A study carried on 19.9 million scientific papers and 2.1 million patents generated over 5 decades shows that teams produce more work than individuals do and the teams are getting bigger over time, It was further observed that these teams produced work that was more often cited than the work of an individual. It is strange that the team have a combined level of intelligence known as collective intelligence which is not really the sum of all intellects on the team. A study on collective was carried out on various teams by involving the members in solving visual puzzles, brainstorming and other exercises. It was concluded that teams performed better when the members were more perceptive to their teammate’s feelings and opinions, It also suggests that with more women on the team the success rate improved because woman are more perceptive and when turns were given to all the members to speak out rather than being dominated, teams performed significantly better. Thus it becomes imperial that a manager assembles and handles his team in order to reap the benefits of all the individual talents. Read More>>
On November 11th 2019, A group of Investors took a trip to Lancaster, California in order to witness the major breakthrough that Heliogen the latest startup of Bill Gross the founder of Idealabs was unveiling. They are a company that aims to reduce the carbon emission involved in the manufacturing of cement, lime, coke, and steel which are some of the most energy-intensive and polluting industries currently. Heliogen’s indigenously developed solar concentration technology has the capability to attain high temperatures required for the manufacturing processes and they are on a quest to one day replace fossil fuel completely. The setup involves Four high-resolution cameras that capture real-time video of a field of mirrors that are controlled by sensors to focus the sun’s energy on a particular spot either at a transmission pipe used to transport gas, or a tower, is heated to over 1,000 degrees Celsius. The testing facility has 70 mirror panels that prove the technology will work. However, the real model will have mirrors spread across 2 acres and will also integrate with the current fossil fuel burners ensuring 24hr long working of the plant, but with almost 60% reduction in usage of fossil fuels. Read More>>
As an entrepreneur sometimes you are forced to work alongside people who are really difficult to handle although this could have been avoided if they are not the boss of the company. Often the challenging or difficult people are mistaken to the bad ones, The challenging ones are those passionate and committed ones who stand up against the crowd and voice out their opinion showing a certain level of abrasion occasionally. But on the contrary, the bad ones are those who hinder the growth of the company and also lower the morale of co-workers and serve no good to the company. Although it is difficult initially to distinguish between the two, it is the role of a good supervisor to weed out the bad ones and let the challenging one’s voice out more. Not only does this ensure everyone’s opinions are heard but also ensures that there is a new perspective to a given problem and also eliminates the error that might have occurred if the whole team was too harmonious and everyone considered going with the group’s view imperial over raising concerns. Read More>>
Living in a smart home neighbourhood is both convenient and sometimes creepy admit the residents of Black Diamond a suburb of Seattle, The younger generations of the family love using the technology to voice-control their home lighting, setting up reminders and also using it to call people and play videos on their display screens. However, the older ones feel really threatened by the surveillance features that accompany the smart home facility this is mainly because of the presence of cameras in most of the rooms and the exterior walls that track motion both inside and outside the house. automatic switches save data and doorways keep a log of people, this data can be stolen by someone in order to make a revenue out of it which posses a serious threat. Amazon has a tie-up with construction companies inorder to promote the use of their smart speakers and voice control devices, this also gives the construction agency a unique selling point over other builders in the locality. But is all this high tech stuff really worth what’s at stake? Read More>>
There is no defined path to be a successful Entrepreneur and no one has ever done it the same way twice. Every entrepreneur has to make his own tough decisions and set their priorities. But, there are certain things if unchecked leads to a definite failure no matter the hard work or clever strategies followed. The serial entrepreneur Sir Richard Branson who has succeeded in diverse fields shared his five-part formula for success irrespective of the business.
- Create something that is useful and would benefit society as a whole.
- Keep your brands pitch dead simple.
- Put yourself out there for the world to see and potentially laugh at.
- Adapt to social media marketting.
- Genuinely Believe and love what you do. Read More>>
The marketing skills are divided into 3 different segments namely product marketing, demand generation, and brand marketing. Each kind of marketer possesses critical skills that are imperial to the company. However, marketing hires frequently fail in a startup because they do not hire marketors with the right skill set at the right time, which leads to the question of who should be hired first? In the past decade hiring a product marketer at start has fetched consistent success to Startups, the reason behind that is the fact that by laying down a firm foundation for the company in terms of the target audience and what should be conveyed to the audience, further marketing is made more efficient by having campaigns that are well-directed and are more relatable. This paves way for the demand generators and brand marketors to reap benefits from the already existing framework of the company and the company to thrive better because they have a better understanding of their customers. Read More>>
Angular Ventures a VC firm founded by former DFJ Esprit partner Gil Dibner targets startup firms in Europe and Israel to provide early-stage funding for deep tech startups. They worked in stealth mode building their portfolio from the past 2 years and have invested in 12 companies ranging from $250,000 to $1.5 million and they aim at making 5-7 new investments every year. Dibner who is the sole partner for Angular Ventures wants to build a sector-focused firm and plans to get rid of the geographical boundaries that hinder early-stage funding, they have made investments of $41million both in Europe and Israel ensuring a US presence in order to support portfolio startups globally. Read More>>
Roese, a professor of marketing at the Kellogg School who studies the psychology of judgment and decision-making claims that as a company develops its branding they make a transition from purely functional aspects of the product and service to the psychological side, that is critical for the creation of a long sustaining brand. Roese suggests 3 methods that the entrepreneurs can adapt in order to include early-stage branding into their startup plans.
- Define the personality of your brand i.e how it would behave if it was a person and this helps the company to have a vision and set up the guidelines for future growth.
- Develop a brand design Plan, Entrepreneurs will have to find the right balance between specificity and abstraction while defining their branding elements, so that there will be room for improvement keeping the same general theme.
- Having a well-defined brand, This makes the brand easily identifiable and ensures that the customers are familiar with your company even as you scale into new markets. Read More>>
“The lion that is desperate for the meal is going to be a lot more focused and smarter than the one that isn’t worried,” says Gary Hirshberg, founder of Stonyfield Farm. The above statement is a counter-argument to the advantages of the services offered by Epic Entrepreneur House in San Diego, At Epic we can see aspiring entrepreneurs working on ideas that could disrupt industries without being distracted. Here dry-erase boards line all the walls of the house and also an in house chef prepares all the meals. The prearranged social events make it possible that the friends of all those in EPIC visit them regularly. The dangerous road that was once walked alone by founders many years ago is now completely paved and lit up, this includes outsourcing of various supplementary tasks easier and with websites providing info on almost everything an entrepreneur needs such as how to pitch, what to wear and how to find VC’s makes it possible that one can start a bussiness all by himself. However, This is not welcomed by many experienced startup founders. Read More>>
The pitch was held at Doolittle Institute in Niceville, Florida on November 7th,2019. Over 9 startups pitched their products on Hypersonic Flight such as Mach 5 plus capabilities, These included small propulsion units to composite materials that are capable of withstanding very high temperatures and speed. The reason the pitch is so exciting is not just the same day contract of $750,000 that will be awarded to the winner of the pitch by the Airforce but also the opportunity presented by Airforce to the company to partner on the current up-gradation project of their warfighters such as F-35 with Hypersonic grade weapons. The pitch day winner will support the two major Air Force boost-glide hypersonic prototype efforts now underway: the Hypersonic Conventional Strike Weapon and the Air-Launched Rapid Response Weapon (AARW). Read More>>