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Tag: entrepreneur

  • List of Top 24 Startup Incubators & Accelerators in London (UK)

    From being known as one of the world’s greatest cosmopolitan cities to the second-most connected startup ecosystem across the world, London has come a long way. There is no doubt that London has experienced a rapid rise in startup incubator and accelerator programmes in the past few years, surpassing any other European city. This growth, with the absolute diversity of skills available, makes London a perfect place for entrepreneurs to build their startups.

    Let’s take a look at the following list of best startup incubators and accelerators in London.

    OneDay.io
    Bethnal Green Ventures
    Activate Capital
    Barclays Accelerator
    Entrepreneur First
    Collider
    Founder Institute London
    Hatch Enterprise
    CyLon
    Founders Factory
    JLAB Accelerator
    Level39
    WeWork Labs
    Wayra
    The Bakery
    Techstars
    Startupbootcamp InsurTech
    Seedcamp
    RocketSpace
    Platform-X
    Oxygen Accelerator
    Microsoft Scaleup
    L Marks
    InMotion Seed Programme
    Launch22

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    Are Startup Accelerators Worth It?

    OneDay.io

    OneDay.io isn’t your typical startup incubator. It is a more practical option for a university which wants to help those 50% of the population who want to become entrepreneurs rather than pursuing unappealing careers. Many people eventually become self-employed, enabling them to do what they love every day and fulfill their aspirations!

    OneDay.io assists people in achieving their objectives by matching them with a mentor who helps them develop their companies by offering guidance and instructions based on their own successful experience. Additionally, Oneday.io includes a virtual network called “OneDay community” that enables new users to communicate with each other and ask fellow entrepreneurs and trainers for help and guidance on building a business.

    OneDay also offers case studies of many other founders outlining how their firms succeeded, enabling aspiring entrepreneurs to gain knowledge from the achievements of other founders.

    Bethnal Green Ventures

    Bethnal Green Ventures focus on the startups working in the market sectors such as Social, Education, Healthcare, GreenTech and WorkerTech to provide funding and support. Their requirements from the startups are an innovative idea and a team that is ambitious to impact millions of lives and scale up the startup.

    Bethnal Green Ventures Website - A startup incubator in London
    Bethnal Green Ventures Website

    Bethnal Green Ventures deals with an investment of £20,000 in cash for an equity stake of 6%. They will provide the startups with mentorship programmes, workshops, workspace, access to investors and industry experts, etc.

    Few startups they have supported are AirPublic, Skin Analytics, Commonplace, Workerbird, Health VR, GoodGym, Ally Chatbot and many more.

    Activate Capital

    Activate Capital focuses on the startups working in Digital platforms to provide funding and support. Their requirements from the startups are to be an entrepreneur with a brilliant digital idea.

    Activate Capital’s terms for their deals or their Programme is divided into three phases:

    • The Foundation Phase is where they help the startups to validate their ideas and create the business model.
    • The Traction Phase is where they let the startups create a Minimum Viable Product (MVP) and go through user testing.
    • The Build Phase is where the startups will be able to build, launch and scale their product. The investments and the equity stake varies depending on the program phase.

    OneDay.io

    Barclays Accelerator

    Barclays Accelerator focuses on FinTech startups to provide funding and support. Their requirements include innovative entrepreneurs and startups focused on the FinTech industry.

    Barclays Accelerator Website - A Startup incubator in London
    Barclays Accelerator Website

    Barclays Accelerator’s terms and conditions for their deal is an investment of £120,000 for an equity stake of 6%. The selected startups will have an opportunity to gain access to workshops and events.

    They will be able to work at Rise London and Barclays Eagle Labs’ makers’ lab. They will also be able to receive mentorship from the industry leaders.

    Some of the startups they have supported are BaseStone, Oathello, Shieldplay, Stockfuse, Cuvva and many more.

    Entrepreneur First

    Entrepreneur First focuses on all tech or tech-enabled businesses to provide funding and support. Entrepreneur First chooses people on the basis of their ambition, potential and willingness to make a significant impact.

    Entrepreneur First Website - A startup incubator in London
    Entrepreneur First Website

    The terms and conditions of their deal is an investment of £80,000 for an equity stake of 10%. They will help the people to build cohesive teams and develop ideas. The teams will get an opportunity to work with experienced industry leaders and also be able to pitch in front of the investors.

    Some of the startups they have supported are Beyond, Affable, Hydroleap, Marble, CodeREG, Represent and more.

    Collider

    Collider focus on the startups working in the Commerce, AdTech and Marketing sectors to provide funding and support. Their requirements include entrepreneurs who want to develop their ideas and the ones with amazing mad tech talent.

    Collider’s terms of their deal is an investment between 50,000€ -100,000€ and access the mentorship of the Collider network for life.

    Some of the startups they have supported are Beem, Cooala, Duel, Tailify, Unrival and more.

    Founder Institute London

    Founder Institute London is a pre-seed accelerator. They focus on all tech or tech-enabled businesses to provide funding and support. They welcome both teams and solo founders at the pre-seed levels as well as those with the ideas or at the initial stage of the company.

    Founder Institute London Website - A startup accelerator in London
    Founder Institute London Website

    Founder Institute London’s terms and conditions of their deal is to support and create a strong support network. They will have to contribute 4% of their equity stake to a shared pool. Any financial returns received are then shared equally with the alumni, founder institute, program mentors and local leaders.

    Some of the startups they have supported are Udemy, TravelCar, Realty Mogul, Appota, Ovamba and many more.

    Hatch Enterprise

    Hatch Enterprise provides funding and support to the startups working in the Social Inequality Issues. They look to work with social enterprises, female founders and young entrepreneurs from disadvantaged communities.

    Hatch Website - A startup incubator in London
    Hatch Website

    Hatch Enterprise offers three programmes: Launchpad, Incubator and Accelerator to develop the idea and grow the startup. The startups also get access to workshops, mentoring and coaching, coworking space with support and access to a network of fellow entrepreneurs.

    Some of the startups they have supported are Built by Us, Hemp and Williams and Snact.

    CyLon

    CyLon provides funding and support to the startups working in the field of Cybersecurity. They look to work with startups that have a Minimal Viable Product (MVP) and be able to help in securing the digital economy with their innovative ideas.

    Cylon Website - A startup incubator in London
    Cylon Website

    Some of the startups that they have supported include CyberSparta, CyberSmart, Senseon, Tessian, BitNinja, Meterian and many more.

    Founders Factory

    Founders Factory focuses on all tech or tech-enabled businesses to provide funding and support. They look for entrepreneurs who want to start or scale their businesses.

    Some of the startups they have supported include LuckyTrip, Sampler, Vidsy and much more.

    Founders Factory Explained

    JLAB Accelerator

    JLAB Accelerator focuses on the startups that work in the Retail Tech sector. They look for entrepreneurs or startups who want to bring considerate changes to the retail industry.

    They provide mentorship and advice from the industry leaders and a marketplace to test your products or prototypes. Some of the startups they are working with are Memomi, Ruuby and more.

    Level39

    Level39 focuses on Cybersecurity, Retail Tech and FinTech startups to provide funding and support. They look for ambitious entrepreneurs and innovative startups who are aiming for growth.

    They conduct networking events, mentorship programmes, meetups and co-working spaces. Some of the startups they have worked with are Motive Partners, Revolut, etc.

    WeWork Labs

    WeWork Labs focuses on all tech or tech-enabled businesses to provide funding and support. They also focus on sectors like FinTech, Food Labs, Mobility Labs and Blockchain Labs. They help startups in scaling up their business on a global level.

    Wework Labs - A startup incubator in London
    WeWork Labs

    WeWork Labs does not take any equity in return for their service but the startups or the entrepreneur will have to pay a monthly membership fee. Nothing more than that.

    Wayra

    Wayra focuses on all tech and tech-enabled businesses to provide funding and support. They search for entrepreneurs who are innovative and wants to create a difference in the market.

    Wayra website - A startup incubator in London
    Wayra website

    They provide different programmes such as mentorship, investor networks, workshops, etc. and also an investment of up to $50,000 to scale the startups.

    Some of the startups they have worked with are Hospify, Cybershield, TravelAI, etc.

    The Bakery

    The Bakery also focuses on the startups that are working in tech or tech-enabled businesses. They look for entrepreneurs, innovators, early-stage startups and late-stage startups with innovative and disruptive ideas.

    They have 3 different programs: the start programme, partner programme and the accelerate programme. Some of the startups they have worked with are Qriously, Flourish, Bulbshare, etc.

    Techstars

    Techstars focuses on all tech or tech-enabled businesses. They look for teams that are balanced and strong with a wide range of skill sets.

    Some of the notable startups they have worked with are Coconut, Memgraph, etc.

    Techstars website - A startup incubator and accelerator in London
    Techstars website

    Startupbootcamp InsurTech

    Startupbootcamp InsurTech’s market of focus is Insurance Technology. They look for startups that are at their early stage with the innovative technology in the Insurance sector.

    They offer services such as office parks, investor networks, training from industry experts, etc. Some of the startups they have worked with are Relayr, Valoo, etc.

    Seedcamp

    Seedcamp helps all tech or tech-enabled businesses with startup support and funding. They look for entrepreneurs who are innovative and are trying to solve problems in the larger market sector.

    Seedcamp Website - A startup accelerator in London
    Seedcamp Website

    They provide funding of up to £100,000 for an equity return of 7.5%. They also provide networking sessions, mentorship programmes, etc. Some of the startups they have worked with are Monese, wefox, etc.

    RocketSpace

    RocketSpace focuses on startups based on sectors like Food and Agri Tech & Mobility Tech to provide support and funding. Its program is designed for later-stage startups who are willing to grow their business.

    They offer mentorship programmes, access to industry leaders for investment opportunities without any equity requirements. Some of the startups they have worked with are Leap Motion, Uber and many more.

    Platform-X

    Platform-X focus on the startups that are working in the market sector which include tech or tech enables businesses to provide support and funding. They look for startups that are innovative and wants to bring a change in the market that requires a platform to grow and develop their services and products.

    Platform-X website - A startup accelerator in London
    Platform-X website

    They provide an investment of up to £25M with no equity in return. They also provide mentorship programmes and co-working spaces. Some of the startups they have worked with are RotaGeek, Living Lens, etc.

    Oxygen Accelerator

    Oxygen Accelerator focuses on the startups that are working in the market sector which include all tech or tech-enabled businesses to provide support and funding. They look for startups with innovative ideas and that can create a high impact in the market.

    Oxygen Accelerator Website - A startup accelerator in London
    Oxygen Accelerator Website

    They provide an investment of up to 21,000€ for equity of 8%. The startups will receive access to mentors and investor networks. Some of the startups they have worked with are Reality Games and Vidsy.

    Microsoft Scaleup

    Microsoft Scaleup focuses on all tech or tech-enabled businesses to provide support and funding.

    Microsoft Scaleup Website - A startup accelerator in London
    Microsoft Scaleup Website

    They provide startups with mentorship and advice from industry experts and Microsoft sales experts. They also get access to Microsoft events. Some of the startups that they have worked with are GoSlope, Openhour, etc.

