Tags
Current idea
No-code internal tool builder
How they found the new idea
Brainstorming and tinkering: Thinking about their past unique experience and problem they’ve run into personally.
Original idea
Venmo for the U.K. called Cashew
Reason for pivot
Low retention
References
https://retool.com/startups/playbook/retool-founding-story-david-hsu https://www.ycombinator.com/library/6p-all-about-pivoting
The story
“At that point, Retool was at YC and we were this tiny company, and so we just tried finding other tiny companies that had product-market fit and needed internal tools. Out of 200 YC companies, we identified maybe five. So we approached them, and they wanted to use it. And then they actually started using it. And so that was the main thing for us to know it was working—there was usage.” —David Hsu, founder and CEO
Time to pivot
3 months
What they kept from the original idea
Nothing