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Number 1 worldwide startup  community.   #WeeklyContest  for the best ideas with cash  prizes.  Expert assessment of your idea and affordable training from  mentors.  Use this bot for your Idea applications  @StartUpPitchbot  
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Since the beginning of the war, more than 2000 civilians have been killed by Russian missiles, according to official data. Help us protect Ukrainians from missiles - provide max military assisstance to Ukraine #Ukraine. #StandWithUkraine
#Books Top Books for Professional Self-development and Motivation 👩🏻‍💼📈 📘The Willpower Instinct: How Self-Control Works, Why It Matters, and What You Can Do to Get More of It — Kelly McGonigal It’s no surprise that willpower affects our physical health, financial well-being, social relationships, and professional success. But why don’t we have it enough? Seemingly, we control ourselves but then get emotionally overwhelmed and lose control. How to stop putting things off till the last minute? How to stay focused and handle stress? How to keep self-control? The books answers all these questions by providing ready-to-use strategies and setting concrete examples. This is a great read if you want to bring yourself to start up a business and let radical changes in your life. 📕No Mercy. Be Your Best With Mental Training — Erik Bertrand Larssen The author is an outstanding self-development coach and popular motivational speaker. In his book, Erik shares a unique experience of achieving success. He also introduces a working method for setting goals, pushing mental boundaries, and getting the desired results despite all odds. This is a bright and emotional book with a lot of motivation. It is targeting people who want to entirely fulfill their potential and overcome big challenges. 📙The Personal MBA: Master of the Art of Business — Josh Kaufman The book provides all the things entrepreneurs need. And the main one is faith. If you don’t believe in what you’re doing, you fool yourself to failure. Kaufman is convinced that the core value is not your education but personality. Whatever school you graduate from, it’s nothing if you are not passionate about your business. Josh Kaufman is a prominent manager who didn’t get any traditional business education. He consciously chose a non-standard path, preferring self-development and practice to MBA. From his own experience, Josh makes readers reimagine the way business works and inspires to make a fist move. 📗Getting Things Done: The Art of Stress-Free Productivity — Allen David Feel swamped by routine and can’t pull it off? Probably, the reason is you’re constantly switching into different tasks and overlooking something really important. This bundle of problems seems impossible to unravel. David suggests a solution — to automatize your daily activities and get free. His approach helps you be more effective and at the same time have a chance to take a rest when needed. The book teaches you to dissociate minor tasks from major ones, prioritize things, and make smart choices as a result. The key is clarity of mind and orderliness. Which book have you read or would like to? Comment below ⬇️
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#PitchYourIdea Kasrat Kar by Sumit Singh and Pankaj Jadhav 🗳Vote/Review - 🙋‍♂Pitch Your Idea - 💬Discuss in the chat -

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Essential: How Bad Reputation Can Ruin a Startup 🤦🏽📲 Total of investments: $300M Operating period: 2015-2020 The company manufactured mobile technology. Founded by Andy Rubin, Android CEO, Essential was expected to become the next unicorn and leader in mobile phone industry. In the latest funding, the company raised $300 million and was intended to develop a new smartphone. But things went wrong after the launch of Essential Phone in 2018. It was made of titanium and equipped with an unframed display. In spite of the high expectations from specialists, the startup sold only 150,000 phones by May 2018. In addition, Andy couldn’t release Project Gem for smart home systems which popped up only in the company’s commercial. In February 2020, Essential reported on its closure. “Despite all our efforts and that we did our best, we don’t know how to deliver our products’ value to customers. In this regard, we made a hard decision to close Essential", the company said in its blog. ❌Failure Cause The amount of investments allowed the startup to stay afloat for only three years. But the series of events happened to the founder and business as a whole resulted in shutting down. The first product Essential Phone was aimed to revolutionize the smartphone market. However, it failed to impress customers and ended up unclaimed. As a result, Andy didn’t manage to create a new "IPhone" and the product didn’t live up to high expectations. The second project of the smart home management system was being developed under wraps but wasn’t logically completed. What made matters worse was the pandemic consequences and several scandals which Andy Rubin got into. Under such circumstances, he couldn’t keep working on Essential any longer. What do you think was the failure cause of Essential? Comment below ⬇️
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#PitchYourIdea Rooters by Wasa 🗳Vote/Review - 🙋‍♂Pitch Your Idea - 💬Discuss in the chat -

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Do you want to learn venture investing?

