A compilation of important news from the startup world:
Modi government to launch ‘Twitter Seva’ for startups in India on April 21
As part of its steps to support budding entrepreneurs, the PM Narendra Modi government on April 21 will launch a new service, Twitter Seva, to address various queries of startups in India in a time-bound manner…..
Startups should have offices in suburbs to cut cost: CBRE
Start-ups should ideally have offices in suburban locations that command significantly lower rentals in order to cut costs and boost profitability, says property consultant CBRE. In its new report ‘Corporate Real Estate (CRE) strategies for start-ups in India’, it said, “the abundance of a technically skilled workforce and India’s demographic and economic dividend has created an immense opportunities for a thriving start-up ecosystem”…..
After Decades of Conditioning, India is Re-Aligning Itself With the Culture of Entrepreneurship
Widespread disruption in the world of business has caused 70% of companies on the Fortune 1000 list to fall off the map since 2003. One can safely extrapolate that very few Fortune 1000 companies will be around in another 30 to 40 years. Instead, a new breed risk-takers and innovators in the form of entrepreneurs are beginning to line up on the horizon of business world…..
Large cos, not varsities, new startup garages: Mahindra
A corporate garage, unlike a dedicated venture capital or private equity fund, also has the advantage of being more flexible and staying invested for a long-term, Mahindra Group Chairman Anand Mahindr has said. Terming the domestic startup ecosystem as “extremely robust”, Mahindra said even though it trails the US and Israel at present, India is set to become the “hottest startup spot in the world.”….
Take it from the gurus: An app that traces India’s IT history
In a first of its kind initiative, 44 technologists have come together to virtually walk you through the milestones in the evolution of India’s information technology (IT), the sector that catapulted the country to its current position of power. The project, a brainchild of Infosys co-founder and former CEO Kris Gopalakrishnan, chronicles the Indian IT sector and will be rolled out in the form of a mobile app titled Itihaasa on Sunday…..
This 26-year-old doctor turned serial entrepreneur and investor has invested in 26 startups
Ritesh Malik has been listed on the Forbes 30 under 30 in the Finance and Venture list (Asia) 2016.In 2012, a major breakthrough came when Adstuck (a company Ritesh co-founded in his final year of medicine) sold its flagship product (ALIVE) to Times of India…..
FMCG companies like PepsiCo, P&G follow in startups’ footsteps on incentive front
Fast-moving consumer goods companies have started giving their best employees the kind of extraordinary incentives that startups have come to be known for after a gap of almost two years, during which it seemed only ecommerce firms were being generous in their efforts to retain talent…..
T Rowe cuts valuation of Uber, Airbnb, Flipkart, Dropbox, and others
Mutual fund T Rowe Price has cut back its valuations in most of its tech startup investments, including Uber, Dropbox, and Flipkart, according to its filings. This is the second time in less than two months that a big-name investor has taken the axe to top tech unicorns of the world. Morgan Stanley beat down some of its investments in February…..
Draper Associates’ new $190m seed fund has eyes for India and Indonesia
After investing in hundreds of companies over decades, famed venture capitalist Tim Draper is trying something a bit different with a new US$190 million seed fund from Draper Associates. Historically “a personal investment vehicle for Draper,” in the firm’s own words, it has brought in partners for the first time this week to debut the new early-stage venture fund. The VC has backed some huge names in tech like Tesla, Baidu, Twitch, and Skype….
How Silicon Valley can put local businesses back on the map
The latest U.S. Census data shows that 90 percent of all businesses in the U.S. have fewer than 20 employees, and 99.9 percent have fewer than 500. Small businesses provide 55 percent of the jobs in the U.S., and that number hasn’t changed significantly in the past century. It’s safe to say the U.S. economy wouldn’t run without small businesses…..
Follow the Bouncing Tech Bubble
Two contradictory trends are swirling in the world of tech startups. First, what had been a torrent of money rushing into young tech companies has become a babbling brook in the past six months. This has been a healthy development that has forced Silicon Valley to migrate slowly back to the altar of profits. The second trend, though, is incompatible with the first. Venture capital firms — that is, the financiers who write those checks to startups — are collecting more money than they have in years…..