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  • OkCupid – Love Is Not In the Air, Love Is Here!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by OkCupid.

    Dating has totally changed in the past years and has become a rising trend in today’s world. Nowadays individuals choose to get mingled with the help of the internet rather than finding or meeting someone offline.

    OkCupid is a dating app which would help you to find your desired partner online. It allows the users to create a meaningful and a real connection. This application includes multiple-choice questions to match users. Registration is free of cost. You don’t need to register yourself in order to become a member. Read the OkCupid success story below.

    OkCupid – Company Highlights

    Company Name OkCupid
    Headquarters New York, United States
    Sector Dating App, Dating Services, and Internet
    Founders Chris Coyne, Christian Rudder, Max Krohn and Sam Yagan
    Founded 2003
    Website okcupid.com

    OkCupid – About
    OkCupid – Startup Story
    OkCupid – Founders and Team
    OkCupid – Business Model
    OkCupid – Revenue Model
    OkCupid – Funding and Investors
    OkCupid – Competitors
    OkCupid – FAQs

    OkCupid – About

    OkCupid is an online dating site. It asks the users the correct questions which helps the company to find the matched users. It enables the users to find someone of their kind with matched thoughts and this happens with the help of multiple-choice questions.

    Logo, OkCupid

    OkCupid – Startup Story

    The four founders were the students of Harvard University and the team gained recognition after their creation of TheSpark. Later it was known as SparkNotes. It included various humorous personality tests, match tests, etc. SparkMatch debuted with their registered users and match tests. This SparkMatch became OkCupid. In 2001, SparkNotes got sold and the team began concentrating more on OkCupid. In 2007, the company launched Crazy Blind Date. Many tests on the way of its journey got removed as well. In 2012, the company launched the social discovery service Tallygram but it too got removed in the next year.


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    OkCupid – Founders and Team

    The founders of the company are Chris Coyne, Christian Rudder, Sam Yagan and Max Krohn.

    • Chris Coyne is the founder of three popular websites. He was the co-founder and the creative director of TheSpark. He is a BA graduate in Mathematics from Harvard University.
    • Christian Rudder is an entrepreneur, musician and writer. He is the co-founder of OkCupid. He was also the founder and the creative director of SparkNotes. He is also a BA graduate in Mathematics from Harvard University. He completed his schooling from Little Rock Central High School.
    • Sam Yagan is the co-founder and the CEO of OkCupid. He also held the same position at SparkNotes. He was the co-founder of Techstars Chicago and MetaMachine. He was the vice president of Barnes and Noble.com and iTurf. He pursued his bachelor’s degree from Harvard University and completed his MBA from Stanford University.
    • Max Krohn is the co-founder of OkCupid. He was also the founder at TheSpark and SparkNotes. He is a graduate in Computer Science and Mathematics from Harvard University and also has a PhD in Computer Science.
    Founders, OkCupid

    OkCupid – Business Model

    Data is the word which has differentiated OkCupid from the other online dating companies in the crowded world. Registration is free here. Whenever a user signs in, he/she is asked a few questions. Questions are related to hobbies, lifestyle choices and interests. The users answer around 250 questions giving data to the online dating site to find matched people.


    Tinder Success Story | Dating App | Make Friends And Meet New People
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. In the days when the internet was unavailable, couples used to datetraditionally, today which is …


    OkCupid – Revenue Model

    Registration is free but the entire process can’t be free of cost. It is based on an advertisement model. The company sends email to the users that, ‘somebody just sent you a message. Eg – Pay 20 bucks to instantly view the message.’ This way the company advertises by selling and tracking given data by the users. Almost every online site makes money in this procedure.


    Everything You Need To Know About Tinder – Best Dating App
    Tinder is a dating app available on both iOS and Android. Tinder allows users toview potential visitors within a pre-defined radius and who are above 18 yearsold. Daters can swipe right to “like” a profile and left to reject it. Twopeople who “like” each other’s profiles are considered a match, a…


    OkCupid – Funding and Investors

    OkCupid has raised a total amount of $6 million in funding from 1 funding round.

    Date Transaction Name Money Raised Lead Investor
    January 17, 2017 Series A $6 million Great Oaks Venture Capital

    OkCupid has got only 1 invester recently. Great Oaks Venture Capital is the most recent investor.

    OkCupid – Competitors

    The top competitors of the company are Zoosk, Taimi and Rendeevoo.

    • Zoosk is the top competitor of OkCupid. The company is headquartered at Lehi, Utah and was founded in 2007. Zoosk operates in the Application Software field.
    • Taimi is the #2 competitor of OkCupid. It is headquartered at Las Vegas, NV and was founded in 2017. It works in the Application Software industry.
    • Rendeevoo is also one of the top competitors of OkCupid. It is headquartered at London, England and was founded in 2012. The company competes in the Personal Services industry.

    OkCupid – FAQs

    For how long does the green dot (online) stay on OkCupid after closing?

    60 minutes.

    Is OkCupid filled with fake profiles?

    Not all are fake, but in an online dating site, it is quite natural to find few fake profiles among the real ones.

    Which is better? OkCupid or Tinder?

    OkCupid is especially for the younger ones and Tinder is for all.

    Is OkCupid expensive?

    The registration is only free and the rest like viewing messages, who liked you, etc costs.

    Does OkCupid allow the users to see when someone was last time online?

    Yes, it does show the time.

  • How to Get People to Change their Mind

    We all have something that we want to change. It might be that you want to change your boss’s attitude towards you at your workplace or you might want to win the heart of your clients. Maybe you want to change your child’s behavior towards you or you want to change your parent’s mindset. But what is pertinent is that change is not flexible.

    While we try to change the mind of people we often do not choose the right approach. We tend to push our thoughts and opinions on others. We try to overwhelm others with the answers that we think are right and hence this approach becomes ineffective. While pushing opinions won’t work, there are other ways to change someone’s views. Here in this article, you will find tips to get people to change their minds.

    Give People Choice
    Make it their Idea
    Don’t Argue
    Be Humble
    Let them Pitch their Idea
    Fill in the Gap they Created
    Use Social Pressure
    Ask them What it would take to Believe you
    Give them the right Feedback

    Give People Choice

    Give People Choice
    Give People Choice

    People never want to be in someone else’s control. If you want to change their mind or thought you need to give them the control of making a choice among the two or more possible options. All you need to do is give them a choice, a chance to select from the available options. Leaders never like the words mandatory or compulsory as people never want to feel obligated to do something. When you give them a choice and all the options work in your favor, you can easily persuade them to change their mind.

    Make it their Idea

    In a healthy discussion, there is always a common ground, a point where both or all the parties agree upon. All you need to do is to find that common ground, take that idea and move to the place where you wish to go. For example, you might say that “from your idea, A to B think about C and D as well, what you suggest?” Give them the credit of thinking about B, C, and D as well. All you are doing in this way is that you are convincing the opponent that the answer or the solution you want is their idea. This is one of the most effective persuasive tactics.



