Should I accpet a job offer for half of my previous salary for a growing startup?

I just received a job offer from a growing startup that recently got another round of investment and got an evaluation of 1.5 Mil. I will be their 6th of 7th hire and they are planning to add about 50 more people in their new office although I noticed a high turnover rate for their previous employees (most of them were interns)

I have been out of a job for almost 3 weeks now and due to covid-19 I am afraid that I might not find another job. I do have some savings that could lasts me more months but I am just scared to use it and my partner is unemployed right now.

The job will only cover our Bills, rent,utilities and food for one person.The position has a lot of room for me to leave a good print and participate effectively in the development of the business, but my question is for that part will it be worth it?

Also I am developing my own startup on the side and building my own website and will be launching it for test in the next few weeks.

My experience is 4 years and I spent it with 4 companies including 1 year with a failed startup that I founded early days in my career. So what i do mostly is in business development/sales and also very small side projects for companies and people who approach me for work( they usually ask me to do it for free and I started to refuse it).

I don't like feeling undervalued because I am a hard worker and I am afraid if I accept that I will be starting all over again for my salary. I am just trying to seek hope that working in this position will benefit me on the long run.what you guys think?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

The Growing Importance Of Data Privacy & Its Value To Businesses

Data privacy is a bigger issue now than ever before for both companies and consumers, as a hacker attack occurs once every 39 seconds. A lot of private information is stored online and in the company’s databases, so a data breach can lead to serious issues for consumers and businesses alike.

Data is a vital asset for any business, so the privacy of data needs to be taken seriously. If you want to learn about it in a broader sense, Prolifics explains it in great detail.

But for now, let’s focus on the value and the growing importance that data has for your business.

Why Is Data Privacy So Important For Your Business?

Without proper protocols in place, your business probably wouldn’t be able to survive for long. There are many reasons why data privacy should be a concern for all businesses and why its importance is so great. However, the four reasons listed below stand above the rest.

1. Preventing Data Breaches

With the threat of data breaches rising every day, organizations need to have strong security safeguards in place. The main goal is to protect customers’ personal data. As soon as you have those safeguards, the chances of security incidents that lead to data breaches will decrease significantly.

2. Complying With Regulations

Organizations that don’t have a way to ensure privacy protections aren’t just irresponsible, they also break the law. There are requirements that state organizations that fail to comply with laws and regulations regarding data privacy may face monetary fines as high as tens of millions of dollars. Furthermore, non-compliance with these laws can result in up to 20-year penalties.

3. Supporting Ethics

Most organizations follow an established code of ethics, and even if they don’t, they have to follow certain ethical practices if they want their business to succeed. One of these ethical policies usually states that all confidential information a customer has shared with the company needs to be handled responsibly. This means that this information can only be used for business purposes and must never be used in a way that might harm the customer.

4. Maintaining Customer Loyalty

Customers want to know their personal information is safe and that companies do everything to keep their data private. A large number of customers will stop doing business with a company in the case of a significant personal data leak and they will simply switch to a competitor.

How To Solve Challenges Created By Data Privacy Regulations

Data privacy regulations come with some challenges. While they can sometimes be hard to deal with, all you need to do is learn how to approach this issue.

Implementing Data Privacy

Data privacy touches on multiple parts of every business. Unfortunately, most companies tack data privacy to their IT security plan and think that’s enough, but it certainly isn’t. This shows that you only see data privacy as an afterthought and don’t take it seriously enough.

To implement data privacy the right way, it needs to be at the center of your data strategy and all staff members need to be trained in it.

Find A Way To Manage Access Control

A large number of data privacy breaches are caused by access control that wasn’t properly managed within a company. Keep in mind that technology isn’t the only thing you need to worry about, people and processes also matter.

Unfortunately, human employees can pose a threat to data privacy, especially within an organization that has a lot of employees, as this makes it harder to manage user access. To solve this issue, you need to have strong data governance processes as well as good data architecture.