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Dear all! 🌟 Our aim is to help you acquire new knowledge and skills in business. In this regard, we have one question to you ⬇️
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#BusinessEducation How to Choose a Mentor? Questions, Criteria, and Tips 🤝🙋🏼‍♂️ Previously, we told you about some basic notions of the mentorship like mentor’s role, qualities, and advantages. This time, we’ll practically teach you how to pick a great mentor, providing necessary questions, criteria, and recommendations. What’s the difference between a mentor and advisor? What questions to ask a mentor? How to make sure this is a good choice? Learn 👉
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How to Choose a Mentor? Questions, Criteria, and Tips
In the first part we delved into basic notions about mentorship, including metnor`s role, benefits, and required qualities. Today we`ll highlight the way mentoring is different from other similiar jobs and provide you with hands-on recommendations to choose the best mentor for your startup. Quick Overview First, let`s brush up your knowledge about what mentorship is. A mentor is a person who possesses extensive experience in the area you`re targeting and genuine willingness to help your project evolve into…
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#PitchYourIdea We Move by Joan Addy 🗳Vote/Review - 🙋‍♂Pitch Your Idea - 💬Discuss in the chat -

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Weekly Digest: Improvado’s Funds, Lemon Cash’s Achievements, and SpaceX’s Valuation 💎🌟 Improvado Raised $22M👤💰 This is a platform for analyzing and evaluating marketing business investments in social media promotion. Recently, it has raised $22 million from Updata Partners in the A funding. The startup plans to allocate the money for expanding the staff and improving the product. In 2021, Improvado’s team grew by 30%. The startup enables brands to quickly analyze profitability of their investments on social media like YouTube, Salesforce, and TradeDesk. According to Crunchbase, the total of raised investments is $8 million not including the latest funding. "Today we have employees in every time zone. By the end of 2022, we are intended to increase the team by 50% more in each field: development, support, and marketing," — the founder says. Lemon Cash: Crypto-Based Startup from Argentina 🇦🇷🍋 Argentina is considered one of the most promising regions for the crypto industry. The reason is the high inflation makes people look for an alternative to the national currency. Borja Martel Seward and Marcelo Cavazzoli took advantage of this opportunity by setting up a new fintech service. The startup is projected to become a unicorn by reaching the valuation of over $1 billion in 2022. Lemon Cash is a blockchain-based service that offers e-wallet services to provide both traders and users with access to cryptocurrency fast and safely. The platform helps customers send and receive money by credit and debit cards, as well as buy, store, and sell crypto assets like bitcoin and ETH. Lemon Cash has launched its own crypto card in the partnership with Visa. For payment, the necessary amount of money is converted into cryptocurrency and the customer receives a 2% cash back from every purchase. The waiting list accounted for 60,000 people. In 2022, the startup is planning to issue 3 million cards. Cavazzoli admits "Our main secret is that we’re socially focused. All the products we create are aimed to expand society rights and opportunities." SpaxeX Became The Most Valued American Startup 🚀🔥 Elon Musk’s project was estimated to have the highest valuation in the US. Considering the latest transactions on the secondary market, it was valued at over $125 billion which is $10 billion more than its main competitor Stripe. SpaceX’s valuation exceeded $125 billion which made it the first startup in America and second in the world after Bytedance. Therefore, the company outpaced the Fintech giant Stripe based on the secondary market deals. The startup’s stocks rose up to $72 per share. Although, in October 2021, they were sold for $56 when SpaceX became a hectocorn having exceeded $100 billion. Its founder Elon Musk is the world wealthiest person with the capital of $226 billion and owns 44% of SpaceX shares. Which piece of news do you consider the most interesting? Comment below ⬇️
