Michael Chepurnyak’s Post

KUALA LUMPUR: Malaysia’s Single Window for the Startup Ecosystem (MYStartup), a game-changing one-stop online platform for startups was launched today at KL20 Summit 2024. Science, Technology and Innovation Minister Chang Lih Kang in his keynote address at the launch of MYStartup said the platform was developed as the foundation for a seamless business environment for all things related to startups in Malaysia. He said it boasts a wide range of features and services for startups to access resources, mentorship, funding and regulatory support, thereby empowering the next generation of entrepreneurs to thrive and succeed. “MYStartup aims to unite founders, investors, tech talents, government agencies and ecosystem players while offering comprehensive data, insights and resources on starting and scaling a business, navigating funding options, and accessing essential support services within Malaysia's startup ecosystem. “If you are a startup and you do not where to find funders or funding, You can go to our website, register yourself and inform the platform what kind of startup you are. The website will direct you to relevant funding agencies or if you are a tech talent looking for employment (with a startup), you can also look for relevant jobs,” he said. Chang added that even more impressive, MYStartup powered by Cradle Funds comes equipped with artificial intelligence which is able to answer queries and provide insights about starting a business in Malaysia directly to its users. “Cradle Funds also spearheads the Malaysia Startup Ecosystem Roadmap (SUPER) 2021-2030, which emphasises the importance of a sustainable and inclusive startup environment to stimulate a robust economy by providing everyone with the opportunity to get access to entrepreneurial knowledge, connections to corporate, investor and government bodies,” he said. MYStartup was established in 2021 to nurture the national startuo ecosystem through capacity-building programmes, including hackathons, accelerators, pre-accelerators, and bootcamps-all while connecting startups, investors and tech talents through its portal. It is part of the government’s initiatives to make Malaysia a top 20 global startup ecosystem by 2030, through efforts of creating a seamless business environment and nurturing 5,000 new startups by 2025 as outlined in SUPER. – Bernama

Why Startups Fail The most common idea is that startups fail because they run out of money. However, according to TechCrunch, 42% of startups fail because the market doesn’t need them, and only 29% fail because they run out of cash. Can it be fixed? Yes, if you invest some effort into the ideation phase. I personally spent years working on products without proper market validation and failed at the launch stage. The main trap is that when you’re a startup enthusiast facing great uncertainty, it’s more comfortable to start doing what you are good at. I am good at creating products, so I always started with UX and a team. Also, I’m stubborn, and I finish things, so I successfully built and then buried the following products: - Visheo - video greeting cards made in minutes. The main reasons it failed: 1. The problem was not significant enough for people to pay for it. 2. For majority it’s awkward to make a video of yourself 🤷♂️. - Grammartunes - learn English with educational songs. We created it with exercises and launched it on the web. It should have been an app actually. We also did not really think of a monetization strategy and could not sell it 🫠. - SuggestTime - find the best time spots for a meeting with participants from different time zones. This one failed because we entered a very competitive niche, and the problem was too narrow, making another new tool for this redundant 🤦♂️. When I read the reasons, they seem obvious. But I was so happy about “doing my own thing” that I simply did not want to ruin my beliefs. I know startups that were developed for years before their founders actually launched them, only to realize that either the market is full of competitors, the product does not solve the problem or the problem simply doesn’t exist! And hey! Ideation is not rocket science! It’s much simpler than building a product! And still, people tend to do things rather than asking if this is the right thing to do. Here is my list of rules that can help validate your idea at an early stage: 1. Validate your problem. Ensure that the problem exists, it’s significant enough, and there is a substantial target audience. 2. Validate your solution. Ensure that the solution effectively solves the problem and that people understand it. 3. Validate the market. Check your competitors, alternative ways to address the problem and formulate your positioning statement and unique selling propositions. 4. Validate the product economy. Develop a sales strategy and pricing. Clarify market benchmarks. Make a spreadsheet with profits and losses and see if your economy works. To structure your funding, fill out a user-centered design canvas to have your ideation on one page. You can also use “Porter’s Five Forces” to ensure your positioning is correct. And only then, if it’s worth it, start building an MVP that fits the shape of the market. You can find out more on this topic with Teresa Torres and her Product Talk (https://lnkd.in/dD_ddrcE).

𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬𝐡𝐢𝐩: 𝐌𝐁𝐀𝐭𝐫𝐞𝐤'𝐬 𝐓𝐚𝐤𝐞 𝐨𝐧 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐭𝐚𝐫𝐭𝐮𝐩 𝐃𝐚𝐲 On National Startup Day, we at MBAtrek join the entrepreneurial community in celebrating the spirit of innovation and the relentless pursuit of solutions that startups exemplify. This day is not just a celebration but a reflection of the journey, challenges, and triumphs that define the startup ecosystem. The Essence of Startups Startups are more than just businesses; they are a testament to the power of an idea and the human will to bring it to life. They disrupt traditional markets, introduce innovative solutions, and most importantly, they embody the spirit of resilience. At MBAtrek, we understand this ethos deeply, having embarked on our own journey in the EdTech world with a mission to revolutionize career guidance and skill development. MBAtrek’s Journey in the Startup Ecosystem As a startup ourselves, our journey has been nothing short of exhilarating. From the initial challenges of market entry to scaling our services across various domains, we have lived the startup journey every step of the way. Our experiences have taught us the value of adaptability, relentless innovation, and customer-centricity – values that are at the core of every successful startup. Contributing to the Startup Ecosystem On National Startup Day, we reflect on our role not just as a startup but as a contributor to the startup ecosystem. Through our services, we have had the privilege of guiding many budding entrepreneurs and startup enthusiasts. By providing career development tools and industry insights, we help nurture the next generation of innovators who will continue to drive our economy forward. The Role of EdTech in Supporting Startups In today's digital age, EdTech plays a pivotal role in the startup ecosystem. At MBAtrek, we leverage technology to bridge the gap between academic knowledge and industry requirements. Our programs are designed to equip aspiring entrepreneurs with the skills necessary to thrive in the competitive world of startups. Looking Ahead: The Future of Startups The future of startups looks promising, with more innovators stepping forward to turn their visions into reality. As we celebrate National Startup Day, we at MBAtrek are excited to be part of this vibrant community. We remain committed to empowering individuals with the knowledge and skills they need to contribute to this dynamic and ever-evolving ecosystem. National Startup Day is a reminder of the endless possibilities that await those brave enough to venture into the world of startups. At MBAtrek, we are proud to be part of this journey, and we look forward to continuing to support and celebrate the spirit of entrepreneurship that drives our nation forward. #NationalStartupDay #StartupCulture #Entrepreneurship #Innovation #MBAtrek #EdTech

𝗛𝗼𝘄 𝗕𝘂𝗯𝗯𝗹𝗲.𝗶𝗼 𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝘀 𝗦𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝘁𝗼 𝗦𝘂𝗰𝗰𝗲𝗲𝗱 🚀 In the fast-paced world of startups, speed and efficiency are critical. Bubble.io, a powerful no-code platform, is transforming the way startups develop and launch their products. Let's explore how Bubble.io can be a game-changer for your startup journey. 🌟 𝗥𝗮𝗽𝗶𝗱 𝗣𝗿𝗼𝘁𝗼𝘁𝘆𝗽𝗶𝗻𝗴 𝗮𝗻𝗱 𝗠𝗩𝗣 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 🚀 Time is of the essence for startups. With Bubble.io, you can quickly prototype and build your Minimum Viable Product (MVP) without the need for extensive coding knowledge. This allows you to test your ideas and get feedback from users faster than ever. 𝗖𝗼𝘀𝘁-𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 💰 Hiring developers and managing a tech team can be costly. Bubble.io eliminates the need for a large development team, saving you money and allowing you to allocate resources to other critical areas of your startup. 𝗙𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 🎨 Bubble.io provides a highly flexible environment where you can customize every aspect of your app. Whether you need to build a marketplace, a CRM, or a social network, Bubble.io has the tools to make it happen. 𝗦𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗚𝗿𝗼𝘄𝘁𝗵 📈 Start small and grow big. Bubble.io supports your startup's growth by allowing you to scale your app as your user base expands. With its robust infrastructure, you can handle increased traffic and data without compromising performance. 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝘄𝗶𝘁𝗵 𝗧𝗵𝗶𝗿𝗱-𝗣𝗮𝗿𝘁𝘆 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 🔗 Connect your Bubble.io app with various third-party services and APIs to enhance functionality. Whether it's payment gateways, email marketing tools, or analytics platforms, Bubble.io makes integration seamless. Community and Support 🤝 Join a vibrant community of entrepreneurs and developers who are also using Bubble.io. Benefit from shared knowledge, tutorials, and support to overcome challenges and make the most of the platform. Real-World Success Stories 🌟 Many startups have already leveraged Bubble.io to launch successful products. From e-commerce platforms to SaaS solutions, Bubble.io has proven to be a reliable partner in startup success. Get Started with Bubble.io Today! 💡 Empower your startup with the tools and resources you need to succeed. Dive into Bubble.io and see how you can transform your ideas into reality with speed, efficiency, and innovation. #Startups #NoCode #BubbleIO #Innovation #TechStartups #Entrepreneurship #MVPDevelopment #ProductDevelopment #BusinessGrowth #TechTrends #DigitalTransformation #WebDevelopment #Scalability #CostEffective #TechSolutions #StartupSuccess

