White Castle’s “Crave Clutch” won’t arrive with the matching #domain

 DomainGang.com: White Castle is adjusting to the pandemic’s changes in food consumption and packaging, rolling out the Crave Clutch. The Crave Clutch(tm) box contains 20 sliders and four small fries and costs $ 20 in most White Castle locations. It’s the first time the 99-year-old hamburger chain has introduced new packaging in 16 years. …
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[DailyPay in New York Post] Virtual classrooms in 2020 means working parents won’t catch a break

Employers can make small changes to make life easier. DailyPay, a financial technology company near Wall Street, takes it as a given that not everyone will be available for meetings during the workday, so they record them.

Read more here.

The post [DailyPay in New York Post] Virtual classrooms in 2020 means working parents won’t catch a break appeared first on OurCrowd Blog.

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Why Won’t An Investor Invest In Your Startup?


why won't an investor invest in your startup

While TV shows portray the startup investments to be fun and games, it’s the total opposite in reality. Sometimes, scoring an investment proves out to be more difficult than actually starting up. And often, not being able to score an investment ends up a startup.

Statistically speaking, only 0.91% of the startups get their funding from angel investors, and only 0.05% succeed in getting Venture Capital funding.

But what makes it so hard for startups to get investments? What do these startups or entrepreneurs lack?

Well, here are 13 reasons explaining why investors won’t invest in your startup.


Your Company Doesn’t Match Their Portfolio Or Interests

If you don’t already know, let me break this to you – investors won’t usually invest in a startup they can’t associate themselves with.

Most of the time, founders fail to even get meetings with the investors just because of the same reason.

Angel investors have their interest segments, and venture capitalist firms have their portfolios. You need to make sure you’re approaching the right investor who’ll be interested in the niche you operate in.

You go for investors who – 

  • Have invested in a startup of a similar niche before.
  • Belong to a similar niche or has some experience in the same.
  • Have profited from previous investment in a startup of a similar niche.

You may try not to spend much time on wooing investors who – 

  • Got burned by a previous investment in a startup of a similar niche.
  • Doesn’t belong or have experience in the identical niche, or
  • Hasn’t investment in a similar niche


You Have Come For An Investment A Bit Too Early

A usual startup witness six stages in its lifetime –

  1. Ideation
  2. Testing
  3. Traction
  4. Refinement
  5. Scaling
  6. Establishment

Every stage witnesses its own type of investor –

  • Family and friends at the ideation stage
  • Credit or crowdfunding during the testing stage
  • Angel investors during traction and refinement
  • Venture capitalists during scaling
  • Corporates when established.

If you reach out to big investors during your startup’s initial stages (without any traction), chances are that they’ll turn you down.


Your Numbers Aren’t Enough

Sometimes, the investors’ expectations are different from the actual business numbers, which results in them turn down the deal.

Sometime, this happens because the businesses choose the wrong investor to pitch to. Suppose your startup has a worth of $ 1M. Now, this may seem huge. But for a venture capital fund of $ 1 billion, it may be too small for an investment.

Another reason could be them weighing the years of your existing with the traction you’ve received. If you’re asking $ 1M for 3 years old business that has just witnessed 30k transaction in 3 years. You could be turned down because your numbers don’t back up your valuation and

The Cash Flow Is A Problem

Not all startups witness a positive cash flow in the beginning. However, investors do look for proper planning, management, organisation, and a road-map to convert the negative cash flow to positive.

Why, you ask?

Because 82% of the businesses that fail cite poor cash management as a factor behind their failure.

You could have a company with a revenue of $ 10M, but maybe your business model is such that your company can’t get cash flow positive until you reach $ 200M in revenue. This will require a lot of money, faith, and risk for an investor to carry you which (s)he might not be ready to take.


There’s No Barrier To Entry

Investors do look for a unique selling proposition – an idea or an execution that is proprietary. They prefer patents, exclusive contracts, and other barriers to entry.

Investors look for long term benefits. If they invest in a business, they look for whether the company has the potential to remain the leader or a major market-share-holder for a long term till their exit.


