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Startup News
TechCrunch
1d
272
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Sam Altman firing drama detailed in new book excerpt
- An excerpt from the upcoming book reveals details about why OpenAI briefly fired CEO Sam Altman back in 2023.
- OpenAI's board members raised concerns about Altman's personal ownership of the OpenAI Startup Fund.
- Co-founder Ilya Sutskever and CTO Mira Murati provided evidence of Altman's alleged toxic and dishonest behavior.
- Despite the attempt to oust him, Altman returned and Sutskever and Murati left to launch their own startups.
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Medium
1d
140
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Something interesting I realized today
- A few years ago, the author had an epiphany that helped simplify the art of making money.
- The author believes that the key to making money is exchanging value for it.
- Money is primarily a medium of exchange or means of exchange.
- To make money, the author suggests finding something of value, finding people who need it, and then exchanging it for money.
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Medium
1d
189
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How to Monetize Your Mind
- You can turn your mind into money.
- To monetize your mind and turn it into a successful business, you need to have a skill or body of knowledge that you enjoy, build an audience of people interested in your topic, and offer a product or service that people are willing to pay for.
- It's important to avoid building a large audience around a vague topic that is not easily monetizable.
- The two best business models for beginners are to offer a product or service you enjoy making and that people want to buy, or to position and package your knowledge in a way that makes it valuable and tangible for customers.
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Inc42
1d
277
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India Pitches FATF To Relax Rules For UPI’s Growth
- India urges FATF to relax compliance mandates for cross-border payments via UPI
- Compliance requirements for UPI hindered by rules exempting payment networks like Visa and Mastercard
- RBI governor suggests making FATF's travel rule technology-neutral
- India aims to take UPI global and increase cross-border payments, putting it in competition with Visa and Mastercard
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Startup Pedia
1d
3
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Finance Minister Waives Off Import Duties To Zero On EV Components, Claims It Part Of Strategy, Not Pressure From Trump
- Finance Minister Nirmala Sitharaman has waived off import duties on EV battery components, reducing them to zero.
- The decision is a part of a long-standing plan to ease compliance and align with evolving global tax norms.
- The waiver is not linked to pressure from the U.S. or the ongoing global trade tensions.
- The move supports India's aspiration to be a manufacturing hub and build capacities for battery manufacturing and advanced chemistry.
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Medium
1d
319
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Who Needs Original Ideas? Just Find a Broken Product and Improve It
- To build a product, it is important to find a problem and solve it alongside the person facing that problem.
- Finding a real problem worth solving can be a challenge unless you have experienced a similar pain point yourself.
- Identifying problems is influenced by personal experiences, background, and worldview.
- When aiming to solve a problem with broad appeal, it is essential to think globally.
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19 Likes
Dev
1d
251
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Life After Graduation: A New Chapter
- The author shares their journey of post-grad life and the challenges they faced in finding a job as a software developer.
- After being laid off from their first remote developer job, the author focuses on a side project they started with a friend during college.
- Despite facing discouragement in their job search, the author decides to go all-in on their project and shares their experiences on building something of their own.
- The author invites feedback, constructive criticism, and suggestions from readers.
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15 Likes
ISN
1d
202
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Grow Indigo raises $10 million to expand carbon farming initiatives in India
- Agritech startup Grow Indigo has raised $10 million in funding from British International Investments (BII) to expand its sustainability initiatives in India.
- The funding will be used to accelerate the company's carbon farming program and enroll more smallholder farmers in its regenerative agriculture practices.
- Grow Indigo promotes low-emission farming techniques and generates carbon credits, which are sold to corporations aiming to offset their environmental footprint.
- The startup plans to scale its impact across millions of farmers in the next two years, with the support of BII's investment.
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12 Likes
Medium
1d
114
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GenesisAI: The AI Startup That Raised Millions — Then Disappeared
- GenesisAI, the AI startup that raised millions, has disappeared after making eyebrow-raising financial choices.
- The company claimed to be building a global AI marketplace, but it had zero revenue and missed multiple product launch and revenue targets.
- Despite no formal background in AI or engineering, the company's only executive, Archil Cheishvili, presented himself as the driving force behind GenesisAI.
- After raising over $5 million through crowdfunding, with heavy marketing expenditures, the company failed to deliver a product, resulting in no revenue and leaving investors burned.
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Dev
1d
30
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$2 Startup: Launching a Full Tech Product on a Shoestring Budget
- A tech enthusiast built a fully functional tech product, a dynamic link service, for just $2.
- Dynamic links intelligently handle edge cases across platforms like Android, iOS, and PC.
