I think they are interpreting pivots as a sign that the founders and/or investors wanted to change direction, because the previous direction wasn't succeeding.
I'm all for small, sustainable sites which provide a service and don't try to monetise too desperately. But when you take $50 million in VC funding, surely the founders know they're boarding the ten-times-return-or-bust train?
I'm all for small, sustainable sites which provide a service and don't try to monetise too desperately. But when you take $50 million in VC funding, surely the founders know they're boarding the ten-times-return-or-bust train?