Large company just beat us to market

For the past year, I've been doing nothing but college and working on my Startup nonstop. Me and my colleagues have been developing software, hardware, building prototypes, and working with manufacturers, to get our product to market. Today I read a CES 2021 coverage and saw that a large and reputable company will be releasing a product next year, that's basically what we are building, except for some minor differences. We don't have a patent or anything, because the idea itself isn't that unique, but there wasn't any such product on the market yet. Now that that's changed, I don't know what to do… Should I give up? Abandon the project and just accept that I wasted a year of my life building a product, that never even got to market?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

ASML fourth-quarter results beat, sees outlook upside in 2021 depending on ‘geopolitics’ – ETTelecom.com

ASML fourth-quarter results beat, sees outlook upside in 2021 depending on ‘geopolitics’  ETTelecom.com
“sweden startups when:7d” – Google News

[Bizzabo in TechCrunch] Pivot and survive – the people who beat the pandemic

‘We were all going through the same pandemic and relied on each other for support and strength. I think we are emerging stronger as a result.’

Read more here.

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[OncoHost in Venture Beat] OncoHost raises $8 million to develop AI that predicts cancer treatment responses

OncoHost, a company developing AI technology to characterize, analyze, and predict patient response to treatment, today announced it raised $ 8 million.

Read more here.

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WJR Business Beat with Jeff Sloan: Number of New Businesses Created in the U.S. Rising at Historical Pace (Episode 162)

We all know that the COVID pandemic has created a massive wave of job losses in the U.S. over the last year. So, with all of this economic hardship, one would reasonably assume that the rate of new businesses is at a standstill, right?

Wrong!

Over the past three months, more new businesses have been launched in the United States than in any other quarter in our history: Between June and September of 2020, nearly 1.4 million startups were founded.

Tune in to this morning’s WJR Business Beat to hear Jeff discuss this incredible wave of new businesses:

“If you’ve ever dreamed of carving your own path and doing it your way, now is actually a great time to do just that. While this crisis has undoubtedly turned everything upside down in so many ways, doing that has forced changes in consumerism and ways of doing business that are flinging doors wide open to new opportunities in almost every aspect of business. So, turn this time of crisis into your time of commitment and be part of the amazing wave of business startups sweeping the country today.”

– Jeff Sloan

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

Are you an entrepreneur with a great story to share? If so, contact us at editor@startupnation.com and we’ll feature you on an upcoming segment of the WJR Business Beat!

Good morning, Paul.

I’ve got some surprising but welcome news to help us all get rolling on this Monday morning. We all know that the COVID pandemic has created a massive wave of job losses in the U.S. over the last year.

So, with all of this economic hardship as the backdrop, one would reasonably assume that the rate of new business startups in this most dreadful business climate is simply at a standstill, right?

Over the past three months, more new businesses have been launched in the United States than in any other quarter in our history.

Amazing, but true. Between June and September, nearly 1.4 million startups were founded. So, the question is, “why?”

Well, the biggest reason: a meaningful percentage of people who have been laid off are at the end of their ropes with the notion of corporate job security. The reality is, one day you have a job, and in an instant, it can be gone.

So, where do you go from here? Look for another job, or do you start a business of your own? Winning or losing based on how much effort you put in and creating your own sense of security has become a very appealing alternative.

Now, I don’t know about you, Paul, but there is something so gratifying and joyous about the idea of people choosing the pioneering and enterprising path of doing one’s own thing and being one’s own boss. Those ideals have been entrenched in our great American spirits since someone uttered the words, “Go west, young man!”

So, if you’ve ever dreamed of carving your own path and doing it your way, now is actually a great time to do just that. While this crisis has undoubtedly turned everything upside down in so many ways, doing that has forced changes in consumerism and ways of doing business that are flinging doors wide open to new opportunities in almost every aspect of business. So, turn this time of crisis into your time of commitment and be part of the amazing wave of business startups sweeping the country today.

I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat, on the Great Voice of the Great Lakes, WJR.

The post WJR Business Beat with Jeff Sloan: Number of New Businesses Created in the U.S. Rising at Historical Pace (Episode 162) appeared first on StartupNation.

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WJR Business Beat with Jeff Sloan: Blake’s Hard Cider is a Winning Formula (Episode 163)

On this morning’s WJR Business Beat, Jeff shares the story of a visionary entrepreneur in our region, Andrew Blake. Blake, a third-generation entrepreneur, came up with an idea to expand his family business by creating a product to sell at retail. The product is Blake’s Hard Cider, and it’s a winner.

Tune in to this morning’s WJR Business Beat to hear Blake share his vision and incredibly successful execution of Blake’s Hard Cider:

“We’re at the point now where we’re an extremely sought-after brand within the industry. We’re the fastest growing hard cider company in the country, and one of the fastest growing alcohol companies in the country.”

– Andrew Blake

In case you missed it, tune in to our StartupNation Radio show featuring Andrew Blake, in which he shares his expertise on getting a product to retail. To learn more about Andrew Blake, check out his expert profile on StartupNation, and tune in to his weekly podcast, “Everything Borrowed.

