News roundup from the startup world
Creative ways to promote your startup for free – Creating your own business is no easy task. Here are helpful but creative ways on how to promote your startup for free. Venturing out on your own and launching a startup is no easy task. Coming up with possible ideas for products and services is never to be taken for granted. You never know if it is worth the risk until you take that leap of faith and start your own business. One of the most difficult things for recent and young startups to do is generating awareness around their brand. In addition, creating buzz with regards to the products and services they offer. One major restriction they have is trying to promote themselves while working with a limited budget allocated to marketing.
Proposal for Best IT Startup Award introduced to Armenia PM – An initiative for Best IT Startup Award was introduced to the Armenian prime minister Karen Karapetyan on Friday, September 15. The premier had a working lunch with representatives of the Union of Information Technology Enterprises (UITE), the Union of Employers of Information and Communication Technologies (UEICT), and some other companies.
Startups Finance and Fundraising
Northwestern Mutual to invest up to $85,000 in local startup – Milwaukee-based Northwestern Mutual Life Insurance Co. will invest up to $85,000 in a local startup company through a reverse pitch competition.The competition, which aims to solve one of five business challenges for the insurer, will kick off during Milwaukee Startup Week on Nov. 6, said Matt Cordio, an organizer of the week and president of Startup Milwaukee and Skills Pipeline.
cial Network Startup Islands Raises $1.9 Million – Islands completed $1.9 million in seed financing. Four investors contributed to the round, including Greylock Partners and Vaizra Investments. Islands is a digital platform for communication. Founded in 2016, the San Francisco-based startup launched out of stealth today. It offers users different channels, or “islands,” through which they can organize volleyball or other sports games, share class notes, or sim
Startups that failed last week
5 failed startups that were well-funded in the beginning – Startups can make or break entrepreneurs. The reality is not all of them can be successful and sustain it in the long run. One major hurdle is financial backing. However, if a startup is well funded, nothing can go wrong, right? Well, these five well-funded startups got a reality check: it takes more than money to be successful in the industry.
Meal delivery startup Full Fridge shuts down after funding well runs dry- It was in operation for about a year with the novel concept of targeting meal delivery at middle-income Americans. That did not attract enough investor interest, according to co-founder and CEO Federico Galarraga: “Investors didn’t know what exactly to compare us to.”
Failed Startup: Juicero Runs Out Of Juice – Juicero, a Silicon Valley juicer startup that raised $120m from investors and was widely ridiculed after the $400 machines were revealed to be the equivalent of two hands squeezing a juice box, is shutting down.