    Don’t Argue

    Arguments are unnecessary
    Arguments are unnecessary

    There might be arguments which do not have an end or a concrete solution and you are strongly advised to stay away from such debates because you cannot change people’s mind this way. While in an argument, even if you are technically and logically correct, even if you have evidence to prove your point, the other person’s ego and emotions will start dominating him/her and they will be completely blind your logic and rationale, thus, resulting in the rigidness of opinion.

    Be Humble

    Humble people always rule. Whenever you would tell people that they were wrong and you were right, they will create a bigger wall of ego around them and this crossfire will always increase. One of the best ways to deal with people and change their minds is to act humble. While a discussion might be going on, you might enter the discussion saying “hey, I might be wrong but…’ and there you drop the guard of the opponent whom you want to persuade. The statement ‘I might be wrong’ can influence a lot of people as it is far more open to admitting being wrong.


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    Let them Pitch their Idea

    Everyone gets to pitch an Idea
    Everyone gets to pitch an Idea

    To make any conversation meaningful and logical, you should hear the other person out and listen to what they have with them. Let us stop for a second and look at the flip side of the conversation, the perspective of the person whose mind we are trying to change. If you want to change the other person’s thoughts and influence him, it is important that you listen to him otherwise he might be waving his hands around their head and ignoring what you’re trying to say and will walk off the conversation. So before you indulge the other person into your logical responses, understand their emotional state, hear them out, and then convince them to change their opinion wisely.

    Fill in the Gap they Created

    If you really want to change someone’s behavior one of the brilliant ways to do so is to figure out the gap between their actions and their attitude towards what they are doing. It is psychologically proven that one should never point out the mistakes of others or what they are doing wrong, instead find out the gap that they have created and fill it with your thoughts or corrective actions.


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    Use Social Pressure

    Social Pressure
    Social Pressure

    There might be times when you feel that people are too stubborn to change. Their attitude and mentality are so rigid that none of your techniques would work out to change their minds. At such times one of the promising ways to mend their opinion is to put social pressure on them. Tell the opponent that this is a general norm or this is what the majority of people think and do, point out the norm, and compel them to change their mind by putting such social pressure.

    Ask them What it would take to Believe you

    This is one of the final or closure tricks when all your efforts go in vain or there is no other option left to change someone’s mind. Ask them this question – ‘What would it take for you to change your mind or perspective?’ Negotiate with them and ask them what it would take them to believe you. Even then if the person is not ready to give you a justification, it is then when you will realize that you are fighting for a lost cause and there is no point in arguing any further.


    How to Inspire Employees to Work – Guide to Retain Employees
    A workplace is where we spend one third (8 hours) of our day which is more timethan we do spend at home. Every company focuses on productivity. There are somemilestones that people have to go to make work successful and tangible.Deadlines are key areas that have to be met in order to measure succ…


    Give them the right Feedback

    When you are on the verge of ending the conversation with someone, let them know your opinion in the most humble and polite way. At the same time also ensure that you give honest and right feedback in a very constructive way to the opponent. You can do this by using the CRC (Commendation – Recommendation – Commendation) method of giving feedback. Tell them where they were good and where they can improve. Maybe with the help of your just feedback, the opponent realizes your facts and changes his/her mind.


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    Being a entrepreneur is not a cakes-n-cream. It is more of skill and requires alot of strength and patience. A lot of people tries to become entrepreneur andfails miserably, because they don’t know the actual fundamentals of being aentrepreneur. And, on the other hand, there are many people who t…


    Conclusion

    These small steps can be taken to change people’s mind over time. But remember, forcing your opinion on someone is not appreciated by anyone. You can however talk to people respectfully and convince them to see your side of the argument. We hope this article helps you in solving any minor miscommunications you have in your professional or personal life. Stay calm and hydrated!

    Frequently Asked Questions – FAQs

    How do you convince a stubborn person to change their mind?

    This is a tricky thing to do. All you can do is calmly explain your side of the argument and give them a list of the pros and cons of the situation and hope they change their mind. If their ego does not get in the way, then they will see the benefits of changing their mind eventually.

    Can we change someone’s mind?

    Absolutely! If the new idea is beneficial to them then they are bound to change their mind eventually. It might take a whole for people with big egos though!

    How do you talk to someone who won’t listen?

    You don’t. You let them talk and you listen. After they are done just point out the flaws in their way of thinking and give them alternatives that solve it. After they’ve gotten everything off their chest, they’ll be much more willing to listen.

  • How to get a Rising Talent Badge on Fiverr

    Freelancing is very trendy these days. If you have a special skill or a talent that might be useful for others, then Fiverr is a platform from where you can earn money from your skills and talent. If you are good at graphic designing, or content writing, or know how to make a website, all your efforts and skills could be rewarded through this platform. Fiverr is a platform that will offer you ideal opportunities for sharing your ideas and competencies with the world through online means.

    There are tons of clients out there who are willing to pay you a good amount of money if you fulfill their needs. Read this article to know more about how to earn good money from Fiverr and how to get the Rising Talent badge on the portal.

    How does Fiverr work?
    But First, Create a Fiverr Account for Gigs!
    Creating an out-of-the-box Profile
    Creating Gigs
    Fiverr Rising Talent Badge
    Ways to Optimize your Gig to the Fullest

    How does Fiverr work?

    There are two main parties involved on this platform which are Buyers and Sellers. This platform is beneficial to both parties which makes it a two-way freelancing platform. As a Buyer, you can browse through profiles and see if any matches with your needs, or as a seller, you can see through the customers’ requests and see if you can make a match. If you are a freelancer then this platform considers you as a seller. You can list down the services that you can deliver and mention how much you want to be paid for them. It is very important for you to build a reputed profile on the platform and show your relevant experience on it because that is what will help you in cracking good deals.

    How Fiverr Works
    How Fiverr Works

    But First, Create a Fiverr Account for Gigs!

    If you want to start earning money through Fiverr the first thing you would need to do is to become a registered user. Creating an account is very easy on this platform and wouldn’t have to pay anything to browse through on the portal. Once you verify your email you can start working anytime.


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    Creating an out-of-the-box Profile

    Finding work on Fiverr might not be a very challenging task, but probably the most compelling task is to create an out of the box profile on this platform. The way in which you show your skills, expertise and your past work experiences on the website is what will help you sell yourself to prospective clients. Making a first impressing and standing out of the crowd is very important to get a job on Fiverr.


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    Creating Gigs

    To make an appeal to the customers, it is important on Fiverr that you make an attractive gig. It is a simple record of details such as proof of your work experience, your requirements, your charges, etc. The only reason why making an attractive gig is important is that the buyers will look through it and then decide whether you are a good fit for their needs or not. If your gigs are proactive, there are chances that your customers request you for your service. You can send your gigs to the customers when they request you for your services or what they want or the amount which they are willing to pay.


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    Fiverr Rising Talent Badge

    The platform Fiverr offers a prime designation known as Fiverr Rising Talent Badge. This accolade is awarded to very few people based on their gigs. The editorial team of this portal has set criteria for the qualification of a gig after which few gigs are handpicked based on the potential and quality.