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#StartupNews Weekly Digest: Improvado’s Funds, Lemon Cash’s Achievements, and SpaceX’s Valuation 💎🌟 Improvado Raised $22M👤💰 This is a platform for analyzing and evaluating marketing business investments in social media promotion. Recently, it has raised $22 million from Updata Partners in the A funding. The startup plans to allocate the money for expanding the staff and improving the product. In 2021, Improvado’s team grew by 30%. The startup enables brands to quickly analyze profitability of their investments on social media like YouTube, Salesforce, and TradeDesk. According to Crunchbase, the total of raised investments is $8 million not including the latest funding. "Today we have employees in every time zone. By the end of 2022, we are intended to increase the team by 50% more in each field: development, support, and marketing," — the founder says. Lemon Cash: Crypto-Based Startup from Argentina 🇦🇷🍋 Argentina is considered one of the most promising regions for the crypto industry. The reason is the high inflation makes people look for an alternative to the national currency. Borja Martel Seward and Marcelo Cavazzoli took advantage of this opportunity by setting up a new fintech service. The startup is projected to become a unicorn by reaching the valuation of over $1 billion in 2022. Lemon Cash is a blockchain-based service that offers e-wallet services to provide both traders and users with access to cryptocurrency fast and safely. The platform helps customers send and receive money by credit and debit cards, as well as buy, store, and sell crypto assets like bitcoin and ETH. Lemon Cash has launched its own crypto card in the partnership with Visa. For payment, the necessary amount of money is converted into cryptocurrency and the customer receives a 2% cash back from every purchase. The waiting list accounted for 60,000 people. In 2022, the startup is planning to issue 3 million cards. Cavazzoli admits "Our main secret is that we’re socially focused. All the products we create are aimed to expand society rights and opportunities." SpaxeX Became The Most Valued American Startup 🚀🔥 Elon Musk’s project was estimated to have the highest valuation in the US. Considering the latest transactions on the secondary market, it was valued at over $125 billion which is $10 billion more than its main competitor Stripe. SpaceX’s valuation exceeded $125 billion which made it the first startup in America and second in the world after Bytedance. Therefore, the company outpaced the Fintech giant Stripe based on the secondary market deals. The startup’s stocks rose up to $72 per share. Although, in October 2021, they were sold for $56 when SpaceX became a hectocorn having exceeded $100 billion. Its founder Elon Musk is the world wealthiest person with the capital of $226 billion and owns 44% of SpaceX shares. Which piece of news do you consider the most interesting? Comment below ⬇️
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#PitchYourIdea Q and A Live by Nurudeen Abdulsalaam, Idowu qudus 🗳Vote/Review - 🙋‍♂Pitch Your Idea - 💬Discuss in the chat -

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5 Tips for Entrepreneurs From Y Combinator 📒📝 Michael Seibel is the CEO of Y Combinator, one of the largest venture funds and startup accelerators in the world. With its assistance, 21 projects became unicorns! To help novice entrepreneurs, Michael shared some valuable recommendations on achieving success. ✔️Launch Fast We always advise founders to quickly launch their products onto the market. This is the only way to identify customers’ problems and see if your solution meets their needs. It’s better to release an imperfect product and then refine it based on feedback rather than wasting time to achieve the ideal. ✔️Don’t think of scaling After launch, you should use unscalable tools. Many mentors make founders scale up their projects too early. Eventually, they end up broke because of the lack of necessary technology. We recommend that you focus on gaining first customers instead, even though you have to do it manually. ✔️Use 90/10 method Based on this rule, you should implement 90% of your idea spending only 10% of resources on it. Actually, you can find a bunch of solutions containing this technique. Our advice is to take advantage of an available solution that will satisfy the customer by 90% instead of spending years on a 100%-proven product. ✔️Talk less, do more Once your startup is big, you get disturbed by many things. From various conferences to meetings with venture investors, you’ll be tempted to lose focus on your business. But it’s important to stay concentrated on that you’re doing. The only people you need to communicate a lot with are your customers. ✔️The growth is possible only with a good product All startups are striving for accelerate growth because otherwise they’re doomed to failure. However, many entrepreneurs have a wrong picture of what growth is. Y Combinator is frequently criticized for advising all startups to grow. But in fact, we motivate them to talk to users, develop a demanded product, and quickly refine it. Growth is a natural outcome of these actions. If you haven’t delivered some value to your customers, the startup’s growth won’t make any sense. If your product doesn’t bring profit, you will simply waste resources on promotion. Which tip do you find the most helpful? Comment below ⬇️
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#PitchYourIdea Vacuum Power Generation by Bhoomesh 🗳Vote/Review - 🙋‍♂Pitch Your Idea - 💬Discuss in the chat -

