Share Your Startup – March 2021 – Upvote This For Maximum Visibility!

r/startups wants to hear what you're working on!

Tell us about your startup in a comment within this submission. Follow this template:

  • Startup Name / URL
  • Location of Your Headquarters
  • Elevator Pitch/Explainer Video
  • More details:
    • What life cycle stage is your startup at? 1
    • Your role?
  • What goals are you trying to reach this month?
    • How could r/startups help?
    • Do NOT solicit funds publicly–this may be illegal for you to do so
  • Discount for r/startup subscribers?
    • Share how our community can get a discount

———-

Join our discord for instant chat, advice, and emotional support!

———-

1 Startup Life Cycle Stages (Max Marmer life cycle model for startups as used by Startup Genome and Kauffman Foundation)

  • 1. Discovery
    • Researching the market, the competitors, and the potential users
    • Designing the first iteration of the user experience
    • Working towards problem/solution fit (Market Validation)
    • Building MVP
  • 2. Validation
    • Achieved problem/solution fit (Market Validation)
    • MVP launched
    • Conducting Product Validation
    • Revising/refining user experience based on results of Product Validation tests
    • Refining Product through new Versions (Ver.1+)
    • Working towards product/market fit
  • 3. Efficiency
    • Achieved product/market fit
    • Preparing to begin scaling process
    • Optimizing the user experience to handle aggressive user growth at scale
    • Optimizing the performance of the product to handle aggressive user growth at scale
    • Optimizing the operational workflows and systems in preparation of scaling
    • Conducting validation tests of scaling strategies
  • 4. Scaling
    • Achieved validation of scaling strategies
    • Achieved an acceptable level of optimization of the operational systems
    • Actively pushing forward with aggressive growth
    • Conducting validation tests to achieve a repeatable sales process at scale
  • 5. Profit Maximization
    • Successfully scaled the business and can now be considered an established company
    • Expanding production and operations in order to increase revenue
    • Optimizing systems to maximize profits
  • 6. Renewal
    • Has achieved near peak profits
    • Has achieved near peak optimization of systems
    • Actively seeking to reinvent the company and core products to stay innovative
    • Actively seeking to acquire other companies and technologies to expand market share and relevancy
    • Actively exploring horizontal and vertical expansion to increase prevent the decline of the company

If you are running a traditional business that is not designed to scale rapidly, feel free to reference a traditional business life cycle model and share what traditional business life cycle stage you are at.

submitted by /u/AutoModerator
[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

Weekly VC Overview: All 65 European startup funding rounds we tracked this week (Feb. 22-26, 2021)

This article is visible for CLUB members only. If you are already a member, but you don’t see the content of this article, please login here. If you’re not a CLUB member yet, but you’d like to read members-only content like this one, have unrestricted access to the site and benefit from many additional perks, you can sign up…

This content is for members only. Visit the site and log in/register to read.

The post Weekly VC Overview: All 65 European startup funding rounds we tracked this week (Feb. 22-26, 2021) first appeared on EU-Startups.

EU-Startups

It’s my 1st birthday on Reddit. Love to be part of this community.

1 year ago i decided to join subreddits to talk about my experience in the business world. It really brought me so much value.

So let me know down in the comments, What's the biggest value or something that your learned and really stuck with you from a reddit post/article?

submitted by /u/chrismatters
[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

How do I know if this start up is legit?

Hi! Hoping i’m just a paranoid person but I am job hunting and have been offered a position by a SaaS company and there is relatively little information available about it. I’ve always been told to vet a company, look online, look for reviews, but I know it must be different with a start up. Is there any way to know if the start up I will soon be working for is legit?

edit: They have a website/linkedin, social media pages, but there just isn’t any information on it online which makes me nervous. obviously I’m taking into consideration that they are literally just Starting Up so I need to look at it differently.

submitted by /u/memoryquestions
[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

10 cool tech events you shouldn’t miss out on this March

This article is visible for CLUB members only. If you are already a member, but you don’t see the content of this article, please login here. If you’re not a CLUB member yet, but you’d like to read members-only content like this one, have unrestricted access to the site and benefit from many additional perks, you can sign up…

This content is for members only. Visit the site and log in/register to read.

The post 10 cool tech events you shouldn’t miss out on this March first appeared on EU-Startups.

EU-Startups

Nigeria isn’t big on 3D printing. Teaching students how to use it could change this – The Conversation Africa

Nigeria isn’t big on 3D printing. Teaching students how to use it could change this  The Conversation Africa
“nigeria startups when:7d” – Google News

Spain’s Wallapop raises €157M at a valuation of €690M: here’s what you need to know about this virtual marketplace

Wallapop

Barcelona-based Wallapop, a hyper-local virtual marketplace for buying and selling secondhand goods, has raised €157M in its Series G round of funding. With this financing, the company now valued at €690M.

Investors in this round

The round was led by Korelya Capital, a late-stage investment fund based in Paris, with the backing of Naver, the leading Internet company in Korea.

In addition, the round also saw participation from investors including Accel, Insight Venture Partners, 14W, GP Bullhound, and Northzone.

About Wallapop

The company was founded in 2013 by Agustin Gomez, Gerard Olive, and Miguel Vicente. Wallapop is a hyper-local virtual marketplace for buying and selling secondhand goods.

