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Closing Myrror — Part II: Technology (Mostly) Doesn’t Matter

  • Technology may not matter as much as initially believed, as solving a big pain with game-changing technology is crucial while investing minimum resources elsewhere is advisable.
  • The focus on technology alone may not suffice, as evidenced by a startup's experience of developing security tools post-SolarWinds breach without much urgency in the market.
  • Despite building innovative tech, Myrror faced challenges in gaining market adoption and realizing the daily value proposition, stressing the importance of addressing users' immediate needs.
  • The key takeaway for startups is to pivot early if market traction is not achieved, as time and resources are limited for success in the competitive landscape.

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