    Whenever a person is titled with the Rising Talent Badge, s/he receives a congratulatory mail and a message on the website. There are a few benefits that people (sellers) with Rising Talent Badge get like diverse exposure to the market, their profile becomes more credible and of high quality, can get featured on various projects of Fiverr, etc.



    Ways to Optimize your Gig to the Fullest

    When you make your gig on Fiverr, there are certain things that need to stand out so that you get picked to get the Rising Talent badge. Also, this attracts customers to give you work and take services from you. It is very crucial to optimize your Fiverr gig and promote it, in order to earn the Rising Talent Badge.

    Here are some ways in which you can promote your gig:

    • Use Quora for the promotion of your gig: Quora is a platform where people ask questions to each other and find the answers to their questions too. It is one of the best ways to generate traffic to the posts.
    • Use Social Media for the promotion of your gig: Today people are extensively using social media platforms like WhatsApp, Instagram, Facebook, LinkedIn, Twitter, etc. These platforms are often used for marketing and advertising too. If you want your gigs to be popular, and you want to get more reliable clients on Fiverr, then this can happen if more and more people like, share and comment on your Fiverr Gig.
    • Use Public Forums for the promotion of your gig: There are many public forums where people discuss various things on a variety of topics. If the discussion forum is famous and is highly optimized for search engines, then there are chances that people click on your gig and they get to know about the services you offer.
    • Take the help of keywords: In order to increase traffic on your Fiverr gig, keywords can play a very vital role. Include the keywords in your gig that people will assuredly search.

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    Final Words

    Do not be disheartened if you do not get the badge in the matter of a couple of weeks or so as it can take a longer amount to time to get noticed by the Fiverr Team. But rest be assured that you will still get proposals without the badge as long as you are consistent with your work and excel in it. We use you all the best in your freelancing endeavour!

    Frequently Asked Questions – FAQs

    Is Fiverr good for beginners?

    Yes, Fiverr has a market for beginners as well as professionals. There are people willing to pay for all sorts of skills. As long as you are consistent with your work and can invest your time in it, you will get proposals on Fiverr.

    How do I get my first job on Fiverr?

    The hardest part of joining Fiverr is getting your first job on it as there are thousands of freelancers on the platform with a varied number of skills. What you can do to get your first job is to make a very compeling profile and keep your work timings, rates and skills flexible. Use the correct keywords, be consistent and utilize social media marketing!

    What kind of jobs are on Fiverr?

    Honestly, whatever job you can think of which can be done with a laptop and internet connection, it exists on fiverr. Anything fromvideo editing to virtual assistent to creating a linkedin profile on your behalf.

    Does Fiverr charge a commission?

    Yes, Fiverr charges the seller aka the freelancer 20% commission on the total they earn per job.

  • A Layman’s Guide to Monetize A Facebook Group

    Knowing how to grow a Facebook group correctly will increase your earning potential. Facebook has realized the importance of having a good email list. This is why more than a billion people use Fb groups.

    However, having an email list is only a piece of the puzzle. It is vital to a flourishing business but if plan to sell digital goods, learning how to grow a FB group can be your golden ticket to success.

    Fb groups bring loads of web traffic, dedicated customers, income and an engaged community. Once you start and grow a group, it will basically run itself and all your customers will turn into your biggest promoters.

    So let’s get started

    How to grow and monetize your Facebook group
    How to grow and monetize your Facebook group

    Why you need a Facebook group?
    How to start your FB group?
    Monetize your Facebook Group
    Facebook Group – FAQ’s
    Conclusion

    Why you need a Facebook group?

    Establishing an engaging Facebook group is valuable and can bring your brand a lot of credibility and success. You’ll be able to reach a large number of people through these groups.

    Even your affiliate income can rise if you prioritize the strategies of your FB group. Imagine having a close-knit community of like-minded individuals that are also your target audience.

    Therefore, even having a small group can work wonders for your business, so without further ado, let’s learn how to grow and monetize a FB group

    Why you need a Facebook group?

    Target audience

    The first step of the process is brainstorming. You need to write down your vision and your group’s purpose in order to figure out who your target audience is.

    Your audience is key if you want to be able to make money through a FB group. Since everyone likes different things, you cannot appeal to everyone.

    It would be much better if you aimed to appeal to only a specific set of people. Your target audience must be clear in your mind and be as precise as possible. The problem with a board target audience is that it would be very difficult to understand what they want and how you can fulfill their needs.

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    Create a group

    After you decide on your target audience, the next step is to create a community. If you want to grow your email list, make money and establish brand authority then just follow these steps.

    Step 1: On your newsfeed, click on “Group”, under “create”. Fill out all the information required.

    Create a group
    Create a group

    Step 2: Choose a name for your FB group based on your target audience. It must be something relevant to the people you are targeting.

    Step3: Set up questions to keep spammers away. Since you need a specific set of people that align with your business goals, your group must only consist of people who are relevant to your business. You can filter out people by asking them questions before allowing them into your group.

    Step 4: Create group rules by establishing a set of ground rules for your community. This is to show you’re the admin and creator of the group. Your job is to monitor people to ensure they’re following the rules and ban those who don’t.

    Step 5: Craft a visually appealing cover photo for your FB group. This cover should represent the group, its purpose and help you personalize your brand.

    Step 6: Promote your group by adding your group link to your email signature. If you have a blog then put your group link on your main blog page or use Quora and Pinterest as platforms to promote and grow your group.

    Most of these tactics will promote your group on auto-pilot and save you a lot of time. It will attract the right audience and set the foundation for your group to be profitable.

    Monetize your Facebook Group

    Now that you have learned the basics of creating a group and promoting it, its time to transform it into a money-making machine.

    The best way to make money from your FB group is to build a community, get people on your email list, and then use email list sales funnels to turn them into costumes so that your community will help you sell your products.

    Once you have people in your email list from your group who early read all your posts and sign up for your offers – these people will definitely turn into your loyal customers. They will belie in your brand and your products and happily promote them. Since they believe in your business, these people will likely become your best assets.

    Maximize your earnings from your group by:

    To be truly good at what you do in this business, you need passion. You have to find a balance between earning money, and being authentic to your customers. Being overly promotional of your products is not good for your brand or business.

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    Facebook Group – FAQ’s

    How do I join a group?

    To join a group as your profile or your Page:

    1. From your News Feed click Groups in the left menu.
    2. In the search bar at the top, enter some keywords for the group you’re looking for.
    3. Select the group then click + Join Group below the cover photo.
    4. Select whether you’d like to join as your profile or your Page and click Join Group.

    How can i see the member list of a Facebook group?

    Pages and profiles can join and see what’s in a Facebook group. Keep in mind that Pages can be managed by several people who can all see the group’s posts, comments etc.

    People on Facebook can see who the members of public groups are. In private groups, you have to be a member to see who the other group members are.

    To see the list of group members:

    1. From your News Feed, click Groups in the left menu and select your group.
    2. Click Members at the top of the group.

    The member list will update automatically as people and Pages join and leave the group.

    Learn more about public and private group settings.

    How does a buy-and-sell group differ from a regular Facebook group?

