Startup Roundup May 4, 2016

4 Factors That Predict Startup Success, and One That Doesn’t

What makes a venture capital investment successful? Some of the most interesting data on this question comes from an analysis published last year by the venture capital firm First Round Capital. The firm’s unique data set comprises information on over 300 companies and nearly 600 founders, including founder characteristics such as age, gender, education, firm location, and prior work and startup experience. The study found several correlates with success — some reassuring, some surprising. 

Billion-Dollar Startup Datto Gives Away Free Storage In A Challenge To Dropbox And Box – Forbes

Their names are often uttered in the same breath when it comes to online file sharing and collaboration, Austin McChord knows. But when Box and Dropbox charge companies by the user for their storage and added-on tools, the founder of billion-dollar startup Datto says the two name brands leave many small businesses behind. 

Dublin’s startup scene aims to take on the tech giants | Media Network | The Guardian

Corporation tax is probably the first thing that comes to mind when most of us think about the Irish tech scene. The Republic’s 12.5% corporate tax rate – one of the lowest in Europe – makes the country an attractive prospect for multinationals, and a stroll through what has inevitably come to be known as theSilicon Docks area of Dublin will take you past the European headquarters of Google, Facebook and eBay, to name just a few. 

Visa launches startup challenge – Business Insider

Visa announced the launch of the second iteration of its “Everywhere Initiative,” which poses three business challenges to startups and asks them to develop potential solutions. 

Designer Fund, which backs startups founded by designers, has raised $20 million | TechCrunch

Designer Fund, a San Francisco outfit that looks to invest in seed-stage startups that feature designers on their founding teams, has raised $20 million in funding from unnamed individual investors, most of them successful designers looking to support the next generation. 

8 Secrets To Pushing Your Startup Ahead Of The Crowd – Forbes

In my view, starting a new business has never been easier, and according to reports from the Kaufmann Foundation, the numbers are finally here to show it. The number of startups rose in 2015 for the first time in five years, with the largest year-over-year increase in two decades. Over 500,000 new businesses were created last year, or about one per minute of every day. 

Google Buys Business Technology Startup Synergyse – Fortune

The search giant said on Monday that it bought a small startup called Synergyse, which developed training software for Google Apps users in 2013 that keeps them up to date about new features and gives directions about how to use products. Terms of the deal were not disclosed. 

Chinese Government Luring ‘Sea Turtles’ Home To Launch Startups – Forbes

Since 2013, when the Chinese central government launched new rhetoric encouraging innovation and would-be entrepreneurs, the country has been gripped by a startup craze that is now reaching across borders and oceans to lure back Chinese who went overseas to study and work – Chinese more colloquially known as “sea turtles”. 

Roam, a Startup for Digital Nomads, Raises $3.4 Million – Fortune

In a 1967 episode of his CBS series The 21st Century, Cronkite took viewers on a tour of the home of 2001, presenting it as a teleworker’s paradise. Not only would a 30-hour work week and month-long vacations be the norm, he said, but the businessperson of the future would have a home office equipped with computer consoles and other devices that would allow him “to carry on normal business activities without ever going to an office away from home.” 

A Canadian startup wants to sell cans of fresh air to gasping Indians — Quartz

Vitality Air—a Canadian startup founded by a former mortgage broker—made headlines last year for selling bottled air to Chinese struggling with poor air quality. But the company reckons it can sell even more to gasping Indians. “We expect India to be even bigger than China,” Moses Lam, founder of Vitality Air, said. “We are test-marketing it right now.” 


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