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Technology Startups. Introduction Tech startups have become a major part of our life and economy Most likely many will be working for or starting their.

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Presentation on theme: "Technology Startups. Introduction Tech startups have become a major part of our life and economy Most likely many will be working for or starting their."— Presentation transcript:

1 Technology Startups

2 Introduction Tech startups have become a major part of our life and economy Most likely many will be working for or starting their own startup. While there is an ongoing argument about weather Tech Startups create or destroy jobs many now agree that overall jobs are created indirectly by technology companies like social media experts in every marketing department and hundreds of thousands created by Apples' app store Lucrative rewards of a successful Tech startup is a major drive to innovation Anyone can have their own startup providing they have a laptop and the right people

3 The.COM Bubble We can’t talk about new tech companies without talking about the.com bubble. Because of the bad experience that the economy had with the burst of the.com Bubble, some may still have a negative view of the new technology ventures. Tech bubble occurred in the late 1990s and ended rather abruptly in early 2000. and dove the whole economy into a recession.

4 What is a Tech Startup ? The startup part It seems like a pretty straightforward question. But there is surprisingly little written to answer the question. The common definition for a startup would be :- Is an entrepreneurial venture or a new business in the form of a company, a partnership or temporary organization designed to search for a repeatable and scalable business model. These companies, generally newly created, are innovative in a process of development, validation and research for target markets.

5 The Technology Part For a Startup to be considered a Tech Startup it should be 1- Creating technology. 2- Providing Service. 3- Innovative.

6 Creating Technology Simply using Technology is not enough to be called a tech startup. Just because you use a collaboration tool like JIRA or ASANA doesn’t make you a Tech Startup. Creating a software Like JIRA or ASANA makes you one.

7 Providing a Product Product can be a service. Technology can be delivered as service. Tech companies are scalable. The increased demand for your product doesn’t require a linear increase in the number of people required to deliver the service.

8 Innovative Technology startups make unique products that people want Technology startups do something unique and innovative. You can solve the same problem but in a different or a new innovative way Solving big problems has more value then solving little problems.

9 Google VS Yahoo year 2000 how a UI change made a huge difference

10 Examples of successful Tech Startups

11 GrubHub.com GrubHub is founded in 2004 by two web developers who were looking for an alternative to paper menus.

12 What Does GrubHub Do? GrubHub is an online food ordering system that connect users to restaurants in exchange of a commission that the restaurant pay, a percentage of the value of the order. They have client facing web interface and mobile App They deliver the order to the restaurants Via Fax or email.

13 Market Value - GrubHub’s market value topped $3.4 billion - For the first quarter of 2015 Revenue rose to $85.7 million from $61.9

14 GrubHub on Dec 15

15 https://www.youtube.com/watch?v=G8VjcZeuvmo

16 How does Uber Works ? Relying on a REST API and the services of other platforms like (TWILIO), Uber connect users looking for a ride with available drivers on-demand for a commission. The technology is simple but Uber was among the first in the business to cut the middle man. Uber is servicing 67 COUNTRIES UBER was founded in march 2009, San Francisco, CA

17 Market value Uber Technologies Inc. has raised a new round of funding that could value the ride-hailing company at as high as $64.6 billion. Uber is expected to generate $10 billion of which it keeps $2 billion in the next year or two.

18 How to start a startup The Idea It doesn’t have to be a new idea but it should be innovative and provide a new way to solve a problem.

19 The people You will need people who are not just good but committed to what they do. The kind of people who can’t go to sleep with a bug in their code.

20 Money Unless you are planning to fund your venture on your own you will need investors to fund your project. Capital is always available to those with a good idea.

21 References http://blog.weatherby.net/2009/07/what-is-a-technology-startup.html https://en.wikipedia.org/wiki/Startup_company http://techcrunch.com/2012/10/14/are-startups-empty-buzz-or-a-way-to-kickstart-the-economy/ http://www.investopedia.com/terms/t/tech_bubble.asp http://labs.sogeti.com/internet-things-bubble-burst-14-years-dotcom-bubble/ http://www.businessinsider.com/hottest-tech-startups-in-america-2015-8 http://247wallst.com/retail/2014/04/04/grubhub-ipo-magic-value-now-almost-3-billion/ https://blogs.windows.com/devices/2015/03/17/enjoy-st-patricks-day-with-lumia/ http://www.wsj.com/articles/uber-in-fresh-funding-round-that-could-value-company-at-up-to-64-6-billion- 1449180409 http://www.wsj.com/articles/uber-in-fresh-funding-round-that-could-value-company-at-up-to-64-6-billion- 1449180409


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