    L Marks

    L Marks focus on the startups that are working in the market sector which include tech or tech enables businesses to provide support and funding. They look for early and growth-stage startups with innovative ideas.

    L Marks website - A startup accelerator in London
    L Marks website

    They offer programs that include mentorship programmes from industry leaders, perks from support partners, etc. Some of the startups they have worked with are Winkapp, Ping and more.

    InMotion Seed Programme

    InMotion focuses on sectors like mobility, travel and transportation to provide support and funding. They look for startups and entrepreneurs with innovative and disruptive ideas.

    They invest in startups from the seed stage to Series B level globally. Some of the startups they have worked with are VALIDATED, Transit, Zeelo, etc.

    Launch22

    Launch22 is an incubator and coworking space that helps entrepreneurs to accelerate to the next level. They offer 3 months program with mentoring and networking events to help your idea and business succeed.

    Conclusion

    These are the list of top Incubators in London. Startups are receiving significant investments from local capital in the UK and a lot of startups have been setting up in the country. Due to its continuous support towards startups, UK has been seen as bringing their ideas into reality.

    FAQs

    How many incubators are there in the UK?

    There are 343 Accelerators & Incubators in the United Kingdom.

    Should you join a Startup Incubator or Accelerator?

    Startup Incubator or Accelerator helps the startup at the initial stage to take their business to a higher level. They provide guidance, mentoring, funding, infrastructure, coworking space, investors, etc. to startups in order to scale their business. They can be a good source of advice for early-stage startups.

    What is the difference between an incubator and an accelerator?

    In simple words, Accelerators focus on scaling a business while incubators focus on innovation.

    Which are the top startup incubators and accelerators in London?

    Here’s the list of top startup incubators and accelerators in London.

    • Bethnal Green Ventures
    • Activate Capital
    • Barclays Accelerator
    • Entrepreneur First
    • Collider
    • Founder Institute London
    • Hatch Enterprise
    • CyLon
    • Founders Factory
    • JLAB Accelerator
    • Level39
    • WeWork Labs
    • Wayra
    • The Bakery
    • Techstars
    • Startupbootcamp InsurTech
    • Seedcamp
    • RocketSpace
    • Platform-X
    • Oxygen Accelerator
    • Microsoft Scaleup
    • L Marks
    • InMotion Seed Programme
    • Launch22

  • Bollywood Celebrities Who Are Successful Entrepreneurs And Social Workers

    Actors don’t only act but also invest their money in startups and join the entrepreneur lifestyle. Big and recognizable Bollywood actors have invested in ventures either in monetarily or by becoming ambassadors to their brands. They bring a lot of money as well as popularity. They become role models, passionate and wear the right attitude about what they do with their investment. And they are also very active in social working and charitable functions.

    Here is a list of Bollywood celebrities who are Successful entrepreneurs and Social workers in India.

    Hrithik Roshan
    Shah Rukh Khan
    Karishma Kapoor
    Anushka Sharma
    Ajay Devgan
    Deepika Padukone
    Suzanne Khan
    Madhuri Dixit Nene
    Salman Khan
    Shilpa Shetty
    FAQ

    Hrithik Roshan

    Bollywood Entrepreneur Hrithik Roshan
    Bollywood Entrepreneur Hrithik Roshan

    He has acted as different characters in Bollywood films and has won awards and film fares for his roles. He is also talented in dancing. He is regarded as one of the A-list Bollywood actors.

    Hrithik Roshan has a passion for working for the community as a result of his childhood experiences. Some of the money he gets supports mentally challenged children in Dilhush special school in Mumbai. Part of his monthly income goes to charity. In 2008, he gave out $30,000 to treat stuttering children in Nanavati hospital.

    In 2009, He launched a foundation for charity to support handicapped people. He believes in publicizing his efforts to act as an example to the entire society. He took part in Ghatkopar festivity in 2013 and extended his service to girls who were starving and suffering from malnutrition.

    Roshan showed solidarity to the victim of floods in north India by donating $37,000 and also by constructing homes for people affected by floods in South Africa. Apart from acting, in 2014, he played football to raise funds for charity organized by Aamir Khan’s daughter. He donated profit gained from participating in the Dheere Dheere music video.

    UNICEF nominated him as an ambassador whose main goal was to educate children on sustainable development goals in over 100 countries. He loves doing social work even after being such a huge superstar. He is a good example of Bollywood celebrities as social workers and successful entrepreneur.

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    Shah Rukh Khan

    Bollywood Entrepreneur Sharukh Khan
    Bollywood Entrepreneur Sharukh Khan

    Apart from his acting skills, Shah Rukh Khan is also known for his entrepreneurial skills. He has made some smart investments by investing in real estate. He owns a real estate avenue in Dubai named SRK BOULEVARD. He also endorses a real estate group named “Royal Estates”. Meanwhile, who can forget his IPL team KKR.

    Apart from that he has his own production house called Red Chilli Entertainment with his wife Gauri. And who can ignore his brand endorsements of Pepsi, Nokia, Hyundai, DishTv, Tag Heuer and many more. He is truly the biggest Bollywood celebrity entrepreneur on this list.

    Sharukh khan is also known as one of the most charitable actor in India. He has established a special department for cancer and a special Children ward in Nanavati Hospital. SRK is also the only Indian to get an award from UNESCO for his Charity works.

    Karishma Kapoor

    Bollywood Entrepreneur Karishma Kapoor
    Bollywood Entrepreneur Karishma Kapoor

    She was born on 25th June 1974. She is a popular Bollywood female actor in Hindi films. Karishma is recognized as one of the highest-paid actresses. Her role in films gives women a different face. She has won several film awards and is one of the finest Bollywood actresses.  

    Karishma Kapoor is also one of the celebrity social workers in India as she has given her support to different charitable organizations for supporting women’s causes. She supports Salman Khan’s charitable trust. She actively participated with Priyanka Chopra in a campaign to advocate for girl rights.

    She also endorsed Kellogg’s brand, Danone, international skincare brand and crescent Lawn.

    Anushka Sharma

    Anushka Sharma
    Anushka Sharma

    Apart from cementing her position as one of the leading ladies in Bollywood, Anushka Sharma is also quite the celebrity entrepreneur in India. She and her brother and producer, Karnesh Sharma, co-founded the production company Clean Slate Films in 2014. The venture produces and distributes cinema and introduces new talent and fresh content to Indian audiences.

    Anushka Sharma is not only a leading female actor but also counted as a successful celebrity entrepreneur in India. In 2017, the actress launched her very own clothing brand Nush. The brand targets females who are looking for comfortable yet contemporary options in their wardrobes.

    Apart from these, she has endorsed several brands from Myntra to Nivea to Standard Chartered Bank to Google Pixel. There is almost not a genre of advertisement Anushka Sharma has not endorsed yet.

    Ajay Devgan

    Ajay Devgan
    Ajay Devgan

    Ajay is one of the most popular actor in Indian films. He is also a producer and director. In his area of specialty, he has received various awards including the Padma Shri.

    Ajay Devgan invested in the Charanka Solar Project in Gujrat. He also owns a production house called Ajay DevganFilm and a VFX studio.

    Deepika Padukone

    Deepika Padukone
    Deepika Padukone

    Deepika has taken to entrepreneurship by investing in Drum Foods International Pvt. Ltd, the maker of flavored yogurt brand Epigamia, as a partnership that will also see her endorse the brand. She even has invested in a seed round in learning and community platform FrontRow.

    Deepika also launched a brand ‘All About You‘ on the fashion app Myntra. She has also endorsed brands from Tanishq to Coca-Cola, Oppo and Axis Bank.

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    Suzanne Khan

    Susanne Khan
    Susanne Khan

    Susanne is one of the style editors and mentors of the LabelLife.com. She is well known as an interior designer. LabelLife.com offers quality, special and unique essentials for everyday life from clothes to kitchenware. They deal with cake stands that add taste when serving breakfast and glassware design when serving juice.

    In their specialty, they give back to the society whom they believe is valuable to them. They extend their community services in collaboration with the Bal Asha organization where they provide children with meals. Suzanne has also participated in breast cancer campaigns and Vogue FNO.

    Madhuri Dixit Nene

    Madhuri Dixit Nene
    Madhuri Dixit Nene

    Madhuri is a Bollywood female actor well known for acting in Hindi cinema and for her dancing skills. She is one of the finest Bollywood actresses. In 2008, she received a civilian award from the Indian government. She is philanthropic and in a game show in 2001, she won $ 5,000,000 which she donated to cater to the needs of the Gujarati earthquake and orphans in Pune. She participated in Greenathon organized by NDTV Toyota to provide solar power to the villages.

    She has a passion for elephants and looks for ways to preserve them. Madhuri is a patron of the charity project ‘Emeralds for elephant’. It creates awareness and raises money to protect the Asian elephant that is endangered.

    Madhuri offered support to children affected by cancer during the world cancer day supported by the Cancer Patients Aid Association.

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    Salman Khan

    Salman Khan
    Salman Khan

    Bollywood actor born on 27th December 1965, Salman Khan acted in several Multi-million dollar films. Salman Khan does a lot of charity work apart from his Bollywood career. He is the founder of ‘Being Human’, an NGO  which sustains itself by selling clothes online. Part of the product sales goes back to the underprivileged.

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    Shilpa Shetty

    Shilpa Shetty
    Shilpa Shetty

    Respect and dignity were her core values. Her show with BBC World Service Trust Television was designed to address issues of HIV/AIDS in India. Her participation was to stand with the sufferers of the disease. She is one of the finest Bollywood female actor, the film Phir Milenge featured her as a sufferer of the disease that made her feel attached.

    Shilpa Shetty is a strong supporter of the advertising campaign with PETA and stands against the use of wild animals in circuses. Shetty also has shares with a premier league in India, the franchise team for cricket.

    She hosted Sony Kal Dil in a reality television show. The show was meant to feature extraordinary efforts in charity to people in need. She also co-owns a salon named Iosis where people go for beauty therapy.

    Do you have any other celebrity you would want to add to the list?

    FAQ

    Who is the most charitable most charitable actor in India?

    Arguably, Shah Rukh Khan is the most charitable actor in India.

    Who are famous Bollywood entrepreneurs in India?

    Some Bollywood entrepreneurs are Shah Rukh Khan, Deepika Padukone, Anushka Sharma, Salman Khan, Ajay Devgan to name a few.

    Who are celebrity social workers in India?

    Sharukh Khan, Salman Khan, Shilpa Shetty, and Madhuri Dixit Nene are some of the famous celebrity social workers in India.

  • Story of Mukund Mohan and his Fraud | Who is Mukund Mohan?

    Mukund Mohan is a 48 year old Indian American Tech Executive and Investor that has been sentenced for perpetuating a scheme to fraudulently obtaining more than $1.8 million worth of Covid 19 disaster relief loans. Mukund Mohan was sentenced to a two-year prison on 25th August by the Western District of Washington. Mukund Mohan is a former Amazon, Microsoft Ventures executive and well-known curator at Vangal.

