News 27 Nov 2016


  • How a Digital Tool for Grandma Turned Into a Startup – Three years ago, Priscilla Elora Sharuk was trying to help her grandmother, who had Alzheimer’s disease, deal with an everyday task that had become frustratingly difficult: remembering passwords for websites and software. Ms. Sharuk, an architect, told her computer-engineer friend, Antoine Jebara. He then created a USB device that automatically and securely logged on to all the needed computer programs, eliminating the need to remember passwords. (Wall Street Journal)
  • Startup jitters send workers to older firms – When he started thinking about leaving Apple Inc. this year, Darren Haas briefly contemplated Uber Technologies Inc., where many friends worked. Instead, the cloud-computing engineer pursued an opportunity he considered more exciting: General Electric Co. Excitement and a century-old industrial company don’t usually mix in the minds of Silicon Valley talent. But Haas said hard-core challenges at GE, like keeping planes airborne and nations’ water systems flowing, sold him. Now, he pitches potential hires from late-stage startups on those same big projects, along with competitive compensation. (nwaonline.com)

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  • India’s Cash Ban Is the Best Thing to Happen to Digital Payments –  Vijay Shekhar Sharma’s Twitter feed has come alive these past two weeks. From a roadside egg-seller in Bhopal to a soda hawker in Bangalore, the founder of Paytm has posted snapshots of the unusual array of merchants who ply the teeming streets of India — and are now turning to his digital payments startup for help.
  • Bank Loans Aren’t the Best Way to Spark Startups – Bank loans and venture investment are both crucial sources of capital for growing businesses. But which does a better job of helping those companies grow and boosting entrepreneurship overall?
    To tackle that question, together with our co-author Rebel Cole, we analyzed data on small businesses that were compiled by the U.S. Census Bureau going back to 1995. The results were published in the Journal of International Financial Markets, Institutions, & Money. The conclusion? In general, venture capital plays a greater role in stimulating the formation and growth of new firms. (WSJ)
  • E-book startup Snapplify raises expansion funding – E-book startup Snapplify has raised an undisclosed funding round from existing backer South African venture capital (VC) firm AngelHub Ventures, alongside NuState Capital and an United Kingdom-based investor, to enable the startup’s cross-continental expansion. (disrupt-africa.com)
  • Start-up community generates £196bn every year for UK economy –  The report showed that entrepreneurs are helping to tackle the problem of unemployment by starting up their own business, with 45 per cent of those who applied for a start-up business loan being unemployed at the time. The lowest number of start-ups was in 2009 during the recession, with the number of businesses created that year standing at 269,000.
  • Dignitaries and speakers laud the govt’s initiative to make India a startup hub at Digital India event – Yourstory

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