Implementing a rigorous recruitment strategy is critical in making sure you are recruiting the right people for your Startup, as there is more to the recruitment process than just filling a role. A recruitment strategy is a plan of action that an employer has in place, for hiring and filling a vacant role. Taking time to carefully plan a recruitment strategy, that can be tweaked as needed along the way, will create a solid foundation in which to commence the recruitment process.
When customers are chasing you in eagerness and or you cannot keep up with demand, then you have achieved what is referred to as Product-Market fit.
Product-market fit is often seen as nirvana! And it has eluded many a failed startup, as they burn through cash, trying desperately to achieve this pinnacle.
In the majority of cases the overnight startup success stories that you might read or watch online, did not happen overnight! The success is a result of hard work, dedication, time, effort and energy of a dedicated team of individuals, who have probably spent many years getting the Startup to its current position.
To reach the point of mass attention, the startup will have gone through at least five capital raise rounds, possibly a debt round, signed deals with a significant partner/s, expanded the product offering, hired, moved office locations, fired some employees and consultants, made product pivots and amendments to board members and advisors. Essentially, the startups has been around for a few years, not a few hours.
Artificial Intelligence (AI) is a field that has a long history but is still constantly and actively growing and changing. The general definition of AI is machine learning where a computer system is fed large amounts of data, which it then uses to learn how to carry out a specific task, such as understanding speech or captioning a photograph.
AI systems will typically demonstrate at least some of the following behaviours associated with Human Intelligence: planning, learning, reasoning, problem solving, knowledge, representation, perception, motion and manipulation.
Accounts on sites owned by the likes of Google, Facebook, twitter and YouTube have been used to promote violent attacks and recruit people to terrorist activities around the world. But are they responsible for shutting down these types of sites on their platform?
Graphic images, threats of violence and racial content have been found online for days or even weeks, before these technology giants have removed the content.
Facebook, Twitter and Google have come under fire for their roles in spreading misinformation and fake news. Collectively they have removed $20 billion in revenue from the media industry including traditional media publishers and broadcasters. As a result, many of us struggle to find information which is legitimate and real in a world of “fake” news.
Building a business is no easy task. If it was, everyone would do it!
The term “pivot” has been a buzz word in the startup space for many years, with the perception ranging from mild to extraordinary. There a reasons why a startup may choose to pivot and as an investor, it should be expected within the portfolio. But what are the benefits of a pivot? And why is it necessary for a Startup to pivot? In this article we will explore some of the reasons and benefits of a Startup pivot:
Now, if picking a unicorn startup was easy, then everyone would do it! :-)
But there are certain criteria and characteristics that you can look for within a Startup, which can assist you in picking a good startup, that may (one day?!) turn into the elusive unicorn.
A potential Unicorn from an investors perspective:
Investing by following a lead investor, with a track record for successfully investing in Startups, is a great way to learn about the asset class and achieve a return.
In a recent article published by me in the AFR - Why you shouldn’t be an angel investor in startups, Australian early stage angel investors often treat startup investing like horse racing. They punt with money they are willing to lose and approach the investment with a lack of discipline which leads to very poor returns.