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#WeeklyContest Results of the Weekly Competition 🙌 The final conference has ended and we can’t wait to announce the winner! Key takeaways: SELL4ME 🔸The startup is likely to occupy a large share of the Nigerian market. 🔸This is a good combination of a marketplace and affiliate marketing. Manzini 🔹The startup is an alternative to formal education reimagining the way we study. 🔹The project requires a lot of education professionals who could put together the curriculums. AfriStone 🔸The platform enables users to learn African languages through live conversations with native speakers. 🔸What makes the startup unique is the provision of local source content in different languages. The winner is SELL4ME by Salem Andero 🏆 Our congrats! Your prize is $500 💰 Zazu Zungu and Anwar Misbah receive private expert sessions to improve their ideas! 🎉 Thank you guys for participation 🔥
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#Trends Complete Data Science Guide For Rookies: Where to Begin? 🗓🖇 Data science is the industry of the future. Whether it’s medical records or credit history, data science makes us reimagine the way we handle, collect, and store any sort of data. In the previous article, we told you about the theoretical fundamentals. Now it’s time for practice. We’ve prepared a complete guide for those who want to learn data science from the ground. Check it out 👉
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Data Science Guide for Beginners
Data science is not just a buzzword. This is something that will change the world like the steam engine and personal computer once did. In fact, Data Science is already changing our reality bringing new innovations to surface. From our credit story to birth records and medical history – data is all around and needs to be stored, processed, and protected. This is what data science is aimed at – to create a secure and powerful environment for huge arrays of information. Previously, we taught you theoretical…
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#WeeklyContest The voting is over and we’re ready to announce the finalists 📣 According to your votes and reviews from , we’ve determined 3 finalists: 🔸SELL4ME by Salem Andero 🔸Manzini by Zazu Zungu 🔸AfriStone by Anwar Misbah Congratulations, guys! 🥳 Tomorrow at 16:00 UTC, our experts are going live to review each of the finalists and pick a winner. Join us to see who wins! 🔥
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Top 5 Inspiring Series about Startups 📺🍿 Halt and Catch Fire Genre: Drama Release date: 2014 The plot centers around rapidly developing computer industry in the mid 1980-s and early 1990-s. The IT-based company IBM introduces its first PC on the market. One of its ex-employees tries to develop his own computer using reverse engineering and open architecture. At the same time, he wants to create a genuine innovation — portable PC. To do it, the hero pools all his efforts and talents in computer design. The series emphasizes the role of innovations and novelty in the modern world. It shows the way small startups can radically change markets even with well-established leaders. Scandal Genre: thriller Release date: 2012 The political drama features an anti-crisis manager Olivia Pope who copes with challenges of rich customers. Previously, she worked for the Presidential Administration and now wants to set up her own anti-crisis agency. Olivia builds up a team to take care of politicians’ scandals before they become public. The work stresses the importance of being consistent about your choices, adjusting to changing conditions, and keeping the team spirit. Black Mirror Genre: Sci-fi Release date: 2011 The series reflects the influence of technology on human relationships. This is a collection of exciting stories about the world of the future. Each of them features new characters imprisoned by technology power. The "black mirror” stands for devices we normally use. But we can’t imagine how much influence they have over our minds. Each episode enables you to take a fresh look at ideas underlying many tech startups and reimagine motives of human behavior. Suits Genre: drama Release date: 2011 The action takes place in a fictional law office in New York. A successful attorney Harvey Specter hires an assistant who has never attended a law school. However, he possesses phenomenal memory and a brilliant mind which impressed Harvey a lot. The story is really witty and fascinating. Apart from great twists, it teaches entrepreneurs to pay due attention to business partners in order to stay afloat. How to Make It in America Genre: comedy Release date: 2011 The series tells us about two ambitious entrepreneurs striving for the American dream. They are good at stylish cloths, go to classy parties, but haven’t yet found themselves. To make a living, guys illegally resell luxury goods but deep down dream to build a fashion startup. The series proves that wherever you go, you can opportunities to make your dreams happen. That’s why its slogan is "Everything can happen". If you want to get some inspiration and laughs, this is a perfect pick! Which series have you watched or would love to? Comment below ⬇️