Startups -------------------- ZdsLogic -------------------- We are at the MVP Stage There are seven stages of a startup in total: 1.) Ideation 2.) Minimum Viable Product (MVP) 3.) Investment 4.) Product-Market Fit (PMF) 5.) Go-to-market 6.) Growth 7.) Maturity ------------------------------- Seven stages of a startup with venture capital funding: 1. Ideation. Find what startup you should build by a.) Identify your ideal customer, b.) Finding what problem they're facing, c.) Estimating its potential market, and d.) Creating a hypothetical solution to that problem in the form of a product or service; 2. MVP. The minimum viable product is the way you'll test that hypothetical solution. The MVP's one and only objective is to try out how the market will receive your solution, and make you go through the build-measure-learn cycle; 3. Investment. A venture-backed startup will go through the investment stage over and over again, with different objectives each time. The most common rounds are pre-Seed, Seed, Series A, Series B, and so forth; 4. Product-market fit. Having PMF means being in a good market with a product that can satisfy that market; 5. Go-to-market. Find out the best tactic to convert as many people as possible from that potential market. Aim for a repeatable, scalable, and profitable revenue generation model; 6. Growth. Accelerate your successful sales formula and go from startup to scaleup. Some strategies for that are acquiring competitors or complimentary businesses and taking your company to other geographies; 7. Maturity. You most likely won't have to wait long for an exit opportunity to show up, like an M&A or an IPO. Keep listening to your customers, and help foster the next generation of startup founders. Each of them has one objective and demands one focus from you, the founder. We are at the MVP Stage The MVP design process includes three steps:  Prototype: Come up with ideas Measure: Build those ideas Learn: Get feedback from real users The MVP allows you to preview and test the product to make necessary adjustments before actually releasing the final version with all features. ------------------------------------------- ZdsLogic Studio ------------------------------------------- What is it? An AI Powered Low Code / No Code Platform Full Stack Enterprise Grade Application Generation and Deployment.: Java / Spring Boot / Angular / Kubernetees Design https://lnkd.in/e9QXMnsY WebSite https://lnkd.in/eKHj2hcW Business Plan https://lnkd.in/eHg2BXHr Product Market Fit https://lnkd.in/ec2HBndv ZdsLogic Technologies https://www.zdslogic.com ---------------------------------------- Price: $29.99/month Subscription ---------------------------------------- Launch: 2024-04-01 ----------------------------------------

