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Startup News
Medium
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How to Raise Pre-Seed Funding in 2024: Lessons from TestSprite’s Journey
- To make the most of your pitch, founders should have a clear and compelling vision of their product and be able to communicate that vision clearly to investors.
- Startups that address urgent and unmet needs in growing markets are more appealing to investors and worth refining the pitch until it feels undeniable.
- Highlighting the unique strengths of the founding team builds investor confidence in the ability to execute.
- Early feedback from validating your product with real users shows investors that there's real demand for the product.
- Before approaching investors, founders should have data which shows traction.
- Investors may take time in pre-seed fundraising due to the competitive fundraising landscape.
- Providing regular updates on the progress of the startup shows investors that steady strides are being made, leading to an increased level of credibility.
- Create a financial model that clearly lays out the projected costs, revenue streams, and runway to show investors how their money will be used.
- Startups should focus on investors who have a track record of supporting early-stage startups in their niche. Thoroughly researching investors is key to finding the right match.
- Pre-seed investors expect flexibility in terms of valuation caps and equity. Startups should be open to negotiation and to keep the long-term vision in mind.
- Founders should highlight not only the product milestones already accomplished but also their vision for the continued growth of the company.
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Medium
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190
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3 Tips on Building a Shared Services Group Inside Growing Startups
- A shared services model addresses issues like silos, redundancy, and waste within departments of a growing startup by consolidating core business functions into a single, unified team that provides support across all departments.
- Firstly, identify business functions to centralize, which typically includes administrative tasks, HR tasks, procurement, and accounts payable or receivable. This reduces operational redundancy and frees up teams to focus on strategic work.
- Once you have centralized your shared services functions, it is critical to define workflows and responsibilities clearly to ensure smooth communication between the shared services team and other parts of the organization.
- Project tracking becomes a key component of this process, ensuring that tasks are completed efficiently and nothing falls through the cracks.
- Relying on shared inboxes for communication and task tracking can quickly become a source of inefficiency. Startups should adopt project management and ticketing systems to manage incoming requests from various departments to create accountability and ensure no request is overlooked.
- Using tools like Slack for informal discussions and real-time collaboration is fine, but startups should integrate ticketing or project management tools with Slack to manage tasks.
- Regular team check-ins, problem-solving sessions, and sharing best practices among departments can improve efficiency and foster innovation. Communication tools like Slack can help break down silos and create a more collaborative culture across departments.
- It is essential to establish key performance indicators (KPIs) for your shared services group, such as metrics for efficiency, effectiveness, and customer satisfaction, in order to gauge how well the team is functioning and whether they're meeting the needs of the rest of the organization.
- StartingPoint is a powerful workflow and automation platform designed to help startups manage the growing complexity of their operations by consolidating multiple functions into a unified platform, with centralized project tracking that enables shared services groups to assign tasks, manage deadlines, and monitor progress.
- As your startup continues to grow, StartingPoint will scale with your operations, ensuring that your shared services team remains efficient and productive, ultimately driving long-term success.
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Gritdaily
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141
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The Hard Lessons of Partnership Building
- In today’s rapidly changing markets, strategic partnerships must enable each other’s long-term growth, where both partners have skin in the game and see their future success as intertwined.
- Historically, B2B partnerships in IT were bilaterally direct agreements between companies, lacking flexibility needed to keep pace with evolving technological landscapes.
- The rise of cloud technologies transformed partnerships by introducing new approaches to fluid, scalable collaborations and data sharing.
- Cultural and operational alignment, package deals, and a shared vision are essential to successful, long-term partnerships.
- Partnerships must unlock potential achievable by multiplying resources and knowledge.
- In today's market, competition is at an all-time high and differentiating oneself from others can only be done by aligning two brilliant teams, expertise, and goals.
- Working together to develop adaptable, scalable package deals that offer clear value, we can strengthen the partnership and create more attractive, long-term opportunities for larger clients.
- B2B partnerships are evolving and moving towards ecosystem-based subscription models, introducing recurring revenue streams that offer stability and predictability in the volatile market.
- Collaboration helps increase customer stickiness, grow retention, and expand potential market reach.
- True success in B2B comes from finding partners open to co-creation, where the benefits are mutual, and both sides see their value amplified.
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Siliconangle
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110
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Haiper debuts new flagship video generation model
- Haiper Ltd. has debuted Haiper 2.0, a video generator that creates short clips based on user prompts.
- Compared to the previous release, Haiper 2.0 generates clips faster and in a more realistic style.
- An upcoming update will enhance the resolution of the videos to 3840 by 2160 pixels.
- Haiper uses AI models to power cloud services for generating short clips, and the new DiT architecture of Haiper 2.0 improves its performance.
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Massivelyop
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110
Tarisland is adding a roguelike mode and a ‘Fair Raid’ mode in tomorrow’s Blight Dragon Elegy
- Tarisland is launching its first full season's worth of content with new gameplay features.
- The update includes several new PvE modes, such as Temple Maze, Twisted Dreamland, and Fair Raid.
- The video teases a new team battle mode for PvP and fresh boss battles for guilds.
