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Startup News
Medium
2w
8
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50 Question that I ask Founders who are raising fund.
- This article presents 50 crucial questions that founders should ask when raising funds.
- The questions cover various aspects, such as business model, revenue path, investor fit, urgency, budget, fundraising process, founder's mindset, filtering progress, and more.
- Some of the questions include understanding the path to revenue, identifying actual buyers, validating pricing models, evaluating investor fit, determining investor check sizes and matching raise size, assessing coachability, and preparing a closing strategy.
- The article also emphasizes the importance of being brutally honest and having a backup plan in case investors decline funding.
- The author of the article, Manoj Thacker, shares more insights on their website.
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Medium
2w
7
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Huawei’s Spectacular Rise: From Devastating Fall to an Unlikely Billion-Dollar Comeback
- Huawei, once the second-largest smartphone manufacturer, faced a devastating fall due to the 'Trump Ban'.
- Smartphone sales plummeted by over 50%, profits collapsed by nearly 70%, and the company lost access to Google services.
- In response, Huawei demonstrated strategic agility by redirecting resources towards high-growth sectors.
- This resilience and transformation have led to an unlikely billion-dollar comeback for Huawei.
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Economic Times
2w
90
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Sight beyond quick fixes, towards long-term innovation: EaseMyTrip cofounder on Piyush Goyal's startup remark
- EaseMyTrip cofounder and CEO Rikant Pitti expressed support for long-term innovation and deep tech in India's startup ecosystem.
- The company has set new benchmarks in the travel industry, offering travel bookings with zero convenience fees and introducing AI-driven solutions and green mobility initiatives.
- Pitti pledged commitment to launching impactful initiatives leveraging technology to address real-world challenges and bring about meaningful change.
- With plans to deploy 4,000 electric buses by 2028, EaseMyTrip aims to reduce dependency on foreign technologies and build a sustainable ecosystem in the mobility sector.
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Medium
2w
107
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The Step to Grow McDonald’s — The Journey of the World’s Largest Food Business
- McDonald's is the world's largest food network, operating in over 100 countries.
- The brand was founded in 1940 by Richard and Maurice McDonald, focusing on speed and uniformity in serving food.
- In 1954, Ray Kroc franchised the brand and emphasized maintaining quality and service standards across franchises.
- McDonald's faced challenges in quality control and customizing offerings in international markets.
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Medium
2w
340
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Mistral-Based Pitch Deck Analyzer: Automating Startup Evaluation with AI
- The Mistral-Based Pitch Deck Analyzer is an AI-powered pipeline that automates startup evaluation and accelerates the deal-sourcing process for investors and startup accelerators.
- It utilizes Optical Character Recognition (OCR) and Large Language Models (LLMs) to extract actionable insights from pitch decks, saving time and reducing cognitive load.
- The Mistral Console, an intuitive platform, offers API access to Mistral's language models and allows for seamless integration with Python SDKs or REST APIs.
- This combination of LLMs and OCR technology has the potential to significantly improve the efficiency and accuracy of startup evaluation processes, benefiting investors and the startup ecosystem.
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Medium
2w
297
Paran: How We Earned Our First Sales with Just an Idea
- In just one week, the first few copies of the app Paran were sold, marking an incredible start for the founder.
- The combination of the founder's skills and experiences, along with the power of AI, led to real revenue almost instantly.
- This initial success sparked the founder's passion and determination to focus on building Paran.
- Paran is now growing and evolving, with big things to come.
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Medium
2w
374
Unlock $500 in Google Ads Credit with AdCreative.ai: Elevate Your Advertising Efforts
- AdCreative.ai is an AI-powered platform that generates ad creatives for various platforms, saving time and resources.
- Key features include AI-generated ad creatives, data-driven performance scores, competitor and creative insights, ad compliance assistance, and personalized advertising.
- AdCreative.ai has partnered with Google to offer $500 in Google Ads credit to users.
- To earn the credit, users need to sign up for AdCreative.ai, connect their Google Ads account, spend $500 on Google Ads within the first two months, and receive a matching $500 in ad credit.
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Inc42
2w
62
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Deeptech To Get Substantial Allocation In INR 10K Cr FoF For Startups: Piyush Goyal
- The Indian government plans to allocate a substantial portion of the INR 10,000 Cr fund of funds (FoF) for startups to the deeptech sector.
- This allocation aims to mobilize 'patient capital' for research-oriented startups, fostering the development of cutting-edge technologies in AI, quantum computing, and robotics.
- A new dedicated helpline will be set up for startups to address any issues with government officials and suggest regulatory reforms.
- Commerce minister Piyush Goyal's recent comments on focusing on high-tech sectors and competing globally have stirred up a debate among founders and investors.
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Medium
2w
215
From Zero to $100: How Paran Is Gaining Momentum (and Made $35 Last Week Alone)
- Paran, a growing app, has crossed $100 in revenue and made $35 in the last week alone.