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#Movies Top 5 Inspiring Series about Startups 📺🍿 Halt and Catch Fire Genre: Drama Release date: 2014 The plot centers around rapidly developing computer industry in the mid 1980-s and early 1990-s. The IT-based company IBM introduces its first PC on the market. One of its ex-employees tries to develop his own computer using reverse engineering and open architecture. At the same time, he wants to create a genuine innovation — portable PC. To do it, the hero pools all his efforts and talents in computer design. The series emphasizes the role of innovations and novelty in the modern world. It shows the way small startups can radically change markets even with well-established leaders. Scandal Genre: thriller Release date: 2012 The political drama features an anti-crisis manager Olivia Pope who copes with challenges of rich customers. Previously, she worked for the Presidential Administration and now wants to set up her own anti-crisis agency. Olivia builds up a team to take care of politicians’ scandals before they become public. The work stresses the importance of being consistent about your choices, adjusting to changing conditions, and keeping the team spirit. Black Mirror Genre: Sci-fi Release date: 2011 The series reflects the influence of technology on human relationships. This is a collection of exciting stories about the world of the future. Each of them features new characters imprisoned by technology power. The "black mirror” stands for devices we normally use. But we can’t imagine how much influence they have over our minds. Each episode enables you to take a fresh look at ideas underlying many tech startups and reimagine motives of human behavior. Suits Genre: drama Release date: 2011 The action takes place in a fictional law office in New York. A successful attorney Harvey Specter hires an assistant who has never attended a law school. However, he possesses phenomenal memory and a brilliant mind which impressed Harvey a lot. The story is really witty and fascinating. Apart from great twists, it teaches entrepreneurs to pay due attention to business partners in order to stay afloat. How to Make It in America Genre: comedy Release date: 2011 The series tells us about two ambitious entrepreneurs striving for the American dream. They are good at stylish cloths, go to classy parties, but haven’t yet found themselves. To make a living, guys illegally resell luxury goods but deep down dream to build a fashion startup. The series proves that wherever you go, you can opportunities to make your dreams happen. That’s why its slogan is "Everything can happen". If you want to get some inspiration and laughs, this is a perfect pick! Which series have you watched or would love to? Comment below ⬇️
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#StartupFailure ScaleFactor: Fleeting Success Based on Hoax 🙅🏽‍♀️🔥 Country: the US 🇺🇸 Total of investment: $104M Operating period: 2014-2020 This startup can be ranked as one of the biggest and most scandalous failures of 2020. Its founder Kurt Rathmann managed to sell the product as AI-based software while indeed it was run manually by accountants. What is ScaleFactor? Accounting is a real pain of any small business. To solve this problem, the company offered AI-powered tools that could replace a traditional accountant. For a small fee, ScaleFactor promised users to take care of their record-keeping, invoicing, and tax payments. Why did it become popular? As ex-employees admit, the service quickly gained momentum thanks to its aggressive marketing. At the first session, they convinced customers they cared about reporting through specially developed software. The amount of investments served as a provider of security and integrity. Since launch 2017, the company’s had several funding rounds. Some of its partners and investors were Techstars Austin, Michael Gilroy, and Byron Deeter. If such big-name players believed in ScaleFactor, mere entrepreneurs had no reason to doubt. In the meantime, startup’s exaggerated sales metrics attracted new cash flows from investors. Problems However, ScaleFactor shut down not because of its hoax. The real cause was the double decrease in income’s level due to the pandemic and natural lack of demand. Nevertheless, the company could have survived if it hadn’t announced the closure. Ex-users started to leave angry comments about numerous errors in calculations on the net. Before, ScaleFactor’s employees used to part with disgruntled customers quickly and by mutual consent so that any negative reviews didn’t slip through social media. Failure cause Crucial errors in calculation, the lack of feedback with entrepreneurs, and unfairness led the startup to massive customer outflow. The only reason why employees held their grudge was the signed NDA. Over the years, managers had to forge a lot of financial documents to fake increased sales of ScaleFactor. At the same point, real customers massively refused to buy its services any longer. In October 2019, the company estimated that it was risking to lose about $600,000. Therefore, in January 2020, Kurt decided to pivot and radically change the business model. But the started pandemic didn’t leave any chance — all the customers quitted and the service went broke. What do you think was the failure cause of ScaleFactor? Comment below ⬇️