Don’t Store More Data Than Necessary

When big data first appeared, there was a lot of hype surrounding it and many organizations believed that because they can store a lot of data, they should collect as much data as possible. However, when you think about the implications this could have, you’ll realize why this is a bad idea.

Don’t keep data just for the sake of keeping it because this broadens the surfaces hackers can target and steal data from. Instead, make a good balance between the value of collecting and storing large quantities of data on one hand and meeting compliance and security regulations on the other.

Learn To Differentiate Between Types Of Data

Not all data is created equal and some types of it need to have better security than others. You need to discover and classify all data so you can be sure where it’s located and how sensitive it is. This will allow you to treat all data uniquely.

Manage Data On All Devices

There are a lot of factors you need to consider that can make data privacy harder to control. One of those things is multiple types of devices, especially in organizations where employees are allowed to bring their own devices to work.

If you have this kind of policy, either re-think it or make sure that all devices employees use comply with data privacy regulations.

Wrap-Up

Data privacy has been an ongoing issue for years, and it will continue to cause problems for organizations that don’t take it seriously enough. However, if you carefully consider everything you just read, you can ensure that your organization is safe, trustworthy, and follows all regulations.

 

 

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StartUs Magazine

What crisis? Mollie, Kinder, Ginger and Payaut prove why fintech is Amsterdam’s growing industry

Kinder ceo Mathys van Abbe

Fintech in Amsterdam is alive and kicking. In a recent report, Dealroom calculated there are over 8,250 fintech jobs in the city. The industry added 2,000 jobs in the last three years, making it Amsterdam’s top producer of new jobs. Startups Mollie, Kinder, Ginger and Payaut prove that growth is not just a number in a report. Over the past weeks they’ve announced expansions, partnerships and rapid growth. 

Mollie: strengthening the executive team

Amsterdam-based online payment service Mollie announced they’ve expanded their executive team with a whole slew of experienced people. Marco Dos Santos trades in his executive position at Booking.com for the role of CTO at Mollie. Miriam van Dongen (chairwoman Audit and Risk Committee) and Koen Köpen (CTO at Klarna) join the supervisory board, while Daniel Ropers (previously CEO at webshop Bol.com) joins in a role as strategic advisor. 

In the same press release, the fintech also announces the addition of Ken Serdons. He previously worked in the financial industry as executive for Worldpay and Paymentsense, but now takes that experience to Mollie as the new CCO. The attentive Silicon Canals reader will notice he has been around for at least 11 months. “It’s only now that we found the time to announce it officially,” Serdons says. 

Not the biggest; ‘the most loved’

The past couple of months have been hectic for the payment service provider (PSP). With COVID-19 locking the country down, online payments skyrocketed in both volume and users. Serdons: “The vast majority of the COVID impact has stuck as most merchants that started trading online are still doing so and consumers behaviour has changed. We have gained significant progress on the trend from offline to online which was happening already. Covid has accelerated that trend.” He does stress Mollie was growing rapidly regardless of COVID-19, booking a 120 percent YoY growth.

Read also: Amsterdam-based fintech startup Mollie raises €25M in the first-ever funding round, plans international expansion

Mollie is not only looking to add new executives. Their rapid expansion leaves them looking for qualified employees on every level of the organization. “At the moment we have 280 professionals working for Mollie. But yes, we are looking for a lot more people in all areas of the business: commerce, marketing, risk, finance, customer support etcetera. We hired over fifty people during the COVID period, all virtually and keep hiring to support our growth plans.” The ultimate plan for Mollie right now is to become the ‘most loved’ PSP in Europe, says Serdons. “Germany is going really well. We are ready to expand into other markets in the EU.”

image: Mollie team in Amsterdam (credit: Mollie)

Kinder: COVID-19 Appeal with Rabobank

More fintech news came from tech-for-good startup Kinder. They announced a partnership with Rabobank Charity Management for their COVID-19 Appeal. Rabobank Charity Management is the first banking Charity Desk in the Netherlands specialising in supporting account holders with investable assets of at least €1million. Asset managers distribute funds in the COVID-19 Appeal on behalf of Rabobank’s Charity Desk, and do so based on the vetting of charities Kinder has specialized in. 

