[DailyPay in PR Newswire] Top American Companies Demonstrate Commitment To Their Employees’ Financial Wellness By Partnering With DailyPay To Support “America Saves Week”

Leading American companies are prioritizing their employees’ financial wellness by teaming up with DailyPay to support employee savings and “America Saves Week.” The annual event that kicks off today is organized by the nonprofit America Saves, an initiative of the Consumer Federation of America. The event’s mission is to encourage and support Americans to save effectively, aimed at motivating individuals and families to take better control of their finances and achieve financial stability.

Read more here.

The post [DailyPay in PR Newswire] Top American Companies Demonstrate Commitment To Their Employees’ Financial Wellness By Partnering With DailyPay To Support “America Saves Week” appeared first on OurCrowd Blog.

OurCrowd Blog

6 Ways To Win By Creative Partnering With Competitors

partner-with-competitorStartup founders are known for their passion for their startup idea, and for their passion to kill every competitor. Thus they often overlook the fact that their biggest growth opportunity may be a win-win collaboration with a serious competitor, known in the business as coopetition. Of course, this path involves some risk, but you never get anywhere unless you take a chance.

For example, I once worked for a small software company selling a sophisticated enterprise workflow solution. It provided an industry-leading graphic development interface, but was not so strong on modeling and simulation. We regularly went head-to-head in the marketplace with a competitor whose strengths were on the other end of the spectrum. They sold by minimizing the value of our features, and highlighted theirs. We both often lost as a result.

As small companies, neither startup could afford to extend their product alone, but through creative leadership, we were able to negotiate a win-win strategic partnership for a joint product. As a result, we shared in capturing a new high-end market, without major new marketing or development. All this was done without damaging anyone’s credibility, or stealing customers.

This example illustrates only the first of six potential growth wins provided by creative coopetition between startups, as well as larger companies. Here is a summary of each:

  1. Complementary strengths allows extended market penetration. It’s very unusual for two competitors to have exactly the same strengths – in development, marketing, distribution, or customer support. A strategic partnership, negotiated with a win-win attitude, can accomplish growth faster and cheaper than either could do alone.
  1. Capitalize on shared costs and common distribution. Similar companies, even though competitors, usually face economies of scale and overlapping distribution channels. The auto industry learned this a long time ago. Even the giant General Motors has alliances with smaller competitors, like Peugeot, to reach certain small car segments.
  1. Ability to up-sell customers with related products. In many cases, the products from competitive companies are complementary, or many customers are natural candidates for both. That’s why most retail outlets are not company stores, meaning they sell products from multiple competitors to optimize their own growth. You can do the same.
  1. Bundling and product integration to create new solutions. With the proper contracts, it’s quicker and simpler to extend your product line with coopetition, rather than funding new development. This works especially well when the new solution takes business away from a common enemy, and strengthens both of your market positions.
  1. Affiliate marketing and link exchange agreements. Similar to the preceding point, you can grow the business of both parties this way without sacrificing customers from either. This approach has been used for years, and implies very little risk, but many startups are still “too busy” to pursuing possible partners. Simple referral fees can bring real growth.
  1. Competitors can become strategic investors or merger candidates. Good strategic partnerships often lead to strategic investments, or great acquisition relationships. These days, most large technology companies, like HP and Apple, routinely buy successful and known startup competitors rather than developing new products from scratch. They also manage internal venture funds that may be your growth lifeline.

Before you start negotiating any of these coopetition deals, I do recommend that you spend some time thinking about where and how you will be competing, and how you will be cooperating. Deals that are not win-win won’t work, and may indeed jeopardize your whole future. Make sure you don’t violate even the spirit of local laws or customs, and make sure your intellectual property is protected with proper two-way non-disclosure agreements before you start.

Think about your core values and priorities, and look only at potential partners who have the same culture. For example, if your reputation was built on excellent product quality, don’t jeopardize your future by teaming with another company whose focus is mass produced commodity products at the lowest price.

Thus, while your natural instinct may be to kill your competitors, or fight for win-lose deals, remember that you can often do the most good for your customers, as well as yourself, by thinking outside the box. It’s a lot more fun to enjoy your company as it grows and succeeds, rather than make every step a fight to the death, any one of which you might lose.

