How To
How To Onboard The Right Investor For Your Startup
Published
5 years agoon
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.
You may like
How To
How to Create a Two-Sided Dynamic Profile Picture on Instagram: Show Off Your Photo and Animated Avatar!
Published
23 hours agoon
October 29, 2024Looking to add more personality to your Instagram profile picture? Now, you can create a dynamic profile that seamlessly displays both your static profile photo and a custom animated avatar—perfect for sharing a bit more of your personality.
Instagram’s dynamic profile picture feature, launched in January 2023, combines your standard profile photo with a customizable animated avatar. This allows followers to flip between your static image and your animated self-portrait with a simple swipe. If you’re not familiar with avatars on Instagram, they were first introduced in early 2022 for Stories and messages and are now available for profile pictures.
Customizing Your Avatar
Instagram’s animated avatars are customizable, similar to Apple’s Memoji and Samsung’s AR Emoji, with no fixed gender settings. You can personalize various features to match your style. Avatars are public by default, but privacy settings allow you to control who can see them.
Step-by-Step Guide to Setting Up Your Dynamic Profile Picture
Step 1: Start Creating Your Avatar
- Ensure you have the latest version of Instagram on your Android or iOS device.
- Go to your profile page and tap “Edit Profile.”
- If you haven’t created an avatar before, you may see a prompt inviting you to “Create Your Avatar.” Select it, or tap “Edit picture or avatar” to get started.
Step 2: Customize Your Avatar
- Begin by selecting a skin tone, then dive into customizations such as hairstyle, face shape, and outfit.
- The options are extensive, allowing adjustments from facial features to makeup, accessories, and body type.
- Use a two-finger pinch to zoom in or rotate the avatar with a swipe for better detail viewing.
- For more personalization options, select “More Personalization” for finer adjustments like brows, lashes, and facial hair.
- Instagram includes a virtual store for additional personal touches; once satisfied, tap “Save” to finish your avatar.
Note: If your Instagram is synced with Facebook, it will offer the option to “Sync” avatars across both platforms.
Step 3: Add the Avatar to Your Profile Picture
- Head back to the “Edit Profile” page.
- Instagram may prompt you to “Enhance your profile picture with your avatar.” If not, select your avatar and enable the “Add to profile picture” option.
- This action combines your profile photo and avatar into a double-sided profile picture that followers can swipe to see both versions.
Step 4: Personalize Background and Pose (Optional)
- To add final touches, adjust the avatar’s background color and choose from various poses for a more personal look.
- Swipe to show the avatar on the “Edit Profile” screen, tap to adjust, and select your preferred background and pose options.
If you ever want to remove the avatar, use the ellipsis (•••) menu in the profile editor to hide it.
Conclusion
Creating a dynamic profile picture on Instagram allows you to showcase both your static image and animated avatar, adding depth and personality to your online presence. This feature not only enhances user engagement but also provides an innovative way for individuals to express themselves creatively.
As this feature becomes more widely adopted, it will be interesting to see how users leverage it for personal branding and community interaction on the platform. By following these steps, you can easily set up your own dynamic profile picture and make your Instagram account stand out!
How To
WhatsApp Channels Revolutionized: Channel Categories Simplify Content Discovery!
Published
1 month agoon
September 30, 2024WhatsApp has recently introduced a new feature known as Channel Categories, aimed at enhancing the user experience by simplifying the process of discovering and following channels that align with individual interests. This update is expected to significantly boost user engagement on the platform, which boasts over 500 million monthly users engaging with WhatsApp Channels.
Overview of Channel Categories
The new categorization system divides channels into seven distinct groups:
- People
- Organizations
- Lifestyle
- Sports
- Entertainment
- Businesses
- News & Information
Accessible through the Explore option in the Updates tab, this feature allows users to navigate easily through various categories, making it simpler to find content that resonates with their preferences. The automated categorization process means that channel owners no longer need to manually assign categories, streamlining the user experience further.
Enhancing User Experience
The implementation of Channel Categories is designed to improve how users interact with content on WhatsApp. By enabling users to filter search results by category, WhatsApp not only saves time but also encourages exploration of a wider range of channels. This could lead to increased satisfaction as users discover new interests and communities within the app.
The organized structure provided by Channel Categories is anticipated to enhance overall user engagement, allowing for a more intuitive browsing experience. As users delve into different categories, they may find channels that they might not have otherwise encountered, broadening their content consumption.
Celebrity Engagement
The timing of this new feature coincides with the rising popularity of WhatsApp Channels among public figures and celebrities. Notable Bollywood stars such as Kareena Kapoor Khan, Katrina Kaif, and Ayushmann Khurrana have launched their own channels, offering exclusive content and personal insights. For instance, Khurrana’s channel promises followers a glimpse into his life, sharing behind-the-scenes updates and creative endeavors like poetry. This personal touch aims to foster closer connections between celebrities and their fans.
Future Developments
In addition to Channel Categories, WhatsApp is enhancing its artificial intelligence capabilities. The platform plans to roll out a two-way voice chat feature powered by Meta AI, allowing users to interact with chatbots in a more personalized manner. This feature will offer various voice options, including those of celebrities, enriching user interaction on the platform.
The introduction of AI-driven features aligns with Meta’s broader strategy to integrate advanced technology into its messaging services. By providing users with unique voice interactions, WhatsApp aims to create a more engaging and dynamic communication experience.
