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🚨𝗪𝗲 𝗵𝗮𝘃𝗲 𝗮 𝗕𝗜𝗚 𝗽𝗿𝗼𝗯𝗹𝗲𝗺 𝗶𝗻 𝗼𝘂𝗿 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺, 𝗮𝗻𝗱 𝗶𝘁 𝗺𝗶𝗴𝗵𝘁 𝗯𝗲 𝘁𝗵𝗲 𝗕𝗘𝗦𝗧 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗳𝗼𝗿 𝘆𝗼𝘂, 𝗮𝘀 𝗮𝗻 𝗮𝘀𝗽𝗶𝗿𝗶𝗻𝗴 𝗙𝗼𝘂𝗻𝗱𝗲𝗿! 🚨 Are you a serial entrepreneur, an experienced founder, a hungry student, or a seasoned professional eager to dive back into the startup world? We understand the challenges of creating a successful startup. That’s why we’re thrilled to welcome you to 𝗧𝗛𝗘 𝗣𝗢𝗢𝗟 - 𝗧𝗵𝗲 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗪𝗲𝗲𝗸(𝗘𝗻𝗱) 𝗳𝗼𝗿 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝗱 𝗙𝗼𝘂𝗻𝗱𝗲𝗿𝘀! 🍉 𝗪𝗵𝘆 𝗧𝗛𝗘 𝗣𝗢𝗢𝗟? In the startup ecosystem, we often see talented and driven founders drop out of the startup journey because they don't make it to the next stage of the startup funnel. THE POOL aims to change that by providing a unique event where experienced founders come together, form new teams, and breathe life into groundbreaking ideas - NO lectures or workshops. We just do the work, challenge, and learn from each other for a whole week or weekend. 🏴☠️ 𝗙𝗼𝗿 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝘀: Been in the corporate, scale-up or consultancy world for years? Frustrated with corporate innovation processes? Need a tech or business co-founder? Join us at THE POOL to connect with like-minded individuals, and create and build your breakthrough ideas. 🦈 𝗙𝗼𝗿 𝗦𝘁𝘂𝗱𝗲𝗻𝘁𝘀: Suppose you're a passionate student with entrepreneurial dreams, who already went through entrepreneurship courses or incubator programs but didn’t make it to the next startup funnel stage. In that case, THE POOL gives you a second chance. Find the right team, idea, problem, tech, and customer access, and transform your ideas into reality! 🛟 𝗙𝗼𝗿 𝗼𝘂𝗿 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺: 90% of our participants do not make it to the next startup stage. But who takes care of our alumni, our most valuable asset? They don't want to join another workshop. They just want to build a team, work on their idea, build and test their MVP, so that they can enter the next stage, e.g. incubation, acceleration, or investment. THE POOL is for the serial founders, the “failed” founders, and tech wizards. We help them to form new teams so that they can rejoin the startup ecosystem funnel 🍉 𝗘𝘃𝗲𝗻𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: + 50 hand-selected experts from diverse disciplines, mostly tech & business + Pitches, speed dating rounds, and free work sessions + 1-1 Feedback rounds of your paper prototypes, MVP demos, and startup pitches + Demo Day pitches to Munich-based incubators and accelerators 𝗝𝗼𝗶𝗻 𝘂𝘀 𝗮𝘁 𝗧𝗛𝗘 𝗣𝗢𝗢𝗟 𝗮𝗻𝗱 𝗯𝗲 𝗽𝗮𝗿𝘁 𝗼𝗳 𝗮 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝘄𝗵𝗲𝗿𝗲 𝗽𝗮𝘀𝘀𝗶𝗼𝗻 𝗺𝗲𝗲𝘁𝘀 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆! 𝗧𝗼𝗴𝗲𝘁𝗵𝗲𝗿, 𝘄𝗲 𝗺𝗮𝘅𝗶𝗺𝗶𝘇𝗲 𝘁𝗵𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗼𝗳 𝗼𝘂𝗿 𝗺𝗼𝘀𝘁 𝘃𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲𝘀: 𝗼𝘂𝗿 𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀. 🌊 𝗗𝗼𝗻’𝘁 𝗱𝗶𝗽 𝘆𝗼𝘂𝗿 𝘁𝗼𝗲𝘀, 𝗷𝘂𝗺𝗽 𝗵𝗲𝗮𝗱𝗳𝗶𝗿𝘀𝘁 𝗶𝗻𝘁𝗼 𝘆𝗼𝘂𝗿 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗷𝗼𝘂𝗿𝗻𝗲𝘆! www.bit.ly/jointhepool2024

Understanding Startup Dynamics: Insights and Reflections from My Journey with Empauwer As an entrepreneur who has navigated the challenging yet rewarding startup ecosystem, I've always been fascinated by the factors that influence the success and failure of new ventures. My journey with Empauwer, a company I co-founded, has been filled with invaluable lessons and insights. This experience has driven me to delve deeper into the data and trends shaping the startup landscape globally. Did you know that approximately 90% of startups fail globally? This statistic is both daunting and illuminating. It underscores the importance of understanding the key factors that contribute to startup success and failure. Here are some key insights: Global Failure Rate: 90% of startups fail globally. This includes startups in the US, where a lack of product-market fit, cash flow issues, and team problems are major contributors to failure. (Sources: Failory, Luisazhou.com) US Market: In the US, the high failure rate is driven by challenges in achieving product-market fit and securing sustainable funding. Investors are increasingly prioritizing their existing ventures over new investments due to economic uncertainties. (Sources: Failory, PitchBook, TechCrunch) Asian Market: In Asia, the failure rate is around 80% in India, influenced by regulatory challenges, funding