Wayra, la aceleradora global de startups tecnológicas de Telefónica, anuncia su primer “Demo Day” internacional el 12 de diciembre en Miami, Estados Unidos.
Durante este encuentro se presentará ante la comunidad inversora americana, reunida en el marco de la Americas Venture Capital Conference (AVCC), una selección de las startups aceleradas durante este año en sus doce sedes de Latinoamérica y Europa.
Las startups presentarán propuestas a problemas y oportundiades de negocio en áreas tales como “cloud computing”, video, HTML5, servicios financieros, aplicaciones móviles, e-Health y seguridad, entre otras.
Por parte de Wayra Argentina, Quolaw participará de este hito. Leer más “Una startup de Wayra Argentina presentará su proyecto a inversores de EE.UU.”
Several years ago, I moved to Silicon Valley to pursue a healthcare-related postgraduate degree. The first six months or so of school was the most rigorous academic experience I’ve ever had. Forty plus hours in the classroom per week plus study time crammed into short quarters was much more than I could handle.
Manage Your Time… Leer más “Time & Follow Through on Your Goals”
Whenever I’m looking for design inspiration, i always end up on startup websites. They are, in my opinion, the best of the best in terms of what you can see online. And this, for one simple reason. The performance of a startup, online, directly correlates to how well designed their website is. This is why startup websites act as a great guide for me in my design process.
We just got back from Poland were we were invited to give a talk at one of the largest investment forums in Poland, the Satus VC investment forum. It’s been a very interesting trip. We were initially connected with them in San Francisco and we had a long conversation on the need of getting European companies outside their local boundaries.
Satus VC runs 3 different incubator programs across Poland and as such, it has a very large pool of startups in its portfolio. Because they touch many fields, they have very different types of companies, some of which have global goals in sight. And as such, they asked us to collaborate with them in aiding these startups when it comes to communicating and going global.
So we delivered a first talk on the matter that judging by the feedback we got from many attendees, it was very well received and it nailed down the major problems Polish, and most definitely, most Easter European companies are experiencing in terms of market location.
We can’t stress how important it is for European companies to break the local barriers and start thinking in a global way from day one. Most people would mistake thinking global with going international. While it might seem similar, one is a probable consequence of the other. Leer más “Thinking global is not an option for startups anymore // blog.press42.com”
1) Responsibility, accountability, impact: at a startup it’s unavoidable to have lots of responsibility and accountability. There’s no doubt, too, that being at a startup will put you in a position to make a huge impact. If you do amazing work the entire company and all of its customers will benefit from it. And you’ll be loved for it. You’ll get notes from the CEO and other leaders complimenting you on how awesome your work is. On the flip side, if you make a big mistake, the whole company pays for it. But keep in mind that most startup cultures prefer agility and speed to cautiousness. It’s likely that your mistake won’t actually get you in trouble, as long as you were trying to do the right thing.
2) Risk: working at a startup is riskier. The startup likely isn’t profitable, and probably only has at most 12-18 months worth of money in the bank (this is called the startup’s runway). If the company does very well, the CEO will raise more money and extend the runway. You’ll still have a job and each round you’ll get a salary closer and closer to market rate (more about this later). If the startup doesn’t do well, you’ll be out of a job when the startup runs out of money. But you’ll be forewarned if the CEO is transparent — most of them are in earlier stages. A startup is risky because you’re building something from nothing. You’re doing something ridiculously hard because you believe in it and want nothing more than to see it succeed. You’re not failing even when all the odds are against you. You’re the underdog in many ways.
And by the way, if you’re a good engineer you’ll have zero issue finding another job. Zero. Every company in software, big and small, needs more good people. This trend won’t change for a long, long time, either.
I’ve spent the last few weeks trying to recruit friends of mine to come work with me at my super early startup. In doing so I’ve had to educate a lot of my friends on what it’s like to be at a startup, and why you might want to join one. This blog post is a summary of all that advice. Oddly enough, I wrote a similar blog post my senior year of college while interning at Redfin. And since college I joined Cloudera before they were funded and left when the company closed its Series C, or third round of funding. The advice below mostly comes from my experiences at Redfin and Cloudera. Leer más “10 Facts About Working at a Startup vs. a Big Company”
As Charles Hudson, a venture partner at SoftTechVC said yesterday on BloombergTV, investors feel safer making inherently risky bets on entrepreneurs who remind them of themselves. When the vast majority of venture firms are led by men, that’s where the money is going. Despite this, women are getting funded more often than ever before. They’re founding profitable companies which will have or have had successful exits.