They Have Already Invested In A Similar Business

It’s rare for an investor to invest in two similar businesses in the same segment. If you own a T-shirt retail company and approach an investor who has invested in a similar company. There are high chances that (s)he’ll say no – precisely because (s)he’s backing your competitor already.

They Don’t See Transparency In The Pitch

Startup investors invest in the eligibility, motivation, and the honesty of the team. If they feel that you’re hiding vital information or misreporting stats relating to –

  • Manufacturing
  • Marketing
  • Finance
  • Team experience
  • Competition
  • Existing traction and numbers

They Don’t Feel That You Know Your Key Performance Indicators (KPIs)

The investors look for founders who truly understand their businesses’ financials and key metrics that demonstrate how effectively their company is achieving key business objectives. You might find it hard to get investment if you don’t understand your top priorities and critical metrics that represent those priorities.

Investors may turn down your offer if they don’t get substantial evidence of you understanding your KPIs and providing insights on your plans to improve them.


Your TAM Is Too Small

The total addressable market denotes the maximum growth opportunity for a startup. While many founders try to scale down TAM to make it less ambiguous, many scales it down to a level that the market looks to be too small to start a business in.

If the investor believes that your TAM is too small for his investment to produce fruitful results, he might turn down the offer.

You Don’t Have A Deep Understanding Of Your Competition

“How are you different from XYZ.”

“I’ve seen a similar company operating in your niche. Why are you special?”

These and other similar questions often come into play during the pitch. If the investors aren’t convinced with your competitive advantage, differentiated value proposition, and unique product-market fit, they might turn your offer down.

You Don’t Have Skill, Education, Or Experience To Back Your Idea Up

Investors look for a team with proven skill, education, or experience to back their idea up. If you’re an entrepreneur with a proven history of a successful startup before, you might get preference over other entrepreneurs with no such experience.

Moreover, investors also prefer if you select your team based on their qualification and experience rather than their relationship with you.


You Don’t Have The Right Business Model Or Business Plan

A business plan explains your vision and goals and how you plan to achieve those goals – all expressed quantitatively. A business model, on the other hand, is how you operate and make money.

If any of these fails to impress the investors, they may reject your fundraising proposal.


They Think That You’re Uncoachable

Most investors invest as they see the value they can provide to the startup. If they believe that you are too adamant about changing or are being uncoachable, they may turn down your offer.

They predict this during your pitch. If you don’t listen to what they have to say during your pitch, they might feel that you won’t listen to them afterwards as well.

Go On, Tell Us What You Think!

Did we miss something?  Come on! Tell us what you think about our article on Why Won’t An Investor Invest In Your Startup? in the comments section.


Feedough

4 Days from delivery to our first paying customer we realise software solution won’t Scale or Work…

Hi, we are 4 days from delivering our software to our first paying customer.

Yesterday we realised that the software we have developed isn't goint to work when we apply it to real life problems and wont scale for the forseeable future. Our customer probably won't find out for the first week, but after that they will def. know.

How would you deal with this situation?

How should we approach this problem as a Team?

All tips or help is much appriciated <3

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

Judge won’t set aside TRO in Calculator.com case

Domain will continue to point to original owner’s website.

Screenshot of Calculator.com

For now, Calculator.com resolves to the original owner’s website.

The judge overseeing a lawsuit for Calculator.com has ruled (pdf) that she won’t set aside a Temporary Restraining Order (TRO) that effectively transferred the domain back to the original owner.

Judge Beth Bloom denied Stands4’s request to set aside the TRO. She approved the TRO last week after the original owner of Calculator.com filed a lawsuit saying the domain was stolen.

Here’s the story:

Stands4 says it bought the Calculator.com domain name last month for $ 180,000 and then spent $ 50,000 launching a website on it. But the lawsuit alleges the domain name was stolen and that Stands4 might have bought a “hot” domain name.

A purported thief tried to sell the domain on Sedo in 2018, but the buyer canceled the sale after trying to verify ownership.

According to the lawsuit, the thief impersonated the domain owner in 2018 and used false documents to trick Network Solutions into transferring the domain name to him or her. Network Solutions apparently moved the domain back into the correct account but did not revert the contact information to the original owner, so the alleged thief was able to transfer the domain to GoDaddy this year.

