Startup Roundup May 11, 2016


Zomato crisis: The life of a startup after a devaluation — Quartz

For the last couple of years, India was flooded with venture capital money, which helped several tech companies become unicorns—startups valued at over $1 billion. But now, some of the biggest players in the sector seem to be coming apart at the seams. 


Why senior executives are quitting startups to move back to traditional established companies – The Economic Times

MUMBAI | NEW DELHI: The movement back from startups to large established companies has started. Several CXOs from ecommerce and startups are on their way back to large MNCs and established Indian conglomerates and there are several others who are on the lookout, according to six executive search firms specialising in senior-level startup searches. 


The Future Of HR And Why Startups Shouldn’t Reject It | Fast Company | Business + Innovation

In 2012 a curious person on the web—likely an enthusiastic entrepreneur—asked a simple question on Quora: Does a startup need an HR person? This was in the infancy of the current boom—or bust—we’re now in; Now-defunct shopping website Fab had just raised $117 million; Pinterest landed $100 million, Box raised $125 million, and Square got $200 million. 


This 14-year-old turned down a $30M offer for start-up

aylor Rosenthal can’t even legally drive but has already turned down a $30 million offer to buy his start-up RecMed, CNN Money reported on Tuesday. The 14-year-old exhibited his start-up, a vending machine that serves first-aid kits rather than snacks, at TechCrunch Disrupt NY this week. 


Marc Andreessen’s Best Advice: Build Your Passion Before Your Startup – Forbes

Over $12 billion of venture capital was deployed to the startup ecosystem in just the first quarter of this year, according to the National Venture Capital Association’s MoneyTree report. That’s the ninth consecutive quarter of more than $10 billion in venture capital investments. More than ever, we are aspiring to be creators, change agents, and to have the freedom to potentially disrupt [insert X industry here] with our ideas, products and services. Our ultimate hope is to enter the Unicorn club – the elite status achieved when startups are valued at a billion dollars or more. 


HP’s new Tech Ventures arm looks to invest in emerging startups

The struggles of PC maker HP have been well documented, and thecontinued decline of the company’s main business isn’t helping. Even with new products like the super thin Spectre 13.3, a 3D-scanning Sprout PC anda crystal-studded smartwatch, HP is still looking to rebound. Today, the company announced the launch of HP Tech Ventures, a “corporate venture arm” that looks to invest in startups with “cutting edge technologies.” The new initiative will have teams in Palo Alto and Tel Aviv to go after the new companies in 3D transformation, immersive computing, hyper-mobility, IoT, AI and smart machines. 


Is your start-up worth less than $10B? Don’t go public, Tim Draper says

Venture Capitalist and Silicon Valley veteran Tim Draper has a message for most start-ups: Don’t go public yet. 


Hoping to Avoid Burnout, Some Startups Turn to Pot – Bloomberg

An embarrassing experience trying to get medical marijuana gave Mark Hadfield, chief technology officer of HelloMD Inc., the idea he needed to stimulate his business. 


Oxigen Wallet founder Pramod Saxena launches startup accelerator with IIT-Roorke – The Economic Times

Pramod Saxena, the founder of Oxigen Wallet has launched Aarambh Ventures, a startup accelerator in partnership with IIT-Roorkee, specifically focusing on fin-tech and clean-tech startups. 

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