    A buy-and-sell group is like a regular group, except it lets members:

    Conclusion

    Once you learn how to grow a FB group and begin to attract members, you will begin to see customer engagement. Following these steps will ensure that your group is established properly from day one so that one day you will be able to manage your group on autopilot.

    Then, it’s only a few steps away from you being able to earn handsomely through this group. Eventually, it might just become your biggest income source!

  • Why does TESLA not provide employees with a Retirement Fund?

    In a series of tweets, the twitterati took a dig at the world’s richest man, Elon Musk. The CEO of Tesla was targeted since Tesla skipped matching the 401(k) contribution straight for a third year. Twitter was divided in two parts, one in favor of Elon Musk and the other criticizing him for not doing the needful for the retirement funds of Tesla’s employees. The man in the spot, Musk noticed this tweet and answered that his employees have an option of buying company stocks and the company treats its employees as part owners.

    We will be looking closely at how TESLA compensates its employees, how much is the company worth and how largely benefitted its employees actually are. Lets take a look at TESLA, the company.

    Tesla in a nutshell
    What is 401(k)?
    Why does TESLA not match contributions to 401(k)?
    How TESLA employees are becoming millionaires?
    TESLA and Retirement Contribution – Opinion
    FAQs

    Tesla in a nutshell

    TESLA is a company involved in transportation and energy businesses. It sells cars under its “TESLA Motors” division and stationary battery packs for home, commercial and utility-scale projects under its “TESLA Energy” division.

    The company is led by Elon Musk. he is the CEO, co-founder, Chairman and Product Architect.

    TESLA has more net worth than all its rivals combined such as Fiat Chrysler ($20 billion), Ford ($24 billion), Ferrari ($32 billion), General Motors ($36 billion), BMW ($41 billion), Honda ($46 billion) and Volkswagen ($74 billion). TESLA’s cars are said to be the most valuable cars in the world.

    TESLA is a giant with a market cap of $164 billion dollars and as of 2020 has 70,757 employees working for it.

    Now why would a company like TESLA not be contributing to its employees’ retirement fund? How does Tesla compensate its employees? How are Tesla employees becoming millionaires? We are about to find out. Let us first understand how Retirement funds are managed in the USA.


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    What is 401(k)?

    401(k) plan is a tax-advantaged, defined contribution retirement account provided by employers to their employees in the USA. It is named after a section of US Internal Revenue Code.

    401(k) Retirement Plan

    Employees can make contributions to the 401(k) accounts thorough automatic payroll withholding and their employers can match some, or all those contributions. These contributions are taxed after the employee withdraws the money, typically after retirement.

    Employers who match their employee contributions use different formulas to calculate that match. A common example might be 50 cents or $1 for every dollar the employee contributes up to a certain percentage of salary. Financial advisors often recommend that employees try to contribute at least enough money to their 401(k) plans each to get the full employer match.


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    Tesla, the electric vehicle manufacturer of Elon Musk, is set to start sellingits base model in India in the near future. Tesla, the electric vehiclemanufacturer of Elon Musk, is set to start selling its base model in India inthe near future. While many of its fans in India were jubilant about Te…


    Why does TESLA not match contributions to 401(k)?

    TESLA skipped matching the 401(k) contributions to the employee retirement fund consecutively for year three and twitter had its fair share of questions for Elon Musk. The TESLA CEO responded to the accusations on twitter saying that “Everyone at TESLA receives stock. My company is all Stock/Options, which I do not take off the table.”

    Elon Musk responded to the tweet accusing him of not matching the contributions to the employees retirement fund

    It is not rare for tech companies to compensate their employees through stock options. However, TESLA is an automaker first, mixed with tech. Auto companies do not offer stock options for all employees throughout the organization.

    TESLA offers its employees stocks options as compensation. With recent surge in the company’s share prices, TESLA stocks are creating new millionaires. However, over the years TESLA has made salary cuts in various departments, especially sales.


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    How TESLA employees are becoming millionaires?

    With a recent surge in TESLA share price, (more than 200% this year alone) TESLA’s employees are compounding on their wealth. Here is a glance at TESLA’s top executives and how much of a stake they hold in the company.

    • Drew Baglino, Tesla SVP of Powertrain and Energy Engineering, holds 4,222 Tesla shares. His stake in the company is now worth more than $5.7 million. Baglino is one of the top engineers at Tesla where he gradually moved up the ranks during his 14-year tenure at the automaker.
    • Jerome Guillen, president of TESLA motors, holds 9,752 Tesla stocks worth over $13 million. Guillen has led several key programs at Tesla.
    • Zachary Kirkhorn, Tesla’s young CFO, owns 11,831 shares of Tesla, which are now worth over $16 million. Like Tesla’s stock, Kirkhorn had a meteoric rise of his own at Tesla. At 35, he is the youngest CFO in TESLA.

    Of course, no one is getting richer than CEO Elon Musk as part of this incredible run. Musk owns 34,098,597 TSLA shares — making his stake in Tesla worth more than $46 billion.

    Musk’s brother, Kimbal Musk, who is also on Tesla’s board, is significantly benefiting from the rise in Tesla’s stock price. He had 130,848 Tesla shares, which are now worth more than $175 million.

    Other Tesla VPs, directors, and even managers are likely to benefit greatly from Tesla’s massive stock price increase — creating several new millionaires.

    Several key engineers in batteries, manufacturing, and construction, especially the execs behind Gig factory Nevada, also received massive stock grants worth millions at the time. With the recent price run, employees who held onto their shares are now millionaires.

    Tesla also awards performance-based equity bonuses, but those have been put on hold amid the coronavirus crisis. Therefore, employees who have been holding shares since last year are the ones benefiting the most from this recent TSLA run.


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    TESLA and Retirement Contribution – Opinion

    Although TESLA’s employees and executives have amassed great benefits through its price run, financial experts suggest that it is always better to have the employees compensated with access to retirement contributions. Since the stock market is volatile and unpredictable, the employees will benefit only until the stock prices go up. According to reports, TESLA has not been making great profits, but thanks to the price run in shares, no one’s complaining. Having said that, not matching the employers contribution may be risky for the employees as it isn’t entirely compensatory to the average employee and without the inflated share price, they would be doomed.

    FAQs

    How many employees work at TESLA?

    Currently, there are 70,757 employees working for TESLA (2021)

    How does TESLA compensate its employees?

    Along with added bonuses to the salary, TESLA offers its employees stock options as compensation.

    Is TESLA coming to India?

    Elon Musk confirmed that TESLA would be entering India by setting up a plant in Bengaluru, Karnataka.

  • Kbee: Build Your Own Knowledgebase On Google Drive

    Remote working has become the latest trend in corporate culture. More and more companies are adopting remote practices and to do that they need to build a knowledge base.

    For instance, in remote work, you can no longer depend on being able to interact with your departments physically in case of a situation. So it becomes very important that companies that hire remote working employees have a centralized database of knowledge. This lowers risk and dependency on individuals since you can no longer communicate with them in person.

    A knowledgebase makes it easier for new employees to get up to speed and provide a consistent response to customers.

    So does this mean every company has a knowledge base? Unfortunately, the answer is no. Many companies try to skip this step because they think they’re too busy to create one.