Conclusion
WhatsApp’s launch of Channel Categories marks a significant advancement in creating a user-friendly environment for content discovery. By organizing channels into distinct categories and enhancing AI capabilities for personalized interactions, WhatsApp is positioning itself as a more engaging platform for its vast user base. As this feature gains traction, it will be interesting to see how both users and channel creators adapt to this new system, potentially reshaping the way content is consumed on the app.
How To
A Step-by-Step Guide to Setting Up Partner Sharing in Google Photos!
Published
1 month agoon
September 23, 2024Setting up partner sharing in Google Photos is a convenient way to share your photos and albums with a specific person, making it ideal for couples, families, or close friends. This feature allows both partners to view and contribute to shared memories seamlessly. Here’s a comprehensive guide on how to set up partner sharing in Google Photos.
Step-by-Step Guide to Setting Up Partner Sharing
1. Open Google Photos
To begin, launch the Google Photos app on your mobile device or visit the Google Photos website at photos.google.com. Make sure you are logged into your Google account.
2. Access Settings
- Mobile App: Tap on your Profile Picture in the top right corner of the app.
- Desktop: Click on the gear icon (Settings) located in the upper right corner of the screen.
3. Select Partner Sharing
In the settings menu, find and select Partner Sharing. This option will initiate the process of inviting your partner to share photos.
4. Add Your Partner
You will be prompted to enter your partner’s email address. If they are already in your Google Contacts, you can select their name from the list. After entering their information, click Next.
5. Choose Sharing Options
You will have several options regarding what you want to share:
- Entire Library: Share all your photos with your partner.
- Specific Albums: Choose particular albums or folders to share.
- Photos of Selected People: Opt to share only photos that include specific people recognized by Google Photos.
Additionally, you can set a date range for sharing, allowing you to share only photos taken after a certain date.
6. Send Invitation
Once you have made your selections, click Send Invitation. Your partner will receive an email invitation to accept the shared access. They need to accept this invitation to start viewing and contributing to the shared content.
7. Accepting the Invitation
Your partner can accept the invitation via email or directly within their Google Photos app if they have it installed. After accepting, they will gain access to the shared library or albums based on your settings.
8. Share Back (Optional)
Once your partner has accepted the invitation, they can also choose to share their own photo library with you. They can do this by clicking on the ellipsis icon (three dots) in their Google Photos app and selecting Share Back.
Managing Partner Sharing Settings
After setting up partner sharing, you can manage and modify settings at any time:
- Return to the Partner Sharing section in Settings.
- You can change what is shared or remove access if needed.
Benefits of Partner Sharing
Partner sharing in Google Photos provides several advantages:
- Collaboration: Both partners can contribute photos, making it easier to compile memories from different perspectives.
- Organization: Shared albums help keep memories organized and accessible for both parties.
- Convenience: The ability to set specific sharing preferences allows for personalized control over what is shared.
Conclusion
Setting up partner sharing in Google Photos is an excellent way to keep your memories organized and accessible for both partners. By following these straightforward steps, you can easily create a shared photo library that enhances collaboration and strengthens connections through shared experiences. Whether for personal use or family albums, this feature simplifies photo management and fosters deeper relationships through shared memories.
Recent Posts
- Alphabet’s Q3 Revenue Growth Expected to Slow Amid Rising Competition in Search and YouTube Ads!
- Apple Unleashes the Power of AI: The iPhone Enters a New Era of Intelligence!
- Blinkit and BigBasket Offer 10-Minute Gold and Silver Coin Delivery for Dhanteras!
- YouTube Demands Removal of ‘Juno’ from Apple’s Vision Pro; Developer Responds!
- How to Create a Two-Sided Dynamic Profile Picture on Instagram: Show Off Your Photo and Animated Avatar!
- PhysicsWallah Sets Ambitious Rs 1,000+ Crore Offline Revenue Goal for FY25 Amid Expansion Push!
- Lahori Eyes Rs 400 Crore Funding Round to Triple Valuation, Targets Rs 2,700 Crore!
- First Cheque Targets 15-20 Startup Investments with Larger Pre-Seed Fund for D2C Focus!
- InsuranceDekho Nears Acquisition of RenewBuy in $300-350 Million Deal!
- Tata Enters Quick Commerce with Neu Flash to Compete Against Blinkit, Instamart, and Zepto!
- YouTube Expands Shopping and Affiliate Program in India, Opening New Revenue Channels for Creators!
- Instagram Launches Halloween-Themed Features, Including Secret Animations and AI Costumes!
- Zomato Introduces ‘Order Scheduling’ Feature for Seamless Pre-Planned Deliveries!
- Nvidia Becomes World’s Most Valuable Company, Reaching $3.53 Trillion Amid Surging AI Demand!
- JioHotstar.com Takes a New Turn with UAE Siblings’ Charity Mission After Reliance Declines Delhi Developer’s Offer!
- Ixigo Acquires 51% Stake in Train Food Delivery App Zoop to Enhance Train Travel Experience!
- Meta Collaborates with Reuters to Provide Real-Time News via AI Chatbot!
- Nvidia Surpasses Apple as World’s Most Valuable Company Amid AI Demand Surge!
- Meta Introduces Pocket-Sized Llama AI Models for Smartphones and Tablets!
- Zoho and NVIDIA Partner to Develop Custom Business-Specific LLMs!