    Before getting caught, Mukund Mohan was a well-known angel investor who was based in Clyde Hill of Washington state. Mukund Mohan completed his education in Computer Science at Mysore University, India and then rose to become the Director of Engineering at Microsoft in America. After that Mohan became an entrepreneur in Bengaluru and also claimed to be the founder of over five companies.

    How Mukund Mohan claimed the Covid 19 Relief Funds
    The charges against Mukund Mohan
    Mukund Mohan’s past claims for fame
    Frequently Asked Questions

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    How Mukund Mohan claimed the Covid 19 Relief Funds

    To cover up the fraud, the infamous investor was known to have submitted fake and altered documents, which also included fake federal tax filing and incorporation documents with altered information. Mohan initially wanted over $5.5 million through eight fraudulent disaster loan applications and in order to claim these benefits, the fake documents included tax filling of six companies are Zuput, GitGrow, Vangal, Expect Success, Mahenjo Inc and Zigantic LLC.

    Only five out of the eight fraudulent loan applications were approved, bringing the total up to $1.8 million. According to sources, the funds were taken in order to help small startups retain their workers during the difficult time of the Covid 19 Pandemic where small startups would not have a steady capital flow. Mohan was arrested in the month of July 2020, for forging fake and altered documents in order to acquire over $5.5 million from Covid relief funds.

    Mukund Mohan giving a speech

    Based on the complaints, one particular company he applied loans for with misleading statements and false documents was Mohenjo. This company was purchased by Mohan in May 2020, which at the time did not have any employees or business activities. But according to Mohan’s fake documents the company was said to be in operation from the year 2019 and had employees for whom the company paid millions of dollars for employers salaries and payroll taxes.

    Mukund Mohan went on to plead on his blog on 14th August 2020 saying that,

    “I hurt people who trusted me, believed in me, and now are beside themselves. Unfortunately, I cannot talk about the details given the legal circumstances, but I truly apologise… I own my mistake, and now I have to course correct. Seeking help is what I am doing. I think the road ahead, though, will be very long,” Mukund Mohan.

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    The charges against Mukund Mohan

    Mukund Mohan is now accused of perpetuating a scheme to obtain Covid-19 disaster relief loans guaranteed by the Small Business Administration through the Economic Injury Disaster Loan and Paycheck Protection Program which are under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

    According to the press release of the United States Department of Justice, the techie has now been ordered to pay a fine of $100,000 and $1,786,357 in restitution. Mohan is now pleading guilty to wire fraud and money laundering with regard to his scheme of obtaining over $5.5 million under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

    Mukund Mohan’s past claims for fame

    This was not the first time Mukund Mohan has been involved with fraud cases, malpractices and fraudulent claims. From 2008 to 2012, Mohan had also made false claims of being a co-founder of over five startups, investing in 11 companies personally and three other companies through Napkin Stage (an investment firm).

    Out of the five startups that were said to be found by him, four startups excluding BuzzGain failed as they didn’t raise any funds. Whereas out of the three other companies said to be funded via Napkin Stage, ChargeBee and SignEasy clarified by saying that Napkin Stage was only an advisor and did not fund them.

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    Frequently Asked Questions

    Who is Mukund Mohan?

    Mukund Mohan is a 48-year-old Indian American Tech Executive and a well known Angel Investor.

    What did Mukund Mohan get caught for?

    Mukund Mohan got sentenced for perpetuating a scheme to fraudulently obtaining more than $1.8 million worth of Covid 19 disaster relief loans.

    What are the charges against Mukund Mohan?

    Mukund Mohan has been sentenced to two years in prison and has been ordered to pay a fine of $100,000 and $1,786,357 in restitution.

  • Indian Entrepreneurs who lost money since 2020

    2020 has been a terrible year for all of us financially. People lost their jobs, business went into loss and many shops ended up with unsold and wasted products. While the middle class managed the crisis by cutting down expenditures, top entrepreneurs across the country are forced to do the same.

    Since 2020, millionaire and billionaire entrepreneurs in India have suffered back breaking losses. Crores of rupees went down the drain as the market went south and businesses were closed. Hospitality agencies, food delivery chains and e-commerce business owners were among many who faced losses.

    Here is the list of top Indian entrepreneurs who lost money since 2020:

    Ritesh Agarwal
    Sachin and Binny Bansal
    Kumar Mangalam
    Vijay Shekhar Sharma
    Vipul Parekh, Sudhakar, Hari Menon, Ramesh, and Abhinay Choudhri
    Naresh Goyal
    Sunil Bharti Mittal
    Kavin Bharti Mittal
    Suraj Saharan, Sahil Barua, Bhavesh Manglani, Mohit Tandon, Kapil Bharti
    Deepinder Goyal
    FAQ

    Ritesh Agarwal

    Company – OYO Rooms

    Ritesh Agarwal
    Ritesh Agarwal

    The youngest billionaire of India, Ritesh Agarwal suffered a loss of a staggering 3000 crores in 2020. The company’s net worth fell by 40%. One of the reasons is supposed to be ‘the conflicts with hotel owners’, said Masayoshi Son.

    It is also contemplated that the investors got overly enthusiastic with the idea and overdid the whole thing without thinking much about the shortcomings.

    Sachin Bansal and Binny Bansal

    Company – Flipkart

    Sachin Bansal and Binny Bansal
    Sachin Bansal and Binny Bansal

    In March 2017, the company had 39.5% of all e-commerce market shares. Then, in August 2018, 77% of Flipkart’s shares were bought by Walmart, an American retail corporation. In FY 2020, it reported losses of Rs 1936.6 crore with Rs 6317.7 crore in revenue.

    Kumar Mangalam

    Company – Idea

    Kumar Mangalam
    Kumar Mangalam

    After the emergence of Jio, many network companies in India suffered major losses. ‘Idea’ is no different. In March 2020, the company was Rs. 1,15,000 deep in debt including Rs. 87,650 due to deferred payment obligations. Rs. 46,000 crores were to be paid as AGR dues. Rs. 68,544 million were paid.

    The company faced a loss of Rs 73,878 crores with Rs 44, 957.5 crore as revenue in FY 2020. The CEO, Ravinder Takkar has said that they are focusing on 4G coverage and capacity expansion to improve customer’s overall experience.

    Vijay Shekhar Sharma

    Company – Paytm

    Vijay Shekhar Sharma
    Vijay Shekhar Sharma

    Paytm is also lost money due to many competitors in the e-payment sector. In Ant Group IPO filing, losses are seen to be around 1435 crores. There was some light as it cut its losses by 28% in FY 20 but its revenues have also fallen 1% to 3350 crores.

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    Company – Big Basket

    Soon to be acquired by Tata group, this Alibaba-backed company offers home delivery of groceries. The company went unicorn in March 2019 but now records heavy losses back-to-back.

    It lost Rs 611 cores which were greater by 6.7% as compared to last year. The company is planning to be big in the coming year but now, it’s losing huge amounts of money each year.

    Naresh Goyal

    Company – Jet Airways

    Naresh Goyal
    Naresh Goyal

    After being grounded for nearly two years, the company suffered a loss of Rs 2,841.45 crores in FY 2020. 2019-20 total income was Rs 354.2 crores as per said in BSE filing. The company has been struggling financially since April 18, 2019.

    It’s under CIRP i.e., the Corporate Insolvency Resolution Process. The company failed to get funds for even daily operations and was temporarily shut down.

    Sunil Bharti Mittal

    Company – Airtel

    Sunil Bharti Mittal
    Sunil Bharti Mittal

    Bharti Airtel posted a net loss of Rs 2,866 crores by the end of the June quarter. The company has been in loss for a long time now and is struggling to get the back on its feet. The tough competition among Indian network services and the free services of Jio for a substantially long time has left very little room for other companies to thrive.

    Kavin Bharti Mittal

    Company – Hike

    Kavin Bharti Mittal
    Kavin Bharti Mittal

    Hike has been the sole local competitor of the online messaging giant, WhatsApp. But right since the beginning, it has been struggling with its operations. Hike’s revenue in 2019 was mere Rs 13,000 crore.

    It has failed to generate any substantial revenue in FY 2020. The company has been cutting down its losses as much as it can by reducing marketing expenses and employee benefit expenses.

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    Company – Delhivery

    Delhivery is an e-commerce logistics startup based in Gurugram. This suffered loss of Rs 284.13 crores in FY 2020. Unlike other companies on this list, Delhivery has managed to cut down its losses drastically from Rs 1781.04 crores in FY 2019.

    Its revenue for 2020 was Rs 2986 crores with expenses of Rs 3250 crores. The company is also planning for public listing in 2022-23.

    Deepinder Goyal

    Company – Zomato

    Deepinder Goyal
    Deepinder Goyal

    Zomato’s losses went up by 160% in the fiscal year 2020. It reported a loss of Rs 2,451 crores. The expenses of the company went up by 36% to Rs 4,628 crores. The good news is that the revenue also grew.

    Zomato also started dine-out which is mainly a transactional business as customers have to pay through the Zomato app. Zomato is a food delivery company which is bound to lose money in the Covid era. But there’s hope for growth as Deepinder Goyal is confident that it will witness a steep recovery post-Covid.

    Conclusion

    These were some of the Indian Entrepreneurs who lost crores of rupees due to various reasons. Some of them may recover and for some; it’s highly unlikely.

    FAQ

    Did entrepreneurs lost money in 2020?

    Yes, Many entrepreneurs lost money in 2020. Some of the top entrepreneurs who incurred huge losses are Deepinder Goyal, Vijay Shekar Sharma, Ritesh Agarwal and Sachin and Binny Bansal.

    What were the challenges faced by entrepreneurs by startups in 2020?

    Some of the challenges faced by entrepreneurs in 2020 were acquire funding to start the business, keeping existing customer, and finding new customers.

  • Gingercup – A Cup That Serves A Purpose

    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 GingerCup.

    Tea is India’s most favourite beverage and tea breaks are something that everyone enjoys. We rewind, relax, chat and discuss over a cup of tea. Bengaluru based paper cup startup, known as Gingercup is trying to make the best out of tea breaks, by reaching out to potential customers at tea time through their branded and beautiful paper cup.

    Gingercup – Highlights

    Startup Name GingerCup
    Headquarter Bangalore
    Founders Deepak Bansal & Devleena Neogi
    Sector Advertising/Marketing
    Founded 2015
    Services Paper cup advertising

    Gingercup – Vision and Mission
    Gingercup – Industry Details
    Gingercup – The Idea
    Gingercup – Name, Tagline, and Logo
    Gingercup – Product
    Gingercup – Funding
    Gingercup – Business Model
    Gingercup – Customer Acquisition
    Gingercup – Challenges
    Gingercup – Achievements
    Gingercup – Founders
    Gingercup – Work Culture
    Gingercup – Competitors
    Gingercup – Future Plans
    Gingercup – Tools/Software Used
    Gingercup – Advisors and Mentors
    Gingercup – Founder’s Advice
    Gingercup – Founder’s Productivity Hacks
    Gingercup – FAQ

    We interviewed the founders Devleena Neogi to know more about this unique marketing idea.

