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Showing posts with the label Startup

Uber going Public but never made a profit !

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Uber Inc., the world's most valuable startup valued at more than $78 billion is heading towards at IOP in May this year.  Started out of a problem experienced by the founders Travis Kalanick and Garret Camp who didn't get a cab one night while heading towards their hotel. This led them to start Uber and disrupt the transportation industry with a simple idea of bringing onboard demand and supply on an app.  Present in more than 600 cities across the globe under the leadership of is founder Travis Kalanick who had to leave Uber in 2016 forced by its board and investors due to series of scandals that himself and the company had faced in various countries.  It took 9 months for Uber to find their leader in Dara Khosrowshahi who built Expedia into a global travel powerhouse. Until then Uber had sold their business in China, SEA, Russia to DiDi, Grab and Yandex due to the stiff competition, sold and became an investor in their business in respective countries.  Under Dara, U

Checklist before you start your business !

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Starting Up is never soon and never late, it's just your timing of how you're confident of about your conscience. Often people end up getting found in a stressed situation due to the excitement, the newness, and joy of becoming independent with the responsibility of adding value to the society. We get to hear more success stories tan failure stories in the journey of entrepreneurship and startu-ups. But Rome was not built in a day. These companies founders have them every other alternate way or an idea before we get them to know who they are. Instagram founders Kevin Systorm and Mike Kregier founded a couple of startups earlier to Instagram which either got acquired or got closed too. Similar are the cases of startups and businesses. Failure or closing down companies and isn't just related to people and its founders, many at times, the viability of the idea, purpose of the product, need of the product, vision and many other things come into the picture. Example,