Access to the most vital funds for early stage startups

Angel funds are the most vital funds for any startup. It does not only help in validating the idea and prevents the early startup death, but also brings in the valuable mentoring to the table. Having the first right angel investor to back you in your startup journey sets the tone for more investments to come for the startup’s growth. At the high-risk stage (early stage), angel investors on board help sail through the ups and downs of the entrepreneurial journey.

2014 was a defining year for Indian startup ecosystem. The year saw the highest-ever inflow of angel and seed funds in India. According to VCCEdge (a platform which provides information about the Indian deals landscape), $115 million was raised by entrepreneurs through angels and seed funds across 285 deals, compared to $69 million in 2013 across 262 deals. In the last two years, LetsVenture ( an online platform for angel funding) closed 23 deals on the platform with $6.5 million being raised. The very interesting trend to note across these deals was that out of the 170 angels who invested online, 40% of them were first-time angel investors. It’s so encouraging to see senior professionals and successful entrepreneurs joining the startup investment bandwagon.

India, as a country, to grow economically needs many successful startups. And to reduce the high mortality rate among startups at early stage, we need thousands of angel investors in our startup ecosystem. Though Indian startups raised nearly $ 5 billion from venture funds and angel investors last year, a large number of young startups still find it difficult to access capital and mentors. Also, we have seen entrepreneurs falling into the traps by raising funds from investors who don’t have any idea of the startup ecosystem. These startups are forced to give a high equity for a small capital and subsequently face trouble in the future fund rounds. Also, there is a major Series A crunch in the ecosystem. Hence, there is a dire need of mentors and advisors who can help startups to be Series A -ready.

LetsIgniteKeeping in mind the absence of an opportunity to network with reputed angels,VCs and mentors for early stage startups, LetsVenture is coming up with the biggest Angel Summit for smart entrepreneurs, investors and mentors – LetsIgnite on April 21-22, 2015. There is a ‘Startup Competition’ to choose 100 best startups for the opportunity to meet the best Angels, VCs and mentors from India and abroad on a single platform. The competition is open for startups who are actively fundraising, looking for fundraising in near future and those who are looking for right mentors and advisors. More information about this competition can be found here. Last date for receiving applications is 20 March, 2015.

Post Contributed by Niti Shree, LetsVenture

Innovation Is Saying No To Thousand Things

At ShimBi Labs, simplicity is the biggest motivation for us, and it reflects in our people, office and our products too.

I developed the appreciation for simplicity from Steve Jobs and the product he created at Apple. Simplicity works because the world is so complicated, and when you do something simple, it stands out.

People need a good product with advanced capabilities and high usability, but you need to make that in a simple way. Customers love simplicity. With the simplicity, they feel an emotional connection with the product. And it is important for any product to success.

Many a times people are confused about their needs and desire for lots of features in products they buy. They find it difficult to control that desire for many features and end up buying complicated products. After few days, they simply stop using those products and move on to other. As a product developer, we must educate customers and provide them option to try simple products that just works!

Innovation is saying no to a thousand things – Steve Jobs

If people are attached to the product, they will keep buying it or upgrading it. If people love your product, they will tell their friends and family about it.

Do fewer things but do it better. Your product should make customers life simple; it should amaze them every time they use it.

Unlike Dell and HP  that gives 100s of PC  & Laptop choices, Apple kept it simple with just 4 Mac choices! Two choices each for home users for Pro users. Apple made selection and decision process simple for customers.  And Apple makes more money than Dell and HP combined.

Perfection is achieved not when there is nothing left to add, but when there is nothing left to remove – Steve Jobs

But being simple is not simple, being complicated is really simple. Don’t do anything, and everything will turn complicated.

Simple can be harder than complex. You have to work hard to get your thinking clean to make it simple. But it is worth it in the end because once you get there, you can move mountains – Steve Jobs

At ShimBi Labs, we take one problem and build a simple product around that it that just work. We work to amuse the customers.

Let me know what is your thoughts about Simplicity?

Guest Post by Siddharth Deshmukh, Shimbi Labs

Great Tech Rocketships (GTRS) to the UK – a UKTI, Tech Hub UK and iSPIRT initiative

Great Tech Rocketships to the UK is an initiative by UKTI to assist companies from India that would like to do business in, with or from the UK.

(UKTI, or UK Trade & Investment, is a UK Government department whose mandate is to assist UK based businesses in their overseas expansion, and also encourage the best overseas companies to look to the UK as their global partner of choice.)

UKTI chose TechHub, a London & Bangalore based co-working facility, and iSPIRT as their key partners to implement this program on the ground.

iSPIRT saw this as an ideal platform to encourage and assist Indian software product companies go global. According to Sharad Sharma, “The Rocketships initiative is another significant step forward in the journey to create a product nation here in India. It was a wonderful opportunity to collaborate with TechHub and UKTI to provide a platform for high-potential companies in India to explore global markets.”

GTRS is intended to be a long-term initiative for creating a platform, to assist high-potential companies from India, explore UK as a destination to do business, in, with or from.

The initiative launched was an interesting competition wherein 5 high-potential startups were selected from nearly 300 applicants, and are now on their way for a one-week sponsored tour of the innovation hubs in UK.

The program was launched at a packed event at Tech Hub’s Bangalore centre on the 3rd of Feb. Our call for entries was an application form, with a one-minute video pitch. We connected with a lot of companies – through social media, emails, and even personal phone calls. The response we got was overwhelming. In the last four weeks that we launched and called for entries, we received nearly 300 entries from companies across India. What was most satisfying was that 55 of these companies scored 4 or 5 on a scale of 1 to 5, and 25 companies scored 3, indicating an overall high quality of software product companies across India.

A jury comprising of Sharad Sharma, Mohandas Pai, Stewart Noakes, Dr. Vicky Pope, and Dr. Chris Moore, selected the winners from a list drawn from among the 61 companies that were shortlisted to present at Demo Nights held across 5 cities – Bangalore, Hyderabad, Pune, Chennai and Delhi.

With rigorous effort and comprehensive screening, we are proud to showcase the following 5 companies as the finalists of the first leg of the Great Tech Rocketships to the UK initiative –

  • Frilp – The quickest way to access the local knowledge of your friends and our experts.
  • Agrima Infotech – Development. Design. Online Marketing.
  • Talview – Talview is a pioneer and leader in video based assessments. It has more than 1000 clients across the globe from startups to Fortune 100 and have completed more than a million video responses across 102 countries.
  • Tonetag – ToneTag allows easy, frictionless & secure proximity payments using soundwaves (Tone) or NFC (Tag) and enables Contactless experience on any device
  • Congruent Technologies – Multi-national IT-solutions Corporation, with deep domain expertise in the financial services, healthcare, education and e-retail verticals

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The winners gets –

  • A week-long trip to UK, that includes flights, accommodation
  • Deep-dived interaction with world class investors, incubation hubs and science tech parks
  • Guided tour of Tech City, Europe’s most vibrant innovation hub
  • Network with like-minded entrepreneurs, start-ups, research scholars and pioneering companies

Also, the Founders of each of the shortlisted companies will be further empowered in their endeavor, by way of a year’s membership (Flex) from TechHub, which will enable them to leverage the global network and support system, thereby fast-tracking their journey of going global.