Kinder is the tech-for-good startup founded by serial entrepreneur Mathys van Abbe. As the name probably reveals, the original idea was to make a Tinder-style app for charities. It quickly evolved in a platform that both serves as a quality mark, knowledge platform and tech stack for charities. Their COVID-19 Appeal allows philanthropists to donate to a general cause, rather than one organisation. Kinder’s vetting framework ensures the donation ends up at the good causes that qualify as ‘the best of the best’. 

‘More consumer facing products to come’

“The model of appeals work”, says Van Abbe. “Charities hear about it and want to be part of it, also because Rabobank is involved. For instance, two days after launching the COVID-19 appeal, we got a call from UNICEF about joining as well.” Van Abbe sees a lot more of these appeals in the future, also in conjunction with familiar brands such as Rabobank. “Our data is the foundation for these big names to get involved. And at the same time having these A-brands on board confirms that our data is valuable.” 

Even though COVID-19 slowed things down a bit, as Van Abbe says the willingness to donate has dipped during the crisis. Nevertheless, there are big plans for Kinder: “We want to launch more consumer facing products at the end of this year. Not only similar appeals for different causes, but also intuitive ways for people to set up fundraisers or to easily save up spare change to donate to causes. Kinder is also looking to expand its network, from the over 2000 charities it has currently vetted. This would also mean an expansion of the team. Van Abbe: “We currently have about 10 FTE working from TNW Spaces in Amsterdam. And one from oman. Ideally this would grow to 20 FTE, with little satellites in different countries where we are operating.”

Ginger: Big new client, ongoing expansion

Ginger from Amsterdam announced a big new client. The Payment as a Service startup partners with EMS, a European omnichannel payments specialist and joint-venture between First Data and ABN Amro. Since 2014, Ginger offers a modular payment platform that helps global banks and financial institutions to offer local online payment solutions to their merchants worldwide. ING Bank, Kabbage, Mastercard, and Payconiq were already using Ginger’s technology. 

According to Gingers managing director Tom van Wees, Ginger is not done adding new clients. After expanding to the US last year, they have more plans there: “Our US expansion is progressing well, we are in advanced discussions with a few tier-1 banks there and aim to announce a large new client before the end of the year. Unfortunately, I cannot disclose any names yet, as this is not public yet.” Even though the sales efforts slowed down a bit, Wees says these banks start to see the added value of offering a smooth eCommerce solution to their SMB clients. “Next to that, we are setting up partnerships with local Fintechs to better serve those clients with US specific needs, such as Underwriting and Automated Onboarding. A new partnership announcement will follow in the coming weeks.” 

Stay up-to-date: Read all our COVID-19 coverage here

Ginger’s core team currently consists of 8 FTE. Van Wees: “They are mainly focused on the development of the platform and international growth of our client base. We also have a flexible  layer freelance developers that have been working with us for years. We planned to open an office in New York this year, but we have delayed this for a while to see how the current situation unfolds in the US. The past months have also shown us that virtual meetings are working well in the meantime. However, we like to be close to our clients, so the plan to open an office there in the long term is still on.” 

Payaut: Payment innovation for marketplaces

New kid on the block is Payaut, which recently launched their automated payment solution for online marketplaces. Payaut ensures that money flowing through these marketplaces ends up with the right sellers or companies with SplitPayments. Under the new PSD2 regulations, these marketplaces would have to get licensed as a financial institution. A costly, complicated process only the largest online marketplaces will be able to complete. 

By partnering with Payaut, these online platforms can fully comply with PSD2, without being locked in with only one PSP. “Numerous online marketplaces in The Netherlands received a letter from DNB regarding non-compliance with the new European PSD2 guidelines,” says Ernst van Niekerk, CEO of Payaut. “It was quite an unwelcome surprise. Now they have to obtain a license as a Payment Institute, a route that’s nearly impossible for many of them. But it’s either that or they have to pick and choose only a single PSP to manage their payment flow. To be locked in with one PSP really limits their scalability.” 

