Showing posts with label tech startup. Show all posts
Showing posts with label tech startup. Show all posts

Sunday, April 10, 2022

22 Startup Principles To Scale Your Company In 2022 (Brian Bourque)

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Monday, October 28, 2019

My Real Estate Tech Startup Has A Loan Investment

12/19/2019 Update: Fraud Alert: No Harm Done




On October 7, 2019, an investment firm out of Bahrain approved my loan request for $6.1 million. The terms of the loan are excellent. Thank you Noor Almuna Investments Company.

Status of the loan: Approved but pending.

Efforts are also underway to get some real estate companies in the region to invest in the form of convertible debt. At this end, I am also looking to raise a small Seed Fund.

The Next Wave In Innovation: Reimagining Entire Industries
Noor Almuna Chairperson: Jassim Al Seddiqi, the Michael Jordan of Gulf Finance.

There is tremendous pressure in the Middle East to diversify. On the other hand, tech entrepreneurs like me with a Global South background see the confluence of capital and technology as the hope rainbow that will allow for a fundamental uplift for the Global South masses in socio-economic terms.

I have seen numerous rejections over the years and decades. And the ratio of pitch emails that did not even see replies is even larger. But the rejections allowed me to ride wave after wave of changes in technology, intellectually speaking. They allowed me to study the tech startup as if it were some biological specimen. And, because what will happen in tech over the next 25 years is at least 100 times bigger than what has happened over the past 25, all those rejections make for perfect timing in hindsight. There never has been a better time to be a tech entrepreneur than right now.

It takes a lot to build a successful company. In recent years, I have undertaken spiritual journeys that shape what I call the six core values of my company’s corporate culture. Corporate culture is everything. Corporate culture is make or break.

As I see it, tech entrepreneurship is the best way to do the most good for the largest number of people on the planet. If you think the Internet is big, know that the Blockchain is going to be at least 100 times bigger. The Internet has democratized media. The Blockchain will democratize money.

My real estate tech startup is going to be the first of my several tech startup companies. But the real estate space is great because it attracts major investments. Concepts and ideas are harder to explain. But land and houses, most people understand.

The next wave in innovation is reimagining entire industries. You turn atoms into bits. Not literally. But by adding tremendous intelligence. My gameplan is to do that in real estate and revolutionize homeownership in the 100 biggest cities in the world, starting in NYC. We used to make clothes with hands. Then we started using textile mills. We still make houses with hands. We need to start using factories. Costs come down dramatically. Quality goes up dramatically. This is not real estate like the Trump Organization. This is tech like AirBnB.

After my loan was approved, but before it is formalized through the money transfer gives me a narrow window of opportunity to raise a Seed Fund. Usually, you go into round one not knowing if round two will ever happen. That is the risk you take. But here round two is already in the bag. And I still have found it near impossible to get people in my immediate circles to invest. At some level, I found it perplexing. On the other hand, being a successful angel investor is a rare skill. Successful angel investors are much rarer than heart surgeons. How many heart surgeons are there in my immediate social circles? Well, how many angel investors?

Homeownership is a major pain point for most New Yorkers. I see it fundamentally as a demand-supply problem. There is this huge demand and meager supply. My company would like to revolutionize that. We start in NYC and go to cities across the world.

The techies are in India. The money is in the Middle East. And Silicon Valley is no longer geography. It is wherever there is internet access. What is the optimum city culture for tech and innovation? I believe the answer is still out there.

Africa and South Asia are the next two Chinas. And Dubai could be for both what Hong Kong has been for China. More than 60% of the Foreign Direct Investment that goes into China goes through Hong Kong. That number used to be larger.

$6.1 million is a lot of money to raise. And I am thankful to my investors. Thankful enough that I have promised them I will give them first preference during the next two phases. But I am already thinking in terms of much bigger raises and much bigger ventures. I intend to build a city inside the city of Dubai, a tech city that will aim for the optimum city culture for tech and innovation.

The Gulf countries have a 10-year window to diversify or face decline. Clean energy technologies are seeing exponential advances. At some point oil simply gets priced out of the market. But money is the new oil. I see room for a Blockchain-based effort to take identity and the basic financial services to the final billions. That idea deserves 100 billion dollars more than does Masa Son’s Vision Fund. The tech city I will build inside Dubai might be the best location for the idea.





























Jassim Mohammed Al Seddiqi: Renaissance Man In The Gulf
Grammarly 99
Construction Innovation
Remote Work Is Not Either Or
Entrepreneur
Silicon Valley And Dubai
To: The Crown Prince Of Dubai
No Techies In Dubai
Elon Musk's Giant Blind Spot: Human Beings
Dubai's Remarkable Economic Transformation



















Turnaround Artist





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Wednesday, February 13, 2019

Discovering LinkedIn In 2019

I discovered Twitter in 2009, and JP Rangaswami was a big reason why. His blog Confused Of Calcutta that a friend pointed out to had many posts where he shared his enthusiasm for Twitter. I got infected. Within a year I became a top followed in NYC on Twitter. And I was no Ashton Kutcher. I worked hard at it.

