How To
How To Onboard The Right Investor For Your Startup
Most startups begin with the founders investing a startup capital to get their business up and running. As a startup slowly refines its business model in order to complement their sales model and start generating revenue, the founders would then be focused on expanding and growing the startup. It is at this point having an investor on board would be a huge help for the health of the startup. An investor would provide the much needed capital to expand a startup and scale up the business model, in order to amplify demand and increase supply to match it. But finding an investor is not always an easy task but, there are some simple steps which can be used to maximise probability of finding the right investor.
Have A Product or Demo Ready
Investors need to know where they are investing their money and therefore they will always request a demonstration (demo) of the product before investing. Therefore, it is important to have a working demo along with the sales pitch in order for the investor to make a calculated decision.
Research on investor portfolio
It is important to research prospective investors as in what kind of portfolios they have invested their money. Learning about an investor portfolio gives an insight into the health of an investment company. If an investor has experience with handling similar startups to yours in the past, they would be able to provide guidance and mentorship. However, the most important reason for research is to see if the investors have a similar kind of startup in their portfolio, which would mean the investor would be reluctant to invest because the startup in question would be a direct competitor to your startup.
Finding a mentor and a core team
A mentor in this case is someone who has prior experience navigating the choppy waters of the startup industry. FInding a mentor will be invaluable in the long run as a mentor brings their experience to the forefront and would be able to guide the founders by nudging them in the right direction. A good mentor will also be able to attract investors through their network as well. A core team should consist of skills not just from the technical side but also from the business and revenue perspective. A good example here would be Larry Ellison, the founder of Oracle and Marc Benioff, founder of Salesforce. Ellison mentored Benioff during the initial days of Salesforce by providing valuable technical and business inputs and even investing in Salesforce, which paid off in multiples later on in the future. Benioff founded Salesforce while he was still working at Oracle and Larry Ellison was supportive of the endeavour so much that he let Benioff split work so that he can work on Salesforce in the mornings and at Oracle in the afternoons.
Proven Business Model
Investors are more likely to invest in a startup which would be able to show a proven business model complemented with numbers. The business model need not be elaborate and can instead focus on a small demographic which would provide a lot of valuable data useful for scalability like revenue forecasting, sales and marketing demographics, overheads, burnout rates, processes which can be automated and troubleshooting, but more importantly it offers investors a glimpse into the revenue model.
Prepare for due diligence and have documentation ready
Startups need to be ready for a due diligence check by an investor and therefore ensure they have all the documentation ready and up to date. There would be due diligence checks on various fronts. If a startup is building a software, investors will be running various scripts to check compliance and software licensing requirements. Important documentation includes product roadmap (from demo to live,) timelines, cash burnout rate and financial projections for the future among others.
A startup should have a clear goal and define specific outcomes with their investors in order to achieve the maximum output from the partnership. Onboarding investors is the first major hurdle any startup should clear and then focus on scaling up, in order to increase a startup valuation which in turn will attract more investors. Following these steps will help finetune the search to identify a potential investor which would go a long way in scaling up a startup.
WhatsApp has rolled out a new “Member Tags” feature designed to make group management simpler and more organized. The update allows users to add short text labels next to their names in group chats such as Admin, Manager, Designer, or Coordinator helping others instantly identify roles and responsibilities. This feature is especially useful for large communities, workplaces, and project-based groups where multiple participants collaborate regularly.
With WhatsApp Member Tags, group members can customize labels that appear beside their names and within the participants list, providing better clarity during group conversations. The introduction of tags aims to cut down confusion in busy chats, making it easier to know who handles what. The feature is already rolling out for iOS users and is expected to reach Android devices soon as part of WhatsApp’s gradual global rollout. Users can add tags by simply going to the group info section, tapping their own name, and selecting “Add Member Tag.”
This update also benefits brands, creators, and businesses that rely on WhatsApp for communication and engagement. From marking support staff with titles like “Customer Support” or “Sales” to identifying moderators and event organizers in community groups, the feature brings a layer of professionalism to WhatsApp’s familiar interface. By enhancing group communication dynamics, the Member Tags feature strengthens WhatsApp’s position as one of the most efficient and business-friendly messaging platforms available today.
Google has introduced a new AI-powered feature for its Files by Google app, allowing users to easily interact with PDF documents. The “Ask about this PDF” feature, powered by Gemini, enables users to ask questions about the document’s content directly within the app.
How it Works
Access
The feature is available in the updated Files by Google app (version 16.0.5 and above). Users can download the latest version from the Google Play Store to access this functionality.