Long-term impact

While these 5 companies were shortlisted as the winners, iSPIRT is committed to guide companies that have the potential & desire to go global, and UKTI is committed to assist in anyway they can in the company’s journey to the UK.

iSPIRT is glad to have developed a strong working relationship with UKTI, Tech Hub, and through them we are now better connected with the entrepreneurial eco-system in UK.

There are several programs and incentives that are available from the UK Government, and UKTI not only can provide you information about these programs but can also assist companies in accessing programs that may be relevant to them.

As iSPIRT, we would love to see Indian software product companies go global. Great Tech Rocketships to the UK is one significant initiative which will help iSPIRT provide deserving companies a facilitated access to UK, thus paving a path for their European and global expansion.

Should you be interested in knowing about opportunities in the UK, or if you are keen on exploring what the opportunities in UK are, drop us a line at gtrs(at)ispirt.in. Wherever relevant, we will be happy to connect you with our contacts at UKTI and Tech Hub.

RBI Governor Dr. Raghuram Rajan meets Product Startups.

He is a maverick, a reformer, a decision maker and above all the Governor of Reserve Bank of India. The country’s foremost authority in Economics met with Product startups in Bangalore to understand their challenges and also provide useful advise by participating in interactive sessions for close to 3 hours.

2015-02-27 10.23.43
Yesterday, at ITC Windsor Manor, Dr Raghuram Rajan, honorable governor of RBI, along with Industry stalwarts Mohan Das Pai, Sudhir Sethi, MD of IDG Ventures, Shekar Kirani, Accel Partners, Sharad Sharma (iSPIRT), Bharat Goenka (Tally) and many other industry leaders heard the stories of about 10 Indian startups. The idea was to understand the following challenges of the startup Ecosystem

  1. Startups from India Competing with Global Giants with Capital Markets Challenges (like raising capital from Domestic FIIs, listing for IPOs, and other book building challenges)
  2. Startups from India building Software and Technology Products and solving local and domestic problems with the new & developing landscape of Consumer Market Challenges (like changing landscape of payments, pre-payments, recurring payments, etc)
  3. Product Companies like Tally and others from India, empowering small and medium businesses in INDIA to become Digital SMEs for leap-frogging the Indian Economy.

Dr. Rajan, was very forthcoming with his following admissions and suggestions.

  • Some of some of the difficulties in moving money in and Out of the Country (FEMA regulations for example), requires a more coherent set of rules, regulations and systems.
  • He also suggested that all Institutions, need to keep pace with the technological advances, and the need was really to have an Inclusive approach to carry everyone forward.
  • He assured full commitment to the Payments Systems Revolution, highlighting that
    • Payment Banks and Small Banks will be in full steam in about 12-18 months
    • Innovative ideas of White-labeling of BCs (Business Correspondents) via Individuals, Corporations or Registered Companies was actively being discussed.
  • His willingness to open up a dialog with Innovative Companies, where Banks are a purchaser of Technology was also evident in his offer to have more follow-on meeting.

Close to 180 minutes of conversation and showcasing of New Product Startups and Business Houses like Tally from Bangalore. Around 8 companies got the opportunity to showcase and highlight their challenges and directly interface with the Dr Rajan himself. Not all elements of the session can be reproduced here, but below are some of the key highlights and learnings.

2015-02-27 10.24.32Home grown Startups share their Stories with RBI

About 10 Indian Startups which started in INDIA, and which have global operations today, presented their stories not just from a valuation and growth standpoint, but from an emotional and proud-to-be an Indian startup viewpoint. To sum it up, almost every story was about Entrepreneur’s who dared to dream something not only for them, but for INDIA, and today want the Indian Systems (Regulators, Government and Institutions) to reciprocate to their needs. They highlighted their list of issues, the below checklist includes, but is not limited, to the following.

  • InMobi’s Naveen Tiwari, believed that INDIA can be the HUB for solving Global problems and with 39 other startups which have spun-off from INMOBI, it was clear that there is a 10x growth that is possible in the Indian startup eco-system.
  • Uniken a Security startup company with solutions for the Hyper-connected world, spoke about how their solutions have been deployed by Global and Indian Banks, including Bynet Communications. They stressed the need for all Indian Banks to adopt the latest solutions from India Solution Providers themselves which are on par or better than many cutting-edge solutions from outside of INDIA.
  • Fintellix highlighted their Software for GRC Intelligence (Governance, Regulation and Compliance), which are today used by both Indian and Global Private Banks, but they cannot get through even the RFP process of many Public Sector Banks, due to archiac processes.
  • Freshdesk presented a crowd sourced Customer Support Platform for Businesses, Tally Spoke about large scale adoption of their Accounting Software by SMEs (in millions), FORUS presented their home-grown medical devices (3nethra) which could be adopted by Indian Hospitals for 1/3 the cost, and how 80% of issues leading to Blindness can be prevented, while SnapBizz showed how even Kirana Store business owners today could gain improved visibility using the SnapBizz cloud platform.
  • Team INDUS and Deck.in showed, how Indian startups are turning world-beaters with their big ambitions in Aerospace and Enterpsie Software solutions.
  • Bharat Goenka and Pramod highlighted the need for Separation of Concerns between Transaction Enablers (Banks) and Technology Providers. Goenka stressed that Velocity of Growth, is dependent directly on the velocity of transactions.

Insights and Learnings from RBI and Dr. Rajan.

There were many learnings for all participating Startup & Business Entrepreneurs. Some of the key ones are

  • Dr. Rajan believes that for Capital availability & Funding Process for Innovators there needs to be a different RISK Framework that needs to adopted. The existing RISK framework was meant to keep the bad-elements away from the System. The new RISK framework should look at being a support system for Good Innovators.
  • Dr. Rajan also was open to look at enabling PUT-OPTIONs which will provide down-side risk protection for atleast the Investment-value like in WESTERN Contracts.
  • Dr. Rajan however, said we must all be cautious of Back-door debt masquerading as Equity and causing Systemic Harm.
  • Dr Rajan, participated enthusiastically on the following topics
    • Payment Banks / Small Banks and their utility for the Indian Business growth
    • NPCI framework and Payment Systems Revolution
    • Working with FEMA (Mr. Padmanabhan) to resolve difficulties in Money Movements.
  • Other most important advise for Startups were also discussed. To note a few,
    • RBI Governor said India has a decent Capital Chest which provides some Immunity to the Global shocks, however we cannot act in Haste.
    • Today, the need for Inclusive growth were the Unsophisticated Audience can also be carried forward, should be an objective for all innovative solutions.
    • Indian Public Sector institutions should welcome tech-savvy and young entrepreneurs as part of some of their committees.
    • Most importantly RBI can play a convening role for adoption of Innovative Products by Indian Banks.

2015-02-27 10.24.03Conclusion

Overall it is apparent that the INDIAN technology/internet product markets, are in a Golden Moment where Aspirational issues are leading to better RISK appetite among INDIAN Entrepreneurs. It is a new Paradigm where not just startups, but all Institutionals bodies with-in INDIA, need to now collaborate and commit, for supporting each other’s RISKs and Needs. RBI on its part has definitely shown keen interest, and to quote from a fine statement made by Girish, Dr. Rajan, believes that RBI interventions may arrive late, but they will definitely be latest. The Entrepreneur hence must be patient and not act in HASTE.

