TeenSharks Startup News
Latest News Digest About Startups, Entrepreneurship and Gig Economy
Strategies and plans to make money online - A curated digest
Digital marketing is new form of marketing. Marketing is to bring a product to a market. Sales is convincing a buyer to purchase in the market. Marketing connects product maker and the potential buyer. It used to be done through stores, Amazon, and various platforms. Now anyone armed with a blog or social network account can help producers move their goods to their fan base. Think of traditional marketing as drilling oil, and digital marketing as fracking. Think of traditional marketing as digging gold mines. Digital marketing is California Gold Rush. Think of traditional marketing as sit down restaurant, the digital marketing is drive through fast food. People use digital contents as "bait" to attract crowds of niche kinds. There are also armies of coders and affiliates who makes network of "passive income side hustle" marketers. Basically, someone in this field needs to pick the right product to sell, build the right base of audience, and be dedicated. A solo digital marketer can be a side hustle job with supplemental income, it like entrepreneurship.
Why is Duolingo worth 1.5 billion valuation?
Duolingo is a language learning website that uses bite sized videos to make learning language easy and fun, like games. It has been raising small amount of money and trying to get cash flow positive, which is a tall order in such a highly competitive field. Duolingo has a profitable, efficient business method and model and is a “market leader in the language learning space.” This new influx of cash will help the startup continue to pursue international expansion and support its new learning app for children. The coronavirus pandemic has created a generational opportunity for virtual learning and education technology. Duolingo looks to continue capitalizing on the present opportunity. Clearly, the new disruption is the "short video" formatting and vlog boom.
Why did GlassPoint go belly up?
The oil industry use energy to get energy. Glasspoint received more than $130M in VC from Oman’s sovereign wealth fund, along with the venture arm of Royal Dutch Shell. The plan was to use concentrated solar arrays housed in glass greenhouses to produce steam at gigawatt scale instead of natural gas for EOR. A major factor was the technology needs to be wind proof - this increased the cost significantly. Overall the projected costed 600 million dollars and up. Definitely the right project to go, but it was too much money needed in bad economic times.
Every single promising startup that has raised seed funding in April
A breakdown of deals by industry tells something about the current times.
Artificial intelligence 11
Augmented reality 1
Big data 3
Building material 1
Chemical, clean energy, clean tech 3
Klikdaily, an Indonisia B-2-B family grocery store supply chain supplier got funding
The company will use the new funds to invest further in technology. It plans to provide more data-driven insights and systems to help stakeholders – especially principles and merchants – improve their businesses in the fast-moving consumer goods space.
COVID_19 Separates Strong Startup from Weak Ones
An economic stoppage is a blessing in disguise for startups. What makes a STRONG startup? would a strong one survive the COVID_19 and the coming economic downturn? A strong company is one that has cash on researve or makes revenue - it is common for an establishment to bleed 10 million per month. Good luck.
Covid-19 has blown apart the myth of Silicon Valley innovation
How is the COVID 19 and the post Moore's law world going to affect silicon valley, America's crown jewel of technology innovation? without silicon valley innovation, the US and China competition is blown back to the pre-1969 era, before person computer and silicon VLSI chips.