    This is where Kbee comes in.

    What is Kbee?
    Kbee – Features
    Kbee – Pricing
    Kbee – FAQ’s
    Conclusion

    What is Kbee?

    Kbee extends Google Drive to create a professional knowledgebase that will work for you and your employees. Your team can always find the answers they’re looking for without depending n someone else. In addition, your customers can also find the answer to their queries through this database.

    All you need to do is provide all the content relevant to your company and employees on Docs. Kbee does the rest of the work for you by storing and publishing your content in a searchable space, which can be accessed by you, your employees, and customers.

    Kbee Dashboard
    Kbee Dashboard

    Kbee will reflect whatever changes and edits you make to your content so that you can use your Google Drive as a Help Center, Wiki, or a Knowledgebase.

    Google Meet | What is it? | What is the AI Noise Cancellation System?
    Google Meet. What is Google Meet? What is the AI Noise Cancellation Feature of Google Meet?

    Kbee – Features

    Use powerful text search across all of your content so your users can find the answers they’re looking for as quickly as possible. No one has to spend more time digging through Drive for relevant information.

    Collaborate seamlessly

    Extend Google Drive into a professional database without compromising on the collaboration and authoring experience. Articles can be created, amended and published directly from Google Drive. You and your team can update your knowledge base without learning a new system entirely.

    Kbee allows you to collaborate with your team and customers
    Kbee allows you to collaborate with your team and customers

    Keep things secure

    Ensure that your content is accessible to relevant people, organizations and groups by using Kbee’s out-of-box access management tools. These management tools let you share information with your employees and customers securely.

    Align with your brand

    Make your database look and feel like an extension of your brand by customizing the logo, domain, layout, theme, and color.

    Do more with Google Drive

    You basically have the ability to create and transform Google Drive folders into a searchable database for all the relevant parties with Kbee. To do this, you simply need to create a Google Drive and Kbee will publish the articles directly to your knowledge base.

    Kbee – Pricing

    $0 Freebie Plan (1-Year Free Pro Access)

    $0/yearly

    Features

    • 1 Admin User
    • 3 Spaces (Separate Knowledge Bases)
    • 30 Articles
    • Unlimited Viewers (Page Views)
    • Unlimited Article Authors
    • Advanced Search
    • Basic Analytics
    • Codeblocks
    • Customizable Themes
    • Embeddable Image & Video Support
    • Custom Domain
    • Hide from Search Engines
    • Password-Protection/Secured Access
    • One-Year Access To The Software For Free
    • One-Year Upgrades/Updates Of All The Above Features
    • Limited to 1 Code per User Account
    • No Refund Policy Applicable

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    Kbee – FAQ’s

    Can I use pre-existing content in my Drive?

    Absolutely. Kbee can use a pre-existing Google Drive folder and automatically turn content in that folder into a functional site.

    Can I use Kbee for an internal Knowledge Base?

    Yes! You can use Kbee for your internal knowledge base. You can easily lock down your Kbee space so it is only accessible by your team, company, or individuals you choose.

    Does Kbee support videos?

    Yes. Simply add a YouTube link into your article on Google Docs and Kbee will render the video on your knowledge base

    Does Kbee support custom domains?

    Kbee supports custom domains on the pro and business tiers

    Does Kbee optimize my content for SEO?

    Kbee is fully optimized for SEO. Kbee automatically generates meta tags, sitemaps, and robots.txt. Articles are statically built and served from a CDN optimized for search engines.

    What should I do after my Free 1-Year Pro plan expires?

    After your Free 1-Year Pro Plan expires, you can upgrade to any of the future plans at Kbee at the best available discount, excluding any enterprise plans.

    Conclusion

    Kbee is simple to use, looks good, and it’s easy to search and combine all of the access controls you have set up for your Google Drive. Kbee’s search uses Algolia AI, a search engine that specifically shows you relevant content instead of hundreds of search hits.

    Another unique feature of Kbee is that it has good value. It has a single monthly charge rather than per user.

    Kbee is an excellent example of the simple yet innovative initiative that is being driven by remote working practices. So sign up for Kbee now!

  • Trivia: Bring The Fun Back To Your Workspace

    The secret of a successful company is the team that works effortlessly for it. And the secret to having teams that are dedicated to your company is how happy they are at the workplace.

    For most people, a workplace is no place for fun. But what if I told you that a little bit of fun can work wonders for your team and company.

    If you’re wondering how to, read below to find out.

    What is Trivia?
    Trivia – Features
    How to use Trivia on Slack –
    How to use Trivia on Microsoft –
    Trivia – Pricing
    Trivia – FAQ’s
    Conclusion

    What is Trivia?

    The latest trend for all companies worldwide, post COVID-19 is that they have shifted towards remote working. Many people realized that they can do the same work staying at home and that they didn’t need to go to an office every day.

    This realization has drastically changed the work culture. Unlike before, people cant socialize with their teams outside of work and this might lessen their productivity as a team.

    What you need is for your company and employees is that even if they’re working remotely, they must be able to engage with each other outside of work.

    This is why you need Trivia…

    Trivia weekly challenges dashboard
    Trivia weekly challenges dashboard

    With Trivia’s suite of games, your employees can socialize and have fun with each other. This will not only strengthen their engagement with each other but also be more productive at work.

    Also, you wouldn’t even have to google for games or visit different websites, as Trivia can be integrated into your Slack and Microsoft workspaces.

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    Trivia – Features

    Build morale and engagement of your remote working teams with Trivia’s suite of quizzes and games right inside the Microsoft & Slack workspace. Compete with your colleagues in real-time challenges, top quiz leaderboards, and earn bragging rights. Just like you would do in an office.

    Trivia is simple and easy to deploy with numerous quizzes, puzzles, and games.

    Seamless Integration – Start a Trivia poll, puzzle, and more with your team no matter where you are, and directly on your Microsoft and Slack teams.

    Multiple game types – You cant play the same game everyday right? This is why Trivia has a suite of games of different genres so that you will never be bored.

    Leaderboards – The biggest reason why people play games is to show off their skills. Now you can do the same with your team if you reach the top of the leaderboards.

    Trivia leaderboards and rankings
    Trivia leaderboards and rankings

    How to use Trivia on Slack –

    Follow these simple steps to boost engagement and team morale

    1. Add Trivia to Slack by searching and installing for free on Slack.
    2. Play games to your heart’s content with a plethora of games that Trivia offers.
    3. Bring your team together by enjoying and competing in quizzes, Game of Gotcha, word puzzles, and many more.

    To get started with

    🌶 For a (Un)Popular Opinion poll, submit the command ‘/trivia opinion’

    ✍🏻For a Custom Quiz you have created, submit the command ‘/trivia custom’

    🧐For a Game of Gotcha, submit the command ‘/trivia gotcha’

    🔡For a Word Puzzle, submit the command ‘/trivia puzzle’

    🎉For a Trivia quiz, submit the command ‘/trivia’

    Alternatively, you can start a Trivia Game from the Shortcuts (⚡️) inside Slack.