‘Finding’ Innovation

In a highly competitive market, and one where market dynamics are changing faster than ever, innovation is the key to long-term sustainability and success. History has proven that companies that have a culture that encourages innovation stand a far better chance at sustaining their leadership position or emerging as market leaders.

1Harvey Firestone, an American businessman, and the founder of the Firestone Tire and Rubber Company once said, “Capital isn’t so important in business. Experience isn’t so important. You can get both these things. What is important is ideas. If you have ideas, you have the main asset you need, and there isn’t any limit to what you can do with your business and your life.”

Businesses recognize that. Most progressive businesses have put in place people, processes, resources, and investments and encourage a culture that fosters innovation.

Considering the fact that companies need to innovate faster than ever before, many companies now are also looking for absorbing innovation that is independently created outside their company. Smart companies recognize that they cannot hire all the smart people, and that smart and relevant innovation is also happening outside of their organization. Their efforts are therefore directed not just in innovating within the organization, but on engaging with innovations from outside as well.

By ‘outsourcing’ innovation, many leading companies have managed to minimize innovation costs and associated risks by as much as 60% to 90% while simultaneously reducing cycle times. In addition, they leverage tens to hundreds of times by internally investing the resultant savings. By engaging with innovators outside the organization, larger companies are able to look at a significantly larger pool of concepts and products, and thus are able to significantly reduce the cost of deploying innovative solutions and products for their businesses.

To enjoy the benefits of outsourcing innovation, the executives and the front-line should be on the lookout for the latest and most innovative technologies emerging across the globe and then figure out which ones they can leverage to derive the maximum synergy.

What is important is that you catch innovative companies’ young, i.e., when they are still in the startup or early-growth stage. Identifying and engaging with companies at an early stage has significant benefits for a large company, not just in monetary benefits, but also in being able to guide the product / concept design to best suit their own use case.

Larger companies who may not have the ability and bandwidth to scout for innovation independently can easily collaborate or partner with enablers in the entrepreneurial eco-system like accelerators, incubators, early-stage funds, and also the emerging online platforms that showcase startups and early-stage companies. Domain specific ‘hackathons’, mentoring clinics, and boot camps are some other ways in which larger companies can connect with relevant innovators.

Once the organization has identified which of these innovations fits into their scheme of things, there are 3 options before them:

  1. Acquire the company – in some situations for competitive reasons and to get a longer lead-time compared to competition it might make sense to acquire the company.
  2. Use the product – – sometimes it is worthwhile to simply use the product as an add-on or bolt on to the existing eco-system to provide a unique offering or enrichment to the existing solution.
  3. Partner with the company – This option involves jointly developing the product or innovation further, keeping in mind your specific requirement. This way, the innovation can be customized to suit your needs.

These are interesting times, particularly for software products. The pace and quality of innovation in India has gone up significantly. At iSPIRT, we have seen the quality of entrepreneurial talent, ideas and products, improve rapidly. We have quite a few global standard companies as witnessed by the global scale acquisitions, and the pace at which newer ideas are being introduced is very encouraging. It is also encouraging to note that a number of larger companies have already connected with us to get an early glimpse into innovations. The InTech50 event is a great initiative to showcase innovation to CIOs, product leaders and VC’s that provide the platform for the innovators to springboard.

HasGeek announces Meta Refresh and Rootconf 2015

HasGeek is a community of geeks that gets together several times a year to discuss technology relevant to product startups. HasGeek’s conferences are community driven via an open submission and selection process through Talkfunnel.

Product startups spanning the spectrum from Flipkart to Freecharge and SupportBee to Qubole are a recurring feature at HasGeek conferences, where they come to share candidly and compare notes on how their technology works.

Our next conference is Meta Refresh (April 16-17), on building stellar web-based interfaces, and this year’s edition takes a serious look at the mobile web, an area that remains significant despite the growth of native apps, whether for the initial acquisition of a user or a full transaction cycle. A sizeable portion of your existing user base could be accessing your website only through a handheld device. It is quite likely that future web users will never experience a site on a large screen. We’re looking at proposals from the community that address the evolution of mobile web design, content design for mobile websites, as well as best practices for mobile web UX.

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Meta Refresh is followed by Rootconf (May 15-16), on DevOps, cloud infrastructure and operational reliability, from development to production. Operational excellence is primarily about learning from experience and tactical improvising, but achieving it isn’t easy. We’re trying to address issues pertaining to continuous integration, deployment, testing and delivery strategy as well as team dynamics, which come up in the process. To that end, we’re inviting proposals about infrastructure scaling and automation, CI/CD strategies, microservice patterns, code security, server vulnerabilities, logging and server monitoring, as well as LXC technologies, and Docker adoption strategies.

The funnels for Meta Refresh and Rootconf have full instructions on focus areas and the selection process.

In addition to the main conferences in Bangalore, Meta Refresh and Rootconf also have mini editions in cities across India. The current planned editions are in Delhi, Mumbai, Pune, Chennai, Hyderabad, and Kochi. Details on the Meta Refresh talkfunnel.

Guest Post by Rudi MK, HasGeek

Why India needs to move beyond “Jugaad”.

Innovation is a result of an unaddressed problem.

TITLE (1)Contrary to general perception, design process strives to find the correct problems. Solution to these form the second half of the process and which has complete dependency on the earlier, yet is more celebrated.

A designer observes a given brief, studies it in the context and then identifies the problem(s). He finally calls upon his knowledge and experience to address these. Often enough, reaching out to experts. Later, he iterates solutions at various levels of implementation, progressively validating in the context.

In the case of jugaad, the journey to innovation travels in the opposite direction. The innovator is the user himself. He defines the brief after he has already pinpointed the problems, then makes do with his limited knowledge to address these. In ideal cases, this leads to innovations that are appropriate for his use, and exceptionally, a genius product to generalise.

Much like any heroic story, jugaad innovations are also widely acknowledged. While its solutions are obviously admirable, the process itself isn’t. I offer a few words of precaution in this context.

A step-by-step comparison between the two reveals the risk. At the initial stages, jugaad does a better job in understanding the context and the defining of problems as the user (/innovator) understands his problems better than anybody else. On the other hand, a designer uses his observation skills to relate to the persona of the user, ideally, becoming the user himself. But this ideal case is by-default in jugaad and unrealistic in design process.

However, at solution stage, design process has its advantages. Being better equipped, given the expertise of a designer and access to experts, it not only leads to more efficient solutions but also makes sure that these are appropriate in larger system. Jugaad however depends solely on knowledge and capability of the innovator. In exceptional cases, smart workarounds come out. But these are rare, and bound to fall short of a designer’s resources.

In cases when the solution itself requires lesser expertise, a bigger knowledge pool might be irrelevant. But it can again be a risky proposition to generalise such cases. And that is what we would be doing if we recognise “jugaad” as a parallel process.

