When I first landed in China for Tripalocal in late 2014, many Chinese wondered why anyone would do a startup in a country with the population of Beijing. Over the subsequent 18+ months, I met with hundreds of Chinese investors, partners and peers. We closed our angel round of capital, formed partnerships and grew across China. It has been an exhilarating rollercoaster ride as we tackled the biggest market in the world.
I’m Murray Hurps. For the past 16 years, I’ve been running, supporting and researching startups, including running Fishburners, Australia’s largest startup space, and Startup Muster, the most comprehensive survey of the Australian startup ecosystem. My expectations were understandably high when I left Australia to tour Israel, the “Startup Nation”. [Source: LinkedIn Pulse]
I’d like to let you know that my two-year journey as the editor of Startup Daily has come to a close. My experience at Startup Daily has been critical to my growth as a professional journalist and editor, and I’m extremely grateful for the experience. I’m so proud of the progress we’ve made over the last two years in terms of traffic and reader engagement. I may not have founded the business, but I understand why founders call their startup their ‘baby’. Startup Daily felt like my own and I was wholly dedicated to it.
You might not have heard of EMC, but it’s a technology behemoth that runs many of the services you use today. The company provides datacenter storage for large technology companies — and today, it’s been acquired by Dell. It’s the largest technology acquisition ever, coming in at $67 billion and eclipsing the next-largest in which Avago acquired chipset maker Broadcom for $37 billion in May 2015. [Source: The Next Web]
“This day and age when startups talk about MVP, the emphasis is always on minimum … If product is too simple, and falls below the bar, it won’t be well received, and not likely take off. If the product is too simple, and doesn’t solve the problem, and doesn’t activate and retain the customers, it is not an MVP. It maybe a prototype, and there lies the difference,” writes Alex Iskold, Managing Director of Techstars. [Source: AlexIskold.net]
“Almost everything about scaling is counterintuitive. And one of the foremost examples is that reacting to the emotions you’re having as your team adds more people is usually a bad idea. Everyone’s first instinct is to grab back the Legos that the new kid took — to fight them for that part of the tower or to micromanage the way they’re building the tower. But the best way to manage scaling (and one of the secrets to succeeding in a rapidly growing company) is to ignore those instincts, and go find a bigger and better Lego tower to build. Chances are if you pick your head up and look around, there’s a brand new exciting pile of Legos sitting right next to you.” [Source: First Round Review]
For five years, Meenal Balar’s job was to figure out how to get more people to use Facebook — everywhere in the world. In 2009, as the growth team was just coming together, the company already had its eyes fixed on a billion users, and Balar was one of the key players that would get them there by answering questions like: How do we onboard mobile-only users? Okay, now how do we do it in the remotest corners of the globe? [Source: First Round: Review]
“What does it take to get funded? This is a question on many entrepreneurial minds, and we are sharing Unshackled’s thought process on how we get to 100% investment conviction. While every investor acts uniquely, we hope this formula helps close the expectation gap between founders and investors, and paves the way for a successful, shared journey,” writes Menan Mehta, co-founder of VC firm Unshackled. [Source: LinkedIn]
In an article published on LinkedIn, PwC’s CEO Luke Sayers admits gender pay gap exists within the company, which employs 6,300 people. After conducting a gender pay equity audit last year, the company decided to come clean with its employees and the broader public, saying transparency is one of the most powerful ways Australia can address the issue of pay equity. [Source: LinkedIn].
“Just because there’s a woman or a minority in a position of power doesn’t mean that the environment is healthy; existing in the space is not the same as thriving. So why suffer the stress of tokenization and the indignity of being systemically undervalued, underpaid, and underestimated when you can, instead, gracefully opt out?” writes Cecilia D’Anastasio. [Source: Broadly]
“Imagine a major intersection where all the innovation taking place in data analytics and all the advances in hardware meet. It would look a lot like Monica Rogati’s job at Jawbone. As VP of Data, she built a world-class team of scientists and engineers who pushed on the boundaries of wearables, data and the Internet of Things. Today, she spends her time advising multiple companies that want to make the most of their data.” [Source: First Round Review]
“The latest data says we are failing REALLY fast in global terms and need to work together. The rest of the world is moving much faster and we are being destroyed because of our own inaction,” writes Pete Cooper, Founder of The Start Society. [Source: The Start Society]
“While culture may seem an ambiguous and fuzzy concept, strong cultures are the best way for leaders to manage their companies throughout their evolution … CEOs can’t be in every room opining on each choice, but they can influence how each decision in those rooms is made,” writes Tomasz Tunguz. [Source: Tomasz Tunguz Blog]
“A year after joining Dropbox to run product engineering, Tido Carriero was asked to entirely re-architect the Dropbox platform to support multiple accounts. In order to accomplish this difficult engineering feat, Carriero needed to assemble his best engineers for the endeavor.” [Source: First Round Review]