    If you need help to get started,

    • submit the command ‘/Trivia help’ in a channel where the Trivia app is added, or
    • submit the command ‘help’ in the messages tab of the Trivia app in Slack.

    How to use Trivia on Microsoft –

    🌶 For a (Un)Popular Opinion poll, submit the command ‘@Trivia opinion’

    ✍🏻 For a Custom Quiz you have created, submit the command ‘@Trivia custom’

    🧐For a Game of Gotcha, submit the command ‘@Trivia gotcha’

    🔡 For a Word Puzzle, submit the command ‘@Trivia puzzle’

    🎉 For a Trivia quiz, submit the command ‘@Trivia trivia’

    If you need help to get started,

    • submit the command ‘@Trivia help’ in a channel where the Trivia app is added, or
    • submit the command ‘help’ in the Messages tab of the Trivia app in Microsoft Teams.

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    Trivia – Pricing

    Trivia – $49 Plan A

    $49/lifetime

    • 30 Total users
    • Unlimited Trivia Quizzes
    • Unlimited Games of Gotcha!
    • Unlimited (Un)Popular Opinions
    • Unlimited Word Puzzles
    • Workspace Leaderboard
    • Schedule Quizzes
    • Non-stackable
    • 60-days Refund Policy

    Trivia – $59 Plan B

    $59/lifetime

    • 75 Total users
    • Unlimited Trivia Quizzes
    • Unlimited Games of Gotcha!
    • Unlimited (Un)Popular Opinions
    • Unlimited Word Puzzles
    • Workspace Leaderboard
    • Schedule Quizzes
    • Non-stackable
    • 60-days Refund Policy

    Trivia – $97 Plan C

    $97/lifetime

    • 150 Total users
    • Unlimited Trivia Quizzes
    • Unlimited Games of Gotcha!
    • Unlimited (Un)Popular Opinions
    • Unlimited Word Puzzles
    • Workspace Leaderboard
    • Schedule Quizzes
    • Non-stackable
    • 60-days Refund Policy

    Trivia – FAQ’s

    What games can I play with Trivia?

    Trivia Quizzes

    • Create custom quizzes, or
    • Use 28,000+ questions available across 30 categories in MCQ format

    Word Puzzles

    • Solve more than 10000+ puzzles
    • Rearrange alphabets to make meaningful words

    (Un)Popular Opinions

    • A collection of causal controversial opinions that will definitely improve team engagement.

    Gotcha!

    • MCQ’s with a twist
    • The best engaging Trivia game
    • It helps not only to know the correct answers but also to fool others with wrong answers.

    Is there a limit for the number of quizzes one can conduct after a purchase?

    No, there is no limit on the number of quizzes that can be conducted.

    Can there be multiple winners in a quiz?

    Yes! As long as your team answers the same number of questions correctly.

    What data do I have to share with the Trivia app? Is it safe to install it on my channels?

    Trivia only collects info to run games and quizzes. Details that are collected are team name, Admin details, and user names. The data is retained as long as you are a customer. All PII data is deleted once you cancel the plan.

    Conclusion

    “Use it every day! Games are up in seconds, and it fires up my brain for the rest of the day. Great for connecting with coworkers and taking a break from the regular workflow.” – Igor Lenterman. Intern, Science

    Trivia is one of the best engagement building apps there is, especially for teams who work far away from each other.

  • Copysmith: Create High-Quality Content with AI

    Copysmith is an excellent tool for content ideation and creation. It helps businesses, content writers, entrepreneurs, etc. to create a variety of content for their websites and assets.

    Copysmith is the brainchild of Jasmine Wang who is also its co-founder. She is a computer science graduate who researched NLP (Natural Language Processing) development, working in companies like Mila, Lyft, and Square.

    She finally joined Microsoft research to ultimately become a researcher at Open AI, the company founded by Elon Musk.

    Her inspiration for Copysmith actually came in the form of a challenge while she was trying to create an e-commerce store with her business partner. She soon realized that creating content for the site was not an easy task and other entrepreneurs were struggling as well.

    This led her to co-found Copysmith.

    What is Copysmith?
    How Copysmith works
    Copysmith – Pricing
    Copysmith – FAQ’s
    Conclusion

    What is Copysmith?

    Copysmith is a content creation tool which is powered by Open AI’s GPT – 3, which is one of the most advanced artificial intelligence models that uses deep learning to understand the human text.

    Copysmith content templates
    Copysmith content templates

    The model is under constant development so that the content it provides is personalized to your goals. This helps Copysmith understand the input commands of the user to provide high-quality content.

    Types of content that can be created using Copysmith:

    • Google Ad Content
    • Facebook Ad Content
    • Instagram Ad Content
    • Ad Ideas
    • Taglines
    • Ad Headlines
    • Product Descriptions
    • Content Rewriter
    • SEO Metatag
    • Blog Posts – just been released to Early Adopter, Professional & Enterprise Plans
    • Landing Page Content
    • Content Ideas & Outlines
    Types of content in Copysmith
    Types of content in Copysmith

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    Results from SEO are unpredictable. The search engine algorithms are complex and
    take into consideration a vast amount of data. By analyzing site data, you can
    predict potential site visibility, which allows you to foreca…

    How Copysmith works

    First, you need to log into Copysmith. Once you enter, you are presented with all the available templates that you have access to create, like Google and Instagram ads, blog outlines, taglines, content rewriter, etc.

    Once you select a template to create, you need to provide inputs to Copysmith. After giving input, you will have a number of options to choose from. Select the piece of copy you like and use it as you want. If you want a similar output result you can simply click the ‘more like this’ button to have Copysmith deliver similar results.

    Additionally, you can also provide feedback to Copysmith by clicking the ‘heart’ button on any options that interested you. This in-turn will allow Copysmith to streamline its content tone, type, and structure to suit your needs.

    Copysmith helps you

    • To edit your copy with previews of how it will be displayed on FB, Google, and Instagram.
    • Automatically generate high-performing copies for all platforms. Generate taglines, SEO metatags, and more.
    • To easily manage your campaigns across different platforms, all in one place.
    • Share your copy with friends and colleagues for feedback
    • Offers an opportunity to export your generations as CSV.

    Copysmith – Pricing

    Copysmith Pricing Plans
    Copysmith Pricing Plans

    Artificial Intelligence (AI) in Retail Market ,Growth ,Trends,Covid Impact,Uses
    Artificial intelligence (AI), additionally called machine intelligence is the
    simulation of human intelligence validated through machines, particularly
    computers. These techniques contain learning, reasoning, and self-correction.
    Artificial intelligence in the retail market exists with a reason to e…

    Copysmith – FAQ’s

    How long has Copysmith been around?

    The company was founded in 2020 and has since grown rapidly to become one of the industry-leading AI content creation tools.

    How can Copysmith help me in my business?

    Other than providing you with high-quality, unique AI-written content, Copysmith has some fantastic ideation templates, which based on your niche, will provide blog ideas. ad ideas, headline ideas, etc.

    Is the content that Copysmith provides unique?

    Yes, the content that Copysmith provides is unique, and hence it’s great for those companies who are relying on gaining organic search traffic from Google, as it’s generally accepted that Google favors unique content.

