Hertha  Mayer

Hertha Mayer

1596689880

How UX can help a startup get funding faster

Have a tech startup idea? Get funding faster with an MVP. According to Michael Seigal, CEO of Y combinator, the golden rule of starting up is to, “create something bad quickly”. Mr Seigal goes on to emphasize that the first step is to create.

What is an MVP?

MVP stands for Minimum Viable Product which is a concept adopted from the Lean Startup model by Eric Ries. Here, an MVP is a primitive version of your proposed product with minimum marketable features that are released for early-stage customer acquisition, and thereby acquire highly reliable data and customer feedback. One can say, an MVP is built to test the waters. Surprisingly, 42% of startups fail because they miscalculated the product-market fit. Having an MVP will help you perfect the problem statement that you are trying to solve, develop your business plan, and have leverage while seeking funding.

What does an MVP look like?

Since MVPs are created only to test the potential of the product in a real market scenario, it should only have the primary functionalities.The data you gather from MVP customer usage can be used to analyze trends than can be taken advantage of. MVP is NOT a final product. Here are MVPs of some of the famous products we use today:

1. Justin.TV aka Twitch

Twitch is the world’s leading live-streaming service that initially started as Justin.TV which had only one channel- Justin’s. Justin Kan who was one of the founders strapped a camera to his head and let users watch life from his POV on a daily basis which included the shows he watched, the games he played, and pretty much everything else. The team later shut down Justin.TV to fully focus on Twitch which now has 3.8 million streamers as of 2020.

2. Airbnb

When Airbnb released its MVP, it did not have a payment option which meant a guest had to pay the host in person. It is also interesting to note that Airbnb did not have a location map which meant a user had to copy-paste the address to google maps. But what it had is exactly what Airbnb is in its core- an online marketplace to rent out homely spaces for tourists looking for accommodation in that locality.

3. Amazon

Amazon.com is the biggest online marketplace in the world. But it started out as a marketplace to buy books at a cheap price. Jezz Bezos did have the vision for “The Everything Store” as we know it. However, he knew it was not possible to launch all at once as it entails huge risk and investment. So he decided to start with selling books that are easy to buy and is a minimum investment for both users and Amazon itself. We all know what happened next.

How do I make MVP?

This is where founders usually make a mistake and waste lots of money and time. An MVP is made strictly within weeks and not more than that and it carries only a minimum of features. The best way to create an MVP is to hire a UX agency. Once you have basic market research done and identified the problem you are solving, hand over the task of creating an MVP to a UX design agency. A UX agency will undertake user research, competition analysis, prototyping, and usability testing in order to make an MVP. “But why a UX agency exactly? Why can’t a developer in the founding team create this MVP?”. This is a question that gets asked a lot and also gets acted upon, unfortunately. For which, it is interesting to note that the 5th highest reason a startup fails is due to the poor user-friendly interface.

#ux

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How UX can help a startup get funding faster
Hertha  Mayer

Hertha Mayer

1596689880

How UX can help a startup get funding faster

Have a tech startup idea? Get funding faster with an MVP. According to Michael Seigal, CEO of Y combinator, the golden rule of starting up is to, “create something bad quickly”. Mr Seigal goes on to emphasize that the first step is to create.

What is an MVP?

MVP stands for Minimum Viable Product which is a concept adopted from the Lean Startup model by Eric Ries. Here, an MVP is a primitive version of your proposed product with minimum marketable features that are released for early-stage customer acquisition, and thereby acquire highly reliable data and customer feedback. One can say, an MVP is built to test the waters. Surprisingly, 42% of startups fail because they miscalculated the product-market fit. Having an MVP will help you perfect the problem statement that you are trying to solve, develop your business plan, and have leverage while seeking funding.

What does an MVP look like?

Since MVPs are created only to test the potential of the product in a real market scenario, it should only have the primary functionalities.The data you gather from MVP customer usage can be used to analyze trends than can be taken advantage of. MVP is NOT a final product. Here are MVPs of some of the famous products we use today:

1. Justin.TV aka Twitch

Twitch is the world’s leading live-streaming service that initially started as Justin.TV which had only one channel- Justin’s. Justin Kan who was one of the founders strapped a camera to his head and let users watch life from his POV on a daily basis which included the shows he watched, the games he played, and pretty much everything else. The team later shut down Justin.TV to fully focus on Twitch which now has 3.8 million streamers as of 2020.

