Is it common for VC firms to keep pivoting their thesis and focus areas?

Now it seems “headless marketplaces” are where certain funds are doubling down on. Previously it was points, and before that generically consumer social.

Seems better to have a core thesis vs just ride the current hot thing?

cma.xyz. Founder /paragraph, ceo /mirror, previously at Google & Coinbase 

dont think variant is pivoting. they are just highlighting an area they are excited about

i described the same concept a few weeks prior - "UI layer composability"

https://multicoin.capital/2024/01/16/what-multicoin-is-excited-about-for-2024/

Cofounder, Managing Partner @ Multicoin Capital