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News on Medial
'No one wants to hire you after 40': Investment bankerโs chilling insight for executives in India
Business Today
ยท
2m ago
Medial
In India, the corporate retirement age is nearing 45 as companies prefer younger, cost-effective teams that often receive more attention from leadership. Those in their 40s face the choice of upskilling to remain relevant or starting businesses that aid peers in similar situations. This shift highlights the importance of adapting to maintain career viability and addressing the evolving dynamics within corporate structures.
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Greek Startup Harbor Lab Raises $16M Series A Led by Insight Partners
deepnewz
ยท
1y ago
Medial
CoLab, a company focused on helping engineering teams deliver products faster, has announced a successful Series B funding round, raising $21 million. The investment was led by Insight Partners, with participation from existing investors. CoLab plans to use the funding to hire new talent and expand its operations.
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Hiring shouldn't be solely based on age, it's misguided: Altman
Inshorts
ยท
8m ago
Medial
OpenAI CEO Sam Altman said companies shouldn't hire just by focussing on one age group as that would be "misguided". "Inexperienced doesn't inherently mean not valuable," he said on the 'The Twenty Minute VC' podcast. "You want both [junior candidates and experienced staff]...What you really want is just an extremely high talent bar of people at any age," he added.
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TCS chief says no cutting down on hiring; but wants to end work from home
Economic Times
ยท
1y ago
Medial
Indian software giant Tata Consultancy Services (TCS) has stated that it has no plans to reduce its hiring efforts, although it may adjust the pace of hiring based on market demand. This assertion comes in response to reports suggesting that the software industry is scaling back on hiring due to a weakening demand. TCS, the largest Indian software exporter, remains cautiously optimistic about the future and will continue to hire at a similar rate as before. The company's CEO also emphasized the value of working from the office, highlighting the importance of collaboration and learning from colleagues and seniors.
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Grind for a decade, no one cares for 7.5 yrs & hates you for remaining 2.5 yrs: Altman
Inshorts
ยท
3m ago
Medial
OpenAI CEO Sam Altman talked about how his life has been while working at the AI startup. "Be me," he wrote, saying that after his 10-year grind, most people didn't care for first 7.5 years but hated him for remaining 2.5 years. "Wake up one day to hundreds of messages...'Look I made you into a twink ghibli style," he posted.
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Nikhil Kamath buys 1st home, says 'Had no foresight on when I can shift from rented home'
Inshorts
ยท
9m ago
Medial
Billionaire Nikhil Kamath, who has long been an advocate of renting a house over buying one, recently revealed on his podcast that he has bought his first house. "There's one disadvantage [with renting] that you don't have foresight as to when you can move out of the house," Kamath said. "I hate the illiquid nature of real estate," he added.
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Ugro Capital backer IFU promotes exec to investment director role
VCCircle
ยท
1y ago
Medial
The Investment Fund for Developing Countries (IFU), a Dutch government-backed institution, has promoted one of its executives in India. IFU has invested in Indian companies such as Smart Joules and Ugro Capital. They have plans to invest up to $360 million in India.
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Nexus MD Sameer Brij Verma quits to open multi-stage fund
Economic Times
ยท
1y ago
Medial
Sameer Brij Verma, managing director at Nexus Venture Partners, is reportedly leaving the firm to start his own investment fund. He plans to launch a multi-sector, multi-stage fund that will invest in public markets and early-stage startups. Verma's focus during his tenure at Nexus has been on consumer tech, enterprise, SaaS, healthcare, and B2B commerce verticals. His new venture aims to hire executives who will work closely with portfolio firms to prepare them for IPOs. Verma is expected to start marketing his fund later this year and aims to raise a fund size of around $150-200 million.
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Sam Altman's Concise Startup Wisdom: Build, Grow, and Persist
Internet
ยท
4m ago
Medial
This blog post offers brief but powerful startup advice. Start with an idea, not a company, and ensure at least one technical founder is on board. Focus on creating something users love and rapidly iterate based on their feedback. Keep your burn rate low until you have product-market fit. Obsess about growth, hire exceptional people, and fire quickly when necessary. Ignore press hype and generate revenue early. Don't waste time on trivial matters, focus intensely on what matters most, and learn to manage people effectively. Work hard and persist for the long haul.
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Nikhil Kamath backs creative agency One Hand Clap
Economic Times
ยท
27d ago
Medial
Entrepreneur and investor Nikhil Kamath has invested in One Hand Clap Media, a creative agency founded by ex-All India Bakchod executives Aakash Shah and Naveed Manakkodan. The investment aims to support India's creative ecosystem. One Hand Clap focuses on culturally relevant, digital-first campaigns and has collaborated with major brands like Swiggy and Netflix India. The agency emphasizes speed and impactful storytelling, intending to redefine traditional agency models with creative agility.
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Temuโs Push Into America Pays Off Big Time for Meta and Google
Livemint
ยท
1y ago
Medial
Chinese e-commerce company Temu emerged as Meta Platforms' top advertiser by revenue in 2023, surprising Facebook and Instagram executives. Temu also became one of Google's top five advertisers. The aggressive spending by Temu and other Chinese online shopping platforms has pushed up digital advertising prices. The intense competition in the e-commerce advertising space has been beneficial for Meta and Google, helping them rebound after an advertising slowdown. However, there are concerns about Temu's profitability and the impact of potential pullback on big tech companies. The company recently made a significant investment in Super Bowl advertising, generating buzz and controversy.
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