However, as I earlier stated, finding the correct problem(s) is crucial, and jugaad is better equipped. A more inclusive process might be to involve users with designers during initial phases. This can lead to exciting results with juxtaposition of experienced users and resourceful designers in brainstorming solutions.

Jugaad by itself should only be looked upon as a desperate option rather than a process. India, being a country well equipped with resources and aiming to be a world-class innovation hub, should do well to encourage correct processes in this endeavour.

Guest Post Contributed by Sumit Dagar, Kriyate

Microsoft Windows 10 needs more than an oil-change, it needs an overhaul.

The author extrapolates learnings from the last ten years of the Indian Automotive industry and makes the point that all things remaining equal, success in emerging markets depends largely on how premium a design feels in the hands and eyes of consumers. He suggests that Microsoft adopt a bold and fresh approach in the redesign of Windows 10.

I have been using Microsoft Windows since 1990, i.e. for over 25 years. I have also been associated with Windows beta programs and have had the chance to see a preview of Windows 95 way back in 1993.

Today, I use Windows 8 at work, at home, on my tablet and on my phone

You can read a little more about my interests here.

It’s evident that Windows 8 has not been the gushing success that Microsoft thought it would be with consumers i.e. people who have a choice of personal home and desktop computing platforms. Corporates in most cases do not have a choice but people do and I believe they have spoken by staying away from the platform.

My urgency for writing this article is the upcoming Windows 10 Preview that Microsoft is expected to show to the world on January 21st, 2015. And while I don’t expect them to turn their ship overnight, in the 6 – 9 months running up to their launch in mid to late 2015 I can only hope Microsoft can make some adjustments to its design keeping in mind the sensibilities of a billion Indians. And why just Indians? I think this can apply to a consumer in any part of the world.

I ran my own digital and web design team for 6 years in the mid – late 1990’s, a time when the closed Indian consumer market was just opening up to brands. It was an exciting time and it taught me that traditional “European and American” aesthetics do not always work for the vast majority of Indian consumers.

What follows below is my analysis of how Microsoft can learn from carmakers and their travails in tackling this hard-to-understand yet lucrative consumer market.

Doors and Windows: Yes. Cars and Windows: Yes.

I track the growing auto industry in India/Asia very closely because I love cars, motorbikes and driving in general. I’ve also read every decent car magazine that’s sold in India for the past 15 years. I’ve observed the Koreans, Germans, Czechs & Japanese come into this market to try and succeed. I have also observed how Indian auto manufacturers have tried to stay relevant and competitive in the face of impending competition.

Is it really possible to try and draw a parallel between Windows 8/8.1 and foreign carmakers in tackling the Indian consumer? I believe there is because just as people have personal preferences in choosing their next car, they also have preferences when it comes to devices. The two are not that different if you think about it.

Windows 8 & METRO: Why it was needed

I totally get why Windows 8 was what it was. Microsoft needed a differentiator in the tablet/touch market and Windows 8 allowed them to try and have a crack at the iPad. It was a huge risk and as it happened, one that failed.

For those who don’t know, Windows 8 was Microsoft’s attempt to try and make the traditional desktop and newer touch worlds coexist at the same time. In addition, Windows 8 also incorporated the Metro design language, a flat design language that relied more on typography, function and content, and less on graphics.

Unfortunately, Microsoft wasn’t able to attract enough consumers to embrace and use Windows 8. And while one may argue that the Windows 8 numbers (350 million now?) are high enough, we also know that a large part of this is in the corporate/enterprise space where customers really don’t have an option.

I’ve spent many hours at IT supermarkets and have seen the lack of interest amongst shoppers in the Windows Laptops on display from the big OEM’s: HP, Dell, Lenovo, Acer…and so on. And while these OEM’s do not make bad PC’s, the Windows 8 screens and interfaces are just unable to excite even a casual shopper to stop and take a look.

But, before I offer any suggestions, let me elaborate on Indian market demographics and the overall positive sentiment that exists for Microsoft.

Why India should matter

India as a market should matter to Microsoft.

Almost every Indian I know has a friend or relative working at Microsoft Redmond. Bill Gates, and now Satya Nadella, are role models for many an Indian parent and child and the Microsoft story is an exciting one. Many markets in Indian cities and small towns have huge signboards that advertise courses in MCSE/IT Administration, Word, Excel, MS Office, and SQL Server. I’d estimate that more than half of the software engineers in this country work on .NET, C#, ASP and so on. Most SME’s in this country run Windows Server and Microsoft Office. Nearly everyone I know has used Windows at some point in time in their careers. Overall, India is bursting with positive energy for Microsoft as a company.

But, India is also a market where costs are an issue for mainstream computing products. MacBook’s and iPhones cost twice as much here and are a complete rip-off in my opinion. And because volumes aren’t high, I doubt if Apple will ever want to, or be able to drive costs down.

That leaves Chromebooks. The half-PC’s that aren’t really PC’s for anything other than light browsing and some media consumption. You NEED to be connected to make Chromebooks work well which is a problem because not only are data plans expensive in India, connectivity by and large is downright horrible. (And yes I know that Chromebooks can sort-of work offline but…)

India also does NOT yet have a popular BYOD (Bring Your Own Device) culture at the workplace. This further increases the likelihood that many professional workers use company-provided Windows devices and MSOffice in their places of work.

So, you have expensive MacBook’s/iPhones on the one hand AND Chromebooks crippled by poor connectivity on the other. In this kind of market, could there be anything more important for Microsoft than Windows 10 to ride this perfect storm of opportunity?

In short, no. But they HAVE to get it right.

Let’s take a few examples of hits and misses from the automotive industry in India.

Skoda & VW

In the mid to late 1990’s, Skoda, a small and relatively unknown Czech carmaker was greeted with sales success here in India with its maiden model, the Octavia. This surprised many as Skoda cars are perceived as ‘cheap’ in Europe and were known to have after-sales issues that exist even today. But somehow Skoda did great by any standards and probably even exceeded its own targets.

Skoda succeeded here because Indians fell in love with their designs, AND, the relative affordability of buying into a European brand. It was only natural that Volkswagen, Skoda’s parent company, followed suit some years after, hoping to match if not exceed the success of its junior brand. The Skoda Octavia now started competing with the VW Jetta. The Skoda Superb with the VW Passat.

Needless to say, the numbers were less than encouraging for VW. What made it even more difficult to digest was the fact that every model they launched was qualitatively superior if not similar to their Skoda counterpart. After all, these cars shared common components and relied on a global pool of high quality suppliers.

What was the problem?

The answer lay in the design. VW’s design was far from inspiring for Indian tastes. While dark grey dashboards, steering wheels & interior upholstery are actually seen as cool and avant-garde in Europe AND in some cases even represented as premium (e.g. BMW M3/M5), these design elements do NOT excite the Indian consumer in any way.

Skoda sold better here because Skoda’s car are generally prettier than their VW counterparts. They have edgier styling with chrome accented bodywork, wood-panels and chrome linings on the steering and dash together with rich beige two-tone interior upholstery. And Indians lap this stuff up. Looks work. It can make you feel like a thousand bucks when you park your new car next to your neighbours’.

Of course there are aberrations to this success story (like the Skoda Fabia and Skoda Yeti, both oddball designs), but I’ll leave that aside for a future article maybe.