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    Gingercup – Vision and Mission

    GingerCup is a paper cup startup that thrives to provide the most innovative and effective marketing solutions, to its clients in creating a strong emotional connection with their customers. Ginger Cup is also known as the Ginger media group, has a long term goal is to be a media company that is the best and the default choice for branding across various verticals and to convert every white paper cup into a coloured cup branding.

    Gingercup – Industry Details

    The offline marketing industry is rapidly growing with the evolution of new media in OOH space. Consumers spend more than 70% of their working hours outside their homes. 60% of them are dedicated to regular consumer tasks such as commuting to work, working in the office, socializing, and drinking and eating outside their home or in the workplace.

    Also, since India is a tea-drinking nation, people from the age group of 18 to 80, from tier 1 city to villages, everybody loves tea. A typical Indian starts their day with tea and consumes at least 2 to 3 cups throughout the day. And that is where all the hot topics of the day get discussed.

    The ability to engage with consumers in their tea break makes paper cup marketing a powerful standalone medium and this is how the Ginger cups marketing strategy complements with other media. When an emotional moment combines with a discussion topic over tea, it exceeds the reach of word of mouth, amplifies the campaign and drives consumers to engage with brands online and in-store.

    Gingercup – The Idea

    GingerCup founders is Deepak Bansal and Devleena Neogi  said –

    Deepak came up with this innovative idea and discussed it with me one day. I could completely visualize the impact of paper cups as a media for branding at that very moment. The beauty of the idea was its simplicity. That was my AHA moment.  I loved it, but I had mixed emotions. I was very excited to execute the idea but at the same time a bit hesitant because of my stability in profession. Back in our mind, we were thinking – Why no one has tried this so far? Is it really going to be impactful? Whether the market will accept it or not?

    Every idea has its pros and cons. When we say simplicity is best at the same time it’s a threat in terms of business perspective. After hours of research, observation and executing a pilot campaign, they realized that it really was a breakthrough paper cup advertising concept.

    They both then decided to dedicate their full time to Ginger Cup. Also, the families and friends encouraged and supported us in every way. And that’s how GingerCup was started.

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    GingerCup logo and name comes from India’s favourite, “adrak wali chai” or ginger tea.

    ‘adrak wali chai’ holds a special place in the hearts of every individual. That’s where the name of our company, GingerCup, came from. Just like ginger gives flavor to the tea, our cup branding concept enhances the look of plain-white boring paper tea cups by displaying marketing messages.

    The tagline of the Ginger Cup reads-“‘cup that serves a purpose”. It serves a dual purpose, as it can be used to serve any beverage such as tea, coffee or water and for advertising purposes.

    The paper cup startup has a beautifully designed and meaningful logo.

    Gingercup Logo
    Gingercup Logo

    The letter ‘G’ denotes a piping hot paper cup reaching out with an arrow to a brand’s target audience.

    Gingercup – Product

    Ginger media group is a creative advertising agency that specializes in paper cup advertising. The paper cup business helps brands engage and interact with their target audience by printing marketing messages on paper tea cups. It helps brands reach out to their target group during tea breaks at offices and colleges.

    Unlike other advertising mediums, our paper cups advertisement provide an exposure time of 5-7 minutes in a clutter-free environment. Every cup branding campaign is planned keeping a client’s target audience in mind. For example Professionals in Tech parks, Corporate Companies, HNIs in Airlines, Trains, Colleges, Hospitals or Fitness centers, shopping malls etc.

    Gingercup Marketing
    Gingercup Marketing

    Gingercup – Business Model

    GingerCup business model is based on outsourcing paper tea cups from third-party vendors and prints advertising messages on them. The uniqueness of cup branding is the biggest USP of the company. Today, brands are constantly on the lookout for innovative ways and techniques to reach out to their target group and get them to take a call to action. This paper cup startup helps brands realize this dream.

    We strongly believe that our product is different in the market because it is a personal, dynamic and cost-effective marketing medium. We want our client’s message to reach as many people as possible. Thus, we have created a large inventory base through our tie-ups.

    Paper cup advertisement with Gingercup, allows brands to get access to 1400+ corporate companies that include MNC, SME, Startups, Co-working spaces, Food Courts of tech parks, 1500+ colleges, 60+ Hospitals, Shopping Malls, 7 Airlines (International and Domestic) and 75+ Premium trains (Rajdhani, Shatabdi, Duronto) across India.

    Gingercup – Funding

    When its comes to Gingercup funding, the company gets its funds through seed funding and angel investors. The two major Gingercup investors are

    • Sanket Gupta, Programme Lead, Google USA.
    • Rahul Shah, Technical Lead, Microsoft.

    Gingercup – Customer Acquisition

    Initially, Ginger Cup acquired clients through general sales and marketing techniques. Cold emailing worked great for them. After a couple of pilot campaigns, people began to notice and contact them.

    That’s when they truly started getting recognition for their work. From facility managers to leading brands, everyone was interested in understanding the advertising concept and ginger cup business model.

    Word of mouth has really helped us become who we are today – Devleena

    GingerCup counts Hotstar, Uber, Volkswagen, Huawei, NH Hospitals, Bookmyshow, Exide Life Insurance, Clovia, ISL – Delhi Dynamos, bahubali and Jet Airways as their clients.

    Gingercup – Challenges

    There are two major challenges faced by GingerCup at the beginning was getting the right manpower and building an inventory base.

    Firstly, hiring the right set of people was a big hurdle. However, to our luck, we were soon able to overcome it. Thanks to networking and references, we soon had the right talent joining our team.

    Secondly, building an inventory base was not a breeze either. Based on a campaigns demand, we were required to build consumer networks in new domains. Soon, we tied up with consumers in various locations and set up a large inventory base. Ginger media group is now operational in PAN India.

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    Gingercup – Achievements

    Within a short period of time, Gingercup has started offering services Pan-India, in cities such as Bangalore, Delhi, Noida, Pune, Gurgaon, Mumbai, Kolkata, and many more. The paper cup startup is also planning to expand abroad.

    Gingercup – Founders

    Deepak Bansal and Devleena Neogi are a couple entrepreneurs and teh Ginger Cup founders.

    Deepak  Bansal was working in the IT sector. He also worked as ‘Tech Lead’ in Samsung Research Institute, Bangalore.

    Devleena Neogi was an HR professional with exposure in business development for 6 years at different organizations like Wipro Technologies, iGatePatni and Magna Infotech Pvt Ltd.

    Gingercup – Work Culture

    We encourage an open door policy and believe every person should have a voice. We bridge the gap between leaders and employees by fostering open and honest communication. Our culture fosters diverse communities to create a large impact. Every employee in our organization works together to enhance the value we provide to customers.

    Team Gingercup
    Team GingerCup

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    Gingercup – Competitors

    There is no direct competition to GingerCup. But some of the GingerCup Competitors are Cupshup, Google and Facebook.

    We look at Google and Facebook as our competitors. Today, digital marketing and social media marketing have created a firm place for itself. We consider ourselves still in the nascent stage of experimental marketing. – Devleena

    Gingercup – Future Plans

    To sustain the attention of various target groups, GingerCup is looking to add a burst of innovation to their paper cups.

    Paper cup advertising and innovation are synonymous We are already working on an AR-enabled paper cups that will offer brands enhanced awareness, visibility, and engagement.  Ginger cups aim is to make paper cup business a potent marketing tool rather than just limiting it to a beverage container.

    Gingercup – Tools/Software Used

    The tools that GingerCup uses are

    • Google suite
    • HubSpot
    • Email Verifier Tool  
    • Sales Navigator

    Gingercup – Advisors and Mentors

    Mr. Rahul Shah and Mr. Sanket Gupta who happens to be the GingerCup investors and also is the mentor of the startup.

    Gingercup – Founder’s Advice

    Start fast, move fast and fail fast.

    I would like to tell my fellow entrepreneurs and readers not to rush immediately into fundraising. Rather create a real profitable business, solve real problems, and provide real products and services to real customers.

    Also, stay away from mental pollution. Maintain a good work-life balance by taking care of physical health and well being. Prioritize eating well and exercise. Only when the mind, body, and spirit are energized you will be able to get the taste of success.

    Being an entrepreneur, it’s sometimes a lonely journey. Besides, look at the brighter side. You get to do what you want and you get to do it your own way.

    Gingercup – Founder’s Productivity Hacks

    GingerCup founder Devleena Neogi shared some of her productivity hacks with us. Starting up a paper cup startup is definitely not easy. But it’s very important to keep yourself productive and organized always. The biggest productivity hack for Devleena is to strike a fine balance between his work and personal life.

    I give a lot of emphasis to self-care. Only when your mind is clutter-free can the creative juices flow. I also lead a systematic and disciplined lifestyle. My morning starts with yoga and meditation. Staying in sync with nature keeps me refreshed and helps me take on every new day with enthusiasm and confidence.

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    Gingercup – FAQ

    Who is the founder of Gingercup?

    Deepak Bansal and Devleena Neogi are the founders of Ginger cup.

    What is the business model of Gingercup?

    GingerCup outsources paper cups from third-party vendors and print advertising messages on them.

    When was the Gingercup founded?

    Gingercup was founded in 2015.

    Who are the Ginger Cup competitors?

    The Gingercup competitors are cupshup, Google and Facebook.

    What are the tools Ginger cup uses?

    The tools that GingerCup uses are

    • Google suite
    • HubSpot
    • Email Verifier Tool  
    • Sales Navigator

  • Fascinating Must Watch Documentaries For Entrepreneurs -Tactics That Can Help Your Business Grow

    In an era of “NETFLIX and CHILL“, movies, web series, shows, and documentaries have enthralled audiences on a large spectrum. Since a long time, great business documentaries with commercial potential have shredded their popularity but Netflix has brought the thrill in them.

    Binge-watching your favourite shows can be a good way to take the burden off your shoulders from a long-hectic day. There is a never-ending list of documentaries if you are an entrepreneur but there is something you should know about ‘must-watch’ documentaries about business and learn from them.

    The immediate effect of COVID-19 is ubiquitous on businesses and entrepreneurs. Though businesses have shut down its emotional toll on our mental health can be far worse than the physical pain.

    Often said in a pep talk- ‘get out of your shell and explore the world’ because that’s what brings up the zeal. Some go out and learn but help yourself to inspire yourself on a couch and a bowl of popcorn or a pen and notepad in front of the TV.

