tl;dr: today, I am launching my new company: Pivotal AG.
Long version: Last week we presented a new ownership structure with an extensive management buy-in at my last venture Allthings. Now it is to announce what I will be doing in addition to my mandate as Chairman of the Board of Directors at Allthings.
History plays a role here: founding and scaling four tech start-ups and working with hundreds of other tech entrepreneurs over the past 23 years have taught me one thing above all: in 9 out of 10 cases, the actual development of a venture deviates fundamentally from the original plans. In two thirds of such entrepreneurial journeys, things even deteriorate once to the point of a possible complete failure.
Pivoting – a fundamental reorientation of the business model – is regularly a necessity in tech ventures; however, it is also very challenging for founders, board members and investors. I have experienced this myself several times, both professionally and personally.
Systematically executed pivots, on the other hand, almost always offer unexpected opportunities to set up a company and its employees in a truly sustainable and aligned way – and to prevent a massive loss of assets and of blood, sweat and tears.
After observing the challenges faced by many others in such pivot situations, I decided to make “effective pivoting” my mission: Pivotal is a data-driven company that offers founders, board members and investors systematic support before or in pivot situations, until a company has found its home itself or through M&A in a new setup.
Find out more here:
At Allthings, I will remain Chairman of the Board of Directors, more than ever: in collaboration with Pivotal, I will drive forward the consolidation and integration of the tech world in the real estate sector.