Just as "make a bookstore" isn't the key to success, I don't believe you can say "pivot a lot" or "trial and error" is the key to success either. Plenty of startups pivot and run out of runway.
So what then is the secret sauce?
So what then is the secret sauce?
Generally big payouts don't come from a sure thing; you have to take multiple risks that could potentially have big payouts and survive long enough for one or more of them to pan-out.
Edit: for formatting
Right time and place, luck, skill and money in varying relative quantities. People focus on the skills, not unimportant by all means, but it is not the secret sauce.