    Here’s a list of top 10 must-watch documentary films:

    Something Ventured (2011)
    Generation Startups (2016)
    Jiro Dreams of Sushi (2011)
    Elon Musk : The Real Life Iron Man (2018)
    Inside Bill’s Brain: Decoding Bill Gates (2019)
    Capital C (2014)
    The Startup Kids (2012)
    American Factory (2019)
    Startupland: A Documentary Film (2015)
    CodeGirl (2015)
    Becoming Warren Buffet (2017)
    Steve Jobs: One Last Thing (2011)
    The Director: An Evolution in Three Acts (2013)
    Print The Legend (2014)
    Enroe: The smartest Guys in the Room (2005)
    FAQ

    About Entrepreneur Documentaries or Business Documentaries

    The entrepreneur is a hub of an innovator, a source of new ideas, goods, services, and business/or procedures. The one with the vision starts a business and takes risk & loss at every obstacle in order to make money. There are 4 types of entrepreneurial organizations: small business, scalable startups, large companies, social entrepreneurs.

    Sometimes learning from others’ experiences and lessons one can tackle all of the common hurdles smartly. So, do the entrepreneur documentaries brings the visionaries from great entrepreneurs who now have turned out to be business leaders like Bill Gates, Steve Jobs, Walt Disney, Andrew Carnegie, Henry Ford, Oprah Winfrey, Larry Page.

    Many online platforms like Netflix and YouTube brings countless good business documentaries on startups and entrepreneurship business documentaries. It’s important that you watch selected documentaries rich with quality and motivation because that not only expands your horizons but also commits you to the whole learning and evolving process in your field. Documentaries on global business leaders not only teaches you the pecs of entrepreneurship but also gives you ideas to hit a good conversation.

    The qualities that a startup documentary or a show should have :

    • Humanistic values.
    • Entertainment.
    • Knowledge-seeking.
    • Business focus and networking.
    • Creative thinking.
    • Delegation.
    • Management.

    This sole would cultivate an element of motivation, passion, determination, and majorly how to race up the market shares.

    With a lot of genres in entrepreneurship documentaries, if you are here for to must watch business documentaries on how to enrich your business, build your pecs, or broaden-up your entrepreneurial knowledge, then

    Something Ventured (2011)

    Director of Something Ventured: Daniel Geller (co-director), Dayna Goldfine (co-director).

    This documentary about successful entrepreneurs builds a storyline on individuals who built a finance industry with the advanced modern technology in the past 50 years with companies like Intel, Apple, Gentech, and many more.

    Why Entrepreneurs should watch Something Ventured: It gives short and fun history learnings on the California companies and focus on venture capitalists around the Bay Area and silicon valleys.

    Generation Startups (2016)

    Directors: Cheryl Miller Houser, Cynthia Wade.

    Generation Startup takes the United States to the front lines of entrepreneurship in America, capturing the struggles and triumphs of six recent school graduates who place everything on the road to make startups in Detroit. Shot over a year, it associates honest, in-the-trenches investigate what it takes to launch a startup.

    Why Entrepreneurs should watch Generation Startups: The movie helps us Learn to fail and redefine success.

    Jiro Dreams of Sushi (2011)

    Director: David Gelb.

    A documentary about business success on 85-year-old dish master Jiro Ono, his noted Japanese capital eating place, and his relationship along with his son and ultimate heir, Yoshikazu. He puts perfection before approaching to success.

    Why Entrepreneurs should watch Jiro Dreams Of Sushi: The movie is fascinating and sacred, this portrait of a man in pursuit of perfection maybe a demeaning and life-changing experience, the value of being a perfectionist.

    Elon Musk : The Real Life Iron Man (2018)

    Director: Sonia Anderson.

    This goes on discovering the rise of Elon Musk, one who is reworking the means we expect concerning travel technology through electrical cars, the Hyperloop, and revolutionary concepts on how to endure computing and colonizing Mars.

    Why Entrepreneurs should watch Elon Musk : The Real Life Iron Man: The movie teaches persistence, doing things differently during a higher means, business school about entrepreneurship are not taught in school.

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    Inside Bill’s Brain: Decoding Bill Gates (2019)

    Director: David Guggenheim.

    A documentary about successful entrepreneurs that talks about Bill Gates‘  life as he pursues solutions and plans to a number of the world’s most advanced issues. Gates’ making an attempt to seek out to answer the insipid, off point, immature queries and “unbroken questioning”.

    Why Entrepreneurs should watch Inside Bill’s Brain: Decoding Bill Gates: 3 part mini segments are excruciating and delve into Bill Gates strategy.

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    Capital C (2014)

    Director: Timon Birkhofer, Jørg M. Kundinger.

    CAPITAL C is the 1st documentary concerning crowdfunding. The documentary CAPITAL C covers adventures of crowdfunding. Each character has a great success in crowdfunding. The documentary paints a picture of small industries’ journey to achieving success in the crowdfunding campaign.

    Why Entrepreneurs should watch Capital C: It conveys so well the eagerness, passion, energy and responsibility which is created when developers of products work directly for consumers of products.

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    The Startup Kids (2012)

    Directors: Vala Halldorsdottir, Sesselja Vilhjalmsdottir.

    The Startup Kids is a documentary concerning young net entrepreneurs within the U.S. and Europe. It contains interviews with founders of Vimeo, Dropbox, Soundcloud associated additionals and mention how they started their company and their lives as a bourgeois. in conjunction with those individuals from the technical school scene speaks concerning the startup surroundings together with the plunger Tim Draper and MG Siegler, technical school blogger at Techcrunch.

    Why Entrepreneurs should watch The Startup Kids: It’s one of the thrilling version of jumping off a cliff and having to build your own parachute. Staying on the edge of your comfort zone, and everything you’re doing is basically something you’re just barely qualified for or not qualified for.

    American Factory (2019)

    Directors: Steven Bognar, Julia Reichert.

    In this documentary, hopes soar once a Chinese company reopens a shuttered factory in Ohio. However, a culture clash threatens to shatter the American dream. The documentary American Factory shows the shifting ground of globalization, and the instability it brings to workers’ life. Workers attempt to find stability in this situation.

    Why Entrepreneurs should watch American Factory: Thoughtful and troubling look at the dynamic between workers and employers in the 21st-century globalized economy. Brings hope and fervour.

    Startupland: A Documentary Film (2015)

    Startupland: A Documentary Film

    Director: Justin Gutewin.

    Five startup CEO’s have twelve weeks during a tech accelerator to build their ideas into promising corporates before they present to a room full of investors. How Three guys risked everything and turned a bright idea into a world-class business.

    Why Entrepreneurs should watch Startupland: A Documentary Film: Since startup units are everywhere, teaches how to take risks and turning a plan into a global business.

    CodeGirl (2015)

    Director: Lesley Chilcott.

    Documentary concerning high school girls from around the world who attempt to higher their community through collaboration and technology. The documentary focuses on a coding competition. Female high school students learn to make business plan and write code. The teams identify a global problem and solve it by creating a mobile phone application. Messages included in Code Girl are overcoming the stereotypes, working hard to make a positive difference in the world.

    Why Entrepreneurs should watch CodeGirl: Brings on the diversity in all facets of technology among teens, parents and teachers and throws light on a specific project.

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    Becoming Warren Buffet (2017)

    Director: Peter Kunhardt and Brian Oakes

    This startup documentary is based on Warren Edward Buffet who is an American businessman, investor, philanthropist and the CEO of Berkshire Hathaway. The documentary follows the business magnate on his journey from being a numbers-obsessed boy from Nebraska to being one of the richest and most respected men in the world. The documentary shows us how the billionaire still lives in a modest home in Omaha and drives himself to his office to manage Berkshire Hathaway

    Why Entrepreneurs should watch Becoming Warren Buffet: entrepreneurs can extract important life lessons from the humble billionaire, his family and his peers.

    Steve Jobs: One Last Thing (2011)

    Director: Mimi O’Connor and Sarah Fanthorpe

    Steve Jobs: One Last Thing is one of the best documentaries on entrepreneurs, as it based on none other than Steve Jobs, the Cofounder and former CEO of Apple. The documentary follows his journey of Steve Jobs, his talents, style, influences and imagination that led to changing all of our lives. The documentary is unique as its draws from his interviews with people and gives us a peak into his complex life. While Steve Jobs friends, fans, colleagues and rivals reflects upon his talents and achievements.

    Why Entrepreneurs should watch Steve Jobs: One Last Thing: the documentary shows how some people and their inventions can change our everyday world of work, leisure and the way we communicate.

    The Director: An Evolution in Three Acts (2013)

    Director: Christina A. Voros

    The Director: An Evolution in Three Acts is best documentaries for entrepreneurs for want to venture into the fashion Industry. This documentary is from the point of view of a filmmaker who examines the work of the Italian fashion designer Frida Giannini, who is the creative director for Gucci. It showcases how the fashion designer made her decision to return to the famous brand’s iconic past to reimagine its path into the brand’s future.

    Why Entrepreneurs should watch The Director: An Evolution in Three Acts: It shows behind the scenes of world-renowned fashion house Gucci and how big luxury fashion brands work from coming up with a concept to runway and finally into people closets.

    Ritu Kumar: The Pioneer of Indian Fashion
    Ritu Kumar is one of the leading fashion designers in India whose dresses are worn by famous personalities like Princess Diana and Priyanka Chopra.
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    Director: Luis Lopez and J Clay Tweel

    Some entrepreneur documentaries like Print the Legend are rare as it focuses on the evolution of a particular industry. Print the legend is award winning startup documentary that focuses on the 3D Printing Industry and startups like MakerBot and Formlabs and major printing companies such as Stratasys, PrintForm and 3D Systems. The documentary is shot wholly on Canon EOS C300 and Canon EOS C100.

    Why Entrepreneurs should watch Print The Legend: the documentary explores the innovative thinking behind 3D printing and how companies are trying to bring 3D printing into your desktop and life.

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    Enroe: The smartest Guys in the Room (2005)

    Director: Alex Gibney

    Enroe is a documentaries on entrepreneurs and the mirror to the modern corporate corruption especially in America. The documentary explores the fall of the Enron Corporation, and how the executives of the company resort to several illegal schemes in order to make money at any cost and keep their high-paying jobs. Enroe is a critically acclaimed documentary whichbased upon the best-selling 2003 book of the same name.

    Why Entrepreneurs should watch Enroe: The smartest Guys in the Room: Very few documentaries on entrepreneurs, teach you a lesson that no matter how many bad days a business man or an entrepreneur has, he/she must always have integrity and be honest.

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    Entrepreneur Documentary Films

    documentary films which you can watch and enrich your business
    documentaries which can enrich your business
    • Print The Legend (2014)
    • The Inventor(2019)
    • Tony Robbins: I’m Not Your Guru (2016)
    • Seeing Allred (2018)
    • Freakonomics (2010)
    • Becoming Zlatan (2015)
    • Becoming Warren Buffet (2017)
    • Betting On Zero (2016)
    • House of Z (2017)
    • Silicon Cowboys (2016)
    • She Did That
    • Merchants of Doubt (2014)
    • Pirates of Silicon Valley (1999)
    • Once in a Lifetime (2006)
    • Maxed Out (2006)
    • The Call Of the Entrepreneur (2007)
    • The Corporation (2003)
    • Triumph of the Nerds (1996)
    • The Pixar Story (2007)
    • Standing in the Shadow (2002)
    • Startup.com (2001)
    • Flash of Genius (2008)
    • e-Dreams (2001)
    • We Live in Public (2009)
    • Wal-Mart: The High Cost of Low Price (2005)
    • The Entrepreneur(2009)
    • Hank: 5 Years from the Brink (2013)
    • Ctrl+Alt+Complete (2011)

    Enjoy Watching them because at the end when the timing is right, years of trying and never giving up, will make you look like an overnight success.

