Before running off to launch a startup, ask and answer some basic questions, writes Nicolas Cole. These include making sure you have a reliable support network, a strong proof of concept and enough funding to get your business off the ground.
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New York state regulators have found two former Uber drivers eligible for unemployment benefits. Worker advocates plan to push for the rulings to include other areas of employment rights, which could force changes in business models of ride-hailing companies.
PieShell wants to help food and beverage startups secure funding through its newly launched crowdfunding platform. The company charges 6% of successfully raised funds and donates 1% of its proceeds to food-focused nonprofits.
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It takes nearly $56.4 million a year to run the average 50-person tech startup in the San Francisco Bay Area, research from CBRE shows. The costs are significantly lower in cities such as Charlotte, N.C., ($40.2 million) and Minneapolis ($40.4 million).
It's tempting to sell to enterprise clients, but they also tend to have long purchasing cycles, writes Laura Behrens Wu, CEO and co-founder of Shippo. She explains how her shipping startup established early traction by pivoting to the small-business market, where customers tend to make decisions more quickly and are more willing to try new products.
Sup, a UK-based app that helped users connect with nearby friends, has laid off all of its employees and closed. The business managed to attract more than 80,000 users along with high-profile endorsements, but it was unable to achieve the rapid growth necessary to build a scaled-up business, said co-founder and CEO Rich Pleeth.