- The app's growth was achieved through consistent updates, app store optimization, light marketing, and a mindset shift.
- The team learned the importance of launching fast, listening to small wins, and maintaining consistency.
- Next goals for Paran include reaching $500 in monthly revenue, building a stronger community, and expanding to new app ideas based on user needs.
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Medium
2w
267
Paran: How We Earned Our First $30 with Just an Idea
- In just one week, three copies of Paran were sold, which was mind-blowing for the creator.
- The success of Paran made the creator decide to focus on it entirely.
- The combination of acquired skills, experiences, and AI tools contributed to the instant revenue generation.
- The creator is now building Paran with excitement and unstoppable passion, as it grows and learns.
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Medium
2w
262
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Stop selling yourself, try this instead
- In 1990, the author was hustling on the street selling plush animals and brochures to help abandoned pets for a non-profit.
- A chance encounter with an older woman taught the author an important sales lesson - it's not about pushing, but about serving.
- Sales is about convincing and influencing others in various aspects of life, not just selling products.
- The author emphasizes the importance of relationships and connecting with people when it comes to sales.
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TechCrunch
2w
310
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SF Mayor Lurie to tech CEOs: ‘How can we get you back?’
- San Francisco Mayor Daniel Lurie aims to reinvigorate the city by engaging tech leaders in the redevelopment efforts.
- Lurie is focusing on tackling issues like drug and homelessness crises that have led to the exodus of business leaders from San Francisco.
- He has implemented public safety initiatives and streamlined permitting processes to attract and retain businesses in the city.
- Efforts include reducing bureaucratic hurdles for startups through initiatives like Permit SF.
- Lurie is working towards rezoning to allow taller buildings for increased housing, marking the first such change since 1970.
- He aims to incentivize tech companies to invest in San Francisco through tax breaks and support for cultural and arts programs.
- The mayor is fostering partnerships with AI companies to promote innovation and economic growth in the city.
- Lurie has navigated labor union concerns regarding autonomous vehicles in San Francisco, suggesting a potential infrastructure shift.
- He envisions San Francisco as a hub for AI innovation, leveraging the growing momentum in the city to attract more tech investments.
- Lurie's collaborative approach with tech CEOs and labor unions aims to position San Francisco as a tech and innovation hotspot in the future.
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Medium
2w
185
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The Brutal Truth About ‘User Feedback’
- User feedback can be misleading if taken at face value.
- Teams often face the dilemma of either panicking and trying to please everyone or ignoring feedback completely.
- Understanding the underlying meaning behind user feedback is crucial.
- Actions speak louder than words when it comes to user behavior.
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ISN
2w
387
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Flipkart expands quick commerce footprint with 200 dark stores in 14 cities
- Flipkart Minutes, the quick commerce arm of Flipkart, has expanded its footprint by opening over 200 dark stores across 14 cities in India.
- The service promises delivery within 10 to 15 minutes, offering groceries, household essentials, electronics, and personal care products.
- Flipkart Minutes plans to further expand its network to around 500 to 550 dark stores by the time of its flagship Big Billion Days sale in 2025.
- To distinguish itself from competitors, Flipkart Minutes focuses on collaborating closely with brands and leveraging its established customer base.
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Hackernoon
2w
344
Image Credit: Hackernoon
Hackathons Are Broken. Here’s How We Fix Them.
- Hackathons have been instrumental in launching successful tech projects like Uniswap and Polygon, but most projects fail to progress beyond the weekend due to flaws in the hackathon system.
- The current hackathon landscape lacks a global standard for quality, leading to an overflow of events and wasted efforts by developers building for non-impactful competitions.
- Projects often die post-hackathon due to a lack of structured follow-up, funding, and ongoing support, hindering long-term execution and success.
- VCs overlook hackathon projects, missing out on potential investment opportunities, as hackathons primarily reward creative demos over sustainable business ideas.
- Proposed solutions include a global hackathon repository for tracking projects, post-hackathon acceleration programs, and increased involvement from Web3 companies to foster innovation pipelines.
- Implementing changes such as maintaining project updates, connecting winners with investors, and providing mentorship can help hackathons evolve into true innovation hubs.
- Kalp Studio's BUILD Bharat Tour exemplifies a proactive approach to nurturing hackathon projects by ensuring their continued evolution beyond the event and fostering real-world adoption.
- To transform hackathons into effective launchpads, the industry needs to emphasize a repository for project tracking, establish investment pipelines, offer post-hackathon support, and garner more support from blockchain companies.
- The article stresses the need to revamp hackathons to unlock their potential as catalysts for industry-changing innovations, highlighting the urgency to address the existing shortcomings in the hackathon ecosystem.
- Ultimately, the call is made for a collective effort to enhance hackathons and ensure they serve as enduring platforms for driving impactful innovation in the tech industry.
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