issues, and market competition. The startup ecosystem varies greatly across countries, making it crucial for entrepreneurs to navigate these regional nuances. (Sources: Tech in Asia, StartupTalky) Singapore: As a dynamic hub for startups, Singapore has its own set of challenges and opportunities. Despite being a favorable environment for new businesses with strong government support and infrastructure, startups still face a high failure rate, primarily due to market competition and funding constraints. Approximately 70% of startups in Singapore do not make it past the first five years. (Sources: Tech in Asia, StartupTalky) Investor Behavior in 2024: Globally, the investment climate is cautious. Investors are focusing on sustaining their current portfolio companies, ensuring they have the runway to weather economic uncertainties before considering new ventures. (Sources: Failory, PitchBook, TechCrunch) My experience has taught me the critical importance of checking facts and figures. Starting a venture is not just about passion and vision; it's equally about understanding market realities and making data-driven decisions. This journey has reaffirmed my belief in the power of informed entrepreneurship. As we navigate these challenging times, let's continue to share knowledge and support each other. Whether you're an entrepreneur, investor, or enthusiast, staying informed and adaptable is key to thriving in the dynamic world of startups. What have been your biggest learnings in your entrepreneurial journey? #Entrepreneurship #StartupLife #DataDriven #StartupSuccess #InvestorInsights

Unleash Your Startup Potential with EDAC! Accelerate Your Growth and Innovation Journey Today! Are you ready to take your startup to new heights? At the Entrepreneurial Development Advisory Centre (EDAC), we're committed to supercharging your entrepreneurial journey. As a nonprofit organization under Section 45 of the Companies Act 2016, we’ve been at the forefront of driving innovation and economic impact since 1987. Our mission? To help entrepreneurs like you start, build, and grow exciting new businesses that can transform industries. With our educational programs, physical hubs, and strategic partnerships, we offer a vibrant community for founders to connect, learn, and thrive! Why Join EDAC? Innovative Edge: Dive into a world where innovation thrives. Our programs are designed to spark creativity and provide the tools you need to disrupt markets and scale up quickly. Strategic Growth: Whether you're in the early stages or ready to accelerate, EDAC offers tailored resources that cater to your business's unique growth trajectory. Community and Connections: Join a community that believes in the power of entrepreneurship to drive economic and social change. Network with like-minded founders, investors, and industry leaders who share your vision. Access to Funding: Gain insights into securing funding from venture capitalists, angel investors, and more. We're here to guide you through the complex landscape of startup financing. Supportive Ecosystem: Our physical hubs are bustling with activity, offering a collaborative space for you to innovate and grow. It's where ideas meet execution! Upcoming Events and Programs Stay ahead of the curve with our upcoming events designed to arm you with knowledge and connections. From workshops to networking events, there's something for everyone. Join us, and let's build the future together! Register Today! Don’t miss out on the opportunity to be part of Malaysia's vibrant entrepreneurial ecosystem. Visit our website to learn more about our programs and register for upcoming events. Your startup's next big leap is just a click away! Alternative Newsletter Headlines: Ignite Your Startup's Future with EDAC: Join the Revolution! Ready to Disrupt? Transform Your Ideas into Reality with EDAC! From Vision to Victory: Supercharge Your Startup Journey with EDAC! Alternative Newsletter First Sentence Hooks: Dive headfirst into Malaysia’s dynamic startup scene with EDAC by your side! Are you ready to scale your startup to unprecedented heights with EDAC? Join a thriving community of innovators at EDAC and catalyze your startup success story! Meta Description:Explore how EDAC empowers entrepreneurs in Malaysia with innovative programs, strategic growth opportunities, and a supportive community. Join us to unleash your startup's potential today! Image options

