> and not shut down after 2–3 years after pivoting three times.
An important part of running a business is taking a risk.
Furthermore, plenty of businesses fail for reasons that have little to do with the economic value / needed functionality of the product. In some cases, it takes a similar company with subtle differences (or even timing) to really understand why one business failed and a different succeeded.
(One very bad example could be the difference between Sega and Nintendo in the 1980s and 1990s. Compare the NES to the Master System, the SNES to the genisis, and the Game Boy to the Game Gear.)
(Another example can come from comparing Tesla to the dozens of other electric car startups.)
An important part of running a business is taking a risk.
Furthermore, plenty of businesses fail for reasons that have little to do with the economic value / needed functionality of the product. In some cases, it takes a similar company with subtle differences (or even timing) to really understand why one business failed and a different succeeded.
(One very bad example could be the difference between Sega and Nintendo in the 1980s and 1990s. Compare the NES to the Master System, the SNES to the genisis, and the Game Boy to the Game Gear.)
(Another example can come from comparing Tesla to the dozens of other electric car startups.)