I think that start-ups that are disruptive in any industry or economy get noticed by the right people.
With the current world crisis, funding is bleak. But a lean start-up has more chance in surviving the storm which is yet to come. Adapting a business model is also key at this moment in time. And I don't personally condone companies which make a profit from the suffering or loss of people.
I recently created a start-up, lean, agile and with very limited capital. Just one team member. Well two, Googles search AI. I intend to shift the focus of consumer interest, raise awareness and promote, action and help attain UN sustainability goals.
My reason for this is that I knew I wanted to create the start-up, I revised the product offering once in the very early days of attendance to a business boot camp. And I knew deep inside me that I had a purpose which in time, became clearer and clearer as I found it difficult to decide on the course of a business operational goal. I knew I wanted to make a change in the world. For the better. But how I would do this. That was a challenge in its self.
The world we live in has changed dramatically in the past months. I want to make a change in the world. And make it a better place.
In my opinion, finding VC funding isn't a bigger problem than it was in the past few months just because lots of things are quarantined. The bigger issue to me is if their employees need to work from home, have they prepared the infrastructure for it? They are small startups so they likely did not have time to consider this possibility, and it hit them abruptly all of a sudden at the wrong time. That might make a small hole in their VC money which they will need to compensate for by slashing other areas they could've innovate in to save costs.
Assuming free VPN software, devices for say 10 people amounts to about $10K, two VPS servers or three brings will burn something like $5K. You may also have to cover broadband for video conferencing but that shouldn't be a big deal since you can pay $50/month for each person for an unmetered connection. Do they have this much in cash available to spend?
I think you may have misunderstood. A lean-agile startup. Many cases will see founders and team members working remotely. Reducing any possible operational overhead costs to a minimum.
Regarding hardware three VPS servers wouldn't be needed. Simplicity is in the complexity of the programming provided by technology providers. Resulting in services made available in remote areas.
I am open to discussion if you would like to continue this conversation on the topic.
What did you mean as I may have misunderstood but after you read my reply please get in touch so I can understand.
Thanks for replying, I was trying to say that remote working infrastructure might be a large part of startup's operational costs.
I think you may have misunderstood. A lean-agile startup. In many cases will see founders and team members working remotely. Reducing any possible operational overhead costs to a minimum.
Yeah, I definitely missed that part ☺️. I haven't followed remote startups much so there are a quite a few things I'm not aware of. So is remote working "baked" in such companies business model, and costs incurred by it are manageable?
Hi,
I hope not, as I've just launched mine (fiwit.io).
From what I see for the moment, search traffic and online presence seem to have increased in this very difficult period. I hope that with the crisis, people will start thinking about how to reduce costs, leading to increased use of disruptive products (which will help them achieve a better efficiency), and, not become afraid of spending at least a very little of money.
I think that start-ups that are disruptive in any industry or economy get noticed by the right people.
With the current world crisis, funding is bleak. But a lean start-up has more chance in surviving the storm which is yet to come. Adapting a business model is also key at this moment in time. And I don't personally condone companies which make a profit from the suffering or loss of people.
I recently created a start-up, lean, agile and with very limited capital. Just one team member. Well two, Googles search AI. I intend to shift the focus of consumer interest, raise awareness and promote, action and help attain UN sustainability goals.
My reason for this is that I knew I wanted to create the start-up, I revised the product offering once in the very early days of attendance to a business boot camp. And I knew deep inside me that I had a purpose which in time, became clearer and clearer as I found it difficult to decide on the course of a business operational goal. I knew I wanted to make a change in the world. For the better. But how I would do this. That was a challenge in its self.
The world we live in has changed dramatically in the past months. I want to make a change in the world. And make it a better place.
In my opinion, finding VC funding isn't a bigger problem than it was in the past few months just because lots of things are quarantined. The bigger issue to me is if their employees need to work from home, have they prepared the infrastructure for it? They are small startups so they likely did not have time to consider this possibility, and it hit them abruptly all of a sudden at the wrong time. That might make a small hole in their VC money which they will need to compensate for by slashing other areas they could've innovate in to save costs.
Assuming free VPN software, devices for say 10 people amounts to about $10K, two VPS servers or three brings will burn something like $5K. You may also have to cover broadband for video conferencing but that shouldn't be a big deal since you can pay $50/month for each person for an unmetered connection. Do they have this much in cash available to spend?
I think you may have misunderstood. A lean-agile startup. Many cases will see founders and team members working remotely. Reducing any possible operational overhead costs to a minimum.
Regarding hardware three VPS servers wouldn't be needed. Simplicity is in the complexity of the programming provided by technology providers. Resulting in services made available in remote areas.
I am open to discussion if you would like to continue this conversation on the topic.
What did you mean as I may have misunderstood but after you read my reply please get in touch so I can understand.
Thanks for replying, I was trying to say that remote working infrastructure might be a large part of startup's operational costs.
Yeah, I definitely missed that part ☺️. I haven't followed remote startups much so there are a quite a few things I'm not aware of. So is remote working "baked" in such companies business model, and costs incurred by it are manageable?
Well the idea is to reduce operational cost and maximise organic growth.
Hi,
I hope not, as I've just launched mine (fiwit.io).
From what I see for the moment, search traffic and online presence seem to have increased in this very difficult period. I hope that with the crisis, people will start thinking about how to reduce costs, leading to increased use of disruptive products (which will help them achieve a better efficiency), and, not become afraid of spending at least a very little of money.
I had a look at the services you're offering. If they're all based on the cloud. the remote working aspect would be a benefit to you.
Money you money is always spending any kind of I.T operation. Reducing operational overhead is normal.
In these times, everyone needs to spend less because of the uncertainty in the economical markets.