I feel terrible, but some say it might be a good news. Really?

Our team went through all the way to the final round of an accelerator's selection process. We were super excited. Chance to win the final round was 50%. We made the final pitch in front of the selection committee. Then we got rejected.

Startups are used to such a thing, so I felt okay….. until we were told that one of the committee member's company was planning to launch a similar service in a few months.

Some say it's a good news, as this means our idea is not bad, as we have a patent granted, and so on. But money is running out, marketing is hard, teammates need to find proper jobs, and male type baldness is…

What would you suggest me to do now?

P.S. I know hair care tips enough.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

6 warning signs that your startup might fail soon

Startups fail for many reasons, such as having a non-commited team of founders, or poor market demand. The question is, would you be able to recognize the signs that your startup is on rocks, before it’s too late? Having experienced both sides of the founder/investor equation, I have noticed 6 typical warning signs that alone,…

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The post 6 warning signs that your startup might fail soon first appeared on EU-Startups.

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4 experts predict what 2021 might hold for the startup ecosystem of Amsterdam

amsterdam startups in 2021

In the startup-world, we love to talk about disruption and never has there been more disruption than in the year 2020. Needless to say, not all of it came from startups and not all of it was the good kind. So what about the next year? What does the year hold for the ecosystem, as predicted by the experts?

The Amsterdam startup-scene in 2021

Four people with deep knowledge and insights in the Amsterdam startup-ecosystem tell us about what they expect to happen in the coming year: Jan Andriessen, a partner at Amsterdam-based VC-fund HenQ; Bas Beekman, program director of StartupAmsterdam; Myrthe Hooijman, Director of Policy and Governmental Affairs at Techleap.nl and Kauan Von Novack, the Managing Director at Startupbootcamp.

Growth sectors in the Amsterdam startup-scene

I believe clean energy is going to be huge in the coming months”, says Startupbootcamp’s Von Novack. “The tide is turning politically and funding-wise, there’s mature technologies and experienced players by now, not to mention real impact in people’s lives.” He also predicts a strong recovery in ridesharing and massive growth in startups working on electric mobility solutions. “Last, but not least: I think there is a lot of space for micro-financing, micro-credit and any-time of fintech initiatives to support SMB’s and SME’s to recover from the COVID crisis.”

Fintech is also where Techleap’s Hooijman sees a lot of potential. And that means jobs, she says: “eCommerce, FinTech, and Food have already shown resilient growth during the first months of the Corona crisis. Overall, startups continue to be the number one job growth engine in the Netherlands. Startup jobs are growing faster than any individual sector. Even in 2020, there was a resilient growth despite Covid-19. “

StartupAmsterdam’s Beekman sees similar sectors grow rapidly in the coming year: “It will not be an easy year from an economic point of view, that’s for sure, but Amsterdam has a very diverse economy. If you zoom in on the tech sector, I think that companies in Healthtech, Biotech, Cleantech (climate economy), food, mobility and logistics have a chance to show growth in 2021.”

‘It’s usually a surprise’

For HenQs Andriessen, growth is not limited to a sector. It’s about the people: “One clear factor in Amsterdam is the maturity of several high growth companies such as Adyen and Thuisbezorgd, Backbase and Mollie. So I would look for people who played a role in building these companies and ran into problems or challenges that they think they can solve better when running their own company. Which sector that will be? That’s usually quite a surprise.” 

For instance, Andriessen explains that smart employees in a disruptive B2C food company can run into problems with invoicing, which leads to a brand new B2B fintech. “But these people have been exposed to the right way of building a company and they are aware of what is state of the art in the tech industry. This combination has created many successful companies before.”

The year of a new cloud-generation

With those growing areas of the ecosystem in mind, how will Amsterdam’s ecosystem evolve in 2021? 

Andriessen believes, “that the cloud market is maturing. Most enterprises have made the switch from on-premise to cloud software. However, a lot of ‘first generation’ cloud software is high on functionality but was never really built for your employees who are the actual target user. We love companies that address this opportunity and are part of the second generation of cloud providers that do not just provide functionality on paper, but know how to build a great product that will be used.”

Hooijman is looking at the broader picture when it comes to startup trends in Amsterdam: “Startups and tech trends don’t limit themselves to a city. When we talk about technology that will change the future and impact the economy, we are talking about deep-tech, where technologies like AI, blockchain, and data science meet physical components, such as robotics and sensors, to provide solutions for the major problems we face. Whether that be climate change, healthcare or mobility, and transport. One of the biggest challenges is how to attract and retain the right talent, and organise a quantitative and qualitative talent pool that matches the needs of scaleups. 

Digitisation and the return of tourism

Beekman focuses on the digitisation of businesses, to make sure they are future-proof: “Not so much a new trend, but very important in times like these: in recent months we have been working on setting up a major program to help SMEs with the necessary digitization they have to make, the so-called MKB Digitaliseringsoffensief (SME Digitization Offensive), which will start at the beginning of 2021. We are looking for startups that can help with that important task, whether it concerns remote working, or digital security, payment methods, use of AI and so on.”