    FAQ

    What are the 10 pecs of an entrepreneur?

    • Opportunity-seeking and initiative.
    • Persistence.
    • Commitment.
    • Demand for efficiency and quality.
    • Taking calculated risks.
    • Goal setting.
    • Information seeking.
    • Systematic planning and monitoring.
    • Persuasion and networking.
    • Independence and self-confidence.

    What is entrepreneurial competency?

    Entrepreneurial competencies can be defined as underlying characteristics such as generic and specific knowledge, motives, traits, self-images, social roles, and skills which result in venture birth, survival, and/or growth (Bird, 1995).

    What are the 7 characteristics of entrepreneurs?

    7 Characteristics of Successful Entrepreneurs:

    • self-motivation.
    • Understand What You Offer.
    • Take Risks.
    • Know-How to Network.
    • Basic Money Management Skills and Knowledge.
    • Flexibility.
    • Passion.

  • The Complete Office Setup Guide for Entrepreneurs

    “Don’t be afraid of the space between your dreams and reality. If you can dream it, you can make it so.” – Belva Davis.

    The words above laconically describe an entrepreneur’s ethos, entrepreneurship is all about turning even the most paradoxical dreams or ideas into practicality. But the space between these two things might appear to be infinite if you don’t step on the right road from the start. And if you do all of it right, voila you have a startup. Congratulations! But the work doesn’t end here, the road ahead has a lot of steps and the first one is to set up the right office.

    Startups usually begin with a small team so you don’t need to have a huge space, just a well-constructed area in an apt location would do. Let’s dig into some must-haves in a new working space. Let us see the complete report on the ultimate office setup guide for entrepreneurs.

    Who Is An Entrepreneur?
    The Structure Matters
    What All You Might Need?
    Let The Office Speak
    FAQ’s

    Who Is An Entrepreneur?

    Before moving on, let’s try to understand what is entrepreneurship? Who is an entrepreneur? How to become an entrepreneur?

    According to the Entrepreneur website, an entrepreneur is-

    Someone that creates something new, either an initiative, a business or a company. He or she is the beginning (and sometimes the end) of a venture, project or activity.

    The entrepreneur might not be the ideator, but he or she is definitely the one that decides to make that idea a reality. An entrepreneur is a driver, a starter is accountable and responsible.

    The video below clearly explains all these questions in brief. Have a look into it to understand entrepreneurs better.

    The Structure Matters

    Cool, open office spaces are now the new trend, the layout isn’t considered of that much importance. But, the fact of the matter is that structure matters a lot. The structure is the first and the foremost point which should be in the checklist of the ultimate office setup guide for entrepreneurs. You need to divide the space diligently. You got to maximize the utility even after realizing the limitations of space, budget or maintenance.

    Open space doesn’t mean interference. Every employee should get a proper working area where they can isolate themselves and think. Remember, the environment influences the quality of the work.

    Office Setup for Entrepreneurs
    Office Setup for Entrepreneurs

    You got to fade away noise. Whether it’s from your own office, or from somewhere around you. Lay carpets to dampen the excess noise. Use curtains, if you have employees who constantly need to be on the phone with the clients or give them a separate space.

    Proper partition of space is super crucial. You need a formal meeting room, you need a brainstorming area, you need an informal briefing area, the paperwork room, you need cabins for the founders, a small kitchen, washrooms and what not. You see, a small office has a million smaller rooms. If you don’t manage the space cautiously chaos is bound to be your first client.

    What All You Might Need?

    1) Reception Area

    The most important thing if you’re setting up an office as an entrepreneur is a welcome space i.e. The Reception Area. This is the first impression of your company, this sets the theme in your client’s mind, in your employees’ mind. You don’t need to overdo it, just add a fascinating backdrop, a classy desk, some pictures, figures on display, and your company’s name in a stylish, unique manner that stays in the client’s mind for long.

    2) Work Desks

    Rows of individual cubicles with desks and chairs, don’t make their hellholes. Choose the ones, which feel more open and connected to the whole space but also give you the room to function. Place ergonomic chairs and tables so that they will be comfortable while working for long hours.

    3) Board Meeting/Client Meeting Room

    This space where you’ll talk to your prospective clients, this is where you lay down the work, where you persuade them to go with your ideas. The room should be professional, of course, but should it be nerve whacking? No. Make the room formal but don’t lose touch. Make it comfortable. Add a plant or two in the corners. Let it have glass partitions. Remember you need a projector, a great conference table and comfortable chairs.

    4) Brainstorming Zone

    This might just be the most important space. Startups are made up of ideas. They feed on ideas, nurtures ideas, if not ideas then why even call it a startup? The brainstorming area is where dreams are born, this is where plans are made, this is where the foundation of the building called success begins. This is the place where your journey of becoming a successful entrepreneur begins in the first place. You need to focus on the energy in the room, it should be motivating, it should spark something. Add up a bookshelf, fill it up with amazing books relevant to inspirational content. Put up posters, which contain a spirit that resonates. Set the room up with whiteboards, beanbags, a small swing maybe.

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    5) Briefing Area

    This is the zone where communication happens. This might be the space where you design the outline for the day, set the targets, assign jobs or just talk. Talk about progress, loopholes, improvements anything at all. Space should be comforting and informal so that the employee feels free of any barriers to expression. Just add a few chairs arranged in a circle or something with a table in the middle for paperwork and you’re good to go.

    6) Kitchen and Coffee Area

    Startups usually don’t stick to the 9 to 5 regime. They have flexible working hours with some going on even the night. You need to fuel your employees so that they can deliver. Make a small kitchen with an induction stove, coffee maker, snacks, 2 minute noodles, energy bars. Keep a small fridge for some fruits or something. Keep it stocked. Let your employees contribute to the fridge.

    7) Play Area

    As much as it is about work, startups are also funky and friendly. Design a small relaxing area, where there’s music, a small tv, a foosball table, UNO, Jenga. If you have the budget, make the office pet-friendly, dogs are the best stress-busters, maybe all that the mind-blocked employees need is an escape for a while to make the productivity race. This will improve the overall vibe of the office, give it a playful impact.

    Let The Office Speak

    The company vision should echo in the space, the employees should feel the work that does, and the environment gives them that vibe.

    Casual is the key, but remember your office nurtures your work. The office should resonate with the motivation behind your startup. It should be a little version of the big mountain, that’s your inspiration. Put up motivational stickers, posters, add up the flavor with your company name. Anything that adds a personal touch. Keeping it bare would make it dull faster than quicksand.

    Organize team-building events, fun activities, co-curricular activities, surprise them with gifts that will allow your team members to interact with each other and will also keep them off from their work for a while.  

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    When you have a small space, it’s very easy to make it monotonous, because why take the effort. But, a few months into the work and the monotonicity will start suffocating. So, it’s better if you make every room different. For example, add colours. Choose the brighter ones for the brainstorming area, obviously the decent ones for your cliental meeting zone. Add wall decor, wall art to make it more classy. Green adds life to space, so remember to have indoor plants.

    Your office should be a combination of industrial and cozy. The office environment should allow people to socialize and communicate with each other, interact with their fellow colleagues to be more efficient and comfortable at their work. Falter here, and all you get is a boring space. Startups create magic, so let be unique, let it be flawed, what matters the most is that it should be personalized.

    FAQ’s

    Who is an Entrepreneur?

    The entrepreneur might not be the ideator, but he or she is definitely the one that decides to make that idea a reality. An entrepreneur is a driver, a starter is accountable and responsible.

    Where do entrepreneurs work?

    The workplace of an entrepreneur will be office-based, but it can vary.

    How big is the workplace for entrepreneurs?

    The size of the workplace will depend on the size of the venture and may start at home or in a small office and grow to a large corporation.

    What is the work environment of an entrepreneur?

    An entrepreneurial work environment is one in which people are not afraid to take calculated risks, and in which they can embrace the idea of learning something valuable from a failure.

    How many hours does an entrepreneur work?

    Lots of entrepreneurs work 60 to 80 hours a week.

    Why are coworking facilities attractive to entrepreneurs?

    Coworking can greatly ease the path to starting a new business and also provide flexibility when your business is growing. You can add team members at any time without the costs and commitment of commercial lease space.

    Feel free to reach us and share your feedback. We would love to hear from you. Do comment us in the comments section below. Happy Reading.

  • Top-Notch Entrepreneur, Milan Ganatra’s View on Fintech Industry [Exclusive Interview]

    StartupTalky interviewed Mr. Milan Ganatra, a prominent face in the wealth management community to get his professional opinions and views on the Fintech Industry in India. He brings with him more than two decades of experience in financial services. This serial entrepreneur and investor founded Miles Software, a path-breaking company in the fintech space.

    As an individual, Milan Ganatra believes that life is a beautiful journey where it is essential that one constantly grows, gains experiences, and learns new subjects. Milan continues to believe, despite increasing competition, that fintech has enormous potential. With a solution-oriented mind, he is interested in finding like-minded partners with whom he can invest in ventures within the sphere of fintech. A prime example of this is his investment in Financepeer and Finalyca after his exit from Miles Software.

    His eagerness to explore urged him to invest and form a disruptive fintech platform – 1Silver Bullet, which provides gateway infrastructure for a range of tech-based avenues such as Edtech, Agritech, Insurance, Traveltech among others. Milan is a member of the Advocacy & Knowledge Management Committee for the Indian Institute of Alternative Investments funds, as well. He also consults several banks  and financial institutions. Known for his dedication to his profession, he is always excited to hear new ideas, invest in new projects, and offer innovative solutions.

    Let’s see what Mr, Milan Ganatra has got to say on the Indian Fintech Ecosystem in the post ahead!

    1. Motto of 1Silver Bullet and How it works
    2. Top trends in the Indian FinTech Ecosystem
    3. Change in the Fintech Industry of India in the Pre & Post-covid Era
    4. Growing usage & Advancement of Technology in the Fintech space
    5. Role of AI / ML -driven performance analytics in the fintech space
    6. Future of the Fintech Space
    7. Role and Future of Robo Advisory in Investment management
    8. How to be successful in the growing technological advancement in fintech space?
    9. Data Security in Fintech Space: Distinguish a legitimate fintech platform from a fraud
    10. Milan Ganatra’s Expectations from Startups prior to Investing
    11. Milan Ganatra’s Recent Investments and Future Plans
    12. Contact Mr. Milana Ganatra for Investment, Mentorship & Solutions
    13. Milan Ganatra’s Advise to the Budding Fintech Platforms

    1. What is the main motto of 1Silver Bullet? How does it work?

    With 1Silver Bullet we are trying to democratize the digitization of the financial space. Despite the recent emphasis on digitization, there are still glaring gaps that neither incumbents nor fintech have managed to cross over. With 1Silver Bullet our effort is to lay down the infrastructure and provide a well-thought digitization framework that can help these organisations to transform their legacy systems in a smooth, efficient, and time-bound manner. We lay down the framework and provide them with the tools so that they can focus on their core business.