🚀 The Rise of Cockroach Startups: Prioritizing Resilience Over Hype🐞 In the whirlwind of entrepreneurship, the allure of unicorns—startups valued at over $1 billion—often steals the spotlight. Yet, in the shadows lies a breed of startups known as cockroaches, quietly embodying resilience, adaptability, and sustainability. Here's why cockroach startups may hold the key to long-term success in the tumultuous realm of entrepreneurship: 1️⃣ Resilience in Adversity Cockroach startups, akin to their namesake, weather storms with unwavering resilience. In environments of scarcity and fierce competition, they thrive, learning and growing from failures rather than succumbing to them. Unlike unicorns, which may crumble under lofty expectations, cockroach startups emerge from setbacks stronger and more determined. 2️⃣ Sustainable Growth Over Overnight Success While unicorns chase rapid growth, cockroach startups prioritize sustainable, steady expansion. They build solid foundations, nurture customer relationships, and foster innovation that withstands the test of time. Unlike unicorns, whose success can be fleeting, cockroach startups focus on longevity, not just instant gratification. 3️⃣ Agility and Adaptability Cockroach startups excel in agility and adaptability, vital traits in a rapidly evolving market. Unlike unicorns that struggle to pivot, cockroach startups embrace change as an opportunity for growth. They iterate, evolve, and stay relevant, meeting the dynamic needs of their customers with nimble efficiency. 4️⃣ Frugality and Resourcefulness Resourcefulness defines cockroach startups—they maximize limited resources while minimizing waste. Unlike unicorns, known for extravagant spending, cockroach startups operate lean, ensuring sustainability even in times of uncertainty. Their disciplined approach to resource management ensures resilience in the face of adversity. 5️⃣ Building for the Long Term Cockroach startups prioritize lasting value over short-term gains and flashy exits. They focus on building enduring businesses that benefit customers, employees, and stakeholders alike. While unicorns dazzle with rapid ascents, cockroach startups lay the groundwork for sustained success, transcending market fluctuations with resilience and foresight. In conclusion, while unicorns captivate with their glamour and valuations, cockroach startups embody timeless virtues—resilience, sustainability, and adaptability. In the marathon of entrepreneurship, success isn't measured by speed but by enduring resilience. Let's embrace the spirit of cockroach startups and build businesses that withstand the test of time. #CockroachStartups #ResilienceInBusiness #SustainableGrowth #AgilityAndAdaptability #Resourcefulness #LongTermSuccess #Entrepreneurship #Startups #BusinessStrategy #leanstartups

If Your ‘Startup’ Isn’t Innovating, Is It Just… a Business? The term “startup” has indeed broadened significantly from its original focus on innovative, tech-driven companies. Traditionally, “startup” referred to a young company with a scalable business model, often aiming to disrupt industries with new technology. It implied a high-growth trajectory, significant investment in tech, and often, a certain level of ambiguity around profitability—because innovation was the focus, not just making quick cash. Today, though, “startup” is often used as a catch-all for nearly any new business, especially those with uncertain revenue models or young leadership teams. This shift can be attributed to a few things: 1. Cultural Appeal: “Startup” has become a buzzword, associated with cool workspaces, flexible work cultures, and innovation. For many, identifying as a startup adds appeal to investors, talent, and customers. 2. Investment Narrative: In recent years, venture capital has funded a wide range of ventures, not all of which are tech-focused or high-growth. By calling themselves startups, businesses can align with VC-backed ideals, suggesting they have growth potential and can scale quickly—even if they’re operating in less traditional startup spaces. 3. Ecosystem Expansion: As entrepreneurship has flourished, the startup ecosystem has evolved to support various business types, not just tech. This has led to a rise in “lifestyle startups,” “mom-and-pop startups,” or businesses in traditionally non-tech sectors that adopt startup branding to attract attention and funding. Ultimately, while the term has become less focused, it does reflect an entrepreneurial mindset. Still, there’s value in distinguishing between a “tech startup” aiming for high innovation and disruption and a “new business” that’s simply young and unproven.

