Wed.Nov 03, 2021

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7 EO members share what they wish non-entrepreneurs knew about entrepreneurs

Entrepreneurs' Organization

Contributed by Kym Huynh, an EO Melbourne member, EO Global Communications Committee member, and co-founder of WeTeachMe. Kym is fascinated by entrepreneurs and their journeys, so he asked EO members from various chapters to share their entrepreneurial experiences. In this first installment of Kym Huynh’s Leadership Toolkit series, Kym asked what entrepreneurs wished non-entrepreneurs knew about them.

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Late Comers Need to Stand Out

The Seraf Compass

Before investing in a startup company, early stage investors constantly ask a key question, “Are enough customers ready and willing to try this new product or service?” Ken Rainin, an inspiring serial entrepreneur, successfully confronted this “Is our customer ready?” question time and time again. This story demonstrates one of those times.

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Egypt’s Breadfast wants to build ‘Gopuff for Africa and Middle East’, gets $26M backing

TechCrunch

The market for grocery delivery across Africa and the Middle East is worth over $50 billion. And Egypt, buoyed by a young and growing population, is a big market across both regions. Investors are beginning to back their picks to capture a large chunk of the nascent but fast-growing sector, mirroring how things have played out in Europe and the U.S. this past year.

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The 100x ARR Multiple

Tomasz Tunguz

The 100x ARR multiple might be the fundraising meme of 2021. Before, most investors used forward ARR multiples to value companies, but recently, the 100x multiple seems to be a benchmark for SaaS companies raising rounds. Where did this figure originate? How does it compare to the public markets' valuation of companies? Let’s look at the data.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Bypa-ss raises $1M pre-seed to expand health tech product across Egypt

TechCrunch

Digital healthcare continues to thrive globally following the effects of the pandemic last year, but venture capital inflows differ regionally with Africa lagging behind the rest of the world. H owever, investors have paid attention to a few innovative health tech startups, putting over $77 million across 56 deals last year. Egypt is one of the continent’s bright spots and an integral contributor to health tech market value in MENA, which is expected to reach up to $2 billion by 2024.

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Female founders are making a buzzing, venture-backed comeback

TechCrunch

The coronavirus pandemic disproportionately reduced venture capital funding for female founders last year, despite a greater boom in fundraising thanks to megafunds and the advent of Zoom investing. The result was an uneven landscape in which capital flowed more toward men than was normal historically. But the gender gap in startup fundraising is closing slightly, new PitchBook data shows.

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[Classiq in Digital Journal] Software will become the final key to unlocking quantum computing power

OurCrowd

A new report suggests China might be winning the race to build the most powerful quantum computers, based on the development of a 66-qubit programmable superconducting quantum computing system. This feat was performed at Hefei National Laboratory for Physical Sciences at the Microscale of the University of Science and Technology of China. Whether the accelerating pace is truly in the hands of China is fact or hyperbole, this is something that will be borne out through future tests.

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As Allbirds goes public, sustainability is the mantra of the future

TechCrunch

Ed Cowan. Contributor. Share on Twitter. Ed Cowan is an investment team member at TDM Growth Partners , a global investment firm with offices currently in Sydney and New York. Allbirds rings the bell on the Nasdaq? today and has chosen an apt ticker to do it: BIRD. It started with a humble, natural wool (and extremely comfortable) shoe, but Allbirds is not merely an apparel company today.

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How a Bikini Lover Turned Her Blog Into a $63 Million Business

Entrepreneur's Handbook

And the key lessons for aspiring entrepreneurs Continue reading on Entrepreneur's Handbook ».

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PE Mastery: CAPTARGET's Playbook for Quality Lead Flow

CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.

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Paytm raises $1.1 billion from anchor investors in India’s blockbuster IPO

TechCrunch

Paytm has raised $1.104 billion in India’s largest-ever anchor round as part of its initial public offering, which is also shaping up to be the nation’s largest, as the poster child of the Indian startup ecosystem moves closer to listing in the public markets. Blackrock, GIC, Canada Pension Plan Investment Board, Birla MF are among the investors who financed the anchor round, Paytm said in a filing with a local exchange.

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Community Navigator

Forward Cities

Forward Cities was selected as a grantee for the U.S. Small Business Administration ‘s (SBA) Community Navigator Pilot Program aimed at reducing barriers for underserved entrepreneurs and small business owners. We will work in close collaboration with both the City of Durham and Durham County to deploy the nearly $1 million awarded, with the two-year grant period beginning December 1.

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TuSimple aims to test self-driving trucks on public roads without human safety operator by EOY

TechCrunch

Self-driving trucks startup TuSimple signaled it is close to testing its system without a human safety operator on public roads before the end of the year. During the startup’s third-quarter earnings call on Wednesday, TuSimple announced plans to proceed with its driver-out pilot program, which would remove the driver for runs over the 80-mile route between the Phoenix and Tucson areas. “We expect to perform the initial driver runs before year end and to complete the pro pilot progra

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[Virgin Hyperloop One in Accesswire] Vantage Ventures adds Virgin Hyperloop Alumna to leadership team

OurCrowd

Vantage Ventures, the leader of a series of audacious initiatives to welcome innovative technology companies to West Virginia, today announced the addition of Kristen Hammer, a seasoned business development expert from transformative transportation pioneer Virgin Hyperloop, to its leadership team. Read more here. The post [Virgin Hyperloop One in Accesswire] Vantage Ventures adds Virgin Hyperloop Alumna to leadership team appeared first on OurCrowd Blog.