By connecting buyers and sellers, Wallapop wants to encourage more responsible consumption because it can extend the life of the products as well as avoid their overproduction. The platform is present in all categories of consumer goods and, in addition, claims to have set a benchmark in more specific categories such as the motor industry.

According to the company, its geolocation technology connects a community of 15 million users in Spain, enabling them to buy and sell objects that they no longer use. On the platform, with more than 180 million items, users can find items at more affordable prices, while extending their functional life.

New service launched during the pandemic

In 2020, Wallapop launched a home collection service called Envios, by collaborating with a logistics company SEUR, due to the COVID-19 lockdown restriction. This allowed users to sell their second-hand products without leaving home. 

And with this service, despite having to pause its operations during the COVID-19 lockdown, the platform experienced a 50 per cent increase in its activity. The company witnessed revenue growth of more than 50 per cent in 2020. 

Furthermore, in 2020, the company saw a 240 per cent increase in revenue from Wallapop Shipping on Black Friday and received a total of 17 million visitors during the month of November.

Use of the raised capital

This investment round will allow Wallapop to continue expanding its presence in the Spanish market. The company’s plan for 2021 is to improve its user experience (making it easier than ever to buy and sell second-hand items), evolve in its e-commerce experience through Wallapop Envíos, and continue designing products and services for small businesses and entrepreneurs on its platform.

Wallapop collaborates with NAVER

The company is also collaborating with NAVER – Korea’s leading Internet company. With this partnership, the Spanish company aims to boost its innovation capacity using NAVER’s technology. 

This development for Wallapop comes at a time when the Korean tech giant is showing its interest in the European startup ecosystem.

Startups – Silicon Canals

First time investing in a startup, this is during the F&F stage. My initial investment is worth ~3% and 1 board seat. What should i look out for when signing or how should i negotiate terms to make sure i dont get diluted into oblivion in other stages or make my board seat irrelevant in the future?

I know, dilution is expected and needed, but im trying to see what to look out for so that im not diluted disproportionately from other board members, and that my shares would still be worth something in the long term. I'd be going into a board that currently has around 4 members, and i still want to be involved a good amount in the business once VCs get involved.

submitted by /u/Caoa14396
[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

This all-female founded startup bridges gender divide in coding with its wearable device; raises €250K

coding

Sweden-based imagiLabs is an all-female founded startup that makes coding more accessible to young girls. The company has, today, announced that it has raised €250K in pre-seed funding. 

Pre-seed to proceed with its mission

According to imagiLabs, various angel investors participated in this round including Eros Resmini, Founder & Managing Partner at The Mini Fund and the former CMO of messaging platform Discord; David Baszucki, CEO of gaming giant Roblox; members of Atomico’s Angel Program; and Propel Capital, the investment arm of Stockholm’s leading tech incubator Sting.

It also claims that several high profile proponents of gender equality in technology participated in the round. This capital will be used to maintain the company’s international growth and to continue to foster an engaged community of young girl coders, who use the imagiLabs apps to learn from each other, share coding tips and designs, and build relationships.

“This funding will help us on our mission to get as many young girls into coding as possible. Ultimately, we want to inspire people to learn to love coding and to foster that kind of passion from an early age. Only by supporting young girls while at school can we build gender parity in tech for future generations. The support of these fantastic investors will help drive this,” says Dora Palfi, imagiLabs CEO and co-founder. 

Other investors participating include Aurore Lanchart (Fellow ODF7 at On Deck); Akim Arhipov (CEO BASIS ID); Julia Delin (CEO at SSE Business Lab); Katja Toropainen (Founder of Inklusiv) and Karina Univer (Head of Partner Relations at LIFT99), both of whom invested via Atomico’s Angel Program. Propel Capital, the investment arm of Stockholm’s leading tech incubator Sting, followed-on from its earlier investment.

About imagiLabs

imagiLabs was founded in 2017 by Palfi and Beatrice Ionascu, following a user-centred research project conducted during Dora’s MSc studies in 2016. Notably, this is the duo’s second venture, after weSTEM (women empowered in STEM) – a student club they founded in university, at NYU Abu Dhabi. 

Paula Dozsa, who is the co-founder and Lead Developer at imagiLabs, was the first member to join weSTEM at NYUAD. She was also one of the first ones to join imagiLabs.

imagiLabs is an ed-tech startup that claims to be building the world’s only mobile-first community for teenage girls interested in tech. It was the first Swedish company to be accepted into Apple’s Entrepreneur Camp (spring 2019 cohort) and was also selected for Google for Startups (Female Founders Fall 2019 cohort). 

imagiCharm

The company is trying to bridge the gender divide in coding with its wearable device, the imagiCharm. The device has an 8×8 matrix of LEDs, and can be visually customised to display tens of thousands of different designs, such as flowers, rising suns, animals etc., based upon the Python code written by a user into the accompanying imagiLabs iOS or Android apps. 

Video Credits: imagiLabs

Since the company’s app launch nine months ago, over 10,000 coding projects have been created on the platform. Also, the startup’s sales increased by 300 per cent between Q3 and Q4 of 2020.

imagiLabs has received funding and support from Stockholm’s Royal Institute of Technology and tech incubator Sting. Key clients include the Swedish telecoms giant Ericsson and Tekla Festival, an event set up by pop musician Robyn designed to involve more teenage girls in STEM (science, technology, engineering and mathematics).

Startups – Silicon Canals