STARTUP MISTAKES
Farm startups bent on shaking up Cargill, ADM are stumbling
Startups in the agriculture sector, like Indigo Ag Inc., Gro Intelligence, and Farmers Edge Inc., are facing challenges as they struggle to disrupt traditional giants.
Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
Here are the key mistakes that founders make at different stages of building startups
When you a building a startup you must know what are the things that could go wrong while launching your dream project. To make it easier for you, we have made a list of mistakes that founders are likely to make at different stages of growth and funding of a startup.
Tensions rise in Silicon Valley over sales of startup stocks
Tensions over the shadowy and often enigmatic market of private company stocks have reached a boiling point, just as the buying and selling of such shares has grown bigger than ever. At its center is an age-old debate: Should everyone have access to the riches and risks of investing in Silicon Valley startups?
Startups, entrepreneurs should comply with laws irrespective of size: MoS IT Rajeev Chandrasekhar
MoS IT Rajeev Chandrasekhar cited Byju's as one of the companies which grew too rapidly, without establishing the required corporate discipline. Addressing the ongoing regulatory changes in fintech without mentioning Paytm Payments Bank, the minister said that regulators must establish boundaries to ensure the transactions are legit.
When Shark Tank's Deepinder Goyal turns into 'Ashneer Grover lite' and fans are loving this 'dogla twist'
In a recent Shark Tank India Season 3 clip, Zomato CEO Deepinder Goyal's critique of business pitches drew attention, leading to comparisons with ex-judge Ashneer Grover. The show's official handle shared Goyal in 'Shark mode,' critiquing contestants for presentation errors. Goyal's meticulous approach resonated with viewers, emphasizing the importance of precision. Despite the positive response, social media expressed a longing for Ashneer Grover's return. Shark Tank India Season 3 premiered on January 22, featuring entrepreneurs pitching to a panel of judges.
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US authorities charge tech startup Bitwise co-founders for $100-million fraud scheme
Hundreds of Bitwise employees lost their jobs in May 2023 when the scheme was exposed, according to the US Securities and Exchange Commission, which filed civil charges against the company's co-CEOs on Thursday in federal court in California
The rise of the solopreneur: Reinvention is the key to career longevity
From waves of corporate layoffs to geopolitical instability to “quiet cutting” — when an employer does not fire you but reassigns you to a job you may not like — it all points to a realization that reinvention may be the order of the day when it comes to managing your career.
STPI, TiE Delhi-NCR launch initiative for startups to get access to investment, mentorship and global connect
This initiative is aimed to helping startups looking at scaling stage, growth stage, product diversification or planning expansion into new geographical locations.
Ambition to grow AI, startup innovations as important as AI safety: MoS IT Rajeev Chandrasekhar
Addressing the AI Safety Summit 2023 held in the UK, the minister of state for electronics and IT said it is not a binary choice for India to do AI safety at the expense of growth of digital economy.
Governance lapses, irregularities prompt LPs to drive changes in startup investments
An LP (an individual or an entity) is the money behind a VC or private equity fund. In the past 12-18 months, allegations of governance lapses or financial irregularities have surfaced at startups such as BharatPe, Trell, Zilingo, Mojocare, Phablecare and 4B Networks. Prompted by these reported instances of mismanagement and lack of oversight, LPs are driving changes in their relationships with VCs who recommend and manage their investment funds.
The Economic Times Startup Awards 2023 Special
The Economic Times Startup Awards ceremony took place in Bengaluru, where the focus shifted to profitability and sustainable growth for Indian startups. The event featured panel discussions and speeches by Union Minister Piyush Goyal and Minister of State for IT Rajeev Chandrasekhar.
ET Startup Awards 2023 | Indian startups go back to the basics in a changed world
A high-powered panel, with some of the top names from India’s tech brigade, discussed the new order and how they were laying the foundation for sustainable revenue and profitability. The panel also touched upon how the focus for startups continues to be public markets.
ET Startup Awards 2023: Profitability ‘biz’word for Indian startups now
With union minister for commerce and industry Piyush Goyal and minister of state for electronics and information technology Rajeev Chandrasekhar as the guests of honour, ET feted eight startup champions at a gala ceremony in Bengaluru on Saturday.