You need a "Pilot" to stop sinking your startup ship Here's why. 1. Real-World Feedback Is the Breakfast of Champions: Before you can feast on the fruits of product-market fit, you must first till the soil with customer feedback. Piloting offers a controlled testing ground where startups can gather this invaluable data straight from the horse's mouth. Studies have shown that startups engaging in pilot programs improve their product satisfaction rates by up to 60%, as they can make adjustments in real time based on direct consumer feedback (Source: Startup Trends Magazine). 2. Proof of Concept Is Your Golden Ticket: In a world where investors are more elusive than ever, having a proof of concept can be the difference between "Who are you again?" and "Take my money!" A successful pilot not only demonstrates the viability of your product but also showcases potential for scalability and profitability—a language investors speak fluently. According to the Tech Venture Capitalist’s Handbook, startups that have completed a successful pilot program see a 73% increase in funding opportunities compared to those that skip straight to market. 3. Risk Reduction: The Entrepreneur's Best Friend: Let's face it, launching a startup is like playing a high-stakes game of poker, but with a successful pilot under your belt, it's like playing with a peek at the other players' cards. By identifying and addressing potential issues early, you drastically reduce the financial and reputational risks associated with a full-scale launch. The Global Startup Ecosystem Report highlights a 45% decrease in early-stage startup failures among those that conduct pilot tests, attributed mainly to early problem identification and refinement of business strategies. Parameters for a Successful Pilot: 1) Specific, Measurable Objectives: Know what success looks like for you. Whether it's a user engagement rate, number of active users, or conversion rate, having clear KPIs will help you measure the effectiveness of your pilot accurately. 2) Representative Sample Group: Ensure your pilot group mirrors your target market as closely as possible to gather relevant and actionable insights. 3) Feedback Mechanism: Establish a clear, straightforward process for collecting and analyzing feedback, making it as easy as possible for users to contribute their thoughts and experiences. Before becoming a household name, Dropbox conducted a clever pilot by releasing a simple demo video targeted at tech enthusiasts. The overwhelming positive response and sign-up rate provided clear proof of concept and helped to fine-tune their offering before a wider launch. In its infancy, Airbnb's co-founders piloted the concept by renting out their apartment during a local conference. This small-scale test helped them understand the market's needs and refine their platform before scaling up to become the behemoth it is today. #shahriarsuncommonsense

In 2008, Airbnb gained a startup program. It’s been largely hailed as being one of the vital necessary elements of the corporate’s journey, propelling its imaginative and prescient to international success.Clearly, startup applications work.For those who’re a tech startup with loads of promise, we’re guessing you need a related story. And it simply so occurs that yours could possibly be beginning in the present day. Let’s find out about Namecheap’s collaboration with the Startups .Tech Program, and its distinctive alternative for .TECH house owners. What’s all of it about?  As ever, we need to ensure that all of your area wants are met. However with the Namecheap and .Tech Domains collaboration, we thought we’d go a step additional. We’re offering a novel alternative for at the very least one Namecheap buyer. Supplied you’re a startup that manages a .TECH by way of Namecheap, you’re eligible for a high slot function on a world-renowned podcast, This Week in Startups, hosted by extremely esteemed tech magnate Jason Calacanis.The tech present host is praised for investing in industrial giants like Uber, Superhuman, Thumbtack, and Datastax. And a clip of your visionary pitch will likely be aired to over 200,000 of his listeners. Whether or not you’re trying to elevate VC funding, entice extra clients, or construct credibility, the inducement exists to ‘‘Unlock new potential in your startup with a game-changing push.’’ And we would like you, a startup utilizing the .TECH extension, to use, inform your organization’s story, and get your voice heard. Reap the rewards Amplifying your startup at zero value, making new business connections that final, and constructing credibility by way of respectable traction. Sound good? Boosting your business presence is nice in itself, however the particulars of this chance are even higher. For those who’re accepted, you’ll be on the way in which to constructing new audiences with pace, embedding your title in knowledgeable community, attracting potential partnership offers, funding alternatives, and employee expertise… and all you need to do is apply. Directions, please    Making use of for this system takes minutes. Head to this system’s devoted web page for Namecheap clients and fill within the type. Whereas the method is straightforward, it is advisable to act quick — at the very least one slot is reserved for Namecheap clients, and the deadline is November 12. Shortlisted candidates will likely be contacted through electronic mail, so bear in mind to maintain a watch out. All you need to do now’s apply, and, hopefully, your startup will likely be on its approach to success.Go away a remark beneath once you’ve utilized, and also you could be making like-minded connections earlier than you’ve even enrolled.     