Fast forward to today. VW cars sold in India now have chrome body accents, wood-panelled dashboards and more visually appealing looks and their sales numbers are back to where they should be. It’s the little things that make a design look and feel premium, and VW had to bear the ignominy of low sales till such time they figured out the Indian consumer.

A few years is a long and costly affair in the automotive Industry. Heads roll, CEO’s change, blame is apportioned and everybody walks away bruised. All things remaining equal, consumers expect good looking and well-designed products. To draw a parallel, Metro and Flat UI’s may work for the digitally-evolved set, just like dark-grey works great on a BMW M3, but it doesn’t and never will work for most of the Indian consumers.

I’m a little concerned because as recently as last week, I saw some leaks on the to-be-announced Windows 10 Consumer Preview with more of the modern and minimalist.

Hyundai: Appealing Designs.

Unlike the conservative Japanese, the Koreans are naturally flashier with their design sensibilities. Every Hyundai car that has been launched in India to compete with the entrenched Maruti-Suzuki (Japanese) has been very successful. And it’s because Hyundai designs them to be stylish, with chrome bits outside and in, gorgeous dashboards and upholstery. Hyundai also manages to give more kit at same or lower prices. They really figure out the best combination of looks, features and price.

My personal opinion is that Japanese cars are better engineered than the Koreans. But, the Koreans are able to keep up by launching spicier designs of feature-loaded models at similar or lower price points.

Sometimes good design can hide an averagely engineered product which Windows 8 is not.

And sometimes good design is required even when the product is cheap. The next example about the Tata Nano is one such case about how NOT to do it.

The Tata Nano. Cheap is good. Cheap-Looking not so.

The Tata Nano was designed to be the cheapest car on Indian roads by one of the country’s largest conglomerates: Tata Sons. In fact, the global press hailed the Tata Nano as the cheapest petrol-engined 4-door, 4-seater car in the world which it probably was.

A noble cause. It should have worked. It had everything going for it.

The Nano was/is a great piece of frugal engineering BUT it failed to capture the imagination of the Indian consumer because it came across as cheap and built to a price. (Conversely, Tata later launched a real beauty of a multi-utility-van (MUV) called the Tata Aria, but blew it because it priced it over its rivals.)

I’ve been tracking recent attempts by Microsoft at the cheap end of the tablet market with its near-zero Windows 8 licensing policies. But cheap, like the Tata Nano, doesn’t always work unless it’s backed up by attractive and premium design.

MacBook’s and iPhones are gorgeous to look at and experience. But, so are the lower-end Android phones. And even though in my opinion they (the low-end Android phones) are poorly engineered devices at best, they do more than enough to keep the cash registers ringing.

I hope Microsoft can learn a lesson from the above.

Gorgeous does work.

Switching for a brief moment to Windows Phone.

I’m a huge advocate of the Lumia 730 and Lumia 530. I am almost sure that a few of my employees were convinced by me to get them. But, recently, two of them upgraded their phones to Xiaomi Redmi Note 4’s last week. This phone retails for the same price as the Lumia 535 in India (Rs. 9500 approx.). BUT, one look at its gorgeous 5” screen, beautiful wallpaper with its silky smooth swipe animations and you know right away this was something special.

This phone had me at hello!

The overall product, the screen clarity, speed, navigation and animations feel buttery smooth and awesome. These Xiaomi phones are not running stock Android, BUT, a gorgeous skin made by their manufacturer Xiaomi (dubiously known as the Chinese iPhone maker).

And while these phone may not have the same build quality of a Lumia, they appeal to consumers to whip out their wallets and buy. (BTW, one of my colleagues returned his Xiaomi handset just yesterday because the USB charging port came loose within a day or purchase.)

Gorgeous does work AND it does get products off the shelves.

While we are on Android phones, let me add that the much hyped material-design influenced Android One has failed in India for more reasons than one. I can only guess that flat-design may have had something to do with it, in addition to not-so-friendly business terms from Google.

Design tips for Microsoft Windows 10 Consumer

So, taking a cue from the Indian automotive industry, I’m going to try and suggest ways in which Microsoft can make Windows 10 a huge hit with consumers not just in India, but worldwide.

1. Staid, Sober, Scandinavian, and Minimalist does NOT work here

Boring, dull, flat and minimalist designs do NOT appeal to Indian consumers. Ever been to an Indian wedding? Noticed the explosion of colour and senses. This IS what we are about as a nation of a billion people. We like designs that are a bit Over-The-Top with a bit of bling and kitsch thrown in.

We don’t live in homes with wooden floors, white walls and Ikea furniture. Well maybe some do, but those are the minority and they buy expensive iPhones and Macs to begin with.

We are an aspirational people and our consumer choices are a reflection of our individual and social perceptions.

And Microsoft, please don’t expect and wait for third-party developers to skin the OS in case it lacks ZING out-of-the-box. No Stardock Modernmix can solve this problem.

2. Don’t listen only to the people in Windows 10 Preview.

It should be evident to Microsoft that the 1.5 million people, myself included, who are a part of Windows 10 Preview will probably buy it anyway! But do these 1.5 million represent that 1 billion Windows users? No Microsoft. They don’t.

I shudder when I see comments from some folks in the Windows Insider Program about how Microsoft should leave Metro untouched because it is so awesome. Come on! This strategy may work for enterprise users but will not fly with consumers.

For every person that is vocal about embracing Metro, Metro Apps & the Windows 8 Start Screen, there are 10 others who stay silent.

3. Be bold Microsoft.

Computing and graphic power has been getting progressively cheaper. And yet, UX’s have been getting flatter and less graphically intensive. And while some people love flat and modern and I can completely respect that, it doesn’t do it for me.

Have Microsoft/Intel learnt nothing from the Film and Television industry?

TVs improve to accommodate better quality content and content providers continue to improve the quality of their sitcoms, movies and sports coverage. It’s a symbiotic relationship that improves business for both. And yet, as the personal computing landscape has gotten cheaper, faster and more powerful processors, the UI’s have reverted back to being flat. This is one trend I will never fully comprehend.

I fear the real problem lies with today’s UX designers. Design is cyclical and for the last few years it has been flat and functional. If you are a hip and happening UX/UI designer today, you WILL shun gradients, textures, shadows and three-dimensional effects in favour of large typography, whitespace and minimalism. But I believe the two worlds CAN co-exist and these designers must be pushed to their creative limits to turn out something spectacular.

The designers at Microsoft are working on what might be the last major version of Windows. And to think Windows 10 Consumer should have an Office or OneDrive inspired UI would be poor judgement on Microsoft’s part. I use the aforementioned products to get work done. Is it too much for me to ask not to be reminded of work when I’m setting my morning alarm or watching a movie? Must my watch resemble a fitness band? Please…

So, Microsoft:

FIRSTLY, the goal for your design team has to be to make customers stop in their tracks when they see a gorgeous Windows 10 PC Screen on display. The attention span of an end-user needs to be captured at the initial user interface or else you have lost them no matter what amazing functionality you build into the platform.