ET Startup Awards | Funding winter is only in mind, cash exists for good ventures: Piyush Goyal
The minister urged industry to promote India-made goods and inform customers of the country of origin as they should be given a choice to be part of ‘Aatmanirbhar Bharat’.
ET Startup Awards 2023 | Strong vote of confidence a boost for startups Inc
Optimism takes centre stage as entrepreneurs, investors and policymakers gather to celebrate the best of new economy
ET Startup Awards 2023 | Funding winter more in the mind than in reality, says Piyush Goyal
Speaking at the ninth edition of The Economic Times Startup Awards (ETSA) in Bengaluru, the minister said that occasional roadblocks would only help the startup ecosystem mature and come of age.
A startup's alternative to Uber: Employing its own drivers
Dallas-based start-up Alto is aiming to challenge the dominant ride-hailing model by offering a safer and higher-quality service. Unlike Uber and Lyft, Alto employs drivers who are vetted, paid hourly, and have benefits such as 401(k) matches and healthcare contributions. The company has 2,000 drivers in five major cities and has seen its 2023 revenue grow by 30% compared to the previous year.
ET Startup Awards 2023: ZopSmart's resilience makes it winner in the Comeback Kid category
Five-year-old ZopSmart is a bootstrapped venture that provides tools to build e-commerce businesses, omnichannel businesses and digital commerce for conventional retailers. It provides services across geographies from Singapore to Japan, Europe, and the US in addition to India.
Delhi HC says Rahul Yadav’s 4B Networks’ right to respond in arbitration plea by Innov8 stands closed
The order came after 4B Networks failed to file a response despite being granted a “last opportunity” by the court in an arbitration suit filed against it for allegedly not paying dues to Innov8 amounting to over Rs 1 crore.
Mumbai Police files FIR, issues lookout notice against 4B Networks founder Rahul Yadav
The case has been filed against Yadav and Saini for allegedly cheating Rajasthan-based advertising firm Interspace Communication Pvt Ltd of over Rs 10 crore.
Data Protection Act: A ‘mind-what-you ask-for’ moment for startups & other top tech stories
Perhaps what could turn out to be one of the most crucial acts for Digital India was undertaken by the Indian Parliament through the passage of the Digital Personal Data Protection Bill, 2023 earlier this week. While the law will impact every entity in this country that deals in the personal data of Indian citizens, tech companies and consumer facing startups are perhaps going to be impacted the most.
Backing Rahul Yadav's 4B Networks was a mistake, says Info Edge's Sanjeev Bikhchandani
The consumer internet group has initiated arbitration proceedings against its portfolio company 4B Networks, founded by Housing.com cofounder Rahul Yadav, after the startup failed to provide crucial information about its operations and management for a forensic audit.
Nykaa Q1 profit up 8%, revenue jumps 24%; Backing Rahul Yadav's 4B Networks a mistake: Info Edge
Online fashion retailer Nykaa’s parent firm posted a 8% jump in net profit to Rs 5.4 crore for the April-June quarter, while operating revenue rose 24% to Rs 1,422 crore. This and more in today’s ETtech Top 5.
Data Protection bill to enable easier cross-border data transfer, act as an enabler for startups: experts
Cofounder and chief executive officer of Shiprocket, Saahil Goel said poor governance around data in other economies sets an example for data governance.
What are the common mistakes that people make while filing ITR? Preeti Khurana answers
Now, what the government has done from this particular tax filing is that all your tax payments, so whatever taxes you have paid are also now only appearing in your annual information statement which is your AIS.
Startup governance: Audits in focus amid financial irregularities at new-age ventures
Some of the auditors have in recent weeks made presentations to venture capital funds showing how their previous audits unearthed financial irregularities such as inflated revenue at startups, said a venture investor who has seen such presentations.
System of a down round: valuation markdowns hit Indian startups; to affect fundraising, IPO plans
Some of India’s biggest startup stars have seen their valuations slashed, and fallout is likely to impact fundraising, public offerings and employee morale in the entire ecosystem
Remote work one of the biggest mistakes made by technology industry: OpenAI CEO Sam Altman
Altman, who was speaking at a conference organised by US fintech major Stripe, said there is no technology available yet to enable complete remote work.
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