WHEN STARTUPS DON'T START-OFF NK Writes Starting a business is a thrilling venture filled with the promise of innovation, growth, and success. However, the harsh reality is that many startups fail to get off the ground. Understanding the challenges these startups face can provide valuable insights into why some ventures don't start off as planned. 1. Lack of Market Need: One of the most common reasons startups fail is the lack of a market need for their product or service. No matter how innovative or well-designed a product may be, if there isn’t a substantial market demand, the startup will struggle to gain traction. This often stems from inadequate market research, leading to a disconnect between what the startup offers and what consumers want or need. 2. Insufficient Funding: Securing adequate funding is crucial for a startup's survival and growth. Many startups fail because they run out of capital before becoming profitable. The funding landscape can be competitive and challenging, with investors looking for promising ventures that offer high returns on investment. 3. Poor Management and Leadership: Effective leadership and management are critical to navigating the complex startup ecosystem. Poor decision-making, lack of experience, and ineffective team management can cripple a startup. 4. Inadequate Business Model: A flawed business model can doom a startup from the beginning. Startups need a clear, sustainable business plan that outlines how they will generate revenue and achieve profitability. Without a viable business model, even the most promising ideas can falter. 5. Fierce Competition: The startup world is highly competitive, and many new businesses face stiff competition from established companies and other startups. Without a unique value proposition or competitive advantage, startups can quickly be overshadowed. 6. Marketing and Sales Struggles: Even with a great product, startups can fail if they don't effectively market and sell it. A lack of marketing expertise can result in poor brand awareness and customer acquisition. Additionally, startups often underestimate the time and resources needed to build a strong sales pipeline. 7. Economic and Regulatory Challenges: External factors such as economic downturns, regulatory changes, and market volatility can also impact a startup's success. Startups must navigate complex regulatory environments and adapt to changing economic conditions. 8. Technology and Product Issues: Startups often rely on innovative technology or products as their core offering. However, technological challenges, such as product development delays, technical failures, or inability to scale, can hinder progress. Concluding, the journey of a startup is fraught with challenges, and many factors can contribute to their failure. From lack of market need and insufficient funding to poor management and fierce competition, startups must navigate a complex landscape to succeed.

Why Small to Medium-Sized Startups Are More Successful with Less Risk In the fast-paced world of entrepreneurship, small to medium-sized startups often face significant challenges. However, contrary to popular belief, these companies have a greater chance of success with less risk compared to their larger, heavily-funded counterparts. Here’s why: 1. Agility and Flexibility Small to medium-sized startups are incredibly agile. Without the bureaucracy that often hampers larger corporations, these businesses can pivot quickly, respond to market changes, and innovate on the go. Whether it’s a shift in consumer behavior or the introduction of new technology, they can adapt without the friction of extensive approval processes. 2. Lean Operations, Lower Costs Running lean is a crucial advantage. Instead of hiring large teams or investing heavily in resources that might not be necessary, these startups focus on what really matters. This lean approach reduces overheads and allows the startup to stay financially healthy even during challenging times. They are experts at maximizing every dollar, which mitigates risk, especially in uncertain markets. 3. Focused Product Development Smaller startups tend to focus on a single problem or niche market. This laser-focused approach allows them to develop solutions that truly meet the needs of their customers. By keeping their product line or service offerings narrow, they minimize the risk of spreading themselves too thin. As a result, they can deliver better quality and ensure market fit before scaling up. 4. Strong Customer Relationships Small startups tend to maintain closer, more personal relationships with their customers. This direct connection allows them to receive real-time feedback, adjust quickly to client needs, and build brand loyalty early on. Larger organizations often struggle to maintain this level of intimacy with their customer base, leading to a loss of engagement and, in turn, higher risks of failure. 5. Incremental Growth, Less Risk Unlike large startups that are pressured by investors to grow quickly, small and medium-sized startups can afford to scale at their own pace. They are often bootstrapped or have smaller rounds of funding, which means there’s less pressure to deliver immediate returns. This slow, steady growth allows them to make informed decisions and avoid the pitfalls of overexpansion, a common risk for larger ventures. 6. Entrepreneurial Passion and Commitment In smaller startups, the founders are often hands-on in every aspect of the business. Their passion and drive keep the company focused on its mission, and this level of dedication often leads to more calculated decisions. They understand the risks at a ground level, allowing them to make more thoughtful, less risky choices as the company grows. Conclusion Small to medium-sized startups are uniquely positioned to succeed by capitalizing on their flexibility, lean operations, and close customer relationships.

