Last week I told you that we were raising money, and that we needed to built that most iconic of startup collateral: the pitch deck. If you were expecting an article listing each slide and describing it's content this week, you'll be disappointed. No, this week we concentrate on only one slide, one that comes near the very end. That slide is the business model. The term business model means everything and nothing, but here I do mean it in the more traditional sense: the numbers from the projected company accounts that show you how the business will perform over the next three years. That means very abbreviated versions of the cashflow statement, the profit and loss statement, and the balance sheet. You can spice things up a little with a chart. I like to show four things: cash in the bank, revenue, expenses, and monthly active users. Hopefully your cash in the bank never goes below zero, your revenue line eventually rises above your expenditure line, and your monthly active users look … [Read more...] about Pitching yourself into business model forces you to face reality
Best business model
Anubhav Jain (GoDoctor): “In the early stage start-up you need to have a prototype and the business model validated”
Startup PATH is an event dedicated to growth, to learning and to connecting the dots while having unique experiences. It brings together all actors of the startup scene, from universities, accelerators, to investors and thought leaders that would help entrepreneurs on their path to growth. Here are the main statements from Day 1. US Ambassador Hans Klemm: “What’s you’re doing is to support entrepreneurship and develop the ecosystem that supports start-ups (…) and show the value of entrepreneurship which is the success of the US and the economy,” he explained. Incubators, universities, advisors, networks, and funding organizations are part of the ecosystem, he explained. “In the US, in places like Silicon Valley, Boston, New York and there are other places that became successful because they helped entrepreneurs,” he explained. Improving Romania’s start-ups. He said that transfer of technology, the culture of taking risks and … [Read more...] about Anubhav Jain (GoDoctor): “In the early stage start-up you need to have a prototype and the business model validated”
Duster, Logan and Sandero among top 25 best-selling models in Russia in August
Dacia’s Duster, Logan and Sandero were among the top 25 best-selling models in Russia in August, according to data released by the Association of European Businesses (AEB), while car and light commercial car deliveries climbed with 11 percent to 147,388 units, Automotive News Europe and Reuters report. Last month, the best-selling car was Lada Vesta from AvtoVAZ (8,510 vehicles) followed by Rio, Kia (7,812 units), Lada Granta from AvtoVAZ (6,979 units), Crete from Hyundai (5,274 vehicles) and Polo, from Volkswagen (5,169 vehicles). On 9th, 15th and 16th place are Duster (3,537 units), Sandero (2,562 vehicles) and Logan (2,518 units). Duster, Logan and Sandero are manufactured by Renault on the Russian market. “The pace of market recovery has been robust since the beginning of the year, reaching an annual growth rate of 18 percent by the end of July, and this booming trend continued in August amid ruble depreciation. The advance will continue in the coming months,” … [Read more...] about Duster, Logan and Sandero among top 25 best-selling models in Russia in August
Platform business models as a good use case for blockchain
Using valuable start-up experience, Adam Dorfman will launch ‘If, When, Then,’ a platform designed to be an open platform for job seekers to acquire future skills in a community environment and create new employment outcomes in high valued sectors. A speaker on BR’s Focus on Blockchain, he makes the case for platform business models as one of the best use cases for blockchain. Started with USD 50,000, coming from own funds and angel investments, ‘If, When, Then’ will see its beta version hit the market within three months. Already counting on 80 partners, the start-up is seeking additional funding from a future ICO marketing campaign. In developing ‘If, When, Then’, Dorfman used his experience with growing a startup that helped Amazon sellers increase their reputation with a lot of success. “I got to see how the startup grew and how different decisions were impacting Amazon’s ranking system. So I became motivated to learn everything … [Read more...] about Platform business models as a good use case for blockchain
Romanian companies expect digitalization to increase their revenues, but many are still not ready to adopt a digital business model
With only 42 percent of companies having a website, 33 percent of employees using computers and 7 percent of companies selling their products online, Romania is on the last place in the EU for digitalization rates. Is there a direct link between companies’ digitalization level and the revenues they generate? A study by consulting company Valoria – the Digitalization Barometer for Romanian companies – analyzed the impact of digitalization on the revenues of Romanian companies. Of all the responding companies, those with revenues between EUR 50-100 million were the most influenced by digitalization (59 percent), followed by those with revenues of over EUR 100 million (50 percent) and start-ups with revenues of under EUR 1 million (48 percent). When it comes to the knowledge needed for implementing digitalization, 61 percent of the companies with revenues between EUR 10 and 50 million say that they are very ready, followed by 56 percent of the companies with revenues of … [Read more...] about Romanian companies expect digitalization to increase their revenues, but many are still not ready to adopt a digital business model