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Startup News
Medium
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Founder Spotlight: Ariel Harmoko @Artifact AI and agentic AI systems
- 2024 is the year when AI agents are the talk of the town. AI agents have the ability to execute a multitude of tasks for you. The last couple of weeks were intense in this space as major tech companies have demoed their upcoming agentic products.
- Microsoft gave a demo on their Copilot Studio, Google showcased Jarvis, and Salesforce launched their own low-code agent building tool called Agentforce. Major AI architectures based on agentic workflows are emerging.
- Many people can build an agentic framework or multi-agent AI workflow highly specific to their use case today. OpenAI’s Swarm library is open source on GitHub for anyone to experiment with.
- Artifact AI's vision is to become the global standard in accounting software. They've developed a customizable, agent-driven workflow that covers everything from bookkeeping to tax filing and everything in between.
- Multi-agentic AI systems are essentially LLM-based agents that operate almost like an LLM in a loop, but with memory and states. This system is what we call a multi-agent AI system.
- Ariel Harmoko, the CEO of Artifact AI has spoken with 300-400 founders. He believes that most founders are not building their companies bottom-up with AI agents because this space is still new and requires deep technical knowledge of LLMs to stay current with the latest advancements.
- For those looking to build AI-native companies, it is recommended to build a tailored evaluation framework for different LLMs based on their use case. You don’t need to be a technical founder to start building such workflows.
- The next big leap in AI may be on the hardware front. Already, we are seeing this in the push towards AR/VR and the Tesla Bot gaining traction. The fusion of multimodal AI with hardware, enabling interaction beyond chat to include vision and more, is going to be thrilling to watch.
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Medium
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42
How Digital Marketing Can Drive Your Business Growth in 2024
- Digital marketing offers unique advantages such as targeted reach, data-driven insights, cost-effectiveness, and scalability.
- Social media marketing is an effective tool for brand awareness and audience engagement.
- Content marketing helps build trust, inform the audience, and improve search engine rankings.
- Search Engine Optimization (SEO) ensures business discoverability and drives organic traffic.
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Yourstory
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How to be more memorable in your next job interview?
- Craft a memorable experience that showcases your qualifications, personality, and unique perspective.
- Prepare and articulate your unique value proposition tailored to the role.
- Research the company to align your responses and show cultural fit.
- Engage through storytelling using the STAR method to make your experiences impactful.
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Medium
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94
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The Next Big Thing: Nanomaterials to Convert Carbon Dioxide into Cool Substances
- Researchers at the University of Columbia have developed a nanomaterial technology that can capture carbon dioxide (CO₂) and convert it into valuable organic substances.
- This technology has the potential to revolutionize carbon management and resource recovery, as it allows for the synthesis of various organic compounds.
- The global market for carbon capture and utilization (CCU) is growing rapidly, driven by regulatory pressures and the demand for sustainable solutions.
- Entrepreneurs and innovators can explore the applications of nanomaterials in carbon capture and utilization, opening up new opportunities in this field.
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Medium
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197
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How did this YC company’s Pitch Deck raise 1.2M$ with just a Prototype?
- Dropbox's pre-seed pitch deck helped the company raise $1.2 million in funding and secure a spot in the Y Combinator Summer 2007 batch.
- At the pre-seed stage, startups don't have tangible assets to show off, so pitch decks need to make a strong case even without numbers.
- Dropbox's deck starts with a slogan that captures the essence of their product in a few words and conveys the industry they're in.
- Visual elements are used throughout the deck to make the message clear and instantly recognizable to anyone facing it.
- The bullet-point presentation is used to convey everything in short, direct sentences that are clear and concise.
- The 'why now' slide is one of the most essential slides in the deck to prove that the opportunity for the startup is huge and will be growing even more.
- Team slide is a must-have to prove the competence of the founders without overexaggerating or lying.
- The business model slide should have contained more numbers and a clearly specified timeline.
- The traction slide mixes advantages, traction and strategies to make a strong case for how the product provides value to the users.
- Dropbox's original pitch deck serves as a good example of how to make a strong case for a pre-seed round, but copying it won't guarantee success in today's market.
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Yourstory
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360
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Quick commerce in India: Market leaders & new entrants
- Quick commerce is booming in India, with the likes of Blinkit, Swiggy Instamart, and Zepto leading the way.
- Combined revenue of these three players was over $1bn in FY24, with 280% growth in the sector over the past two years.
- Quick commerce serves shoppers within 10 minutes, setting it apart from traditional e-commerce, and market leaders there are expanding into fashion and electronics.
- There are also a number of startups keen to break into the sector, including Amazon India, Flipkart Minutes and Slikk.
- Amazon's quick commerce service is set to roll out in early 2025, BigBasket (owned by Tata) aims to generate $1bn from its quick commerce segment this year and FirstClub is a membership-based platform offering exclusive deals.
- Myntra is a pioneer in fashion, while Nykaa has launched a quick delivery pilot for select beauty products.
- Ola has announced it is exploring a return to quick commerce, with plans to set up automated dark stores to speed up delivery.