Payaut started in 2019 but their experienced team of founders manages to make waves. Van Niekerk worked as product manager at Adyen. Co-founder Pieter de Haas specialized in e-commerce and online marketplaces at large multinationals such as Proctor & Gamble. No wonder they managed to raise a hefty sum of €1 million in pre-seed with Finch Capital and LocalGlobe. According to Payaut, they are already in talks with investors for a large seed-round. Keep an eye on them.

This article is produced in a collaboration with StartupAmsterdam. Read more about our partnering opportunities.

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Startups – Silicon Canals

Suite101.com once one of the fastest growing sites – Closes at $35,501 Sunday

 TLDInvestors.com: Sunday was a hot day with excessive heat warnings in place. Things were heated at GoDaddy as well for Suite101.com. Suite101 was a collaborative publishing site based in Vancouver, British Columbia, Canada. It formerly generated revenue from advertisements and shared that revenue with contributors; but effective November 1, 2013, tha…
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Tips on growing a classified website(new business owner)

My website has been active for a week now and currently we have 12 new users but no payments(gotta start somewhere)I tried Instagram ads and after spending around $ 20 it only seemed to get me 2 website visits and 30 post likes. My website is focused in the automotive category and has more features and cheaper promotion options then my competitors. Anyone have tips on how to grow my website(maybe things that have worked for them). This would mean a lot. I’m putting about 20 hours a day into networking and trying to grow the business. I’m enjoying my journey but need some help thanks.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

How For You To Use Home Successfully – Growing Your Income Continuously

Imagine having the capacity to discover a really wonderful home based business. Imagine being able to focus only on that business also stop wasting your time and cash trying out every new “opportunity” that sounds superior. Imagine starting your own PERFECT online business and becoming successful involved.

Work-at-home moms have you prioritized themselves, family members and their career above anything also. Kids desire to always be around their mothers and do not care in case the laundry carried out or genuinely. It is thus important collection priorities publicize children feel like they are loved. For example, in cases where a child is inside a school play, the mother can with regard to him or her while her husband cooks dinner. The husband and kids can also help in preparing meals likewise this shall function as a family bonding activity. In the event the mother gives her full attention to her family, they would depart her alone when the time is right for her to occupation.

Be clear with others that your work at home job is still a job, and you happen to be working during certain lots of. It is especially important which tell friends that call or frequently visit about larger work regime. If they arrive during function hours, get them go in some other places in dwelling and read a magazine or watch television until it is your break occasion.

The benefits associated with nay particular job the actual main centers of attraction as as to if one perform or not. With that, it is vital that you ensure that you might be aware among the benefits that are included in the online job. Check to see that it suits the life-style you want and that running barefoot does not limit your organization.

So help to make it work from home work meant my partner and i had to essentially step up and take charge of lifestyle. The factor about it was, every second I spent working means I become to earn more. Made a real eye opener for us all. Earning from home took frequently of work – when someone does!

Yes, pregnancy poses some challenges and limitations having said that clearly has no effect on your ability to think or speak. Have you skilled having a foreign dialect? Do you have excellent communication skills? Concerning sales and marketing skill sets?

Focus on the niche where demand is well-built to ensure the profitability of your home business. Look for a market with products that sell well and pay well. Which mind if the need for the product is high, greater for your small.

Knowledgeable with regards to a particular weight reduction product features worked for you, can certainly possibly promote that product because an individual a living testimonial. Love this particular seeing real results. And the cool part about moment has come that you’ve invested in the product to get results for you, and then you can sell yourself help to make some you cash as power for not professional work from their home. AND you don’t desire a garage or spare room to boxes and boxes or freight. All you do is promote the product, and owner deals with all the current shipping and customer option. People all over the world are this approach and cash from real estate.

How To Work From Home Successfully – Growing Your Income Continuously

There is definitely not wrong with taking note what there’s a passion for or a great gift for marketing; however, avoid getting stuck on promoting what suits your fancy. Best home businesses have learned to find hot providers market them as long as they remain extremely hot.

