Today’s 334th FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, January 5, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
Today’s 334th FREE online 1M/1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, January 5, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
India’s development over the last two decades owes a lot to globalization and IT outsourcing from the West.
Today, the Indian IT-BPO industry employs 3.7 million people.
A large portion of this is relatively low skilled, or at least mid-range skilled positions.
Artificial Intelligence, it seems, will deliver on its promise on many vectors. Low-skilled tasks that can be automated WILL be automated. This will start showing impact relatively soon. Some analysts like HfS research have projected a job loss of 640,000 by 2021.
Smartwatch maker Pebble was one of the most heavily funded startups on crowdfunding platform Kickstarter. It grew rapidly, but could not sustain its hyper growth pressures. Fitbit acquired it recently for its software assets and it does not plan to continue with its products. >>>
Sramana Mitra: What about customer validation? How did you get this off the ground in terms of the early customers and customer input early on?
Ryan Caldwell: We had to take really good care of the end user, which is our largest concern. If we don’t take good care of the customer, we can’t take good care of the bank or the software providers. We had to make sure that we had solutions that the end users resonated with. That was one of our first concerns. We also had to have software that would help deliver value back to the financial institution to help them better serve the end user.
If the credit union or bank can better serve the end user, then they can not only protect that end user but also have a stronger relationship, which eventually will >>>
Over the past decade, online clothing sales have ballooned and Nasty Gal and its founder Sophia Amoruso had managed to build a big brand and fan following among millennials. However, the company filed for chapter 11 bankruptcy in November 2016. >>>
Sramana Mitra: What was the concept of MX?
Ryan Caldwell: MX is addressing one of the core issues for mankind, which is people don’t have visibility into their finances. Finance is, in fact, a critical part of life for people. So much of the intangibles that we care about whether it’s family or health are directly correlated to financial flexibility and emergency funds that may or may not be available and to certain amounts of financial freedom.
If an individual throughout their life doesn’t have a solid grip or understanding of their finances, it can not only affect them in their early stages of their life, but the later stages can be truly terrifying as they enter into old age. If individuals didn’t have control of tier finances and didn’t have the ability to reflect on >>>
Sramana Mitra: What year are we at now?
Zvi Band: Around 2010. I had just been the CTO of an enterprise startup. I was consulting. I then tried starting my own projects. It was called Structo. Are you familiar with parse and convey and all these backend service tools?
Sramana Mitra: No.
Zvi Band: The whole idea is that it could be like a remote hosted database so that the developer wouldn’t need a database or a backend. They could build a mobile application or a web application and we would handle the backend. I tried it. It failed. Honestly, it didn’t fail because it was a bad idea. It failed because I >>>