Can we call it diversity, when in most tech conferences, the gender ratio is way off – in the favor of men? Truth be told, the world seems to be all talk, not enough action, when it comes to the topic of including more women in tech.
Diversity – still a long road ahead Read More »
Have you heard about Isaac Asimov and his famous Three Laws of Robotics, those basic principles to assure friendly robot behaviour? Decades have passed since he wrote them, but we can still find references to these ground rules in modern law. Let’s find out whether Asimov’s safeguards have stood the test of time.
Asimov’s laws: do they work in modern robotics? Read More »
Read our article about the invisible creature that has turned the whole world upside down and changed it dramatically in a very short time. The current crisis is like no other, it is unlike anything experienced in our lifetimes—and with that, there is substantial uncertainty about its impact on people’s lives and livelihoods now, and in the future.
In the first part of this article we showed you the reasons not to opt for VC funding. However, there are two sides to this coin too. In this one we have a look at the good reasons to choose this funding option. Why would anyone say no to this?
The pros and cons of VC funding – Part 2: The reasons to go for VC money Read More »
The path to success means venture funding, or so say a huge number of entrepreneurs. However, some companies should never even consider funding from venture capital. Read on to learn how to make smart decisions about financing.
The pros and cons of VC funding – Part 1: Why you should leave VCs alone Read More »
Why do 90% of startups fail? How can you avoid following in their footsteps? How can your business become one of the lucky 10%? We’ve witnessed so many stories and we’re here to share what we’ve learnt.
7 Reasons Startups Fail – and How to Recover: Part 2 Read More »
Getting yourself out there and starting your own company is a huge step. Having seen many projects, we’re here to give you the scoop on the most frequent reasons why startups fail and ways to avoid them.
7 Reasons Startups Fail – and How to Recover: Part 1 Read More »
The estimated amount of money laundered annually is between $800 billion – $2 trillion. This puts the recent global anti-money laundering efforts into perspective. We have dug into some of the biggest and most famous money laundering scandals in history.
Biggest money laundering scandals in history Read More »
FIUs are supposed to be hubs of financial intelligence. Do they fulfill their role?
The functioning and non-functioning of FIUs Read More »
Most people are by now aware of the basics of blockchain and how it is associated with Bitcoin. However, few people know that blockchain has other uses. Games built on top of public blockchains have the potential to disrupt the gaming industry.
Can blockchain be the saviour of the gaming industry? Read More »
Exciting developments
are underway at Kassailaw!
Our team of legal and technology experts is hard at work, preparing to launch a new and innovative way to access information and knowledge. This interactive platform will provide an immersive and engaging experience and we’re eager to share it with you.
Stay tuned!
🔥💡💻
“Is your team the dream team? How much percentage should each founder get?” One of the core ingredients to success is the right team with complementing skills and personalities: early stage investors (and business partners too, by the way) will invest in the team, not the idea. Our goal is to guide you in building a strong and well-functioning team, as well as help you uncover potential friction points or weaknesses in the team, so that you can address them in the very beginning. When it comes to the fair split with your co-founders, if you need a reference point, or just want reassurance, we have developed our own tool for equity split calculation. Hint: the one answer that’s certainly wrong is a hasty 50-50 split.
You have spotted a problem and found a viable solution – in other words, you have your idea. What’s the next step? You need to make sure that the problem your business is trying to solve is a valid problem for a wide enough group, and that
Are you sure that the problem your business is trying to solve is a valid problem for a wide enough group?
When you spot a problem and think you have found a viable solution to create a business around, it’s all too easy to get excited and jump straight into ideating a solution.
Avoid making something and then hoping people buy it when you could research what people need and then make that.
It doesn’t make any sense to make a key and then run around looking for a lock to open.
There are many ingredients in the recipe for creating a successful startup, but most certainly whatever you read and wherever you go, one of the first pieces of advice is going to be to do your homework properly regarding the validation. You have to validate both your problem and your solution to be able to define the perfect problem-solution and later on the product-market fit. If you manipulate your future customers into liking your solution or do not reveal all the aspects and layers of a problem you identified, your idea can easily lose its ground and with that the probability of it surviving and actually being turned into a prosperous business. Let us know if we can help at this initial but yet super-important stage.
Validation is the first step in moving towards learning more about the problem you are ultimately looking to solve.
Finding your unique value proposition is only possible if you take a thorough glance at your competitors. The world of tech is highly competitive, particularly so when you operate in a field with low entry barriers, you need to carefully examine and regularly update the news and developments of those companies who act in the same field and market. This might lead to several pivots for you if necessary, because you can significantly increase your chances of success if you can offer a—at least in some aspect—unique solution to your customers. The introduction as “we are like Uber/Snapchat/WeWork/Spotify, only better” is hardly sufficient in most cases. Unless you really are so much better, but then you need to know that too, so up the competitive analysis.