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

Are you an entrepreneur with a great story to share? If so, contact us at editor@startupnation.com and we’ll feature you on an upcoming segment of the WJR Business Beat!

Good morning, Paul.

How do you take an old school business that’s been in the family for over a hundred years and turn it into a retail juggernaut, growing at breakneck speed to the tune of tens of millions of dollars in sales?

Well, we’ve got a story of a visionary entrepreneur leading a business right in our region that’s doing just that.

The business is Blake’s Apple Orchard, and the visionary is Andrew Blake, a third-generation family member who came up with an idea to grow their family’s u-pick apple orchard by creating a product to sell at retail. The product is Blake’s Hard Cider, and it’s a winner.

We recently featured Andrew on StartupNation and he told us his story.

Andrew, how did you make this happen?

I grew up on one of the farms, I was very close to the family business. It had grown to a certain point of, you know, I think we were at about 500 employees seasonally, and we had been perfecting our sweet cider apple blend for 70 years. So, I did what any expert does and I get on YouTube and start learning how to make hard cider in my garage at college, because I wanted to be able to prove out the idea to see if this stuff would even taste good, if, you know, people would be interested in it. And presented to my dad and uncle this idea of a hard cider company.

And your dad and your uncle embraced your vision, Andrew, and you guys went after this full bore, and now your product is available at most major grocery chains in our area and expanding rapidly nationally. Tell us how your vision and the execution of it has contributed to your company’s overall success.

We’re at the point now where we’re an extremely sought-after brand within the industry. We’re the fastest growing hard cider company in the country, and one of the fastest growing alcohol companies in the country. This year, we employed just over 900 people seasonally and probably 250 or so full-time.

It’s such an amazing thing when an entrepreneur’s idea and vision becomes such a powerful and positive reality. Congratulations, Andrew Blake, you are an inspiration!

I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.

The post WJR Business Beat with Jeff Sloan: Blake’s Hard Cider is a Winning Formula (Episode 163) appeared first on StartupNation.

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WJR Business Beat with Jeff Sloan: Most Valuable Global Brands 2020 (Episode 159)

As entrepreneurs, we all know the value of having a strong brand. A strong brand is easily recognizable, stands for something clear in consumers’ minds and evokes a feeling of trust and confidence, which contributes to sales. So, which brands performed best in 2020? We have the list of the top 50 most valuable global brands, according to a new study conducted by Interbrand.

Tune in to today’s WJR Business Beat to learn which companies made it into the top three most valuable global brands:

“When it comes to 2020s fastest risers and ones to watch in 2021, look out for Spotify and Netflix. They led the way with most aggressive gains in 2020.”

– Jeff Sloan

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

Are you an entrepreneur with a great story to share? If so, contact us at editor@startupnation.com and we’ll feature you on an upcoming segment of the WJR Business Beat!

Good morning, Paul.

We all know well the value of having a strong brand as a business. Brands like Coca-Cola or WJR, or how about the Paul W. Smith brand?

A strong brand is easily recognizable, stands for something clear in consumers’ minds and evokes a feeling of trust and confidence, which contributes to sales.

And now, coming off a really tough and challenging 2020, we have the list of the top 50 most valuable global brands, according to a just released study conducted by Interbrand, which calculates brand value across hundreds of companies according to a formula that takes financial projections, brand roles and purchase decisions and strengths against competitors into consideration.

Now, before we disclose the top three most valuable, here are some interesting facts impacting this year’s list.

First, over half of the most valuable global brands have experienced a decline in brand value. But at the top of the list, the big three tech companies gained an average of a hundred billion dollars each in brand value in 2020.

And so, here’s the list of the top three:

Coming in at number three: Microsoft. Number two: Amazon. And the world’s most valuable brand in 2020 with a chart-topping brand value of $ 323 billion… it’s Apple.

Apple is the most valuable global brand in the world in 2020.

When it comes to 2020s fastest risers and ones to watch in 2021, look out for Spotify and Netflix. They led the way with most aggressive gains in 2020. A particular interest to those of us in the Detroit region? The car company with the greatest increase in brand value… it’s Tesla, which experienced a 769% increase in market capitalization in just 12 months, making it the world’s most valuable automaker.

I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.

The post WJR Business Beat with Jeff Sloan: Most Valuable Global Brands 2020 (Episode 159) appeared first on StartupNation.

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WJR Business Beat with Jeff Sloan: E-Commerce Success Tips (Episode 160)

As we know, the COVID crisis has dramatically increased the movement of businesses from a primary brick-and-mortar focus to the online world. There’s no doubt that e-commerce is where the action is today.

Jason Junge, founder and CEO of PointerTop, a leading provider of online marketing and website sales conversion tools, shares how to best optimize your customer’s user experience by making it convenient and efficient.

Tune in to today’s WJR Business Beat to hear Junge’s e-commerce tips:

“You need to focus on making your transactions and your customer service as fast, as convenient and as targeted as possible for users and your customers. So that means embedding tools, processes into your website, into your landing pages that makes that experience customized and personalized and immediate.”

