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A weekly roundup of top news for Startups and Entrepreneurs
- How One Startup Broke Into Government – A partnership with a local startup helped San Leandro, Calif., make sense of new data sources. Snagging a government customer can be a daunting prospect for a startup company, typically short on manpower and resources to compete against more established vendors for public-sector contracts. But through San Francisco’s Startup in Residence (STiR) program, Bay Area-based analytics firm LotaData is expanding the capabilities of nearby San Leandro, Calif., to delve into its data in new ways.
- 71-year-old Mahindra Group wants startups to flourish in its tractor garages –Anand Mahindra believes Indian industry is at an inflection point. And he is readying his company for the future.He is overseeing the sprouting of new-age entities under the canopy of his 71-year-old conglomerate, the Mahindra Group, with its presence in 10 sectors and annual revenues of $17.8 billion. The group chairman believes that the differences between brick & mortar, family-owned businesses currently dominating Indian industry and digital-era startups will soon vanish.
- Let’s celebrate failures…Three mistakes of my startup life – Ankit Rawal
- Mistake #1: Hiring candidates who want to get on a rocket but insist on a window or aisle seat – Learning #1: Hire for Smarts FIRST, Skills LATER.
Mistake #2 Outsource the culture of the team/company to the HR Department – Learning #2: Entrepreneurs/team leads cannot outsource culture. You have to own it, live it.
Mistake #3: I know it all! I am the rainmaker with the midas touch! Learning #3: Stay Hungry, Stay Foolish
- Starutp Q&A: What cost factors should be considered while starting an E-commerce business?
- Facebook arm to invest $40,000 in Hyderabad start-up – Social networking major Facebook has invested $40,000 in an Indian start-up that aggregates home services. Facebook has deployed its investments in FIXU through its arm FbStart, which helps developers grow their start-ups by giving them access to tools and services and global events.
The investments will be in the form of credits that are translated into various opportunities, which include interactions with Facebook and global exposure. Promoted by Vamshi Krishna and Nikhil, FIXU has technology that on-boards home service vendors such as plumbers and electricians. “We have roped in 170 vendors so far and currently serve Hyderabad city. We can track the entire process using automated tools,” Vamshi Krishna told BusinessLine.
- Transforming large organisations at start-up speed – The age of the start-ups is upon us; disrupting industries across Australia and the globe. Innovative businesses are offering increased convenience to customers at lower costs, facilitated by the integration of high-speed mobile connectivity, the internet of Everything and advanced analytics. Companies need to keep up or risk being plagued by digital disruption and fall further behind in the technology race.
- Startup Q&A: How long will Indian e-commerce companies like Flipkart and Snapdeal keep burning someone else’s money?