She goes on to state that “Women don’t want to do startups because women want children”. She says startups are risky, require more time and women just don’t care about things like that.
Men want children just as much as women want children. This doesn’t seem to affect their career choices. As women are having children later and later in life, they have the opportunity to spend their twenties founding a startup. Even when they have children, if they have a partner who is willing to parent equally, they have the opportunity to spend their time founding a startup. Startups do require more time and risk, but women are just as free to take these chances. As more women are getting funding, the risk decreases as they can have a normal salary, benefits and many of the securities of working for a larger company.
She states that women in their twenties outearn men, so surely they can do whatever they want in their careers. Startups just aren’t for them.
Women often hit a glass ceiling in their late twenties/early thirties that their male peers don’t seem to hit. This, and not children alone, contributes to women leaving the workforce entirely or only working part time. When women don’t feel they are rewarded for their hard work – they leave. This is a problem that can and should be fixed. It is not a problem that is caused by women not caring about the work they do.
What is this? Mad Men?
I’ve always wholeheartedly disagreed with her remarks about women in technology, but she’s continued to push her views as guest posts on several of the blogs I read. I’m actually surprised VentureBeat and Techcrunch have published her posts considering her rampant generalizations of women in tech, but unfortunately I think they find it intriguing because she’s a woman herself. Thankfully, for the women who push themselves each day as founders or early startup employees, she is utterly wrong.
Her first assumption is “If diversity was really a problem, VCs would be solving it” Leer más “Solve the “Woman Problem” by Ending Your Stereotypes of Women”
3. Do your homework
More often than not, real success comes from doing your homework. There’s no use in launching a revolutionary product if your market simply isn’t ready for it. So do your analysis, beta test your product, see who bites, and don’t ever be afraid to put out a free tester. Once the thumbs go up and the market says “yes please”, then you can start selling, and make a very strong case to potential financiers, who can help you to take your business to the next level.
4. Manage your cash-flow
Potential venture capitalist partners are looking for a solid sales track record. This doesn’t just mean more money; it means giving your prospective venture capital investors something to measure ROI against. If you can manage a solid growing flow of sales, then your prospective VC partners are able to feel a lot more secure about your ability to manage and nurture their seed capital.
Professional VC companies have a very strict litmus test on profitability. Most will not accept a loss-to-win ratio of less than 50%, so you really need to be able to show them that your idea has the capacity to go all the way, and that you are the one to take it there.
5. Change your mind-set
In spite of increasing opportunities, going it alone continues to be a frightening prospect, particularly in developing economies.
However, armed with the correct mind-set, and the right amount of hard work, research and planning, there’s nothing stopping you from turning your big idea into big business success.
Throughout the world, and particularly in emerging market countries, the entrepreneurial landscape remains notoriously difficult to navigate, with an estimated 80% of small businesses failing to sustain themselves for a period of longer than five years.
However, with an increasing percentage of jobs now being directly attributable to small business ventures, financial backers in both private and public sectors are slowly starting to acknowledge the substantial impact of entrepreneurial activity on a nation’s economy.
Yet, in spite the rising global trend towards venture capitalist backing of tech startups, there remain very few such initiatives present in emerging markets. Can this be accredited to unsustainable entrepreneurial ecosystems, or is success simply a mind-set shift away?
A venture capital investor once told me that, out of ten investments, he expected seven to fail, two to return his investment and one to make a fortune. Those are fairly frightening odds for someone investing large amounts of capital, but even more terrifying for someone looking to leave the security of the job market to launch a start-up business.
What’s more, bankers and financiers are generally not intent on funding ideas that might be perceived as “pie in the sky”, particularly when it comes to the technical and creative industries.
As a result, it’s no wonder that many start-ups end before they even crank up the proverbial engine, the main reason being they couldn’t raise the venture capital financing required to start, or were simply too afraid to try.
1. Reduce your risks… Leer más “5 Tips for taking your tech startup from big idea to business success”