In his introductory remarks for the Angel Investments panel, investor / consultant Mike Suchsland commented
on the qualities of successful tech entrepreneurs, highlighting their «scrappiness», a quality that he thinks is somewhat indefinable, but relates to founders» dedication, perseverance, openness to feedback, and willingness to change —
strategies, even entire
business models — in order to make and execute
on critical
pivots in the life of a
business.
Not long ago,
on - demand package pickup Shyp closed its doors, saying it had failed to achieve critical mass for its explosive growth
strategy and a last - minute
pivot to
business customers was too little, too late.