At Startupbootcamp, Von Novack is pretty clear about what he considers the most important trend: “Sustainability, for sure. Building back but in a better way is key. I think governments, corporations, investors, SMEs, everybody will be very critical of consumption choices.” He also predicts another trend, that many Amsterdammers will probably not like. Tourism will come back, big time. “All that locked up energy will come in full force during summer or winter breaks. Startups building value props now for the Tourism 2.0, can reap the benefits.”

Diversity and inclusiveness in 2021: serious business

Part of the growing consciousness in the businessworld is an increased focus on diversity and inclusiveness. StartupAmsterdam is launching RISE Female Hub to take action, says Beekman: “The aim of this action program, which will start at the beginning of this year, is to stimulate more attention for female entrepreneurship and women in tech, in the city and ultimately to get more diversity, including more women with an ethnic background, into the start-ups.”

Von Novack says there is no other way, “And not only from the social angle of diversity and inclusion, but from the top-line angle as well. If Amsterdam companies want to grow exponentially in other markets and countries, they must include different points of view and cultures into their decision making, otherwise they run the risk of making cultural and market assumptions which are very dangerous.”

Read also: With female founders receiving hardly any funding, Amsterdam’s push for diversity continues

For Techleap, diversity and inclusion is a key focus area, partly proven by their work with Fundright, says Hooijman: “The technology sector is predominantly male, and that causes limitations in the innovative ability of the ecosystem. Research shows that a more diverse ecosystem is a more productive ecosystem, so we must work to promote balance, diversity, and inclusivity. As the capital of the Netherlands, Amsterdam can take a lead on some of the best practices.”

Andriessen would like to see these topics go beyond mere talk: “Rather than making this a mission statement item and sticking to words only, I hope diversity and inclusiveness will be put into action and be part of hiring and performance management of all VC’s and startups.”

Connection within the city and beyond

Besides making new years’ resolutions, the beginning of a new year is also a good moment to make a wish. What Hooijman would like to see change in Amsterdam is a more connected ecosystem in 2021: “It is essential to flourish. As Amsterdam is the capital of the Netherlands, ànd a best practice example on building a vibrant startup ecosystem, it would be great if Amsterdam reaches out even more to other regions in the Netherlands and they act as one ecosystem together.”

Von Novack hopes for something similar too: “A broader and more united network of founders and support organizations. For a city of its size, Amsterdam is quite fragmented so you encounter founders in the same sub-industry that have never even heard of each other. Some level of coordination would help the players be more connected and competitive in the global market.”

Remember in-person meetings?

Meanwhile, Beekman hopes the city and its people come out of the crisis all right: “The current crisis will cause more and more people to lose their jobs in sectors that will be hit hard. I think that after retraining and upskilling, many of these people can work for the fast-growing tech companies in the city. We are busy setting up a talent ecosystem guide that will connect tech companies, knowledge institutions and start-up academies and make it easier for people without a job to get started in the start-up ecosystem.

Finally, Andriessen articulates what everyone in the pandemic-weary world is currently craving for: “Even though we do just as many deals remotely as in person, I miss the face-to-face meetings with portfolio and prospect investments. I hope we can meet again in person!”

Startups – Silicon Canals

Hopin might be the fastest growth story of this era

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. Happy 2021, or as our own Danny Crichton aptly names it, December 38, 2020.

Equity crew is back to start the new year in full force, with Alex, Natasha and Danny on the mics and Chris behind the scenes. The reunion led to extreme Dad joke energy from all of us, which helped get through the mountain of tech news that we had in front of us.

In fact, there was so much to talk about that we have a bonus episode coming out Saturday dealing with Roblox and the gaming environment. Stay tuned.

For now, here’s what’s in today’s episode:

As you can tell by our laughs and jokes this week, it is really good to be back. Enjoy the show, and don’t forget the Saturday extra!

Equity drops every Monday at 7:00 a.m. PST and Thursday afternoon as fast as we can get it out, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts.

Startups – TechCrunch

what are internships position that might be suitable for me?

Hey all!

So I'm a nurse currently in law school (1L)! (Don't ask why haha) I want to learn how products are developed in the tech industry and get into tech law. Fintech sounds super interesting to me at the moment.

So basically I need to do a summer internship in 2021. This 1st summer internship isn't very important cuz it won't lead to future employment. I don't really want to do that in a law firm or work at the court. I actually really want to take that summer to do an internship at tech/startups. I like tech people cuz they are super fun. That's the culture where I want to work in. I also hope to learn a bit about programming during that summer too. Not sure what positions I should be applying to! So far I've only heard about a product development intern (I learned the name of the position after going through a bunch of LinkedIn profiles)

Can someone like recommend me cool (1) job position names and (2) sites to look for jobs??

Thank you fab Sapiens!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

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