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Hackernoon
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The HackerNoon Newsletter: Why Laziness is a Superpower (10/25/2024)
- Illuminate Collections vs PHP Arrays - A comparison between PHP Arrays and Laravel Collections.
- Exploring Product Insights: Interview with Vadim Glazkov, Founder of a Product Research Agency - Vadim Glazkov shares the important aspects of the research approach and gives successful use cases for launching new products.
- How Does GTA 6s Budget Compare to the 5 Most Expensive Games Ever Made? - A comparison of the budget between GTA 6 and other expensive games like Cyberpunk 2077 and Star Citizen.
- Emotion As A Service: AI’s Next Market Is Your Heart - AI is making emotional outsourcing scalable and profitable.
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The Robot Report
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New incubator Reservoir Farms to cultivate agrobotics startups
- Reservoir Farms, a nonprofit tech incubator in California, is launching an on-farm robotics incubator called Reservoir Farms.
- Reservoir Farms will provide test fields, assembly workshops, tools, and storage for agrobotics startups.
- The incubator aims to accelerate the development of agricultural innovations in automation and robotics, specifically for specialty crop farms in California.
- Key industry sponsors include Western Growers Association, UC ANR, and HawkTower.
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Medium
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Anthropic Unveils a New Analysis Tool: A Strong Competitor to GPT
- Anthropic, founded by former OpenAI researchers, unveils a new analysis tool integrated into Claude, their AI model.
- The analysis tool allows users to perform complex data analyses within the AI environment.
- This advancement positions Claude as a strong competitor in the generative AI landscape.
- Businesses can leverage this technology to gain deeper insights and drive informed decision-making.
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Hackernoon
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Image Credit: Hackernoon
Exploring Product Insights: Interview with Vadim Glazkov, Founder of a Product Research Agency
- Conducting market research is important part of creating new products and finding value for customers.
- In this interview, Vadim Glazkov shares the important aspects of product research, the challenges and provides successful use cases.
- Finding new product ideas can always be found through research and by asking the right questions grounded in real customer needs.
- The difficulty of conducting research leads many people to launch a product first and look for ways to promote it later.
- Startup founders choose to outsource research tasks to experienced specialists as they need to focus on creativity and strategic decision-making.
- Research may be compared to queries in Google - which help to find answers to various questions and reduces risks in a competitive environment.
- Conducting surveys may show a product is not in demand in the market which is valuable knowledge if the company is doing well.
- User interviews helps test hypotheses and understand the real needs of customers, significantly reducing risks and increasing the chances of success.
- Research helps startups make reasonable decisions based on real data.
- Properly conducted research can be the key to a successful launch and further development of a product in a competitive market.
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TechCrunch
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YC startup Pharos lands a $5M seed led by Felicis to bring AI to hospital quality reporting
- Pharos, a Y Combinator startup, has raised a $5 million seed round led by Felicis.
- Pharos aims to use AI to automate quality reporting to external clinical registries in hospitals.
- Quality reporting to registries is currently time-consuming and requires manual data extraction from electronic health records.
- Pharos plans to use the funding to expand their team and further develop their product for hospitals.
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Hackernoon
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Meet Scoutlabs, Startups of the Year 2024 Nominee
- Scoutlabs has been nominated in HackerNoon's Startups of The Year 2024 awards under the Emerging Tech category
- Scoutlabs is addressing the intersection of food insecurity, climate change, and sustainable farming with a digital insect trap network
- The company offers an affordable and scalable solution for pest monitoring and control in farming
- Scoutlabs has deployed over 1500 devices in pilot stages and aims to expand its market reach
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Eonetwork
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Image Credit: Eonetwork
Is Your Early Success Setting You Up for Scaling Failure?
- Startups that mistake early adopters for widespread adopters are falling for a common misconception about their target market that can lead to plateaued growth instead of continuing upward trajectory.
- Early adopters are defined by their acute pain point, and vocal willingness to test anything that could fix it, but it is not a reliable signal for widespread adoption.
- Widespread adopters have a higher pain tolerance, are willing to wait for a better solution and are less vocal, making them a more difficult group to manage or win back if they become disenchanted.
- Being led by enthusiastic early adopters can lead to an extremely niche product that solves their problems, but has further-reaching problems of its own in terms of attracting wider adoption at scale.
