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Why do most startups fail before they even begin?
Inshorts
ยท
1y ago
Medial
Many founders find themselves stuck in the -1 to 0 stage of starting up. They quit because they fail to develop a strong conviction in their startup idea. Conviction that comes from the right feedback, guidance and mentorship. This is why Inc42 collaborated with Indiaโs top investors to bring them as faculty in FounderX.
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Related News
Why Mean People Fail
Internet
ยท
4m ago
Medial
Paul Graham's essay Mean People Fail argues that the most successful people tend to be kind rather than mean. While meanness is common, it is rarely found among top founders, as it makes people irrational and ineffective. Startups thrive by innovating, not fighting. Mean founders struggle to attract and retain talented employees, which is essential for success. Furthermore, founders driven by a desire to improve the world often outperform those solely motivated by money. Graham suggests that as the world shifts from zero-sum to creative, idea-driven industries, kindness increasingly becomes a competitive advantage.
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Why Startups Fail | Lessons From 150 Founders
Internet
ยท
3m ago
Medial
Wilbur Labs surveyed over 150 startup founders to understand why startups fail and how to prevent it. Analyzing both survey results and CB Insights data, the study aims to provide data-driven answers amidst economic challenges like inflation and investment retraction. While new business formation remains high, nearly a fifth of startups shut down in their first year. The goal is to help would-be founders focus on what they can control, learn from others' mistakes, solve significant problems, and ultimately improve their chances of success. Go to the source and read now! Or save for later.
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Why Should Startups Focus On Customer Insights?
Inc42
ยท
1y ago
Medial
More than 90% of startups in India do not cross the 10-year mark primarily because of their inside-out mindset and because they donโt listen to the voice of the customer.ย Every startup founder must know that at the end of the day, business success is based on whether customers choose them over alternatives. Read the full article to know more-
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UK regulator demands tech firms shield children from harmful content
Economic Times
ยท
1y ago
Medial
The UK communications regulator, Ofcom, has announced that social media platforms will face fines of up to $22.5 million if they fail to take action to protect children from harmful content. A new online safety law in the UK requires platforms to implement measures to safeguard children including preventing algorithms from directing them towards harmful content and introducing age-checks. Ofcom has published a draft code of practice outlining 40 measures to improve online safety for children, with the regulations expected to come into force next year. Platforms that do not comply could face significant fines or even be banned from children's use.
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From Ghosts to Micromanagers: Why Employees Walk Out
StartupTalky
ยท
29d ago
Medial
Ghazal Alagh, co-founder of Mamaearth, highlights eight toxic manager types that prompt talented employees to leave their jobs. These include micromanagers, credit takers, ghosts, and volatile personalities. Alagh emphasizes that the key to retaining employees lies in trust, empathy, and respect rather than perks. Her insights resonate particularly within India's younger workforce, illustrating how toxic leadership, not workplace perks, drives people away from even the most appealing startups.
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Google to remove some Indian apps over Play Store fees violation
TechCrunch
ยท
1y ago
Medial
Google has announced that it will remove apps from its Play Store in India if developers fail to comply with its billing policies. The move comes after several companies in India, including Bharat Matrimony and Shadi.com, challenged Google's Play Store billing policy earlier this year. Google stated that these developers had ample time to comply with the policies but chose not to do so. The company will begin removing non-compliant apps from Friday onwards. Google's decision is aimed at creating a level playing field and ensuring consistent policy enforcement across the ecosystem.
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Google will delete your account if it has been inactive for two years
Livemint
ยท
1y ago
Medial
Google will begin deleting inactive accounts from December 1, 2023. Users with accounts that have not been used for two years might face potential deletion. Active usage of Google products and services, even if not logged in directly, will prevent deletion. Google will send reminder emails before taking any action, like content deletion or account termination, at least 8 months in advance.
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Why people are falling in love with AI chatbots
The Verge
ยท
1y ago
Medial
The last episode of Decoder explores the impact of generative AI on human communication and connection. The rise of AI chatbots in dating apps, such as Tinder, allows users to customize their profiles and send tailored messages. Additionally, startups like Volar offer AI chatbot versions of individuals to interact with other chatbots before meeting in person. However, the ultimate sci-fi vision is the emergence of AI companions like Replika, which people already use for emotional support and even romantic relationships. Although the technology has a long way to go, it is evident that AI is shaping human interaction in unique ways.
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'People who should be considered for promotion': Musk after DOGEโs accountability mail to US govt employees
Business Today
ยท
5m ago
Medial
Elon Musk has directed US federal employees to submit weekly reports of their work, risking dismissal if they fail to comply. Agencies like the State Department and FDA received the email titled "What did you do last week?" which demands a five-point summary of weekly achievements. Musk indicated that standout employees should be considered for promotion. This unconventional move has sparked debates on government transparency, employment rights, and private-sector influence on public administration.
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Crypto FOMO Is Back. So Are the Scams
Wired
ยท
1y ago
Medial
The market for memecoins, a type of cryptocurrency, has created opportunities for scam artists. These scams often involve token presales, where developers promise early investors discounted rates. However, many of these tokens turn out to be scams or fail to deliver on their promises. This has led to the rise of sophisticated cybercriminal groups conducting these scams. Investors are urged to do their due diligence and look for warning signs before investing in new crypto projects. Establishing industry-wide standards for new tokens could help prevent these scams in the future.
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