SECONDLY, don’t ONLY dish out a flat user-interface! I realise you must do this for Enterprise customers but don’t stop there. Give every user a SECOND option that is the complete opposite i.e. lustworthy – put in the bells and whistles – the textures, silky smooth animations and navigation. After all, you’ve tried the flat UI approach and the world has answered. You’ve got nothing to lose and everything to gain.

If you can do the above, you will take the discussion away from ecosystems AND focus it back on a gorgeous product called Windows 10 staring at consumers on market shelves later this year.

Yes, I DO want my yet-to-be-purchased i7 quad-core NVidia-powered hybrid to shimmer and ripple with each buttery smooth swipe and click.

And no, I do NOT want Windows 10 Consumer to be like my Kindle. I already have one and it puts me to sleep every night…yawn.

Are you an Indian Tech company, looking to go global? Apply now for our Great Tech Rocketships initiative.

“Great Tech Rocketships to the UK” is a unique initiative to fast-track India’s most promising Tech Companies.

GreatTechRocketshipsWinners of this competition will  receive a one-week guided UK experience tour, including advice & mentoring from specialists, interactions with investors, accelerators, and incubators.

The initiative will also take the shortlisted companies to Tech City – the most vibrant innovation hub in UK.

If you are an innovative technology company with the view to going global, here’s your chance to embark on the most exciting mission of 2015 – ‘Great Tech Rocketships to the UK’, a unique program to springboard India’s most promising and fastest growing technology companies.

The ‘Great Tech Rocketships to the UK’ Competition is a collaboration of TechHub and UK Trade & Investment (UKTI), supported by iSPIRT. The initiative aims to identify  and catapult impressive nascent companies and ideas that have the potential to transform into fast-moving and hyper-growth ‘Rocketships’.

The visit will be a unique opportunity for the winners to interact with community stakeholders – mentors, entrepreneurs, investors, accelerators & incubators, policymakers and media in these countries.

How to apply

The tech companies we’re looking for are required to submit a 60-second video presenting their company and apply here. [Feel free to add any other information that you may want to add in the video, but do keep it to within 60 seconds]. The last date is 2nd Feb 2015. You can also tweet to us @TechHubBlr with the #ifnotnowthenwhen

Invitations are open for the following areas:

  • Retail Technology
  • Finance Technology
  • Data Analysis and Visualization
  • Nascent Ideas

Here’s what promising startups can win

  • One-week fully-paid tour of UKs entrepreneurship eco-system, including 3 days in London
  • Meetings with investors, accelerators and incubators
  • Visit to Tech City – UK’s most vibrant innovation hub

The founders of each of the shortlisted companies will be further empowered in their endeavour by way of a year’s membership (Flex) from TechHub, which will enable them to leverage the global network and support system and fast-track their journey of going global.

In addition, the visit will enable the winning companies to understand the local ecosystem, interact with other entrepreneurs, receive advice and mentoring from specialists, and interact with potential investors. The visit will help the winners with potential, to address European markets suitable business propositions and models to fit these markets.

In summary, the ‘Great Tech Rocketships to the UK’ competition will propel these companies to start thinking globally. We will facilitate a common platform for them to get access to all the information and resources they need to get there and evolve at a whole new level at an accelerated pace.

If you are an Indian Tech Rocketship, submit your 60-second video, via YouTube and tweet the link to #ifnotnowthenwhen by 2nd Feb 2015!

Why Indian IT product companies grow slower than companies elsewhere?

Indians are loved world over due to their intellectuality, hardworking nature and their unparalleled ability for Jugaad (an innovative fix or a simple work-around of complex problems). Generally speaking, Indians are doing wonderful job in technology sector and why technology sector alone, it’s across the board now. Many of the world’s largest enterprises have Indians as their CEO’s who are driving high growth for such mammoth organizations e.g. Pepsico, Mastercard, Apple. Mind you, size tends to slow down the growth due to increased complexities.

Global economic expansion and rise of Indians on global map is a boon for India as a whole. It has certainly helped securing unique identity for India on the world map. Despite all this, why Indian Product companies in IT sector are not able to grow to their fullest potential? Why after a certain point these companies call it a quit or struggle to keep up pace of growth? Let’s discuss

I have been associated with Indian IT product companies from the last 8 years at least. The size of these companies has been in the range of 20 Million – 300 Million. With little experience in dealing / working with various product companies following are my general observations (not specific to any company I worked with).

  1. IP Vs Marketing – IP is heart for any product company but what are the rules of the game? Shall they continue investing heavily into developing / enriching their IP’s all the time? What is more important for them at different point in time of their lifecycle? This is a tricky question and finding a balance between business and IP creation could be a never ending debate and obviously THE most difficult question for these companies to answer themselves.

If you look at the IT products originated from western world and with specific mention to Israel, I have few observations to share:

  1. They develop the IP considering present and future (Not so Distant hypothetical future).
  2. Test it, Test it and Test it so that it does not fail (I know few of you must be smiling while reading this J. We all have restarted our computers every time it stopped responding)
  3. Sell, Sell and Sell as much as they can before finding the right balance between efforts required for IP management and marketing.

On the other side, Indian entrepreneurs (Btw most of them started by technocrats and not by sales gurus – Please note) are so passionate about IP that they tend to postpone the problem of selling the software. IP gives immense pleasure and satisfaction to an extent that all the policies, strategies, growth plans, creative energy, board room discussions and even canteen discussions revolve around IP – This is what killing them softly 🙂

Is your product vitamin, pain killer or vaccine?

2014 has been a year of great momentum for software products in India and its going north in 2015. As the momentum picks up, thought of sharing some thoughts on a thumb rule that we can apply for products that we plan to build

Picking the medical analogy, the one way of classifying where your product fits in would be when you answer if your product is a vitamin, pain killer or vaccine – and how you innovate around them.

vitaminvaacine

Pain killers

The must haves are the pain killers, you can’t survive without drugs that cures fever or other painful diseases. In software products area, an equivalent is the automation software that will help you bill your customers, keep your accounts, communicate through emails, build professional or personal network etc. These are very basic, been there for a while and there is always market for these products. But the challenge with these products is that you are not the first one building it and you have tons of competitive products. A funny example I came across when a team mentioned they are building a product for traffic problem that exists in Bangalore, but the how part was not convincing enough to believe it can solve the problem. While the problem is clearly understood, and is a pain, the pain killer solution is key.

Often referred as commodity market, the only success factor here is “how” you solve the problems in a different way, leveraging latest technologies such as mobile, cloud or internet of things. Value of such products, in order to be successful, needs significant go-to-market investment. Nevertheless, if you have found the right product – market fit, there is still scope for this as everyone needs these products, as there is no question “why you need these products”, as long as you can differentiate and sell.

Vitamin

The nice to haves are vitamins, we all know that. You will agree that to sell vitamins, you really need to first establish “why you need that product”.  We do see the benefits, but we can live without it. Analytics and big data products are good examples of vitamins analogy. It would certainly help for your data driven decision making, but you need to convince someone a lot as he or she is already getting the insights in different forms, maybe through a good team that he or she has. But like how we get addicted to some vitamins, you can tend to get addicted to software products that can help businesses or life better. Also over a period of time, vitamins become pain killers as we can’t live without them. A good example for me is Google or Mobile phones or ipads. We have lived without google or mobile phones few years back, but they are no more an option. Ipads is still a vitamin, but still sells very well.