Common methods used for a valuation of startups: 1. Discounted Cash Flow (Dcf) Method How it works: This method projects the future cash flows of the startup and discounts them to present value using a discount rate that reflects the startup's risk. However, since startups often don't have positive cash flows, predicting accurate cash flows can be tricky. When to use it: Best for startups that already have significant revenue and a somewhat predictable growth trajectory. 2. Venture Capital (VC) Method How it works: This method is widely used by venture capitalists. It calculates the startup's valuation based on its expected exit value (e.g., IPO or acquisition) in the future. The valuation is then discounted to its present value using a required rate of return. When to use it: Best for early-stage startups that expect rapid growth and an exit within a few years. 3. Comparable Market Approach How it works: The startup is valued by comparing it to similar companies that have been recently sold or are publicly traded. This could involve comparing metrics like revenue multiples or user base metrics to arrive at a valuation. When to use it: Ideal for startups in a relatively established industry with comparable competitors. 4. Berkus Method How it works: Developed by angel investor Dave Berkus, this method assigns a value based on qualitative factors like the quality of the idea, the team, the product's development stage, and market risk. Each factor is given a monetary value that sums to the total valuation. When to use it: Useful for pre-revenue startups, especially in the very early stages. 5. Scorecard Valuation Method How it works: This method adjusts the valuation of a similar startup based on how the target startup compares in several key areas, including team, market, product, and customer traction. When to use it: Good for early-stage startups where comparisons to other startups are feasible. 6. Cost-to-Duplicate Method How it works: This approach values a startup based on how much it would cost to replicate the startup's product, technology, or intellectual property from scratch. When to use it: Most applicable for tech-heavy startups that have developed unique intellectual property or products. 7. Risk Factor Summation Method How it works: Starting with a base valuation (often derived from the Scorecard or Berkus method), this method adjusts the valuation based on an analysis of different risk factors like management, legislation, technology, competition, etc. When to use it: Useful for startups where risk assessment is critical.

My preparations to start / attend OYSTER training at Oulu tomorrow are not only the exploration about GenAI Aided No-Code approaches. There are also others as 2 following groups of 4 links (aimed how to avoid the startup failures as a habit) - better always bravely aiming / struggling for the startup success instead: Group 1 - WHY, WHAT & HOW: Startup Failure Statistics: What Percentage of Startups Fail? https://lnkd.in/dWnBYKD4 How To Start A Business With No Ideas https://lnkd.in/d2D6aER8 The top 10 startup failure statistics 1) 9 out of 10 startups fail  2) 38% of startups fail because they run out of cash 3) 35% of startups fail because there is no market need for them 4) By year 5, 50% of all startups will have failed 5) 81% of startup owners are okay going into debt for their business 6) 60% of startups fail between the pre-seed and Series A funding stages 7) Approximately 35% of Series A startups fail before they reach Series B 8) Roughly 80% of tech and eCommerce startups will fail 9) 25-30% of VC-backed startups still fail despite extra funding 10) Almost all startup “unicorns,” 99.9%, will fail (Is it similar hard in comparison with the age group of 65-74 on labour market if still seeking ICT jobs with the failures almost for sure? ... also to require Happy SISU mindset as a must!) If you want to start a business but have no ideas, you’re not at a dead end - as a journey to unlock your entrepreneurial potential, even when starting from scratch. How To Start a Business With No Ideas: 1) Start Market Research Basics 2) Determine Strengths and Interests 3) Build a Network 4) Perform Financial Planning and Budgeting 5) How To Come Up With a Business Idea 6) Identify Problems To Solve 7) Leverage Personal Passions or Hobbies 8) Explore Current Market Trends and Gaps 9) Use Tools and Resources for Idea Inspiration 10) Validating Your Business Idea 11) Conduct Market Research 12) Create a Minimum Viable Product (MVP) 13) Seek Feedback From Potential Customers 14) Planning Your Business 15) Bottom Line - to start a venture that truly resonates with your passions and the market’s needs. (Similar to all of the training in the past, OYSTER could be at least as the update to myself for progressing and achieving all of the above.) --- Group 2 - The update in the era of GenAI: Most Fortune 500 companies see AI as ‘risk factor’, study finds https://lnkd.in/dSXMByvR Fire, Ready, Aim https://lnkd.in/dr2ENaSR More than 90 per cent of the largest US media and entertainment companies said that fast-growing AI systems were a business risk this year, as well as 86 per cent of software and technology groups. The AIs weren’t developed for us. They were never meant for us. They’re instead meant for the owners of the corporations: promising to cut costs, or employee count, or speed up operations, or otherwise juice the quarterly metrics so that “number go up” just a bit more ... CONTINUE IN COMMENT #learningisfun #OYSTER #GenAI #eHealth #HRV