    Why should I buy Copysmith?

    If your competitors are employing this tool for their business, it’s going to provide them with such a large competitive advantage, as they can create optimized, engaging content so much quicker than the rest of the industry, they’ll leave everyone else in the dust.

    More specifically, Copysmith not only helps you create this engaging content faster, saving you thousands of hours (if you rely on content like us) but also cheaper than ever before.

    This means that you can concentrate on other areas of your business, to help expand and scale operations.

    Conclusion

    Copysmith can make a huge difference in your work by creating high-quality content. Given that it uses GPT – 3’s language mode, the content output is always adapting to the feedback you provide, so it only gets better over time.

    If you have a business or an agency to run and create a large amount of quality content in less time, then this app is for you.

  • Why Gold Prices are falling in February 2021?

    Gold has always been a safe harbor for investors. Low volatility makes it a reliable investment option. The glittering metal has a prominent place in the Indian households. Gold in India isn’t just an investment but a tradition. It not only signifies wealth but also is a matter of prestige for many Indians. Indian festivities and weddings are incomplete without the exchange of gold. It has dominated equity and real estate investments as it has a lower exposure to risk and has comparatively better returns.

    Gold Price's graph
    Gold Price’s graph

    Why Gold prices are falling in February 2021?
    Global significance of Gold
    Central Financial Systems and Gold
    Factors driving Gold Prices
    History of Gold rates in India
    How Pandemic has affected Gold prices?
    World Gold Council
    Gold prices across India
    FAQs

    Why Gold prices are falling in February 2021?

    Gold prices are propelling downwards since the end of January 2021. Gold rates have hit a low in all the major cities in India. On the Multi Commodity Exchange of India (MCX), gold prices dropped by Rs 457 to hit Rs 46,390 per 10 gram, after the government announced a cut in the import duty on precious metals. Notably, the customs duty on gold and silver was reduced to 7.5%. So far, gold has witnessed a fall of more than 2%, and has dipped more than Rs 7000 from all time high in August last year. In the previous trade, the precious metal had closed at Rs 46,847 per 10 grams after a fall of Rs 661.

    On the global front, gold prices decked to $1830 from $2200. Gold is traded against the US dollar. As the dollar gains, prices of gold reduce since gold becomes expensive in other currencies. Political and economic activities in the USA have paved way for the gains in value of US dollar. Gold prices and the US dollar are inversely proportional, because the yellow metal is dollar dominated. When the value of dollar increases compared to other currencies around the world, the price of gold tends to decrease in the US dollar terms. A falling dollar increases the value of currencies in other countries, including the prices of commodities like gold resulting in increase in the price of gold and vice versa.

    Tanishq advertisement controversy-BoycottTanishq trending
    The well-known Indian jewelry brand Tanishq is surrounded by a controversy after an advertisement received backlash for allegedly promoting fake secularism and love jihad.

    Global significance of Gold

    Worldwide, gold is seen as a commodity with innate value. Gold remains, and will continue to remain precious due to its rarity and ability to create jewelry and other objects. It has also been an investment option for many investors. Unlike any other commodity, gold is largely influenced by the track run of the economy. Over the course of history, gold prices seem to counteract the fluctuations in an economic cycle.

    Central Financial Systems and Gold

    Global gold reserves have been recorded to 33,000 tons, almost one-fifth of the total amount of gold mined. In the last decade, many national banks have become net buyers of gold reserves.

    Central banks have gold reserves for many reasons: to pacify risks, to hedge against inflation and promote economic stability. According to a report published by the World Gold Council, central banks have purchased 668 tons of gold in 2019.

    The Central bank of America is said to have the largest gold reserve with 8,133 tons of gold in its vault, valued at $10.9 billion dollars. The Reserve Bank of India is ninth on the list of top central banks holding gold reserves. India has increased its Gold reserves by 22.7 tons in 2020 and as of today holds 668 tons of the yellow metal in its vaults.

    How the fluctuations in Oil prices impact the economy.
    Oil prices fluctuate quickly in response to new cycles, policy changes, and fluctuations in the world trades and it impacts the economy in certain ways .The recent change in oil prices has been driven by a number of factors whichincludes several years of upward surprises in the production of unco…

    Factors driving Gold Prices

    As noted earlier, gold is dominated by the US dollar. A surge in the dollar keeps the gold rate lower and more controlled, while a weaker US dollar takes the gold price higher through increase in demand.

    The amount of gold held by the central banks around the world also caters in determining the factors driving the gold prices. Every Central Financial system has gold vaults to protect itself from inflation and pacify losses if any. When central banks purchase gold, it affects the supply and demand of the country’s economy resulting in changes that are inflationary in nature.

    In 2019, 4400 tons of gold was demanded by the jewelry industry. Jewelry and industrial demands decide which way the gold prices go. India, China and the USA are the largest consumers of gold jewelry in terms of volume.

    Jewelry accounts for highest demand for gold all around the world.

    Most investors have turned to gold as an investment especially during times of economic recession, political instability or unrest due to global movements. Gold, compared to equity and real estate, is considered a much safer option in terms of returns.

    Gold mining and extraction is an important factor in determining the prices of gold all over the world. China, Australia, USA and Russia are the major players that are actively involved in the mining process. Hazards faced by the miners makes it more challenging to acquire gold. These challenges add more cost to gold mining or production resulting in higher gold prices.

    History of Gold rates in India

    Gold has seen huge appreciation in its value and especially in India, this value is very significant since the country has a comprehensive political and economic history. The annual average price of gold (24carat gold per 10 grams) in 1964 was Rs 63.25. A few decades later in the 1990’s the price ranged from Rs 3,200 to Rs 4,400. In the early 2000’s, gold was trending at Rs 5,850. The next decade that is 2008 to 2016 saw gold prices range between Rs 12,800 to Rs 28,263. 2020 saw all time high in gold’s value at Rs 48,651.

    How Pandemic has affected Gold prices?

    The restrictions imposed by governments have caused temporary closures of mines. Lack of supply and transportation have an overall impact on the pricing. Among other world crises, Covid 19 has seen the largest surge in gold prices. After the first covid case in China, the annual demand rose by 38%. Following the Covid-19 crises, there is greater uncertainty in the global market and has propelled the gold prices.

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    World Gold Council

    The World Gold Council, with a purpose to stimulate and sustain the demand of gold, provides industry leadership and is the global authority on the gold market.

    WGC is the market development organization for the gold industry and its purpose is to put gold as investment in the frontier. It strives to make gold mainstream against global, political and economic backdrops. The organization has launched a web tool called Qaurum, to help investors understand the drivers of gold’s performance. It specifically demonstrates how gold behaves in various macroeconomic regions.

    Gold prices across India

    Gold price in India today is Rs 47000 for 24 carat gold per 10 grams and Rs 46000 for 22 carat gold per 10 grams. This value varies across the country’s major cities. Gold price (24 carat gold per 10 grams) in the country’s capital, Delhi, is Rs 56,020, in Bangalore and Hyderabad its Rs 48,290, and in Mumbai and Pune its Rs 47000. At the moment, Kerala has the lowest gold rate in India which is Rs 46,950.