Common methods used for a valuation of startups: 1. Discounted Cash Flow (Dcf) Method How it works: This method projects the future cash flows of the startup and discounts them to present value using a discount rate that reflects the startup's risk. However, since startups often don't have positive cash flows, predicting accurate cash flows can be tricky. When to use it: Best for startups that already have significant revenue and a somewhat predictable growth trajectory. 2. Venture Capital (VC) Method How it works: This method is widely used by venture capitalists. It calculates the startup's valuation based on its expected exit value (e.g., IPO or acquisition) in the future. The valuation is then discounted to its present value using a required rate of return. When to use it: Best for early-stage startups that expect rapid growth and an exit within a few years. 3. Comparable Market Approach How it works: The startup is valued by comparing it to similar companies that have been recently sold or are publicly traded. This could involve comparing metrics like revenue multiples or user base metrics to arrive at a valuation. When to use it: Ideal for startups in a relatively established industry with comparable competitors. 4. Berkus Method How it works: Developed by angel investor Dave Berkus, this method assigns a value based on qualitative factors like the quality of the idea, the team, the product's development stage, and market risk. Each factor is given a monetary value that sums to the total valuation. When to use it: Useful for pre-revenue startups, especially in the very early stages. 5. Scorecard Valuation Method How it works: This method adjusts the valuation of a similar startup based on how the target startup compares in several key areas, including team, market, product, and customer traction. When to use it: Good for early-stage startups where comparisons to other startups are feasible. 6. Cost-to-Duplicate Method How it works: This approach values a startup based on how much it would cost to replicate the startup's product, technology, or intellectual property from scratch. When to use it: Most applicable for tech-heavy startups that have developed unique intellectual property or products. 7. Risk Factor Summation Method How it works: Starting with a base valuation (often derived from the Scorecard or Berkus method), this method adjusts the valuation based on an analysis of different risk factors like management, legislation, technology, competition, etc. When to use it: Useful for startups where risk assessment is critical.

Paul Graham's Strategies to Get Successful Startup Ideas..... "Live in the future and build what seems interesting." Paul Graham. In November 2012, Paul Graham shared an essay on 'How to get a startup idea?' which is still relevant today. I'm sharing his 10 strategies in a diagrammatic way to get successful ideas... 1. Utility vs. Novelty Ideation Categorize startups as highly novel/useful or less novel/useful. Prioritize highly useful over novel for success, favoring practicality over novelty for viability. 2. Build for the few, who want a lot Paul Graham advises targeting a small, urgent user group. Build for a few people who want a lot. Visualize a deep, not wide, inverted graph of "wells." Successful ideas start narrow and deep. Prioritize user desire and speed initially for better success. 3. Live in the future, build what’s missing Choose startup ideas by "living in the future, then building what's missing," advises Paul Graham. Be on the leading edge, with a prepared mind, generating innovative ideas. Success unfolds gradually, founders may not predict expansion paths. 4. But what’s missing? Build what’s interesting To find gaps in a field's leading edge, adopt a "living in the future" mindset. Constantly identify irritating gaps, tackle difficult problems out of curiosity, and explore side projects. This leads to innovation, helping discover missing pieces for valuable startup ideas. 5. Scratch your own itch "Scratch your own itch" by Eric S. Raymond suggests good software often comes from solving personal problems. Being the creator and user allows rapid iteration without external validation, leveraging a deep understanding of the problem. 6. Explore new domains Exploring new domains, like moving from software to genetics, brings fresh ideas. Less expertise in the new field allows for a unique perspective, fostering innovation by challenging the status quo. 7. Competitors Good ideas may feel obvious and potentially too late. Uniqueness is rare, but that's not a problem. Competitors rarely kill startups. Prioritize user needs and differentiation over competition. A crowded market often signals high demand for a problem, presenting an opportunity for innovation. 8. Find valuable ideas by addressing challenging problems with less competition. Recognize startup challenges and remove filters by identifying problems you wish others would solve and exploring new domains with a fresh perspective. 9. Focus on a single defining idea. Three key questions—passion, expertise, and profitability—guide new ideas, enhancing success through perseverance, competitive advantage, and sustainability. 10. "Just Do It" like Nike, applying scientific rigor with Lean Startup methodologies, is an effective way to validate ideas. The iterative process tests assumptions, makes continual improvements, and swiftly validates ideas. 👉 If you find this helpful, please like, comment & repost... . #startups #founder #startup #funding #vc #vcfund #vcs