- The release of the new content is scheduled for tomorrow.
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Medium
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The Maker Studios Scam: How Lisa Nova, Danny Zappin, and Shay Carl Pulled Off the Grift of the…
- The Disney acquisition of Maker Studios was a major blunder, driven by starstruck decision-making and overlooking the company's sustainability.
- Danny Zappin, a key figure, was involved in manipulating the company's valuation and profiting before its eventual collapse.
- Maker Studios served as an unnecessary middleman for creators and became obsolete with YouTube's direct monetization options.
- Zappin went on to start Zealot Networks, another venture focused on personal gain rather than creating lasting value.
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Gritdaily
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221
Image Credit: Gritdaily
This App is Revolutionizing Screen Time for Kids
- Suzy is an app designed to transform how kids engage with screens while keeping parents in control.
- The app emphasizes both safety and learning, with a unique mechanism that unlocks games only after engaging in an educational activity.
- Suzy provides built-in screen time recommendations tailored to each child's profile, backed by collaborations with screen time associations and experts.
- The app aims to disrupt the screen time management market by becoming the go-to solution for parents introducing their children to screens.
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Inc42
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53
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PB Fintech Subsidiary Gets Account Aggregator Licence
- PB Financial Account Aggregator Private Limited, a subsidiary of PB Fintech, has received a Certificate of Registration (CoR) from the Reserve Bank of India.
- The subsidiary can now operate as a non-banking financial institution as an account aggregator, without accepting public deposits.
- The account aggregator framework enables secure transfer of customer information with their consent and consists of financial information providers (FIPs) and financial information users (FIUs).
- PB Fintech is also planning to enter the payment aggregation business and the healthcare space.
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Startup Pedia
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265
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Swiggy Staff Flags System to Stalk Girlfriend! A LinkedIn Viral Story
- A Swiggy professional allegedly misused his access to Swiggy's systems to monitor his ex-girlfriend's whereabouts through her food delivery orders.
- The incident raises concerns about data privacy and the misuse of consumer data.
- The man flagged his ex-girlfriend's account in Swiggy's system to have real-time access to her delivery locations.
- This incident highlights the potential dangers of data in the wrong hands and the need for stricter protocols to protect user privacy.
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Medium
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265
Image Credit: Medium
Beyond innovation: How AI startups can capture real value
- AI startups face the challenge of building a business that not only creates value, but effectively captures it.
- Technical innovation does not guarantee financial success or pricing power.
- Strategic execution, GTM strategy, and value-added services play a crucial role in capturing value in the enterprise AI space.
- Verticalization and bundling are recommended as two strategic paths for capturing long-term value in AI startups.
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ISN
3w
101
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PhonePe's revenue rises 74% to over Rs 5,000 crore in FY24, but is it profitable now?
- PhonePe's revenue for FY24 jumps 74% to over Rs 5,000 crore.
- The growth is attributed to payment services and interest income.
- Losses narrow by 28.6% with adjusted net profit of Rs 197 crore.
- PhonePe remains the market leader with 53 crore registered users and $1.5 trillion payment value annually.
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Gritdaily
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309
Image Credit: Gritdaily
Nubio AI Is Redefining Skincare Through Innovation and Inclusivity
- Nubio AI, a skincare company, is using artificial intelligence to personalize skincare solutions for every skin type and gender, including men.
- Founder Murat Bazarov aims to simplify skincare and make it more accessible for men by leveraging AI to provide personalized product suggestions and tailored routines.
- Nubio AI analyzes users' skin and predicts skin changes due to environmental factors, offering personalized recommendations.
- Bazarov envisions expanding Nubio into a complete wellness platform that includes nutrition and mental health.
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Medium
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61
Image Credit: Medium
Joyce Shen’s picks: musings and readings in AI/ML, October 21, 2024
- Former OpenAI technology chief, Mira Murati, is planning to raise capital for a new AI startup.
- Artificial Intelligence has the potential to make markets more efficient but also more volatile.
- A machine-learning system has been developed to detect dark vessels faster by The European Space Agency.
- Exposure to AI-generated child sexual abuse content is increasing, warns the IWF.
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3 Likes
ISN
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75
Image Credit: ISN
IndiaMART's revenue rises 18% to Rs 348 crore in Q2FY25; net profit stood at Rs 135 crore
- IndiaMART InterMESH Limited reported consolidated revenue of Rs 348 crore for Q2FY25, marking an 18% YoY growth.
- Net profit for the quarter stood at Rs 135 crore with a margin of 33%.
- Standalone revenue increased to Rs 332 crore, representing an 18% growth.
- IndiaMART registered 28 million unique business enquiries and 8 million supplier storefronts in Q2FY25.
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Economic Times
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398
Image Credit: Economic Times
PB Fintech secures account aggregator licence from RBI
- PB Fintech has secured the non-banking finance company-account aggregator (NBFC-AA) licence from the RBI.
- The licence will be operated by its subsidiary entity PB Financial Account Aggregator.
- PB Fintech received the certificate of registration on October 21.
- The licence will assist Paisabazaar in accessing financial data of customers.
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