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News on Medial
What Is An Entrepreneur-In-Residence?
Internet
·
10m ago
Medial
- EIR Definition: Entrepreneur-in-Residence (EIR) roles vary by institution, often focusing on developing fundable business concepts within venture capital firms or universities. - Roles in VC Firms: EIRs typically have a proven track record, assisting with due diligence, operational support, and creating new companies for funding. - University EIR Experience: At universities, EIRs help commercialize research innovations and mentor faculty and students to foster entrepreneurial culture. - Examples of Success: Successful startups from EIR involvement include SolarBridge Technologies and Semprius, with varying degrees of executive roles assumed by the EIR. - Current EIR Trends: EIRs are now engaging with emerging technologies, often identifying and guiding promising startups or technologies for investment opportunities.
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Case of aggressive entrepreneur not complying: Chandrasekhar on Paytm
Inshorts
·
1y ago
Medial
Speaking on RBI's actions against Paytm Payments Bank, MoS IT Rajeev Chandrasekhar said it is a "case where a hard-charging and aggressive entrepreneur has failed to realise the need for regulatory compliance". "Entrepreneurs...tend to get so sharply focused on what they're building...they may lose sight of rules that have been laid down by regulators," he added.
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He built a trillion-dollar company. He wouldn’t do it again
Livemint
·
1y ago
Medial
Jensen Huang, the CEO of Nvidia, reflected on the challenges and difficulties he faced in building one of the world's most valuable companies. In an interview, he stated that if he had known then what he knows now, he would not have founded Nvidia. Huang emphasized the importance of resilience and the advantage of being ignorant as an entrepreneur. Despite his personal hesitation to start a company again, he acknowledged that others could benefit from not being aware of the difficulties involved in building a business.
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The UK government is looking to ditch biometric immigration cards and replace them with digital e-visas
Techradar
·
1y ago
Medial
The UK government plans to replace Biometric Residence Permits (BRP) and Biometric Residence Cards (BRC) with digital e-Visas by the end of 2024. This move aims to bring the UK's immigration system closer to the Australian model. E-Visas would eliminate the need for physical documents, allowing immigration status to be accessed and verified online. The transition to e-Visas is expected to enhance security, efficiency, and convenience for both individuals and status checkers. Existing BRP cards will expire at the end of the year, but immigration status will remain unaffected.
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Kunal Shah: Biography | Investments | CRED
StartupTalky
·
1y ago
Medial
Kunal Shah is an Indian entrepreneur and co-founder of Freecharge, a fintech company that has transformed digital payments in India. He later launched CRED, a popular rewards platform. Shah's journey from a philosophy graduate to a billionaire entrepreneur showcases the power of innovative ideas and dedication. His expertise and insights on technology, business, and human behavior have earned him widespread recognition and admiration. Shah has been involved in numerous investments and is also known for his philanthropic efforts and mentorship initiatives.
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Sam Altman has a coyote problem at his $27 million San Francisco home
Business Insider
·
1y ago
Medial
Sam Altman, CEO of OpenAI, is facing an unusual problem at his $27 million San Francisco home - a coyote has taken up residence and scratches on the door. While coyotes are not uncommon in urban areas like San Francisco, incidents of human-coyote conflicts and sightings have been on the rise. Altman and his fiancé have shared photos of the coyote peering through windows and lounging on the patio. The situation highlights the presence of wildlife in urban environments and the need for proper precautions.
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A tech entrepreneur shared the advice Steve Jobs once gave him that's helped him find success and happiness in his career
Business Insider
·
1y ago
Medial
Ron Gutman, a tech entrepreneur and cofounder of Intrivo, shared advice he received from Steve Jobs. According to Gutman, Jobs emphasized the importance of doing what you love in order to find success and happiness. He encouraged individuals to find their passion and pursue it wholeheartedly. Gutman also suggested reframing challenges as adventures and maintaining a positive mindset. Surrounding oneself with like-minded and supportive people further contributes to turning challenges into exciting opportunities for growth.
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Tesla taps Samsung for AI6 Chips in $16.5 billion deal, Elon Musk says - The Economic Times
Economic Times
·
11d ago
Medial
Tesla has partnered with Samsung Electronics in a substantial $16.5 billion, eight-year deal to manufacture its next-generation AI6 chips at Samsung's Texas facility. CEO Elon Musk emphasized the strategic importance, with Tesla aiding in optimizing production efficiency. This deal is poised to enhance Samsung’s standing in the competitive AI chip market, where it trails behind competitors. Samsung's Texas plant's proximity to Musk's residence is seen as advantageous for accelerating progress.
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’Leave India! It’s high time’: Startup founder’s controversial post on Reddit goes viral | Company Business News
Livemint
·
7m ago
Medial
A recent Reddit post by an Indian entrepreneur advising high-salaried individuals to leave India due to high taxes and lack of innovation is creating controversy. The post highlights issues such as "stupid" regulations, regional hate, low work ethics, high taxes, poor infrastructure, and government hospitals. The entrepreneur suggests moving to countries like UAE or Thailand for a better environment for innovation. The post has garnered attention and mixed reactions from Reddit users, with some agreeing with the author's sentiments. The post raises concerns about the state of affairs in India and the need for improvement.
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Entrepreneur says Uber charging ₹52 extra on iPhone over Android for same ride, sparks debate
Inshorts
·
7m ago
Medial
An entrepreneur shared a screenshot showing Uber app quoting ₹52 extra on iPhone as compared to Android for the same trip. "This isn't a glitch - it's design thinking in action," she said. "This is an example of proxy bias...and digital discrimination," a LinkedIn user said. "[Uber] offers discounts...when it detects you may be using services of competition," said another.
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EaseMyTrip CEO Nishant Pitti Under ED Scanner in Mahadev App Probe
StartupTalky
·
2m ago
Medial
EaseMyTrip CEO Nishant Pitti is under investigation by the Enforcement Directorate (ED) for alleged involvement in the Mahadev betting scam. The ED suspects Pitti's collaboration in manipulating stock prices of listed companies using proceeds from illegal betting activities linked to the Mahadev app. The agency retrieved INR 7 lakh from Pitti's residence, deemed as potential proceeds of crime. Despite refuting the allegations, digital evidence reportedly links Pitti to the betting operations.
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