- Startups Slikk and Swish, which launched in August and provide fashion and fast food respectively, are among the newest players in the sector.
- These companies are reshaping the future of delivery in India, pushing the boundaries of convenience and customer satisfaction.
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Medium
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356
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Heart Health of Mans
- Mental Health: Addressing issues like irritability, sadness, and seeking help.
- Nutrition and Diet: Guidelines for a balanced eating plan, focusing on key nutrients and portion control.
- Exercise and Fitness: Benefits of regular exercise and various types of workouts (strength, cardio, flexibility).
- Sleep Hygiene: Importance of quality sleep and ways to improve sleep routines.
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VIE Stories
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Top Funding Wrap of the Week – October 28 – November 01, 2024
- NBFC Finova Capital raised $135 Mn in a Series E funding round led by Avataar Venture Partners, Sofina, Madison India Capital, and Norwest Venture Partners.
- Vridhi Home Finance secured INR 310 Cr ($36.9 Mn) in a Series B funding round led by Norwest Venture Partners.
- Zinc raised $25.5 million in a seed funding round led by Quona Capital, EDBI, Global Ventures, Saison Capital, and Nexus Venture Partners.
- Country Delight received INR 200 crore in venture debt from Alteria Capital.
- Arya.ag received a commitment of $19.8 million (INR 166.4 crore) from the United States International Development Finance Corporation (DFC).
- Auquan raised an additional $4.5 million in seed funding, bringing their total seed funding to $8 million.
- PopVax's research to develop lipid-polymer delivery formulations for thermostable mRNA vaccines was funded by the Bill & Melinda Gates Foundation.
- COOX, a home-service startup, raised a seed round of $125,000 led by Inflection Point Ventures.
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Yourstory
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India’s forex reserves drop by $3.463B to $684.805B
- India’s forex reserves dropped by $3.463 billion to $684.805 billion in the week ended October 25.
- Foreign currency assets decreased by $4.484 billion to $593.751 billion.
- Gold reserves increased by $1.082 billion to $68.527 billion.
- India’s reserve position with the International Monetary Fund was down by $9 million to $4.307 billion.
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Medium
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Why does money dominates a person?
- Financial planning is a common practice for parents as soon as children are born.
- There is a lack of trust in money compared to trust in people.
- Money is believed to provide support for loved ones after a person's death.
- Preference for a well-settled partner is driven by the desire for a secure life.
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Inc42
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1.2k
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Moneyview’s FY24 Revenue Jumps 75% To INR 1,012 Cr
- Bengaluru-based fintech startup Moneyview reported a 75% increase in operating revenue to INR 1,012.01 Cr for FY24.
- Net profit rose marginally to INR 171.15 Cr in FY24, up 5.2% from the previous fiscal year.
- Total expenses more than doubled, reaching INR 1,190.94 Cr in FY24.
- Moneyview achieved unicorn status in September 2024 after raising INR 38.6 Cr.
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ISN
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752
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Nazara Tech-owned Datawrkz acquires majority stake in UK growth marketing agency Space & Time
- Datawrkz, a subsidiary of India-based Nazara Technologies, acquires a 100% stake in UK growth marketing agency Space & Time.
- The acquisition is valued at approximately GBP 4.8 million (Rs 52.3 crore) and aims to expand Datawrkz's presence in Europe and North America.
- The collaboration brings together Space & Time's expertise in growth marketing and technology with Datawrkz's programmatic advertising strength.
- The partnership aims to deliver impactful digital advertising solutions and capitalize on growth opportunities in Europe and North America.
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Insider
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Fidelity owns almost $30 million in OpenAI stock, filing shows
- Fidelity has a stake in OpenAI valued at almost $30 million, according to a filing.
- Fidelity participated in OpenAI's $6.6 billion funding round.
- The exact number of OpenAI shares owned by Fidelity is unknown.
- Representatives for OpenAI and Fidelity did not comment on the matter.
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Medium
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1.1k
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4 Important Lessons I learned Launching My First Startup
- Lesson 1: Adaptability - Startups need to be adaptable and willing to pivot their approach based on market needs, customer feedback, and technological advancements.
- Lesson 2: Building the Right Team - Founders learn the importance of assembling a strong, complementary team with diverse skills and perspectives.
- Lesson 3: Cultural Fit and Shared Values - Hiring individuals who fit the startup's culture and share its values is crucial for building a cohesive team.
- Lesson 4: Embracing Failure - Startups often face failures and setbacks, but successful founders learn to embrace failure as a learning opportunity and a necessary part of the entrepreneurial journey.
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Yourstory
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1.1k
Image Credit: Yourstory
Meta sees earnings surge in Q3, cautions on rising AI spending
- Meta, the parent company of Facebook, reported strong revenue and profit growth in Q3 due to increased digital ad spending.
- Net profit surged 35% YoY to $15.7 billion, while revenue rose 19% to $40.6 billion.
- Meta's CEO, Mark Zuckerberg, highlighted the importance of AI investments for accelerating the core business.
- The company expects significant capital expenditure growth in 2025 and forecasts Q4 revenue of $45 billion to $48 billion.
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