    Conclusion

    Gold is a precious metal. It has emotional, cultural and financial value and people across the globe buy gold for different reasons. These reasons have been drawn from various socio-cultural factors, local and global market conditions and macroeconomic factors.

    For centuries it has been a safe haven for developed and developing economies as a hedge against inflation. Economic and global crises have widely determined the prices of gold and will continue to do so. Financial experts believe that gold will remain investors’ favorite and for the likes of the glittering metal, will surely appreciate in value.

    FAQs

    What is the present price of gold?

    In India, the highest price of gold is Rs 47000 (24 carat gold per 10 grams) and lowest price is Rs 46,950. In the global market the price of gold is $1830 dollars.

    Why gold prices are decreasing?

    Gold prices depend on how the US dollar rallies in the global market. US dollar has gained in value and this has caused the decline in gold prices.

    Is it a good time to buy gold now?

    This is the right time to buy gold since prices have come down by Rs 7300 from its record high prices.

    What will gold be worth in the next decade?

    The World Bank predicts that gold prices will increase by 50% in the next 10 years.

    What is the highest price of gold in history?

    On August 7, 2020 gold hit its highest ever mark valued at $2,067.15. Later, during the Covid 19 pandemic it was valued at $2000 dollars.

  • Startups Funded by Amazon | Alexa Fund Portfolio Companies

    Investment in promising startups is one of the newer trends, one that tech giants are seemingly interested in since the last decade. Larger corporations including Google, Amazon, and Facebook are offering Startup Accelerator Programs in which startups can register and showcase their potential as a consumer service or other niche. If the startup idea is recognized as a promising investment, they are funded by these corporations accordingly.

    Like other tech giants, Amazon is not new to the investment game, and has been funding startups since the previous decade through the Alexa Fund. Amazon has invested in all kinds of startups, ranging from Fin-tech to online education platforms to healthcare startups, it found promising. Although not all, below is the list of top startups that Amazon has funded, in different domains, and the rounds they were funded in and the investment amount.

    Blutag
    Fiddler
    Amira
    Yourika
    Lightform
    Zoobean
    HelixAI
    Aspinity
    Aaptiv
    SmartRent

    Blutag

    Blutag is a startup in the field of Machine Learning and Artificial Intelligence, and aims to develop voice shopping and integrate it with brands. Blutag has raised $1.5 million in 2 funding rounds, with Alexa Fund participating in the seed round. While it allows natural language conversation between users and the voice assistant, Blutag also helps sellers enhance sales through simple voice searches. It even makes personalized recommendations through AI, and creates an overall better and more convenient shopping experience.

    Fiddler

    Fiddler offers an explainable AI platform and helps you deploy robust AI solutions. Fiddler has recently secured a strategic investment from Alexa Fund, and is looking to expand its horizons and advance actionable AI insights to help businesses. Fiddler helps businesses by offering them complete transparency into the production AI systems so robust and high-performance AI solutions can be deployed. As of now, Fiddler has raised a total of $14 million which includes a funding of $3 million in the seed round.


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    Amira

    Amira Learning, the first AI powered learning assistant that uses speech recognition to help young readers, has secured an investment from the Amazon Alexa Fund. Amazon Alexa and Amira will work together to assist kids by tutoring them to read and learn via different devices and platforms. Amira was founded by the product and engineering team at Renaissance learning, and exhibits and demonstrates the ability to help children read and grow with an experience close to having a dedicated private tutor.

    Yourika

    Yourika, an AI assisted learning solution has been funded by top investors across North America including Amazon through the Alexa Fund. Yourika was founded by AI and EdTech experts with the idea that ‘anyone should be able to learn and discover anything, anywhere and at any time.’ Yourika has a lot to offer including live transcriptions, ORBITS, an efficient study tool, along with AI based learning APIs. The team of researchers at Yourika Labs is constantly working towards deploying newer methodologies to transform learning experience.

    Lightform

    Lightform, an augmented reality hardware company has recently secured a strategic investment from Amazon’s Alexa Fund and other investors including Lux Capital and CrunchFund among others. The products manufactured by Lightroom include LF2, the first sound sensitive AR projector, LFC kit for mounting and adjusting configurations, and a content creation software with a perpetual license. Lightform allows you to create immerse designs, map complex and organic forms, create content through adaptive visuals, and deploy content in the form of an immersive AR experience.

    Amazon Success Story | Latest News | Amazon Founder CEO | Revenue | Funding
    Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. Online shopping has become a part of the daily life for most us today. As per Statista[https://www.statista.com/statistics/251666/number-of-digital-buyers-worldwide/…

    Amazon Success Story

    Zoobean

    EdTech company Zoobean has secured investment by Amazon through the Alexa Fund, and looks to incorporate voice technology into its reading software through the raised capital. Be it educators, librarians, or families, Zoobean helps every willing individual to participate in and gain insights with reading challenges. Zoobean offers Beanstack for school districts, Beanbright for classrooms and school buildings along with badge books for high quality reading logs. With over a thousand clients so far and regular webinars co-hosted by clients, Zoobean is one of the leading EdTech companies when it comes to smart and efficient reading.

    HelixAI

    HelixAI, a voice powered digital assistant manufacturer, after participating in the Amazon Alexa Accelerator program has secured an investment from the Alexa Fund. The digital assistant for scientific laboratories build by HelixAI responds to regular queries in real-time and revolutionizes hands-free information access. While it can function as the laboratories voice activated search engine, its knowledge base can be customized to alter its response system for the information to be more scientifically relevant. It also helps researchers manage their inventories and effortlessly go through the protocol of their experiments.

    Aspinity

    Aspinity is a pioneer in ultra-low power analog edge processing, and has recently $5.3 million Series A funding round led by Anzu Partners and Amazon’s Alexa Fund. The power efficient analog machine learning chip is based on neuromorphic and computational electronics along with bio-inspired always-on sensing for high-octane power supply. The chips developed by Aspinity sort and filter out the irrelevant data resulting in lesser data processing, hence saving both time and energy and offering the device a longer battery life by about 10 times.


    Relevant Read:


    Aaptiv

    Aaptiv is a fitness app for anyone who isn’t able to plan out a day, and has raised $22 million in Series C funding round led by Amazon’s Alexa Fund with a current valuation of over $200 million. Aaptiv offers users access to thousands of workout classes every week, and has been an ever expanding community of over 200K fitness enthusiasts. Users can avail fitness programs tailored to their specific needs and routine, along with the guidance of expert trainers for the workout sessions. With just the right techniques, tips, encouragement and music, Aaptiv is striving to transform workout sessions more gratifying.

    SmartRent

    SmartRent, a smart home automation solution provider, has recently raised $60 million in Series C funding led by Amazon’s Alexa Fund. SmartRent has a lot to offer including self guided tours, parking management, access controls along with smart apartments. The smart home solutions are developed by multifamily operators for efficiency, convenience, and asset protection. The contactless property access management coupled with remote controls of doors, thermostats, and lights make it a trusted and reputed brand among operators and homebuilders.