Video: When Startups Change Course

In this video, Scott Olson from FounderBuzz interviews Tara Hunt, founder and CEO of Buyosphere. The company recently raised $350k after changing their business model to a shopping Q&A community.

Buyosphere didn’t start out this way. Their business model adapted from a more user and data analytics intensive model that required the users to fill out a tastes profile and where users would have more things automatically suggested for them to purchase based on data analytics. When both users and venture capitalists pushed back on early versions of the site, Tara listened and now has a rapidly growing site that was able to obtain the seed funding to prove their model with their community.

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21 Fundraising Tips for AngelList

Active Angels Ty Danco and Dharmesh Shah have posted 21 funding tips for Startups looking to leverage AngelList:

AngelList may be a game-changer, but most of the same rules are still in place. Angels still look for the same elements in a startup as always: a strong team; meaningful milestones; a differentiated product in a big potential market; capital efficiency and so on. Therefore, the excellent advice listed in OnStartups, Venture Hacks, AVC, Ask the VC, Both Sides of the Table, and the like still applies. What for now is unique to AngelList is the speed and efficiency with which they can harness an all-star network of active investors in front of a breathtakingly large, qualified stream of startups.

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What You Get For Nothing Is Priceless

John Williams writes that you shouldn’t let a little thing like money get in the way of launching your Startup:

From the initial budget to managing overhead, creating a business from slim funds is a hands-on sink-or-swim crash course in keeping a business afloat. When it’s your money, your whole livelihood is depending on every choice you make so choices are made carefully and thoughtfully. You’ll quickly dismiss fancy office space with high rent and fashionable interiors and think about working from home for the time being. You may even have to keep your day job to pay your bills at first. You’ll want to work hard because you won’t be able to pay anyone else to help you. You’ll want to start with an idea that costs more in sweat equity and time than expensive materials or manufacturing. You’ll want to bend over backwards to provide superior customer service because it costs you nothing and it just may separate you from your more established competitors.

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Small Firms to Benefit from Zettaset Consumerization of Big Data

imgresWith the Googles of the world tracking our every move on the Internet, the wealth of information being gathered out there might seem out of reach for the rest of us. Enter Zettaset, a freshly funded Startup harnessing Hadoop for the rest of us. After raising $3 million from Draper Fisher Jurvetson and EPIC Ventures, Zettaset aims to help employees make business decisions on real data as opposed to intuition.

It’s not just about the technology anymore; it’s about the data and if you can produce more granular insights from your data,” said Brian Christian, co-founder and CEO of Zettaset.

Read the Full Story at GigaOM.

Video: Sources of Funding for Startups – What Works and What Doesn’t


 
In this video, Ankit Agarwal from Micello and Nikhil Bhat from PRS Technologies discuss Sources of Funding for Startups: What Works and What Doesn’t.

How do you plan on getting your startup funded? When is the right time? And from whom? These questions vex all founders during their finance process and are a constant source of frustration and challenge. There are various models and ideas out there, but few get creative enough to stay lean and cash comfortable. For some industries, (Enterprise & B2B) making a viable product without any funding is nearly impossible, while for some consumer startups, their go to market strategy can be as simple as developing a mobile app.