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Accelerators

Should your Startup/Scale-up Join an Accelerator

The tech startup accelerator industry is booming. Y Combinator implemented the first accelerator model in Cambridge more than a decade ago. Today, the industry consists of more than 400 accelerators around the globe, with Europe leading the pack. An accelerator is a rapid-growth environment packed with resources designed to take startups from adolescence to adulthood. Typically, accelerator members have a minimum viable product in place and are given special access to mentors, advisors, and funding opportunities. According to the Global Accelerator Report, more than 8,000 startups across five major regions — the United States and Canada, Latin America, Europe, the Middle East, and Asia and Oceania — raised a whopping $191 million via accelerator programs in 2015. With so much cash available, many founders are wondering if now is the right time to join an accelerator program. Questions to Ask Before...

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Benefits of Networking in Startup

Business networking is something that can help you reach more clients, knowledge, and eventually attain business growth and increase the profits. It is normal and even an important part for business scaleup where people share their success and mistakes with other businessmen. And for getting new clients, growing your business and even understanding where not to go wrong or what to do to grow your business faster, you would need to start networking before you initiate your business plan. With this, you would be able to build a sustainable business. While startup entrepreneur works hard towards building a scalable business, from an idea stage; the journey is sometimes hard and bound to expect some failures on the path of the success. We will look at the different aspects mentioned above and see the larger impact of networking. Generation of Referrals This...

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How Covid-19 Has Impacted The Global Startup Ecosystem

Even though the global startup economy remains large, generating nearly $3 trillion in value, it is being battered by the Covid-19 crisis. Even before the pandemic erupted, the situation was far from ideal with inclusion remaining a fundamental challenge, value generation concentrated in a handful of cities and tech giants such as WeWork and Softbank faltering. The unexpected arrival of the coronavirus has now resulted in startups experiencing a drop in consumer demand and VC investment that have resulted in a wave of layoffs. That's according to the latest Global Startup Ecosystem Report from Startup Genome which states that the Covid-19 crisis could prove a "mass extinction event" for startups. In the first three months of the year, VC funding plunged 20% globally and 50% in China. Demand has also dropped like a rock for most new...

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Do we really need to invest in Startups?

Do we really need to invest in Startups?

In a lot of ways, the willingness for individuals to embark on the startup journey – whether it be as founders, team members or investors – is a willingness to believe in tomorrow. The very human motivators of fear and greed are inevitably intertwined into the decision to invest, but the return on investment can be much more than fiscal. Startups are hyper-innovators driven by crazy ambition and insight to charge into the unknown. Mature organisations of course have innovation agendas – whether they involve significant research and development budgets or corporate innovation frameworks – but often the core DNA of these cultures are missing. The fundamental alignment of the individual and the outcome means that it’s difficult to replicate the innovation pressure-cooker of a startup in a larger organisation, without that methodology being part of its...

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Leveraging Strengths via Corporate Innovation

Large corporations recognize the vast potential of working with startups, which has led to a boom in venture builders, venture clients, and corporate accelerators. These initiatives spur innovation, helping corporations innovate and evolve to stay competitive in a rapidly changing market. According to Harvard Business Research, the number of corporate investments in startups tripled from 980 in 2013 to 2,795 in 2018, with their total value growing from $19 to $180 billion. Today, 75% of Fortune 100 companies have an internal venture capital arm, like a startup accelerator. Corporations can benefit from accelerators in 5 different ways: Launching a program quickly and cost-effectively: by partnering with accelerators, corporations can quickly enter the acceleration business and adopt best practices developed by accelerators over years of operation.Enhancing deal flow: by accessing an accelerator’s marketing power and network.Staying up to date: by having access to an accelerator’s...

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Do you need a mentor for Start-up Success?

Do you really need mentors? Business plan belongs to you, idea belongs to you, you know how to get this done? Your co-founder knows the technology; you have done market analysis. And you are confident of getting this scaled up. Then, why you need mentors? Or advisers? This is because, they've been there, done that and have seen it all. While there could be arguments that why entrepreneurs do not need mentors and rather follow their own instincts and gut feelings, most successful tech titans have founders who had mentors. Facebook's Mark Zuckerberg was mentored by Steve Jobs. Jobs was mentored by Mike Markkula -- an early investor and executive at Apple. And Eric Schmidt mentored Larry Page and Sergey Brin of Google. Here is why I think start-ups need mentors in their journey: Valuable Experience...

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Building a Team

Successful Start-Up: Importance of building a team

I was in a conversation with a co-founder of technology startup and discussion was around how instrumental to have a supporting team; which will help build, scale a startup. Having a product idea, having VCs and product-market fit are crucial. Having a plan of attack on how to get your product to market is important as well.  With so many factors in this equation, which defines the success-failure of a start-up; how to work with this ever challenging environment?  A good place to start is with the people you surround yourself with.  A team which you can trust and which can challenge you, can take risk along with you, can extra mile with you and more importantly who can standby you when going gets tough. A...

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Customer Focused Startup

Creating Successful Customer-Focused Start-up

I was in a conversation with a successful start-up co-founder from Europe and during the discussion we touched upon how to build a successful start-up; the answer was something amazing. Having customer-focused approach; in all what we do as part of the start-up. In fact, building the culture where customer is the focus of all the functions.  Customers are the most important part of start-up business. Their feedback, interest and needs that drive sales, promote products and further brand reach, and this is of paramount importance during the initial days. Not focusing on this aspect of the business, poor customer experiences will lead to fast erosion of the business and brand value. Customer satisfaction is one of the important parameters investors look for in the later...

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Getting Funding: What Investors Look for Before Funding a Start-Up

[vc_row][vc_column][vc_column_text]Getting funding is an important milestone of any start-up and having correct investor on-board plays an important part. Many start-up entrepreneurs get anxious in spite of vast preparation and experience; when it comes to raising outside capital for the first time. The process is obviously not simple and involves articulation of the idea, defending the growth numbers and demonstration of the execution mechanism. In general, experienced investors tend to be smart and will have skeptical approach and will be extremely diligent in reviewing opportunities presented to them. While investors evaluate multiple startups it is important to note that they are factors they consider before they'll invest, either money or additional time. Addressable Market of the Idea Typically, this is the starting point of most of the investment...

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