- Product/market fit comes only after a minimum viable product that appeals to a wider audience and fulfils the needs of the early adopters but is straightened out to appeal to widespread adopters.
- A company that fails to recognise the needs of early and widespread adopters inadvertently creates instability, rattling early adopters with frequent product instability, and stalling the adoption of its product between the $2m and $5m mark.
- Building a successful marketing strategy means knowing the difference between early and widespread adopters, and for later-stage start-ups, concentrating on finding and serving the needs of the latter.
- Shift your focus from early adopters to widespread adopters, building your product and business model around common desired outcomes that meet the demands of both groups.
- When planting a metaphorical garden in search of product/market fit, early adopters are the sprouts that can only get a start-up so far before the focus shifts from cultivation to cultivation and training necessary for widespread adoption.
- Understanding the difference between early and widespread adopters is key in addressing the challenges that arise when scaling up from a niche customer base
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Hackernoon
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Image Credit: Hackernoon
Meet Pharmacy Marts, Startups of the Year 2024 Nominee
- Pharmacy Marts has been nominated for HackerNoon's annual Startups of The Year awards.
- Pharmacy Marts is a digital marketplace that connects pharmacies and medical suppliers.
- The service is designed to help pharmacists quickly access and receive medicine and medical supplies.
- Pharmacy Marts offers tailored payment plans to help pharmacists grow their revenue sustainably.
- The startup saves pharmacists up to 30% of the time it takes to place orders and up to 5% of their monthly ordering budget.
- The startup has expanded into four cities and now has a 15% share of Egypt's Pharmaceutical Market.
- Pharmacy Marts has been recognized globally through a range of awards and acknowledgments.
- The startup aims to expand into further verticals to enhance business support initiatives and build a highly efficient pharmaceuticals supply chain.
- Pharmacy Marts overcame the challenge of shifting consumer behavior through education, information, research and consistency.
- The startup is grateful for the supportive ecosystem that has allowed its platform to flourish and is working to impact and revolutionize the HealthTech Sector.
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Medium
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Image Credit: Medium
Product-Market-Value Fit: The Missing Link
- Product-market-value fit is crucial for sustainable growth, however, choosing the wrong path to market can limit this. Companies must focus on creating value for the customer who is paying for it, whilst also creating value for those who control the budget when selling to larger organisations.
- Reading the fundamentals of the target market and the customer's buying behaviours can help in finding the best product-market-value fit and ensures that pivots are executed in profitable opportunities rather than 'blind alleys'. Siemens Energy decided to build a team incorporating data scientists and software developers along with maintenance program managers and salespeople and their data-driven software was a key factor in delivering more flexibility and less risk to customers whilst also providing increased margins.
- Arm failed to develop a bespoke licensing model that rewarded them for their critical contribution to the device’s value and had they considered the customer value perspective, they would have abandoned the flat-fee license modeldecades ago.
- Making early assumptions can create future constraints which can only become visible as the business grows and fails to capture the majority of the market value.
- Despite having sorted product-market fit and having great IP, companies like Rambus also need to provide surplus value for the memory and system vendors who paid their license fees.
- Trying to size the overall target market can seem like an impossible task given the uncertainty of both future economy and future product/service portfolio. However, putting oneself in the shoes of future customers often results in a more accurate perspective.
- Product-market fit isn’t enough as value becomes the missing link ensuring sustained growth.
- Siemens decided to pursue a different course and had a profound impact on how they structured the business solely based on the back-of-the-envelope math when the Digital Services business was created. This led to greater success.
- Companies must avoid choosing the wrong path that can limit the product-market-value fit and lead down unprofitable routes.
- Arm now seeks to shift flat-fee license agreements into revenue-sharing arrangements and make inroads into the AI and data centre space to maintain its growth.
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TechCrunch
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Image Credit: TechCrunch
Stripe’s biggest acquisition yet, and what’s a16z doing with all of those Nvidia GPUs?
- Stripe acquires stablecoin platform Bridge for $1.1 billion.
- Stripe's biggest acquisition yet reflects its commitment to crypto.
- Other news discussed: Mobileye founder's new startup, 3D metal printing startup's funding round, a16z's support for portfolio companies with Nvidia GPUs.
- Equity podcast will be recording live at TechCrunch's Disrupt 2024.
