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Why you have to pay attention to the Indian startup scene

why you have to pay attention to the indian startup scene

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This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here.
Back in August during Y Combinator’s two-day demo extravaganza, TechCrunch noted a number of startups from India that stood out from the batch. Names like Bikayi (e-commerce tools), Decentro (consumer banking APIs), Farmako Healthcare (digital health records) and MedPiper Technologies (helping hire health professionals) joined our list of favorites from the batch.
Seeing so many India-focused startups in the mix wasn’t a fluke. Data shows that India’s venture capital scene has grown sharply in recent years. 2019 was the country’s biggest ever in terms of venture dollars invested, with Bain counting $10 billion during the year.
In 2020, the third quarter brought the country’s venture capital scene back to form. After a somewhat average start to the year, Indian startups saw their venture capital investment fall to just $1.5 billion in Q2, the lowest quarterly tally since 2016. But data via KPMG and PitchBook make it plain that Q3 was a rebound, with $3.6 billion invested into Indian startups during the three-month period.
That figure was not a historical record, mind; the Q3 …

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Was Quibi the good kind of startup failure?

was quibi the good kind of startup failure?

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Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here.
Startup failure is easy to hold up as a type of martyrdom for progress, especially if the founders are starting out scrappy in the first place and trying to save the world. But heroic narrative gets complicated when the startup failure involves the biggest names in entertainment, dubious product decisions, and well over $1 billion in losses in an already very competitive consumer tech subcategory.
I was going to skip any mention of Quibi because, like me, you have heard more than enough already. But this week its shutdown announcement turned into a debate on Twitter about the nature of startup failure and whether this was still the right kind. Many in the startup world said it was still good, basically because most any ambitious startup effort leads to progress. Danny Crichton, in turn, argues that the negativity was fully justified in this case.
Let’s be honest: Most startups fail. Most ideas turn out wrong. Most entrepreneurs are never going to make it. That doesn’t mean no one should build a startup, or …

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Is Tesla Just A Series Of Startups? Elon Musk Lays Out The Case

is tesla just a series of startups? elon musk lays out the case

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Elon Musk would like investors to think of Tesla Inc. (NASDAQ: TSLA) as a series of startups.
The electric automaker’s CEO discussed this on the recent third-quarter earnings call, highlighting the individual units that make up Tesla.
Musk On Tesla components: “There’s probably in excess of a dozen startups effectively in Tesla,” Musk said.
He referred to every major Tesla product line as a startup and every new plant as a startup.
Since other car companies don’t own their own sales and service, Tesla’s sales and service units could be startups, he said, adding: “The whole autonomy thing is a startup.”
Musk also termed the computer chip design and the Supercharger network as startups.
“We’ve maybe been a bit slow with some of the startups, but I don’t think we’ve had any of them fail,” Musk said.
Musk On Car Insurance: Musk called insurance “substantial” and said it could be worth 30% to 40% of the car business for Tesla.
“It’s going to cost less and be better,” Musk said of potential auto insurance from Tesla.
He mentioned having a better feedback group and said he believes “a lot of people” would select Tesla insurance.

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Go abroad to work from home

go abroad to work from home

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With more than 80 beaches, including the pink-hued Crane beach, this Caribbean nation blessed with year-round sunshine now offers a Welcome Stamp visa. Prospective visitors need to fill out an application form, check off an income declaration, and pay a fee of $2,000 per individual or $3,000 for a family once approved. Visitors can stay for up to 12 months.

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These are the 24 hottest edtech startups in Europe, according to the VCs backing them through COVID-19

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CoachHub

Coachhub

Cited by: Mathias Ockenfels, partner at SpeedinvestIn the Speedinvest portfolio? YesTotal raised: $20 millionWhat it does: “CoachHub offers employees personalized coaching sessions to support them in their professional development, and to help them thrive in their current organization. In addition, CoachHub also offers an app that allows employees to engage in additional learning and development at their own pace.”Why it’s hot in 2020: “Prior to COVID-19, CoachHub was already a great offering, but now employees are finding CoachHub to be an especially great tool to navigate their development amid the current situation.”

Skiller Whale

Skiller Whale cofounder and CTO Dave Millican

Skiller Whale

Cited by: Mathias Ockenfels, partner at SpeedinvestIn the Speedinvest portfolio? NoTotal raised: $1 millionWhat it does: “Skiller Whale provides a live learning platform for tech teams that offers targeted lessons directly to employees, and we’ve been really excited by their work from afar.”Their learning plans are personalized for individual team members, based on detailed skill assessments of their learning needs, and the lessons themselves make use of experts in the relevant languages and topics alongside challenging exercises.”Why it’s hot in 2020: “We think this engaging and meaningful model of digital training is just what teams need, …

