“In december 1996 porat is replaced as chief executive now the company does pivot it turns into a voice recognition company”
GM
General Magic
Great Business Stories ·
How I Invest with David Weisburd · E438: Will Robbins on Elon Musk, AI & the Future of Silicon Valley
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pivoted companies into adjacent or related markets after initial idea
50% of portfolio companies pivoted; all successful pivots were into adjacent spaces
“In december 1996 porat is replaced as chief executive now the company does pivot it turns into a voice recognition company”
“One of our strategic initiatives is to take our best ideas on the private market side and bring those to the wealth channel… We have a huge exposure to retail investors and deep relationships in those distribution channels.”
“You type in a few words about your business, and it gives you related searches, plus a rough idea of how many people search for them each month.”
“We came up with an idea for this particular industrial company and they go, no… could that work with this other company? … we call that company and say…”
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