2. Airbnb

When Airbnb released its MVP, it did not have a payment option which meant a guest had to pay the host in person. It is also interesting to note that Airbnb did not have a location map which meant a user had to copy-paste the address to google maps. But what it had is exactly what Airbnb is in its core- an online marketplace to rent out homely spaces for tourists looking for accommodation in that locality.

3. Amazon

Amazon.com is the biggest online marketplace in the world. But it started out as a marketplace to buy books at a cheap price. Jezz Bezos did have the vision for “The Everything Store” as we know it. However, he knew it was not possible to launch all at once as it entails huge risk and investment. So he decided to start with selling books that are easy to buy and is a minimum investment for both users and Amazon itself. We all know what happened next.

How do I make MVP?

This is where founders usually make a mistake and waste lots of money and time. An MVP is made strictly within weeks and not more than that and it carries only a minimum of features. The best way to create an MVP is to hire a UX agency. Once you have basic market research done and identified the problem you are solving, hand over the task of creating an MVP to a UX design agency. A UX agency will undertake user research, competition analysis, prototyping, and usability testing in order to make an MVP. “But why a UX agency exactly? Why can’t a developer in the founding team create this MVP?”. This is a question that gets asked a lot and also gets acted upon, unfortunately. For which, it is interesting to note that the 5th highest reason a startup fails is due to the poor user-friendly interface.

#ux

Ilene  Jerde

Ilene Jerde

1597132703

How This Cybersecurity Startup Is Using Machine Learning

The COVID pandemic has massively escalated the surge of cyberattacks and data breaches despite having robust security controls, software, and solutions abundantly available in the market. A lot of this could be attributed to the vulnerability businesses offer the cybercriminals to take advantage of the situation quickly. While the conventional cybersecurity approach has benefited many, having cybersecurity without cyber-intelligence and necessary awareness can put the security professionals off-guarded to more complicated and novel threats.

Furthermore, with limited cybersecurity resources, businesses need to prioritise their efforts to strengthen cyber posture effectively; however, many organisations do not have an anchor point or a guiding principle, to begin with. With cyber-intelligence inputs missing from cybersecurity capabilities like incident management, vulnerability management, risk assessment and brand monitoring, businesses end up running their security practice in silos instead of an integrated approach.

And, thus, in an attempt to revolutionise the cyber threat visibility and intelligence market, CYFIRMA, a cyber analytics startup assists businesses to understand the relevance of the current threat landscape. Not only it provides insights on threat actors and indicators, emerging threats and digital risks, but also automatically applies intelligence into cyber posture management. To dig deeper, Analytics India Magazine got in touch with the chairman and CEO of the company, Kumar Ritesh, to understand how the company uses a predictive intelligence-driven approach to discover cyber threats.

#startups #cyber security startup india #cybersecurity startup #machine learning #startup #startups

UI/UX Design & Development Company | UI/UX Design Services

UI/UX Design & Development Company

The main factor that defines the success of any mobile app or website is the UI/UX of that app. The UI/UX is responsible for app elegance and ease of use of the app or website.

Want a unique UI/UX designer for an app or website development?

WebClues Infotech has the best UI/UX developers as they have a good experience of developing more than 950+ designs for the customers of WebClues Infotech. With a flexible price structure based on customer requirements, WebClues Infotech is one of the efficient and flexible UI/UX developers.

Want to know more about our UI/UX design services?

Visit: https://www.webcluesinfotech.com/ui-ux-development-company/

Share your requirements https://www.webcluesinfotech.com/contact-us/

View Portfolio https://www.webcluesinfotech.com/portfolio/

#ui/ux design & development company #ui/ux design services #ui ux design company #ui/ux development services #hire ui/ux designers #hire dedicated ui/ux designer

Hollie  Ratke

Hollie Ratke

1600527600

The Novice's Guide To Side-Hustles

I don’t know about you but in my view, work culture seems to have taken a 360- degree turn since the time I got into the workforce in 2012. For years before that, I saw people stay in the same job for years.

They often left their comfort zones and hometowns to immigrate to new cities and countries in search of that one perfect opportunity — in which they then stayed all the way till retirement. Say for my father and many other relatives who stayed in the same job for more than 20 years.

Nothing wrong with that however the times have changed since then. In recent times people have started changing jobs more frequently owing to COVID more and more people, as well as, companies are looking for gig workers and contractors.

#startup-lessons #side-hustle #startup-advice #web-monetization #startup #startups #startups-top-story #entrepreneurship

Max Willor

Max Willor

1596170547

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