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Startup News
Yourstory
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Edtech firm Great Learning clocks Rs 980 Cr revenue in FY24
- Edtech firm Great Learning has achieved a revenue of about Rs 980 crore ($118 million) in FY 2023-24, showcasing a 23% YoY growth.
- The positive EBITDA and net profit for the fiscal year indicate the company's strong performance.
- Great Learning attributes its FY24 performance to AI upskilling and anticipates robust growth in international markets.
- The acquisition of Great Learning by BYJU'S and the subsequent support from financial lenders ensure the company's independence and future growth.
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Hitconsultant
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HLTH: General Catalyst Spinout HealthEx Launches with $14M for AI-Generated Consent Platform
- HealthEx, a new healthcare technology company, has emerged from stealth mode with $14M in Seed and Series A funding.
- The company is building a global consumer preference and consent platform designed to simplify and streamline data access in healthcare.
- The platform offers AI-generated consents, granular consent enforcement, AI-assisted risk assessments, and secure data exchange.
- HealthEx aims to provide a streamlined, transparent solution for healthcare organizations to manage data while giving patients more control over their healthcare decisions.
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Eu-Startups
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Unlocking success: How to build a VC network from the ground up
- A strong network is crucial to achieving success in venture capital.
- Finding a community, whether through fellowships or networking events, can help.
- Goals should be set before attending an event to make it feel less pressured.
- Networking is an investment in your career, and opportunities should be approached as such.
- Forming genuine connections by being human and letting your personality shine is key.
- Finding a balance between online and face-to-face networking is important.
- Staying close with founders is fundamental to succeeding in VC.
- Confidence grows as you attend events and connect with peers across the industry.
- Helping others build their networks will lead to fresh introductions and potentially a larger network.
- Networking can feel daunting, but it is a key part of succeeding in venture capital.
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TechCrunch
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Final countdown: 7 days until TechCrunch Disrupt 2024 kicks off
- TechCrunch Disrupt 2024 is only a week away.
- The event will take place from October 28-30 in San Francisco.
- Over 10,000 startup, tech, and VC leaders will attend.
- There will be 350+ startups showcased, 250+ industry experts, 200+ hands-on sessions, and Startup Battlefield 200 competition.
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Medium
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Starting from Scratch: Common Pitfalls in New Development Projects
- Overengineering can slow down progress, increase costs, and make a project harder to manage, which is why it's important to keep focus on current requirements and to avoid getting too caught up in future possibilities.
- One way to avoid overengineering is to start with a solution that's simple, scalable, and easy to iterate on rather than building fancier or more complicated features and frameworks that aren't immediately necessary.
- Using the YAGNI (You Aren't Gonna Need It) principle is also a good way to avoid unnecessary features and costs, as it encourages developers and those involved in the project to focus on delivering core functionality (minimum viable product) that immediately provides value to users.
- The urge to build something flawless can be overwhelming in new projects and can lead to perfectionism, which can delay progress, lead to frustration, and waste valuable time that could be spent on making improvements.
- To avoid the perfectionism trap, it's important to agree on what's "good enough" and focus on delivering visible features to stakeholders rather than spending all your time making minor tweaks and trying to make everything perfect.
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AllTopStartups
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Is AI the Future of Writing? Tips for Authors Using AI Tools
- AI is becoming a tool—like, an actual tool—for authors.
- AI isn’t about replacing you. It’s about assisting you.
- AI tools can analyze massive amounts of data, learn from that information, and then help you shape your narrative
- AI can generate ideas based on prompts, suggest plot points, or even help you outline
- AI can assist by suggesting personality traits, backgrounds, or even dialogue styles based on your character’s profile.
- writing that first draft can be a grind. But with AI tools, you can draft sections faster
- AI tools require a bit of time to learn and adapt to your style, which can be frustrating if you’re not tech-savvy.
- AI is fantastic at handling tasks that make most of us cringe—like grammar checks, spelling, and formatting.
- AI can help you come up with ideas, but don’t forget that you’re the creative engine here.
- AI is simply the next step in the tech evolution of storytelling.
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Insider
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These tech investors are trawling UC Berkeley to fund the next Perplexity or Databricks
- The House Fund, a venture capital firm affiliated with the University of California, Berkeley, has hired Zachary Hargreaves to enhance its backing of Berkeley-born startups.
- The House Fund focuses on investing in companies with ties to top-tier public schools, targeting startups like Perplexity and Databricks.
- Berkeley has produced a high number of alumni entrepreneurs who have raised venture capital in the last decade.
- With Hargreaves on board, The House Fund aims to invest in companies it has previously backed and provides resources for founders to shape their businesses.
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AllTopStartups
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What Security Measures Should Be Taken While Using MT5?
- MT5 is a powerful trading platform that provides powerful tools to traders.
- Understanding the potential security risks involved in MT5 download is essential.
- Malware and phishing scams are the two main risks users should watch out for.
- Choosing a strong password is crucial, and users should avoid sharing their account information with anyone.
- Enabling Two-Factor Authentication (2FA) can add another level of protection.
- Using secure internet connections and avoiding public Wi-Fi networks when accessing MT5 is recommended.
- Being cautious of phishing scams and checking for authenticity can help prevent falling victim to cyber-attacks.
- Regular data backup and monitoring account activity for unusual activity is essential in preventing potential losses.
- MT5 security is critical, and taking preventive steps helps traders focus on their trading activities with confidence.
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TechCrunch
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252
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Uprise wants to help small businesses make better financial decisions
- Uprise is a startup aiming to serve as a financial advisor to small businesses.
