Starting a new business can be an exciting and challenging endeavor, with securing funding being one of the biggest obstacles. Traditional funding options, such as venture capital and angel investing, can be time-consuming, especially for new and untested businesses. In such cases, self-funding, or “bootstrapping”, might be a viable option.
The technology industry has been a driving force in shaping the global economy for decades and the initial public offerings (IPOs) of technology companies are often highly-anticipated events. In 2022, the tech IPO market saw a slowdown compared to the previous year, 2021.
Succeeding in the business world is certainly challenging. Not only do you need to have a steady flow of capital to keep the business running, but you also require guidance on how to grow at a steady pace. The best way to access this guidance is by enrolling in an accelerator.
FinTech startups are on the rise nowadays. Thanks to innovative technologies like blockchain and artificial intelligence (AI), it’s easier than ever to revolutionize the finance sector. However, getting a FinTech startup off the ground is far from simple. It requires immense amounts of research and planning in order to be properly ready for launch.
India is one of the world’s fastest-growing economies and speedily emerging FinTech hubs. As of June 2022, the country had around 4,200 FinTech startups, 17 of which were unicorns, i.e. companies that reached a valuation of US$1 billion without being listed on the stock market. In comparison, China is home to only 13 FinTech unicorns. There are many more Indian startups on the brink of the US$1 billion dream, dubbed “soonicorns”, a testament to India’s flourishing FinTech industry.
India is a hotbed of startup activity, and many Bollywood celebrities are investing in some of the most promising ventures. These investments not only provide much-needed capital to these budding businesses but also massive media exposure, which can go a long way in attracting other investors and customers. Let’s learn more about the following four celebrities who have been active investors in the Indian startup scene.
Whether it is by making their non-fungible tokens (NFTs) or by creating their cities, celebrities are taking up different ways of growing their ever-expanding network of enterprises. This is exactly why it came as no surprise when reality TV star turned businesswoman Kim Kardashian launched her venture capital firm earlier this month. Called SKKY Partners, Kim’s firm is the latest on the long list of celebrities to make enter the venture capital (VC) industry. Curious to know who the other top VC celebrities are? Here is a rundown of some of the biggest celebrities and their various investment ventures.
For those in the entrepreneurial space, raising funds can be very challenging. Not only is it difficult to find the right investor for your startup, but it is also hard to convince said investor to put money into your venture. With over 75% of venture-backed companies failing, the venture capitalist (VC) you approach is taking a serious risk when putting their money into your startup.
Employees of a startup are essential to its success. They keep the company running to ensure that the vision gets carried out and that the day-to-day operations continue seamlessly. High turnovers can be harmful to a company, especially for startups with less established internal structures, organizations and systems to mitigate handover disruption. This makes retaining employees a particularly important goal for startups.
If you own a business, you need to bill your clients or customers for the goods or services you give to keep things operating properly. However, if you’re still going about it the old-fashioned way (e.g., paper invoices and manual invoicing), you’re losing a lot of time that you could otherwise spend on building your business. Enter billing and invoicing software, where you can automate the billing process, track bills, manage contact details, send invoices etc., with ease.
The economy in the U.S. is crumbling, and many are predicting a recession that could be on par with the Great Depression or worse. Around the world, inflation is soaring, and we can all feel the ground shifting—and with it, so are our finances and investments. Many people are anxious about inflation and sweating over making the right decisions to ensure their financial security when the economy gets sour.
What is more difficult than launching a startup? Keeping it up and running. A new business always has a ticking clock to either make it big or close up shop. As of 2021, about 20% of startups would shut down within the first year of operation. One of the biggest reasons a startup ends up shutting down is the lack of funds. It is precisely why it is essential to know what your startup runway looks like.
In September 2022, the CEO of crypto company Celsius, Alex Mashinsky, resigned following the company going bankrupt amid the crypto crash. He declared, “I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing.” Celsius is just one of the many companies to undergo this event.
When it comes to investing, you can put your money into savings accounts, bonds, real estate or even art. Out of the most common investment options, many see stocks as a riskier proposition than more stable options like bonds or real estate. Stocks are a type of financial asset representing an ownership stake in a company.
In the business world, little is more important than protecting your company at any cost. Sometimes, those costs can be very high, demanding that you give up your business altogether. To prevent that from happening, most companies employ a tactic referred to as poison pills. A poison pill is a shareholder plan to discourage buyouts, takeovers and acquisition attempts by activist investors.
The past couple of years have been extremely difficult for the global startup ecosystem. According to U.S.-based financial services company Moody Analytics, global economic growth estimates have fallen to 2.7% as of September this year, compared to 4.2% in January. Not only has the world undergone a tremendous transformation due to the COVID-19 pandemic.