A Three-Part Formula on Fueling Startups

While exploring how a new venture can succeed with their paper “Turning Lead into Gold: How Entrepreneurs Mobilize Resources to Exploit Opportunities”, Bala Vasaa and his co-authors were able to come up with a three-step process to mobilize business resources. Step 1 is to search for resources such as financial capital, human capital and social capital. To do so, entrepreneurs need to identify where to find the resources and this task can be tedious as too many entrepreneurs limit their search on the world they already know. Step 2 is to persuade the ones with the appropriate resources to come on board. Entrepreneurs can access resources in many ways from a successful pitch, to convincing potential employees, to alliances and affiliations with other companies for their social network. To successfully acquire the resources, research shows that a compelling narrative of the startup weights a lot on persuading investors. Lastly, step 3 is to deploy the acquired resources. Entrepreneurs may still face brakes from formal contracts, informal agreements or authorities even after acquiring the resources as they depend on the resource holders. This dependence is good because it favorizes transfer of resources but at the same times, makes the founders sometimes vulnerable.  Read More >>

How a blockchain startup with 1M users is working to break your Google habit

Google over the last decade has completely taken over the internet. Anyone or any company that has tried to put their stake in has immediately been shut down. However, Presearch, a 2017-founded, pro-privacy blockchain-based startup that’s using cryptocurrency tokens as an incentive to decentralize search hopes to loosen Google’s grip. As far as users, Presearch has just passed a million registered users — and says monthly active users for its beta are ~250k. For now, Google remains dominant in search but for how long can this dominance really last? Read More>>

How Squishy Robotics Created a Robot that can be Safely Dropped out of a Helicopter

The newest of the cadre of robots being deployed into extreme conditions comes out of UC Berkeley’s Skydeck Accelerator from a company named Squishy Robotics. Devin Coldewey of TechCrunch.com writes that the company went public recently at the Robotics + AI Sessions event hosted by TechCrunch, and that the inspiration for the company came from the need for on the ground reconnaissance of extreme situations where first responders can potentially lose their lives. The robot uses a proprietary “tensegrity structure” — technology based off of a complex web of cable-activated rods. Read More>>

Start Me Up: Where Mobility Investments are Going

What areas of the market have projects that are so huge that multitude of groups of investors must team up to realize the full potential of the project? Research by Daniel Holland-Letz, Matthias Kässer, Benedikt Kloss, and Thibaut Müller of McKinsey and Company indicates that electrification, the Internet of Things, smart mobility, and autonomous technology all represent a significant investment by major players in industry. Many of these technology investments constitute transactions valued at greater than $1 billion. What are trends that you should keep track of going forward and what of note has happened in the mobility investment realm in the past twelve months? Read More>>

Why Hiring Senior Leaders Early is Worth the Investment

Since the very onset of business it has been common knowledge that people are the key to a business’s success. What is less talked about is how pivotal the timing in which you hire these key people is. Philip Mundy of OpenView.com talks about hard-learned lessons regarding talent acquisition. This element of his business made the difference between the slow growth and necessary restructuring of his first venture versus the boom of his second. What are the benefits of hiring the senior level talent of your business early on and how can this timing make or break your venture? Read More>>

Deloitte reports on technology forces reshaping space sector

“Space, the final frontier”, says Spock in the opening lines of Star Trek. The show is one of a multitude of different pop culture phenomena that flourished largely due to the fascination of humanity as to what must lie in the unknown that our planet floats through. We are lucky enough to live in a time where this frontier is being slowly and surely penetrated through the efforts of private companies and governments alike. The company Deloitte publishes yearly reviews on the general technology trends happening in industry but this year released a publication on trends in technology shaping space travel in particular. Debra Werner of SpaceNews.com reports on some of these trends. You may have the technology of the future in your home already. Read More>>

You Just Bought a Small Business. Now It’s Time to Lead

Acquiring a small business can in many cases be a lot different from starting a business from scratch. However, the personal reasons for starting or acquiring a business stay consistent; the ability to impact an outcome, your own personal development, confidence and faith in yourself, or financial reward. Although acquiring a business usually is a faster and easier route to take, it does offer unique challenges that many entrepreneurs are not prepared for. One major challenge is establishing credibility in an organization that is already developed. Convincing your employees to trust in your vision and goals can help to create a strong organizational culture, which will, in turn, lead to a more successful- profit bearing company. Read More>>

 

 

As researchers pursue links between bacteria and human health, startups stand to benefit

In 2009 The National Institute of Health discovered that there was a direct correlation between gut bacteria and overall human health. This encouraged many investors to start to look towards investing in companies who are willing to commercialize tools that can help discover this correlation. Startups like: uBiome, Viome, Finch Therapeutics, Kallyope, Second Genome, Human Longevity, Maat Pharma and Seed have raised over half-a-billion dollars in just these few short years. Some of these companies sell to big pharma, while others sell directly to consumers. These consumer first companies offer an at home microbiome kit to customers and then offer feedback on what possible changes these consumers can make in their diet to improve their overall health. Read More>>

The Performance Trick Elite Athletes Use That Every Entrepreneur Should Know

There are an abundance of tropes made in comparison between professional athletes and entrepreneurs that most of us have heard before: “endurance and mental strength are the most important elements of successful entrepreneurship”, “practice makes perfect”, “determination is key”. Nicholas Sonnenberg, the co-founder of the entrepreneurial outsourcing platform Leverage, writes in an Inc.com article that a less talked about tool in the arsenal of some of the greatest athletes could be instrumental to entrepreneurs. What do the Rock and Kobe Bryant have in common and how can you use it to step away from some of your limitations and “show up the way you want to show up” in your job or new business? Read more>>

If You Can Show Me These 7 Elements In Your New Venture Plan, You Are on the Road to Success

Many people have begun to voyeur in new venture creation in the past few years as the climate becomes increasingly favorable to entrepreneurs. A huge part of the improvement in market climate comes from the swelling ranks of venture capitalists (VC) looking to grow their capital with promising businesses. These VCs see a number of different entrepreneurs in their quest to invest. According to Martin Zwilling of Inc.com there are some key attributes that unite the entrepreneurs that obtain financial backing and differentiate them from the entrepreneurs that do not. How do a few very basic steps taken very early on in the venture planning process prepare a business to go to market and thrive? Read more>>

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