- It integrates with existing financial service products used by SMBs and provides recommendations.
- The recommendations are generated by an AI algorithm and vetted by human financial advisors.
- Uprise recently raised $3.3 million in seed funding to further develop and expand its services.
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Yourstory
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252
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Should Salman Khan apologise to Lawrence Bishnoi? Ex-girlfriend Somy Ali speaks out
- Salman Khan's ex-girlfriend Somy Ali speaks out in light of the murder of politician Baba Siddiqui by the Lawrence Bishnoi gang.
- Somy Ali says Salman Khan shouldn't apologize for allegedly killing a blackbuck as he didn't know it was worshipped in the Bishnoi community.
- She emphasizes that she has nothing to do with Salman Khan anymore and doesn't want to reunite with him.
- Lawrence Bishnoi gang claimed responsibility for the assassination of Baba Siddiqui due to his alleged ties with Salman Khan.
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AllTopStartups
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Choosing the Ideal Sensors for Your Measurement Requirements
- Choosing the ideal sensors is crucial for effective and efficient systems.
- Understanding the types of sensors available helps in narrowing down options.
- Clear measurement needs and accuracy requirements must be identified.
- Considerations for environmental conditions and compatibility are important.
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Npengage
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Find Your Next Funder: Use Prospect Research to Secure Major Donors
- To avoid such nightmare scenario, it is important to have a database that provides concrete information on major donors and donors-prospects that supplements known information on a sequential basis.
- Institutional knowledge gets lost not just when someone leaves an organization, but also when someone doesn't bother to record it hence, notes should be taken in such a way that no donor would be offended if they read them.
- Successful fundraising is about relationship building, but it is also about data. Therefore, prospect research is important to provide concrete information on major donors.
- Every fundraising team should have a new constituent list or new donor list produced on a regular schedule for review by the relationship-building personnel in your office.
- Make sure that you have quality, current data to inform your solicitation efforts, and take time to do your prospect homework and take advantage of the resources that can enable you to find your next major donor.
- Before a constituent meeting, prospect research should be asked to provide brief notes on attendees, with capacity information from analytic ratings available in the database.
- It is important to establish a routine for everyone concerned to enter meeting and conversation details into the fundraising CRM on a timely and consistent basis.
- When developing a strategy for major gift cultivation, identify the right funding opportunities for each constituent.
- It is vital that while taking notes, you should consider including notes on decisions to reject a solicitation so that future solicitors can be informed.
- Prospect research provides valuable information key to solicitation, including analytic assessments on inclination to make a gift and a suggested ask amount range.
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Yourstory
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141
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Reverse-flipping trend showcases ease of doing business in India
- Indian startups are now opting for reverse flipping and choosing to incorporate, list, and headquarter in India.
- The ease of doing business in India, rise in the country's ranking in the Ease of Doing Business Index, and the government's efforts to make doing business easier are the factors driving this trend.
- Startups are attracted to the Indian market, customer base, and brand recognition, making listing in India a preferable option.
- Undertaking a reverse flip requires regulatory analysis, balancing legal implications, considering valuation and stage of business, and could take 10 to 15 months to complete.
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Tech Story
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Baidu CEO Predicts AI Startups’ Downfall Amid Industry Bubble
- Baidu CEO, Robin Li, predicts a potential market bubble and downfall for AI startups.
- Concerns about hallucinations produced by large language models (LLMs) have diminished.
- Many Chinese AI startups face challenges in generating revenue and depend heavily on investor backing.
- Li believes only a few AI startups will emerge as leaders, similar to the dot-com bubble era.
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Npengage
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Why Hospitals Should Invest in Climate Actions as a Community Benefit Strategy
- The healthcare sector's carbon footprint is greater than the airline industry, contributing 4.6% to global net emissions. Hospitals can reduce admissions, lower emergency room visits and improve patient health through climate action. Vulnerable populations such as those facing health disparities are disproportionately affected by climate change, making it crucial for hospitals to implement a climate action plan. In partnership with hospital foundations, grants, donations, and other forms of blended funding can be used to fund sustainable transportation and renewable energy. Local food sourcing and programs can also support better nutrition for food-insecure patients while reducing the hospital's environmental impact.
- Hospitals can transition to sustainable transportation, reduce their carbon footprint, and promote the use of electric vehicles by installing EV charging stations. They can also minimize the environmental impact of staff and visitors by encouraging other alternative modes of transportation.
- Hospitals can optimize energy use and implement sustainable practices that can glean long-term savings, which can then be reinvest in patient care and community health programs.
- Hospitals should work on food reclamation programs, partnering with local food banks to donate excess unserved food. This can address both food waste and food insecurity, demonstrating a comprehensive community benefit strategy.
- One of the leading chronic diseases in children is asthma, which is often exacerbated by the child's environment. Hospital systems can address this issue by promoting asthma prevention programs that work to improve asthma-related outcomes in children.
- The Children’s Hospital of Philadelphia launched CAPP+ to replace and repair roofs, fix plumbing leaks, and remove carpeting, amongst other interventions to address structural issues in homes that contribute to asthma triggers. Since 2019, CHOP has renovated over 200 homes throughout West and Southwest Philadelphia.
- Investing in asthma prevention programs contributes to cleaner air and addresses climate change while improving public health.
- Hospitals can be instrumental in creating healthier communities by addressing both environmental sustainability and health equity measures.
- The World Health Organization recommends that hospitals consider climate action as part of their community health needs assessments and implementation planning.
- Hospital workforce also demands sustainable initiatives, such as reducing carbon, using renewable energy, and reducing waste.
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