Vitamins need a different kind of expertise in your sales and go to market organization. You need experts to sell these solutions. They really need to uncover the invisible need that the buyer would have and offcourse your product needs to fulfill their aspirations by educating them. Vitamins can be sold at a very premium price if we can convince the customers.

 

While painkillers take care of the visible need, vitamins have to discover the invisible needs

productInvisibleneed

As you build products that fall in the vitamin category, it would be great to see the end vision of these products, and if they can eventually create a new category that can get into a pain killer or vaccine.

Vaccine

They are preventive; they address solutions to problems that exist today or likely to arise in the future. They are must haves, but they get into territory of unsolved problems, so if you have a solution that solves an unsolved problem or even prevents the problem to occur, they would fall into this category. Vaccines type products are real innovations – as they are needed and they can help businesses or improve life.

Business networks are a great example of vaccines, as they remove the hurdles of problems such as intercompany reconciliation or payments by cheques. Knowing your customer is great problem that exists and you want to sell the right product/services, at the right time and at right price based on what customers are seeking. If you understand the customer better, it’s a no brainer that your revenue is going to increase. Next generation customer engagement solutions are a good bet, which personally can fall into the vaccine bucket.  I was super impressed by the Health care cloud mobile products developed by Lifeplot, and many of their products certainly fall into the vaccine category as they can prevent diseases at an affordable cost.

While vaccines are game changers, they also need certain degree of convincing to sell, as the problem is not obvious to many.  One example for me in software products is digital commerce such as web and mobile. There is a huge opportunity to tap into selling in these channels and having products to support them. But it still needs to convince the buyers, as certain level of education is required for this.

Criteria Pain Killer Vitamin Vaccine 
Need Must have – Visible Nice to have – invisible Must have – Visible
Problem statement Well defined Need to be explained In certain cases defined but needs education
Main value prop to sell How its solved Why its needed How its solved and sometimes why its needed 
Sales approach Non Experts but with clear differentiators for product – market fit and lot of investment Experts required to explain value with lot of investment More education required, and once convinced less investment
Revenue and Pricing Standard Premium Standard 
Examples ERP, Emails Analytics, Messenger Business Network, Digital Commerce

 

So where does your product fit in – is it a pain killer, vitamin or vaccine ? 

 

A comparison of business software review sites: Credii, ITCentral, G2Crowd, BestVendor and GetApp

There are an estimated 5K to 10K SaaS and enterprise software companies that provide solutions for small, mid-sized and enterprise companies.

The large IT analyst companies such as Gartner, Forrester, IDC, EMR and Burton Group have made a $billion business out of evaluating and ranking these vendors on a magic quadrant or waves.

Over the last few years a host of companies have tried to disrupt the evaluation, comparison, review and ranking portion of the business.

The companies, G2Crowd, SoftwareSuggestCredii, ITCentralStation, BestVendor and GetApp all pretty much offer a similar service with a few twists. The ability for business users to review, evaluate and filter the software solution for the based on their custom need.

Given the explosion of startups (thanks to the lower cost of starting a company), there are tons of choices for any buyer of software and many deployment models as well – mobile app, mobile web, SaaS, etc.

I had a chance to look at all these companies, and the intent was to review them from the point of view of a buyer of technology. I was initially looking for the best Early stage private company database, and stumbled upon one of these websites and went to research and see if there were others as well providing Yelp-type reviews for startups in a “crowd sourced” way.

There are 3 different approaches taken by these companies. While G2Crowd, ITCentral station and Best Vendor are more crowdsourced platforms, where any user can write a review and rate the vendors, Credii is more like a “Analyst on Demand” or ” Analyst as a Service” solution. GetApp is a pure marketplace and seems to want to follow the App store model with some reviews, but more a listings website.

There were 3 things I was looking for when searching for a database of startups – first a good comprehensive listing of vendors, followed by analysis of their features and pricing, and finally reviews and recommendations by users like me.

Of the 5 solutions (none of who are comprehensive) I found Getapp to have the most listings – for other solutions than the one I was looking for. G2Crowd was a close second. The rest were pretty poor in the comprehensive nature of their coverage of a domain or the products within a domain.

In terms of analysis of features and pricing, company information, I found g2Crowd the best, but Credii very comprehensive. The limited nature of editorial reviews in the other sites, make them hard to take seriously.

Finally in terms of user reviews, getApp was the best by far with the most reviews. followed by G2Crowd. ItCentralStation was poor but definitely better than the other two.

If you are an SMB vendor with an interest in reviewing products and learning more about products before you start to shop, I’d be hard pressed to say an of them will truly meet your needs. They might be a starting point, but if you are expecting an Amazon like listing, with great reviews, multiple feature comparisons, you will be sadly disappointed.

Reblogged from Best Engaging Communities blog

The future is here: Indian product companies are potential global giants

Every year I speak at a dozen events – both within the country and outside. These events range from ones around entrepreneurship and startups to ones purely around technology. There is, however, one common thread at all these events. At home, I meet many young product companies that now operate on a global scale and overseas I increasingly bump into entrepreneurs who have set up a product company with a global footprint.

It will not be an exaggeration if I say the era of dominance by Indian companies has started and we will see young, smart, technology enabled product companies use their imagination and information to operate on a global scale.

What has changed over the years – the biggest factor is the Indian entrepreneur’s ability to think big. About 5-10 years ago an Indian entrepreneur would want to create a niche business that would create a good amount of wealth for himself. An Indian entrepreneur now thinks differently where he wants to create a big billion dollar business that straddles continents. They want to create a dominant business and dominate globally. A startup today does not aim to be a $100 million business, but dream to reach a billion dollars.

And is it easier to do so? Theoretically the answer would be a big yes. It is easier to start a company, especially in the technology domain, and have operations across the world. Many are now starting with the world in mind and in fact during their initial days India may not be the launch market for them. There are examples of many startups that prefer to start in the US and then look to spread operations here.

The reason behind this can be attributed to a phenomenon that started about a decade or two ago. The business process outsourcing (BPO) and the services industries like Infosys and Wipro led to a lot of food for thought over the years. Enterprising individuals were not content with being mere back office providers. As global systems and processes became pervasive at work places, many stated seeing clear opportunities that could be addressed. These individuals were some of the early pioneers of Indian product companies operating and addressing global needs. Starting product companies and not services suddenly became the vogue as factors like labour arbitrage took on a new meaning. Today it is a question of skill arbitrage where product companies are developing technology that are world class and price competitive.

The second reason behind the increasing appetite to operate on a global scale is because of professionals returning home from an overseas stint. When I started Rate Gain after returning from the US, I could see some clear business opportunities. While I was unsure if it would work out, I knew serving the world from India was possible. For entrepreneurs like me and many others, the fear and apprehension of dealing overseas do not exist. There is a strut in our step and a confidence that we are second to none.

A large part of this is also due to the successes of Indians abroad. From the investing companies to top executives at some of the largest MNCs, Indians are now where it matters. A large Indian investing community abroad and forums like The Indus Entrepreneur (TiE) and Indian Angel Network (IAN) have helped tremendously by opening doors.