– Jason Junge

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

Are you an entrepreneur with a great story to share? If so, contact us at editor@startupnation.com and we’ll feature you on an upcoming segment of the WJR Business Beat!

Good morning, Paul.

As we know, the COVID crisis has dramatically increased the movement of businesses from a primary brick-and-mortar focus to the online world. We all know e-commerce is where the action is today. For business owners in our region who have gone online or for those thinking of moving their business online, either in part or entirely, we sought advice from an expert to give us some guidance and tips on how to make sure we outperform the competition.

We’ve got Jason Junge, founder and CEO of PointerTop, a leading provider of online marketing and website sales conversion tools.

Jason, break it down for us: what do we need to focus on most specifically to make sure we outsell the competition online?

So, you need to focus on making your transactions and your customer service as fast, as convenient and as targeted as possible for users and your customers. So that means embedding tools, processes into your website, into your landing pages that makes that experience customized and personalized and immediate. So, the first tool that you need to put into your website is one that allows you to interact with your users directly. That would mean adding things, such as chats or chat bots. You want to be able to deal with them directly and immediately, and not telling them to offload to another channel. Another thing is adding other tools, such as the ability to schedule an appointment directly through your website, rather than having to call you. And the other is adding Google Maps so that they can easily find where you are. Remember, people online are very impatient. They’ve grown accustomed to the idea of things being readily available and immediate.

The most important thing is really to make it convenient to customers.

So, there you have it. To succeed online, you have to do more than just show up. Optimize your customer’s user experience by making it convenient and efficient.

I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.

The post WJR Business Beat with Jeff Sloan: E-Commerce Success Tips (Episode 160) appeared first on StartupNation.

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WJR Business Beat with Jeff Sloan: Apple Announces Developer Academy in Detroit (Episode 161)

Apple has just announced that it is opening its first U.S. Developer Academy in downtown Detroit.

According to a press release posted on the Apple website, the Detroit Academy is part of a hundred-million-dollar racial equality and justice initiative to help dismantle systematic barriers to opportunity and to combat injustices faced by communities of color.

The Detroit-based Apple Developer Academy is aimed at the black entrepreneur and developer community in the Detroit region, and is designed to empower young black entrepreneurs, creators and coders, helping them to cultivate the skills necessary for jobs in the rapidly-growing iOS app economy.

Launched in collaboration with Michigan State University, Apple Developer Academy courses will be open to all learners across Detroit, regardless of their academic background or whether they have any previous coding experience.

Tune in to this morning’s WJR Business Beat to learn more about the forthcoming Apple Developer Academy in Detroit!

“We are all accountable to the urgent work of building a more just, more equitable world, and these new projects send a clear signal of Apple’s enduring commitment… working together to empower communities that have borne the brunt of racism and discrimination far too long. We are honored to bring this vision to bear, and to match our words and actions to the values of equity and inclusion we have always prized at Apple.”

– Tim Cook, Apple CEO, in a press release

Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE.

Are you an entrepreneur with a great story to share? If so, contact us at editor@startupnation.com and we’ll feature you on an upcoming segment of the WJR Business Beat!

Good morning, Paul.

Great news for Detroit! Apple has just announced that it is opening its first U.S. Developer Academy in downtown Detroit. This is a huge win for our region for so many reasons.

According to a press release posted on the Apple website, the Detroit Academy is part of a hundred-million-dollar racial equality and justice initiative to help dismantle systematic barriers to opportunity and to combat injustices faced by communities of color.

The Detroit-based Apple Developer Academy is aimed at the black entrepreneur and developer community in the Detroit region. The Academy is designed to empower young black entrepreneurs, creators and coders, helping them to cultivate the skills necessary for jobs in the rapidly-growing iOS app economy.

Launched in collaboration with Michigan State University, Apple Developer Academy courses will be open to all learners across Detroit, regardless of their academic background or whether they have any previous coding experience.

Tim Cook, Apple’s CEO, had this to say:

We are all accountable to the urgent work of building a more just, more equitable world, and these new projects send a clear signal of Apple’s enduring commitment… working together to empower communities that have borne the brunt of racism and discrimination far too long. We are honored to bring this vision to bear, and to match our words and actions to the values of equity and inclusion we have always prized at Apple, said Cook.

How cool, Paul, that Detroit has been selected as the first of these academies. It will help our young people with educational opportunities and the red-hot field of coding and position them for exciting job opportunities in the future. It’s going to expand our available high-tech workforce here in the region, and it adds to the overall culture of entrepreneurship that continues to accelerate in and around Detroit.

Thank you, Apple, for picking us.

I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.

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[Arbe Robotics in Venture Beat] Qamcom will bring Arbe’s 4D imaging radar to trucks, mines, and farms

Just as 2D computer vision systems are helping factories to identify defective parts and webcams to blur out home office backgrounds, next-generation imaging radars will enable autonomous and semi-autonomous vehicles to understand their environments for safer navigation.

Read more here.

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