It is not like I had not heard of Twitter. I had. But at first, I thought it was ridiculous. (I was also in attendance at the NY Tech MeetUp where FourSquare first presented, and I was unimpressed with what the two Founders called "check-in") I had been an avid blogger for years. And I thought Twitter was for people who can compose full sentences, but full paragraphs are beyond their reach. I was not going to stoop down.

LinkedIn I signed up for not long after it was launched. I have been a keen reader of tech news since the late 1990s, and so I seldom missed developments. But until this year, I never really used LinkedIn. I updated my profile and kept it current, but that was just because.

This year LinkedIn has become my favorite social network. I have become an avid user. I have been using it for hours a day. It keeps running in the background. It has become more like an Operating System.

When I was living in the city (now I live 90 minutes out, more depending on your mode of transportation) I went to numerous tech events. And often you exchanged business cards. The idea would be to try and connect with those people online.

Now I realize I was doing it in reverse and wasting a lot of precious time. You meet people online. You try to connect with them. They might, they might not reciprocate. Which begs the question, did you have a good enough reason to connect, did you write a relevant enough first email?

After you connect, you can have so much communication online. LinkedIn messaging might not be the best messaging out there, but it works fine. And if you connect with someone enough, you might even want to meet. But that is a rather high threshold. What will you talk in person that you can not over email and voice chat? Especially when a meeting is so hard to arrange. For both parties.

I continue to use Twitter and Facebook, pretty much daily. And although I don't blog as regularly as I used to, my blogs are still active. Now I also blog on LinkedIn itself. But that is deliberately few and far between. If people decide to read my articles, let them be few enough that they might actually read them. That is what I have thought.

The LinkedIn profile is an excellent format. If you have only a few minutes to get to know me, reading my LinkedIn profile might be how you ought to spend your time. The kind of work people have done over the years gives you a pretty good picture of who someone is as a person. Even if your interest in them might not be work-related.

And so I have been networking on LinkedIn like crazy. I don't miss the city. I quite like the clean air around where I live. And I don't much miss the networking tech events either. LinkedIn is far superior an experience.

It feels like for the first time I am building a company (two, actually) in earnest. And LinkedIn is the Operating System I am happily using.

LinkedIn trending topics has also become my favorite place online to go for news. Although I go many places on a daily basis.

And to say I have actually seen Reid Hoffman in person. Mike Bloomberg threw a party. I don't know how I got invited. But that is where I got to meet and know Arianna Huffington also. Hoffman was the featured speaker.





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Friday, February 08, 2019

New York City Beats San Francisco



This is remarkable.

Many of us have been connecting the dots for years. But this has come sooner than I expected.

The center of gravity for tech innovation shifted from Silicon Valley to the city of San Francisco a while ago. Silicon Valley feels rural. That is where the old companies are. Old like Google and Apple. And most engineers who work for those companies live in San Francisco, because, well, it is the city life they crave. But if it is about city life, San Francisco has nothing on New York City. Shanghai beats NYC on infrastructure, but NYC is not its infrastructure, it is its collection of people. There NYC beats Shanghai.

Already NYC was a strong number two. Then, in terms of VC money, NYC became neck and neck last year. And Amazon voted with its feet. Google has been expanding in the city for a long time.

Years ago Dennis Crowley of FourSquare made news by not moving to San Francisco. His startup did open up an office there, but he stayed put. I was unsurprised. At the time FourSquare was the NYC tech startup with the most buzz.

The next phase in innovation is about reimagining entire industries. I said so in my last article posted on LinkedIn. And NYC is a good place to be for that. It is home to numerous industries.


































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Wednesday, February 06, 2019

Could The New York Times Relaunch As A Tech Startup?

The New York Times Co. Reports $709 Million in Digital Revenue for 2018

709 million dollars is a lot of revenue. For a tech startup on the way up. But for an old company, it is chump change. Your market value is not what you are making this year. It is what you are projected to make in the future years. If you are making 700 million this year, but are projected to make no money in three years, your market value will nosedive to zero. On the other hand, if you will stagnate at 700 million, you might get a 5X or a 10X and have a market value below 10B.

What would it take for the New York Times to see a 40% increase in revenues every year for years and years? Obviously the same old, same old would not do.

Is it possible for an old company to relaunch itself? Or must old companies necessarily die and new ones take their place?

Is there a hybrid model possible where a new small team comes in to take an old company to new heights? An equity structure might be where that new team gets one third, and the old NYT keeps two-thirds in equity, and the new team helps take the organization to new heights with new business models.

The broad directions would be deeply digital, niche payments, tiny payments, and global.





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Wednesday, January 09, 2019

GoFundMe: My Twitter Campaign (6)



Angels. Let's reimagine the corporation. And take e-commerce to the final billions. Receive the gift of giving.

































































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