Marty Zwilling
Startup Professionals Musings

How traditional insurance players can enhance capabilities, drive innovation by partnering with startups – The Financial Express

How traditional insurance players can enhance capabilities, drive innovation by partnering with startups  The Financial Express
“startups when:1d” – Google News

Startup Studio Insider: Top 4 Benefits of Partnering With A Startup Studio

Article By Craig Kronenberger

The world of startups has gained momentum over the past few years, opening the path to emerging technologies and innovative ideas to launch with the help of proper guidance. However, despite recent successes and heightened global recognition, many startups still struggle to find sustainable success and the ability to execute their ideas in a scalable way.

While it is known that there is a high probability of failure with any high-risk endeavor, such as building a new business from the ground up, the risk is mitigated by providing the right support system and resources to founders. Nevertheless, there are a number of bright teams out there that focus on providing specialized tools and solutions to help launch healthy and successful startups, whether it is defining goals and objectives or building the right product to address a market need.

Rocketship Graphic on How To Launch Your Startup, By Startup Studio Insider

Startup Studio Insider notes that the startup studio business model has become one of the most effective routes for startups to overcome the challenges associated with creating a business and sustaining its growth over time. Unlike an incubator or an accelerator, startup studios are involved at the earliest stage in the life of a startup, making the idea development process smoother and stronger in order to launch the business in its best shape possible. Also, startup studios offer an ongoing level of extended support, such as strategic mentorship, access to top tech tools, and deep insightful market research that most businesses alone cannot achieve alone.

Major players like Atomic, Wilbur Labs, and Rocket Internet are making waves in developing successful, thriving businesses across various industries that solve real problems for consumers.

Because studios are deeply familiar with the consumer pain point or problem and concept of the startup from the very beginning, they are more likely to support the business over a long period of time.

Here is a rundown of the top four benefits of collaborating with a startup studio to minimize the risk of failure and increase the chances of success:

  1. Access to Funding 

According to research, more than three-quarters of startups failed due to running out of cash or a lack of funding. In fact, lack of funding is one of the top reasons why emerging businesses fail. Studios are able to tackle this by providing seed and growth funding to their companies, which helps the companies they work with to focus more on building the business itself rather than spending time raising capital.

  1. High Selectivity Partnerships 

One key difference between traditional investors such as VCs or angel investors and startup studios is that startup studios are highly selective in who they work with. This allows studios to fully commit and invest their time in the businesses they back, mitigating risk and ensuring their success. Because startup studios maintain a relationship and provide shared resources for the startup beyond launch to facilitate long-term success, studios must invest their time, money, and resources into fewer startups.

  1. Thorough Industry Research

Typically, startup studios will not launch a startup without substantial research and data to prove that there is a market for the offering and that the business model is viable As startup studios generally build companies that tackle certain market needs and customer gaps, well-conducted research will be necessary to establish the right goal and strategies for each business.

  1. Shared Space and Resources

Overall, studios offer a highly collaborative and creative environment from the initial stages of incubation, to even after the launch and growth of the business. As studios employ a hands-on approach, they provide both pre-and post-operational support in product development, marketing, HR, sales, and finance, operations, and other critical elements of the business.  Another benefit that studios provide is access and connections to a skilled team of experts that will help enhance the overall vision. 

When it comes to starting and launching a business, founders have several models from which to choose. However, if you are a rising entrepreneur seeking continued support and resources to expedite your startup growth and ensure its success long-term, a startup studio could be the best fit for your needs and entrepreneurial goals. To learn more about what some of the best startup studios have successfully helped launch in the past, check out “Top Startup Studios in Action” by Startup Studio Insider.

Over twenty years of experience as a consumer digital strategist with a concentration in global strategy, Craig Kronenberger is currently the CEO and founder of Stripe Theory, a data-fueled digital agency established in 2015 with operations based in Atlanta and The Philippines.

The post Startup Studio Insider: Top 4 Benefits of Partnering With A Startup Studio appeared first on KillerStartups.

KillerStartups

Startup Studio Insider: Top 4 Benefits of Partnering With A Startup Studio Outlet: Killer Startups – DA 57

Article By Craig Kronenberger

The world of startups has gained momentum over the past few years, opening the path to emerging technologies and innovative ideas to launch with the help of proper guidance. However, despite recent successes and heightened global recognition, many startups still struggle to find sustainable success and the ability to execute their ideas in a scalable way.

