Technology

Startups

Introduction • Tech startups have become a major part of our life and

economy • Most likely many will be working for or starting their own

startup.• While there is an ongoing argument about weather Tech

Startups create or destroy jobs many now agree that overall jobs are created indirectly by technology companies like social media experts in every marketing department and hundreds of thousands created by Apples' app store

• Lucrative rewards of a successful Tech startup is a major drive to innovation

• Anyone can have their own startup providing they have a laptop and the right people

The .COM Bubble• We can’t talk about new tech companies

without talking about the .com bubble.

Because of the bad experience that the

economy had with the burst of the .com

Bubble, some may still have a negative

view of the new technology ventures.

•  Tech bubble occurred in the late 1990s

and ended rather abruptly in early 2000.

and dove the whole economy  into a

recession.

What is a Tech Startup ?

The startup partIt seems like a pretty straightforward question.  But there is surprisingly little written to answer the question.The common definition for a startup would be :-Is an entrepreneurial venture or a new business in the form of a company, a partnership or temporary organization designed to search for a repeatable and scalable business model. These companies, generally newly created, are innovative in a process of development, validation and research for target markets.

The Technology PartFor a Startup to be considered a Tech Startup it should be

1- Creating technology.

2- Providing Service.

3- Innovative.

Creating Technology• Simply using Technology is not

enough to be called a tech

startup. Just because you use a

collaboration tool like JIRA or

ASANA doesn’t make you a Tech

Startup. Creating a software Like

JIRA or ASANA makes you one.

Providing a Product• Product can be a service.

• Technology can be delivered as

service.

Tech companies are scalable. The

increased demand for your product

doesn’t require a linear increase in the

number of people required to deliver the

service.

Innovative

Technology startups make unique

products that people want Technology

startups do something unique and innovative.

• You can solve the same problem but in

a different or a new innovative way

•  Solving big problems has more value

then solving little problems.

Google VS Yahoo year 2000

how a UI change made a huge difference

Examples of successful Tech Startups

GrubHub.comGrubHub is founded in 2004 by two web developers who were looking for an alternative to paper menus.

What Does GrubHub Do?• GrubHub is an online food ordering

system that connect users to restaurants in exchange of a commission that the restaurant pay, a percentage of the value of the order.

• They have client facing web interface and mobile App

• They deliver the order to the restaurants Via Fax or email.

Market Value

- GrubHub’s market value topped

$3.4 billion- For the first

quarter of 2015 Revenue rose to $85.7 million from $61.9 

GrubHub on Dec 15

https://www.youtube.com/watch?v=G8VjcZeuvmo

How does Uber Works ?

• Relying on a REST API and the services of other platforms like (TWILIO), Uber connect users looking for a ride with available drivers on-demand for a commission.

• The technology is simple but Uber was among the first in the business to cut the middle man.

• Uber is servicing 67 COUNTRIES

• UBER was founded in march 2009, San Francisco, CA

Market value

• Uber Technologies Inc. has raised a new round of funding that could value the ride-hailing company at as high as $64.6 billion.

• Uber is expected to generate $10 billion of which it keeps $2 billion in the next year or two.

How to start a startup • The Idea It doesn’t have to be a new

idea but it should be

innovative and provide a new

way to solve a problem.

• The people You will need people who are

not just good but committed to

what they do. The kind of

people who can’t go to sleep

with a bug in their code.

•MoneyUnless you are planning to fund

your venture on your own you will

need investors to fund your project.

Capital is always available to those

with a good idea.

References • http://blog.weatherby.net/2009/07/what-is-a-technology-startup.html• https://en.wikipedia.org/wiki/Startup_company • http://techcrunch.com/2012/10/14/are-startups-empty-buzz-or-a-way-to-kickstart-the-eco

nomy/

• http://www.investopedia.com/terms/t/tech_bubble.asp • http://labs.sogeti.com/internet-things-bubble-burst-14-years-dotcom-bubble/ • http://www.businessinsider.com/hottest-tech-startups-in-america-2015-8• http://247wallst.com/retail/2014/04/04/grubhub-ipo-magic-value-now-almost-3-billion/• https://blogs.windows.com/devices/2015/03/17/enjoy-st-patricks-day-with-lumia/• http://

www.wsj.com/articles/uber-in-fresh-funding-round-that-could-value-company-at-up-to-64-6-billion-1449180409

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