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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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Kneron releases its first automotive-grade chip for ADAS and AV systems

TechCrunch

Kneron has launched its first automotive-grade chip — fueled by funds from Foxconn, Alibaba, Sequoia, Horizons Ventures, and Qualcomm — that it says could revolutionize the path to vehicle autonomy. The chip industry has been dominated by legacy and tech companies like Intel, AMD and Qualcomm. Kneron – which has raised over $100 million to date – has quickly emerged as a startup that deserves attention.

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[Perception Point in Business Wire] Perception Point researchers discover two MacOS sandbox escape zero-days

OurCrowd

Perception Point, a leading email and cloud collaboration channel security company, offering fast interception of content-borne attacks as a service, announced today that its researchers uncovered two zero-day flaws in macOS. CVE-2021-30783, fixed in the Security Update 2021-005 Catalina, and CVE-2021-30864, now fixed in the latest macOS version 12.0.1.

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We’re still just scratching the surface of the cloud’s potential

TechCrunch

Battery Ventures released its State of the OpenCloud report today, providing a set of data points that clearly outline the accelerated growth of cloud services in recent quarters. The report helps explain the race to invest capital into startups that we’ve been observing over the past 18 months. The pandemic pushed companies to start using cloud services — infrastructure, platform or SaaS — earlier and quicker than they might have otherwise.

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Think Your SMB Is Too Small for Hackers to Target? It’s Not. Take These 4 Steps to Keep Your Business Safe

Smart Hustle Magazine

By Ron Pelletier, founder and chief customer officer, Pondurance. As the founder of Pondurance, I’ve sat across the table from CEOs and CIOs of many small and midsize businesses who really believe that cybersecurity doesn’t apply to them. They think their data is not valuable enough to steal. They think they’re simply not big enough to be a target. I always tell them: This is not true.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Waterplan tracks water risks and sustainable solutions for climate-conscious companies

TechCrunch

Fresh water is one of the many resources increasingly being affected by climate change, which in turn affects businesses that rely on this abundant but still limited natural resource. Waterplan , armed with a $2.6 million seed round, is looking to analyze and track not just how a company’s water use affects the local environment, but the mitigations that could help keep things wet when the seemingly inevitable crisis arrives.

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Workplace Safety: Conduct a Workplace Risk Assessment

StartupNation

A complete workplace risk assessment is critical to protect your employees and your business. Be proactive in identifying risks before you are forced to because of liability. A thorough inspection of the work environment , equipment and systems must be done to determine potential hazards and to implement safety systems. Often, this inspection is timed to changes in activities or process or triggered by government regulations.

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BrainCheck brings in another $10M to detect, manage cognitive impairment

TechCrunch

As the world’s population ages, more is being learned about brain health as startups leverage technology to find a way to slow down cognitive impairment. BrainCheck , a Houston- and Austin-based company developing cognitive healthcare software to aid physicians in detecting and managing this type of care, raised $10 million in Series B funding to expand its R&D and go-to-market capabilities as it works on new digital therapeutics for Alzheimer’s and related dementias.

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The Top 5 Accounting Mistakes Startups Make

StartupNation

Our team has worked with hundreds of startups, and year after year we inevitably come across the same common issues around financial reporting. There are remedies for these accounting mistakes, but it’s crucial to flag them as soon as possible, ideally before a startup begins a seed round or approaches any major growth. One of the largest knowledge gaps our clients have is within accrual accounting, and unfortunately many professionals, founders and entrepreneurs simply don’t understand proper a

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How To Package & Price Embedded Analytics

Just by embedding analytics, app owners can charge 24% more for their product. How much value could you add? This framework from Software Pricing Partners explains how application enhancements can extend your product offerings. You’ll learn: How to take a disciplined approach to pricing The three elements of the Packaging Decision Framework Ways to structure your new embedded analytics offering Download the White Paper to learn about How To Package & Price Embedded Analytics.

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VCs must do a better job of supporting Black women founders

TechCrunch

Victoria Pettibone. Contributor. Share on Twitter. Victoria Pettibone is managing partner of Astia Fund, a program of Astia , a global organization that invests in women-led companies. There is a growing body of articles about the important issue of the lack of investment dollars flowing to Black women founders. For anyone following venture news, this data should not be new: Fortune reported that while the numbers have tripled since 2018, Black women still only receive 0.27% of all venture dolla

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How This Entrepreneur Helps Emerging Artists Build Sustainable Businesses

Entrepreneur - Entrepreneurs Category

How this founder discovered a need in the talent and literary management industry.

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Nigeria’s lender Payhippo raises $3 million in seed funding to extend quick loans to SMEs

TechCrunch

Nigeria’s lending startup Payhippo has raised $3 million in a seed round, funding the company plans to use in sourcing the talent needed to optimize its technology as it ramps up effort to extend speedy credit to more small and medium-sized enterprises (SMEs) in the West African country. . The round was led by an array of angel investors, including Ham Serunjogi and Maijid Moujaled, the co-founders of the African cross-border payments company Chipper Cash ; Olugbenga Agboola of the San-Francisco

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Community of Cultivators: Edition 55

GCUC

Here at GCUC we are immensely fortunate to cross paths and work with so many amazing people. Through our work, we’ve cultivated a global. The post Community of Cultivators: Edition 55 appeared first on GCUC Community.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.