Welcome to another Linkibuzz where we have more interesting stories from around the globe concerning the startup world.
Our first story reveals an ambitious plan by Brent Hoberman to create 200 tech startups within the next five years with his own startup growth program. Next, we have a great story about how professional growth can be enhanced for all working professionals by mentoring others. It’s potentially something companies can build a professional growth plan around.
Our third story looks at how small companies not listed on the SEC are now able to crowdfund for securities offerings and get the funding they need to grow. It’s an interesting rule that one company in particular is exploiting to the maximum.
Lastly, we have a story about a shift in attitude for tech companies regarding how they store customer data. This is a result of the recent legal battle between the FBI and Apple and it’s hardly surprising that ramifications of that battle are now being felt across the industry.
Make sure you check out each of these stories; sit back and enjoy this week’s Linkibuzz post.
Ambition is a trait of all successful entrepreneurs and it’s certainly one for the founder of LastMinute.com, Brent Hoberman. Hoberman recently announced that he will create 200 new British tech startups within the next five years through his new company Founders Factory.
Britain has long been considered one of the global hubs for tech startups and this plan by Hoberman adds to that perception. Hoberman claims that the problem for many tech startups in Britain is that there are currently too many incubators and accelerators for tech startups that don’t really add value.
He claims his endeavour uses a new business model that helps tech startups grow through an ‘incubator’ and uses its own ‘accelerator’ program so they can grow quickly and sustainably. The program gives startups £200,000 worth of support, a customised mentoring program, business support from an in-house team, and £30,000 of growth capital to get started.
It’s a six-month program that helps all startups get the money and the expertise they need to grow and develop into a thriving company. The only caveat is that Founders Factory takes 7%. Hoberman says interestingly that he wouldn’t have given up 7% of his first company LastMinute.com to an incubator/accelerator program.
Either way, it’s an exciting opportunity for British tech startups that is likely to help boost the national economy.
We all know that professional growth and development is important for career development and progression. Many companies will strive to create professional growth initiatives and programs within their companies.
This post by Alex Lyman, writing for the Huffington Post, reveals something interesting about personal growth and development that could be crucial for companies. Essentially, she describes how mentoring other people actually created opportunities for professional and personal growth that took her by surprise. The key in this story is that other companies could learn a lesson from it and potentially create mentorship programs that aid the professional growth of both the mentor and those being mentored.
Lyman noticed that there were four things she gained from mentoring others:
- You get to remind yourself about important life lessons you may have forgotten.
- Allows you to gain a perspective on issues you may not have otherwise considered.
- You just may learn a thing or two from those you’re mentoring.
- You develop your own leadership capabilities
Lyman goes into greater detail regarding these four areas, so make sure you check it out and read the entire post.
Crowdfunding is not always the most common way to get investment funding for a business, but for smaller companies like the ones mentioned in this post, it’s the best option they have.
However, a new rule that states companies not listed on the SEC can crowdfund securities offerings is being exploited to the max. The featured company in this story is Nextdoorganics, a company run by founder Josh Cook. Cook has been using this new rule to gain as much investment funding via crowdsourcing as possible as he is looking to expand his business well beyond Brooklyn where he currently operates.
Under the new rules, small companies like Nextdoororganics can raise up to $1 million in a 12-month period via crowdfunding offerings. This gives small companies a great opportunity to raise the funding they need to grow their businesses.
Cook says that he expects to reach his funding goal in the next 45-50 days giving his company an opportunity to grow.
This is one of those opportunities in disguise that many small companies may miss if they’re not aware of it. It’s one that could pay off in a big way for any startups that exploit this new rule and crowdfund the money they need.
It was big news when the FBI tried to get tech giant Apple to hand over sensitive customer data recently. The FBI even took the case to a federal court in an effort to force Apple to hand over the customer information it wanted. Despite this, Apple still didn’t budge and eventually the FBI has up and resorted to using professional hackers to get the information it needed.
There was no doubt that this would result in ramifications for the industry. Previously, tech companies like Apple retained large amounts of encrypted data regarding their customers. However, the attitude now is that tech companies are beginning to shift away from this so they won’t end up being embroiled in any potential legal hassles in the future as per Apple’s case.
As the story reveals, companies are willing to make this shift even if it stifles company growth by slowing down any services they offer. As an anonymous tech company CEO mentions, “We have to keep as little information as possible so that even if the government or some other entity wanted access to it, we’d able to say that we don’t have it.”
It’s not surprising to see that tech companies are beginning to think in this way and it’ll be interesting to see what happens moving forward and whether or not it affects services offered by tech companies.
We hope you enjoyed this week’s Linkibuzz post.
Our first story covered the ambitious plan by Brent Hoberman to create 200 tech startups in the UK within the next five years using his program that’s a combination of accelerator and incubator.
Next, we looked at an interesting story relating to professional growth. This one is about how one working professional found that mentoring improved her own professional growth in addition to that of those she mentored. There is a great lesson here for companies that are looking to create professional development and growth initiatives.
Our third story explores a small startup in the United States exploiting a new rule that allows companies not listed on the SEC to crowdfund for securities offerings. It’s a great little loophole that companies can exploit to get the funding they need.
Lastly, we explored the potential ramifications that may occur as a result of the legal battle between the FBI and Apple earlier this year.
Stay tuned for next week’s Linkibuzz where we explore more stories from around the globe concerning the startup world.