Start-up Innovation, Pitching, Funding and Failure

I haven’t written here in a while, because I’m busy working on a few different projects. As the title suggests, they involve start-ups.

I’ve started working on a project called AraBiz, together with my colleagues at GloBiz. AraBiz is a platform for entrepreneurs, which builds connections between start-ups in the ICT field and investors in the Middle East and North Africa region. That happens mostly behind the scenes. The website itself is a blog, providing different know-how for start-ups and about the online Arab world in general.

We’re really excited about the project, because we’re moving beyond our already established physical presence in the Middle East and onto the internet and the ICT world. It’s one of the most interesting spheres to be in and it definitely has enormous potential. For example, Google just recently announced its effort to boost Arabic content on the internet, which currently only accounts for only 3% of the web.

Below I am going to outline some of the stuff we’ve been writing about on AraBiz.

Reasons to Start Up

My colleague, Eleonora Dervenska, wrote a post about the Reasons to start a business and become an entrepreneur. Her post was inspired by a talk by Phil Libin, the CEO of Evernote. If you’re considering becoming an entrepreneur, you should definitely check it out. Eleonora gives reasons both for and against becoming an entrepreneur and concludes with – “there’s never been a better time to change the world.”

Pitching, Innovation and Failure

I had the pleasure to discuss Start-up pitching, innovation and failure with Bill Liao from CoderDojo.com and Mike Butcher, the European editor of TechCrunch. They talk about some of the biggest mistakes start-ups make when pitching; they comment on innovation inside business models; and finally, they talk about the perception of failure.

Open Source Start-ups

I also had the chance to talk to Diane Bisgeier, Program Manager of Mozilla’s WebFWD program. She introduces the latest trends at Mozilla and WebFWD itself. If you are a start-up, which is building around open source, you should definitely learn more about the program. If you’re not, you should read the post anyway, because it tells you how you can make money from open source and what Mozilla’s latest steps in the mobile market are.

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Author: Kiril Hristov

An internet marketing specialist with a passion for music and other art.

2 thoughts on “Start-up Innovation, Pitching, Funding and Failure”

    1. Ryan, thanks for taking the time to comment.

      I think you hit the nail on the head. It’s a major issue present in the Arab world and in Eastern Europe as well. All investors want NO risk. I think that’s why in these regions we’re seeing so much replication of business models.

      What bothers me more – a lot of investors want to fund and not be part of the actual start-up, its activities and day-to-day struggles. We definitely need a new generation of investors in these regions. Start-ups could either wait or persist. I support the latter.

      With AraBiz we are trying to build trust in a platform and overcome this issue.

      All the best to you and good luck with your ventures!

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