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#WeeklyContest Review from our financial analyst of by Anwar Misbah 🔥 Briefly about the idea: The author proposes to create a platform for learning African languages. General impression: This is an interesting idea, as the language platform can be an excellent digital tool for indigenous Africans to learn their own languages. There may also be interest in the idea from Africans outside the continent, among foreigners and people who are passionate about Africa. ❌Possible difficulties 🔹Definition of the target audience. The African continent is truly outstanding in its size and capabilities in the future. However, at the moment there is no pronounced desire among the international community to learn African languages. This is due to the fact that the political and economic elites of African countries speak English, French, German, Portuguese, and Chinese. Therefore, the author needs to elaborate on the presentation of their idea or adjust the target audience. 🔹Uniqueness. At the moment, there are courses to study the most popular African languages. I would like to learn from Anwar Misbah his perspective on the uniqueness of teaching methods, approaches to learning, as well as ideas for building course content. Perhaps his platform will consist of a large number of unique original African stories, works that the general public did not know before. 🔹Retention of people. The main problem of modern educational platforms is a rapid decrease in the motivation of students and a short cumulative time of using electronic portals for studying. It is interesting to learn from Anwar Misbah his approach to solving the problems of user attentiveness and total time spent on his platform. ✅Advantages 🔸The platform can be an excellent tool for learning local African languages by Africans. This will make it possible to develop the material most effectively and create attractive content that can be used by residents of African countries. 🔸Convenient format. The development of the electronic platform is not constrained by the framework of the classical school. Therefore, the addition of new subjects, languages, expansion and addition of educational courses will become fast and effective. 🔸Social orientation. The idea of AfriStone has a chance to become an important communication channel between Africa and other countries. The exchange of cultural experience will enrich the spiritual life of society. 🔸Credibility with the audience. Thanks to the development of African languages on the platform, it will be possible to form a loyal audience, which will find it easier to offer other educational products and are more likely to become their users. Conclusion The idea is ambitious and useful for its audience. It carries both positive features and open questions to which the founders need to give clear and convincing answers. We wish Anwar Misbah and his team great success on his journey! 💚 If you want to submit your own review, go to 😉
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#BusinessEducation Mentorship: Why Do Startups Need a Mentor? 🫂💼 Founders have to constantly solve numerous tasks, from building a business strategy to hiring a team. But there’s no need to do everything on your own. You can address a mentor for some assistance. Mentors possess broad expertise in business and are ready to help promising startups for free. Thanks to them, you can minimize risks and save time. What are responsibilities of a mentor? How can they help a startup? What distinguishes a good mentor? Learn 👉
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Startup Mentorship: Responsibilities, Benefits, and Qualities
Many enthusiasts who want to build a startup don`t have much experience in entrepreneurship, which makes it more challenging to achieve their business goals. To solve this problem, they can address mentors and take advantage of their vast background. Recently, startups have increasingly resorted to mentors. And there`s a reason — they provide the company with valuable insights and professional recommendations. Mentorship acts as a kind of booster when it comes to launching a startup onto the market, building…
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#Expertise Here are 2 more reviews of this week startups 🔥 Pinchas Cohen is an experienced trader and financial expert at Money Planet. Today he will share his perspective on two ideas: Sell4Me by Salem Andero and Manzini by Zazu Zungu. Key takeaways: 🔹When you set up a business, you have to ask yourself: "What problem am I solving?" 🔹50% of Ethiopian urban men between 15 and 30 are unemployed. 🔹Statitics shows that Ethiopia has a lot of upside potential for Sell4Me’s development. 🔹Manzini is aspiring to be a metaverse. 🔹Social skills are as important as academic knowledge. That’s how you learn about life. 🔹Manzini is expected to be a place where students will learn social science, financial literacy, and multi sensory environment. What do you guys think about these projects? Comment in the chat 💬 If you want to review them yourself, go to .
