Happy New year 2017. Here is a roundup of startup news from the week past
- Story of a failed startup: Cyanogen – Cyanogen, the company, formed in 2013 with the aim of commercializing the already popular CyanogenMod announced that it will be shutting down. Cyanogen in a blog post released late on Friday night wrote “As part of the ongoing consolidation of Cyanogen, all services and Cyanogen-supported nightly builds will be discontinued no later than 12/31/16”
- The Best Startup Accelerators 2016 – For a lot of startups, getting into an accelerator program can breathe new life and help a company grow from a tiny two man operation to a company with hundreds of employees. A startup accelerator takes a hands on approach with startups and helps them grow typically in an intense, focused, cohort based program.
- Volkswagen continues Technology Acquisition: to Purchase PayByPhone For Undisclosed Sum- Volkswagen Financial Services AG Acquires PayByPhone – Move Demonstrates Significant Confidence and Market Growth for Mobile Payments and Parking
- 2016 Africa roundup: drone delivery, VC, unicorns, exits and Zuck – Twenty-sixteen was a pivotal year for African tech. The continent’s IT scene attracted major investment, produced its first $1 billion startup, launched a national drone delivery program, and drew one of Silicon Valley’s biggest icons to tour its innovation hubs.
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We are entering an era of unprecedented adoption of progressive technologies and trends and mushrooming startups to meet the demand from consumers and enterprises. Startups and Entrepreneurs continue to dream-up and visualize unique startup ideas based on aggregating existing technologies and innovating new solutions. Some of the trends like Internet of Things (IoT), virtual reality (VR), self-driving cars – may be disruptive to our current order, and might indeed usher seismic innovation and changes. However, some of the innovations are just aggregation of existing technologies and techniques that will nevertheless bring in efficiencies and better ways of working.