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Medium
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It’s Never Too Late: Pursuing Dreams and Personal Growth
- Change can be daunting, but it’s also a catalyst for growth. Age is just a number when it comes to pursuing dreams and personal growth.
- Embracing a growth mindset and believing in your ability to develop can help overcome obstacles and push through fears.
- Start with small, achievable goals to pursue your dreams, breaking them down into manageable steps.
- Surround yourself with positive and supportive people who uplift and motivate your aspirations.
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Npengage
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Image Credit: Npengage
Blackbaud Grantmaking Has SKY APIs, But What Does that Mean for Me?
- Blackbaud introduced its modern SKY API which offers different systems to communicate with one another and share functionality and data.
- The SKY APIs in Blackbaud Grantmaking are now Endpoint parity with the old system, which means that you can do the same things that were done earlier.
- These APIs will only continue to grow as we add more endpoints that represent additional data fields that the API can collect and share.
- You can already share financial data such as grant amounts and remaining balance with the SKY API capabilities of Blackbaud Grantmaking with the financial system.
- Blackbaud is working with third-party developers to provide connectors available in the future to help you get the most of your grantmaking software.
- SKY API page has a ton of resources available, and you need to create a SKY Developer account to get started.
- Our Support team can help you with bugs or other suspected issues with the SKY Developer tools.
- Blackbaud’s Professional Services group can assist in building an integration for you outright.
- To get the most out of APIs, you need to read the documentation available and brainstorm what integrations and connections are most helpful to your organization and processes.
- Create your developer account, craft a simple connection, and get started as the API capabilities expand within Blackbaud Grantmaking to more endpoints.
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SiliconCanals
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Image Credit: SiliconCanals
Amsterdam-based Tur.ai raises €1.2M to automate enterprise customer operations with AI
- Amsterdam-based Tur.ai has raised €1.2M in a seed round of funding, with Presto Tech Horizons contributing $1.2M.
- Presto Tech Horizons, a Czech investment fund, has added Tur.ai to its portfolio and welcomed Lucie Bresova as a Partner.
- Tur.ai is an AI-driven robotic process automation platform that allows companies to independently automate complex workflows.
- The raised capital will be used to enhance product features, bolster customer support, and expand distribution for Tur.ai.
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Hackernoon
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368
Image Credit: Hackernoon
Startups of The Year: Meet the AI Industry
- The Startups of The Year 2024 highlights outstanding companies across 100 industries.
- The AI category in Startups of The Year covers various sectors including machine learning, chatbots, generative AI, AI wrappers, analytics, business intelligence, robotics, and automation.
- Ethical considerations, privacy concerns, and the looming shadows of monopolies are just a few of the challenges that must be addressed as AI continues to shape our world.
- The AI industry has made significant strides, but startups such as OpenAI have spurred global adoption and sparked intense interest in the industry's future.
- HackerNoon has covered the AI revolution, in real time, and has a dedicated AI page where you can find every AI-related story published on HackerNoon from Machine Learning and Large Language Models to Generative AI and Neural Networks, as well as a weekly ranking of the top AI writers, on HackerNoon.
- HackerNoon has also been at the forefront of AI tools to assist writers in being the best they can be.
- AI’s newfound momentum can be linked to the big data and computing power advances of the early 21st century, enabling breakthroughs in image recognition, natural language processing, and autonomous systems.
- Since AI continues to grow and shape the world, it is important to address challenges like ethical considerations, privacy concerns, and the looming shadows of monopolies.
- The winners of Startups of the Year will get a free interview on HackerNoon and an Evergreen Tech Company News page.
- HackerNoon’s Startups of The Year is a branding opportunity unlike any other. Whether your goal is brand awareness or lead generation, HackerNoon has curated startup-friendly packages to solve your marketing challenges.
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TechCrunch
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Image Credit: TechCrunch
3 days left: TechCrunch Disrupt 2024 kicks off and ticket prices increase
- TechCrunch Disrupt 2024 will be held at Moscone West in San Francisco from October 28-30.
- Ticket prices will increase after October 27 at 11:59 p.m. PT.
- The event will feature 10,000+ startup and VC leaders for networking and collaboration.
- Attendees can expect 350+ startup exhibitions, 250+ industry leaders, 200+ deep-dive sessions, and a Startup Battlefield pitch competition.
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