Evidence receipt / evaluation
Published · transcript-backedMark Cuban: evaluation
29 Mar 2024 Lex Fridman Podcast #422 – Mark Cuban: Shark Tank, DEI & Wokeism Debate, Elon Musk, Politics & Drugs
“Now, if you didn’t do your homework and you go out there and you sell whatever it is and you’ve raised money or whatever, just to pivot, you’ve already shown that you haven’t been able to read the market. And so it’s not that pivots can’t work and always don’t work.”
Source trail
Everything needed to verify it.
- Speaker
- Mark Cuban
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 29 Mar 2024
- Publisher
- Lex Fridman Podcast
Transcript context
…So you think in the beginning, the product you have should be the thing that carries you a long time. Yeah, because that’s your riskiest point in time. And so if you’ve done your homework, which includes going out there and testing product market fit, you should have confidence that you’re going to be able to sell it. Now, if you didn’t do your homework and you go out there and you sell whatever it is and you’ve raised money or whatever, just to pivot, you’ve already shown that you haven’t been able to read the market. And so it’s not that pivots can’t work and always don’t work. They can, but more often than not, they don’t. You pivot for a reason. That’s because you made a huge mistake. Well, I also mean the micro- pivots, which is iterative development of a-…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.