    The most striking trends in the fintech ecosystem are centered around how these new-age companies have disrupted the status quo. They quickly seized the ground from incumbent players by introducing technology to improve and simplify processes. The three topmost fields where we saw fintech companies make their mark are:

    • Payments: Apps like GPay and Paytm are some of the most popular payment apps. They completely revolutionized how people in India make payments today
    • Banking: The success of fintech shows how banks have no choice but to keep up with the pace set by these neo banks. While most of the neo banks have an anchor point, like investment or SME, what they offer is a holistic experience.
    • Investment or brokerage: Groww, Zerodha or Upstox offer a completely different experience to investors, making it more democratic, accessible, and easy-to-use than any other traditional means. They have opened access to users who are tech-savvy willing to explore investment options that otherwise would sound complex. Consequently, they have grown very quickly in a very short period.

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    3. What change did you witness in the Fintech Industry of India in the pre & post-covid era?

    The COVID crisis is a watershed moment in our history and it has left an undeniable impact on every aspect of our life. The fintech industry is no exception. In general, we have seen that digital platforms found a wider acceptance with the spread of digitization and there is good reason to stay bullish about the future.

    A recent report by Matrix Partners and McKinsey & Company shows that fintech across different segments have experienced mild to major disruptions with the lending sector being the most affected. In wealth management and insurance, we have seen some positive moves. The pandemic has also forced some segments to put a hold on their new products with 50% of the neobank delaying product launches. But these disruptions notwithstanding, the outlook is quite optimistic on future growth. This comes from an increasing acceptance of fintech and the wide adoption of technology across sectors. For instance, incumbent institutions like banks are now tying up with fintech to improve their digital presence, boost reach, and create a more efficient delivery of products.

    Fintech Industry

    4. How can one keep up with the growing usage & advancement of technology in the Fintech space?

    What is considered cutting-edge tech today will get obsolete very soon. The only way to keep up is through investing in continuous Research & Development (R&D) and keep upgrading the tech stack. The other equally important aspect is the service. User expectations change with time and with increasing competition. We have to keep improving and innovating. The agility to disrupt yourself is the key mantra for any fintech to survive. It must have the agility to adapt, the will to improve, and the tenacity to keep looking for a way forward.

    5. Highlight the role of AI / ML- driven performance analytics in the fintech space

    Artificial Intelligence and Machine Learning have transformed the fintech space and will continue to be the drivers in its growth. The evolution of Robo-advisors and its growing impact on wealth management is a perfect example of how these technologies can create a revolution. But there are many other myriad ways in which we use AI/ML to create more efficient and secure services while improving the accuracy of our processes. Something as simple, but critical, like automated customer support, rely on AI/Ml to reduce human intervention, gather data, create a more efficient, and quicker turnaround for the customer. But it’s not just performance analytics, AI/Ml is a game-changer when it comes to predictive analytics.

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    6. What do you think is the future of the Fintech space?

    Given that India has the highest fintech adoption rate in the world, we can safely predict a bright future for the industry. In Asia, the Indian fintech industry has already pipped China to lead investments with close to $286 mn from 29 deals, against China’s $192.1 mn from 29 deals in Q1 2019.

    Despite the COVID-19 slowdown we can expect an annual growth rate of 20.2% till 2023. We may need some course correction in the short term to counter the impact of the pandemic, but in the long term, I see fintech gaining more and more ground as digitization becomes the norm.

    7. How effective is the role of Robo Advisory in Investment management? What does the future behold? How will it impact the employment of potential prospects?

    Robo-advisors are the most efficient online investment management services that employ mathematical algorithms to offer financial advice with nominal human intervention. The AI helps manage clients’ assets in a structured and strategic manner. It also understands and predicts investor behavior. This helps build a comprehensive investor profile giving in-depth and accurate information on the investor liabilities, spending patterns, and likely behavior. While it does everything in an automated fashion, the human interface is crucial to monitor the performance from time to time. We cannot say that it will eliminate human advice.

    “Humans and machines will work in harmony in the space of investment advisory”

    In terms of its impact on skills in the wealth management industry, we are already seeing a greater demand for technical training to work with Robo advisors. We will need coders, analytic experts, and wealth managers who can work with data, AI, and machine learning.  

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    8. From ideation to evolution & ultimate revolution – how can one be successful in this journey with growing technological advancement in the fintech space?

    Like any other revolution, success always begins with an idea. But it does not necessarily have to be unique. Some of our most successful businesses today are testament to the fact that it is rarely the first-mover advantage that works. What takes an idea from its germination to a decisive success, is the execution. When it comes to fintech, we first see if the concept simplifies a complex process, if it makes the life of a consumer easy.

    Next, we see if it can be scaled up. Then comes the hard work of fine-tuning the initial concept. We have to continuously listen to the customers, understand their pain points. The revolution comes only when we provide the customer with a unique and amazing experience.

    “There is no magic and no short-cuts here, just hard work”

    9. How safe is the customer data in Fintech space? How do you suggest customers distinguish a legitimate fintech platform from a fraud/illegitimate/unregistered?

    The safety of consumer data is the most serious issue facing the fintech industry and it must be addressed urgently if we want to keep our momentum and gain wider acceptance. To avoid falling for a fraudulent fintech, consumers are advised to stay vigilant. Beware of any platform that tries to impose a quick decision, does not carry out standard verification procedures, is unclear on its fee, or does not carry a physical address on the website. At the very least it should have a secure https:// web address.  

    But there is undoubtedly a larger and more fundamental problem of safety that we face today, which can make a serious dent in our trustworthiness in the industry as a whole. We need a singular tech-focused regulator that can enforce compliance, not the current fractured structure that stays divided between RBI, SEBI, and IRDA. We must hold fintech responsible in the way we hold banks liable. Until a regulator steps in (as it eventually will), responsible fintech should follow best practices, such as disclosing vulnerabilities, to reassure customers.

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    10. With your recent investment in 1Silver Bullet & Finalyca, Are you planning to invest in any more upcoming fintech startups or thinking about a whole new yet another innovative venture?

    I am exploring completely new domains. I have recently invested in Halaplay, a part of Nazara Technologies which is a listed Indian gaming and sports media platform. Online gaming is an interesting space to grow and thrive in. A new venture is something I will talk about when I am ready to announce it.

    11. How can one potentially connect with you to either present ideas, get innovative solutions/mentorship or investment and stand out from the crowd?

    Mr. Milan Ganatra’s Email ID: Milan@ganatramail.com

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    12. How do you scrutinize the list of startups before making an investment? What do you expect?

    When we evaluate a startup for an investment, there are a few factors we are looking for. These centre around the founder, the concept, and the founding theme. The founder’s passion and commitment towards their idea is the first thing we check. Then comes the potential of the concept in terms of its scale. Does it address a generic or exemplary issue? Finally, we come to the founding theme and its clarity. Our focus is on the planning involved, whether it is detail-oriented and quality conscious.

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    13. From Miles Software to 1Silver Bullet – Your out-of-the-box ideas & innovations is commendable! What would you advise the budding fintech platforms?

    “If you think you have an idea, come out of your comfort zone and pursue it. There is no better time than today to pursue your dream. You may have to go through some struggle but believe in yourself. Be passionate about your idea”

    Conclusion

    The Indian Fintech ecosystem has seen tremendous growth, even during the pandemic times. Given that India has the highest fintech adoption rate in the world, we can safely predict a bright future for the industry. In Asia, the Indian fintech industry has already pipped China to lead investments with close to $286 Mn from 29 deals, against China’s $192.1 Mn from 29 deals in Q1 2019. Despite the COVID-19 slowdown we can expect an annual growth rate of 20.2% till 2023.

  • Unheard and Shocking Secrets of Successful Entrepreneurs

    Top 5 Successful Entrepreneur’s Dark Secrets always kept hidden

    The success is an addiction and it’s only salvation is more success.  The entrepreneurs like Steve Jobs, Mark Zuckerberg , Bill Gates, Elon Musk and Roy Kroc have always inspire us to follow our dream. They are the role models for the young aspiring entrepreneurs, but today I’m going to burst the bubble of their perfect image and disclose the Successful Entrepreneur’s Dark Secrets. They are not perfect as we assume them to be, there are lots of hidden secrets present behind their multi millionaire empire. Let’s unveil the cloche from the life of these big business shark’s.

    Successful Entrepreneur’s Dark Secrets
    Steve Jobs
    Bill Gates
    Mark Zuckerberg
    Elon Musk
    Roy Kroc

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    Successful Entrepreneur’s Dark Secrets

    Steve Jobs

    The man behind the Apple, considered as the father of modern technology is not that amazing as we think of him. He has achieved this success by crushing many hearts and dreams. His success is built up on the sacrifice of many people, whom he cheated to achieve his dreams. The man has given us tremendous leap in technology, but he was called as devil advocate by his colleagues.

    Jobs has failed in his on many fronts. He failed as father and friend. It’s known by everyone that how he didn’t pay child support for his daughter Lisa and let her mother take all her responsibility. He was twenty when he had his daughter, but it’s no excuse to leave his responsibility because as a father it’s his duty to provide for his child, where he fails. Later, when he got successful he rekindles with his daughter and she stays with him, but that doesn’t make it right.

    A Dark Story of Steve Jobs You Must Know

    Steve Jobs

    He is a true example of ungrateful friend. In the 1970’s, Steve Jobs was working for Atari, designing the game “Breakout”. Overwhelmed with work with a deadline quickly approaching, he approached Steve Wozniak for help in finishing his project within the next four days. In exchange for his help, Jobs offered Woz half of what he was earning, which he said was $700.

    For four days, both Jobs and Wozniak worked day and night without sleep. When they were done, they were sick with mono and exhausted, but they finished the project before the deadline. Wozniak got his $350 cut as promised, and the two went on with their lives. But the only trick here is that Jobs received $5000 for the job not $700. This really broken the heart of Wozniak and he can’t believe that Jobs could have something so low.

    How He was at his Work Place

    Steve is one of the rude bosses of the century, he doesn’t care for his employees. He just need his job to be done with perfection. In his interviews he has to say that

    ‘I think Apple goes out of its way to try to enhance his reputation and safeguard the “great” Steve Jobs.

    Steve was not a nice “people person”. I meet a lot of CEOs who are, and they don’t have these kind of reputations and stories about their background.’

    His so called friend whom he backstabbed has following things to say about him.

    “He would directly confront people and almost call them idiots,” explained Wozniak. “But you know what? When they confronted him back and told him why they were right in understandable forms, he was just testing and learning, and he would respect those people and give them high privileges in the company.”

    “That was one thing he did respect – someone who believed enough in their own ideas to speak for him, not just shut up and be shy around him,” he said.