- The product aimed to showcase that innovation doesn't require a hefty budget.
- Challenges included finding a cheap domain, payment struggles, and selecting tech stacks.
- The domain 'dynamc.link' was acquired for $2 with help from a friend for payment.
- Cloudflare's free DNS management system was chosen for efficient functionality.
- Tech stacks included React with Material Design, Django, PostgreSQL, and Docker, all open-source.
- Microservices architecture split the backend into Dynamic Link Resolver and API Service.
- Hosting was managed creatively using Cloudflare Zero Trust and a free AWS EC2 instance.
- The project proved that with strategic decisions and open-source tools, launching a tech product on a budget is achievable.
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ISN
1d
26
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Orthopaedics-focused health startup OSSO raises $250,000 in a funding round
- Orthopaedics-focused health startup OSSO has raised $250,000 in a funding round.
- The funding round was led by Blume Ventures Founders Fund, with participation from other investors.
- OSSO offers orthopaedics, regenerative medicine, physiotherapy, and sports injury treatments under one roof.
- The raised capital will be used to scale operations, improve technology, and provide better services to patients.
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TechCrunch
1d
110
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Here are Africa’s biggest startups based on valuation
- Funding into African startups surpassed $2 billion last year, resembling pre-pandemic levels and hinting at a cautious outlook for 2025.
- The decline in mega-deals globally led investors to favor sustainable models and profitability, causing closures for some well-funded startups like Copia and Gro Intelligence.
- This shift signifies a turning point where even growth-stage startups face increasing risks, as shown by the closures of Dash and 54gene in 2023.
- Startups like Wasoko and MaxAB opted for strategic mergers to weather challenges, while others like Moniepoint, Moove, and TymeBank thrived on notable investments.
- African unicorns like Flutterwave, OPay, Wave, Andela, TymeBank, Chipper Cash, Interswitch, MNT-Halan, and Moniepoint have made significant strides in valuation and investor backing.
- Moniepoint and TymeBank emerged as leading contenders for unicorn status in 2024, with a valuation of $850 million and $965 million, respectively.
- Up-and-coming African 'soonicorns' like PalmPay, Moove, Yassir, Kuda, Wasoko, MaxAB, Clickatell, M-KOPA, Yoco, and Onafriq are poised to make waves based on their recent rounds.
- These startups, displaying resilience and growth potential, are pivotal in shaping Africa's tech landscape and are indicative of the continent's promising innovation.
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TechCrunch
1d
88
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Only 3 days left to save $300+ on investor and founder tickets for TechCrunch All Stage
- TechCrunch is offering a discount of up to $320 on investor and founder tickets for TechCrunch All Stage.
- The discount is available until 11:59 p.m. PT on March 31.
- TechCrunch All Stage will take place on July 15 in Boston, bringing together 1,200 founders and VCs.
- The event will include breakout sessions for early-stage and growth-stage founders, as well as networking opportunities.
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5 Likes
Yourstory
1d
153
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It is my life story, not a business book: Freshworks' Girish Mathrubootham on his autobiography
- Freshworks founder Girish Mathrubootham has announced that his autobiography 'All In' will be released soon.
- The book offers an unfiltered, behind-the-scenes look at Mathrubootham's life, going beyond typical business handbooks.
- Mathrubootham aims to inspire builders and founders with humble beginnings, highlighting that success in business doesn't require elite pedigrees.
- The book covers key moments and counterintuitive decisions that led to building Freshworks, including his early struggles as an engineering graduate in Chennai.
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9 Likes
Inc42
1d
30
Image Credit: Inc42
Not Airbnb Or Uber Of India, We Are Rebel Of The World: Rebel Foods CEO
- Rebel Foods CEO Ankush Grover stated that the company's unique cloud kitchen model is being replicated globally.
- The startup aims to be a brand inspiring global startups, not just India's Uber or Airbnb.
- Rebel Foods operates 350 kitchens in 70 Indian cities, serving 2.5 Lakh daily orders.
- With kitchens in Dubai and the UK, the company is positioned as 'Rebel of the world.'
- The IPO-bound unicorn focuses on scaling food brands like Faasos, Oven Story Pizza, and Behrouz Biryani.
- Rebel Foods aims to build India's national food brand, leveraging cloud kitchens for expansion.
- The company operates over 45 food brands globally and controls losses while increasing revenues.
- Rebel Foods emphasizes quality, using technology like CCTV cameras and temperature monitors in its kitchens.
- The startup trains its blue-collar workers to maintain stringent quality standards.
- Rebel Foods ventures into quick commerce with QuickiES, targeting delivery within 15 minutes to compete with food delivery giants.
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