While it is known that there is a high probability of failure with any high-risk endeavor, such as building a new business from the ground up, the risk is mitigated by providing the right support system and resources to founders. Nevertheless, there are a number of bright teams out there that focus on providing specialized tools and solutions to help launch healthy and successful startups, whether it is defining goals and objectives or building the right product to address a market need.

Rocketship Graphic on How To Launch Your Startup, By Startup Studio Insider

Startup Studio Insider notes that the startup studio business model has become one of the most effective routes for startups to overcome the challenges associated with creating a business and sustaining its growth over time. Unlike an incubator or an accelerator, startup studios are involved at the earliest stage in the life of a startup, making the idea development process smoother and stronger in order to launch the business in its best shape possible. Also, startup studios offer an ongoing level of extended support, such as strategic mentorship, access to top tech tools, and deep insightful market research that most businesses alone cannot achieve alone.

Major players like Atomic, Wilbur Labs, and Rocket Internet are making waves in developing successful, thriving businesses across various industries that solve real problems for consumers.

Because studios are deeply familiar with the consumer pain point or problem and concept of the startup from the very beginning, they are more likely to support the business over a long period of time.

Here is a rundown of the top four benefits of collaborating with a startup studio to minimize the risk of failure and increase the chances of success:

  1. Access to Funding 

According to research, more than three-quarters of startups failed due to running out of cash or a lack of funding. In fact, lack of funding is one of the top reasons why emerging businesses fail. Studios are able to tackle this by providing seed and growth funding to their companies, which helps the companies they work with to focus more on building the business itself rather than spending time raising capital.

  1. High Selectivity Partnerships 

One key difference between traditional investors such as VCs or angel investors and startup studios is that startup studios are highly selective in who they work with. This allows studios to fully commit and invest their time in the businesses they back, mitigating risk and ensuring their success. Because startup studios maintain a relationship and provide shared resources for the startup beyond launch to facilitate long-term success, studios must invest their time, money, and resources into fewer startups.

  1. Thorough Industry Research

Typically, startup studios will not launch a startup without substantial research and data to prove that there is a market for the offering and that the business model is viable As startup studios generally build companies that tackle certain market needs and customer gaps, well-conducted research will be necessary to establish the right goal and strategies for each business.

  1. Shared Space and Resources

Overall, studios offer a highly collaborative and creative environment from the initial stages of incubation, to even after the launch and growth of the business. As studios employ a hands-on approach, they provide both pre-and post-operational support in product development, marketing, HR, sales, and finance, operations, and other critical elements of the business.  Another benefit that studios provide is access and connections to a skilled team of experts that will help enhance the overall vision. 

When it comes to starting and launching a business, founders have several models from which to choose. However, if you are a rising entrepreneur seeking continued support and resources to expedite your startup growth and ensure its success long-term, a startup studio could be the best fit for your needs and entrepreneurial goals. To learn more about what some of the best startup studios have successfully helped launch in the past, check out “Top Startup Studios in Action” by Startup Studio Insider.

Over twenty years of experience as a consumer digital strategist with a concentration in global strategy, Craig Kronenberger is currently the CEO and founder of Stripe Theory, a data-fueled digital agency established in 2015 with operations based in Atlanta and The Philippines.

The post Startup Studio Insider: Top 4 Benefits of Partnering With A Startup Studio Outlet: Killer Startups – DA 57 appeared first on KillerStartups.

KillerStartups

Malaysian tech company partnering with well-funded Cincinnati startup – Cincinnati Business Courier

Malaysian tech company partnering with well-funded Cincinnati startup  Cincinnati Business Courier
“startups when:1d” – Google News

Are there any business owners whom started solo that decided partnering up would be the key to succes?

I’m curious because I feel like partnering up is absolutely essential for a startup to grow more rapid, efficiently and to improve work mentality. However it is quite hard finding the right people to join your cause without any certainties. If you recognise this situation I would love to gain knowledge of your experiences.

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

Air taxi startup Archer is partnering with automaker FCA on production of its electric aircraft – TechCrunch

Air taxi startup Archer is partnering with automaker FCA on production of its electric aircraft  TechCrunch
“startups when:1d” – Google News

Partnering with universities

Private startup, considering partnering with relevant universities near me to develop some new clean tech. How does that process typically work after making the connection? What are the financial obligations on either end? How is intellectual property preserved? Would I need my own documents (NDAs, partnership agreement, etc) going in? What sort of long term commitments or obligations will be expected of us?

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