The effect of the judge’s decision means that the domain name will point to the Plaintiff’s website not Stand4’s website, for now.

 

Post link: Judge won’t set aside TRO in Calculator.com case

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Google acquires smart glasses company North, whose Focals 2.0 won’t ship

Google confirmed today via blog post that it has acquired Canadian smart glasses company North, which began life as human interface hardware startup Thalmic Labs in 2012. The company didn’t reveal any details about the acquisition, which was first reported to be happening by The Globe and Mail, last week. The blog post is authored by Google’s SVP of Devices & Services Rick Osterloh, which cites North’s “strong technology foundation” as a key driver behind the deal.

Osterloh also emphasizes Google’s existing work in building “ambient computing,” which is to say computing that fades into the background of a user’s life, as the strategic reasoning behind the acquisition. North will join Google’s existing team in the Kitchener-Waterloo area, where North is already based, and it will aid with the company’s “hardware efforts and ambient computing future,” according to Osterloh.

In a separate blog post, North’s co-founders Stephen Lake, Matthew Bailey and Aaron Grant discuss their perspective on the acquisition. They say the deal makes sense because it will help “significantly advance our shared vision,” but go on to note that this will mean winding down support for Focals 1.0, the first-generation smart glasses product that North released last year, and cancelling any plans to ship Focals 2.0, the second-generation version that the company had been teasing and preparing to release over the last several months.

Focals received significant media attention following their release, and provided the most consumer-friendly wearable-glasses-computing-interface ever launched. They closely resembled regular optical glasses, albeit with larger arms to house the active computing components, and projected a transparent display overlay onto one frame which showed things like messages and navigation directions.

Around the Focals 1.0 debut, North co-founder and CEO Stephen Lake told me that the company had originally begun developing its debut product, the Myo gesture control armband, to create a way to interact naturally with the ambient smart computing platforms of the future. Myo read electrical pulses generated by the body when you move your arm, and translated that into computer input. After realizing that devices it was designed to work with, including VR headsets and wearable computers like Google Glass, weren’t far enough along for its novel control paradigm to take off, they shifted to addressing the root of the problem with Focals.

Focals had some major limitations, however, including initially requiring that anyone wanting to purchase them go into a physical location for fitting, and then return for adjustments once they were ready. They were also quite expensive, and didn’t support the full range of prescriptions needed by many existing glasses-wearers. Software limitations, including limited access to Apple’s iMessage platform, also hampered the experience for Apple mobile device users.

North (and Myo before it) always employed talented and remarkable mechanical electronics engineers sourced from the nearby University of Waterloo, but its ideas typically failed to attract the kind of consumer interest that would’ve been required for sustained independent operation. The company had raised nearly $ 200 million in funding since its founding; as mentioned, no word on the total amount Google paid, but it doesn’t seem likely to have been a blockbuster exit.

In an email to North customers, the company also said it would be refunding the full amount paid for any Focals purchases — likely to defray any complaints about the end of software support, which occurs relatively soon, on July 31, 2020.

Startups – TechCrunch

You won’t need a password for ICANN 68 after all

 DomainIncite.com: ICANN has ditched plans to require all ICANN 68 participants to enter a password whenever they enter one of the Zoom sessions at the meeting next week. The org said today that it will use URLs with embedded passwords, removing the need for user input, after reviewing changes Zoom made last month. These included features […] Re…
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[Arbe Robotics in CTech] Carmakers Won’t be the Ones Steering the Development of Driverless Vehicles

Israeli startup Arbe Robotics is making autonomous driving a reality while also increasing safety in all cars in the meantime

Read more here.

The post [Arbe Robotics in CTech] Carmakers Won’t be the Ones Steering the Development of Driverless Vehicles appeared first on OurCrowd.

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I’m afraid that if I make my service subscription based, customers won’t come

So, I'm planning to build this website which provides a certain service to the users. I initially wanted to make it only add based but soon realized that this won't provide me with enough revenue. Now I'm thinking about charging each customer $ 5/month, but I'm afraid that if I do so, they won't be willing to pay. When I for example see a paid service I often choose not to use it not because of the fact that the price is too high but because of the fact that I have to pay (idk if this makes sense). How would you deal with that?

Thanks

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