Startup

The Startup Scenario In New York City

For decades, New York City was considered as the financial hub of the country. While startups were more common in Boston and Silicon Valley, the times are now changing. The scenario for startups is changing rapidly in NYC, where activity has successfully surpassed that in Boston in the current year. The city is growing out of its financial-capital status, fast becoming a hub for some major technology startups in recent years, such as Foursquare and Etsy.

According to a study conducted by Startup Genome, a research company based in San Francisco, New York ranked as the fourth city with the most startup activities in the world this year, followed by Boston, which was considered to be the primary hub of entrepreneurs in the East Coast. While NYC cannot compete with the Silicon Valley when it comes to tech startups, the growth rate is still quite staggering.

My First Experience At NYTech Meetup

-A wonderful opportunity to hear about new ideas, technologies and make connections.

I went for my first ever NY Tech Meetup (NYTM) on Tuesday, October 9th 2012 at the NYU Skirball Center for the Performing Arts after my business partner at iFunding recommended that we attend it. The Meetup is a great platform for new and upcoming technology companies that get 3-5 minutes to win the hearts and minds of a wide audience, while simultaneously gaining exposure to a huge crowd. It is an excellent opportunity to meet people from different backgrounds and see what others are doing in the extremely vibrant NYC tech scene.

Where To Look For A Startup Inspiration? – Everywhere!

“Things that annoy me end up fuelling my ideas.”-Josh James- Co-Founder, Omniture

While buying my Acer Iconia tablet, the most exciting aspect to me was getting to download various educational and productive apps on a portable device. I was able to carry work and entertainment with me, everywhere I went. There were fewer paperbacks cluttering my house. However, when I started searching for investment banking apps or even simple valuation apps, there was not a single app that met my needs. I was disappointed at first, but then a moment of genius struck me and I started sketching an outline for my ideal app. After some initial planning, backed by thorough research and a lot of motivation from my brother, who works at an investment bank, I decided to build Valuation App.

Venture Capital

Venture capital supports entrepreneurial talent and appetite by turning ideas and basic science into successful products and services. Venture capital is an important source of funding for start-ups, since they have a limited operating history, and hence don’t have access to the capital markets. It helps reduce the time required to bring a product to market.

Over the years, venture capital has gained widespread recognition in the United States, especially in rapidly expanding industries like software, telecommunications, semiconductors, medical devices, biotechnology and life sciences. Some of the most innovative and successful companies such as Amgen, Apple Computers, Cisco Systems, Compaq, eBay, Federal Express, Genentech, Genzyme, Gilead Sciences, Intel, Microsoft, Netscape, Sun Microsystems, Staples and Yahoo received venture financing.

Indian Educational Institutes And Social Mindset: The Root Of The Problem

I have been born and raised in Mumbai, India. In this article I will share my observation of how the Indian educational institutes and society can prove to be a major hurdle between a wannabe entrepreneur and his/her entrepreneurial dreams.

As far as technical expertise is concerned, India is producing some of the best professionals in the world. However, the culture in many of the universities and colleges is aimed at producing better employees instead of better engineers/businessmen. The students and teachers focus too much on better grades and higher scores. As a result, creativity and innovation are discouraged and the learning process becomes very rigid and mechanical.

A Primer On Crowdfunding

Crowdfunding can be defined as raising funds from the general public usually through internet platforms in order to support a project started by an individual or an organization. Social media websites play a primary role in this regard, as individuals or organizations looking for funds use these websites to reach out to the general public. Instead of asking a small number of sophisticated investors for large amounts, crowdfunding allows an individual or organization to reach out to a large number of people for smaller amounts of money. Incentives such as profit sharing, free products and samples can also be associated with crowdfunding activity. Upcoming platforms such as iFunding give investors access to real estate investing via crowdfunding. This way, crowdfunding might change the way we invest in Real Estate.

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