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#WeeklyContest Dear all! The weekly contest is ongoing ⚠️ 5 promising startups are competing for the main prize — $500! 💰 If you want to support your favorite candidate, go to and pick the option you need. You can look through the complete list of ideas, see the mid-term results, and give a vote or review to the idea you like. On top of that, you will get points that can be further converted into valuable prizes! 💎 The voting finishes on Sunday❗️ Best of luck to everyone 💚
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#InterviewIF New interview with an Idea Factory’s entrepreneur 🙋🏽‍♂️ We had a nice talk with Kahsu Abera, the winner of our first weekly contest and active businessman! He told us about the evolution of his startup Kese Events. Key takeaways: 🔸The startup is focused on event management solutions. 🔸The users can monetize their events by selling certificates or tickets on a special platform. 🔸The main benefit of the startup is that it helps anyone who wants to stream or organize special events promote themselves. 🔸Idea Factory has helped us financially to launch an MVP and now we already get revenue from the platform. 🔸We have a big plan to join some metaverse with our streaming service. What do you think about Kese Event? Comment in the chat 💬
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#Expertise Here’s a fresh expert review of your ideas ✨ Today we’re taking a quick insight into Rafiki by Bayolo Salem . Overall impression Mr. Salem introduced an online crowdfunding platform, where people can place their projects. He paid attention to the specific group of people - students from his university. It is a good starting point to test the startup as it helps you find as many weaknesses as possible before enlarging to working area of Rafiki. In our opinion, crowdfunding is a good and popular direction to start business nowadays. Let's analyze its strong and weak points. Advantages: • Rafiki's business model is interesting and unusual for such projects. F2P may become a good choice since it gives customers opportunities to use the platform for free. Usually, founders take some fees from customers for platform's services, but if we understood the startup correctly, F2P would be a new way to generate income. • High demand. The author mentioned that there are a lot of opportunities in African countries. However, the problem is the lack of ways of projects' development. That is why his platform would play an important role to boost the overall evolution of startups and businesses as a whole. So in case of implementation of the crowdfunding platform, the demand is likely to surge. Disadvantages: • Lack of monetization system. The author didn’t provide an accurate concept of income generation. We can suppose that it would be some fees from the projects' development on that platform but still need some clarification. Conclusion: The idea is promising. Correct market choice, suitable time and interesting business model are the powerful aspects of this project, which will help it become one of the leaders on the market. Comparing the pros and cons of the analysis above, we could state that there are a few of disadvantages, however the prevailing points are positive. We wish this startup best of luck! Keep the faith in your project and it will pan out! 🔥
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#Books Top Inspiring Biographies 🙇🏽‍♂️📚 📙Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future — Ashlee Vance The author is a famous technological journalist who first explores the personality of the genius engineer and entrepreneur Elon Musk. Based on exclusive interviews with his family members and friends, the book offers a versatile perspective of Musk’s lifestyle and career milestones. From childhood in South Africa to the prime of his career, Vance covers all the key points of Musk’s biography and discloses the secrets of his overwhelming success. This is a perfect read for those who want to understand the nature of leadership as well as seekers of inspiration. Read 👉 📘The Facebook Effect: The Inside Story of the Company That Is Connecting the World — David Kirkpatrick This is a genuine history of the establishment of the leading social network numbering over half a billion users. The main character Mark Zuckerberg provided the journalist Kirkpatrick with unlimited access to personal information and Facebook. So the given facts are highly credible. Kirkpatrick reflects the ins and outs of Facebook’s development and shows how it has changed our ways of communication, political views, and attitude to privacy. This book gives an insight into Facebook’s influence and work structure. If you need some motivation, this is a great pick! Read 👉 📕Made In Japan: Akio Morita and Sony — Akio Morita As the founder of the legendary digital company Sony, Akio Morita believes that the most important thing for a successful startup is the morale of its team. If the employees are not enthusiastic about your company, it is doomed to failure. While guiding us through his story of success, Morita shares a bunch of interesting facts about Japanese business and discloses its pitfalls. The book shows the correlation between Sony’s success and the genius personality of its founder as well as draws the ways that helped Morita make one of the greatest companies ever. Read 👉 📗Pour Your Heart into It: How