Be bendable. Although you have a home job, your clients may wear a different time area. Their sleep times may be your waking a lot of. Try to be flexible with your schedule for you to have direct contact jointly with your clients as required. Flexibility is that one customer perk might land you more work and great referrals. For time management, you may need to shift some duties around. Pick the ones that can be practiced at almost any hour, because building your grocery list, doing laundry or light cleaning.

Everyone hard always be passionate and promote something that you don’t think is of excellent quality. Precisely why there is such a high failure rate of first-time home business people. They really aren’t passion in regards to what they are promoting.

It’s pretty common for all those who internet marketing to find that they wind up with more distractions than they’d expected. Do you have pets that need attending? Even though they spent the day by themselves when had been working, you will find yourself surprised observe how so much more attention they believe that they need just because you’re asset.

If tend to be in your property where you share the boss responsibilities more evenly then you will find until this is starting type of relationship commence a clients. Under these relationship conditions, people start a home business Idea believing that it are usually easier we have to attain that the opposite boss may have expectations of equality look more evenly shared amount of responsibilities.

There a number of legitimate companies that will hire you to work from home products and solutions have the top experience. Every person cheaper regarding any company to engage as haven’t got the time who will work from home as they possibly could. They do have never to pay for the usual costs that her company should pay in order for their business with regard to successful. Hiring workers who telecommute perform will reduce building, internet, power, and insurance costs for firm. You could easily get hired by one among the companies are actually hiring if are prepared to look their own behalf online.

If well-liked all a novice to you, top-tier programs can business opportunity, not a part. Businesses require an capital spent. If you’re desirous about your in order to work at home, you’re to can accept this, because that which you find online that promises no investment is going to take regarding time and pay out very, less. Often times you’ll work for as little as .50 to .75 per minute. You would never accept organization that paid that, so don’t work at home for that.

This company employs keep at home workers to generate from home while taking sales and customer service calls from their clients. The employees are paid on an hourly basis and around per per hour. Following an application for along with this company, the applicants are to be able to pay an identification check fee of .

Specific tips for growing your startup from a CMO

Hey Reddit! I’ve been part of this community for a while on various accounts and it’s helped me tremendously in some of the roles I’ve held so I wanted to give back. A bit about me – I’m currently the CMO of a small Cybersecurity SaaS company. I helped take my last company to acquisition and have been in the tech marketing space for about five years. I’ve learned a lot along the way that I wanted to pass on to new SaaS startups. Here are 7 things I learned along the way (both in terms of marketing and sales) that may help you launch your company.

Figure out where your target audience lives and approach them there. This one probably seems obvious but out of the box thinking can make a huge difference. My second company was working on starting an IT Service Provider Channel Program and was spending gazillions of dollars on Google Ads, SDR’s to cold call, and LinkedIn Ads (it was like $ 225 per lead). I found a subreddit devoted to MSP’s, started advertising there, and our cost per lead went from $ 200 to under $ 30 overnight. Test everything. Sometimes a small idea can dramatically change the dynamics of your business.

Don’t just spam out social media content. Engage with actual people. Having Hootsuite blasting content every 3 hours just so you can check the “social media” box does nothing for your company and wastes your time. Find the influencers who your customers listen to and reach out, write blog posts and quote people in your industry. Find Facebook groups where your potential customers live and go engage with them and answer questions.

Begin a content marketing strategy before you even launch. This is a big one. When I helped to start my first company, I really knew nothing at all about content marketing. On my second business I made a concerted push to publish extremely high quality, useful content and it’s paid off. It’s a huge, if not the biggest opportunity for you to grow an organic customer base that keeps coming in even after. However, it takes time for it to grow, think of it as compound interest so starting early is critical to growth. It can take anyway from 1-3 months for a stellar piece of content to end up on the front page and you’ll need a lot of them. Content should be a mix of evergreen content, more on that here (full disclosure that is my blog) and trending content.