Functionality
Users can simply tap the “Ask about this PDF” button while viewing a document. This prompts the app to allow users to ask questions regarding the PDF content, such as:
- Summaries of sections
- Clarifications on specific paragraphs
- Details about tables and charts
AI Interaction
The app leverages the power of Gemini AI to provide accurate and informative answers based on the content of the PDF. This interaction enhances user engagement by making it easier to extract relevant information without manually scrolling through lengthy documents.
User-Friendly Experience
AI-generated responses are displayed as an overlay, enabling users to view both the original PDF and the AI-generated answers simultaneously. This feature streamlines the process of obtaining information from PDFs, making it particularly useful for students and professionals who frequently work with such documents.
Availability
Gemini Advanced Required
The “Ask about this PDF” feature is currently exclusive to users of Gemini Advanced, a subscription service that provides enhanced capabilities of Google’s AI tools.
Limited to Files by Google
At present, this feature is available only within the Files by Google app. However, there are expectations that similar functionalities may be integrated into other Google applications in the future, such as Google Drive.
Future Outlook
This new feature demonstrates Google’s commitment to integrating AI seamlessly into its products and services. By enhancing the user experience with innovative tools like “Ask about this PDF,” Google aims to improve productivity and accessibility for its users.
Expansion Plans
Given the positive reception of this feature, it is likely that Google will explore expanding Gemini’s capabilities across other platforms and applications, potentially offering similar functionalities for various document types and formats.
Conclusion
Google’s introduction of the “Ask about this PDF” feature in its Files by Google app marks a significant advancement in how users interact with digital documents. By leveraging Gemini AI, Google is not only enhancing productivity but also making information retrieval more efficient and user-friendly. As AI continues to evolve, features like these are expected to play a crucial role in transforming digital workflows across various sectors.
WhatsApp is revolutionizing how users handle voice messages with the introduction of its new Voice Note Transcription feature. Designed to cater to diverse user needs, this update ensures that you never miss out on voice messages, even in situations where listening isn’t an option—be it a noisy environment, an important meeting, or simply when audio isn’t convenient.
What Is Voice Note Transcription?
The Voice Note Transcription feature converts voice messages into text, allowing users to read the content instead of listening. This thoughtful solution addresses scenarios where audio playback may not be practical. With this addition, WhatsApp enhances communication efficiency, helping users stay connected regardless of their circumstances.
How Does It Work?
Using the transcription feature is straightforward:
- Enable the Feature: Navigate to Settings > Chats > Voice Message Transcripts to enable or disable the feature and select your preferred transcription language.
- Transcribing a Voice Note: Once activated, long-press the voice message you’ve received and tap ‘Transcribe’. The app will instantly generate a text version of the audio message for you to read at your convenience.
This process is handled entirely on your device, ensuring that the voice messages remain private. Neither WhatsApp nor external servers have access to the content, maintaining the platform’s commitment to privacy.
Privacy and Security
In line with WhatsApp’s dedication to user security, the transcription process is executed locally on the device. This ensures that your voice messages are never sent to external servers, and even WhatsApp itself cannot access them. By integrating this feature while preserving its robust end-to-end encryption, WhatsApp continues to prioritize user trust.
Key Privacy Features
- Local Processing: Transcripts are generated entirely on-device, ensuring that no one else—not even WhatsApp—can access your personal messages.
- End-to-End Encryption: The feature maintains WhatsApp’s strong privacy standards, ensuring that only the sender and recipient can access their voice messages.
Global Rollout and Language Support
The Voice Note Transcription feature is rolling out globally over the coming weeks. Initially, it supports selected languages such as English, Spanish, Portuguese, Russian, and Hindi. WhatsApp has confirmed plans to expand its language offerings soon, ensuring wider accessibility for users worldwide.
Why This Feature is a Game-Changer
This new addition addresses a common pain point for WhatsApp users: handling voice messages when audio playback isn’t feasible. Whether you’re in a crowded space, attending a quiet event, or dealing with a lengthy voice note, the transcription feature provides a convenient alternative.
Benefits of Voice Note Transcription
- Multitasking Convenience: Users can skim through voice messages while juggling other responsibilities without needing headphones.
- Accessibility Improvement: The feature enhances accessibility for individuals with hearing impairments or those who prefer text-based communication over audio.
- Enhanced Communication: Merging the personal touch of voice communication with the convenience of text allows for more flexible interactions.
Conclusion
By introducing the Voice Note Transcription feature, WhatsApp continues to innovate and enhance its platform. This tool exemplifies how technology can adapt to diverse user needs while maintaining security and privacy. Keep an eye on your app settings—this feature is rolling out soon and is set to make staying connected easier than ever. As WhatsApp expands its capabilities, users can look forward to a more personalized and efficient messaging experience that caters to their evolving communication preferences.
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