Roundup of news and ideas from the world of startups – Week ending 4th March 2018
News you can use
5 Tips for Employees and founders: Moving on on after your startup fails – Business leaders accept risk-taking and appreciate that failures are a part of the game. They are always looking out for promising candidates who can demonstrate how and what they learnt from their journey. As a former-employee of a failed venture, project your strengths as a well-rounded problem solver who can demonstrate ‘how’ you have done things, and not just ‘what’ can be done.
Android vs iOS : Opportunity for startups to port Apps – India is the world’s third-largest smartphone market, following China and the US. Out of the 30.7 million units shipped during Q2 2016, Strategy Analytics believes that 29.8 million of them (or an impressive 97%) run on Google’s Android. This data, however, masks the fact that Apple is not sitting idle. As per recent estimates, Apple India sales rose 17% to $1.8 billion in 2016-17 (link). While it is likely that App developers will continue to focus on Android platform, user demand for apps to run on iOS will also continue to grow. It is currently not easy or inexpensive to migrate Apps designed for Android to iOS (or the other way around). Developers who can take such designs and work on cheaper and faster ways of migrating them are going to find a steady market !
Amazon Agrees to Buy Smart-Doorbell Startup Ring – Acquisition extends retail giant’s reach into customer homes. Ring makes doorbells, cameras that allow remote monitoring. Amazon has been pushing for a bigger presence in homes through connected devices such as its Echo smart speaker with the voice-activated assistant named Alexa. Buying Ring gives the e-commerce giant another touch point with customers, said James Cakmak, an analyst at Monness Crespi Hardt & Co.
Microsoft Opens Startup space Reactor in Shoreditch – Microsoft is the most recent company that is eyeing up the hotshot startups of London with an investment of $20m (£14.3m) in a new space in Shoreditch that opened last Thursday.Reactor is set to host the accelerator for the scale-up of the tech giants of Silicon Valley, along with a space for events including hackathons to help improve the startup ecosystem of the capital.
Startup shut and failed last week
Pet Care Startup Baroo Shuts Down– This week, Baroo, a Boston-based pet care startup, announced it was shutting down operations. Based in Boston, Baroo had over 100-person staff, including 100 part-time pet handlers who provide building residents with $20 dog walks, $70-a-night pet-sitting, and grooming services that run as high as $600. Founded in 2015, Baroo had raised $3.5 million in funding.
GoBee Bike throws in the towel in France – Bike-sharing startup GoBee Bike is giving up and shutting down in all French cities where it operates. GoBee Bike operates just like Chinese giants Ofo and Mobike. You open the app, you find a bike on the map and you unlock it by scanning a QR code. Once you’re done, you lock it again and leave it there — there’s no dock.And yet, the startup is blaming vandalism and says that the service would stop immediately. It’s worth noting that users will get a refund on their remaining balances and €15 deposit. This is a nice gesture.