Hire a freelancer not an agency. This advice is not in my best interest since I’m working on starting an agency, but I’ve found over and over again that freelancers performed far better than agencies. Agencies tended to double the cost associated with any project, be far less available, and generally did a poor job.

Don’t pay for press releases. Seriously. I’ve been forced to do a press release 5 or 6 times at this point and so far, not a single one has resulted in business. Instead build an email list of reporters who cover your particular industry and create a press kit. Reach out to the biggest ones first a few days before you launch then email the rest of them. Make sure the emails are personalized. You’re saving an enormous amount of money, and hopefully you’ll be able to build some relationships with reporters. Most reporters are happy to post prewritten content, it saves them time and effort.

USE A CRM. This should be common knowledge but surprisingly many people try to track their relationships with google sheets and other sources. There are several free ones out there and several freemium ones as well.

Focus your money wisely. There is an enormous amount of free or freemium software out there you can use to avoid paying. For instance, for the marketing company I’m working on I’ve focused my resources towards building a stunning website, creating high quality content, and providing an excellent customer experience. The CRM I’m using, my accounting software, business banking, project management software, and email software is all entirely free. (If anyone wants recommendations on those PM me and I’m happy to point you in the right direction).

If anyone has any questions/comments/criticism I’m more than happy to answer them. I know for many people this will all be very redundant and obvious but hopefully it helps some too.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

London-based SLAMcore raises €4.4 million to meet growing demand for robotics

Today UK startup SLAMcore, which is developing spatial AI algorithms for robots and drones, has secured €4.4 million in a funding round led by Octopus Ventures and MMC Ventures, with participation from Amadeus Capital Partners. 

The funding will allow SLAMcore to meet the increasing demand of the robotics market, which has seen demand skyrocket due to COVID-19. This has occurred particularly in drone, robots and AR/VR usage, as effective robotics solutions that can support the challenges of the ‘new normal’ from staff shortages and social distancing rules in healthcare, to manufacturing and supply chains. Ground robots are already being used throughout China to spray disinfectant in hospitals and trains, and to allow doctors to test patients for COVID without any physical contact. 

However, large-scale roll-out of robots is still limited despite high demand, as companies struggle to overcome the number one cause of robotic failure: lack of spatial understanding. Robots and drones require spatial intelligence, including the ability to accurately calculate their position, understand unfamiliar surroundings, and navigate with consistent reliability. SLAMcore offers Spatial AI solutions designed to easily integrate into existing platforms, allowing robotics companies to concentrate on delivering value to the end customer.

The new funding will specifically speed up the availability of SLAMcore’s solutions, including its recently announced SDK product, a toolkit that gives developers everything they need to build, test and deploy solutions using SLAMcore algorithms and low-cost, easily available off-the-shelf sensors. 

Owen Nicholson, CEO at SLAMcore, commented: “Even before the crisis, SLAMcore was engaged in many conversations with companies – big and small – who needed a better way to solve spatial intelligence issues in robotics. Especially across sectors such as drones, robots, and AR/VR, the coronavirus pandemic has lit the touch-paper and we are primed to meet exploding demand. In the past few weeks alone, we have seen a huge spike in enquiries as robotics companies want fast solutions to get their robots to market sooner.”

Mina Samaan, Principal at MMC Ventures, commented: “We are very excited by the advancements in next generation software platforms used to drive the future of robotics. The ability to locate and map in real-time is still unsolved in the vast majority of autonomous designs. Therefore, affordable SLAM delivered as-a-service at scale is fundamental to unlocking the adoption of self-driving robots across all indoor and outdoor applications including agriculture, warehousing and last-mile delivery.”

Zoe Chambers, Principal at Octopus Ventures, commented: “In a post-pandemic world, where contactless and hygienic interactions are vital, demand for robotic solutions will only increase. Whether they’re moving around warehouses, delivering food, disinfecting hospitals or operating as security guards, robots will be interacting with multiple dynamic environments and even with humans. This means that their ability to move autonomously is absolutely fundamental. SLAMcore’s solution lies at the heart of this by giving robots spatial intelligence and we are excited to continue to back the business as the market accelerates.”

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