    Bill Gates

    The true example of your nerdy tech guy, but this guy bullies the people around him. The story of Gates success is on the every person’s mind and we all admire it, but he has some dark shades also in his success tale. He is the wealthiest man on the planet, Gates has a total assets assessed to be over $79 billion. He’s held the title of “world’s wealthiest individual” for 16 of the previous 21 years. Prime supporter of the world’s biggest PC programming organization, Microsoft, Gates was one of the characterizing figures of the PC transformation.

    Darker Side of Gates

    But to achieve this success he had done pretty dirty jobs also. Like, Bill Gates tried to steal all the stocks and stock options from Paul Allen as Paul was suffering from cancer and not thought that he would survive. He forced Apple to sell him Apple basic for Macintosh for $1 or he would stop making software for the machine, only to kill the project. There are many stories about Microsoft about to buy a company, does check out the company, get access to their source code and then cancel the deal only to give out almost identical apps later. Buying up competing companies just to close them down and more.

    Bill Gates has stolen many ideas of other entrepreneurs and sell them as his own. Steve Jobs stole the idea of mouse from Xerox and Bill being the smarter one stole it from him. If I can summarize him in one word then that would be con artist ,who knows what and when to steal. Paul Allen’s memoir “Idea Man” revealed many untold stories about Bill Gates:

    ”Gates loved to stay up all night working. One time, a new secretary came in on Monday morning to find him sprawled out on the floor. She thought he was unconscious, but he’d just been up all weekend and was taking a quick catnap.“

    Mark Zuckerberg

    Who doesn’t knows this young man, who made the world’s largest communication application in his Harvard’s room, Facebook. But when we see the success of Facebook it’s not all about Mark. He isn’t the soul creator of Facebook, but he was smart enough to in-cash this idea. Mark Zuckerberg stole the idea from Winklewoss brothers and published as his own. He never denies about it either, he just say that he is the smarter one to enhance this idea. That’s very unethical of him.

    What Mark has to say in his interviews about himself :

    “If you count the time I’m in the office, it’s probably no more than 50-60 hours a week,” Zuckerberg wrote in reply to a question about how many hours he works. “But if you count all the time I’m focused on our mission, that’s basically my whole life.” Instead of logging overtime at the office, the somewhat shy, lone wolf engineer said he spends most of his time thinking deeply, specifically about how to connect the world. “I take a lot of time just to read and think about things by myself.”

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    Elon Musk

    Elon is yet another successful entrepreneur who changes the definition of success. He has given us the top three companies Tesla, PayPal, SpaceX and for which we are always thankful to him. But he is power freak, he always wants to be the leader and NO was never a word for him. Elon Musk oases the power and true definition of alpha male. It is said that he told his wife on their wedding night that, “He is going to be the charge of this relationship ” which is disclosed by his wife in her book.

    He always grasp power and rules over his employees and wanted everyone in the office to follow and work as he want them to. He needs to be in power to survive. The authenticity of his darker story is not yet known. One of the rumors says that Mary Beth Brown who was a loyal assistant to Musk and had been working with him since the inception of SpaceX. She used to work very hard day and night. One day she went on to him and asked for raise in her pay or salary. Musk asked him to take some weeks off for vacation. Little did she knew as she resumed, she was fired by Elon Musk because everything was well without her. That’s a very rude move by him. He is one of the Successful Entrepreneur’s Dark Secrets in history.

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    Roy Kroc

    Roy Kroc
    Roy Kroc

    The guy who gave us McDonald’s but in reality he is the biggest thief of all times.  He stole McDonald’s from the original owners who were brothers and intentionally breached the franchising contract he signed with them. He publicly claims that McDonald’s is his restaurant and files lawsuit. The original McDonald brothers were not financial that strong to fight lawsuit against the big multinational company, so surrender their rights and sell it at discount. They had allegedly agreed to give the brothers 1% of all sales, but even then, the company screwed the brothers out of that.

    This is a huge case and you can find a movie about it called The Founder. The story had all the drama in it. McDonald duo really cared about authenticity, like adding real milk in milkshakes. Whereas Ray saw milk as an expensive commodity, swapped it out for powdered milk. This is about Roy Kroc, one of the Successful Entrepreneur’s Dark Secrets you know now.

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    These are the stories of Successful Entrepreneur’s Dark Secrets of all time and they are not as clean as they seem. There are many other big entrepreneurs present with dark secrets. No one is perfect and surely not these five are. They gave us something which we will cherish all our life. Their ideas are great, but they just select wrong approach. So tries to avoid the mistakes that they made in their life and be a honest entrepreneur.

  • Common Problems Entrepreneurs Face and The Truth About Startup Life

    Everyone knows that being an entrepreneur is not easy. But, everyone thinks of becoming one with their “One in a million” idea. Everyone thinks that “this is something no one has ever done”. Everyone has a unique business idea, but there are very, very few people who really give it a try. It doesn’t matter that they achieve success or not, at least they are trying.

    As you are reading this post, I am assuming you are serious about being an entrepreneur. So, here are some problems you will face in your entrepreneurial journey and some truth about startup life.

    Problems Faced By Entrepreneurs
    Brutal Truths About Startup Life

    Problems Faced By Entrepreneurs

    Getting First 10 Clients

    This may seem easy to start, but when you do it, you face many unpredicted things. And one of the main things is getting the first 10 clients for your company. You can’t just rely on advertisements. Advertisements may work, but unless people talk about you, it will never work. And to make people talk, you need a real customer. You need someone who uses your product or service.

    To get your first 10 clients, talk about your startup with people you know. They could be anyone, your friends, your neighbors, or your colleagues. Let everyone know what your product or service is. Do not be introverted while talking about your startup. Startups are not a shame, they are pride.

    Marketing

    Getting the first 10 clients is not enough. It is not written anywhere that once you got some customers, they will market your product. You have to put in effort to market your product. And believe me, you will have to go through each and every kind of marketing process if you don’t have tons of money lying around. You will have to bargain for pamphlet printing, bargain with vendors, tell people about your product or service on roads, and literally everything.

    Startup Marketing
    Startup Marketing

    You will feel uncomfortable, but it will totally worth it. Some people think marketing is only limited to online marketing or creating ads. But marketing is a very vast process than you think. And as an entrepreneur, you will have to map all the roads of marketing.

    Lack Of Experience

    It is much easier for a salesperson to go and acquire customers, but not for others. You will need each and every type of knowledge and experience to really stand a chance to succeed. Try doing as many jobs as possible. Or you can also go for internships. It can be any job. On-field Marketing job is the best as they will make you uncomfortable. And once you are comfortable with being uncomfortable, you are full of “you”.

    If you are going to have a tech startup, it is still advisable to gain some experience first. Gaining experience not only increase your knowledge, but it also increases your network. You cannot really tell that your old school or college friend will buy your product, but your office mate might buy it as they are more mature.

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    Finding A Business Partner

    “If you want to go fast, go alone. If you want to go far, go together.”

    This quote is totally indeed. When you have a partner, and they say “we should do this instead of your plan”, it really sucks. You might think “Man! It was my idea. I’ll do whatever I like”. But believe me, partners are important. However, you cannot go on the streets and ask someone “will you be my business partner.”

    That is why it is very tough to get a business partner. You might have a big friend circle, but not all of them are interested in entrepreneurship. You have to find someone who is as passionate as you are about your business idea. Although there are many websites which let you find your business partner but believe me, they are not worth it.

    You can’t partner with someone you don’t have any emotional relationship with. You may partner with your best friend, they even may like your idea too much. Just make sure they don’t leave you in the middle of anywhere. Many people think they are passionate about entrepreneurship, but internally, they just want money. You can’t be an entrepreneur if you always think about money. So chose your business partner wisely.

    Facing The Awkwardness

    Yes, it is true. There will be many times when you will feel awkward because of your business. It can be anywhere. Like, at a party, someone asks you about your startup which is in its initial stage and not making any profit from months, people will say “get a life man”. You have to understand that they are saying “9 to 5 sucks but we make better money than you”. It is true, but not for a very long time.

    Not everyone understands that great things take time to build. Everyone wants quick results. You may also feel awkward to pitch your product in front of rich and successful people. But you have to understand, once they were also a “nerd with funny dreams”. So, be confident, and don’t stress if you couldn’t make it.

    Brutal Truths About Startup Life

    The Depression

    This is one of the most brutal truths about startup life. You have to face so much depression. Mostly as it is a very time consuming profession which will lead you to lose time spent with friends and family. It can be very alienating at times as your top priority will be only on your startup idea. So, you will need to find proper ways to have a work life balance to ensure you don’t slip into a depression. Read, play or do anything you like and smile more.

    Getting Backstabbed

    Not once, not twice but many, many times you will be backstabbed by your own people. You literally can’t totally count on anyone. There is no guarantee that your partner will never pull his hands back from his responsibilities or even abandon the startup. Or, your friend who told you to provide raw materials on the debt will never file a complaint on you. You really can’t trust anyone.

    This is a startup, this is everything about money. Everyone who is with you in this, are there just for money. And if it will take time to show a profit in the balance sheet, everyone will get frustrated. So, they will see you as their enemy. They can do anything to create problems for you. However, there is no solution to it. You have to go through this. So, keep calm – this is just one more hurdle in your startup story.

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    You Will Fail

    Yes, you will fail! The startup is less of a science and more of an art. And an artist doesn’t make masterpieces in each and every attempt. They fail but they learn. You have to understand that if you have a very unique idea, you will succeed.

    Only 1 out of 10 startups succeed. But that one has failed 10 times. And that is why that is the “one”. And don’t think that you should not give too many efforts as you are going to fail anyway. Exceptions are there. So, do your best, don’t stress, and smile more.

    You Will Face Hate

    Try pitching your product to anyone in the crowd or cold calling anyone, they will curse you to hell. And this will be constant in the journey of your startup till you turn it into a “company”. Hate is nothing but an emotion. So always remember, if someone is hating you, they are thinking about you. Which is so beautiful in itself.

    They are giving you their time. So, don’t stress about it. Even if it’s your best friend who is hating or making fun of you because of your startup. They don’t know what effort it takes to actually working on your idea.

    “All Because Of You!”

    When anything will happen to your company, it will always be blamed on you. And the brutal truth is, you have to face it. Because you are the one who started it. Each and every partner will point their fingers to you in low sales, bad marketing, etc. Even when you are not the in-charge of that area.

    So, instead of arguing in those matters, try finding a solution. Try to back the situation up. And learn from it. If you will try to argue, everyone will be against you. You are the leader and the only string which unites the company.

    Conclusion

    There is nothing wrong in having a dream, but make sure they make you sleepless. Every big entrepreneur was once “another startup nerd”. But they made their way from the social norms.

    Do you have an unique idea? Make sure you give it a chance. And don’t wait for the “perfect moment”, just put your step forward. You can start just now, at this very moment. Later never comes. Just call the person you think can be your business partner, now. Or call the person you think needs your service. Just do something which pushes you forward to your dream. Best of Luck!