define your current position and goals: Before you can successfully pivot, it's essential to have a clear understanding of where you currently stand and what you hope to achieve. Take the time to evaluate your business or career objectively and identify any areas that may need improvement or redirection. Are there new markets you want to tap into? ...