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Meet the powerful lineup of women speakers at the 11th edition of TechSparks

meet the powerful lineup of women speakers at the 11th edition of techsparks

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The much-anticipated 11th edition of TechSparks is just a few days away, and it promises an all-immersive, digital experience to hear from who’s who of the startup ecosystem.The stage is set for global and a diverse panel of speakers who will discuss the post-pandemic startup ecosystem and workplace, women in STEM and leadership roles, as well as diversity and inclusion at workplace.The five-day event will also see the launch of a report on the state of women entrepreneurship in India, followed by women investors throwing light on gender parity in funding and ways to win over investors amid the pandemic. India’s first full-time woman finance minister, Nirmala Sitharaman, will also address India’s way forward to being aatmanirbhar. Most importantly, the summit hopes to provide an opportunity for men and women entrepreneurs to adjust their gender lens and be a part of the solutions. Here are the women speakers for TechSparks 2020, to be held from October 26-30, 2020. Finance Minister Nirmala Sitharaman1. Nirmala SitharamanMinister of Finance and Corporate Affairs, Nirmala Sitharaman, also happens to be the first full-time woman finance minister of India. Prior to this, she led the Union Defence Ministry.Hailing from Madurai, Tamil Nadu, …

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Poets&Quants | The Most Disruptive MBA Startups Of 2020

poets&quants | the most disruptive mba startups of 2020

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Ideas are cheap. Execution is everything. Focus on problems. Keep it simple. And whatever you do, don’t strive for perfection or ask for permission.Those startup lessons are taught in every MBA program. Here’s Rule #1: Know your customer. That lesson was taken to heart by Nikhil Agarwal and Chris Abkarians. Three years ago, they were accepted into Harvard Business School. Like their peers, they felt a mix of euphoria and sticker shock. After all, HBS comes with a $221,480 price tag – minimum – over two years. As the saying goes, pain presents opportunity. Over group chat, Agarwal and Abkarians pitched an idea to future HBS classmates. They would pursue bulk student loans with lenders and pass the discounts onto their classmates.TWO HBS STUDENT STARTUPS HAVE ALREADY RECEIVED $6.25 MILLION IN FUNDING Tess Michaels, Stride Funding, Harvard Business School. Courtesy photoThe result: LeverEdge was founded – and the concept quickly spread to 700 students across 10 business schools. In the first year alone, the duo accessed $26 million dollars in loans, with peers saving $13,000 in interest and fees on average. Since then, LeverEdge has gone national, boasting 20,000 members –and $2.5 million dollars in investment.LeverEdge is just one of the many MBA ventures honored in P& …

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Brazilian Government Proposes Legal Framework For Startups

brazilian government proposes legal framework for startups

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The Brazilian government wants to make it easier for startups to sell to public sector buyers

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The Brazilian government has created a proposal for a legal framework for startups. The plan, announced on Tuesday (20), aims to foster development and boost investments for technology-based businesses, and make it easier for these companies to bid for government contracts and supply their offerings to public sector organizations.
In a statement sent to the Congress, Brazil’s economy minister Paulo Guedes and science and technology minister Marcos Pontes presented the plan, which included the government’s definition of a startup: formally established and tax-paying tech-based companies with a history of up to six years since foundation and up to 16 million reais (US$ 2,8 million) of annual revenue.
The proposals aim to create a more legally secure environment for entrepreneurs and potential investors. It recognizes the role of angel investors and determines that, for example, such backers should not become partners in the companies they support. On the other hand, angels would not held responsible for any company debt, including cases of bankruptcy.

The introduction of a regulatory sandbox environment to allow public sector bodies to relax rules and regulations in order to buy from startups is …

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MCWT Signature Gala Goes Virtual – MITechNews

mcwt signature gala goes virtual – mitechnews

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SOUTHFIELD—The Michigan Council of Women in Technology Foundation’s 14th annual Signature Gala went virtual—one more pivot this year for the nonprofit working to make Michigan the No. 1 state for women in technology.The Oct. 17 digital fundraiser, with a theme of “Embrace the Moment,” raised $352,000 in gross revenue for programs that help inspire and grow girls and women in technology. Fiat Chrysler Automobiles served as host sponsor and over 500 individuals tuned in for the evening.“Despite the pandemic, we’ve actually had a significant year here at MCWT,” said Chris Rydzewski, MCWT’s executive director. “We are a technology group, and thanks to our partners, we’ve been able to build on our strengths, adapt to an ever-changing environment, and reach even more people. The move to virtual was an opportunity to maintain our community connections and make an even bigger impact among the girls and women who need to hear our message the most.”The event provided a behind-the-scenes look at how the nonprofit found the upside in the year’s challenges, detailing five impactful pivots:Sparking curiosity through virtual summer technology programs. Instead of 10 in-person camps for middle and high school girls across the state, MCWT …

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Boston startups expand region’s venture capital footprint

boston startups expand region’s venture capital footprint

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This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth mode, and investors back into the check-writing arena.
Boston has been an exemplar of the trend, with early pandemic caution dissolving into rapid-fire dealmaking as summer rolled into fall.
We collated new data that underscores the trend, showing that Boston’s third quarter looks very solid compared to its peer groups, and leads greater New England’s share of American venture capital higher during the three-month period.
For our October look at Boston and its startup scene, let’s get into the data and then understand how a new cohort of founders is cropping up among the city’s educational network.
A strong Q3, a strong 2020
Boston’s third quarter was strong, effectively matching the capital raised in New York City during the three-month period. As we head into the fourth quarter, it appears that the silver medal in American startup ecosystems is up for grabs …

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