Friday, October 23, 2020

Egyptian Entrepreneur Abdulrahman A Starts New Marketplace For Gamers

Abdulrahman A, the young entrepreneur of 27 years, has recently launched the new marketplace for gamers, Gamesbandy. Located in Mansoura, Egypt, Abdulrahman A was a...
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    ZingiVir-H Tab is a Herbo-mineral tablet that is a blend of 7 ingredients. It is scientifically proven for its antipyretic, anti-inflammatory, and anti-bronchitis activities. The...

    Twitter Brings India’s First #YouBelongInTech Event

    Twitter has brought India's first 'You belong in tech event'. The event happened today on an online platform and anyone could join with an...

    Rudy L Kusuma, The Los Angeles Realtor Talks About His Mission to Help a 1000 Real Estate Agents

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    Betalab Announces its “Fix the Internet” Startups

    Startup studio Betaworks had announced that it was partnering with James Murdoch’s Lupa Systems to create a new program called Betalab, to fund and...

    and When Does a Startup Stop Being a Startup?

    India has gone on to become the third-largest startup hub in the world and startups are playing an important role in making Indian cities live up to the standards of Silicon Valley. But and ? This depends on various factors.

    What constitutes a startup?

    According to the Ministry of Commerce and Industry, an entity that is registered as a private limited company as defined in the Companies Act, 2013 or registered as a partnership firm under section 59 of the partnership act, 1932 of a limited liability company under the LLP Act of 2008 in India is called a startup if:

    Its period of existence from the date of incorporation is less than 10 years,

    Its annual turnover does not exceed Rs 100 crore in a financial year.

    It is working towards innovation, development, improvement of products or processes or services.

    Or, if it is a scalable business model with a high potential for employment generation or wealth creation.

    But should the number of years a startup has been around be a deciding factor, or should it based on growth and profitability?

    Some factors that decide when a startup has leaped.

    In technical terms, a startup stops being a startup as soon as it crosses 100 crores turnover or ten years of incorporation.

    You enter in the corporate culture when your team grows to 50-100 people.

    An entity struggling with its business model continues to remain a startup until it decides on a business model they want for the long term.

    Once a company has raised angel or seed funding and done two rounds of large venture capital or private equity investment, it is not a startup anymore because it has found its business model and is just expanding. These companies are in growth mode, not startups.

    Latest Posts

    Egyptian Entrepreneur Abdulrahman A Starts New Marketplace For Gamers

    Abdulrahman A, the young entrepreneur of 27 years, has recently launched the new marketplace for gamers, Gamesbandy. Located in Mansoura, Egypt, Abdulrahman A was a...

    ZingiVir-H Covid-19 Tablets – Keralam Brings Ayurvedic Medicine For Treatment and Prevention of Coronavirus

    ZingiVir-H Tab is a Herbo-mineral tablet that is a blend of 7 ingredients. It is scientifically proven for its antipyretic, anti-inflammatory, and anti-bronchitis activities. The...

    Twitter Brings India’s First #YouBelongInTech Event

    Twitter has brought India's first 'You belong in tech event'. The event happened today on an online platform and anyone could join with an...

    Rudy L Kusuma, The Los Angeles Realtor Talks About His Mission to Help a 1000 Real Estate Agents

    Rudy Lira Kusuma is the CEO of Your Home Sold Guaranteed Realty, an INC 500 Fastest Growing Private Company in California. He is the...

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