This is now having a cascading effect. For people with an entrepreneurial ambition, there are clear role models to follow. Companies like Druva, ours (Rate Gain), Zomato, InMobi are hugely successful and changing the status quo. The startup ecosystem in the country is maturing with a healthy mix of angel and venture investing and a good idea can now be converted into a sustainable company. The Indian market may be large and lucrative, but the opportunities multiply when operations are on a global scale.

The global outlook at an early stage works well for a startup. Not all would be successful and there is every likelihood that there will be more failures. However, the penchant to create multinationals is the first step to create billion dollar companies. In the years ahead as technology reduces the barrier to entry and democratizes opportunities, startups going global would be the new norm.

Head start Higher 101

Headstart Higher’ is an initiative by HeadStart Network Foundation. This is as a platform to connect startups to rock star people who could be their prospective employees. This is carried out in the SPEED DATING format, where all candidates meet all startups and then startups can choose to talk further to those who they find competent enough to join them. Our vision is to help startups HIRE at a HIGHER level, hence the name Higher!

headstart_higher_fb_banner_design_v1a (1)Err… who is Headstart Network, by the way?

We are one of the biggest grassroots-level entrepreneurship communities in India, with presence in over 13 Indian cities. Besides organizing over 150 startup events of different scale ever year, we power India’s most popular startup mailing list and do a number of things towards building an ecosystem for startups in India. We believe entrepreneurship can positively impact India in a big way and are working towards that cause for over 5 years now.

So, what do we do at Higher?

We bring STARTUP-READY candidates closer to startups that are looking to hire great people. This is the process that we follow to achieve the same:

  1. Invite participation from prospective candidates and startups. Get details of what the participating startups are looking for in their prospective hires.
  2. Screen candidates based on their profiles and the requirements of the startups.
  3. Let the startups pitch to the candidates on the day of the event.
  4. Let the startups and candidates speed-date i.e allocate 3 minutes to each candidate with every startup and let the magic unfold!

Is this the first of its kind that we are doing?

No, we had a successful Higher session last year in Bangalore. Out of the 40 startups that attended, averages of 3.7 candidates were shortlisted by companies. Hence, this year we wish to take Higher higher, by helping a number of startups hire!

What Higher is and what it is not…

Higher is:

  • A platform for introductions
  • A platform to accumulate the right set of people together in one place.
  • Skillset agnostic. You will find a start-up ready developer, but not necessarily a start-up friendly Xamarin developer.

Higher is NOT:

  • A job fair. Only early stage startups are allowed here and we are quite particular about that.
  • A place where joining offer letters are handed out. They are a gateway for final joining offer letter to take place, but they may not necessarily happen.
  • A selective meetup. Here, every candidate meets every startup. One cannot pick and choose. We do this to make sure maximum value is derived out of the event by every candidate and every startup and it also helps us run the event in an organized fashion.

How can you participate?

Startups and candidates can register here: http://higher.headstart.in/bengaluru/

When is it happening?

This year, the event is happening on 14th December in Bangalore.

If you have doubts/questions/clarifications, please do drop an email to [email protected] and [email protected]

When is the last date for registration?

It’s 10th of December. Hurry!!!!

Guest Post by Malini Gowrishankar

The Leap from Context to Hyper-Context to add Value to the Consumer

Mobile is redefining customer engagement models. Highly personalized recommendations are possible now that companies can access location information and user behavioural data. Brands and services must leverage intelligent targeting to win customer loyalty, rev up engagement, boost conversions and most importantly, to stay competitive in the mobile-first world.

By analysing the customer journey and expectations in their moment of need, mobile applications in coming years must become smart enough to design experiences that fulfil their customers’ needs in real-time. Of the many factors that deliver an outstanding customer experience, context rules. Context-aware mobile applications understand the location and environment of the user, as well as interests and past actions.

Keeping in mind the immediacy associated with mobile, accurate data delivery is essential to enhance the consumer experience. Personalizing mobile content delivery based on users’ demographic data, preference, purchase behavioural information and context can positively influence consumer experience, which in turn strengthens engagement or purchase intention.

Context-aware mobile apps are already very common. One example is Gas Buddy, an app that helps you find nearby gas stations once you share your location. But what if apps knew more about you than simply your location? What if your apps knew what kind of car you drive or whether you prefer a window or aisle seat when traveling? Or even your favorite food? That’s when we step into the world of hyper context, where apps can store your preferences, learn from your actions, and make your life a bit easier.

As Cisco defines it “Context aware mobile applications leverage information about ‘where’ the user is. In contrast, Hyper-context aware applications move beyond just location and include ‘who’ the user is, and ‘what’ interest or past behavior the user has exhibited.”

Google Now is one such hyper-context aware application that delivers personalized and targeted recommendations for a highly positive user experiences. On the way to a meeting? Launch the app and Google Now will suggest the best route to your destination as entered in your calendar. The app optimizes your experience by alerting you to the traffic conditions along the way, suggesting alternate routes and continually updating the estimated time of arrival. The application delivers a satisfying solution to an immediate problem by understanding your context – location, time, history, intent, and other relevant information.

Another example of a context-aware application is the Cortana personal assistant for Windows 8.1 phones. Basically a cross between Siri and Google Now, Cortana will not only perform basic assistant-like tasks such as making calls, sending texts and updating your calendar, it can also help you plan ahead by predicting your needs. If you’ve planned a trip and added it to your calendar, Cortana will warn you if your flight is delayed. On a regular work day, Cortana can tell you what traffic looks like for your evening commute. Even better, Cortana can practically read your mind, reminding you when you arrive at the grocery store that you need to pick up milk, for example.

Leap from Context

Contextual Information = Better User Experience = Deeper Engagement

Making a leap from context to hyper-context, it is hyper-personalization that can be the key driving force for deeper customer engagement and an influential factor to drive conversions. Context leverages on the saying “your past influences your future,” but with hyper-context, we go further, by not only looking at your past preferences, but predicting your future needs to give better user interaction with brands and services. That’s personalization at its best.

Today, so much data is being collected from consumers whether they actively share it or passively allow it in the background. If you can serve relevant content, it turns out that consumers are willing to share some private information in return. A recent survey shows that a whopping 88 percent of participants would share their locations in order to receive coupons and offers.

Personalization is the best way to deliver relevant content to users based on their interest and also one of the best ways to influence purchase decisions. In a survey of US based consumers, 86% said that online personalized product recommendations influenced what they purchase, with 25% saying that personalization significantly influences their purchases.

Personalization Influeces Purchases

Mobile data is enabling better predictions using faster processing technology; hyper-context has arrived and will get better in the coming years. Several existing and upcoming applications are joining the Google Now and Cortana tribe and going beyond serving hyper-contextual recommendations on mobile.

Mobile has enabled us to do more, in less time and on the go. Mobile applications need to catch up; and why shouldn’t they, with so much opportunity. With mobility enhanced, there is a strong expectation from new and upcoming applications to leap from context to hyper-context.

The article is attributed to Prima Dona – VP Product Innovation, IP, Business Strategy at KeyPoint Technologies