Starbucks Built a Company One Cup at a Time — Howard Schultz To make your business work, the Starbucks’s CEO suggests putting love, commitment, and intelligence into it. That’s what Schultz put into a cup of coffee once. However, he also had to grind tons of coffee beans, boil thousands of litters of hot water, and fail several times. After all, it all worked out — Schultz managed to build a real symbol of tasty drinks and coziness. Although his parents never understood him, Shultz quitted a prestige job to make his coffee dream happen. This biography inspires entrepreneurs to follow their goals against all odds. Read 👉 📒Made in America — Sam Walton This autobiography is a brilliant guidance on retailing. The author tells readers step-by-step about the development of the world largest commercial network. From building a team and establishing a corporate culture to handling money and developing partnerships, Walton frames a business doctrine. The book helps you mix business with pleasure — to learn the career path of one of the greatest managers and boost your professional competencies. Read 👉 Which book have you read or would like to? Comment below ⬇️
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#Expertise Here is our first review of this week ideas — Delivery Service by Rachid Abdelkrim 🙌 Overall impression: The project's name is not, evidently, unique. The project is aimed at simplifying the process of ordering between two stores to deliver goods to customers. Remarkably, it doesn't matter where shops are located, since this idea offers to collect two different orders, get them, and deliver to the customer. About the Pitch: The founder shared the main concept of Delivery Service. That's good, but it would also be interesting to listen to the key points regarding potential customers and uniqueness. Instead, Rachid focused on how great his idea is. The belief in idea is important, but he should definitely be more specific during the pitch. All in all, he managed to share the main information about the startup. Advantages • Demand. We guess this startup would be on the front burner in times of pandemic and lockdowns. Besides, it provides more comfortability that is important for customers everywhere at any time. • Profit. Despite the lack of information about potential income from the project, food companies and small businesses would like to cooperate with this startup, because the possibilities and the zone of each small businesses' influence could be enlarged through Delivery Service. Anticipated problems Competitiveness. The startup lacks competitive advantage in front of already existing delivery service. Noticing the opportunity to take the order from two different shops, it might be a powerful advantage. Conclusion: According to our analysis, Delivery Service is an interesting idea. We hope to see more details and advise Rachid to pay attention to other players of the market and elaborate a sound advantage. Wish you good luck! 🍀
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#WeeklyContest The voting for the best weekly idea has started 📣 To vote for your favorite candidate, just go to our and pick the option you need. To look through all the ideas, scroll up 🆙 You also gain points your votes and reviews that can be further converted into valuable prizes! The voting ends next Sunday 15.04.22❗️ Good luck to everyone! 💚
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#Trends Data Science: Tools, Statistics, and Enterprise Cases 📈🔗 Startup success is based on numbers. So if you can manage numbers, you can manage your success. But how to do it? Data science is an advanced tool for various types of analytics. Whether you need to know your customers better or want to outpace competitors, data science solutions are perfect. What is data science? How does it work? Where can businesses use data science? Learn 👉
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Data Science: Tools, Statistics, and Enterprise Cases
Data science offers world-changing solutions for startups across the globe. Thanks to predictive analytics and machine learning tools, businesses can develop brand-new products, provide immaculate customer service, and make smart choices. How does it work? Let us tell you. What Is Data Science? This is a branch of computer science related to collecting, processing, and analysing data, as well as a search for effective solutions. It helps businesses analyze huge arrays of information, make use of it, and streamline…
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#InterviewIF Here’s a fresh interview with an Idea Factory’s entrepreneur 🙌 This time, we had a fruitful conversation with Gersum Asfaw . Gersum told us about his project Medaf, achievements, and future plans. Key takeaways: 🔸Medaf aims to provide high quality data about the agricultural sector. 🔸This data will help farmers make smart choices and predictions about the market. 🔸The startup’s team is developing a prototype to cope with the problem of insufficient data about agriculture. 🔸Medaf’s team members work together not as employees but cofounders. 🔸Right now, we need to focus on advertising and are looking for great marketing specialists. What do you think about Medaf? Comment in the chat 💬 If you want to apply for the contest, go to ! 😉
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Last updated: 18.05.22
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